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Default "Obama's Real Problem" By Victor David Hanson

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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