punked Posted July 18, 2011 Report Share Posted July 18, 2011 Hmmm seems like obama will spend more than all 43 other presidents combined when his term is up. What's even funnier is that romney who stated this got a pass from politifact. Welcome to inflation every president spends more then the last one. Maybe not Clinton but almost every other one in the last 100 years. Quote Link to comment Share on other sites More sharing options...
Guest American Woman Posted July 18, 2011 Report Share Posted July 18, 2011 Hmmm seems like obama will spend more than all 43 other presidents combined when his term is up. What's even funnier is that romney who stated this got a pass from politifact. Really? Perhaps you could post the figures that suggest such a thing. You'll have to forgive me if I don't just take Mitt Romney's word for it. Quote Link to comment Share on other sites More sharing options...
blueblood Posted July 18, 2011 Report Share Posted July 18, 2011 Welcome to inflation every president spends more then the last one. Maybe not Clinton but almost every other one in the last 100 years. More than all 43 combined??? Quote Link to comment Share on other sites More sharing options...
Guest American Woman Posted July 18, 2011 Report Share Posted July 18, 2011 More than all 43 combined??? I'm still waiting for the figures. Or did you just repeat the ludicrous claim without any verification? Quote Link to comment Share on other sites More sharing options...
Smallc Posted July 18, 2011 Report Share Posted July 18, 2011 The debt may increase mure under Obama than all other presidents....that's possible. That isn't even close to entirely his fault though. Quote Link to comment Share on other sites More sharing options...
Sir Bandelot Posted July 18, 2011 Report Share Posted July 18, 2011 Nope. http://www.cbc.ca/news/canada/story/2005/11/15/pension-surplus20051115.html Quote Link to comment Share on other sites More sharing options...
blueblood Posted July 18, 2011 Report Share Posted July 18, 2011 Really? Perhaps you could post the figures that suggest such a thing. You'll have to forgive me if I don't just take Mitt Romney's word for it. My bad, its accrue more debt than all 43 presidents combined. However that's an accomplishment itself. From politifact http://www.politifact.com/truth-o-meter/statements/2011/jul/10/mitt-romney/mitt-romney-says-barack-obama-will-add-more-debt-4/ Its mostly true because obama hasn't completed his term and there are goalposts to what consitutes a term in fiscal means. However 2 of 3 goalposts checked out. Seems like romney and the gop have some ammo at their disposal. I figured if I made a bold statement like that I'd be called on it. Quote Link to comment Share on other sites More sharing options...
Guest American Woman Posted July 18, 2011 Report Share Posted July 18, 2011 My bad, its accrue more debt than all 43 presidents combined. However that's an accomplishment itself. From politifact http://www.politifact.com/truth-o-meter/statements/2011/jul/10/mitt-romney/mitt-romney-says-barack-obama-will-add-more-debt-4/ Your link doesn't even confirm that statement. Quote Link to comment Share on other sites More sharing options...
blueblood Posted July 18, 2011 Report Share Posted July 18, 2011 Your link doesn't even confirm that statement. Don't shoot the messenger. Politifacts title "mitt romney says barack obama will add more debt than 43 prior presidents". They rated his claim mostly true, which I said. Then they showed their calculations under 3 scenarios which showed true for 2 of 3. Its true enough for romney to use on his campaign. What's even funnier was that the romney campaign used the claim from politifact checking out another republican claim. Quote Link to comment Share on other sites More sharing options...
Smallc Posted July 18, 2011 Report Share Posted July 18, 2011 http://www.cbc.ca/news/canada/story/2005/11/15/pension-surplus20051115.html Usually a link is designed to help your own point, not mine. Quote Link to comment Share on other sites More sharing options...
Guest American Woman Posted July 18, 2011 Report Share Posted July 18, 2011 Don't shoot the messenger. You made the claim: Hmmm seems like obama will spend more than all 43 other presidents combined when his term is up. Hardly "shooting the messenger" since you were speaking for yourself in that post. Politifacts title "mitt romney says barack obama will add more debt than 43 prior presidents". They rated his claim mostly true, which I said. Then they showed their calculations under 3 scenarios which showed true for 2 of 3. Its true enough for romney to use on his campaign. What's even funnier was that the romney campaign used the claim from politifact checking out another republican claim. No, it's not "true enough" for Romney to use in his campaign. Such a statement is either true or it isn't. Only time will tell if it's true or not. Quote Link to comment Share on other sites More sharing options...
msj Posted July 18, 2011 Report Share Posted July 18, 2011 Usually a link is designed to help your own point, not mine. Awww, Sir B doesn't know the difference between a public pension and the CPP. Quote Link to comment Share on other sites More sharing options...
Sir Bandelot Posted July 18, 2011 Report Share Posted July 18, 2011 Usually a link is designed to help your own point, not mine. If you want to nit-pick on a word, that's up to you. But arguing over it is a waste of time, and it detracts from any useful discussions. Quote Link to comment Share on other sites More sharing options...
Sir Bandelot Posted July 18, 2011 Report Share Posted July 18, 2011 Awww, Sir B doesn't know the difference between a public pension and the CPP. I wrote my initial comment purely from memory. That's going back over ten years and my only mistake is using the word "Canada". Anyway, small error on my part, but the rest of what I said is true and I didn't need to look it up to know what I meant to say. Agreed that Martin's financial reforms have put us in the favourable position we are in today. Some of this has now been undone by the current government. But more to the point, Martin also used surplus money from the Canada Pension Plan and Employment Insurance to pay off the national debt. Some criticized him for doing this, but the results stand for themselves. I'm not sure if such an option is even available to the United States. Also seems to me that their level of government services has always been leaner than ours, being as we come from a socialist background. Example, healthcare. Martin downloaded responsibility for health care finances to the provinces. Quote Link to comment Share on other sites More sharing options...
blueblood Posted July 18, 2011 Report Share Posted July 18, 2011 You made the claim: Hardly "shooting the messenger" since you were speaking for yourself in that post. No, it's not "true enough" for Romney to use in his campaign. Such a statement is either true or it isn't. Only time will tell if it's true or not. Your right at first, I made the error of saying spend instead of accrue debt, which I clarified when I posted the link. Oops!! However one guy racking up as much debt as 43 others isn't good. Politifact gave the statement the mostly true judgement based on obama"s term not done yet and on the goalposts. Given the info availible, romney isn't lying when he's making that claim. Quote Link to comment Share on other sites More sharing options...
dre Posted July 18, 2011 Report Share Posted July 18, 2011 Your right at first, I made the error of saying spend instead of accrue debt, which I clarified when I posted the link. Oops!! However one guy racking up as much debt as 43 others isn't good. Politifact gave the statement the mostly true judgement based on obama"s term not done yet and on the goalposts. Given the info availible, romney isn't lying when he's making that claim. The problem is that this is a trend that spans multiple administrations. Reagan borrowed as much money as all previous administrations combined as well. So did Bush. Obama probably will as well. But focusing on one personality is a recipe for missing the point, since all administrations do essentially the same thing. Quote Link to comment Share on other sites More sharing options...
punked Posted July 18, 2011 Report Share Posted July 18, 2011 More than all 43 combined??? You made that up. It doesn't even come close to being a sensible claim. Seriously how dumb do you think the people on this message board are? Quote Link to comment Share on other sites More sharing options...
punked Posted July 18, 2011 Report Share Posted July 18, 2011 The problem is that this is a trend that spans multiple administrations. Reagan borrowed as much money as all previous administrations combined as well. So did Bush. Obama probably will as well. But focusing on one personality is a recipe for missing the point, since all administrations do essentially the same thing. See this is what I was saying then he jumped down my throat and made something up to make himself seem right. Than he started arguing that point even though he already changed his story when he figured out I was right. Quote Link to comment Share on other sites More sharing options...
blueblood Posted July 18, 2011 Report Share Posted July 18, 2011 You made that up. It doesn't even come close to being a sensible claim. Seriously how dumb do you think the people on this message board are? See above where I said I goofed on the claim and clarified it. Quote Link to comment Share on other sites More sharing options...
Smallc Posted July 18, 2011 Report Share Posted July 18, 2011 If you want to nit-pick on a word, that's up to you. But arguing over it is a waste of time, and it detracts from any useful discussions. It's a very important distinction. The CPP is managed by a board, and is virtually untouchable. Public pensions...not so much. Quote Link to comment Share on other sites More sharing options...
punked Posted July 18, 2011 Report Share Posted July 18, 2011 See above where I said I goofed on the claim and clarified it. Yah that is not really the problem. The problem was you used that claim to justify what you said much before that which was another wrong statement. Quote Link to comment Share on other sites More sharing options...
blueblood Posted July 18, 2011 Report Share Posted July 18, 2011 See this is what I was saying then he jumped down my throat and made something up to make himself seem right. Than he started arguing that point even though he already changed his story when he figured out I was right. Using my numbers obama will approximately rack up 6 trillion dollars of debt. Which was more than all 43 presidents combined. Now if bush jnr. Did that which he probably did because he sucked at money management as well, bush jnr would have racked up 3 trillion in debt. Now bush jnr had 2 terms and these numbers are projected for 1 obama term. Ill stand by my claim that obama is spending like a drunken sailor. Quote Link to comment Share on other sites More sharing options...
Smallc Posted July 18, 2011 Report Share Posted July 18, 2011 (edited) You do undertand that much of this has to do with a) two wars, and B ) a global recession. It isn't as if another president would have deficits that were much, if any, smaller. Edited July 18, 2011 by Smallc Quote Link to comment Share on other sites More sharing options...
blueblood Posted July 18, 2011 Report Share Posted July 18, 2011 Yah that is not really the problem. The problem was you used that claim to justify what you said much before that which was another wrong statement. The only thing I goofed on was saying spend instead of rack up debt. And if you would read when I posted my link I said I goofed right away. Everything else was backed up by my site which says mostly true. Quote Link to comment Share on other sites More sharing options...
punked Posted July 18, 2011 Report Share Posted July 18, 2011 The only thing I goofed on was saying spend instead of rack up debt. And if you would read when I posted my link I said I goofed right away. Everything else was backed up by my site which says mostly true. Yah but you used it as a response to my post where I said due to inflation that is true of all presidents save Clinton. Quote Link to comment Share on other sites More sharing options...
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