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Originally posted by john124
Pete Stark says: "the debt itself may have been used for economic development."
WHAAAA!!!! The debt has been used for endless wars and to cover the banks bad bets, and that isn't prosperous for anyone but the bankers, and especially not the majority of the people or the country.
The printed money has not been used in any way to have any return in investment and so cannot indicate weath, but rather indicates; stupidity, insanity, corruption, greed and waste which produces nothing. And the wars result in further terrorism.
Stark was born in Milwaukee, Wisconsin. He received a Bachelor of Science degree in general engineering at the Massachusetts Institute of Technology in 1953. He served in the United States Air Force from 1955 to 1957. After leaving the Air Force, Stark attended the Haas School of Business at the University of California, Berkeley, and received his MBA in 1960. Stark enjoyed living in the Bay Area so much that he decided to settle there after graduating.
Originally posted by xstealth
That was back when Pete Stark was younger, he has been in congress 30 years or so.
In an August 23, 2008 video taped interview with Jan Helfeld concerning the size of the national debt, Stark stated that the size of the national debt is a reflection of the nation's wealth.
Originally posted by endisnighe
reply to post by FortAnthem
By the way, what is his degree?
I swear, the longer someone has been in government service, the more their brain rots. Is there something in Washington D.C. besides corruption, immorality, bribery and threats that have de-evolved these folk?
Maybe there is a airborne pathogen that causes mad cow disease.
Being as that I'm one of those uneducated dullards who doesn't have one of those coveted masters or doctorates in economics, I was hoping that there was someone out there who could explain to me, is small words, how is it possible that a HUGE national debt could equal greater wealth?