We cannot borrow our way out of debt.

  1. tobey100 profile image61
    tobey100posted 6 years ago

    Regardless of what the Annointed One tells us.  It's not possible and anyone with a grain of sense, logically knows this to be true.  The latest 50 billion dollar 'jobs' plan will have the same effect as the previous two.  Nothing.  The One tells use it will not raise the debt one dime (haven't we heard that before?) but to implement this 'jobs' plan he will eliminate certain tax incentives for businesses.  (For those of you still in the 2nd grade, if you eliminate a monetary incentive for doing something, then either less of that something is made or the cost to make that something goes up).  Roughly, the definition of insanity is repeating the same action over and over expecting the outcome to be different.  Sound familiar?  In the words of General Grosvenor, 'Figures won't lie, but liars will figure.'

  2. BRIAN SLATER profile image86
    BRIAN SLATERposted 6 years ago

    We cannot borrow our way out of debt? surely governments have been doing that for some years now- when was the last group of politicians to leave the house saying we have left all the books balanced.?
    The government rights off debt regularly
    now consumers can have their debt written off- where do we go from here?