Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The government is not an individual. The government controls the money. They can print money. They can issue bonds. You cannot do that. So why would you be so simple minded?
.
I don't understand your point. If printing money and issuing bonds are an easy solution, why didn't EU bailout countries do this instead? Do you not believe there is a limit to how much money can be printed or bonds issued?
The government is not an individual. The government controls the money. They can print money. They can issue bonds. You cannot do that. So why would you be so simple minded?
So here is reality. Congress created laws in which people are qualified for certain programs. Those programs are GROWING because people are getting older. Spending will increase. If you slow done the rate of growth you have cut spending.
Again, we just had this very situation happen not very long ago. The first bush raised taxes. The Clinton raised taxes and put on spending restraints, and those actions led to a balanced budget combined with a booming economy.
Funny how liberals forget that Clinton got crushed in 1994 and had to work with the adults in Congress and then, later, after he sexually humiliated Hillary and lied under oath about it he had to do what the fiscally prudent GOP said to keep his job. That gave us a very temporary "surplus".
But anyway, the government should just use your solution and print up $100 trillion. That will erase the debt and deficit and leave trillions left over for all kinds of zany social engineering programs.
Well its a good thing we won't have to worry about it. GOP will have the house and senate and democrats will have president. Which means hopefully can jam things up for another 4 years and get nothing passed which is probably for the better for Americans.
I don't understand your point. If printing money and issuing bonds are an easy solution, why didn't EU bailout countries do this instead? Do you not believe there is a limit to how much money can be printed or bonds issued?
EU? I didn't write anything about easy. I wrote nothing about the EU.
I don't believe in much of anything. Do I think there is a limit. Yes, everything has a limit, but I think the MARKET should decide the limit, not ideology or fantasies. The MARKET is telling the US government to issue more debt.
EU? I didn't write anything about easy. I wrote nothing about the EU.
I don't believe in much of anything. Do I think there is a limit. Yes, everything has a limit, but I think the MARKET should decide the limit, not ideology or fantasies. The MARKET is telling the US government to issue more debt.
I didn't say you wrote anything about the EU. The EU countries and other historical examples show that having a high debt to GDP ratio is dangerous for a nation's economy. I, for one do not want to wait on a reactionary market to decide at what point we've gone over the cliff. Our current form of government works much too slow to turn the ship around once the market spanks our hand.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Democratic Control of White House, House and Senate: What would the results be?
