National Debt

Discussion in 'Economy' started by Charles_Main, Feb 20, 2009.

  1. Charles_Main
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    Charles_Main AR15 Owner

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    Why does it not bother more of you that over 25% of all the Debt this Nation has accumulated in its HISTORY. Has been accumulated in the last 25 Months.

    Why are Democrats able to keep laying the blame for this at Republicans Feet, when In fact Democrats have been in control of Congress for that entire time.

    When will we all stop playing blame games and realize Both Parties are guilty, and our current direction is leading to bankruptcy?
     
  2. Peejay
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    Peejay BANNED

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    It sucks. It's upsetting. Destroy the Federal Reserve. What else can I tell you ? I wrote my congressmen about my thoughts on the first 30 billion last year. Then 50 billion. Then 700 billion. The another 700 billion and change. I don't know what else I can do except plant the garden early and make sure the chickens are fed. If the militia comes calling I'll consider joining up. Until then, I'm just trying to survive.
     
  3. Charles_Main
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    Charles_Main AR15 Owner

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    What I do not understand is this. If it was Bush, and Republicans in Congress spending like this. We would hear no end to the Media stories, and Politicians railing against it.

    It seems the Dems just get a free pass from most people, and media outlets. Clearly many of their supporters on this MB have conveniently lost their anti Deficit spending Zeal all of the sudden. They Screamed for years about a Half a Trillion we spent in Iraq, and are silent as Democrats spend many times faster. Not surprising since these are the same people who railed about that half Billion spent in Iraq, and were silent about what the other 4.5 Trillion Bush spent, was spent on.

    Very frustrating.
     
  4. Chris
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    Chris Gold Member

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    We are losing 500,000 jobs a month.

    The National Debt to GDP ratio is less than it was during the Truman administration.

    Reagan and Bush showed that Americans don't care about the National Debt.
     
  5. Charles_Main
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    Charles_Main AR15 Owner

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    Just because Reagan and Bush did it, does not mean Democrats should continue it.

    Don't you think?

    And Polls by the way show you are dead wrong about how Americans feel about our Debt. It is apparent they are growing more and more aware, and concerned about it.

    As we accumulated more and more debt, they will be more and more concerned as the Negative Effects of it are felt more and more.

    Currently America is like a Family with an income of 150,000 a year who is in debt 1.1 Million Dollars, and who's yearly expenses are about 200 to 250 thousand dollars a year. There can be no doubt our current direction is unsustainable.
     
    Last edited: Feb 21, 2009
  6. Chris
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    Chris Gold Member

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    I agree with you to a large extent, but right now we really are facing an emergency.

    We need to pump the system, reregulate the markets, and restore confidence. Then we can try to lower spending and debt.
     
  7. Meister
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    Meister Platinum Member Supporting Member

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    I see Chris your in lock step with the democratic socialists of the country. Pumping the system, has never worked before, and isn't going to work this time. Just the way they dibbied up the bill will see to the failure. If you call nationalizing the banks as reregulating, I would have to say this is not a very sound way to lead our country out of a recession. To have Obama come out and give a speech that has the word "crisis' 25 times in it is not going to restore American confidence.
     
  8. Charles_Main
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    That would make sense Chris, if the Stimulus Bill was a targeted, and temporary fix, However it is not. Most of the spending does not even happen for 3 years or more. That is not a stimulus Chris, no matter how many times they say it is. This is a spending bill, that may indeed give us some short term help, but the long term costs will cancel our any Temporary gain.

    In short it is window Dressing, It is a feel good Bill where we are trading Long Term Serious Problems for a short term Gain.

    I am a firm believer that nearly 50% of every Dollar the government spends is wasted. That is why I am so against government solutions to problems. It is just so damn inefficient.

    This Bill is the single largest spending bill in our history, and we can be assured there will be abuses, and corruption on a scale never seen before as this money is spent.

    Not to mention this Bill, and the Mortgage bail out, and the Next stimulus they are talking about, are all putting the very idea of making any changes to our health care system into Doubt.

    Obama is not an Idiot. I know he knows there simply will not be money for many of his Ideas, so you have to ask yourself how wise it is to basically squander this money for what will amount to a short term gain, with major long term negative effects.

    Besides Chris If they keep spending like this, your Reagan Bush debt web site is going to lose its meaning. :)

    After all about 3 Trillion or 30% of our over all Debt, has been accumulated in the last 2 years, when I am sure you are Aware Democrats controlled congress. If this keeps up, in 4 years I will be able to counter your ReaganbushDebt.org Web site with one that shows how Obama added more to the Debt in 4 Years than Bush did in 8.

    This is the scariest time I can remember as an American, Part of why it is so scary to me, is because today there is no party, and no politicians, On either side. Talking about Cutting spending, or balancing anything. They all seem to think just like you do, that Deficit spending can solve problems. I would have thought we would have learned from Reagan and Bush that that simply is not the case.
     
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    Last edited: Feb 21, 2009
  9. Chris
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    Chris Gold Member

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    Charles,

    The tax cuts and tax credits take place immediately and they account for 40% of the package. I am already seeing effects from the $8,000 homebuyers tax credit.
     
  10. Meister
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    Meister Platinum Member Supporting Member

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    Is that a short term effect, or a long term effect? Be honest.
     

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