Quote:
Originally Posted by dyna mo
well, certainly you would agree that damage must be measured. while i agree obama is an idiot, along with all the other idiots inside the beltway, re: the massive debt he's created, it's not an impossible hole for us to dig ourselves out of.
we've done before.
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When have we done it before on this scale exactly? No, not the Great Depression. And I applaud your optimism but this is just what most Americans think, and it's really blind optimism. Simply stating we can get out of a hole because we have done so before, doesn't mean we're going to again, or that we're capable anymore. We've been spending poorly for 30 years and Obama has just WTFPwned the national debt and budget deficit. There's no way to get out of the hole unless we start slowly reducing our debts. We can't slowly reduce our debts unless we either:
A. Devalue the dollar and bankrupt this country just to reduce our trade deficit
B. Get rid of unions and start up manufacturing on a post WWII level.
B would be the most logical choice but even that's far from possible at this point. I know it's pessimism but we did it to ourselves and we can't really undo this, so we will have to experience an economy collapse whether in our lifetime, or our children will experience it in theirs. It's not a question of if at this point, but when.