Originally posted by The Dice
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The world economy is starting to recover
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Originally posted by -veteran420- View Posti can't help but laugh......
I don’t understand you people. You should be happy the America is starting to recover. The economic policy by the Obama administration is working. The GDP growth is due to consumer spending. The stimulus package is helping. You shouldn’t worry about debt since it doesn’t affect growth. The government had to nationalize some banks and the auto industry since there was no credit available to them. Had they not intervened the situation would have been much worse and many people would have lost their jobs all at once and create chaos. The government wants to get out as soon as possible and allow their industry to return to privatization.
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Originally posted by The Dice View Posthttp://www.google.com/hostednews/ap/...HvzEgD9BKVNA81
I don’t understand you people. You should be happy the America is starting to recover. The economic policy by the Obama administration is working. The GDP growth is due to consumer spending. The stimulus package is helping. You shouldn’t worry about debt since it doesn’t affect growth. The government had to nationalize some banks and the auto industry since there was no credit available to them. Had they not intervened the situation would have been much worse and many people would have lost their jobs all at once and create chaos. The government wants to get out as soon as possible and allow their industry to return to privatization.
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Originally posted by The Dice View PostRefer to my DEBT as % of GDP. It was much higher and those periods were we America experienced the best growth
the only way the govt can afford to pay even the interest on our debt is to borrow more (fail), tax more (economic strangulation) or to print more money (collapsing the dollar)....
you're so dumb that this isnt even fun... to the point where i believe you are an ALT just flaming.. nobody is this foolish
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Originally posted by -veteran420- View Postthat graph has no bearing...
the only way the govt can afford to pay even the interest on our debt is to borrow more (fail), tax more (economic strangulation) or to print more money (collapsing the dollar)....
you're so dumb that this isnt even fun... to the point where i believe you are an ALT just flaming.. nobody is this foolish
Tax shouldn’t be seen as a economic strangulation, this is the problem with free marketist folks. Tax is needed to provide survives for the people to keep the country in check. Tax will recover when the economy recovers to pay off the debt.
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Originally posted by The Dice View PostThe dollar is not going to collapse for a very long time. China cannot diversify its currency reserves. It possesses 2 trillion dollars of foreign reserves bought, so dumping the dollar would really hurt them
Tax shouldn’t be seen as a economic strangulation, this is the problem with free marketist folks. Tax is needed to provide survives for the people to keep the country in check. Tax will recover when the economy recovers to pay off the debt.
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