France: We are now totally bankrupt.

Discussion in 'Politics' started by Grandluxe, Jan 29, 2013.

  1. pspr

    pspr

    #71     Jan 29, 2013
  2. #72     Jan 29, 2013
  3. pspr

    pspr

    Dumb shit you have to read the article to get all the numbers. Or you can look at the record or the chart from Federal Reserve excluding 2013 which IS in the document.

    So don't be a horses ass just because they aren't painted on the inside of your eyeballs for you, fool
     
    #73     Jan 29, 2013
  4. Mercor

    Mercor

    Notice how revenues have come back close to the all time high under Bush.

    If spending had stayed the same as when Bush was in office we would have a surplus.

    How can it be said there is a revenue problem?
     
    #74     Jan 29, 2013
  5. pspr

    pspr

    We should have frozen the budget after climbing out of the recession at 2008-09 levels. But, no. Somebody in washington had much more spending to do and nobody was willing to say that we should freeze everything and hang their job on it.
     
    #75     Jan 29, 2013
  6. jem

    jem

    that blue line is a plague by Bush but it is a bigger plague by Obama.

    That blue line is plague on every americans future and current standard of living. Except the cronies.




     
    #76     Jan 29, 2013
  7. pspr

    pspr

    The gap was starting to close between spending and revenue before the financial collapse. But, now there is no way revenues can catch spending even if the economy starts growing faster.

    It's obvious that not just the growth of spending needs to be reigned in but spending itself has to come down. Otherwise the debt service if eventually going to explode that gap wide open. Plus we have a big entitlement spending problem that absolutely has to be dealt with right away, too.

    Like others have said here before, the politicians don't have the balls to deal with any of this. We'll just have to wait for the monster crash.
     
    #77     Jan 29, 2013
  8. piezoe

    piezoe

    Sadly, it pretty much is G. W. Bush and Reagan together. But you would have to give honorable mention to Phil Gramm, and a failure to recognize that capitalism only works well when there is competition.
     
    #78     Jan 29, 2013