Obama says trillion-dollar deficits may last years

Wednesday 07th January, 06:15 AM JST

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

› Login to comment

Latest 15 of 28 Total Comments Show All

smithinjapan at 08:07 PM JST - 7th January

sarge: "No, Obama, spending restraint is needed."

Funny, how much has been spent on Iraq, again, sarge? and how much did bush put the US in debt? I sure didn't hear you complain about spending then!
smithinjapan at 08:08 PM JST - 7th January

HeathenCabin: "Either way the US government should jump off a cliff, the results would be astounding."

Good idea. bush and co. SHOULD do this when they head out the door. The incoming government deserves a bit of a chance first before they're asked to do the same.
SuperLib at 09:42 PM JST - 7th January

GJDailleult: A better question than whether or not the spending is needed is will it actually work. This is pretty much uncharted territory for the USA and for everybody else, and the problems are about a lot more than just Bush and US politics.

Welcome to Japan Today. You're going to learn that for some it's never not about George Bush.
HeathenCabin at 10:09 PM JST - 7th January

HeathenCabin: "Either way the US government should jump off a cliff, the results would be astounding."

Good idea. bush and co. SHOULD do this when they head out the door. The incoming government deserves a bit of a chance first before they're asked to do the same.

Actually, I really meant the entire government. Both Federal and the States. Every single government idiot should jump off a cliff. Then again everyone expects government to "fix" government created problems.

2010= 60+ trillion in debt. Not republicans fault, not democrats fault, straight up idiocy that governs fault.
VOR at 11:34 PM JST - 7th January

The final nail in the coffin could come when Obama pays the unions back for their votes. Watch for restrictions on imports and penalties on US companies that moved their manufacturing overseas. If you have assets, think hard about how a trade war will affect your portfolio. If you have no assets, you better hope you have the type of job that can survive a very wild ride or at least have a plan b in the works.
adaydream at 02:33 AM JST - 8th January

There is no way of continueing to run the country if we don't put out a lot of money. At least till we change our own conditions.

We've got to pay the debts that have been created the last 8 years.

We have to create jobs to put people back to work. Work creates wages, taxes and it gives money to spend in the community. Without the cycle of money, everything dies.

We're going to have to spend to find new sourses of energy. Petroleum has become a commodity that is too expensive, makes us reliant on foreign companies and can be substituted by other sourses of fuel.

Health care. It's come a time when we need to set up a program of health care that ensures that everybody has access to available and affordable. Everybody can't afford health care and those that can't need to be helped.

This is just a short list. We've gotten ourselves in so deep, we just can't quit digging.

I heard a republican leader complaining that the Obama plan will create debts that his grandchildren will have to repay. No, that was done during the last 8 years already. Now we have to dig to get us out from under those debts created by the republicans.

I'm just hoping that Barack Obama can get the parties together and that we can work together to create what's needed to work through the damage done. < :-)
HeathenCabin at 02:42 AM JST - 8th January

here is no way of continueing to run the country if we don't put out a lot of money. At least till we change our own conditions.

We've got to pay the debts that have been created the last 8 years.

We have to create jobs to put people back to work. Work creates wages, taxes and it gives money to spend in the community. Without the cycle of money, everything dies.

We're going to have to spend to find new sourses of energy. Petroleum has become a commodity that is too expensive, makes us reliant on foreign companies and can be substituted by other sourses of fuel.

Health care. It's come a time when we need to set up a program of health care that ensures that everybody has access to available and affordable. Everybody can't afford health care and those that can't need to be helped.

This is just a short list. We've gotten ourselves in so deep, we just can't quit digging.

I heard a republican leader complaining that the Obama plan will create debts that his grandchildren will have to repay. No, that was done during the last 8 years already. Now we have to dig to get us out from under those debts created by the republicans.

I'm just hoping that Barack Obama can get the parties together and that we can work together to create what's needed to work through the damage done. < :-)

You fail. You mean that the US needs to pay everything until "things change." Things will never change with what you propose. Paying the debts created in the last 8 years??? Where have you been? Did you not realise the debts since the late 60s? The US has always been in debt, and guess what, your socialist gift of social security/welfare/government handouts will literally drive the debt to levels you can never imagine! Seeing as how you fail to grasp that debt, financed by debt, does not pay for anything which means all of what you propose will only add to more debt!!! YOU FAIL!
HeathenCabin at 02:46 AM JST - 8th January

I also must say only the market can create jobs, and only the market can dictate wages. Work does not create wages, the market does. Only to see the person who produced to get taxed heavily to subsidize some idiot elsewhere in the economy since that person is unprofitable. Gotta love socialism and central planning.

Great Leader Barack Obama has decreed that no Jobs shall ever be lost!!!! Dear Leader has said everyone will have jobs!
adaydream at 04:52 AM JST - 8th January

HeathernCabin, we've doubled our debt the last eight years. We went from a deficit of around $4Trillion with a plan to get out of debt and your wonderful leader this past eight years, gave away $4Trillion in one swoop move. Created a war in Iraq that will cost us over a $2Trillion and created lucritive ways to send jobs over seas.

Most of that has to all be reversed. < :-)
adaydream at 05:20 AM JST - 8th January

We also see what the republicans did to the markets. Deregulated them right into bankruptsy. Oh-h-h-h-h tell me more. < :-)
LIBERTAS at 07:08 AM JST - 8th January

Obama's team should get in a 4-year supply of extra strength Pepto-Bismol. They're going to need it with all the stomach acid this economy is going generate for them. Amazing: Clinton leaves a surplus and peace. Bush leaves debt, death, destruction and a depression. We ALL need some Pepto-Bismol too!
SuperLib at 06:30 PM JST - 8th January

adaydream: we've doubled our debt the last eight years. We went from a deficit of around $4Trillion with a plan to get out of debt and your wonderful leader this past eight years, gave away $4Trillion in one swoop move. Created a war in Iraq that will cost us over a $2Trillion and created lucritive ways to send jobs over seas.

daydream's numbers are mostly made up on the spot.
adaydream at 10:54 PM JST - 8th January

SuperLib correct me then. Show us where I'm wrong. < :-)
adaydream at 11:01 PM JST - 8th January

http://www.cedarcomm.com/~stevelm1/usdebt.htm

http://zfacts.com/p/318.html

There's a couple of links that back me up. < :-)
Ninefingers at 08:59 AM JST - 9th January

This "debt size" is the change that those who voted for him wanted.