Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

kentuck

(111,107 posts)
Sun Oct 6, 2013, 01:14 PM Oct 2013

How 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.

8 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
How do you stop a runaway train? (Original Post) kentuck Oct 2013 OP
if a republican were in office the last five yrs. the word 'deficit' would never have been uttered. spanone Oct 2013 #1
Republican Genius C_U_L8R Oct 2013 #2
WRECK OF THE OLD 97 by Vernon Dalhart 1924 FarCenter Oct 2013 #3
Break the rails it runs on seveneyes Oct 2013 #4
if there is no intelligent life on the train clydefrand Oct 2013 #5
Runaways tend to stop themselves hootinholler Oct 2013 #6
Eventually it stops and blows up a town daleo Oct 2013 #7
You recall correctly. kentuck Oct 2013 #8

spanone

(135,857 posts)
1. if a republican were in office the last five yrs. the word 'deficit' would never have been uttered.
Sun Oct 6, 2013, 01:16 PM
Oct 2013

it's a non-issue when republicans rule.

daleo

(21,317 posts)
7. Eventually it stops and blows up a town
Sun Oct 6, 2013, 03:06 PM
Oct 2013

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.

Latest Discussions»General Discussion»How do you stop a runaway...