Obama's debts

[ISASO]

From the day George Washington took office until the day Barack Obama took office, the U.S. borrowed 9 trillion dollars.

From the day Barack Obama took office, the U.S. has borrowed 3.5 trillion dollars.

:shock: :shock:
:shock: :shock:
:shock: :shock:
:shock: :shock:
:shock: :shock:

[InWuWeTrust]

Is this real dollars or dollars adjusted for inflation?

$1 in 1900 = $18 now

[Downtown Shocker Brown]

A gallon of gas cost like $.03 in 1900 and $2.50 to $4.00 now

[1979Shocker]

A gallon of milk costs more than a gallon of gas, depending on the fat content.

[WuDrWu]

I wonder who makes more on a gallon of gasoline.

Big bad evil oil companies or the government?

[Smooth007]

I wonder who makes more on a gallon of gasoline.

Big bad evil oil companies or the government?

Depends on if it is an election year.

[1979Shocker]

I wonder who makes more on a gallon of gasoline.

Big bad evil oil companies or the government?

Here's some info from FactCheck.org

http://www.factcheck.org/askfactcheck/does_the_government_really_make_more_in.html

Q: Does the government really make more in taxes from the sale of a gallon of gasoline than the oil companies do?

A: Possibly. Both taxes and profits account for a large share, but which is larger depends on too many unknown factors to allow for a clear answer.

So, to the question of whether motorists pay more per gallon to the government than to oil-company profits, we can say only this: The answer depends on the state in which the fuel is purchased, the company that produced it and sold it, and when the motorist bought it.

[WuDrWu]

I am familiar with that information. And the true answer is it is very close.

Of course, one entity risks everything to make the sale. The other just puts out it's hand and says "gimme".


But, we all know which one is evil.

[SubGod22]

But with that info we can say that the gov't is full of crap when they start attacking oil companies about the cost of gas.

[WuDrWu]

............that the gov't is full of crap............

Did you pull that from the Department of Redundancy Department?

[SubGod22]

My apologies Doc.

[ISASO]

Is this real dollars or dollars adjusted for inflation?

$1 in 1900 = $18 now

In 2007 the national debt was something like 160 billion. Now it is around 1.4 trillion. Should we analyze the effects of inflation on these dollars?

[WuDrWu]

Is this real dollars or dollars adjusted for inflation?

$1 in 1900 = $18 now

In 2007 the national debt was something like 160 billion. Now it is around 1.4 trillion. Should we analyze the effects of inflation on these dollars?

Absolutely, because what we really need now are a bunch more elitist, academia eggheads walking around with a bunch more great answers to the problems that plague us. I mean they've been so good fixing things up to now......

[RoyalShock]

Is this real dollars or dollars adjusted for inflation?

$1 in 1900 = $18 now

In 2007 the national debt was something like 160 billion. Now it is around 1.4 trillion. Should we analyze the effects of inflation on these dollars?

I think you mean deficit, not debt.

[BOBB]

I am familiar with that information. And the true answer is it is very close.

Of course, one entity risks everything to make the sale. The other just puts out it's hand and says "gimme".


But, we all know which one is evil.

Sort of. One entity risks all their capital, while they extract the resources from the ground owned by the public and put the public at risk (BP) in so doing. The tax on gasoline amounts to a use tax on public roads. Isn't this a "pay as you go" style of revenue favored by the right?

BTW - say nothing of asthma, global warming, etc... which are not going to be solved here.