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Liberty News ForumLNF Forums HereEconomics, Financial News › Remember when people were screaming about that stock market meltdown a few months ago
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Very Hot Topic (More than 25 Replies) Remember when people were screaming about that stock market meltdown a few months ago (Read 9,256 times)
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Re: Remember when people were screaming about that stock market meltdown a few months ago
Reply #10 - Mar 17th, 2016 at 5:03pm
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out of here for good wrote on Mar 17th, 2016 at 4:49pm:
Debt – The U.S. government’s debt owed to the public has more than doubled. It is now more than $13.6 trillion, an increase of 116 percent since Obama first took office.

Total debt, counting money the government owes to itself, currently stands at nearly $18.9 trillion, up nearly 78 percent under Obama. Tongue

  


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Re: Remember when people were screaming about that stock market meltdown a few months ago
Reply #11 - Mar 17th, 2016 at 5:17pm
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Greg55_99 wrote on Mar 17th, 2016 at 4:45pm:
So what's your guess?

Me, I'm all right Jack...

Greg Wink


Spoken like a true self-centered lib.
  
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Re: Remember when people were screaming about that stock market meltdown a few months ago
Reply #12 - Mar 17th, 2016 at 5:18pm
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TowardLiberty wrote on Mar 17th, 2016 at 4:54pm:
Both.

I remember it happening and us discussing it.

I also remember making a prediction that it would happen in Oct of 2015- I was off by about 2 months.


that was a meltdown?
  

non sumus stulti
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Re: Remember when people were screaming about that stock market meltdown a few months ago
Reply #13 - Mar 17th, 2016 at 5:21pm
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EF wrote on Mar 17th, 2016 at 4:49pm:
Well, now, I am not going to sneeze at anything measured in trillions.  That's a big number.  But when a business looks at a balance sheet, it doesn't only look at its liabilities.  It looks at its assets, too.  The national assets probably do not run to $17 trillion, but surely the value of all the property (land, buildings aircraft carriers, airplanes, you name it) is not an insignificant figure. 

Plus, the real measure of a nation's debt is how it relates to GDP.  Ours is above 100%, but it's not the first time.  The first time was at the end of WWII.  And that percentage was worked down during some pretty good years, years during which the top marginal tax rate was a lot higher than it is now.  Now, some would argue economic growth, which did occur, would have been greater with lower tax rates. And that might be true.  But the percent of national debt to GDP would not have dropped nearly as much, if at all. 

This debt is manageable.  How do I know?  Because we've managed it before.  But tax cuts ain't the answer to managing it.

The debt is not managable ad we have never had a 19 trillion dollar debt and that does not include our total debt of over 64 trillion dollars when you include unfunded liabilities.  In just a few more years our debt to GDP will be over 100%, which means we will only be paying the interest.  That means we are broke.

http://www.usdebtclock.org/
  


"Without morals a republic cannot subsist any length of time; they therefore who are decrying the Christian religion, whose morality is so sublime and pure (and) which insures to the good eternal happiness, are undermining the solid foundation of morals, the best security for the duration of free governments."

Charles Carroll, signer of the DOI
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Re: Remember when people were screaming about that stock market meltdown a few months ago
Reply #14 - Mar 17th, 2016 at 5:23pm
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Seawolf wrote on Mar 17th, 2016 at 5:21pm:
The debt is not managable ad we have never had a 19 trillion dollar debt and that does not include our total debt of o  ver 64 trillion dollars.  In just a few more years our debt to GDP will be over 100%, which means we will only be paying the interest.  That means we are broke.

http://www.usdebtclock.org/


We're already in a situation where debt is more than GDP, just like we were at the end of WWII.   And we managed it then. We can manage it now.  But not when the solution to every issue is to "cut taxes."
  

non sumus stulti
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Re: Remember when people were screaming about that stock market meltdown a few months ago
Reply #15 - Mar 17th, 2016 at 5:24pm
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Spoken like a true self-centered lib.


F*ckin' A.  I got mine, get yours.  Don't whine to me if you missed the multitude of opportunities to improve your life and financial situation since Obama hit town.  If you want to cry the blues, do it on YOUR own time.  Me, I'm doin' just fine.

Greg
  

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Re: Remember when people were screaming about that stock market meltdown a few months ago
Reply #16 - Mar 17th, 2016 at 5:25pm
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Seawolf wrote on Mar 17th, 2016 at 5:21pm:
The debt is not managable ad we have never had a 19 trillion dollar debt and that does not include our total debt of over 64 trillion dollars when you include unfunded liabilities.  In just a few more years our debt to GDP will be over 100%, which means we will only be paying the interest.  That means we are broke.

http://www.usdebtclock.org/

Actually, unfunded liabilities is 101 trillion when it's included according to the Debt Clock.
  


"Without morals a republic cannot subsist any length of time; they therefore who are decrying the Christian religion, whose morality is so sublime and pure (and) which insures to the good eternal happiness, are undermining the solid foundation of morals, the best security for the duration of free governments."

Charles Carroll, signer of the DOI
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Re: Remember when people were screaming about that stock market meltdown a few months ago
Reply #17 - Mar 17th, 2016 at 5:27pm
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Seawolf wrote on Mar 17th, 2016 at 5:25pm:
Actually, unfunded liabilities is 101 trillion when it's included according to the Debt Clock.


We're doomed.  Woe is we.
  

non sumus stulti
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Re: Remember when people were screaming about that stock market meltdown a few months ago
Reply #18 - Mar 17th, 2016 at 5:29pm
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Greg55_99 wrote on Mar 17th, 2016 at 5:24pm:
F*ckin' A.  I got mine, get yours.  Roll Eyes Don't whine to me if you missed the multitude of opportunities to improve your life and financial situation since Obama hit town.  If you want to cry the blues, do it on YOUR own time.  Me, I'm doin' just fine.

Greg



Don't worry about me Skippy.  I'm sure that I could buy and sell a chump like you.  No matter anyway.  You're still a self-centered lib asshole living up to what I just said and repeating it.


Why don't you tell us what exactly Obama did to add to your wealth.  And don't be a weasel and say the stock market is up due to him.  Keep in mind that you brought up Obama, not me.
« Last Edit: Mar 17th, 2016 at 5:36pm by »  
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Re: Remember when people were screaming about that stock market meltdown a few months ago
Reply #19 - Mar 17th, 2016 at 5:36pm
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EF wrote on Mar 17th, 2016 at 5:27pm:
We're doomed.  Woe is we.

I know, it's fun to spend our children and grandchildren's future!   Cheesy   Live large and let them pay off our debt long after we are gone.  Spend while the spending is good I say.
  


"Without morals a republic cannot subsist any length of time; they therefore who are decrying the Christian religion, whose morality is so sublime and pure (and) which insures to the good eternal happiness, are undermining the solid foundation of morals, the best security for the duration of free governments."

Charles Carroll, signer of the DOI
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