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The Water Cooler
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The U.S. Govenment is Conducting a Ponzi Scheme
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<blockquote data-quote="Ace_on_the_Turn" data-source="post: 2671435" data-attributes="member: 27417"><p>"On Obama’s watch, debt as a share of GDP rose far faster than it did during any prior presidency. But if you look at the current amount of debt compared to where he started, the rise was not as fast as it was under Reagan and the elder Bush, two Republican predecessors. And while presidents bear some responsibility for debt accumulation, much of the equation -- economic and demographic changes and the consequences of prior president’s actions, in particular -- is out of their control."</p><p></p><p>There are some on this board that should be required to get that tattooed on their forehead.</p><p></p><p>Many act like the debt is a 100 yard dash, and everyone should be timed the same. The fact is, when the gun went off Bush was carrying a few pounds of added weight. When Obama started the race, he was dragging a few hundred pounds behind him.</p></blockquote><p></p>
[QUOTE="Ace_on_the_Turn, post: 2671435, member: 27417"] "On Obama’s watch, debt as a share of GDP rose far faster than it did during any prior presidency. But if you look at the current amount of debt compared to where he started, the rise was not as fast as it was under Reagan and the elder Bush, two Republican predecessors. And while presidents bear some responsibility for debt accumulation, much of the equation -- economic and demographic changes and the consequences of prior president’s actions, in particular -- is out of their control." There are some on this board that should be required to get that tattooed on their forehead. Many act like the debt is a 100 yard dash, and everyone should be timed the same. The fact is, when the gun went off Bush was carrying a few pounds of added weight. When Obama started the race, he was dragging a few hundred pounds behind him. [/QUOTE]
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The U.S. Govenment is Conducting a Ponzi Scheme
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