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Sirveri

(4,517 posts)

62. No, I'm saying that Social Security (and other government held) debt doesn't/shouldn't count.

Fri Jun 15, 2012, 02:27 AM

Jun 2012

It's like opening a savings account, and then spending the money from that account and saying that that puts you into debt.

It's great if you want to pay shell games with your accounts and claim that you're deep in debt when in reality you are hardly in debt at all.

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67 replies

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Highlight:

Obama: Debt, deficits were 'baked into the cake' [View all] kpete Jun 2012 OP

perfect analogy... FirstLight Jun 2012 #1

Indeed lsewpershad Jun 2012 #3

sorry FirstLight Jun 2012 #7

Martin Bashir, MSNBC. elleng Jun 2012 #20

If the Bush tax cuts were so bad why isn't he in favor of letting them all lapse? dkf Jun 2012 #2

because anyone who campaigns on getting rid of all of the tax cuts qazplm Jun 2012 #8

He wants you and I to have tax cuts but not the richer ones Rosa Luxemburg Jun 2012 #25

That isn't enough. dkf Jun 2012 #36

That is a nice sentiment, however the country is nowhere near insolvency. Sirveri Jun 2012 #52

Are you arguing we owe no debt to the social security system? dkf Jun 2012 #53

No, I'm saying that Social Security (and other government held) debt doesn't/shouldn't count. Sirveri Jun 2012 #62

We can't save Europe. girl gone mad Jun 2012 #27

Believe me I am not in favor of us having to save Europe. dkf Jun 2012 #37

European Central Bank DallasNE Jun 2012 #44

It's because people like you "do not want to have to pay more taxes" Kolesar Jun 2012 #40

Saving money for retirement isn't fun either but you just have to do it. dkf Jun 2012 #43

Obama has to make sure this is clear to people. siligut Jun 2012 #4

NOW he's going to let them know??? Skittles Jun 2012 #6

He did say it in his speeches and Bernanke and Giethner touched on it siligut Jun 2012 #12

much of the country seems to have forgotten dubya was ever president Skittles Jun 2012 #14

And that is what the GOP wants, W made them look bad even with all their tricks. siligut Jun 2012 #30

Even if we don't like the motivation demwing Jun 2012 #15

"baked into the cake"? Skittles Jun 2012 #18

Ok, have a good night... /nt demwing Jun 2012 #22

awwwwwwwww Skittles Jun 2012 #32

Were you itching for a fight? demwing Jun 2012 #45

Repub congress and their Gramm-Leach-Bliley Act in 1999 Rosa Luxemburg Jun 2012 #28

He has been saying it all along except our media do not highlight it Rosa Luxemburg Jun 2012 #26

Oh, dear. Now I've got MacArthur Park running through my head. tanyev Jun 2012 #5

AND that is why we have such an anemic recovery bossy22 Jun 2012 #9

As businessmen always say, "Youve got to spend money to make money" ErikJ Jun 2012 #11

your spending=my income bossy22 Jun 2012 #17

and his wife. lastlib Jun 2012 #13

You're doing all the wrong things, hoping to get credit for it. lumberjack_jeff Jun 2012 #10

You might find this funny Spitfire of ATJ Jun 2012 #19

That is hilarious. Skinner Jun 2012 #24

That's hysterical. n/t lumberjack_jeff Jun 2012 #33

LOL nt Mojorabbit Jun 2012 #41

OK. OK. So he misspoke. Wilms Jun 2012 #48

It's funny because .. sendero Jun 2012 #64

On top off everything else Spitfire of ATJ Jun 2012 #67

He acts like someone else has been President for the past four years. nt woo me with science Jun 2012 #16

Takes a long time to undo the damage of the Bush years Rosa Luxemburg Jun 2012 #23

Especially when you extend so many of his policies. nt woo me with science Jun 2012 #29

Do you want a tissue? Kolesar Jun 2012 #39

No, I'd like not to be patronized woo me with science Jun 2012 #42

it couldn't be because he has gotten absolutely zero cooperation with Congress librechik Jun 2012 #49

His choices are a matter of record. woo me with science Jun 2012 #50

perhaps--I don't think we were watching the same thing, however. n/t librechik Jun 2012 #51

Here's a post of interest. woo me with science Jun 2012 #65

Yeah, but you have to remember that there was a sharp increase in spending levels. Igel Jun 2012 #54

kick otherone Jun 2012 #56

Some how B*sh got Congress to let him go in to two uneeded wars. If Obama harun Jun 2012 #59

Excellent! Rosa Luxemburg Jun 2012 #21

Love the way he put that. liberal N proud Jun 2012 #31

Sounds suspicious. RUMMYisFROSTED Jun 2012 #34

Better analogy? 3 Repubs trash a bar and walk out when Obama walks in and say, "Put it on his tab" ErikJ Jun 2012 #35

Great to hear Obama saying this in that way. JDPriestly Jun 2012 #38

"Someone left the cake out in the rain..." LiberalEsto Jun 2012 #46

Damn! That was my first thought! geardaddy Jun 2012 #47

I am just so tired of hearing people say that. BlueIris Jun 2012 #55

If only they had been special brownies instead of cake. woo me with science Jun 2012 #57

The cake? KamaAina Jun 2012 #58

We have moved on to woo me with science Jun 2012 #60

So tax cuts lead to less revenue? high density Jun 2012 #61

Hmm. Sounds like the President skipped lunch. sofa king Jun 2012 #63

Good! Glad O said this but why is he even considering more guaranteed taxpayer loans for new nukes? wordpix Jun 2012 #66