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Why isn't this talked about more? Mainly the issues are the rate of increase, the entitlements more people are demanding by electing a big gov president, and the fact that the only reason why we are dealing with this debt ok now is because interest rates on the national debt are historically very very low.
That means much higher interest-only payments that what will be coming in the future.
So I'm seeing a "perfect storm" coming up - Massive growing debt, rising interest rates, so much higher interest only payments on national debt, and 50% of the population being gov dependent (whether social security, medicare, welfare, foods stamps), yet the gov will broke.
Bernanke is pumping $80 billion per month into the system and buying back ST Treasuries in favor of LT Treasuries.
All this is being done to keep rates at or near 0%.
It's got something to with the arrogance of the liberals. They smirk at the problems of Greece, Spain, and other nations and believe that somehow for some reason, it's just somehow different here - we can just blissfully go on spending, and spending more, hiking the debt to never imagined heights.
That is the one thing that made me mad about the election. Seems alot of people that voted liberal, were focused on social issues like legalized weed, worrys of abortion, etc...
Not fiscals issues, which shoudl be our number one focus, once we regain our wealth then we can sit and bicker about social issues that will never make everyone happy.
That is the one thing that made me mad about the election. Seems alot of people that voted liberal, were focused on social issues like legalized weed, worrys of abortion, etc...
Not fiscals issues, which shoudl be our number one focus, once we regain our wealth then we can sit and bicker about social issues that will never make everyone happy.
Because the only options to deal with fiscal issues are cuts and taxes.
Much easier to just forget about that and get into office on social issues.
Bernanke is pumping $80 billion per month into the system and buying back ST Treasuries in favor of LT Treasuries.
All this is being done to keep rates at or near 0%.
Yeah, that is helping manage the national debt payment. Another thing that is keeping it low is people not buying European debt. So the US looks better in comparison. Nothing lasts forever though.
It's got something to with the arrogance of the liberals. They smirk at the problems of Greece, Spain, and other nations and believe that somehow for some reason, it's just somehow different here - we can just blissfully go on spending, and spending more, hiking the debt to never imagined heights.
i don't think many of them even understand and it will affect them most. You can't tax your way out of debt, when spending is the problem. Sure, taxes will probably go up for everyone, but it's easier to have a job and higher taxes, then to lose your gov benefits.
Face it Lepew, our childrens futures have been stolen by our lazy, ignorant, statist, counterparts in this nation. The only thing they've left us to look forward to is the second American civil war when we get to properly deal with them.
Because people now a days are idiots!!
To busy watching important stuff like Jersey shore and Snooky.
The part I wonder about the most is...we are doing the same crap Europe has done and they are broke but somehow American liberals can make it work,thats the death of liberal thinking.
American liberal---I'm so smart I can make the unworkable work....lol.
Just like the titanic is unsinkable.
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