Much of what you espouse is narrow-mindedly correct on the surface and in essence.
Unfortunately, from a few sentences, your comprehension of economics, public finance, is revealed as decidedly myopic, sophomoric, and naïve…
this summarization is overly complementary and generous.
It will serve no useful purpose or instructional value to explore public finance and economics with you and other educationally deficit posters.
At best, you would all do well to study the literature on public finance…
perhaps a point of departure might be something along the line of,
The Idiot’s Guide to Public Finance.
The same, once again, bears repeating here...
Are you done embarrassing yourself...
have you only just begun...
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Whizzy, the sky is truely falling if you are using "sky" to describe the dollar. The government is running a ponzi scheme and it is catching up to them fast. That is why the debt is balooning out of control. The government borrows money from the Fed. The fed sells bonds to cover the loans. Thse bond come due with interest. So, when the government goes to pay the bonds off, they have to borrow money to cover the interest on top of the budget shortages. This has been going on for years and what is happening is exactly what should be expected to happen. There will come a day when the power of the dollar will be gone. Yes, GONE. It is coming sooner than later. The problem is compounded when we look at spending power of the people. It costs more and more dollars to buy things because they are devalued. It wont just be the US that goes down. Every country that buys our debt will be left with 100% loss on investment.Do a little research and you'll see it IS a problem. You are in th
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Froglegs, I absolutely do. You dont think the value of the dollar is related to consumer prices? Dont think that the government wants us to know they are destroying the value of our currency by borrowing. They release reports on inflation and have been claiming it is minimal. If that is true, why is everything so much more expensive? They claim a couple percent a year and in 10 years everything doubles? That is good for economic growth? When it costs people more to buy, they ultimately have less to spend. An economy that depends on people spending money will grind to a halt if people dont have money to spend. It isnt even complicated if you dont make it a political "us versus them" issue. Think about the whole picture instead of whatever it is you are programmed to believe.
“Problem is that inflation has risen out of control because of the Nations debt.”
You don’t really believe what you wrote (summarized) above, do you?
Tsk, Tsk, Tsk.
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Why is it bad to be money hungry? Crooks well thats another issue their protected by the vote.
Its not going to get beter in 2013 or EVER unless there are some drastic changes in the way this country is operated, and i dont se the money hungry crooks who run this country liking that idea a all.
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Are you done embarassing yourself...
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Out sourcing of jobs is more about the global economy than politics. Face facts, the unions have priced their workers right out of jobs. The need to compete, something liberals have almost completely eliminated from society, have forced companies to countries with better business climates.
Let's see if you can think in real world terms: You are $10,000 in debt and your books show that you spend more than you make. Now go to a bank and ask them to loan you money, even just $10,000 at a lower rate. Explain that you do NOT plan on cutting spending but increasing it. Now do you think they will give you a loan?
This is why your thought process is killing this country, it doesn't work in the real world, only the dark recesses of the liberal mind.
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Whizzy, what you smoking? You are the very picture of why this countries economy is going down the drain. You seriously believe that one can get out of debt by borrowing more money? That's beyond reality.
The government augments federal spending? The government doesn't augment it, it creates it, however much it wants apparently.
Yes, balanced budgets are terrible. I mean who really wants to spend less then they take in. Ludicrous! How could we possibly create a class of citizen that is dependent on the powerful people if we lived within our means? The government has NO responsibility to take care of people from cradle to grave, to bail them out of dumb decisions and stupid choices they make. Opprotunity is all we are guaranteed in the country, not actual success.
Out sourcing of jobs is more about the global economy than politics. Face facts, the unions have priced their workers right out of jobs. The need to compete, something liberals have almost completely elimin
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Many would argue, that now is the time for the federal government to borrow at the extremely low interest rates of today,
and retire debt that was made against high interest rates.
And so too, we as private citizens should borrow at lower rates to retire debt made when interest rates were high.
The sky is falling, but the Chickens that are yelling the most, are those responsible for the economic bust in the first place,
the very people, republicans mostly, who saw fit to outsource the backbone of the economy, working men and women’s job’s,
and in that course removed and sent vital dollars out the pockets of the working class, out of the economy and to foreign soils.
These same Chicken Little’s are at it again,
but fail to face reality and admit that they were responsible for the world-wide economic collapse and the resultant depression,
but who would rather force themselves onto the backs of what is left of the middle class and increasingly la
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The SKY IS FALLING.
The Sky Is Falling…
The sky is falling…
There are too many wonks all claiming the sky is falling and the national debt is and too large..
Too large compared to what?
Compared to last year, five years ago, ten years ago?
If we want to compare the national debt to a period before, and then scream the SKY IS FALLING, let’s do another comparison to prove it is the wonk’s that are out of control.
The national debt today, as a percentage of GDP,
is LESS than the national debt was as a percentage of the equivalent form of the GDP, as it was when we were coming out of World War II…
A balanced budget for the federal government is NOT always in the interest of the country, especially when we consider that the government has a duty and responsibility to either augment federal spending or decrease federal spending given the condition of the economy.
Many would argue, that now is the time for the federal governme
Record spending, Record debt. Yeah, that is how you make the dollar stronger. The value of the dollar is what decides the condition of our economy. Look at the price of gold or the price of gasoline. They arent rising, the dollar is in decline. Those are indicators of how the economy is functining. It will NEVER be the same as it once was. What has to happen is this. The income levels must rise to meet inflation. Pretty simple. Problem is that inflation (real inflation, not the governments idea of it) has risen out of control because of the Nations debt. They need to manage government and let wages catch up. This will take a decade. So, get used to it folks.
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maybe once we hit rock bottom from redistribution of wealth and people realize we can't have a socialist running our country.
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Not likely, however you might wish to define the term improve. As I understand it many of our entitlement churubs think things are going ok.
PARK WHERE YOU WANT! THE PO PO WILL ONLY ISSUE (GIVEN THEIR DISCRETION) TO GIVE A TICKET! I CAN PROVE AND BACK IT UP!
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"raising america's debt limit is a sign of a leadership failure"-Obama-2006. Couldn't of said it any better my sel
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as usual people commenting on what they hear on the "unfair and unbalanced" Fox news
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It will get better when we get rid of the rest of the republicans, the republican party is dying, because they are so out of touch with most Americans !!! A lot more of them will get the boot in the next election!! The republican party is led by a bunch of poor lost souls !!!
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Where ooo where are the Democrats on Obama's spending? SO this Obama health care is really working. They are NOW cutting workers hours to get around paying for his STUPID health care plan that will not work. Use your brains America. You gave the country to the socialist. The media is just as responsible for our collapse.
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Well said 342
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How can we grow when we have a President who hates this country, was raised on the system and wants to create more freeloaders which equal more votes. You will never get a job from a freeloader who is on every give away program possible. Jealousy is ruining our country. Keep wrecking business and see where you all are.
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I believe it will continue to improve, but slowly. There is not much incentive for small and medium-sized businesses to invest and create jobs in this environment, between the slow economy and the anti-business climate of the Obama administration.
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How can it when the numbskulls in DC can't get together and the Governor is a nerd that has done nothing but make his rich friends richer? Sad state of affairs we are in.
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