 OldOllie
Male, 50-59, Midwest US
 8953 Posts
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Saturday, January 05, 2013 8:13:36 PM
Federal debt HELD BY THE PUBLIC...
There's the rub right there. About 3/4 of Obama's debt is being bought by the Federal Reserve with money that they create out of thin air. That's how they keep interest rates so low and why commodity prices are going through the roof.
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 Gerry1of1
Male, 50-59, Western US
26255 Posts
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Saturday, January 05, 2013 8:12:28 PM
Very interesting. You can certainly tell many stories with statistics. Yet,none of them tell the whole story. |
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 Dead-Kittens
Male, 30-39, Canada
870 Posts
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Saturday, January 05, 2013 7:50:44 PM
no '1 chart' will define the policies of a nation.. thats like looking at a broken feather and assuming the bird is dead. |
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 Rodin
Male, 30-39, Canada
66 Posts
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Saturday, January 05, 2013 7:16:48 PM
GDP is also a very flawed way of judging how well a countries economy does. When major natural disasters happen the GDP actually rises. There is a dip in 2005 -- that has a lot to do with hurricane Katrina. |
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 SarahofBorg
Female, 18-29, Eastern US
3548 Posts
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Saturday, January 05, 2013 7:09:13 PM
Just because the debt goes up or down during a presidential term doesn't mean it's a direct correlation. Issues that cause debt to rise can happen long before it actually rises. |
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 AntEconomist
Male, 40-49, Eastern US
174 Posts
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Saturday, January 05, 2013 7:06:18 PM
If you want to see total debt as a fraction of GDP for various presidents (back to Eisenhower), see page 20 here:
http://tinyurl.com/acyszth
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AntEconomist
Male, 40-49, Eastern US
174 Posts
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Saturday, January 05, 2013 7:03:02 PM
The chart is only showing the portion of the federal debt that is held by the public. The total federal debt outstanding is over 100% of GDP today. Debt outstanding includes money the government has borrowed from the Social Security and Medicare trust funds. Politicians ignore this additional amount saying that it is "money the government owes itself." That is incorrect. It is money the government owes future retirees. The only way you can ignore it is to admit that the government intends to allow Social Security and Medicare to go bankrupt. |
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 SmagBoy1
Male, 40-49, Southern US
2809 Posts
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Saturday, January 05, 2013 7:01:27 PM
I think the graph says whatever it says, regardless of what it says, because of Obama. And liberals. And Muslims. And taking God out of schools. And abortions. And people trying to pry our guns from our cold, dead hands. And welfare. And Obamacare. And ACORN! And, the French, too, probably, those bastards! |
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 FoolsPrussia
Male, 18-29, Western US
2992 Posts
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Saturday, January 05, 2013 6:58:49 PM
Both those big spikes are due to stimulative measures to boost a crap economy and war spending. |
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 Scuzoid
Male, 30-39, Western US
1270 Posts
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Saturday, January 05, 2013 6:36:16 PM
I don't care about the table. I appreciate Jacos, Lando, and Fehz for the laugh. |
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 McThstlpnts
Female, 18-29, Southern US
832 Posts
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Saturday, January 05, 2013 6:35:41 PM
The deficit always goes up in when at war. |
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 turdburglar
Male, 30-39, Western US
1955 Posts
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Saturday, January 05, 2013 6:32:30 PM
jacos27 - percentage of gdp. Clear as can be. |
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 Fehz
Male, 30-39, Eastern US
553 Posts
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Saturday, January 05, 2013 6:28:45 PM
what does the 50 and 100 stand for? Um.. Percentage of gdp? Like maybe how it says percentage at the top? I'm going to go drool for a few minutes now. |
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 LandoGriffin
Male, 30-39, Western US
4338 Posts
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Saturday, January 05, 2013 6:26:02 PM
@jacoswhat does 50 and 100 refer to?
Percentage of Gross Domestic Product. Reading comprehension is not only fun, it is educational! |
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 5Cats
Male, 40-49, Canada
17496 Posts
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Saturday, January 05, 2013 6:16:45 PM
And it's getting worse, not better, keep that in mind.
Taxes UP, spending UP = debt and deficit UP! |
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 jacos27
Male, 18-29, Eastern US
228 Posts
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Saturday, January 05, 2013 6:13:19 PM
source? what does 50 and 100 refer to? I mean seriously, be transparent before posting bull like this. |
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MrJB
Male, 18-29, Eastern US
48 Posts
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Saturday, January 05, 2013 6:13:05 PM
Yeah FDR was a pooty president. |
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Andrew155
Male, 18-29, Eastern US
1208 Posts
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Saturday, January 05, 2013 6:00:49 PM
Link: The U.S. National Debt And The Presidents [Pic] [Rate Link] - No political statement here. Analyze it for yourself. |
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