60 minutes = $188 million in new debt

[Faldur]

Since this thread began just 4 days ago, with our government continuing to do nothing, we have borrowed another $18.05 billion dollars on our children's credit card.

[trish]

One hour from this post the S&P rating for U.S. currency will be triple A.
One hour after that the S&P rating for U.S. currency will be triple A.
This will continue until Boehner fails to lead the house to increase the debt cieling.

[Faldur]

Exactly. Remember the running costs of two wars never were included in the budget numbers during the Bush years. (And the cost of two wars over two terms was over a trillion, not 158 billion http://costofwar.com/en/ ).

Trish, read the obama 2011 budget. $158 billion is allotted for the Iraqi and Afghani wars. So again I ask how does $158 billion create a 36% increase? Da math don't add up sweetie.

It is clearly not the wars that are driving up the buget. It out of control social spending.

[Faldur]

One hour from this post the S&P rating for U.S. currency will be triple A.
One hour after that the S&P rating for U.S. currency will be triple A.
This will continue until Boehner fails to lead the house to increase the debt cieling.

No ceiling increase without dollar for dollar spending reduction. Maybe you liberals should have taken care of this stuff while you controlled all three branches.

[hippifried]

No ceiling increase without dollar for dollar spending reduction. Maybe you liberals should have taken care of this stuff while you controlled all three branches.

Oh... & uh... When was that again? Not in my lifetime if I'm not mistaken. In fact, the only time period I can think of in the last 60 years, where one party controlled all 3 branches, was Republicans 2001 - 2006. Oh boy. We really thrived then, didn't we?

[trish]

when President George W. Bush took office, our national debt was $5.768 trillion. By the time Bush left office, it had nearly doubled, to $10.626 trillion. Dispute these numbers...you can't.

Faldur disputes them, take it up with him. He doesn't believe it was anywhere near an 84% increase...though since I showed him the arithmetic he hasn't said anything about it.

Faldur, the Bush administration put the war on the China Charge Card, but failed to put in the budget. The whole cost of the two wars was not reported in the budget for the entirety of the Bush administration. That money, which we borrowed from China, is finally listed in the budget. It's not going to be labeled "for the war" six years later when it shows up in Obama's budget, it's going to be labeled "debt to China". The 158 billion is the cost of the ongoing war effort. Sheesh.

The amount we borrowed is about a trillion dollars. So the actual debt at the end of the Bush administration was more like 11.626 billion instead of 10.626. So the debt increase under Obama is 21%. Even though the debt rose it's possible the rate of the rate of debt growth is now negative.

http://costofwar.com/en/

[Faldur]

Oh... & uh... When was that again? Not in my lifetime if I'm not mistaken. In fact, the only time period I can think of in the last 60 years, where one party controlled all 3 branches, was Republicans 2001 - 2006. Oh boy. We really thrived then, didn't we?

Pre-election 2010? Remember obamacare? "We must pass the bill to find out whats in it"? That magical tag team of pelossi, reed, and obama?

If the budget was something your party cared about they should have passed it last year like they were supposed to. And if the debt ceiling was something they were passionate about, likewise they should have passed it when they had control of all three branches of government.

[Faldur]

The 158 billion is the cost of the ongoing war effort. Sheesh.

The point, which was made a few days, (and about $9 billion in borrowed funds ago), was questioning Hippi's response that the $1 trillion increase in the annual budget was due to the ongoing obama wars being included in the budget.

Another $22.56 billion borrowed on our magical visa, (since the thread began), on the good side only another 36 hours before we max the card out and the reality of our deeds sets in.

[hippifried]

Pre-election 2010? Remember obamacare? "We must pass the bill to find out whats in it"? That magical tag team of pelossi, reed, and obama?

Wrong again. Wrong still would probably be more accurate. Do you even know what a branch is? I'm thinking not. You're confused. You don't know what you're talking about because you're a parrot. This makes it even more obvious for the fact that this same mistake got made months ago & was never corrected in the lame emails that get sent around the list of gullibles. Typing out talking points word for word (mistakes & all) is the same as pasting. So get back on your high horse when or if you ever come up with an original thought.

If the budget was something your party cared about they should have passed it last year like they were supposed to. And if the debt ceiling was something they were passionate about, likewise they should have passed it when they had control of all three branches of government.

More know-nothing bullshit. Replete with the same dumbshit mistake. Repeating a lie over & over & over doesn't make it into a truth. It just makes you a redundant liar. You can't actually create a meme while it's being actively challenged, & this crap is never going to be given a free ride. You don't know what you're talking about. At first I thought you just didn't understand the math & accounting methodology, but now I'm convinced that you don't understand any of the shit you repeat. You don't even remember 8th grade civics. Have you gotten that far in school yet? Another unwitting dupe. Go hang some teabags from your ears.

[Faldur]

Wrong again. Wrong still would probably be more accurate. Do you even know what a branch is?

My bad, your are correct sir. "Branch" was the wrong term to use. Although I would argue the court is stacked in your favor. My apologies..