 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. Blaming babies for being born is pretty silly, since they are vitally needed and without them there would end up being no national anything including a Nation! 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, How are you not passively aggressively blaming babies for being born when you see them as costs rather than joys? And explain how National Debt and Deficit result in different effects since both are just a way of saying we spent more money than we had? If I buy a car with a debt of 20,000 dollars and this month I have a deficit of 200 dollars to pay the bill for it, and I barrow that 200 then I have a House debt of $20000 and a House deficit of a mere $200 dollars but the EFFECT is, like it or not, my actual debt is $20200 and since I am the House, my House debt is 20200 dollars. Or a cow by any other name is still a cow. Opps, I did make a mistake. If I pay toward the car, then the debt remains the same, but if I borrowed to pay for gas without paying the car debt, which is I believe how much of our National Deficit money is spent then deficit and debt are the same pot of owed debt. Also, if the government borrows money continuously to pay debt already owed, they will be increasing the National Debt by the interest on the money borrowed. But I'm glad I got into this because I was wrong in my initial assumption, and I learned something, although I am right I believe, that to any extent that borrowed money does not go toward already acquired debt it is both in the deficit world and the debt world and thus the ... 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. The National debt increases every time someone is born because of the responsibility government has assumed to care for that person cradle to grave.This is not an attack on babies? Of course not, the unfortunate burden they impose is not resented by you! Your statement would make just as much sense if it said: "The National debt increases every time the earth goes around the sun because of the responsibility government has assumed to care for the highways and other infrastructures cradle to grave." Sir, there are unavoidable costs that come with the mere fact of existence, one need not name them in possibly disparaging ways. It is a lie actually to claim every born baby i... |
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