Economic Apocalyspe Now.

Discussion in 'Economy' started by 52ndStreet, May 18, 2009.

  1. 52ndStreet
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    52ndStreet VIP Member

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    My beautiful freinds , this is the End of American, and global Capitalism.
    The current Obama administration, has set in motion an economic catastrophe, that your
    great grand children , children will not be able to repair. The United States deficeit for
    future generations , with all these corporate bailouts, will be in the trillion of dollars.
    America, and many other western nations, will be economically insolvent within the next
    15 to 20 years. What will we do to fix this mess?.
     
  2. Iriemon
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    Iriemon VIP Member

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    You just became aware of the fact that the US has been borrowing trillions of dollars? It's been going on for decades. Reagan was the first trillion borrower.

    Raise taxes and cut spending. Pretty simple, really.
     
    Last edited: May 18, 2009
  3. Yurt
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    Yurt Gold Member

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    reagan borrowed a trillion dollars? one budget year or mulitple?
     
  4. Toro
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    Toro Diamond Member

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    Somebody should tell the stock market. It has risen 30 in 10 weeks.
     
  5. Neubarth
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    Neubarth At the Ballpark July 30th

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    You guys are so silly. Obama has saved the stock market with his steady condidence that all is right with America. All those economic numbers don't mean squat. What matters is that the market is going up and up and UP and UP! That will pull the economy up. That is what they tell me and I am beginning to believe.
     
  6. Iriemon
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    Iriemon VIP Member

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    Well, you are right, what people believe is about 80% of the battle.

    It's why Rush and Mark and Shawn and Glenn are all shouting how terrible the economy is going to fail.
     
  7. wimpy77
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    wimpy77 Member

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    you are actually right its all abot confidence.
     
  8. Paulie
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    Paulie Platinum Member

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    Where would YOU cut spending?
     
  9. Iriemon
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    Iriemon VIP Member

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    Get out of the Iraq war, cut military spending about 1/3 (down to relative levels it was at in 2000), make SS/Medicare means tested, as a start. That would save 4-500 billion a year and just about balance the budget.

    And other areas can be triimmed as well, but those are the biggies.
     
  10. Paulie
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    Paulie Platinum Member

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    Like I've said in the past, you and I aren't all that different when it comes to spending cuts. I'm not your typical conservative.
     
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