Deficits

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  1. carolegalassi profile image63
    carolegalassiposted 8 years ago

    Have you ever wondered, if both the Democrats and the Republicans are against deficits, inflation and high taxes why do we have deficits, inflation and high taxes?

    1. ledefensetech profile image69
      ledefensetechposted 8 years agoin reply to this

      If they claimed differently, they'd never get elected.  So they lie to us so they get a shot at power for however long their term lasts, and then try to lie to us again.

    2. profile image0
      Poppa Bluesposted 8 years agoin reply to this

      That's easy, because one (or both) of them is lying!

    3. LiamBean profile image88
      LiamBeanposted 8 years agoin reply to this

      Because they really aren't against those things. This is how you get votes. The philosophy is IWBHYWBH*.

      "I won't be here; you won't be here" to suffer the fall-out of my decision.

  2. forlan profile image57
    forlanposted 8 years ago

    Economic is not simple in reality. Even all human in the world have deal to against deficit, we still have deficits.

  3. Cagsil profile image81
    Cagsilposted 8 years ago

    Actually this question is fairly simple to answer, but has hundreds, if not thousands of, different factors.

    With that said, the deficit is different than the National DEBT owed by America. The Deficit deals with exports and imports, and how much revenue can be achieved, through taxation.

    It is then accumulated together and compared to government spending. What the difference is? Is called a deficit.

    If you want to talk about America's debt? That would be another animal. The DEBT owed by Government, which continues accumulating expenses, because of a weakened economy(supposedly).

    The DEBT in total is close to about $11 TRILLION and growing.

    That is not including, what is owed via subsidized markets in healthcare, medicare, medicaid or social security(which money was taken from to loan to other countries, with the hope of seeing a return, which hasn't happened as of yet?).

    If you account for the additional program I mentioned, then America's debt is closer to $100 TRILLION and still growing, because "Business" continues operate behind greed and won't bend to the consumers request of better value.

    Thanks for playing.

    1. ledefensetech profile image69
      ledefensetechposted 8 years agoin reply to this

      You had it, then lost it at the end.  Business won't bend and give better value?  If you don't like the offerings, why are you spending your money?

      I think you meant to say that America's debt is 100 trillion and growing because government continues to operate behind closed doors and won't bend to the citizen's demand of transparency and accountability.

      1. Hmrjmr1 profile image78
        Hmrjmr1posted 8 years agoin reply to this

        By Jove I think You've Got It!

    2. profile image60
      C.J. Wrightposted 8 years agoin reply to this

      The business has NO incentive to increase value when the consumer keeps dancing to his tune.

  4. profile image0
    Poppa Bluesposted 8 years ago

    To give you some perspective on America's debt:

    http://www.usdebtclock.org/

    1. Flightkeeper profile image72
      Flightkeeperposted 8 years agoin reply to this

      Does that include the bailout/stimulus?

      1. profile image0
        Poppa Bluesposted 8 years agoin reply to this

        Everything is there! It's bigger than your screen so you might have to pan around. It's a real eye opener. Imagine, every citizen in this country owes the government 340,000 dollars!

        1. Flightkeeper profile image72
          Flightkeeperposted 8 years agoin reply to this

          Everything was there, but there was so much information and the numbers were so high, I didn't want to look!!! lol

        2. profile image0
          Denno66posted 8 years agoin reply to this

          Well, they're gonna have to wait a loooong time for my share.

  5. profile image0
    Denno66posted 8 years ago

    Oh, we're talking about America's Financial Deficit.  ;p

  6. Flightkeeper profile image72
    Flightkeeperposted 8 years ago

    I refuse to look at usdebtclock.org -- it's getting me upset.

    1. profile image0
      Poppa Bluesposted 8 years agoin reply to this

      It's astonishing! Did you see our GDP is equal to our debt! That's like your mortgage being equal to you pay check!

      And now we will embark on government health care, they say one trillion dollars but we all know the math is fuzzy and it will probably be closer to ten trillion dollars, which is like you taking out a loan to buy a Mercedes when already your whole paycheck is going to your mortgage!

      And hey we haven't even figured out yet how you will eat, pay for heat, put your kids through college, and save for retirement.

      Not to worry because now we'll implement carbon cap and trade!
      Time for you to get a second job or maybe you  can get the relatives to give you a loan?

  7. livelonger profile image92
    livelongerposted 8 years ago

    The deficit has NOTHING to do with imports/exports, Cagsil. You're talking about our *trade deficit* in that case.

    The deficit is understood to mean "budget deficit," or the difference between what the government spends and what it takes in via taxes. This is on a yearly cycle.

    The national debt is the *total* federal government's debts outstanding.

    Unlike the Iraq War, for example, the health care reform is likely to pay itself back (i.e. have a neutral impact on the national debt) over 10 years. Much of the bailouts are also expected to be paid back.

    The Iraq War was just $1 trillion (or more) dumped down the drain with absolutely nothing to do for it except an unstable Iraq. NONE of it will be returned to the federal coffers.

 
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