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The US debt today - as a percentage of GDP - is LESS today than the debt in 1945.
The INTEREST on the debt today - as a percentage of the US budget - is LESS today than the interest on the debt during the REAGAN administration.
We survived both 1945 and the ultra-high debt payments of the Reagan administration - and we'll survive this as well. The Deficit has ALREADY been cut by 1/3 from it's peak in 2009 and is still FALLING.
Ken
Stop printing $1T+ per year and those EBT cards stop working. The only way to sell that much debt is for interest rates to skyrocket.
It only appears as though Obama is competent due to Fed printing. Without the printing, the welfare crowd turns cannibal.
and not only is the walmart family earning the equivalent of 60% of americans.. people don't even have a problem with it!!!
peace.
brian
So friggin what? They are the classic American success story just like The Duck Commander guys....That's the beauty of the USA anyone can make it if they try hard enough ....
So friggin what? They are the classic American success story just like The Duck Commander guys....That's the beauty of the USA anyone can make it if they try hard enough ....
Quote:
Originally Posted by iNviNciBL3
What is the problem?
Quote:
Originally Posted by whogo
Wal-Mart has saved me a lot of money.
Absolutely amazing. I know we Americans were pretty ignorant, but this is impressive.
Absolutely amazing. I know we Americans were pretty ignorant, but this is impressive.
Peace.
brian
What is ignorant about saving money? Wal-Mart employees benefit from working at Wal-Mart or they would not work there. Shoppers benefit from shopping at Wal-Mart or they would not shop there.
The answer to that is very simple: Europeans did something economically STUPID and imposed austerity in the face of a recession. There is no economic model that favors such a stupid thing. Almost all economic models call for much more government spending in a recession which is the path that we have chosen in the USA. The Fed is pumping massive amounts of cash into the economy here. For once we did something right. For a change. We may pay for it later in higher inflation but for now it is working.
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