Isn't the definition of bankrupt to be broke? How does Obama calculate it?

Question

bank·rupt (bāngk'rŭpt', -rəpt)
a.Having been legally declared financially insolvent.
b.Financially ruined; impoverished.
c.Depleted of valuable qualities or characteristics: a morally and ethically bankrupt politician.
d.Totally depleted; destitute: was bankrupt of new ideas.
e.Being in a ruined state: a bankrupt foreign policy.
f. Obama

http://content.usatoday.com/communities/theoval/post/2009/12/obama-government-will-go-bankrupt-without-health-care-bill/1
I'm not sure of how you operate your finances in your house but in mine.....when debt exceeds profit or the ability to gain profit within a short time frame, I CALL IT BANKRUPT.

So do ya think barry's just kidding around about the whole "bankrupt thingy"?

Answer 1

I guess it's time to cut a little spending.



Wow, I think I just saved out nation from total destruction.

Answer 2

The usA is already bankrupt. Our debt is 12 trillion dollars and growing. It is insolvent. If GM and Chrysler could print their own money, then they wouldn't have filed for bankruptcy either. Obama is morally bankrupt.

Answer 3

Obama is bankrupt when it comes to business sense, executive experience, and military experience the three things any good president would have. He is morally bankrupt as well because he lies over and over to the American people without having any qualms about it.

Answer 4

In his feeble mind, It probably seemed like the most effective thing to say to try and get what he wants. He isnt, and never will, Worry about facts of any kind. Its like his idea of "saving" a job. Hes trying to make things dramatic thinking people will buy into it. And Liberals have.

Answer 5

I think there is a huge part of American population who offers up the "Accounting Fallacy" on monetary policy (and it can come from members of any party) mostly because they are ignorant and have other agendas.

Answer 6

Maybe he's using the "Bush/Republican " definition :-)



"Invade a country that does NOT need invading, and to pay for it, and still say "we won't raise your taxes", just (quietly) ADD IT TO THE US FEDERAL DEBT! "Who will notice $3 TRILLION?"



Thanks George!

Thanks GOP!

Answer 7

When persuasion fails politicians uses fear to scare the people to the will of the politicians. That effects 69% of our citizens because they respond to fear.

Answer 8

Obama's administration lacks real world experience in the private sector and real life experience away from the public trough.

Answer 9

I guess if one says connies are bankrupt of neurons, they don't really mean they're completely stupid.

Answer 10

Does the lint in your dryer screen have greater purpose than Barack HUSSIEN Obama?