apnews.myway.com— Democrats plan to allow the government's debt to swell by nearly $2 trillion as part of a bill next week to pay for wars in Afghanistan and Iraq.
Dec 12, 2009View in Crawl 4
Only fools believe the Keynesian crap. It doesn't even pass the sniff test. Government cannot spend us rich. Wealth does not come from government. If government spending is so great, then why didn't Bush's spending make us all rich? Why aren't the USSR, North Korea & Cuba the world's economic leaders? What you cannot seem to understand is that government does not spend a thing that it does not take from us. If government is spending money on boondoggles, that means money cannot be spent on economically productive projects. Thus government spending retards economic growth & destroys prosperity.
I'm betting that $2 trillion won't be enough -- not by a wide margin.Medicare is already in the red. 2010 is when Social Security goes in the red. The economy is in a downward spiral, so tax revenues are dropping like a rock. US bonds have been downgraded. (They are still called AAA, but the US no longer is in the top tier of AAA. It is the equivalent to saying that US bonds are junk bonds.) Congress is spending like never before. Obama is talking about Stimulus III...In short, they will spend more the $2 trillion well before the next election. 2010 will see the level of debt mushroom.It's all going according to the Cloward-Piven Strategy.
Dems have controlled congress for far longer than the repulicans have. But they are both complicit in allowing debt to spiral out of control. There is plenty of blame for both parties.
Govt. creates ZERO wealth. They spend what they take by force. When the market is making less money, its the governments job to take whats left and spend it?Talk about a zero sum game. Keynesian economics is what brought us to the boondoggle.
inboxnewsDec 12, 2009Submitter
More hope and change.
professorpeakDec 14, 2009
Yippie, yet another reason to throw these bums out come 2010.
Closed AccountDec 14, 2009
Only fools believe the Keynesian crap. It doesn't even pass the sniff test. Government cannot spend us rich. Wealth does not come from government. If government spending is so great, then why didn't Bush's spending make us all rich? Why aren't the USSR, North Korea & Cuba the world's economic leaders? What you cannot seem to understand is that government does not spend a thing that it does not take from us. If government is spending money on boondoggles, that means money cannot be spent on economically productive projects. Thus government spending retards economic growth & destroys prosperity.
Closed AccountDec 14, 2009
I'm betting that $2 trillion won't be enough -- not by a wide margin.Medicare is already in the red. 2010 is when Social Security goes in the red. The economy is in a downward spiral, so tax revenues are dropping like a rock. US bonds have been downgraded. (They are still called AAA, but the US no longer is in the top tier of AAA. It is the equivalent to saying that US bonds are junk bonds.) Congress is spending like never before. Obama is talking about Stimulus III...In short, they will spend more the $2 trillion well before the next election. 2010 will see the level of debt mushroom.It's all going according to the Cloward-Piven Strategy.
drazen77Dec 14, 2009
He makes a bold assumption that it will still be our land. Kelo anyone?
drazen77Dec 14, 2009
Dems have controlled congress for far longer than the repulicans have. But they are both complicit in allowing debt to spiral out of control. There is plenty of blame for both parties.
drazen77Dec 14, 2009
Govt. creates ZERO wealth. They spend what they take by force. When the market is making less money, its the governments job to take whats left and spend it?Talk about a zero sum game. Keynesian economics is what brought us to the boondoggle.