Article

2018-12-03 Economy

Our deficits may finally be coming home to roost (opens to video)

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Posted by Besoeker 2018-12-03 02:41|| || Front Page|| [2 views ] Top

#1 Deficit was unsustainable before Obama doubled it, but now GOP is in charge folks are finally noticing. Good, put heat on Congress, they control the budget.

Posted by rjschwarz 2018-12-03 11:24|| 2018-12-03 11:24|| Front Page Top

#2 I think the national debt is now insurmountable. The USA is the best in a barrel of rotten apples. It seems like every other country's national debt is even worse.

Posted by Anguper Hupomosing9418 2018-12-03 13:43|| 2018-12-03 13:43|| Front Page Top

#3 National debt is payable with the full weight of a photocopier.

Of course, right sizing the state and kicking the rent-seekers off the taxpayers backs is good for the economy, but those rent-seekers have a lot of wealth and own the media to lie to you about negative effects of cutting their loot.

Posted by Bright Pebbles 2018-12-03 15:20|| 2018-12-03 15:20|| Front Page Top

#4 The national debt isn't really a problem in the way that most people assume that it is. Most people seem to assume that the government will break itself trying to pay it back. It won't. The government will, like every other government in history, tell the people who foolishly lent it money, to get bent, and laugh all the way back to the Senatorial Palace. There is always risk in lending idiots money.

Posted by Vernal Hatrack2366 2018-12-03 16:43|| 2018-12-03 16:43|| Front Page Top

#5 The real risk is the financial collapse after banks realize that they will not be able to get back the money they have lent idiotic governments like the US and EU for generations.

Posted by Vernal Hatrack2366 2018-12-03 16:43|| 2018-12-03 16:43|| Front Page Top

#6 Deficit spending is simply a hidden tax on savings.

Posted by Glenmore 2018-12-03 17:46|| 2018-12-03 17:46|| Front Page Top

#7 It is also a generational tax. Boomers spending Millennial's earnings.

Posted by ruprecht 2018-12-03 23:27|| 2018-12-03 23:27|| Front Page Top

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