"Canuck57" wrote in message
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On 15/02/2010 5:24 PM, nom=de=plume wrote:
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On 15/02/2010 2:20 PM, nom=de=plume wrote:
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On 15/02/2010 11:08 AM, nom=de=plume wrote:
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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.


You're just daft. Take an econ class and get back to us.

Nope, don't want to polute my mind with liberalism. Prevents one from
making money.


Ah... economics = liberalism. That's a brainiac response for sure!

Not at all. Liberalism is bull****. It always fails in time. Liberals
are more likely to gamble for example. And at Vegas, you are guaranteed
to loose given enough play and time. Because you liberally gamble you
will loose more.

Stuff like Keynesian for example, fantasy horse****.

Want money? Want wealth? Want want want?

Simple, take in more than you spend. Works for governemtns, people,
companies you name it. If GM did this, they would not be stealing $100
billion from coast to coast to support a ****** business model.

And, that relates to economics how???

As I said, you're off your rocker.

You can't talk or think economics today without factoring in debt be it
government, the company you work for or your own finances. For example, I
liquidates to cash all banks, mutuals, mortgage funds, bonds, etc between
2005 and 2007. Just because the interest rates inverted on inlfation. So
when 2008 went bad, my losses were small. Right out of some old time
investment books and congress chose to ignore.

Debt and credit have a whole lot to do with economics.


You equated liberalism with economics. Take a class.

--
Nom=de=Plume