the cancer spreads...

[g5000]

Spain's debt now worth more than value of the economy

So is ours.

Can you provide some info on that?

Paul Krugman Loves Him Some Keynes

 

[Fenton Lum]

Typical of socialism... Lol
Spain's debt now worth more than value of the economy

I'm pretty sure most people aren't suggesting we live in a socialist country. a mix of capitalism and socialism seems to be most successful, in any event.

now if you want to talk failed economic system, we can talk about laissez faire capitalism.

Free laissez faire capitalism? Where is that exactly?

That's right folks, the nature of mankind is too wicked and evil to be given a free economy. The only solution is to strip you of the power of the pocket book only to give such power to the angelic entities in government cuz they are really just that good.

Leftist morons.

laissez faire capitalism? Where is that exactly?

You don't have it in the us edo ya.

Sure the US has it, along with their 40,000 some new laws and regulations they pass every year. It's a free market utopia.

Bwa ha ha ha ha ha ha, that's why we bailed out Wall Street with socialism under both "conservative" and "liberal" administrations.

 

[Fenton Lum]

So is ours.

Can you provide some info on that?

From the guy who doesn't want to do anyone else's googling?

I post links all the time. I just don't like you. And your arrogant ass knows everything. So why google at all? Hell man, I even told you what to google.

You should know that the poster who said "So is ours." was correct then. no?

G is very good with monetary explanations. You should see a thread or two of his on the subject

Easy to find a link supporting it.

 

[g5000]

From last year:

U.S. government debt now stands at 103% of GDP. If private debt is included, the ratio climbs to about 370% of GDP. Scholarly studies indicate that real per capita GDP growth should slow by about one-quarter to one-third from the long-run trend when the total debt-to-GDP ratio rises into the range between 250% and 275%. Since surpassing this level in the late 1990s, real per capita GDP has grown just 1% per annum, much less than the 1.9% pace from 1790 to 1999.

These results indicate that the relationship between debt and economic growth is non-linear, or progressively negative, as debt advances to higher levels, a pattern confirmed by academic research (Chart 2). The latest information further supports this relationship. The current expansion began in 2009, and since then real per capita GDP growth has been 1.3%, less than half the 2.7% average growth in all expansions from 1790 to 1999.

http://www.hoisingtonmgt.com/pdf/HIM2015Q3NP.pdf

 

[g5000]

It is completely counterproductive to point fingers at either the Democrats or the Republicans for the debt. Both are lies of omission.

The hole we are in was a bipartisan effort, and to be a hack trying to blame "them" is to be a willing tool of the divide-and-conquer strategy of the people flushing us down the drain.

If you want to know who got us here, look in the mirror. It wasn't the negroes, it wasn't poor people, it wasn't food stamps.

It was ALL of us. "Gimme gimme gimme, and make that guy over there pay for it."

Until we get our shit together, and get our debt down to sane levels, our economy will always be sluggish and will recover more and more slowly from every downturn, NO MATTER WHO OCCUPIES THE WHITE HOUSE.

"...the relationship between debt and economic growth is non-linear, or progressively negative, as debt advances to higher levels."

 

[Fenton Lum]

From last year:

U.S. government debt now stands at 103% of GDP. If private debt is included, the ratio climbs to about 370% of GDP. Scholarly studies indicate that real per capita GDP growth should slow by about one-quarter to one-third from the long-run trend when the total debt-to-GDP ratio rises into the range between 250% and 275%. Since surpassing this level in the late 1990s, real per capita GDP has grown just 1% per annum, much less than the 1.9% pace from 1790 to 1999.

These results indicate that the relationship between debt and economic growth is non-linear, or progressively negative, as debt advances to higher levels, a pattern confirmed by academic research (Chart 2). The latest information further supports this relationship. The current expansion began in 2009, and since then real per capita GDP growth has been 1.3%, less than half the 2.7% average growth in all expansions from 1790 to 1999.

http://www.hoisingtonmgt.com/pdf/HIM2015Q3NP.pdf

oooooops!

 

[g5000]

 

[OnePercenter]

Typical of socialism... Lol
Spain's debt now worth more than value of the economy

Typical of socialism... Lol
Spain's debt now worth more than value of the economy

Spain never fully recovered from the derivatives crash. Why do you think Bush and Cheney don't travel?

 

[g5000]

Spain has never recovered from the collapse of the housing bubble and the derivatives crash which amplified it.

2008–15 Spanish financial crisis

 

[Rustic]

Spain's debt now worth more than value of the economy

So is ours.

Of course it is, socialism always has this affect on every society it is part of. Socialism takes more than it gives... Without exception.
Lol

 

[Rustic]

 

[Rustic]

 

[Rustic]

Typical of socialism... Lol
Spain's debt now worth more than value of the economy

I'm pretty sure most people aren't suggesting we live in a socialist country. a mix of capitalism and socialism seems to be most successful, in any event.

now if you want to talk failed economic system, we can talk about laissez faire capitalism.

This Country has already failed decades ago, because of socialism. Dumbass

 

[Rustic]

It is completely counterproductive to point fingers at either the Democrats or the Republicans for the debt. Both are lies of omission.

The hole we are in was a bipartisan effort, and to be a hack trying to blame "them" is to be a willing tool of the divide-and-conquer strategy of the people flushing us down the drain.

If you want to know who got us here, look in the mirror. It wasn't the negroes, it wasn't poor people, it wasn't food stamps.

It was ALL of us. "Gimme gimme gimme, and make that guy over there pay for it."

Until we get our shit together, and get our debt down to sane levels, our economy will always be sluggish and will recover more and more slowly from every downturn, NO MATTER WHO OCCUPIES THE WHITE HOUSE.

"...the relationship between debt and economic growth is non-linear, or progressively negative, as debt advances to higher levels."

Career politicians and their socialism of both party's are to blame...

 

[Rustic]

Typical of socialism... Lol
Spain's debt now worth more than value of the economy

Typical of socialism... Lol
Spain's debt now worth more than value of the economy

Spain never fully recovered from the derivatives crash. Why do you think Bush and Cheney don't travel?

Deflection
Socialism is to blame

 

[montelatici]

Spain's debt now worth more than value of the economy

So is ours.

Can you provide some info on that?

"For the first time since immediately after World War 2, the amount owed by the U.S. federal government exceeds the value of the U.S. economy."

U.S. Federal Debt Exceeds GDP for First Time

 

[Fenton Lum]

It is completely counterproductive to point fingers at either the Democrats or the Republicans for the debt. Both are lies of omission.

The hole we are in was a bipartisan effort, and to be a hack trying to blame "them" is to be a willing tool of the divide-and-conquer strategy of the people flushing us down the drain.

If you want to know who got us here, look in the mirror. It wasn't the negroes, it wasn't poor people, it wasn't food stamps.

It was ALL of us. "Gimme gimme gimme, and make that guy over there pay for it."

Until we get our shit together, and get our debt down to sane levels, our economy will always be sluggish and will recover more and more slowly from every downturn, NO MATTER WHO OCCUPIES THE WHITE HOUSE.

"...the relationship between debt and economic growth is non-linear, or progressively negative, as debt advances to higher levels."

Career politicians and their socialism of both party's are to blame...

Career politicians, ALEC, Wall Street, corporate america, capital globalists and their capitalism as societal cannibalism of both party's are to blame...

 

[Rustic]

It is completely counterproductive to point fingers at either the Democrats or the Republicans for the debt. Both are lies of omission.

The hole we are in was a bipartisan effort, and to be a hack trying to blame "them" is to be a willing tool of the divide-and-conquer strategy of the people flushing us down the drain.

If you want to know who got us here, look in the mirror. It wasn't the negroes, it wasn't poor people, it wasn't food stamps.

It was ALL of us. "Gimme gimme gimme, and make that guy over there pay for it."

Until we get our shit together, and get our debt down to sane levels, our economy will always be sluggish and will recover more and more slowly from every downturn, NO MATTER WHO OCCUPIES THE WHITE HOUSE.

"...the relationship between debt and economic growth is non-linear, or progressively negative, as debt advances to higher levels."

Career politicians and their socialism of both party's are to blame...

Career politicians, ALEC, Wall Street, corporate america, capital globalists and their capitalism as societal cannibalism of both party's are to blame...

Na, socialism is the root of all evil in government....

 

[Fenton Lum]

It is completely counterproductive to point fingers at either the Democrats or the Republicans for the debt. Both are lies of omission.

The hole we are in was a bipartisan effort, and to be a hack trying to blame "them" is to be a willing tool of the divide-and-conquer strategy of the people flushing us down the drain.

If you want to know who got us here, look in the mirror. It wasn't the negroes, it wasn't poor people, it wasn't food stamps.

It was ALL of us. "Gimme gimme gimme, and make that guy over there pay for it."

Until we get our shit together, and get our debt down to sane levels, our economy will always be sluggish and will recover more and more slowly from every downturn, NO MATTER WHO OCCUPIES THE WHITE HOUSE.

"...the relationship between debt and economic growth is non-linear, or progressively negative, as debt advances to higher levels."

Career politicians and their socialism of both party's are to blame...

Career politicians, ALEC, Wall Street, corporate america, capital globalists and their capitalism as societal cannibalism of both party's are to blame...

Na, socialism is the root of all evil in government....

Yes of course.

 

[Fenton Lum]

Typical of socialism... Lol
Spain's debt now worth more than value of the economy

Typical of socialism... Lol
Spain's debt now worth more than value of the economy

Spain never fully recovered from the derivatives crash. Why do you think Bush and Cheney don't travel?

Deflection
Socialism is to blame

We've all had more of a conversation with a rock.