All things Political!!! (BK2 Rules.) - Page 7 - Ford F150 Forum - Community of Ford Truck Fans



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

All things Political!!! (BK2 Rules.)

Closed Thread
 
 
 
Thread Tools Search this Thread
Old 09-23-2012, 08:16 PM   #61
Go AZ CATS!
 
cogsbme's Avatar
 
Join Date: Apr 2012
Posts: 208
Thanked 0 Times in 0 Posts
Default

Quote:
Originally Posted by amick218 View Post
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.
cogsbme is offline  
Old 09-23-2012, 08:16 PM   #62
Bacon Grower
5 Year Member
 
Hunttman01's Avatar
 
Join Date: Jul 2011
Location: Iowa
Posts: 28,158
Thanked 169 Times in 140 Posts
Default

If you're gonna bash a politician back it up. You can't just say Obama sucks... Prove it
Hunttman01 is offline  
Old 09-23-2012, 08:19 PM   #63
Eat. Sleep. Lift.
 
amick218's Avatar
 
Join Date: Jan 2012
Location: Clearwater, FL
Posts: 8,197
Thanked 27 Times in 25 Posts
Default

Quote:
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 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.
Your helping prove my case for Obama. See link above.
amick218 is offline  
Old 09-23-2012, 08:20 PM   #64
Meaner than ymeski56
 
XtraLargeTall's Avatar
 
Join Date: Jan 2012
Location: Fort Morgan, Colorado
Posts: 21,808
Thanked 447 Times in 326 Posts
Default

Quote:
Originally Posted by Hunttman01
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
XtraLargeTall is offline  
Old 09-23-2012, 08:21 PM   #65
Meaner than ymeski56
 
XtraLargeTall's Avatar
 
Join Date: Jan 2012
Location: Fort Morgan, Colorado
Posts: 21,808
Thanked 447 Times in 326 Posts
Default

Quote:
Originally Posted by amick218

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
XtraLargeTall is offline  
Old 09-23-2012, 08:23 PM   #66
Eat. Sleep. Lift.
 
amick218's Avatar
 
Join Date: Jan 2012
Location: Clearwater, FL
Posts: 8,197
Thanked 27 Times in 25 Posts
Default

Quote:
Originally Posted by XtraLargeTall

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?
amick218 is offline  
Old 09-23-2012, 08:24 PM   #67
Eat. Sleep. Lift.
 
amick218's Avatar
 
Join Date: Jan 2012
Location: Clearwater, FL
Posts: 8,197
Thanked 27 Times in 25 Posts
Default

Quote:
Originally Posted by XtraLargeTall

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?
amick218 is offline  
Old 09-23-2012, 08:26 PM   #68
Meaner than ymeski56
 
XtraLargeTall's Avatar
 
Join Date: Jan 2012
Location: Fort Morgan, Colorado
Posts: 21,808
Thanked 447 Times in 326 Posts
Default

Quote:
Originally Posted by amick218

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
XtraLargeTall is offline  
Old 09-23-2012, 08:27 PM   #69
Meaner than ymeski56
 
XtraLargeTall's Avatar
 
Join Date: Jan 2012
Location: Fort Morgan, Colorado
Posts: 21,808
Thanked 447 Times in 326 Posts
Default

Quote:
Originally Posted by amick218

The economy was 'predicted' to fall into the next great depression, did it?
XtraLargeTall is offline  
Old 09-23-2012, 08:30 PM   #70
Eat. Sleep. Lift.
 
amick218's Avatar
 
Join Date: Jan 2012
Location: Clearwater, FL
Posts: 8,197
Thanked 27 Times in 25 Posts
Default

Drink more Romney Kool Aid peeps
http://www.politifact.com/truth-o-me...ever-been-cha/
amick218 is offline  
 
 
Closed Thread

Related Topics
Thread Thread Starter Forum Replies Last Post
Svt lightning work replica Svtricky Members Builds 30 01-23-2016 09:20 PM
Things your grandfather would say! Martian Off-Topic 91 01-19-2016 12:33 PM
Fast R/C car/trucks. Anybody play with or own? Franchi Motorsports Off-Topic 19 09-15-2015 07:33 PM
Several small issues with 2015..and my expience thus far. treepoint5zero 2015 - Present Ford F150 1 09-10-2015 06:34 PM
Can anyone help me / what is this thing? Red-Ford 1997 - 2003 Ford F150 4 09-07-2015 01:51 AM


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -4. The time now is 02:49 PM.


Copyright © 2006 - 2016 F150Forum.com