http://www.businessinsider.com/decem...balance-2013-1
I know this kills most of the rights argument but its a good read.
I know this kills most of the rights argument but its a good read.
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Learn the difference between debt and deficit.
The collective (lack of) intelligence of Americans (as evidenced by your post) is likely one of the reasons we're in so much trouble.Last edited by epitome; 01-11-2013, 07:31 PM.Comment
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Sally ol' girl what are you worried about the national debt for? You won't be around when shit hits the fan if it ever does.
As long as the US is the major economy and military/geopolitical superpower that it is today the truth is they can keep printing and borrowing money simply because there's nobody that can say shit about it.
The US dollar will continue to be the reserve currency of the world. When China surpasses the US it still won't matter, the rest of the world isn't going to throw their luck in with those communist bastards.I moved my sites to Vacares Hosting. I've saved money, my hair is thicker, lost some weight too! Thanks Sly!Comment
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Obama's new pick for treasury secretary, JAck Lew supposedly was Clinton's budget director for 3 years, and we had a surplus those three years...the only surplus in a long time.
then Bush came in and torpedoed all of that by creating huge deficits with his stupid wars and tax cuts for rich people.
Obama is putting Lew back in to try to do the same thing he did for the Clinton administration.
The deficit is bigger than it's ever been with Obama, but now is not a good time to worry about that. The longer Republicans stall everything because they act like they care about the deficit, the longer its going to take for our economy to grow. I don't like the idea of government spending too much(for stimulus), but giving the supposed "job creators" more money to put in their offshore banks is a much worse alternative.
this is pretty interesting also....
http://www.washingtonpost.com/blogs/...uclear-option/
they live in a world with no rules. Basically, if we get in a jam, they can just change the rules of the game to keep us alive longer. We'll worry about it when we're about to crash into the mountain.Last edited by bronco67; 01-11-2013, 07:49 PM.
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The first chart shows a change and the second chart a pattern over a year's span -- I wouldn't get too excited but if the change part continues for a few quarters it may be some turning point.
I think there is a lot of pent up deferred demand out there and it probably will bust loose eventually (eventually).Comment
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Arguing whether the Democratic or Republican party is better is like debating which steaming pile of shit is slightly less stinky.Comment
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Interesting post, but this part is inaccurate. I'm no Obama fan (see sig), but...
The day Obama took office in 2009, he inherited the largest budget deficit ever. $1.4 trillion. Since then, the deficit has gone down slightly.
Source - See Table 1.1—Summary of Receipts, Outlays, and Surpluses or Deficits (-): 1789–2017
Facts matterLast edited by DTK; 01-11-2013, 11:17 PM.Arguing whether the Democratic or Republican party is better is like debating which steaming pile of shit is slightly less stinky.Comment
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