Quote:
Originally Posted by Jesus H Christ
You all are monkeys and act like annoying kids who run around playing adults. $16 trillion in national debt as it will bump to $20 trillion in the next 4 years. It took over 200 years to get to the first $10 trillion as it will take only 8 years to get to $20 trillion.
I honestly can't believe some of the shit I've read on here. Debt numbers like that inhibit true business entrepreneurship. The stock market is ready for a huge fall as the real numbers should be around 9k. The Government is simply printing money out of nothing to buy something called your house to the tune of $50 billion in toxic mortgages ie., QE3.
There is nothing wrong with trying to fight you way out of this, but if you think your lives are better then four years ago, well, you must have your head in the sand because your future is far far worse.
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They are better off now than they were 4 years ago.
BECAUSE of all the money pumped into the system making everything rosy. It's impossible to swell a household with that money without them thinking it's all fine.
Yes the problem will hit US ALL, when we get the next collapse and when they finally realise they can't keep spending and cutting taxes.
All these guys are worried about is could they afford to the latest iPhone or similar gadget.
This is the real world and what Governments all over it face.
A man in a Government office is earning $15,000 a year. He costs double that, office, equipment, medical, etc. Total $30,000. He get's fired to cut the borrowing. So he can't be left to starve and he goes on welfare at $10,000 total costs. Government has saved $20,000 and borrows less.
$20,000 less being spent in the country. Shops, etc.
$20,000 saves and if the Government fires 1,000 of them it save $20,000,000. The problem is it needs to save $20 billion. So it needs to sack 1,000,000.
Shit the problem is trillions.
