Deficits are getting scary

Discussion in 'Politics' started by RedChalk, Feb 18, 2010.

  1. RedChalk
    Offline

    RedChalk Rookie

    Joined:
    Feb 18, 2010
    Messages:
    32
    Thanks Received:
    5
    Trophy Points:
    1
    Ratings:
    +5
    I heard the latest US Debt as % of GDP is approaching 94% this year....yikes. This sure 'aint the Reagan defense buildup (was totally worth it). The porkulus bill (as someone on the board called it) has really jacked it in the last year. How are we going to grow out way out of this one??
     
  2. ProudFossil
    Offline

    ProudFossil Member

    Joined:
    Oct 4, 2009
    Messages:
    58
    Thanks Received:
    16
    Trophy Points:
    6
    Ratings:
    +16
    Just HOPE for a CHANGE. Remember, YES WE CAN DO IT.
     
    • Thank You! Thank You! x 1
  3. Oldandtired
    Offline

    Oldandtired BANNED

    Joined:
    Aug 17, 2009
    Messages:
    3,618
    Thanks Received:
    349
    Trophy Points:
    0
    Location:
    Long Island
    Ratings:
    +349
    One thing for sure...raising taxes is not the answer.
    Just ask Arnold.
    Raising taxes will likely lower tax revenue..

    Stop spending is the only answer.

    Well...after healthcare and stiumulus 2....

    THEN we will stop the spending......oh wait...need to boost up the voter base for 2012......but after THAT we will stop the spending.

    Yeah...thats it......next we will see a promise that the spending will stop effective 2013....well....2014....we cant expect his second term to begin with less spending.
     
    • Thank You! Thank You! x 2
  4. xsited1
    Offline

    xsited1 Agent P

    Joined:
    Sep 15, 2008
    Messages:
    17,750
    Thanks Received:
    5,299
    Trophy Points:
    198
    Location:
    Little Rock, AR
    Ratings:
    +5,306
    Japan's debt is close to 200% of GDP and we all know how smart they are.
     
  5. Kex
    Offline

    Kex Member

    Joined:
    Feb 4, 2010
    Messages:
    408
    Thanks Received:
    32
    Trophy Points:
    16
    Ratings:
    +32
    Since Reagan was mentioned “I am not worried about the deficit. It is big enough to take care of itself.”
     
    • Thank You! Thank You! x 1
  6. RedChalk
    Offline

    RedChalk Rookie

    Joined:
    Feb 18, 2010
    Messages:
    32
    Thanks Received:
    5
    Trophy Points:
    1
    Ratings:
    +5
    That is stratospheric. Greece is 125% and look at them.
     
  7. RodISHI
    Offline

    RodISHI Gold Member

    Joined:
    Nov 29, 2008
    Messages:
    10,392
    Thanks Received:
    1,858
    Trophy Points:
    280
    Ratings:
    +5,047
    Didn't someone post they just bought a bunch of US debt? I'm beginning to believe it's all smoke and mirrors. There is no money just paper. Chickens, a good size garden, lots of canning jars and maybe even a few cows will be our goal for the near future. Who knows I may even get me a nanny goat for some fresh milk and butter.


    http://www.usmessageboard.com/economy/105741-japan-is-now-the-largest-us-debt-holder.html
     
    • Thank You! Thank You! x 1
  8. rightwinger
    Offline

    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    120,446
    Thanks Received:
    19,868
    Trophy Points:
    2,190
    Location:
    NJ & MD
    Ratings:
    +45,476
    Why was Reagans Defense build up totally worth it?
    We built up Defense in the 80's only to tear it back down in the 90s
     
  9. Oldandtired
    Offline

    Oldandtired BANNED

    Joined:
    Aug 17, 2009
    Messages:
    3,618
    Thanks Received:
    349
    Trophy Points:
    0
    Location:
    Long Island
    Ratings:
    +349
    Butter? It will soon be deemed a banned substance....Michelle is working on that one.

    Better off growing some produce.
     
  10. Kex
    Offline

    Kex Member

    Joined:
    Feb 4, 2010
    Messages:
    408
    Thanks Received:
    32
    Trophy Points:
    16
    Ratings:
    +32
    The obvious answer is Clinton gutted the military, even though it was GOP crying for cut backs.
     

Share This Page