One poor troll deserves another.
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Good Gawd! -- FY '03 Deficit of $450 Billion
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What you say!!I make no bones about my moral support for [terrorist] organizations. - chegitz guevara
For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator Rubio
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For great justice!I make no bones about my moral support for [terrorist] organizations. - chegitz guevara
For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator Rubio
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Originally posted by TCO
Clinton set us up the bomb.
FLASHLIGHT!Christianity: The belief that a cosmic Jewish Zombie who was his own father can make you live forever if you symbolically eat his flesh and telepathically tell him you accept him as your master, so he can remove an evil force from your soul that is present in humanity because a rib-woman was convinced by a talking snake to eat from a magical tree...
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So that a good comparison is made:
The OECD publishes estimates of the 'structural' budget balance (i.e. that which would happen if the economy was on trend).
For the US and EU this was around -4% in the late 1980's - in the early 1990's the US figure then started to improve, reaching +1% in 2000.
The EU's figure didn't start to improve until the mid 1990's but the improvement after that was very rapid, with the structual balance reaching around -1% by the late 1990s.
Since then there has been a large deterioration in the US's structural balance (back to -4%) and a small deterioration in the EU's (to -1.5%).19th Century Liberal, 21st Century European
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I really don't think the US should be concerned about a large deficit. This deficit though not good news is manageable. The real losers in the world today are France and Germany, after their totally mismanaged economies are starting to tank completely.For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)
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Originally posted by Fez
The real losers in the world today are France and Germany, after their totally mismanaged economies are starting to tank completely.@ Fez!
No they're not.Germany is the 3rd largest economy in the world, they are just being pulled down by the economy problems in the US. The debt is bad because the larger it is the higher our interest, which forces the government to raise taxes or cut spending to pay the interest, slowing the economy futher, raising the debt, making taxes go up, YOU GET THE PICTURE.
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Originally posted by Odin
@ Fez!
No they're not.Germany is the 3rd largest economy in the world, they are just being pulled down by the economy problems in the US.
And an outmoded industry.
The debt is bad because the larger it is the higher our interest, which forces the government to raise taxes or cut spending to pay the interest, slowing the economy futher, raising the debt, making taxes go up, YOU GET THE PICTURE.
Commies never know anything about economics...
Most of what you say is laughable... and wrong.For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)
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