The United States is going to go bankrupt...thanks President Obama.

[JACK D. RIPPER]

You know what's funny, is that the stimulus package was BUSH'S IDEA. He passed it through before Obama got into office.

The fact is, Obama inherited a giant **** sandwich and we all will have to take a bite. If Obama didn't do anything, he would have gotten killed. Since Obama has spent all this money trying to give a boost to the economy, he's getting killed.

It doesn't matter what Obama does, the right wing nut jobs and the people who listen to them are going to fry his ass.

I was listening to Rush Limbaugh and he had the nerve to say the reason that Gov. Sanford of South Carolina cheated on his wife with tax payers money was because Obama doesn't care about this country and so neither do politicians now.....HAHAHAHAHHAA

He blaimed the fact that Sanford went and fuked some chick in Argentina on Obama..............classic.

First off I don't listen to Rush Limbaugh. Obama probably does though.

Second of all. You're wrong. The TARP was passed by Bush and that was the idea of Hanky Panky Paulson from Goldman Sachs to try to bail out the big banks from all their derivatives losses.

The "Stimulus" as you call it was passed by Obama and the Dem Majority, at the behest of Tiny Tim Geither and Larry Summers.

Two totally different bills. One was a banker giveaway worth about 3 trillion dollars (The Tarp) and the other one is the total theft of at least 10 trillion dollars (The stimulus) which is being taken by banks and politicians alike.

If you think this will "boost" the economy, you are either ignorant or totally gullible.

Or both.

[Dynamite Glove]

We gonna have this, if this **** keeps getting worse !!!!!

That's actually a great movie. I saw it when I was young when it first came out, then saw it again a few years ago. It really is one of those flicks that changes if you see it immature, and then matured... As a kid, I just saw it as some guy roasting the city but when I got older, and realized how he lost his family and kid and job etc, and that's what really drove him crazy..it became a much better movie..

[!! Shawn]

In the US it sucks because both parties are spend happy and love deficits... the dems spend it all on welfare and the gop spends it all on defense, its a freakin lose/lose

until we can get a third party involved we're going to be f'd in the A

Atleast with defense you get some concrete assets out of the deal. Its like blowing your money on parties and booze vs blowing your money on cars and boats. At least with cars and boats you have something to sell when you go broke.

[Drunken Cat]

There are really a lot of armchair theorists in here. This by the way is coming from someone who graduated #1 in my college class (for two years running) in economics. However, I'll admit I am not an expert in these matters and I always take a measured approach. Anyways, a couple replies:

i read a great book about it all... not just "the messiah" but about past presidents too....

its called "Empire of Debt" by Bill Bonnor and Addison Wiggin....

really shines some light on all the mistakes of having a big govt and how f'd we really are.....

the debt is one thing but when the dollar collapses? we're finished!

I have this book, it is very insightful indeed and very relavent to the current situation. I found it a little watered down for my taste, but I would very much recommend it to general readers trying to understand the causes behind the present situation.

Where were you bitches when Bush took a 230 billion surplus into a RECORD deficit and started two pointless wars. Bush allowed his goons to run wild and sign handily destroyed the USA economy. Yet people ***** about Obama trying to fix things. How long did Bush's goverment deny USA was in a recession

The debt can and will be pay back. This is nothing new, America will never collapse or ever go bankrupt. When things turn around, you will have higher taxes and less government spending.

I would like to think this is true, however the United State is in a precarious position at this stage in my opinion. First of all, this is not a recession it is a depression. This may fall under the category of opinion, however it is my contention that the reason the authorities are not using such terms is because they fear it will cause people to stop spending and to horde even more of their incomes. Nonetheless, the future at this point is far from certain, and the light at the end of the tunnel has yet to glisten through in my estimation. There are also external factors to consider, most especially the wars being fought on multiple fronts, and the unprecedented rise of China, as well as India. Also, China owns a tremendous amount of our debt (can't be bothered to look up numbers right now), and they are a communist country, which translates to the government having a controlling hand in the economy. As such, through our massive debt we have placed the Chinese in a position to potentially manipulate the US economy.

It's all Obama's fault, not Bush brought us 2 pointless wars and reckless spending.

If you look closely at the graph, you will notice that the debt begins spiraling out of control in the early '80s, during the Reagan presidency. It in fact tapers off a little, though continues to rise, during the Clinton Era--perhaps owing to the budget SURPLUS which occurred during Clinton, and then skyrockets during the Bush II years.

This graph doesn't tell the whole story of the economy at large, and I am no Clinton apologist, however this graph does tell a lot which is relevant to the discussion. My comments are intended to be taken in the context of this graph, not in the context of my opinions regarding the aforementioned presidencies.

I find it amazing that you are blaming the issues the US is facing on "socialism". It further illustrates the point that Americans wouldn't know socialism if you hit them over the head with it.

Cosigned.

I would choose death before that.

This comment was in response to my prior comment:

The US is going bankrupt, but it has nothing to do with Obama

Personally, I think I'm gonna move to China

I was completely serious, and I am not xenophobic like many Americans, so I would get a long just great. I also speak Japanese, a bit of Korean and a little Chinese and I've been to E. Asia four times. As such, I was absolutely serious in my remark about going to China.