patrick.net

Ironman says

CNSNews.com) - The federal debt climbed by more than a trillion dollars during 2016, according to data released today by the U.S. Treasury.

On Dec. 31, 2015, the last business day of 2015, the federal debt was $18,922,179,009,420.89. On Dec. 30, 2016, the last business day of 2016, it was $19,976,826,951,047.80.

(Damn, he didn't get it up to $20,000,000,000,000 before he left)

The one-year increase in the federal debt during calendar year 2016 was therefore $1,054,647,941,626.91.

And what does he have to show for it? A slow and lethargic economy.
Thanks for nothing.

Like the other Democrat president in the last 36 years, Obama continuously lowered the deficit. Like all republicans in the last 36 years, Trump will make the deficit grow and increase the speed at which we take on debt. The streak will be extended to 40 years. Yay!

YesYNot says

Like the other Democrat president in the last 36 years, Obama continuously lowered the deficit. Like all republicans in the last 36 years, Trump will make the deficit grow and increase the speed at which we take on debt. The streak will be extended to 40 years. Yay!

It's OK to have deficit spending if we get a healthy economy. Obama failed.

It's all Obama's fault!!!

All those rapefugees Obama imported cost money! Welfare is expensive!

Ironman says

The increase paralleled increases in those seeking a license to carry a concealed weapon.

I can't find the word license in the 2nd Amendment?
These are the trash that will destroy america.
These are the same COWARDS that aren't fighting ISIS overseas to protect america.
WANNA be COWBOYS!

Assholes allowed NATO to move to the RUSSIAN border.
Now shoot down Cluster Bomb NUCLEAR ICBMs with your bullet shooter.
Stupids aren't immune to Nuclear War.

One would think that the gun companies would have wanted Hillary to be elected for the same reason. Are you selling all of your gun stock now that papa Trump is in charge?

YesYNot says

One would think that the gun companies would have wanted Hillary to be elected for the same reason. Are you selling all of your gun stock now that papa Trump is in charge?

They probably secretly gave a lot to Hillary PACs.

Actually if I was to criticize President Obama on something, he didn't want to spend enough early on with direct spending, the Dem's are more fiscally conservative than the Republicans

PCGyver says

So will Trump's HEY YOU says

The debt taken on this year was spent by congress during the Bush administration. Almost all of it.

Ohhhhh, I see how it works. So when Trumps administration takes on debt that will be to pay for Obama administration's debt. I see how that works.

Twisting words to make it look like you are right again?

I guess Ironman is right when he says you are a different kind of stupid.

Sorry that you don't know that the U.S. House of Republicans is the source of all funding.
Why do Republicans allow continuing debt increases? See if you can use twisted words to
place the debt on someone else.
There is NO increasing DEBT without Republican votes.
Apparently there are retards that can't find out how many SLIMY ,SHITTY Republicans
voted for any debt increase. Ever hear of GOOGLEIZING. I would post some of the votes
but so many take pleasure in being IGNORANT.
You and Ironman must be a different kind of RETARD TROLL.
Hope you wash your foot before you stick it in your mouth.

As an aside:
Can you pay cash for your healthcare?
How much debt do you have?
Can you stop working for money or do you have a constant income to pay for
the inability to become a Great aMERICAN ENTREPRENEUR?

I think i would agree that Obama did not spend too much on the fiscal policy.
People have to remind themselves that what the economy is today is NOT a direct consequence of current policy maker. It is accumulated effected for decades, meaning it has a long memory.
Those debts accumulated is due to "structural problems" like the off-balance sheet liabilities such as promises of social security and medicare. The current structural is a repeating cycle of "borrow-spend-bailout" which is a wealth transfer machine rather than a wealth creation structure such as "earn-save-invest":

Obama did not do anything to change the structure except the Obama care which is an attempt to gain more government power under the name of reducing health care cost.

While he did nothing to change the structure of the economy, he only cope it by using monetary policy which suppress interest to aero and printed trillions. Imagine how many trillions he has stole from the savers to cope with/strengthen the structural problem by encouraging "borrow-spend-bailout" and punishing "earn-save-invest".

So he is not a spender. Monetary policy under him reinforces current structural problem. Fiscal deficit spending sounds different but its effect will be equally bad because it is still "borrow-spend-bailouts"

As always you pat.net people are way too bearish on America....

Heraclitusstudent says

Even Logan doesn't project this trend for very far.

What happens if it continues? For 30yrs? 40? 50?

What happens if the trend breaks?

Federal debt is going to grow for 4 decades plus and by 2024 mandatory payouts alone will exceed government revenue even with a 3% GDP model

it is what it is

Until Japan, Germany, UK and China have a currency induce blow up, it's not worth the time to worry about

Remember all those calls of the death of car sales early in 2016... I do!

As long as Trump creates safe vehicles for American families to save their money and be rewarded. Without having to play the Casino, then I don't care.

If you are stupid enough to invest in bullshit then you deserve what you get.

More bullshit conflation again. The stock market collapse was not the catastrophe last decade. It was the subsequent blank check bailout that was unconscionable.

PCGyver says

If you could follow this thread you would see that Hey You came up with that logic, not me.

Genius!

Ignorance & Wingnut pretzel logic is your forte.
Any Debt that trump has to deal with is the responsibility of Republicans in the House.
Increasing debt can't happen without Republican votes.
TOO COMPLEX! for you."I see the simplest concepts go right over your head."
So you don't have the list of Republicans that voted for debt increases?
I've got a list. You've got talk.

After Jan. 20th any debt increase will be on trump & Republicans.
Cowards won't vote against increases.

philly is a liberal shithole.

Goddamn that's a steep one. You're gonna see people brewing their own moonshine here soon.

How many Wall Street CEOs did Mary Jo cover for?

The Story of John Mack and Gary Aguirre

http://www.rollingstone.com/politics/news/choice-of-mary-jo-white-to-head-sec-puts-fox-in-charge-of-hen-house-20130125

OK, so a diet coke is unaffected by this new tax, correct?

Ironman says

Want to guess what the population makeup of Phila is and how many are on EBT cards??

Guess who, in the end, is paying for this increase??

The overweight welfare recipients. I support the sugar tax and the fat tax.

The voters of Philadelphia are extremely stupid because they are mostly black. All the white people left decades ago.

It's just fucking sugar diluted in fucking tap water. They should make their own "soda".

http://www.philly.com/philly/news/politics/20160617_Philadelphia_City_Council_to_vote_on_soda_tax.html

Suggests that it applies to diet drinks as well

The tax could add up to 18 cents to the cost of a 12-ounce can, $1 to the cost of a 2-liter container, and $2.16 to the cost of a 12-pack. It will affect sodas, teas, sports drinks, flavored waters, bottled coffees, energy drinks, and other products.

Proponents argued that the tax will lift Philadelphians out of poverty by paying for investments in the city's most struggling neighborhoods.

You can't tax your way to prosperity!!!!

bb86 says

It's just fucking sugar diluted in fucking tap water. They should make their own "soda".

I'm sure it's cheaper to make your own cheesesteaks as well, but that's not the point.

BTW, some really old dude at the Philadelphia Visotors' center recommend this place to me:
http://www.sonnyscheesesteaks.com/
And I think he was right about it. It was pretty good.

Ironman says

Strategist says

Guess who, in the end, is paying for this increase??

The overweight welfare recipients

Wrong answer...

It's YOU, the taxpayer.

I'm not into sodas. How can i be paying for it?

Strategist says

I'm not into sodas. How can i be paying for it?

Easy, soda prices double in Philadelphia, so to compensate, the city will give deadbeats more food stamps to "make up" for it.

Schools don't need the money they just need to fire the over paid employees

zzyzzx says

Schools don't need the money they just need to fire the over paid employees

Yup. Too many kids go to school and end up with a "welfare" major.

Ironman says

Assange tells Hannity that Podesta’s password was, um, ‘password’ ..

Now he will have to change it. The idiot will change it to "new password"

Ironman says

He even looks stupid.

Only elite FSB hackers could have penetrated such an advanced Defense.

Obligatory:

www.youtube.com/embed/_JNGI1dI-e8

He's a Russian agent.

Ironman says

Families enrolled in bronze plans will have average deductibles of $12,393, for 2017 according to the study by the consumer insurance comparison site HealthPocket.

HealthPocket also found that that average premiums, or monthly payments, for bronze plans nationwide will increase 21 percent next year for people who earn too much to qualify for Obamacare subsidies.

The poor don't have $1,000, how will they come up with $12,000?
My advise to the poor..... stick to the old system where you go to the emergency and don't pay anything.

Ironman says

"if you like your doctor, you can keep your doctor. Period"

"if you like your plan, you can keep your plan. Period"

If you like your President, you can't keep your President. Sorry, his time is over.

.

This is damning evidence...

Ironman says

See Duckface, he MANUALLY entered it and voluntarily gave an unknown person his email password. That's how they found out it was "Password". Duh..

and this is the Party YOU voted for.

I would have used HubbaHubba1944.

Ironman says

President Obama was honored with the 2016 Washington Free Beacon Man of the Year Award.

Which award is that-I heard he was awarded an award for public service by one of his subordinates? I mean that is tacky even for this clown-or does he have no scruples at all??