Comments on: If Barrack Obama spends 60% more then the United States earns in tax revenue, will we have currency collapse?

By: Elwood Blues

Elwood Blues — Tue, 30 Nov 1999 00:00:00 +0000

Nope. But he’s not going to, so the question is moot.

Republicans are highly upset that Obama is borrowing nearly a trillion dollars to spend in the US as various forms of stimulus. Yet they never objected as Bush borrowed enough to spend over 4000 lives plus nearly a trillion dollars on a useless war in Iraq.

Why was the spending in Iraq so much more acceptable than spending money here in the US on infrastructure, teachers, etc?

BTW, your question fits a typical conservative question pattern:
_1_ Make up a "fact".
_2_ Challenge "libruls" to explain made-up "fact".
_3_ Get all bent out of shape when "fact" is shown to be false.
Don’t you ever get tired of the charade?
.

By: Michel

Michel — Tue, 30 Nov 1999 00:00:00 +0000

who knows

By: Ed

Ed — Tue, 30 Nov 1999 00:00:00 +0000

Good question, how come no one was at all concerned when bush was doing it?

By: El Tecolote

El Tecolote — Tue, 30 Nov 1999 00:00:00 +0000

This is the part where Obama and his supporters just simply ignore reality.

By: kelby7670

kelby7670 — Tue, 30 Nov 1999 00:00:00 +0000

We can always sell the Grand Canyon.

By: Ouroboro

Ouroboro — Tue, 30 Nov 1999 00:00:00 +0000

I don’t think it will. If the federal reserve can sell all it’s treasury securities to foreign countries…

Actually yes we will never mind, there is no way we can sell that much debt.

By: iceman

iceman — Tue, 30 Nov 1999 00:00:00 +0000

Credit/Debit system makes our economy strong.

Eat today we’ll diet tomorrow.

By: BO: We cant continue 2 spend

BO: We cant continue 2 spend — Tue, 30 Nov 1999 00:00:00 +0000

I give it five to ten years until the currency is really hammered in the marketplace.

By: His Divine Shadow

His Divine Shadow — Tue, 30 Nov 1999 00:00:00 +0000

I have a ton of silver (not literally) I plan on using for barter currency when the American currency collapses. By the time you have to pay out the winner to your contest, $1,000,000,000 will all be fit on one bill, hopefully one with Barack Obama’s face on it so we will remember why our country went into hyper inflation and who was responsible.