On 15/02/2010 7:05 AM, bpuharic wrote:
On Mon, 15 Feb 2010 06:16:23 -0700,
wrote:



Have a better explanation for why all of a sudden the government can
spend it's way out of debt to prosperity? What economic theory is this?
Bankruptcy?

it's called 'keynesian' economics. and it's on pretty solid
foundations.

Lets see. Iceland tried it, fell flat on its ass.

Socialist Greece tried it, and to fund it now looks like they mistated
their real debt levels and is failing real bad.

Socialist Spain tried it, not fairing too well.

Japan tried it and hasn't seen valued growth in 2 decades.

Show me where in history I can find that it worked? I can't see any.
Even Roman times tried it and resulted in the disbandment of the Roman
Empire.

and our debt service after ALL the money is spent over the next 10
years?

3.4%

That is amost $500 billion a year every year for nothing of value. Or
about a perpetual debt payment of $3770 per worker every year and no return.

Given the currency float has also been diluted, that is a wildly
optimistic number too. Reality is much worse as inflation will force
rates up or the currency will devalue like a rock.

debt burden under george bush the first?

3.4%

gee. i guess canuck doesn't know that

3.4=3.4.

Does not mater at this point who you blame really. Even if you choose
to forget Obama's 3.5 trillion 18% increase in just 2 years,
debt-corruption spend at the end of 2010, the debt of $14.5 trillion
isn't far off.

Each worker now supports about $108,000 in federal debt. And it adds
ZERO value to their lives. Taxation enslavement. Permanent wealth rob.
Money not spent so it can't create jobs.

Liberal debt borrowing, liberal ponzi currency management is bringing
down the United States to it's financial knees. Get over it. Probably
too late to stop it too, and no politicial vision and will too either as
DC **** fests the taxpayers with corporate corruption bailouts - certain
long term doom for the US economy.

As in essence, Congress just expanded the administration debt mongering
capabilities to $14.5 to prevent the US federal government from going
into default for non-payment. Since they can't borrow, they create. A
fancy way to say United States of America itself is NOT paying it's
debts and debt is now out of control just like Greece.

Ever heard the investment term, "Dead cat a falling..."? Just about
where we are right now.