Thursday, March 1, 2012

Why is Obama SPENDING so much?

Why is Obama SPENDING so much?
Honestly!!!! A billion dollars here, a trillion dollars there, meanwhile we're still left over paying billions a month to pay for 2 wars going on. I voted for the guy, it was a no-brainer, but now I'm starting to wonder... I have a BA in Political Science and Economics and with this level of spending, no one will want to hold our bonds anymore because they're just worthless, there's no scarcity. Thus, to force feed people bonds, we need to hike the interest rate up so they get more of a return from us paying back the borrowed money. Also, if they don't sell bonds, they need to print more money, which equals high inflation, especially since we've spent so much already. Am I the only LIBERAL DEMOCRAT that sees this going on? I am all for funding public health care, education, etc. but the fact of the matter is we live in a capitalist country, and we CAN'T afford all these programs at once. Are we going to be like Argentina and default on our debts twice and pay inflation of 20%, with huge taxes? Perhaps China will liquidate the dollars they have and crash our economy. Do any of you see what is going on? This is so dangerous, it greatly worries me. When mid-term elections roll around I'll make sure they hear my voice. Anyway, what do you guys think? BTW I AM NOT AN IMPOSTOR TRYING TO GARNER VOTES! I DID vote for Obama and I like the guy, but he's spending us into a depression, bottom line! We haven't even seen a whole lot of effects from the stimulus plan. Besides the fact people have kept jobs, and that's great! But, unemployment is a lagging factor. People are just not spending because they're afraid. No amount of money released into the system will gain consumer confidence. In fact, I would argue that the spending makes it worse because we know the debt we're getting into. I don't mean to rant, but I wanted to give my opinion lol. Please answer what you think, I don't care which side you're on =) EDIT: By the way, spending on education and health care = more votes for Obama. Does he ever get sick of being a populist? Birdy: Well duh! Money is not real! I know this! I'm an economist! There is no longer gold to back it up, so money is just cotton paper and metal. The only thing that keeps the system going is the promise of people to pay back their debt (loans, etc.). That's all that adds value to money, besides the fact that people want to use it, generally, as a means of exchange instead of carrying around goats and seed. The minute that the US as a whole decides that the dollar is no longer accepted, but the "worldo" is, then the dollar is WORTHLESS. That's exactly what China is worried about since they own 70% of our debt. Btw, you still didn't answer me question... Sudeep: C'est vrai ça??? Je le savais pas... 91 Euros chaque jour pour des fleurs de merde? C'est pour ça que quand j'étais à Paris, j'ai vu beaucoup de fleurs. LOL!!!! Bon, j'ai une vidéo pour toi, tu vas t'amuser beaucoup avec celle-ci. Souviens-toi que quand on vole de la musique, on vole la président de la république!!! C'est de ces fonds dont les fleures viennent. http://www.youtube.com/watch?v=yVzmbDziloU
Current Events - 7 Answers
Random Answers, Critics, Comments, Opinions :
1 :
money is not real We are moving towards one world government and there is nothing anyone can do about it. Try not to worry yourself so much Edit: OK OK, My answer to your question IS that Obama is a puppet, not a real leader and the United States is no longer a sovereign nation. Doesn't he seem a little... I don't know...FAKE to you? He does to me. But hey, what do I know, I'm mentally ill and love conspiracy theories. Everything is a conspiracy to me.
2 :
I am eagerly waiting for the pimpmobile to come out of the garage and Mr. O showing up in a Zoot suit.
3 :
Well, I'm sure he'd want to outdo Sarkozy and Carla Bruni. They spend about 660 Francs on flowers each daily.
4 :
Because to him its all "change"
5 :
I agree it's a slippery slope. I think we desperately need the changes that are being pushed by his administration, but I think it's a bit ridiculous that he's trying to find funding for this without raising taxes. Nobody likes taxes, but if it means vastly improved education and healthcare in this country, I'd happily pay them. I was hoping that Obama would minimize spending at least for a little while, so we could start paying back some of the money we owe to other nations, but that was just selfish optimism, and I didn't think he'd actually do it. Nevertheless, you're right. This is putting the economy on the line, and it's unhealthy. But accruing this amount of debt in the first place was avoidable, yet our warmongering former president made it happen anyway.
6 :
Guess what, that's the change he was talking about when you guys voted for him. He is nothing but a liar. I have not seen anything positive since hes been in office. and about that healthcare program he was talking about... its stupid. I suggest we vote him out of office next term.
7 :
Because He wants to be like Ronald Reagan was in Genesis' Land of Confusion maybe Lady GaGa will have something for him and Michelle in the Near Future. Stay Tuned


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