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On 7/30/2010 2:24 PM, Harry  wrote:
On 7/30/10 1:57 PM, knuttle wrote: On 7/30/2010 1:07 PM, Harry  wrote: On 7/30/10 1:03 PM, Canuck57 wrote: On 29/07/2010 2:18 PM, Harry ? wrote: wrote in message ... http://article.nationalreview.com/43...r-davis-hanson Borrow and stimulate more? Do these debt whores know no bounds? Obama/Congress democrates are racking up a world record amount of liberal debt like no other in history! And it isn't working. Sort of like mortgaging into default the farm on lotto tickets. Bone head liberals... You can't spend your way out of a debt problem. If only we cut taxes more for the wealthy and offered more breaks for corporations...why, they'd have more money not to spend and to invest in low-wage countries overseas. You're a dumbass, Canuck. You haven't a clue. And despite your bragging, you're not an investor. Anyone with a sense of responsibility over six year old knows you can borrow your way out of debt. You can not create jobs by taking money from the people who have the money to create jobs. If they have less money they will create less jobs. So, your answer is to give individuals and corporations more money so they can not spend it or invest it overseas. Yeah...that's the ticket. Obama has thrown 1 trillion dollars in "Stimulus" at the problems with no improvement in the unemployment rate. In fact it is about 3% points higher that he predicted nearly two years ago. He also is spending money at a rate that is increasing the national debt by 1.5 Trillion dollars annually. Still no jobs and the depression is now the longest since the one in the 1930's. Confidence in improvement nearly does not exist. How much does obama have to spend putting this country deeper and deeper into debt before he says his spending is not working. If you check you will find that the interest on the 13 trillion dollar debt is a large share of the national budget. That tax money for that interest is being sent overseas to China. Absolutely no benefit to our economy. It is significantly more than any one company has sent overseas. |
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