 tabsey says: Manufacturing & Technology News, Washington Some will enjoy but most won't. Don't count me among those who enjoy this. I find no relish in the proof of the incompetence of the leader I do not, and never have, supported. Incompetence is one thing and I will not say Bush is not. However, the dollar is being crashed intentionally so in that respect, at least, he is competent. Income has not declined in any sense, especially in historical comparison. But the thesis of the clip is not that far off. Debt accumulation by the Federal government has not been caused by recent budgets or war. It is being caused by a wave of entitlements becoming due. We could end the debt tomorrow by defaulting on entitlement programs or we can stimulate the economy as was done during the Clinton, Reagan, and Kennedy years. You really have 2 issues here, the economy and the intentional devaluation of the dollar. Yes, willie, of course no-bid war contracts have nothing to do with the national debt. Not a thing. You never let us down. deficit maybe, debt no. Debt accumulation by the Federal government has not been caused by recent budgets or war. It is being caused by a wave of entitlements becoming due.--- Clinton left Bush with a $300+ billion surplus. Bush is leaving with a $400+ billion deficit. Homework: Washington (APF); Bush proposes record 3.1 trillion-dollar budget WASHINGTON (AFP) — US President George W. Bush proposed Monday a record 3.1-trillion-dollar budget for fiscal 2009 that widens the government deficit... Bush's spending plan, sent to Congress for the fiscal year starting October 1, forecasts heavy deficits for the government -- 4... AL, please learn the difference in National debt and National deficit. Surely the war and the spending by congress add to the the deficit. There is no argument there. However, the impact on the National debt is negligble. If the US were running huge surpluses, then our National debt would still be growing at practically the same pace. Bush is all to willing to collapse the dollar. What you fail to understand is that the National debt is different. The National debt increases every time someone is born because of the responsibility government has assumed to care for that person cradle to grave. There is no practical difference between the effects of the National Debt and the effects of the National Deficit.I guess I should have come to expect this level of scrutiny and intellectual capacity at Clipmarks. I never ceased to be amazed. Blaming babies? No difference in National debt and National deficit? Pitiful! every time someone is born because of the responsibility government has assumed to care for that person cradle to grave.When did America go socialist? "To care for that person cradle to grave." Health care? Food? Shelter? Jobs? Are you serious??? Wouldn't fully mature immigrants not be a more viable alternative than new babies while America is desperate? Willhelm,Are you really that big of an idiot? I will not even justify that with a response. You are entirely absurd. Please reflect. And explain how National Debt and Deficit result in different effectsI will just have to suspect your ignorance is an aberration even for Clipmarks. Our National Debt increases even when we run surpluses. So, you really need a bit of remedial learning. I do not like to waste my time with such morons. |
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