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View Poll Results: Who are you pulling for?
Obama 19 21.11%
Romney 61 67.78%
Not Voting. 10 11.11%
Voters: 90. You may not vote on this poll

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Old 09-23-2012, 07:16 PM   #61
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You don't think Obama walked into things already in process? You guys don't care though it's his fault now. So I say back, he left the state with the highest per capita debt, and that is fact.
I guess the issue I have with this statement is that it is illegal for states to actually run (budgets) deficits. By law all states must have a balanced budget. The key thing, just like an individual, can the debt load/servicing be supported, which is a function of revenue collection (taxes) to debt. This is evidenced in the credit rating of Mass during his tenure which was Aa2 (very high credit worthy). So yes the debt was higher, but manageable. The fact is, debt (leverage) is a bad thing. It seems to be to often used as a way to buy votes.

From Politifact:
The debt accumulated under Romney often didn’t come from policies he pursued
Many of the infrastructure projects contributing to Massachusetts’ high debt per capita ranking were initiated under prior governors and legislatures.
A good example of this is the "Big Dig" -- the massive, and often controversial, project to transform the highways and tunnels of downtown Boston. It was initially conceived in the 1970s, with construction beginning in 1991 and continuing into Romney’s term as governor. In 2008, the Boston Globe estimated that the project will end up costing $22 billion and will not be paid off until 2038. It’s been called "the largest, most complex, and most technically challenging highway project in American history."
The impact of the Big Dig on the state’s per capita debt totals was significant. According to a 2007 report from the Massachusetts state comptroller, the Big Dig is directly responsible for $4.2 billion in state debt and funding from sources other than the federal government or user fees.
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Old 09-23-2012, 07:16 PM   #62
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If you're gonna bash a politician back it up. You can't just say Obama sucks... Prove it
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Old 09-23-2012, 07:19 PM   #63
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Originally Posted by cogsbme

I guess the issue I have with this statement is that it is illegal for states to actually run debt (budgets) or deficits. By law all states must have a balanced budget. The key thing, just like an individual, can the debt load/servicing be supported, which is a function of revenue collection (taxes) to debt. This is evidenced in the credit rating of Mass during his tenure which was Aa2 (very high credit worthy). So yes the debt was higher, but manageable. The fact is, debt (leverage) is a bad thing. It seems to be to often used as a way to buy votes.

From Politifact:
The debt accumulated under Romney often didnít come from policies he pursued
Many of the infrastructure projects contributing to Massachusettsí high debt per capita ranking were initiated under prior governors and legislatures.
A good example of this is the "Big Dig" -- the massive, and often controversial, project to transform the highways and tunnels of downtown Boston. It was initially conceived in the 1970s, with construction beginning in 1991 and continuing into Romneyís term as governor. In 2008, the Boston Globe estimated that the project will end up costing $22 billion and will not be paid off until 2038. Itís been called "the largest, most complex, and most technically challenging highway project in American history."
The impact of the Big Dig on the stateís per capita debt totals was significant. According to a 2007 report from the Massachusetts state comptroller, the Big Dig is directly responsible for $4.2 billion in state debt and funding from sources other than the federal government or user fees.
Your helping prove my case for Obama. See link above.
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Old 09-23-2012, 07:20 PM   #64
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If you're gonna bash a politician back it up. You can't just say Obama sucks... Prove it
I agree and it goes both ways
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Old 09-23-2012, 07:21 PM   #65
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Your helping prove my case for Obama. See link above.
Except he spent a trillion on one bill alone and they wanted to go to 2 trillion

Now add in QE3 which is unlimited easing and you can see how much worse it's gonna get
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Old 09-23-2012, 07:23 PM   #66
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Except he spent a trillion on one bill alone and they wanted to go to 2 trillion
Still not as high as everyone claims. Not sure what your talking about, sources?
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Old 09-23-2012, 07:24 PM   #67
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Except he spent a trillion on one bill alone and they wanted to go to 2 trillion

Now add in QE3 which is unlimited easing and you can see how much worse it's gonna get
The economy was 'predicted' to fall into the next great depression, did it?
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Old 09-23-2012, 07:26 PM   #68
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Still not as high as everyone claims. Not sure what your talking about, sources?
That's just one bill let alone all the others. And I could, but I'm actually leaving to head back to college in a few. If we're still on this topic I'll find em for ya
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Old 09-23-2012, 07:27 PM   #69
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The economy was 'predicted' to fall into the next great depression, did it?
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Old 09-23-2012, 07:30 PM   #70
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Drink more Romney Kool Aid peeps
http://www.politifact.com/truth-o-me...ever-been-cha/
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Old 09-23-2012, 07:30 PM
 
 
 
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