FireBreathingLiberal: If you're in the top 1% bracket that's .0005% of one years compensation.

They are exempt from paying, what with being Job Creators and such.

But Reagan proved deficits don't matter.

Who holds most of America's debt? I want everyone to go look it up so they'll remember it next time.

Jake Havechek: But Reagan proved deficits don't matter.

For republicans.

With no fanfare and little notice, the national debt has grown by more than $4 trillion during George W. Bush's presidency.

It's the biggest increase under any president in U.S history.

On the day President Bush took office, the national debt stood at $5.727 trillion. The latest number from the Treasury Department shows the national debt now stands at more than $9.849 trillion. That's a 71.9 percent increase on Mr. Bush's watch.
http://www.cbsnews.com/8301-500803_162-4486228-500803.html

The debt was at 10.4 trillion when Obama took office and 5.7 trillion when Bush took office.

Bush increased the debt 84% during his time in office. (and actually increased it a full 13% from the time of the linked October 2008 article to the time of Obama's inauguration in January 2009. Obama increased the debt 28.4%.

It's all percentages subby.... and the fact that we fought two wars on credit while cutting taxes. GENIUS!

oops, meant Bush increased the debt approx. 82.5% during his tenure.

/but who's counting?

Blessed be the Job Creators, many hosannas in their name, may they reach a 0% tax rate!

I think a lot of people would be willing to pay a fair share to bring that down to manageable levels, not because we're responsible but because we're interested in getting out of this mess. But a lot more people would be open to that if you'd simply hold accountable the people responsible for this mess and throw their asses in jail. There should be an audit that goes back 30 years and traces the irresponsible the bankers, traders, politicians and shysters that got us into this mess.

You throw some asses in jail and I'll cut you a check to make it square. But if you're asking me to cover some other asshole's spending and gambling debts without punishing him in any way, you're crazy.

Please make your checks payable to the US Department of Treasury.

I'd write a $45,000 check in return for immunity from federal income tax.

FireBreathingLiberal: If you're in the top 1% bracket that's .0005% of one years compensation.

If we have too many more years of this, we will all be in the top 1% bracket

At least when the next Republican president gets elected we can stop hearing about the debt for at least four years.

Sybarite: At least when the next Republican president gets elected we can stop hearing about the debt for at least four years.

And we can get some "pre-bate" gimmicks, throw away more money on "missile defense", and pick another boogey man to go to war with.

Barbigazi: Who holds most of America's debt? I want everyone to go look it up so they'll remember it next time.

I'll spoil it for everyone by saying...the U.S. Government, and then private U.S. entities (people and institutions like pensions and market funds). And IIRC that makes up about 2/3 of all the debt owed.

SurfaceTension: Barbigazi: Who holds most of America's debt? I want everyone to go look it up so they'll remember it next time.

I'll spoil it for everyone by saying...the U.S. Government, and then private U.S. entities (people and institutions like pensions and market funds). And IIRC that makes up about 2/3 of all the debt owed.

I wanted people to do it for themselves so they'll have a better chance of remembering it later.

Wait a minute, I thought that it was stupid to try to pay off the entire national debt in one year, hence all the retarded 'taxes could go to 100% and it wouldn't be enough, so let's cut taxes instead!' arguments. So why are you going on about how much each person needs to pay? Are you saying taxes should go up so that number goes down?

Sybarite: At least when the next Republican president gets elected we can stop hearing about the debt for at least four years.

too true to be funny

Barbigazi: I wanted people to do it for themselves so they'll have a better chance of remembering it later.

Yeah, but I was the guy in class that always blurted out the answer whether the teacher called on me or not. People have to see how smart I am, dammit! LOL

I noticed they didn't point out that any debt after 2010 couldn't have happened without the Republican controlled House's consent.

Odd, that.

Until I see a plan to force people to sell back their savings bonds I won't believe you're serious about this very important debt issue.

For the life of me I have no idea what the point of this headline is.

What a trolltastic piece of sh*t "article".

Hmmm, wasn't there a couple of presidents between George H. W. Bush and Barack Obama?

I wonder why the article doesn't talk about one particular president.

hint: I don't mean Clinton

AcneVulgaris: Barbigazi: Who holds most of America's debt? I want everyone to go look it up so they'll remember it next time.

Those are the poeple that will get farked when the debt is paid with devalued currency.

Or they'll just hold onto it until it passes. Unless the republicans get their way and force them to sell.

CNS news... Give me a farking break.

The Media Research Center is nothing more than a right-wing, partisan bullshiat delivery system.

it's true - there was zero debt before the black man entered the white house. or at least that's what the tea baggers tell me.

Corvus: The deficit is DOWN from Bush's FY 2009 Budget that he sent to congress in 2008.

But don't let the facts stop you.

They're talking about Debt here. Deficits if you recall "don't matter". Debt will crawl into your windows at night and kill you in your sleep.

The Dog Ate My Homework: Well, obviously the solution to this problem is tax cuts for the wealthiest Americans. Duh.

...and deregulation. You know, for the "Job Creators".

You're the jerk... jerk: But go on thinking that taxing the top 1% is enough to get us even.

You do yourself a disservice by assuming that anyone believes that taxing more is the only solution necessary.

Saiga410: Obama is a neocon.

He's the best republican president we've had in decades...