.....since that debt was essentially domestically funded and paid down to respectable levels rather quickly.
Obama's budget projects another $10T in debt over the next decade and those revenue projects are wildly optimistic.
This is unsustainable.....
Obama's budget projects another $10T in debt over the next decade and those revenue projects are wildly optimistic.
This is unsustainable.....
What I dislike is the straight-line projection, with its alarmist implications. It serves to foster more of an emotional response than a rational one. One side in this alliance hopes to benefit politically from that emotional response, the other financially. That it's a problem, and quite a serious one at that, is painfully clear to me.
南無阿弥陀仏!
US Debt to Overtake GDP in 2012 - 
- 08/06/2010 04:07:29 AM
655 Views
- 08/06/2010 04:07:29 AM
655 Views
Didn't we just talk about this?
- 08/06/2010 04:11:18 AM
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Not exactly.....
- 08/06/2010 04:18:51 AM
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It's hard to take seriously...
- 08/06/2010 05:13:48 AM
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So, in order to save money, we have to spend more money.....got it.
- 08/06/2010 05:21:59 AM
400 Views
You have heard of the concept of "investment" right?
- 08/06/2010 04:49:44 PM
291 Views
so you approve of war spending and tax cuts? *NM*
- 08/06/2010 05:24:56 PM
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I don't think I said that...
- 08/06/2010 07:04:18 PM
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why is it sunk cost? The money my son earned in Iraq he spent here in the US
- 08/06/2010 07:19:59 PM
307 Views
On the other hand...
- 08/06/2010 08:31:37 AM
429 Views
There are some important differences between Japan and the US, though.
- 08/06/2010 02:56:56 PM
315 Views
And it is those postal saving accounts that are screwing japan over
- 08/06/2010 05:00:41 PM
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My point was that Japan's public debt is offset somewhat by its high level of private savings.
- 08/06/2010 06:36:32 PM
2325 Views
And here's a chart to put the numbers into a better historical perspective.
- 08/06/2010 04:49:42 AM
445 Views
Wow, the most debt since WWII, which isn't even a good comparison.....
- 08/06/2010 05:25:49 AM
330 Views
You misunderstand.
- 08/06/2010 06:04:13 AM
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I have decided you know nothing about economics
- 09/06/2010 12:13:31 AM
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get trzaska some credit
- 09/06/2010 12:16:11 AM
299 Views
unsupported insults really are just so much noise *NM*
- 09/06/2010 05:01:05 AM
109 Views
Re: unsupported insults really are just so much noise
- 09/06/2010 07:56:48 AM
310 Views
so you were going to say something really smart but decided not to
- 09/06/2010 03:26:16 PM
273 Views
HA! HA! Summed up very nicely.....mick is just like Eric Cartman.
- 09/06/2010 03:34:56 PM
312 Views