"bpuharic" wrote in message
...
On Thu, 22 Jul 2010 10:07:32 -0700, "Califbill"
wrote:



"bpuharic" wrote in message
. ..
On Thu, 22 Jul 2010 06:42:39 -0600, Canuck57
wrote:

On 22/07/2010 4:21 AM, bpuharic wrote:
On Wed, 21 Jul 2010 21:36:49 -0700, "Califbill"
wrote:
s. you simply think
you're rich so it MUST be god on your side

go ahead. sell that attitude to the millions who cant make mortgage
payments, or lose their jobs.

Bill's stopy is not quique. Those that are "conservative" and don't
worship debt do far better than liberal debt mongers.

gee. that biggest spenders in history are conservatives.


Maybe previously, but the liberals in charge have spent more in the last
18
months than almost all the conservatives combined.

you DO realize that the spending in the first year of obama's
govt...was determined by george bush...bush raised the deficit to 9%
of GDP.

so, again, you give us proof of your racism


And Obama has raised it to about 18%. We are borrowing about 40 cents of
every dollar of spending. How long you think that can go on. Cities and
states are in the same boat. Mostly because they promised pie in the sky
retirement benefits they did not fund. When a few large cities declare
bankruptcy, which is not out of the question, they may be few states,
California being the leader who default on their debt. How much do you
think we will have to pay to borrow that excess spending money? We will big
in the same boat as the PIIGS. Obama asked all of Europe at the G20 to
deficit spend our way out of the recession. HE WAS TURNED DOWN. We have
about 107 Trillion in unfunded mandates. Mostly SS, and Medicare and other
government retirement stuff. What is that 10x the GDP? Historically the
Fed has gotten about 18% of the GDP in revenue. No matter what the tax
rates. It is projected by a couple economists that by 2024 the average
worker will have to pay 62% of their wages to the Feds. How many will work
at the rate? How many will decide they can go on the dole and do about the
same?