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It doesn't take a rocket scientist to figure out what's going to happen dropping 30M "new' people into the system. But hey, as long as Democrats get their new voters and Republicans get their cheap labor, who cares right? It's just the middle class getting bent over.
Isnt California living this utopia scenario Winter is suggesting? I guess they cant figure out where to spend all of that excess cash being generated.. Oooh thats right.. their running deficits out the ass..
Wonder why it will work for the nation, but the states cant seem to create these phantom surpluses now..
Our money is going out of the country and not circulating here.. we are supporting the world as we buy goods and services from other countries. Our government is creating too much red tape to make money here . Too many taxes.. too many out of work.. the tax base is shrinking and the welfare and medicaid Obamacare takers are growing by leaps and bounds.. no way to run a country.. we are headed for bad times and high taxes.. the freebees will bankrupt this country as times goes on.. it will not get better. Obama is feeding this mentality with growing government and Obama's idealogy is> the government is the answer.. bad times ahead with a foolish president.
The problem we have currently with the debt is, it has to be self supporting, if we did away with the debt our whole economy would collapse. The currency we have today isn't money, it's fiat currency, it isn't worth anything nor is it backed up by any thing. This is why the U.S can print currency at will and then "call" it money. Money is something that represents a value, like gold, sliver ect., Nixon cut the ties to our currency to gold value in 72, the U.S created a fiat currency and the world went along with it.
Our debt is noting more than a "ponzi scheme" the more debt we have, the more we have to borrow, creating more debt to have to borrow to pay, and it keeps going and going with no way out except to collapse our economy. We then sell our debt in the form of "government bonds" which have no real value it is fiat currency, to people or countries that will buy them, when the pool of investors runs out, the whole scheme will collapse upon itself. You will know we are in deep do-do when the U.S starts to buy its own debt, and that is the last nail in the coffin of our economy.
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