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President Barack Obama's budget would generate unsustainably large deficits averaging almost $1 trillion a year over the next decade, according to new estimates released Friday.
um, yea... but it's still not fair to blame just Obama. This mess has been in the works for a long time and through several administrations. Too bad we have an illogical aversion to voting third party.
President Barack Obama's budget would generate unsustainably large deficits averaging almost $1 trillion a year over the next decade, according to new estimates released Friday.
With this system there is little else to be done. All our money is debt. Which debt do you want?
Consumer debt? Thats the road we have been on to doom.
Business debt? Sure, but banks are not loaning to them and who knows whether they can grow the money supply at a rate we had grown consumer debt and grow equity.
Whats left? Government debt. Fast forward to Japan with a 180 debt to GDP ratio. Japanese citizens don't want to go into debt so....
We could pay off the nation debt tomorrow if we wanted to. I can't think of anything more simple than to pay off the nation debt.
99 out of 100 people have no idea what the national debt is or what it means and its costing us trillions.
With this system there is little else to be done. All our money is debt. Which debt do you want?
Consumer debt? Thats the road we have been on to doom.
Business debt? Sure, but banks are not loaning to them and who knows whether they can grow the money supply at a rate we had grown consumer debt and grow equity.
Whats left? Government debt. Fast forward to Japan with a 180 debt to GDP ratio. Japanese citizens don't want to go into debt so....
We could pay off the nation debt tomorrow if we wanted to. I can't think of anything more simple than to pay off the nation debt.
99 out of 100 people have no idea what the national debt is or what it means and its costing us trillions.
what americans do know is that japan tried some of the tricks that obama is pulling 15 years ago and they are still in a recession.....
Perhaps what we need is the revival of the Whig party or something, a party devoted to professional and business types, with an emphasis on fiscal discipline, and without all of the social trappings. Almost any kind of third party of a decent size would slow things down a little.
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