Linked by David Adams on Fri 29th Jul 2011 03:15 UTC
In the News Apple is now more liquid than the United States government, the Financial Post reports. As the government struggles to resolve the debt ceiling debate, the operating balance in Washington is at US$73.768 billion and falling. Meanwhile, Apple has US$75.876 billion.
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RE: Comment by Jennimc
by Radio on Fri 29th Jul 2011 08:02 UTC in reply to "Comment by Jennimc"
Radio
Member since:
2009-06-20

When a government gets this big and accrues this much debt in such a short amount of time you know its doing something extremely wrong.
Are you talking about the Reagan years or the W.Bush years?

Reply Parent Score: 4

RE[2]: Comment by Jennimc
by DavidM on Fri 29th Jul 2011 12:51 in reply to "RE: Comment by Jennimc"
DavidM Member since:
2006-06-29

Sorry no. Since the Dems took office in 2007 the debt has increased 40%. The GOP spent but compared to the 2007-2010 gang they were pikers.

Last GOP budget: 170 billion dollar deficit ( 2006-2007 )
Last Dem budget: 1.7 TRILLION ( 2007-2008 )

Reply Parent Score: 2

RE[3]: Comment by Jennimc
by Radio on Fri 29th Jul 2011 14:42 in reply to "RE[2]: Comment by Jennimc"
Radio Member since:
2009-06-20

Yeah, nice comparison between the deficit made by the GOP during a period of huge economic growth (which turned out to be a bubble) and the the deficit made by the Democrats while trying not to have millions of US citizens turned into homeless beggars in the worst economic downturn in history. Bastard Democrats, such a gang of thugs.

http://i.imgur.com/lKJXT.png

Reply Parent Score: 3

RE[3]: Comment by Jennimc
by David on Fri 29th Jul 2011 18:49 in reply to "RE[2]: Comment by Jennimc"
David Member since:
1997-10-01

You should check out this chart, and some of the other reporting that James Fallows has been doing on this very topic:

http://www.theatlantic.com/politics/archive/2011/07/the-chart-that-...

And this chart:

http://www.nytimes.com/imagepages/2011/07/24/opinion/sunday/24edito...

Reply Parent Score: 3

RE[3]: Comment by Jennimc
by porcel on Sat 30th Jul 2011 17:16 in reply to "RE[2]: Comment by Jennimc"
porcel Member since:
2006-01-28

Bullshit numbers pulled out of nowhere.

http://www.nytimes.com/interactive/2011/07/28/us/charting-the-ameri...

Look at the real numbers and who got the US into its current situation.

Obama just inherited from war-happy Bush a huge national deficit blown out of all proportion caused by its overextended military presence abroad and its fiscal policy of taxing the middle class and the poor while giving huge tax breaks to the very rich.

Of course, Obama had to spend to try to get the US out of the worst financial crisis since the Great Depression. But do not forget that this crisis was caused by a financial sector run amok during the Bush years due to lack of regulation. The current situation is the great legacy of the Republican party and the Bush presidency.

Those are the COLD HARD FACTS.

Edited 2011-07-30 17:17 UTC

Reply Parent Score: 4