Posted November 1, 2012 | comments 25 Comments

Letter to the Editor: What about money borrowed from China?


I read that President Obama bailed out General Motors, and General Motors has paid back most of the bailout money.

So, if Obama borrowed a trillion dollars from China, did he pay back that trillion dollars to China? Is there any evidence that Obama paid off any of the debt to China? Is he using the money for his campaign, or what?

Kenton Gambill, Strasburg

25 Comments | Leave a comment

    Well, Kendell, you caught him! China personally handed Obama the trillion dollars; it didn't even filter through the budget process. You should see how much fatter he looks with all those bills sticking out of his coat and pants pockets! Since he is a personal friend of mine, he shared some of that money with me. And I love looking at all of it stacked up here in my living room. Green, green, green, for as far as the eyes can see. Remember as kids when we used to rake leaves in a pile, then run and jump in them? Well, that's what I'm doing with all of this money. Sure is fun too!

      Getting rather silly here, Jane. You usually do much better than this!!!!!

        Well Jane has worked very hard to "do much better than that" and for what? Personally I'm totally weary of hearing the ignorance from these die-hard Republican zombies. So let her enjoy the sarcastic humor - only be careful these sponge brains will believe you. ;)

        I've been waiting to hear how Obama actually caused Sandy Super Storm so he could make an appearance in N.J. and take the focus off Myth Romney.

        I mean after all, we do remember that some of these Republicans felt Obama tampered with the weather when they had their convention. Must be black man Voodoo! You just never know.

        Wonder if Gambill has been concerned abut the unfunded wars Bush started? You would think if someone writes to the editor, they would at least have something to say.


      Love the humor Jane. What I would like to know is Mr. Gambill really so ignorant of campaign funding that he really thinks that Obama is spending federal funds on his campaign. Or is he trying for humor as well? Maybe he is just a sarcastic individual?

        Thanks, user123. I doubt that Mr. Gambill is ignorant at all; however, I believe some slick 'no good' is pumping Mr. Gambill with a bunch of lies. The 'someone' is more than likely affiliated with these right-winged churches.

        As I read on a thread or Facebook entry, Graham criticized Mormonism as a 'cult' UNTIL Romney became the Republican presidential candidate--how phony is that?

    Sorry, Kendell, Caught me before I had coffee...just could resist!

    The Romney ad’s claim that “over 30 cents of every dollar Obama spends is borrowed,” is accurate — the CBO estimates that in fiscal year 2012, the nation took in receipts of $2.45 trillion and had “outlays” of $3.54 trillion. So just over 30 cents on the dollar was borrowed. We should point out that the 30-cent figure has come down steadily under Obama. We borrowed over 40 cents on the dollar in fiscal year 2009.

    And actually, China hasn’t been lending more to the U.S. lately. On the contrary, it unloaded $165 billion in U.S. Treasury securities in the 12 months ending July 31, according to the latest figures. Of all the money borrowed by the U.S. government over the years, China now holds 10 percent — still a substantial amount. But that’s down from 13.4 percent a year earlier. Overall, foreigners own $5.3 trillion, or about 47 percent, of the public debt, which means Americans own 53 percent of it.

    So when campaigns claim to be citing “facts” that turn out to be misleading, where does one turn for independent un-spun numbers? For starters, FactCheck.org has put out an Obama by-the-numbers guide*, an unvarnished look at statistical measures of the president’s term to date.


    * http://factcheck.org/2012/10/obamas-numbers/

    *just could NOT resist...

    sjf, Saw you comment AFTER I did the second post. Yes, I do especially compared to individuals that jump in here with one liners that offer nothing of substance.

    I would have left my first input stand but, I believe, that someone age 87 that takes the time to post here deserves an intelligent response.

    Sorry for the typo, I left the o out of about ("concerned about the unfunded wars Bush started"). Might need more coffee too.

    "...during a GOP primary debate sponsored by CNN in June 2011, Romney was specifically asked about FEMA’s role in the government and whether states should play a larger role in disaster response.

    ROMNEY: Absolutely. Every time you have an occasion to take something from the federal government and send it back to the states, that’s the right direction. And if you can go even further and send it back to the private sector, that’s even better. Instead of thinking in the federal budget, what we should cut — we should ask ourselves the opposite question. What should we keep? We should take all of what we’re doing at the federal level and say, what are the things we’re doing that we don’t have to do?...

    CNN’s KING: Including disaster relief, though?

    ROMNEY: We cannot afford to do those things without jeopardizing the future for our kids. It is simply immoral, in my view, for us to continue to rack up larger and larger debts and pass them on to our kids, knowing full well that we’ll all be dead and gone before it’s paid off. It makes no sense at all.

    Now, Romney alters his position on FEMA in a statement to ABC News Thursday.

    “I believe that FEMA plays a key role in working with states and localities to prepare for and respond to natural disasters,” he said. “As president, I will ensure FEMA has the funding it needs to fulfill its mission, while directing maximum resources to the first responders who work tirelessly to help those in need, because states and localities are in the best position to get aid to the individuals and communities affected by natural disasters.”

    I lived and worked in Homestead, Florida for a year; unfortunately, it was the time frame that Hurricane Andrew visited--August 24, 1992. I lost everything! I saw 'private sector' trucks loaded with water, ice, and food pull into these areas after the storm. The prices they were charging people for these items was criminal! I cannot remember the prices today but I know many thought they should have been thrown in jail! Private sector profiteers would be the very last entity you need when dealing with such disasters.

    Romney has changed positions so many times, how can you know his stand from one day to the next?

    So, Mr. Gambill. this is the man you wish to have in charge of our country?

    Obama is not perfect but then there has never been a perfect president. Obama, however, is 'steady as he goes'; he is a calm, self assured, and intelligent--qualities which I admire in someone who asks me if he is worthy to have the most important paid job in the world.

    I am fairly certain that most men walking into the Oval Office for the first time think they will change the world ... High Hopes! No President will ever fulfill all of his campaign commitments. All of the men who have entered that office, after reconnoitering, have had to make adjustments to their goals.

    Prime example of change, as I posted earlier, Romney wanted FEMA moved to the private sector but seeing NJ he has--at least--for now backtracked. Nothing new for Mr. Romney, I do not know of one policy on which he has not reversed direction. He is like a weather vane blowing in the breeze--pointing in one direction today and the opposition direction tomorrow. How can anyone know him when he doesn't seem to know himself?

    As I have said many times: I've gone over to the dark side. The side that says: gimme mine. I am now a part of the PC crowd, having registered as an official member. So us welfare rats don't have a thing to worry about: Obama will keep the spigots flowing. and BTW, thanks to all you Democrat Congress persons: you'll never cut a welfare program (there's so many now, it's hard to choose), because you want to get re-elected, and us welfare rats are your base. Life is sweet. I'm not kidding. With Obama it's 4 more years on the gravy train.

    Abt 6 years ago I began to read The Economist, (it was, hopefully still is printed locally). I realize that many will not find this magazine of particular interest unless you work in the financial sector. It's endorsement of the President comes with heavy criticism, but still worth a look.


    What? Say it isn't so....Senate Republicans hiding study information that making the rich even richer wont trickle down!


    "Among the new disclosures is that the CIA station chief in Tripoli sent an emergency security force, with about a half-dozen agency operatives as well as two U.S. military personnel, to Benghazi aboard a hastily chartered aircraft while the attack was underway.

    "The CIA team attempted to organize an effort to make its way to a hospital where U.S. Ambassador J. Christopher Stevens had been taken and was thought to be still alive. But the team was held up by Libyan officials at the airport and scrapped the plan to reach Stevens after learning that the security situation at the hospital was uncertain.

    U.S. officials also formally acknowledged for the first time that the annex in Benghazi to which U.S. diplomatic personnel were evacuated was a CIA base that the agency had established as its first stronghold in Libya before autocrat Moammar Gaddafi was overthrown late last year.


      There is a youtube video where Glenn Beck is now pushing the "conspiracy theory" that Ambassador Stevens was actually a gun smuggler and thus why its all a "big cover up".

      It is absolutely sickening how low these teabillies will sink. I say again, they need charged with domestic terrorism and shot for treason. They can't claim its just free speech because they have idiots parroting around their every word like its gospel. America will never heal as long as we have voters that gobble their shite right up.

      *Note: I'm not posting the link to the video, because its just plain sick. I only found out courtesy of the fictional character Tom Joad on FB, who took it upon himself to tell Beck just what a sick freak* he is.

    Steve: We have no clue about you. Do you think we should all believe what you say? Yep we are all gullible as ever in the valley....NOT!!

    Steve, we can make this pretty simple. First you tell me why oil companies that continue to make record profits need billions of dollars in subsidies. THEN we address the OH SO UNJUST helping of the poor... Mmmmmkay?

    Why do you feel slighted that your tax money goes to help poor people, but seem to have no issue that it helps the filthy rich and the GOP protect that?

    The regulars who live to make comments should consider starting a cult. Oh wait, with the same attacks from the same people I think the cult already exists.
    It's a good core group though. Determined to smother any opposition. It's a good thing our government was established to allow for such single-minded, narrow thinking by creating a democracy.
    Hitler had his group much like the regulars who comment on every political story or letter to the editor published in the NVD. They perished along with him.
    No room in my bunker for you.

    This is just for you, Cinderella:

    The Mendacity of Mitt Romney, caught telling 923 lies since January 2012

    Here is the latest list of searchable lies listed chronologically with comments and reference source weblink.

    November 2, 2012 -- 33 New Mitt Romney Lies This Week

    See #890 thru #923 for this weeks list of lies


    Best comment on the thread....no doubt...Irishman! It sure would be nice to have 10 major political parties instead of two. More parties, less huge amounts of free money. Competition would benefit all of us.

    And to Jane...you are letting a little emotion show through. Getting close to the big election maybe? I thought that was a little rough on Steve but I definately can't get on a high horse there!

    I only have a few days left until I can watch the networks again. I think we could all agree those commercials are as enjoyable as sticking a limb out of a fast moving vehicle, on the pavement, and grinding it bone and all.

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