What Does The $1.75 Trillion Deficit Mean for You and Me?

Nmysys wrote: Good answer SS109!!!!


Kresspin:

Get a brain. Everything with idiots like you is about the Tea Party instead of looking at the catastrophe we are heading into.

Great post Nmysys! Maybe kresspin's new nic should be the scarecrow..."if I only had a brain"! rofllol rofllol rofllol

A song for kresspin..[youtube:1gwac9kw][/youtube:1gwac9kw]

Spin, skippy, spin!

It's what I keep saying - we need to go backward to go forward.

perhaps I'll be getting my chickens this summer after all. Anyone interested in learning how to weave?

SS109 wrote:

kresspin wrote:

Nmysys wrote: It's kind of like the Unemployment figures. They tell us that it is now below 9% but the truth is that it is closer to 20% if you factor in those who have given up looking for work, and those on the continued unemployment compensation.

And if the Republicans/Tea Party have their way and shut down whole federal agencies... imagine what it will go up to then?

People might have to find productive jobs that actually create wealth instead of pushing paper around at the department of education or energy?

If there were productive jobs don't you think the "20%" unemployed (according to Nmysys) would have found them already?

Nmysys wrote: Kresspin:

Get a brain. Everything with idiots like you is about the Tea Party instead of looking at the catastrophe we are heading into.

Interesting. No denial. Just insults. Typical of how you handle debates.

Spin, Skippy, Spin! :VeryScared: rofllol :woo hoo:

Taxes only take money from the economy. This slows the economy.

The interest on the national debt is not paid to our economy, but is paid to foreign countries. This removes currency from our economy.

Paying only interest does not reduce the nat'l debt and the nat'l debt is increased each year.

Borrowing money from foreign countries is only lucrative for foreign countries if our GDP is greater than the nat'l debt. The nat'l debt outstanding of the U.S. is $14.26 trillion (97.3%) of calendar year 2010's annual gross domestic product (GDP) of $14.66 trillion. Whenever nat'l debt reaches 100% foreign countries will stop buying our debt because their risk will no longer be safe and collaterilized.

The U.S. will be bankrupt.

Any other questions?

outdoor338 wrote: Spin, Skippy, Spin! :VeryScared: rofllol :woo hoo:

Polly want another cracker? Cause you're nothing but a parrot with nothing original to say. It's like you're in high school.

kresspin wrote:

outdoor338 wrote: Spin, Skippy, Spin! :VeryScared: rofllol :woo hoo:

Polly want another cracker? Cause you're nothing but a parrot with nothing original to say. It's like you're in high school.

I was thinking you were both in pre shcool.