Thread: HE'S THE MAN: US president Barack Obama.

Originally Posted by draco888

Originally Posted by Butterfly

Originally Posted by pseudolus

Tell me when was the last time a government debt in the US was actually repaid?

a government doesn't have an "equity tranche" in their accounting like corporations do, so their working capital needs to draw from debt, not equity or cash. In short, debt is all they have to run the system, that's how their "working capital" is financed.

or they could run a balanced budget.

oh that's very smart, and how could they do that ?

if growing corporations constantly needs bridge loans to "balance" their operations budget or revenues shortfall, I don't see how government could achieve it when they are dealing with a far bigger size of liabilities and unforeseen events.

Maybe if you understood businesses and normal corporate financing activities, you wouldn't be so rigid in your assumptions about government spending. The government is an employer and an economic entity like any other corporations, but it doesn't have the same mandate as a corporation.

Originally Posted by draco888

Originally Posted by Storekeeper

Originally Posted by Boon Mee

Originally Posted by sabang

In the rightwingiverse, a falsehood oft repeated becomes a fact.

Suppose all of this is a falsehood too, huh?

U.S. National Debt Clock : Real Time

Thanks, Obama!

I remember when left wing posters like raycarey used to post that same darned link over and over for 8 long years during the Bush years.

interesting that there is a deafening silence now from those posters on this subject.

that's quite rich of you guys to put all the blame on Obama when it's clearly Bush legacy and one of his biggest achievement after Iraq and Afghanistan

^ To lump me in the group just shows my sarcasm went totally over your head.

Obama apparently does not “regret staking out that (misleading) claim” about the sequester.

They lie so often it's hard for them to keep their stories straight.

Originally Posted by Boon Mee

They lie so often it's hard for them to keep their stories straight.

lying, how dare they??? In our times, lying used to be a sin!!!!strait to hell !!!!

What a breath of fresh air.

Originally Posted by Cujo

What a breath of fresh air.

Not a brilliant president . . . but a very good and normal person