Does the Government Have a Revenue or Deficit Problem? (Obama, party, national debt)
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I thought this was about as simple and on target as one can get... Take out the party, since both are equally guilty, now what do we do.. Eventually something is going to happen. No country can continue to spend like we do and get away with it forever regardless of what Biden The Brainless tells people.
We could get into the whole money printing issue in addition to the fact that a vast majority of our money is not held by Americans but foreigners but that would be a whole other topic..
We have a Deficit problem because there can never be enough revenue to pacify our government. There are no limits to what they will spend OUR money on...
Don't you mean a reveue or spending probem. Revnues not dufficent ot spening can lead to deficit. IMO;its a choice to cut or to spend more on governmnt but one always has to relaise its means less spenig on privte setor.Compnaies react to defcit meanig future liabitlilties much has most indivivulas do it not a spending and prepaerig for what is ahrad has consequences.that s slear if you look at what is happenig from main street to wall street.
This isn't even about Democrat or Republican... They are all guilty of it... They are all more than willing to waste our money on any number of pet pork projects and all too willing to expand government.
We could get into the whole money printing issue in addition to the fact that a vast majority of our money is not held by Americans but foreigners but that would be a whole other topic..
A.) The vast majority of our debt is held by the American public.
B.) We have a spending problem.
[youtube]pES9C7fX_Co[/youtube]
[URL="http://www.youtube.com/watch?v=pES9C7fX_Co"]Does Government Have a Revenue or Spending Problem? - YouTube[/URL]
I thought this was about as simple and on target as one can get... Take out the party, since both are equally guilty, now what do we do.. Eventually something is going to happen. No country can continue to spend like we do and get away with it forever regardless of what Biden The Brainless tells people.
We could get into the whole money printing issue in addition to the fact that a vast majority of our money is not held by Americans but foreigners but that would be a whole other topic..
A record breaking $2.7 Trillion taxes will be collected in 2013. Problem is that the government will be spending $3.4 Trillion. And the Fed Reserve is printing $85 Billion a month.
Definitely, the government has a huge spending problem, and most of it is on nonsense. Examples: the national debt has exploded under both Bush & Obama and the gross Debt to GDP ratio is over 100%. Not to mention that the U.S. is in debt with most nations.
A.) The vast majority of our debt is held by the American public.
B.) We have a spending problem.
Unfortunately your right they only own 48% as of 2011. I wonder if they made up for the 3% in the last 16 months. Considering how we are spending money we don't have I bet it's close.
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