Austerity measures coming to our shores soon! We are $15,600,000,000,000. In debt which does not even include unfunded future liabilities of medicare and Social Security.
Did you read this article? Austerity is causing Spain, and much of the rest of Europe to go BACK into a recession. Austerity is the LAST thing we need. What about unfunded future liabilities of The Defense Dept.? Everything else pales in comparison to that.
‘Betcha’ a million dollars these ‘austerity measures’ include making the (100% deficit-financed) ‘Bush tax cuts’ permanent (at least for the top brackets) and savaging programs for the future (but not current and voting) elderly.
Political hacks can’t run an economy in any country. They only know tax and spend 101 without regard to who can pay the bill until nobody can pay the bill. Greece, Spain, Portugal, Italy and on and on. We are almost there. Unless and until we get our debt under control, don’t expect much economic growth other than sales to China and that will not do any good for your dinner table.
The Senate and Obama are taking us right down this path. Did they start the problem, no. Did they make it far worse, aboslutely.
This is a picture of where we are going if we keep spending money we don’t have. Our debt will sink the economy just like it is sinking Spains. Oh wait, I forgot this is going to be the summer of recovery! Or was that last year? No, I think it was 2010…2009?
Austerity measures coming to our shores soon! We are $15,600,000,000,000. In debt which does not even include unfunded future liabilities of medicare and Social Security.
NOBAMA 2012!
Did you read this article? Austerity is causing Spain, and much of the rest of Europe to go BACK into a recession. Austerity is the LAST thing we need. What about unfunded future liabilities of The Defense Dept.? Everything else pales in comparison to that.
‘Betcha’ a million dollars these ‘austerity measures’ include making the (100% deficit-financed) ‘Bush tax cuts’ permanent (at least for the top brackets) and savaging programs for the future (but not current and voting) elderly.
Political hacks can’t run an economy in any country. They only know tax and spend 101 without regard to who can pay the bill until nobody can pay the bill. Greece, Spain, Portugal, Italy and on and on. We are almost there. Unless and until we get our debt under control, don’t expect much economic growth other than sales to China and that will not do any good for your dinner table.
The Senate and Obama are taking us right down this path. Did they start the problem, no. Did they make it far worse, aboslutely.
This is a picture of where we are going if we keep spending money we don’t have. Our debt will sink the economy just like it is sinking Spains. Oh wait, I forgot this is going to be the summer of recovery! Or was that last year? No, I think it was 2010…2009?