Live data from Hacker News

Infographic - US National Debt

whitehouse.gov

31–32 of 32 posts

Re: Infographic - US National Debt

#31

Earlier quoted context omitted.

It's hard to tell what exactly I'm supposed to learn from the graph. Normally, graphs like this would include a time axis, but this one does not. This makes it non-obvious that the Obama debt is over a shorter period than the Bush debt. If you normalize for time in office and discount the military spending (arguing that any president would have done similar after 9/11), then both administration's debts seem very equa…

There's a ton of verbiage about X dollars of this and Y program of that which have contributed to the debt and deficit. Most of it doesn't serve to enlighten, I'm convinced that it's largely meant to confuse . The Obama administration have just presented a very clear picture of what the components of the debt are. Obama policies have been directed at contingencies and emergencies, not wars of choice and vast pay-offs…

It was my impression that the person called Commander-in-Chief of the United States Armed Forces had the power to give orders to the United States Armed Forces. Unless I am mistaken, any US war that is not occurring within the borders of the US is a war of choice on the part of that person.

Re: Infographic - US National Debt

#32
This is truly hilarious. Banks (private businesses) have a little practice called the 5% reserve rule. They basically make money out of thin air, and legally may loan out all the money they care to create as long as they have at least 5% in real assests somewhere.

Newsflash republican dimwits: Our government does the same thing, except we tell it what to fund and we have no 5% requirement. If we want to go on creating money, we dam well will. Bankers do it every day. They just HATE it that we can do the same via our government.

Post reply on HN