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Next President, should get every freaken free pass that this one has gotten, from media, News Outlets, Magazine articles, Hollywood weird Azz Celebs, Music Industry, I can go on.
Good. Don't even think about the possibility, and most especially, don't have a plan B.
I do not need a plan B, my plan A worked out just as I expected, the economy crashes I am not in the least bit of trouble, the smart ant prepares for winter and Winter Is coming
fiscally responsible democrat? Might as well try and find a unicorn.
I was thinking the same thing. We haven't seen a fiscally responsible Democrat since JFK. It's been half a century since we had a Democrat who didn't spend like a drunken sailor.
Originally Posted by TreeBeard View Post
As long as a fiscally responsible democrat is elected rather than a lip-service, supply-side, republican Gov. Sam Brownback type who will undoubtedly blow a huge hole in the budget, the US will get its debt and deficit under control.
Bill Clinton
Newt Gingrich.... Bill was drug kicking and screaming.
I don't envy the next president (if it will not be Obama follower). Do you know why? Imagine this scene: former president, while handing over the office, leads the newly elected president by the hand along a foggy path...and here they come to the edge, where the highest mountain can be seen in the distance...and the former president said: "Now it's all yours" and points to the mountain...the mountain, named "National Debt"... Attachment 136301
I don't know . . Hitler inherited a much worse economy and debt, and turned it around in a matter of a few short years.
He then went on to turn around the failed U.S. economy, and made it prosperous again for another 29 years.
There is a huge difference between federal deficits and federal debt. Deficits are created when one spends more money than they take in, same goes with the government. Debt is used to finance long term goals, such a buying a home or automobile. The problem we currently have is the government using debt to finance daily operation of government, this isn't good money management, this is reflected in the markets in a free market society.
The federal government needs to get its deficit spending under control, this happened under the Clinton years to where the government had a surplus. However, stuff happens, Bush used the surplus to finance a war which the surplus didn't last long, therefore a deficit was created again. Bush should have increased taxes to help cover the deficit but instead he choose to increase the debt. We see the same thing taking place under Obama, we have increased government spending to cover things like unemployment, SS and food stamps, you get the point, without increasing taxes the deficit expands and then the only recourse is to borrow money to cover your expenses, bad idea. If you ran you household finances this way you would shortly find yourself in a huge problem.
What I'm saying is debt isn't a bad thing as long as you can service the debt. Debt should be only used to finance long term goals, this applies to government also. We used the national debt to build infrastructure in this country, to help finance this the country needs as a whole, this way it benefits future generations also. To use the national debt to finance the deficit is a catastrophe waiting to happen.
HAHAhahahahahaa!!!!! Oh geez, thanks for that one!
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