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Under what premise can a country that is $17 Trillion dollars in debt, and expects to be $20+ Trillion in debt in a couple of years, claim to be superpower and an economic powerhouse?
Is it because we can blast any nation of our choosing off the face of the map with our arsenal of bombs?
Or is it because we are dwelling in an age-old theory that America is the Greatest and Most Powerful Country On Earth....a theory that is losing it's meaning with every passing year?
Should we now say America is the Greatest and Most Powerful Country On Earth*..........*IF you forget that we're $17 Trillion in debt and are watching our leverage disappear with every dollar we borrow (or create out of thin air?)
We certainly don't have any money. All we have are bombs. Does that sound like the Greatest and Most Powerful nation on the planet to you?
The US has less debt than Italy, Japan, and Canada, and only slightly more debt than Germany and the UK. You seem to be forgetting that while it has $17 trillion in debt, it also has a ridiculously massive yearly GDP of $15.68 trillion.
And yes, by the common definitions of the term, the United States is currently the only nation in the world with superpower status.
The US has less debt than Italy, Japan, and Canada, and only slightly more debt than Germany and the UK. You seem to be forgetting that while it has $17 trillion in debt, it also has a ridiculously massive yearly GDP of $15.68 trillion.
And yes, by the common definitions of the term, the United States is currently the only nation in the world with superpower status.
Ok, so "superpower" to you means we have a big arsenal of bombs.
This is quite interesting, considering that the "cost" of going to "war" in Syria was a major sticking point for American's. Regardless of our GDP, where do you suppose we would find the money to engage in another war? Clearly, we don't have it, unless you plan to cut major domestic and entitlement programs in order to fund the "war."
How long do you expect debt-funded war (or peacetime) to last before the bill comes due?
Baloney. That is a familiar refrain from conservatives who have no earthly idea what they're talking about. Federal tax receipts have increased every year since 2010. The deficit is decreasing. Obama's budgets have been almost flat since 2010. We can borrow money because interest rates are low.
Baloney. That is a familiar refrain from conservatives who have no earthly idea what they're talking about. Federal tax receipts have increased every year since 2010. The deficit is decreasing. Obama's budgets have been almost flat since 2010. We can borrow money because interest rates are low.
Federal tax receipt increases don't mean diddly squat when the United States of America is not even reaching population replacement rates to sustain its own operations, much less that of supporting global operations.
You're playing checkers with Barack Obama. Meanwhile, the nation continues to tumble downward.
I re-read my post but don't see any spot where I said this.
Well, you certainly didn't back up your position by showing proof of long-term economic viability. GDP doesn't mean jack **** if the debt-to-GDP percentage is expected to completely consume our GDP in a few short years. So what other conclusion can be drawn from your comments?
You, sir/ma'am, are clueless. Federal tax receipt increases don't mean diddly squat when the United States of America is not even reaching population replacement rates to sustain its own operations, much less that of supporting global operations.
Just keep on moving those goalposts.
Quote:
You're playing checkers with Barack Obama. Meanwhile, the nation continues to tumble downward.
Well, you certainly didn't back up your position by showing proof of long-term economic viability. GDP doesn't mean jack **** if the debt-to-GDP percentage is expected to completely consume our GDP in a few short years. So what other conclusion can be drawn from your comments?
Nothing means anything to you. You start a new thread to bellyache about something, you utter some platitude indicating you don't know what you're talking about, then somebody shoots a truck-sized hole in your flimsy argument, then you change the subject to complain about something else.
What goal posts? The United States of America is broke. That's why the debt ceiling debate was important. If we can't borrow money, we can't pay our bills. Isn't that what you folks were screaming about? If we have money, as you claim, then why did the debt ceiling even matter?
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