General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHow do you stop a runaway train?
Politicians keep saying that we are going to have a "trainwreck'? We simply cannot afford to run this huge debt and deficits. Barack Obama wants to raise the debt limit by another trillion dollars.
What would our debt be if there had been a Republican in the White House for the last five years?
The debt train was going full speed when Barack Obama took office. It was impossible to stop on a dime. Tons and tons of steel had to be gradually slowed down.
George W Bush, with the TARP bailout, handed Barack Obama a deficit of 1.2 trillion dollars when he walked out the door. That ran our debt up to almost $11 trillion dollars and the train was gaining speed. There was no way to slow it down.
It would have been nice to simply put on the brakes and bring it to an immediate stop but it was not possible. The speed of the debt kept increasing until it is now over $17 trillion dollars. But the train has slowed down. The Republicans would like people to believe that the problem they created could have been fixed without running up another dollar of debt. They are insane.
spanone
(135,857 posts)it's a non-issue when republicans rule.
C_U_L8R
(45,014 posts)FarCenter
(19,429 posts)seveneyes
(4,631 posts)You need to get ahead of it first.
clydefrand
(4,325 posts)then BLOW IT UP.
hootinholler
(26,449 posts)daleo
(21,317 posts)If recent history is a guide.
As I recall, this runaway train was stopped and reversed during the late 90's, under Clinton. Bush started it back up, via tax breaks to the rich and a healthy dollop of war.
kentuck
(111,107 posts)It can make a big mess.