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.'
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?
by Tony Lawrence 7 years ago
Oh, cut, cut, cut - you know you love it.I just happened to come across an object lesson from the 70's:This is from http://www.northropgrumman.com/analysis … -Trans.pdf For example, in 1979 the program wasrestructured following funding cuts by the Officeof the Secretary of Defense (OSD)....
by Jed Fisher 7 years ago
With 12-month treasury bond rates at 0% -- that's right, zero percent -- and the 30 year treasury bond rate at 4.3% it means it is a great time to borrow. It Does not mean the Government has to spend the money, just borrow it now when it is at the lowest rates ever. Who are these treasury bond...
by Harvey Stelman 8 years ago
Our Politicians think they can. Tell me if you or the government can; and how?
by Ralph Deeds 5 years ago
Economists Agree: Solutions Are ElusiveBy EDUARDO PORTERPublished: April 23, 2013 "Last week the International Monetary Fund hosted a conference of some of the world’s top macroeconomists to assess how the most intense crisis to have shaken the industrialized economies since the...
by borowest 6 years ago
Is it healthy to acquire a loan to service a debt?
by Eugene Hardy 6 years ago
14 Trillion Dollars.That is a lot of debt.If we were a house hold with a $15,000.00 debt that the house must pay, or face bankruptcy, then the house and all it’s members must work to together to do it.It will take more than 20 years probably to pay it off, meaning multiple administrations and...
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