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.
I dont understand how anyone can say this spending is NOT getting out of control.
Because people have been conditioned to think that deficit spending has no consequences. Deficits mean borrowed money. Borrowed money means interest payments or, in Washington-speak, servicing the debt. At some point the interest payments will balloon and be so large as to consume most of current tax revenues. That will leave little for other federal entitlements, like Social Security. And at that point the choice will be to short change either the creditors who hold our debt or retired and disabled people. Whom do you think will take it in the shorts?
I dont understand how anyone can say this spending is NOT getting out of control.
Because people have been conditioned to think that deficit spending has no consequences. Deficits mean borrowed money. Borrowed money means interest payments or, in Washington-speak, servicing the debt. At some point the interest payments will balloon and be so large as to consume most of current tax revenues. That will leave little for other federal entitlements, like Social Security. And at that point the choice will be to short change either the creditors who hold our debt or retired and disabled people. Whom do you think will take it in the shorts?
I can only hope that Obama will keep his word on this one and not sign this bill if it increases our premiums. Many can't afford to pay higher premiums with a lack of work right now.
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.
