Quote:
Originally Posted by pocketkangaroo
Greywold stated that Canada wasn't deep in debt, I simply pointed out the fact that they are. In a few years I'm sure that will be much different.
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None of the countries I mentioned are "deep in debt" - they operate an economy which is being managed and they have a fiscal policy in place. Whether they have debt (most do), is not the issue, - the problem is a severe debt scenario, little funds and no apparent potential mechanisms of creating wealth to the degree needed to control the level of debt.
As far as I can see, there is no fiscal policy of any kind in place in the US over at least the last five years. You may recall attention being drawn to the economy during the first year of Bush's reign? His solution? Assemble a group of industrialists, bankers, economists together and stuff them in a room to solve the nation's economic problems - then dismiss everything they did.
It really is a total waste of time until "someone" gets the bull by the horns and starts addressing the issue seriously - otherwise this is going to cause problems for many people.