Debt will rise to 90% of the GDP

[ALPHAGRIZ1]

This fu*king guy and his preplanned outline to wreck this country.

There is no defending this kind of spending, hes doing it on purpose.

http://www.washingtontimes.com/news/201 ... 90-of-gdp/" onclick="window.open(this.href);return false;

[Chizzang]

That is as absolute sh!t-load of debt..!!!!

[travelinman67]

That is as absolute sh!t-load of debt..!!!!

I was sooo f**king right about this guy...



You're buying the beer for the rest of my life.

[Baldy]

Wow...how can we not take it into serious consideration to just start over as far as the budget is concerned?
Between local, state, and federal, some people are paying 60+% in taxes now. There is only so much blood you can take before you kill the patient.

When entitlements make up well over 50% of your budget, something has got to change. it will be painful but the 3 biggies need to be drastically reduced or eliminated altogether. It is unsustainable now, we have got to do something.

[YoUDeeMan]

Hey, don't worry...the debt is reaching the percentage we had at the end of WWII. Not a problem, according to kalm.


In fact, kalm says we will suddenly have a shitload of growth and prosperity and there will be a rebirth of the middle class...a chicken in every pot, two cars in every driveway, we'll build roads, houses...factories will spring up everywhere in our country as we make things again to meet pent up world demand...jobs will be created!!!!!

Suburbia will become the new promised land and cities will start to lose their magic as inner city folks escape the...wait...I'm confused. Doesn't matter, the debt is up and good times...they are coming!

[native]

That is as absolute sh!t-load of debt..!!!!

I was sooo f**king right about this guy...

You're buying the beer for the rest of my life.

I predict you will never see a drop.

[kalm]

Hey, don't worry...the debt is reaching the percentage we had at the end of WWII. Not a problem, according to kalm.


In fact, kalm says we will suddenly have a shitload of growth and prosperity and there will be a rebirth of the middle class...a chicken in every pot, two cars in every driveway, we'll build roads, houses...factories will spring up everywhere in our country as we make things again to meet pent up world demand...jobs will be created!!!!!

Suburbia will become the new promised land and cities will start to lose their magic as inner city folks escape the...wait...I'm confused. Doesn't matter, the debt is up and good times...they are coming!

Take a break stalker, you're obsessing.

Of course debt is a problem, and what's worse is thanks to free trade we lack a manufacturing base and the good paying jobs it creates. Jobs and money in people's wallets are what we need, and corporate America ain't hiring. (except maybe overseas).

I know, I know, demand is created by cutting taxes so that coroporations can produce more crap we don't need or afford.

[GannonFan]

Hey, don't worry...the debt is reaching the percentage we had at the end of WWII. Not a problem, according to kalm.


In fact, kalm says we will suddenly have a shitload of growth and prosperity and there will be a rebirth of the middle class...a chicken in every pot, two cars in every driveway, we'll build roads, houses...factories will spring up everywhere in our country as we make things again to meet pent up world demand...jobs will be created!!!!!

Suburbia will become the new promised land and cities will start to lose their magic as inner city folks escape the...wait...I'm confused. Doesn't matter, the debt is up and good times...they are coming!

Take a break stalker, you're obsessing.

Of course debt is a problem, and what's worse is thanks to free trade we lack a manufacturing base and the good paying jobs it creates. Jobs and money in people's wallets are what we need, and corporate America ain't hiring. (except maybe overseas).

I know, I know, demand is created by cutting taxes so that coroporations can produce more crap we don't need or afford.

Blaming free trade for our woes is a dead-end argument. Even if we had tried to protect our manufacturing base, as you call it, with trade barriers, it still wouldn't get around the fact that a lot of stuff that we could make here can be made cheaper and easier somewhere else, and the rest of the world would buy from those places. Isolationism and protectionism are not viable avenues for economic success. Free trade has its warts and challenges, but it's still far superior in terms of progress than sitting behind a trade wall and ignoring the rest of the world.

[Chizzang]

I was sooo f**king right about this guy...

You're buying the beer for the rest of my life.

I predict you will never see a drop.

I'll buy you all the beer you want... no problem there, but aren't all the beer companies now European owned, we'll need to support a small American brand

[native]

I predict you will never see a drop.

I'll buy you all the beer you want... no problem there, but aren't all the beer companies now European owned, we'll need to support a small American brand

Guess it will have to be a local mini-brew.

[Ibanez]

Hey, don't worry...the debt is reaching the percentage we had at the end of WWII. Not a problem, according to kalm.


In fact, kalm says we will suddenly have a shitload of growth and prosperity and there will be a rebirth of the middle class...a chicken in every pot, two cars in every driveway, we'll build roads, houses...factories will spring up everywhere in our country as we make things again to meet pent up world demand...jobs will be created!!!!!

Suburbia will become the new promised land and cities will start to lose their magic as inner city folks escape the...wait...I'm confused. Doesn't matter, the debt is up and good times...they are coming!

If i recall my history correctly, our debt was about 90-100% during and a few years after WW2.

[oldsloguy]

Hey, don't worry...the debt is reaching the percentage we had at the end of WWII. Not a problem, according to kalm.


In fact, kalm says we will suddenly have a shitload of growth and prosperity and there will be a rebirth of the middle class...a chicken in every pot, two cars in every driveway, we'll build roads, houses...factories will spring up everywhere in our country as we make things again to meet pent up world demand...jobs will be created!!!!!

Suburbia will become the new promised land and cities will start to lose their magic as inner city folks escape the...wait...I'm confused. Doesn't matter, the debt is up and good times...they are coming!

If i recall my history correctly, our debt was about 90-100% during and a few years after WW2.

Yea, it was, but as Cluck alluded, a large part of the world was destroyed and we had virtually no competitors, allowing the US to grow our way out by export. That won’t happen this time. Further, the government after WWII quickly reduced spending and brought the deficit down rapidly. That probably not happen this time as well.

[Chizzang]

Yea, it was, but as Cluck alluded, a large part of the world was destroyed and we had virtually no competitors, allowing the US to grow our way out by export. That won’t happen this time. Further, the government after WWII quickly reduced spending and brought the deficit down rapidly. That probably not happen this time as well.

is that on record..? I mean that our federal government actually "reduced spending" or did they just slow the rate of over spending... I'm curious: Because if they actually "reduced" as in less dollars spent than the previous year... I might just take back all the bad things I said about congress in the past 100 years

[oldsloguy]

Yea, it was, but as Cluck alluded, a large part of the world was destroyed and we had virtually no competitors, allowing the US to grow our way out by export. That won’t happen this time. Further, the government after WWII quickly reduced spending and brought the deficit down rapidly. That probably not happen this time as well.

is that on record..? I mean that our federal government actually "reduced spending" or did they just slow the rate of over spending... I'm curious: Because if they actually "reduced" as in less dollars spent than the previous year... I might just take back all the bad things I said about congress in the past 100 years

Well, ya know I probably should have looked that up before I posted it. I think they did, but I'll have to look that up.
Added by Edit:
Ya, I think that was correct. The government ran surpluses for three years after WWII. Total Federal outlays declined from $92 billion in 1945 to $29 billion in 1948.

http://www.gpoaccess.gov/usbudget/fy08/pdf/hist.pdf" onclick="window.open(this.href);return false;
See Table 1.1