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Whoever wakes up in the White House after the inauguration ball will have to soberly confront the ugly reality of US government's debt levels, whichtotals about $US16 trillion ($15.4 trillion). The US Treasury estimates this will rise to about $US20 trillion by 2015, more than America's GDP.
There are other current and contingent commitments not explicitly included in the debt figures: US government support for Freddie Mac and Fannie Mae, government-sponsored enterprises of more than $US5 trillion, and unfunded obligations of more than $US65 trillion for programs such as Medicare, Medicaid and Social Security. US state governments and municipalities have more debt, about $US3 trillion.
Whoever wins the election will preside over an America drowning in debt, and it probably will be Obama, who will be elected by that section of the electorate most dependent on handouts.
Drowning in debt: US crisis lurches closer
http://www.theaustralian.com.au/opi...s-lurches-closer/story-e6frg6ux-1226504863718
He and Romney the same MO?
Obama has well established dialogue and consultation in all corners of the world -- even Iran.
He has gathered coalitions so that the US is not seen as world police. Economic sense for them!
http://www.youtube.com/watch?v=71cstPjOt68&feature=colike
In the meantime, former Democrat president Bill Clinton has stepped into Mr Obama's shoes as his surrogate on the campaign trail, not encumbered by worries about exploiting a national disaster. elsewhere.
My exact thought earlier today.
Never mind, wayne. Last election it went on for months. There are now only days to go.
I ask you.
What is the point of a thread without information and consequent projection or a challenged refutation?
Julia, your nasty comments are the reason I removed myself from this site a few years ago.
They are not opinions but personal attacks.
Departing comment from me: Woohooo!!
I won't be back. Sorry Joe.
Doris, your presence on ASF, a stock forum, seemed to be with the sole purpose of posting lengthy testimonials to your adoration of Barack Obama. Whilst no one would want to deprive you of your worship, it became a bit tiresome after a while.
And sadly, he has not turned out to be the saviour of the US that you would have had people believe.
Good to have something to believe in, however. I wish you all the best.
Doris, your presence on ASF, a stock forum, seemed to be with the sole purpose of posting lengthy testimonials to your adoration of Barack Obama. Whilst no one would want to deprive you of your worship, it became a bit tiresome after a while.
And sadly, he has not turned out to be the saviour of the US that you would have had people believe.
Good to have something to believe in, however. I wish you all the best.
Obama wins a second term and the first result is the biggest single day loss, (300+ points down), in the stock market in over a year?????? FAIL
If you voted for this moron in 2008 to prove you weren't a racist... good for you....... you had a chance to vote for someone else in 2012 to prove you aren't an idiot and you didn't??? FAIL
God help us all......... in four years the Spam we are all eating will come with duck sauce and a fortune cookie................. FAIL
Just a view from an American bro:
Disclaimer: I refuse to confirm or deny whether I agree with this.
But I suspect the next four years will be as disappointing as the last.
Good grief Wayne, has your mate forgot what a complete and utterly incompetent waste of oxygen GWB was? He managed to rack up a massive war bill and supervised a corruption binge by the banks the likes has never been seen before.
Let face it, in global politics there are hardly any stunning leaders anymore...this, during the times of the most challenging financial circumstances in history when the world truly needs some inspiring leadership.
I think Bart Simpson:bart: would make a better President than either!
CanOz
Good grief Wayne, has your mate forgot what a complete and utterly incompetent waste of oxygen GWB was? He managed to rack up a massive war bill and supervised a corruption binge by the banks the likes has never been seen before. CanOz
funny though how obama was elected with a clear mandate (& promised) to go after the corrupt bankers/corporations/financial parasites but (besides the token small fry sacrifice of bernie madoff) FAILED TO DO A DAMN THING, not one corporate pirate did he bring to justice! and to add insult to injury he filled his staff with the very goldman sachs cronies who were up to their eyeballs in engineering the removal of the safeguards (glass/steagal etc) that directly led to the GFC,
and obama not only continued but increased GWBs warmongering ways, in the process racking up an even bigger national deficit than even dumb-ass dubya did! nothing to be proud of there i'm afraid!
You are, of course, completely ignoring any criticism I offered of the Republican candidate. It only matters to you to sycophantically defend your chosen left bias.Unnecessarily mean IMO Julia. Nice touch at teh end but even that seemed patronising..
Honestly, I think Barack Obama is miles ahead in terms of intellect, capacity, and integrity compared to anyone the Republicans could throw up.
However on this forum it doesn't surprise me one iota that the large majority of members see him as a across between Osma Bin Laden and Hitler (to exaggerate ever so slightly). And as Doris points out having a POV left of Genghis Khan here is attacked so comprehensively you can't feel welcomed.
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