Federal Government Debt Per Household? $546,668

And add in another $120,000 or so of personal debt. But, of course, that is debt people affirmatively, personally took on.

Stunning numbers.

This debt is made up of a mix of obligations, including Social Security, Medicare, and all of the unfunded obligations and guarantees the government makes. Obama isn't responsible for all of this; but he did just increase our obligations by a not-too-shabby twelve percent in just about 140 days.

Depending on the interest rate on this debt, it might take something like $25,000 per household, per year, for fifty years, to pay this off.

This highlights something. The biggest statist program ever enacted before were Social Security and Medicare. Previously, these programs, while huge, were doable because of favorable demographics -- there had, previously, been a lot of younger workers supporting a relatively small number of older retirees, so the cost per worker was manageable.

Because of the big shift in demographics, of course, this is now a very expensive program, with a relatively small number of younger workers supporting a huge number of older retirees.

So, the demographic check for FDR's programs are finally coming due in full.

At this moment, with the huge obligations imposed by FDR now coming due with a vengeance, the new FDR wants to impose huge new obligations.

The demographic bomb that is Social Security and Medicare is scary enough, and hard enough to manage. And yet Obama wants to tax an economy that's already straining to meet previous obligations with fresh ones.

Cap and Trade, Slash and Burn: The best case scenario is that Waxman's cap-and-tax system will impose new costs of $1600 per year per household.

And what do we get for that? Nothing. At best, assuming this works (and the European experience says it won't) we get a 4% drop in annual CO2 production, which is pretty much nothing at all, even if you subscribe to Al Gore level global warming panic.

Bear in mind the alarmists demand something like a 90% reduction in CO2 output in order to "save the earth." I've never heard it suggested that a mere 4% drop would do the trick.

In related new, no one making under $250,000 per year will pay "a dime" in new taxes. Obama said so, and I believe him. Because I'm stupid.

Posted by: Ace at 03:04 PM

Comments

:shock:

Posted by: Newyorkstatistofmind at June 01, 2009 03:05 PM (7CROl)

um nvm this is shocking i really think obama will only last 14 months

Posted by: Newyorkstatistofmind at June 01, 2009 03:06 PM (7CROl)

ok, so if i pay this off, that's it right?

Posted by: american taxpayer at June 01, 2009 03:08 PM (IRh55)

4 Here's my plan...

Step 1: Receive my Obama issued unicorn

Step 2: ?

Step 3: Profit

I bet you all feel like suckers for not thinking of this first. Don't you?

Posted by: DrewM. at June 01, 2009 03:09 PM (PLGGU)

5 i owe.
i owe.
so it's off to work i go...

Posted by: OregonMuse at June 01, 2009 03:10 PM (wQE87)

6 1. Wonder what the average state debt load is, in addition to this.
2. Entitlement programs- they always grow, never shrink. If the costs of medicare/SS had stayed level, and only increased by inflation, we could probably bear that burden. But just as soon as some form of entitlement exists, it must widen its scope of coverage "to be fair" because some group has been left out. But they can NEVER shrink.

Posted by: XBradTC at June 01, 2009 03:10 PM (BtjCI)

7 And yet, he's such an AWESOME guy! So graceful and manly and STRONGER THAN LUKE SKYWALKER! and those pecs and that voice...oh my. Oh he's so good-looking and graceful and...did I mention his voice?

Posted by: katya at June 01, 2009 03:10 PM (oRJZj)

8 We are so boned.

Posted by: DelD at June 01, 2009 03:10 PM (WHoJw)

no you heathen you still have to go to hussein's reedumucation camp[Hey o'reilly if you want some come get some ya fairy]

Posted by: Newyorkstatistofmind at June 01, 2009 03:10 PM (7CROl)

10 wow, in osme towns that is four or five houses.

Posted by: muffy at June 01, 2009 03:10 PM (zplc6)

11 But at least the majority of the obligations are either indexed to inflation or promises to pay for services at tomorrow's prices. Printing more dough does squat to eliminate it. This may sound crazy, but I'd advise cutting spending on other things, or declaring insolvency so we can start over.

Posted by: Herr Morgenholz at June 01, 2009 03:11 PM (5aa4z)

12 Thing is, Social Security and Medicare created the very demographic shift that will lead to its own implosion. People used to have lots of kids because, in part, those kids would take care of you in your old age. SS and Medicare shifted that burden to the government. You no longer needed kids who would take care of you in your dotage, the government would handle it, so no kids, therefore no workers, therefore not enough kids to fund SS/Medicare.

That wasn't the only reason for the demographic shift, of course. Idiocies like environmentalism and Paul Ehrlich's "The Population Bomb" still lead vast swaths of idiots to believe the planet is overpopulated are other major reasons. One thing is for sure though - the mental disease that is liberalism has led to all but one of them (the only other one being the shift from farming to urban economy).

Qwinn

Posted by: Qwinn at June 01, 2009 03:11 PM (/y1J0)

13 The demographic bomb that is Social Security and Medicare is scary enough, and hard enough to manage. And yet Obama wants to tax an economy that's already straining to meet previous obligations with fresh ones.

And don't forget the approaching government take over of health care.

Once they get their hands on that baby, they'll start reducing costs (cause that's what government is good at) and the money will just roll in.

Then who'll be the sucker?

Posted by: DrewM. at June 01, 2009 03:11 PM (PLGGU)

14 Grab the pitchforks, tar, feathers...

Posted by: Mommypundit(Hotair ex pat) at June 01, 2009 03:11 PM (r/w1Z)

Wow! I'm kinda feeling a little irresponsible.

Parrrrrtayyyyy!!!!

Posted by: Amabo Karab at June 01, 2009 03:11 PM (RkRxq)

he did just increase our obligations by a not-too-shabby twelve percent in just about 140 days

And now:

FREE HEALTH CARE^TM!!!

Zimbabwe and the Weimar Republic are going to finish out of the gold come medal time.

Posted by: Circa (Insert Year Here) at June 01, 2009 03:12 PM (B+qrE)

17 Via his massive spending bill, Obama has just confiscated a gigantic chunk of America's future wealth. . .and America still hasn't realized it.

Now he's using that wealth he's grabbed from our children to grease his political allies (ie the UAW).

Posted by: looking closely at June 01, 2009 03:13 PM (6Q9g2)

18 Somebody needs to take the credit card away from Zero.

Posted by: maddogg at June 01, 2009 03:14 PM (OlN4e)

19 My only quibble is that while The Unicorn Prince certainly fancies himself as the second-coming of FDR it's entirely likely that this will all blow-up too quickly for him and his minions to manage and he'll end-up instead as the next Hoover.

Hey, a guy can dream - can't he?

Posted by: DocJ at June 01, 2009 03:15 PM (g8ibn)

It's breathtaking how off course we are. I find it very difficult to believe O is bumbling aimlessly around, making all of these mistakes.

This is an orchestrated plan to bankrupt our country and render our economy, consitution, and representative republic null and void. This will leave O and the socialist/marxists he surrounds himself with to rule until a revolution is sparked.

The true edge of the abyss is O seeking to release himself from the constraints of term limits. When that happens all bets are off.

Posted by: The Hammer at June 01, 2009 03:16 PM (YBTwf)

21 I mean, a nightmare is still a dream - no?

Posted by: DocJ at June 01, 2009 03:16 PM (g8ibn)

22 Tangentially related, but did anyone notice that the Dow was up over 200 points today, yet gold and silver, which have been on a tear lately, barely budged downward? There's usually a fair negative correlation between their respective behaviors.

Posted by: Herr Morgenholz at June 01, 2009 03:17 PM (5aa4z)

Here's my plan:

1. Retire.

2. Spend other peoples' money for as long as I can.

3. Die.

OK, I don't like #3 but what can you do. Plus #2 probably won't be all that long what with National Health Rationing.

Posted by: Javems at June 01, 2009 03:18 PM (hq71Y)

24 A friend in the oil & gas business met with federal officials in Washington in January and was told in effect that he and his ilk were going to be taxed out of business; AKA Cap and Trade.

Posted by: profligatewaste at June 01, 2009 03:18 PM (pokwq)

25 A friend in the oil & gas business met with federal officials in Washington in January and was told in effect that he and his ilk were going to be taxed out of business; AKA Cap and Trade.

Posted by: profligatewaste at June 01, 2009 03:18 PM (pokwq)

Good. I'll make a killing with my new unicorn-dung heat stoves.

Posted by: Herr Morgenholz at June 01, 2009 03:20 PM (5aa4z)

Bear in mind the alarmists demand something like a 90% reduction in CO2 output in order to "save the earth." I've never heard it suggested that a mere 4% drop would do the trick.

Ace, another key point here--without any effort from the Chinese (who are the biggest generators of the greenhosue gases right f'in now...not 10, 15 or 25 years ahead), the cost/benefit equation is truly an abomination.

Posted by: Circa (Insert Year Here) at June 01, 2009 03:20 PM (B+qrE)

27 Yeah, that 'net spending cut'? I meant the spending you'd be able to do on Cheetos and vacations beyond the confines of your lawn.

Posted by: His Wise and Glorious Soaring Rhetoricalness, Emperor Barack I at June 01, 2009 03:20 PM (sOxtB)

No company could survive with this type of fiscal mismanagment. So what are we doing? Giving them huge parts of the private sector to manage.

We are going to look back on 2009 as the salad days.

Posted by: JackStraw at June 01, 2009 03:22 PM (VW9/y)

29 Step 1: Make a ponzi scheme that is impossible to maintain.

Step 2: ???

Step 3: Bankrupt the country

Step 2, fortunately, didn't need to be planned at all.

Posted by: lorien1973 at June 01, 2009 03:22 PM (IhQuA)

was told in effect that he and his ilk were going to be taxed out of business

And here's the best part: With no plan for what comes after.

Posted by: Circa (Insert Year Here) at June 01, 2009 03:22 PM (B+qrE)

Ace, another key point here--without any effort from the Chinese (who are the biggest generators of the greenhosue gases right f'in now...not 10, 15 or 25 years ahead), because the entire underlying premise is unadulterated bullshit with no scientific foundations and very likely a leftist/Marxist plot to enslave the masses, the cost/benefit equation is truly an abomination.

Posted by: Circa (Insert Year Here) at June 01, 2009 03:20 PM (B+qrE)

Fixed, with my regards.

Posted by: Herr Morgenholz at June 01, 2009 03:23 PM (5aa4z)

32 What are your taxes buying?

The 1936 election for FDR. Your children will buy him the 1940 election.

Who will buy Obama the 2012 election?

Posted by: Bob Hawkins at June 01, 2009 03:23 PM (pnBkj)

33 22 Tangentially related, but did anyone notice that the Dow was up over 200...

I think most of that is because the albatross of GM isn't dragging it down...

Posted by: XBradTC at June 01, 2009 03:24 PM (BtjCI)

Wake me when its step 3 time.

I think I'll just stay drunk till then.

Posted by: The Color Yellow at June 01, 2009 03:24 PM (q177U)

Posted by: Herr Morgenholz at June 01, 2009 03:23 PM (5aa4z)

Well...yeah.

Touche'.

Posted by: Circa (Insert Year Here) at June 01, 2009 03:24 PM (B+qrE)

36 With no plan for what comes after.

What are you talking about? I'm going to be commanding $1 million + for speeches for decades to come!

Oh, you mean the general populace. Yeah, you're all boned.

Posted by: His Clean and Articulate Elegantness, Emperor Barack I at June 01, 2009 03:24 PM (sOxtB)

37 The law of unintended consequences.

Posted by: maddogg at June 01, 2009 03:25 PM (OlN4e)

38 Greedy Capitalist Entitlement Pigs!

We've managed to vote ourselves into slavery in a mere 50 years...great job everyone!

Posted by: The Haimster at June 01, 2009 03:28 PM (jf4Kz)

39 All I want to know is where are my 120" flat screen and my Ferrari if I'm that far in debt.

Posted by: alexthechick at June 01, 2009 03:28 PM (SHHaV)

62% of that $546,668 is Bush's fault.

Take my advice -- save your tooth enamel. Restrict your blogging to only 23 minutes per day.

Posted by: Big Fat Meanie at June 01, 2009 03:31 PM (XoYY8)

But it's all going to be OK. The new PDSM (up to version V now), is considering adding a new mental illness: Pathological Bias.

Next step: All us conservatives will be classified with PBD (Pathological Bias Disorder) and have to get therapy.

Re-Education Camps, here we come! The liberals will have to pay for it because we won't be at our jobs!

I'm getting really, really scared.

Posted by: Bibliophile at June 01, 2009 03:31 PM (y5VNb)

demographic bombs are just what the doctor ordered,

Progress Must Progress!

Posted by: american taxpayer at June 01, 2009 03:31 PM (IRh55)

43 I'm wondering when our Zimbabwe-scale inflation is going to kick in. I don't see how we can continue to carry numbers like this and have a viable economy. I'm trying my damnedest to get a house right now before it does. I wonder if I own it if I will be permitted to keep it, though. Maybe I should see about translating my savings into Swiss Francs sooner than later. Thing is, if our economy goes, every other economy will take a major hit also. Gold maybe?

Posted by: Scaredycon at June 01, 2009 03:36 PM (i6YOv)

44 Bibliophile, r u serious about the PDSM? Are we PBs going to be lumped into the same axis as coprophagic hysterics? Borderline dystopics? Narcissistic schizoids? Not that I'm making any judgments about anyone's behavior....

Posted by: Big Fat Meanie at June 01, 2009 03:37 PM (XoYY8)

45 GM = Social Security
Chrysler = Medicare

We may have already missed the point of no return.

Posted by: WTF Capital Investments at June 01, 2009 03:44 PM (GtYrq)

I suggest buying a wheelbarrow now for all the cash you're going to have to carry around when hyperinflation hits. One less thing to buy when it hits.

Of course, the enterprising amongst us will buy a lot of wheelbarrows and sell them for a profit later on.

Posted by: Hellfire at June 01, 2009 03:46 PM (iV6L6)

47
Wheeeee! Argentina here we come!

At leas that will mean steak, red wine, and hot Argentine women all around!

What?..Oh, crap. Right.

This is going to be Obamatina, so it'll be tofu, wheat grass tea, and Jeananne Garafalo.

Posted by: DelD at June 01, 2009 03:51 PM (WHoJw)

48 You ain't seen nothin' yet!

Posted by: Obama at June 01, 2009 03:51 PM (ltwze)

Sorry, but no joke. We'll finally be diagnosed as mentally ill for being truly conservative. Liberals can't be, because, you know, they're right. . . about everything. All the time.

Posted by: Bibliophile at June 01, 2009 03:52 PM (y5VNb)

50 I used to joke about it, but now I'm serious. There is only one solution, and that is Zimbabwe inflation. If our cash loses 90% of its value, then $500k debt per household becomes a lot more reasonable. Plus, a lot of us become instant millionaires.

Posted by: wooga at June 01, 2009 03:53 PM (2p0e3)

51 the hyperinflation is expected to come by 2010

Posted by: Newyorkstatistofmind at June 01, 2009 03:53 PM (7CROl)

52 Zzzzzz....

Posted by: Larry Summers at June 01, 2009 03:57 PM (sey23)

53 Wow, it looks like that op-ed in the English version of Pravda was right. At best, the U.S. will be the Weimar Republic, at worst Zimbabwe. We are all Zimbabweans now!

Posted by: runningrn at June 01, 2009 03:59 PM (aC/SY)

54 Are you sure it's not $54.66 per taxpayer? Sometimes Turbo Tax moves the decimal point around. I learned that the hard way.

Posted by: Timothy Geithner at June 01, 2009 04:02 PM (sey23)

55 Barack will make you work.

Posted by: Michelle "Call me 'Arms'" Obama at June 01, 2009 04:05 PM (sey23)

56 Dear O,

I am John Galt. I don't owe you shit.

Luvyameanitbye

Posted by: krukke1 at June 01, 2009 04:08 PM (GMn5O)

57 No, no! You are all looking at this the wrong way! This just means that we can all trade our $546,668 shares of government debt in for carbon offsets, and within a year, global warming will be defeated, the economy back on track, and we can all start borrowing shit-loads of money to buy overpriced crap from China again! And houses! And cars! And medical insurance! O, wait, no medical insurance. The government is just going to GIVE us all our medical shit free, LIKE IN RUSSIA! (Little known true fact: Obama watched the movie Repo Man two thousand times as a kid. He was addicted. His entire domestic agenda was obtained from this simple colloqy between Otto and Bud: "Bud: Credit is a sacred trust, it's what our free society is founded on. Do you think they give a damn about their bills in Russia? I said, do you think they give a damn about their bills in Russia? Otto: They don't pay bills in Russia, it's all free." See, you just have to learn to look at these kinds of things in the Obama way.

Posted by: Sharkman at June 01, 2009 04:14 PM (OcxlV)

58 can you default on your share?

Posted by: muffy at June 01, 2009 04:19 PM (zplc6)

59 can you default on your share?

Posted by: muffy at June 01, 2009 04:20 PM (zplc6)

60 Wait, is that $546,668 before or after you deduct my new holdings in GM?

Posted by: MrsPaulsFishSticks at June 01, 2009 04:27 PM (iYbLN)

61 Kids today will probably kill of my generation when they become adults and get the bill for all this shit. Can't say as I blame them. They're fucked. No buying homes, no vacations, no nothin...just getting food on the table will be difficult. Sorry kids. Remember the term Democrat!!!!

Posted by: Sparky at June 01, 2009 04:48 PM (J1f2W)

62
If the Republicans had a ny brains, which they don't, but if they did, they'd start phrasing Obama's and the Democrat's spending in terms of Iraq Wars.

"The such & such plan by Obama is costing the equivalent of 2 Iraq Wars."
"This act will cost us five Iraq Wars."

Stick it up the Obama's and the Democrat's asses just like they did to Bush.

Posted by: Unicle at June 01, 2009 04:55 PM (4l4QP)

63 Socialism doesn't create a rising tide that lifts all boats. It drains the lake and teaches the boat riders not to help themselves by rowing.

Posted by: CrackrJak at June 01, 2009 04:59 PM (lXdDR)

64 My daughter is 9. She wants to be a veterinarian. I'm all for it. It's a cool job, with good earning potential, fairly steady work hours, and it's an honorable profession. She can get a little practice going, maybe even with a boost from the National Bank of Dad, and otherwise have a pretty good professional life. Then she can pay her taxes and go home to the driest water heater box under the overpass.

Posted by: Herr Morgenholz at June 01, 2009 05:00 PM (6IQEZ)

65 Bibliophile, so Teh Mental Health Deciders will put us into a position where we'll react in a hostile manner. Splendid. When we turn the tables, we should make Michael Savage the Minister for Mental Health and Natural Remedies.

Posted by: Big Fat Meanie at June 01, 2009 05:10 PM (n2eCn)

66 $546K? Oh shit, I dread the monthly service fees on THAT

Posted by: kbdabear at June 01, 2009 05:22 PM (93F13)

67 WASF

Posted by: steevy at June 01, 2009 05:26 PM (WHOLq)

68 Oh what's the Big Deal? After all, we only owe it to ourselves, right?

Ummm... we ARE the Red Chinese, right?

Guys??

Posted by: CoolCzech at June 01, 2009 05:29 PM (iafWn)

69 I've got it from a pretty reliable source that all that Social Security money is in a lock-box...somewhere.

Posted by: Hongqi at June 01, 2009 05:32 PM (+WuMm)

70 Follow my thinking. If we, the American taxpayers, now own 60% of GM can I use this as collateral to buy a house or a bitchin' boat now?

Posted by: MrsPaulsFishSticks at June 01, 2009 05:32 PM (iYbLN)

71 @70: No, but you're eligible to assume a portion of GM's debt: congrats.

Posted by: CoolCzech at June 01, 2009 06:00 PM (iafWn)

72 43 I'm wondering when our Zimbabwe-scale inflation is going to kick in. I don't see how we can continue to carry numbers like this and have a viable economy. I'm trying my damnedest to get a house right now before it does. I wonder if I own it if I will be permitted to keep it, though. Maybe I should see about translating my savings into Swiss Francs sooner than later. Thing is, if our economy goes, every other economy will take a major hit also. Gold maybe?

Life is surreal right now. The value of the dollar is down, government spending is up, government and personal debt is up, oil is up, gas is up, yet the stock market is up as well. My guess is that the market is being manipulated, and this is a false bubble. Personally, I'm not looking for recovery at the end of the year, I'm looking for hyperinflation.

Gold is too high for me. I'm thinkin' silver.

Posted by: shibumi at June 01, 2009 06:03 PM (OKZrE)

73 I think I've got a twenty in here somewhere...

Posted by: Joey the Rat, Live from Italy at June 01, 2009 06:04 PM (mqmq2)

74 Don't worry!
Every liberal I've talked to assures me this stuff will be paid for by taxing corporations and the rich. And cigarettes. So we're good.

Posted by: Flubber at June 01, 2009 06:05 PM (e1FEt)

75 57 No, no! You are all looking at this the wrong way! This just means that we can all trade our $546,668 shares of government debt in for carbon offsets, and within a year, global warming will be defeated, the economy back on track, and we can all start borrowing shit-loads of money to buy overpriced crap from China again! And houses! And cars! And medical insurance! O, wait, no medical insurance. The government is just going to GIVE us all our medical shit free, LIKE IN RUSSIA! (Little known true fact: Obama watched the movie Repo Man two thousand times as a kid. He was addicted. His entire domestic agenda was obtained from this simple colloqy between Otto and Bud: "Bud: Credit is a sacred trust, it's what our free society is founded on. Do you think they give a damn about their bills in Russia? I said, do you think they give a damn about their bills in Russia? Otto: They don't pay bills in Russia, it's all free." See, you just have to learn to look at these kinds of things in the Obama way.

That was impressive. I predict you will be able to avoid the re-education camps. At least for a while.

Posted by: shibumi at June 01, 2009 06:05 PM (OKZrE)

76 If one is to cope with the coming hard times, then like Papillon, one must have a good plan.

Posted by: Wm T Sherman at June 01, 2009 06:07 PM (w41GQ)

every time I look at this shit it makes me want to ignore it and hope for the best. All I can say is:

CALLING ALL MORONS:

REPORT TO YOU LOCAL TEA PARTY ON JULY 4TH!

Posted by: 7HEAVENS at June 01, 2009 06:16 PM (Wg0Cb)

78 43 - "I'm wondering when our Zimbabwe-scale inflation is going to kick in."

Surprisingly, we may not see that. There's a difference between inflation and hyperinflation, in that the latter is a currency event, not solely economic.

Instead, I think we're getting massive asset-derived deflation that'll continue for at least the next year or 2. Then inflation, with a possible wage-price spiral if they get linked.

Posted by: Evil Midnight Bomber What Bombs at Midnight at June 01, 2009 06:19 PM (taJZA)

79 Also: Depending on needs, you may want to sit on buying a house for the next 6 mos. I'm seeing too much volatility right now in real-estate to want to go there, and thinking we'll go further down [but interest rates will ratchet up, so whatevs.]

Posted by: Evil Midnight Bomber What Bombs at Midnight at June 01, 2009 06:21 PM (taJZA)

80 I don't see any resolution, that doesn't involve a lot of dead tax collectors, followed closely by a lot of dead citizens, followed closely by a lot more dead Justice and Treasury folks, followed by the army, national guard, and state guards overthrowing our civilian leadership because they refuse to carry out unjust orders.

I can see Obama threatening to order a nuclear strike on US soil, to bribe the citizenry to let him keep power.

Posted by: dustydog at June 01, 2009 07:04 PM (5u36L)

81 Three cheers for our God, unrestrained Democracy.

Posted by: MlR at June 01, 2009 07:44 PM (0vdx6)

Those numbers can't be correct.

When I starred in WAllStreet..

Posted by: brian dennehy at June 01, 2009 07:50 PM (f70fM)

83 Um, I don't have $546,668...

Posted by: Shannon at June 01, 2009 08:05 PM (v4qA1)

84 Wow! That's almost as much as my mortgage.

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Posted by: royalmewigs at June 01, 2009 10:01 PM (eOOCj)

86 "People used to have lots of kids because, in part, those kids would take care of you in your old age"

No, people used to have lots of kids because there wasn't good birth control available.

Posted by: Jane at June 01, 2009 10:02 PM (gIQ7K)

87
People who voted for the Hope 'n Change should have to pay for it.

Posted by: Jane at June 01, 2009 10:04 PM (gIQ7K)

88 "62% of that $546,668 is Bush's fault"

Ummm, not, its not. Most of that money is entitlements - Social Security, Medicaid, etc - programs that were in place when Bush took office.

But Obama is working really hard on making a big impact all by himself.

Posted by: Jane at June 01, 2009 10:24 PM (gIQ7K)

89 Well, look at it this way: Could your household handle the minmum monthly payment for a $546k debt in addition to whatever expenses your carrying now? No? Then with a majority of American households answering in a similar manner how exactly do we expect to come back from this as a country?

Posted by: LC at June 01, 2009 10:37 PM (Aaoov)

90 Actually, I may owe a little more than the $546k...I had an extra Diet Coke and the order of chicken fingers.

Posted by: Hongqi at June 01, 2009 11:06 PM (+WuMm)

91 "Obama isn't responsible for all of this; but he did just increase our obligations by a not-too-shabby twelve percent in just about 140 days."

I don't see that. The USA Today article linked by the Atlantic refers to

"The 12% rise in red ink in 2008" (presumably, as opposed to 2007).

Posted by: Stumbo at June 02, 2009 12:06 AM (dPaNC)

92 Hammer @ 20 "I find it very difficult to believe O is bumbling aimlessly around, making all of these mistakes. "

I don't give him that much credit. He's a True Believer in the leftist idiocy he espouses. Plus the main ones telling me how brilliant he is are the stupidest people I know.
It ain't like he knows better and is doing it anyway. No no. That's giving the clueless twat too much credit. He DOESN'T know better, and he's disabled from knowing better, by all the retarded hippy bullshit he's been raised from birth to believe in.
Well, that plus law school.

Posted by: Stoop Davy Dave at June 02, 2009 04:08 AM (8uo0t)

93 JackStraw @ 28 "So what are we doing? Giving them huge parts of the private sector to manage."

Well now wait! It's not like we just rushed into that! Didn't we give GM $50Bilyoons, first, plus a three-week head start, THEN take it over? So it's not like we're being all hasty and profligate and stuff, so shame on you for suggesting that we are!
We may have to audit your taxes if you keep on being troublesome like that.

Posted by: Timothy @ Treasury at June 02, 2009 04:15 AM (8uo0t)

94 Unicle @ 62 "; font-style: italic;">"The such & such plan by Obama is costing the equivalent of 2 Iraq Wars." "This act will cost us five Iraq Wars.""

Oh now THAT's good! That's friggin' beauty, that is!
Stoke up that meme and send it around the tracks, or whatever the expression is!

Posted by: Stoop Davy Dave at June 02, 2009 04:30 AM (8uo0t)

95 If one is to cope with the coming hard times, then like Papillon, one must have a good plan.

We're all set then.

Obama and the democrats said they have a plan.

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