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Another First!
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#123
posted to rec.boats
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Another First!
On Tue, 19 Feb 2013 16:33:05 -0500, "Eisboch" wrote:
"Urin Asshole" wrote in message .. . On Mon, 18 Feb 2013 19:45:57 -0500, wrote: What is "made up" about a debt that is 100% of GDP and growing 3.5 times as fast as GDP? Today the interest on the debt and the entitlements eat every dime of revenue. Every other cent of government spending is borrowed money. It's meaningless. During WW2 it was way over 100%. There was a crisis CALLED A WAR. Now there's a different crisis CALLED A RECESSION that's barely over.. for many not over.. This isn't the time to stick it to average people. This is the time to spend money to get the economy moving. There is no short term debt crisis. But you don't give a **** about any one else. You only care about yourself and if someone else is struggling, then it's their fault. This is the classic FAILED economic attitude that ran us off the road. ---------------------------------------------- This recession is global. Most of Europe has tried spending their way out of it with a few exceptions. Hasn't worked. Slow as it is and far from perfect, the USA's recovery is actually stronger than most of the rest of the affected world. Huh? Most Euro countries were on the austerity track and that failed. England tried it and it put them back into recession. Smart spending makes much more sense that stupid austerity. |
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