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CuteOldGuy · 08-01-2012, 11:13 PM

This "wonderful" new campaign ad by Obama is being touted as a shift from negative campaigning and is "his best ad ever". Apparently no one has listened to what the President says, but he says it so well.

Wait for the part where he says we will "pay down the debt." Seriously? How stupid does he think we are? He has no intention of paying down the debt. In order to pay down the debt, we have to spend less than what we take in. Does anyone, anywhere, think he is going to support that? Or even propose that?

But it sounds so nice. It's an enormous lie, but it sounds nice.

http://www.businessinsider.com/obama...e-video-2012-7

Looking at the response to the ad, maybe he is right. Maybe we are idiots.

IIFFOFRDB · 08-01-2012, 11:23 PM

Choices that we we make could'nt be bigger. http://www.youtube.com/watch?v=DEAMT7eU35k

JD Barleycorn · 08-02-2012, 12:32 AM

1984 is almost here.

WTF · 08-02-2012, 02:25 AM

but I know you are!

CuteOldGuy · 08-02-2012, 07:05 AM

You're content with Obama blatantly lying in a campaign ad, eh, WDF? He thinks you're an idiot, too.

JD Barleycorn · 08-02-2012, 11:06 AM

Lets face it. People like WTF will accept anything from their hero including a dick up their collective asses. Get used to that word "collective" comrade. If Barry and WTF get their way that is where we will be heading. I do laugh when people like Axelrod scream about hitting back, "No fair, you can't hit the black guy." and my personal favorite "you're a meanie".

CJ7 · 08-02-2012, 11:55 AM

Quote:

Originally Posted by CuteOldGuy

This "wonderful" new campaign ad by Obama is being touted as a shift from negative campaigning and is "his best ad ever". Apparently no one has listened to what the President says, but he says it so well.

Wait for the part where he says we will "pay down the debt." Seriously? How stupid does he think we are? He has no intention of paying down the debt. In order to pay down the debt, we have to spend less than what we take in. Does anyone, anywhere, think he is going to support that? Or even propose that?

But it sounds so nice. It's an enormous lie, but it sounds nice.

http://www.businessinsider.com/obama...e-video-2012-7

Looking at the response to the ad, maybe he is right. Maybe we are idiots.

Obama paid down the debt his first year in office.

CuteOldGuy · 08-02-2012, 03:14 PM

OK, CBJ7. I gotta see that. Link?

CJ7 · 08-02-2012, 03:53 PM

Quote:

Originally Posted by CuteOldGuy

OK, CBJ7. I gotta see that. Link?

ok, even though Ive posted this before and had this exact conversation with you about this

we pay the interest on the debt ... far right column

http://www.skymachines.com/US-Nation...ental-Term.htm

in fact its still lower 3 years later than it was when Bush left office

CuteOldGuy · 08-02-2012, 04:01 PM

That chart shows the national debt increasing each year. You had trouble understanding that chart long ago. It hasn't changed. The debt is increasing EACH YEAR! It is impossible to pay down the debt unless you SPEND LESS THAN YOU TAKE IN!. That hasn't happened, and won't happen under Obama.

Interest rates flucuate. That has no bearing on the principal, the DEBT, which KEEPS INCREASING! Obama has not paid it down, and will not pay it down. He's LYING!!

Are you trying to be stupid? Seriously, you can't be that stupid naturally.

CJ7 · 08-02-2012, 04:08 PM

obama lowered the debt as a percent of the gdp and lowered the interest we pay

CuteOldGuy · 08-02-2012, 04:19 PM

The DEBT INCREASED! Why is it so hard for you to admit that? When the bill comes due, we won't be able to say "Well, it was lower as a percentage of GDP." How stupid is that? It is STILL GOING UP! The DEBT IS GOING UP!.

No matter how you spin it, THE DEBT IS GOING UP!

Jesus, you're a moron. Totally Obatomized. Full Obatomy there, good lord.

Texas Contrarian · 08-02-2012, 04:30 PM

Quote:

Originally Posted by CJ7

obama lowered the debt as a percent of the gdp and lowered the interest we pay

Huh??

The opposite is quite obviously the case. The national debt as a percentage of GDP has risen rapidly over the last few years.

The decline in interest payable to service existing debt is a function of the precipitous decline in interest rates, since the Fed crammed the Fed funds target rate to the 0.0-.025% range beginning in late 2008, and economic weakness (along with multiple rounds of QE) flattened the yield curve. So interest rates are at historical lows for both the long and short components of the debt.

When rates rise substantially and "normalize", as eventually they must, the interest component of the federal budget will skyrocket, especially since the aggregate level of public debt has grown so rapidly.

CJ7 · 08-02-2012, 04:35 PM

the interest (on the debt) was paid down from 3.1% to 2.7% Obamas first year in office ...in turn paying down the interest payments lowers the gdp ..

the debt itself doesnt get paid down, look at the chart ... the interest gets paid down (green #'s)

or the chart s dead wrong

bush last year GDP 14,401 interest 3.1

Obie 1st year GDP 14256 interest 2.7

Texas Contrarian · 08-02-2012, 04:42 PM

Quote:

Originally Posted by CJ7

the interest (on the debt) was paid down from 3.1% to 2.7% Obamas first year in office ...in turn paying down the interest payments lowers the debt as a percent of the gdp ..

the debt itself doesnt get paid down, look at the chart ... the interest gets paid down (green #'s)

or the chart s dead wrong

Nothing was "paid down!"

The interest rate declined sharply, so the interest portion of the federal budget was lower. It's sort of like if you have an ARM on your home and interest rates drop sharply. You'll get a break in the form of lower payments as long as rates stay low, but you will reduce your debt only to the extent that payments are applied to principal.