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Been to NYC lately? I haven't, but I can assure you its still there, and spending. Ditto California. They're broke! Flat busted, broke. But, life goes on. Know what? They're spending in Greece too. Didn't a large part of Latin America essentially default on billions of dollars worth of international loans. Was it pretty? I suppose not. Are those countries still on the planet? Yes. Were they nuked into annihilation for their economic errors? No. You are this wrought because someone is looking out for black people, people on welfare, old people, people without medical insurance. You are this over the top because 'those' people haven't finally been flipped the bird and left to fend for themselves like you would do if you were running things. Like you would do the nanosecond you took office whether or not there actually was a crisis. Face it, you never liked anyone that wasn't actively contributing to the wealth of this nation. Jesus Christ said "the poor will always be with us". It is a fact. More so now than then. All that would be accomplished by the drastic 'cut and run' attempt you envision, would be social breakdown and civil unrest. Maybe it will happen anyway but who wants to actually hurry it's arrival. Oh... yah, you would. Glad you aren't in charge.
H
so you are saying debt doesnt matter????
so surpluses dont matter either????
money doesnt matter????
are you saying too much debt doesnt matter????
at what point does it?????
because the liberals always seem to harp on it.....bush recession, clinton surplus,,the republican debt,,democrat debt doesnt matter, etc
Quote:
GregW We have plenty of wealth to erase the debt. We just have to tax it from the holders instead of borrowing it.
welth/debt all political ploys....the liberals will do anything they can to remain in POWER
because the liberals always seem to harp on it.....bush recession, clinton surplus,,the republican debt,,democrat debt doesnt matter, etc
Quote:
wealth/debt all political ploys....the liberals will do anything they can to remain in POWER
Yes they will.....but their time is quickly running out so I really hope they enjoyed their power-TRIP while they had it.
Time for 'em all to get tossed under a bus.....and stay there!
Countries have been getting downgraded recently due to credit crisis and spending.
Greece and Portugal on 04/27/2010
Stocks plunge as Greece, Portugal debt downgraded | Philadelphia Inquirer | 04/28/2010 (http://www.philly.com/inquirer/business/20100428_Stocks_plunge_as_Greece__Portugal_debt_do wngraded.html - broken link)
We have plenty of wealth to erase the debt. We just have to tax it from the holders instead of borrowing it.
Wealth? ohh, I am sure that 1% of the U.S. population has wealth. And the other 9% live like the hollywood made fantasy movies. The rest of the mortals, 90% of the U.S. population has a quality of life below many middle-income countries.
Wealth? ohh, I am sure that 1% of the U.S. population has wealth. And the other 9% live like the hollywood made fantasy movies. The rest of the mortals, 90% of the U.S. population has a quality of life below many middle-income countries.
Government does not make jobs, when you use tax money to support paying the government workers they are living off of what is taxed. Bussiness that are mom and pop that buy and sell and pay the taxes create the wealth. When you tax mom and pop too much they lay off workers which kills the tax revunue the government collects, less money, less profits, less investment in the future. Mom and Pop hold what they make until they see where what they invest in will make a profit. Guess where we are at today, no investments by mom and pop and less money for the government to use, except by creating it out of thin air.
We have plenty of wealth to erase the debt. We just have to tax it from the holders instead of borrowing it.
Do you even have a conception of what thsi would do tot eh economy? Have you been paying attention to what is happening? How about lookig at the rpesent deabte in the UK and what the candidates are proposing they do about their spending;you might be surpised if you listened.
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