How much debt and how big do deficits have to be for a liberal to want to do something about them (employment, Obama)
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So in other words, you have no problem with the staggering deficits we're currently running and will be running the next several years?
I edited that. (I guess after you quoted me)
I do have a problem. I've had a problem for 20yrs! I also had a problem with they Corporatism (worse then any pretend Socialism that republicans like to throw out) that causes a lot of the problems.
I also have a problem with my State. The only state worse than us is California. Unlike CA, we have had a right-wing super majority for years.
I do have a problem. I've had a problem for 20yrs! I also had a problem with they Corporatism (worse then any pretend Socialism that republicans like to throw out) that causes a lot of the problems. I also have a problem with my State. The only state worse than us is California. Unlike CA, we have had a right-wing super majority for years.
You obviously haven't been paying attention to the problems in Illinois, from whence Obama came...
Prepare to be Shocked! Five States in Worst Financial Condition All Solidly Democrat, Heavily Unionized... (http://politifi.com/news/Prepare-to-be-Shocked-Five-States-in-Worst-Financial-Condition-All-Solidly-Democrat-Heavily-Unionized-373608.html - broken link)
$10,000. Anymore and we should start killing off old people to save on medicare. Happy?
I'd rather rather start that at $1 over budget.
Quote:
Originally Posted by roundball
I don't see it as a black and white answer. Sometimes, you need to spend more then you make. It's always a good idea to save if you're able to.
I understand that credit is OK but you have to have a plan to pay back the principle plus the interest. But the .gov doesn't use double entry accounting for their books. Businesses take out loans to expand with the plan that the increased revenue will allow them to pay back the loan. People take out loans for houses and cars which are hard assets. No sane person would take out a loan and then give all of the money to their neighbor with no strings attached. There is no return on investment.
I understand that credit is OK but you have to have a plan to pay back the principle plus the interest. But the .gov doesn't use double entry accounting for their books. Businesses take out loans to expand with the plan that the increased revenue will allow them to pay back the loan. People take out loans for houses and cars which are hard assets. No sane person would take out a loan and then give all of the money to their neighbor with no strings attached. There is no return on investment.
I love the last 30 years of deficit spending and increasing debt, with a massive increase in deficit in the last 8, and people can stare you with a straight face and say it's just the Democrats that spend into debt just in the last couple years.
It would be funny if people didn't actually believe it. Since they do, it's just very sad.
When 0bama has tripled the largest Bush deficit, two years in a row, he deserves the criticism.
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