I'm so glad that man doesn't balance my checkbook because I'm pretty sure i wouldn't have a home to go to for very long following his logic lol.
i really need to stop reading political stories, my one nerve would thank me I'm sure lol
And you condone globalism? You dont realise the $17 trillion debt has accrued because of the trade deficit we have been incurring the last 25 odd years, that causes unemployment, a weak GDP, inflated welfare needs, and the constant need for borrowing?
No wonder the country is going in the wrong direction.
If people are unemployed they dont pay taxes, THEY COLLECT!
Globalism is killing American working class, but "those with capital" usually the elite class with lost of money, love it as they can move their productions overseas (outsourcing) to exploit other countries slave class, while influencing the government whores with (insourcing), sadly is also killing Americas economy.
Trade surpluses/deficits are not directly linked to government deficits/debt. Japan has been running trade surpluses for decades and their government debt is 250% of its GDP. US government was running deficits and had accumulated debt even in the years it was a net exporter.
This is exactly correct. The people who are blaming Obama for the deficit and debt are suffering a collective hallucination in which they cannot read the parts of the constitution that give the control of taxing and spending to congress.
TextAfter just one year of the Obama spending binge, federal spending had already rocketed to 25.2% of GDP, the highest in American history except for World War II. That compares to 20.8% in 2008, and an average of 19.6% during Bush’s two terms. The average during President Clinton’s two terms was 19.8%, and during the 60-plus years from World War II until 2008 — 19.7%. Obama’s own fiscal 2013 budget released in February projects the average during the entire 4 years of the Obama Administration to come in at 24.4% in just a few months. That budget shows federal spending increasing from $2.983 trillion in 2008 to an all time record $3.796 trillion in 2012, an increase of 27.3%.
reply to post by Crakeur
Yes you are right, I remember when Obama was elected and he went into the close doors meeting to get an overview of the countries state.
I still remember that he went into that meeting smiling and confident but went he came out of that meeting he had the face of a person that just found out the truth about something terrible and could not tell anybody what it was, it was the look of a hunted person.
Yes I remember and at that point I told myself, we are screwed and that is when I was behind him and was one of the many that gave him my vote.
reply to post by marg6043
There really is only one way, one shot, and it needs to happen immediately. They must massively cut total government spending, scrap obamacare, end the Fed and QE... They need to remove the tax burden from private sector business and corporations, remove restrictions and regulations on business and energy development. Get the government the hell out of the way, and pray that the private sector can turn this around before 2016. But you already know that isn't going to happen....
When other countries suffer greatly from the collapse of the USA, war is likely.