how well can a family get ahead if they never go into debt for anything?
Families don't general mount debts to rise to bankruptcies.
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how well can a family get ahead if they never go into debt for anything?
how well can a family get ahead if they never go into debt for anything?
Though I am in favor of a balanced budget, now is not the time to implement it.
Why? As economists from all sides fear it would hurt any economic growth that we are experiencing now. Some economists think that implementing a balanced budget now it would actually put the US back into a recession.
In the UK, conservatives cut spending and since then the UK was forced to lower the economic growth projections. Also the Organization for Economic Cooperation and Development (OECD) projects Britain will enter a recession next year.
In other words, if we cut spending (which would be part of the balanced budget), it cuts overall spending that contributes to the GNP. When the GNP goes down, the economy slows down to the point of being dangerous to the overall economy as witnessed in the UK.
A balanced budget would be fine, but only after the economy is righted.
Nice take from Sen. Orrin Hatch (R-UT). Not always a fan of Hatch's but he really did nail this one.
Our national debt has soared past $15 trillion]
Nothing you've posted here changes the fact that The Secular Messiah is running up debt at almost 3x the rate of GWB.Nice take from Sen. Orrin Hatch (R-UT). Not always a fan of Hatch's but he really did nail this one.
Our national debt has soared past $15 trillion]
An excellent question --- yet, a family cannot make major purchases without entering debt. A home for instance. The problem is when spending outpaces income. Using credit-cards for eating out, or "impulse purchases", not paying off the balance each month.how well can a family get ahead if they never go into debt for anything?
please, liberal, explain to us how a family gets ahead with debt
I hate capitalizing anything about obama. Have to confess whenever I hear those two words together ("obama" and "president"), it makes my stomach flip.Nothing you've posted here changes the fact that The secular messiah is running up debt at almost 3x the rate of GWB.Nice take from Sen. Orrin Hatch (R-UT). Not always a fan of Hatch's but he really did nail this one.
Our national debt has soared past $15 trillion]
You are, literally, pointing one finger and ignoring the three pointing back at you.
I agree with you completely --- but lament it is impossible to achieve. Any congressman who supports a balanced budget commits political suicide. Voters only want "what they can get".Though I am in favor of a balanced budget, now is not the time to implement it.
Why? As economists from all sides fear it would hurt any economic growth that we are experiencing now. Some economists think that implementing a balanced budget now it would actually put the US back into a recession.
In the UK, conservatives cut spending and since then the UK was forced to lower the economic growth projections. Also the Organization for Economic Cooperation and Development (OECD) projects Britain will enter a recession next year.
In other words, if we cut spending (which would be part of the balanced budget), it cuts overall spending that contributes to the GNP. When the GNP goes down, the economy slows down to the point of being dangerous to the overall economy as witnessed in the UK.
A balanced budget would be fine, but only after the economy is righted.
We will never recover from our economic dilemma without pain. And everyone will have to share that pain, from the richest CEO's to the lowliest welfare ho'. Everyone. Establishing a balanced budget, and then sticking to it, regardless of the pain, is probably the largest step we have to make on the path to economic recovery.