Maybe this will be our wakeup call
 

David Brooks:

The frictions are building and will lead to divorce, conflict and
potential catastrophe. China, Ferguson argued, is now decoupling from
the United States. Chinese business leaders assume that American
consumers will never again go on a spending binge. The Chinese are
developing an economy that relies more on internal consumption.

Chinese officials are also aware that the U.S. will never get its
fiscal house in order. There may be theoretical plans to reduce the
federal deficit and the national debt, but there is no politically
practical way to get there. Depreciation is inevitable and the Chinese
are working to end the dollar’s role as the world’s reserve currency.

Maybe this will be our wakeup call
 

On Jul 3, 3:05*pm, jps wrote:
David Brooks: *

The frictions are building and will lead to divorce, conflict and
potential catastrophe. China, Ferguson argued, is now decoupling from
the United States. Chinese business leaders assume that American
consumers will never again go on a spending binge. The Chinese are
developing an economy that relies more on internal consumption.

Chinese officials are also aware that the U.S. will never get its
fiscal house in order. There may be theoretical plans to reduce the
federal deficit and the national debt, but there is no politically
practical way to get there. Depreciation is inevitable and the Chinese
are working to end the dollar’s role as the world’s reserve currency.


Now, who was it that gave us this several trillion deficit? Bush, no,
his was small by comparison.

Maybe this will be our wakeup call
 

On Fri, 3 Jul 2009 12:28:51 -0700 (PDT), Frogwatch
wrote:

On Jul 3, 3:05*pm, jps wrote:
David Brooks: *

The frictions are building and will lead to divorce, conflict and
potential catastrophe. China, Ferguson argued, is now decoupling from
the United States. Chinese business leaders assume that American
consumers will never again go on a spending binge. The Chinese are
developing an economy that relies more on internal consumption.

Chinese officials are also aware that the U.S. will never get its
fiscal house in order. There may be theoretical plans to reduce the
federal deficit and the national debt, but there is no politically
practical way to get there. Depreciation is inevitable and the Chinese
are working to end the dollar’s role as the world’s reserve currency.


Now, who was it that gave us this several trillion deficit? Bush, no,
his was small by comparison.

I'm sorry but we went from 5 trillion in debt to over 10 trillion
during Bush's tenure.

Including what will end up as a 3 trillion dollar investment in a
dubious war with absolutely no upside.

You're walking a rickety bridge across a deep cavern and you're not a
political Harrison Ford.

Maybe this will be our wakeup call
 

On Jul 3, 4:40*pm, jps wrote:
On Fri, 3 Jul 2009 12:28:51 -0700 (PDT), Frogwatch



wrote:
On Jul 3, 3:05*pm, jps wrote:
David Brooks: *

The frictions are building and will lead to divorce, conflict and
potential catastrophe. China, Ferguson argued, is now decoupling from
the United States. Chinese business leaders assume that American
consumers will never again go on a spending binge. The Chinese are
developing an economy that relies more on internal consumption.

Chinese officials are also aware that the U.S. will never get its
fiscal house in order. There may be theoretical plans to reduce the
federal deficit and the national debt, but there is no politically
practical way to get there. Depreciation is inevitable and the Chinese
are working to end the dollar’s role as the world’s reserve currency.

Now, who was it that gave us this several trillion deficit? *Bush, no,
his was small by comparison.

I'm sorry but we went from 5 trillion in debt to over 10 trillion
during Bush's tenure.

Including what will end up as a 3 trillion dollar investment in a
dubious war with absolutely no upside.

You're walking a rickety bridge across a deep cavern and you're not a
political Harrison Ford.

Well, we all know libs aint good with numbers so I'll make it easy and
give you a graph:
http://en.wikipedia.org/wiki/File:USDebt.png

So, you see Bush went from a total public debt of roughly 7.5 trillion
to about 9 trillion. That is only .375 trillion/yr of which roughly
780 billion (.78 trillion for the mathematically disinclined) was for
the Iraq war. So far, in less than 6 months, Obama has increased that
by over a trillion or a rate of 2 trillion/yr or roughly 5.3X Bush's
rate.
So, larn some cipherin as Jethro Bodine called it.