Originally posted by RajahBell
View Post
Announcement
Collapse
No announcement yet.
The final US Presidential debate
Collapse
-
-
Any candidate claiming that they will reduce the debt is outright lying. PERIOD!!!
This is a debt based economy and increasing debt unfortunately makes it grow. But, this cannot be maintained indefinitely, because it devalues the currency and causes bankruptcy. Once you raise the debt ceiling to a point where there isn't enough currency to pay it back, you guarantee collapse and or default.
That is basic economics ..... theoretically you can only increase the debt ceiling parallel to the amount of currency in circulation. Once the amount of debt exceeds the available currency, default become inevitable because the currency isn't available to satisfy the debt.
The root of the unsolvable problem in the USA and really throughout the world is FIAT currency rules. Which allows banks to loan money they do not have, and Governments to borrow money they can never pay back, some almost leverage up to 90% of their GDP.
This has completely ruined the economy.
So, anyone blaming Obama or any other President for the debt, clearly DO NOT understand how money and debt works within this society.
Comment
-
Originally posted by arraamis View PostAny candidate claiming that they will reduce the debt is outright lying. PERIOD!!!
This is a debt based economy and increasing debt unfortunately makes it grow. But, this cannot be maintained indefinitely, because it devalues the currency and causes bankruptcy. Once you raise the debt ceiling to a point where there isn't enough currency to pay it back, you guarantee collapse and or default.
That is basic economics ..... theoretically you can only increase the debt ceiling parallel to the amount of currency in circulation. Once the amount of debt exceeds the available currency, default become inevitable because the currency isn't available to satisfy the debt.
The root of the unsolvable problem in the USA and really throughout the world is FIAT currency rules. Which allows banks to loan money they do not have, and Governments to borrow money they can never pay back, some almost leverage up to 90% of their GDP.
This has completely ruined the economy.
So, anyone blaming Obama or any other President for the debt, clearly DO NOT understand how money and debt works within this society.
Comment
-
Originally posted by Vilicious86 View Posthahahaha!! Romney was more consistent? He flipped on Afghanistan; tried to flip on the auto bailout but Obama blasted him; and flipped on Iran by suddenly agreeing with Obama's handling of Iran sanctions.
Also, he speaks better than Obama? Romney was tripping over his words like Zab Judah tonight. He was lost and had no specifics. Obama schooled him. Here's the key difference: Romney was tutored on foreign policy issues, while Obama has set them.
By the way, Obama has 70% of the Latino vote. Romney encourages "self-deportation," while Obama issued the deferred action executive order that prevents young immigrants from being deported. Obama has also signed several trade agreements in Latin America.
It's quite laughable to be honest.
Romney took the Hispanic vote tonight. He's Mexican and more importantly he's Hispanic. Everyone I know is voting for Romney solely because of that.
You can't understand it but he has a special way of talking that speaks to us and draws us in. Hispanics take less food stamps than any other ethnic group. Which means we don't care about "an Obama phone" he's not going to fool us into voting for him with promises of welfare, food stamps or government hand outs. We love being self reliant.
Romney's own family in Mexico says he's the best man for the job and they're very liberal when it comes to immigration. Obama isn't fooling anyone.
Comment
-
Originally posted by Russian Crushin View PostA higher % thought Obama did better then people expected then Romney
Comment
-
Originally posted by MANIAC310 View Postwow, it's clear you have no concept of reality or what went on tonight.
It's quite laughable to be honest.
Romney took the Hispanic vote tonight. He's Mexican and more importantly he's Hispanic. Everyone I know is voting for Romney solely because of that.
You can't understand it but he has a special way of talking that speaks to us and draws us in. Hispanics take less food stamps than any other ethnic group. Which means we don't care about "an Obama phone" he's not going to fool us into voting for him with promises of welfare, food stamps or government hand outs. We love being self reliant.
Romney's own family in Mexico says he's the best man for the job and they're very liberal when it comes to immigration. Obama isn't fooling anyone.
I like how you slipped in the racist welfare argument like all black people are looking for handouts. America was built on the backs of black folks you bigot!!
Comment
-
Originally posted by MANIAC310 View Postwow, it's clear you have no concept of reality or what went on tonight.
It's quite laughable to be honest.
Romney took the Hispanic vote tonight. He's Mexican and more importantly he's Hispanic. Everyone I know is voting for Romney solely because of that.
You can't understand it but he has a special way of talking that speaks to us and draws us in. Hispanics take less food stamps than any other ethnic group. Which means we don't care about "an Obama phone" he's not going to fool us into voting for him with promises of welfare, food stamps or government hand outs. We love being self reliant.
Romney's own family in Mexico says he's the best man for the job and they're very liberal when it comes to immigration. Obama isn't fooling anyone.
Gtfo.
Comment
Comment