60 percent of Americans favor "additional government spending to create jobs and stimulate the economy."

[Trumplestiltskin 5,791]

BY, how do you personally prove that anyone you meet is here legally?

Do you make a habit of demanding to see their credentials, or do you just rifle their wallets and bags?

[Usui Takumi 1,562]

It's not only the US that is taking these measures to tackle the deficit.

How much do we borrow? If you borrow more than you can reasonably pay back, at some point you become bankrupt.

Really BY, really!?

Sherlock Holmes would not approve of your deductive methods.

True. We once borrowed something like 120% of total GDP. Over the course of 40 years that fell to about 30% when, under the Reagan Administration we started a spending spree through to the Clinton Administration. Books were again balance and things looked good until 2001.

[Trumplestiltskin 5,791]

True. We once borrowed something like 120% of total GDP. Over the course of 40 years that fell to about 30% when, under the Reagan Administration we started a spending spree through to the Clinton Administration. Books were again balance and things looked good until 2001.

Did you know know it wasn't until the Thatcher government that the UK finished paying back the debt the UK ran up in WW2?

How long will it take this time?

[Usui Takumi 1,562]

Did you know know it wasn't until the Thatcher government that the UK finished paying back the debt the UK ran up in WW2?

How long will it take this time?

Actually can someone highlight how debt was handled post World War 2? My understanding is that the US forgave most debt from the War itself including Japan, Britain, Germany, France, and the Soviet Union in the interest of market stability. The debt Pike mentions I believe is from 1945/46 (roughly 1 billion I think?) when Britain purchased the equipment in their possession as well as US food.

Edited July 7, 2010 by Sousuke

[I AM NOT THAT GUY 5,715]

They can go out and earn their own money.

That's just it: We are already spending the earnings of future generations. That sort of theft was thought of by FDR and the "Greatest Generation" bought it hook, line and sinker. Edmund G. Brown, Moonbeam's father, used the scheme to build the infrastructure in California that is costing the state a fortune in maintenance costs, and established CALPERS, which is currently bankrupting the state.

Yep. It's a beach, when you have to pay for your parents and grandparents' folly, while they squander a lifetime of thievery, getting all their medical and bingo money paid for with borrowed money, while at the same time, hoarding a majority of the nation's wealth.

No surprise, that the Baby Boomer's want the same deal, as they get ready to retire themselves, leaving only scraps for the following generations that will have to wipe their poopy butts.

Edited July 7, 2010 by ##########

[Gary and Alla 3,694]

Good news for you, eh Steven? So you can expect good election results this fall for Dems.

[mendeleev 68]

Surely there comes a point where the debts are so massive that you can't increase spending without plunging the country into a spiral of debt from which it will not soon recover. I'd say we're already at that point.

If the bond markets agreed with you, which apparently they don't, the interest rate on a 10-year Treasury Bond would be a lot more than 3%. Last I checked, the rate was 2.97%.

[Trumplestiltskin 5,791]

If the bond markets agreed with you, which apparently they don't, the interest rate on a 10-year Treasury Bond would be a lot more than 3%. Last I checked, the rate was 2.97%.

I'm not an economist - but I think there is probably a reason why the US and every major economy in Europe is moving away from stimulus and is instead trying to reduce the national deficit.

[mawilson 2,133]

When you have 47% of the population paying no federal taxes

Federal income taxes, not federal taxes. Social Security and Medicare taxes are federal taxes.

[mawilson 2,133]

If the bond markets agreed with you, which apparently they don't, the interest rate on a 10-year Treasury Bond would be a lot more than 3%. Last I checked, the rate was 2.97%.

Using the (currently) low interest rates to justify profligate spending is as shortsighted and

self-destructive as using the stock market as a gauge of the country's real economic condition.

Indeed, if you applied the same logic to the stock market, you'd have to conclude that in

October 2007 (when the Dow Jones index was at 14,000), the economy was doing fine and faced no

immediate threat. We now know it wasn't true and that the stock market was in a bubble.

The US government bond market may very well be the next bubble to burst. Given the current

deficit projections, it is inconceivable that anyone would want to continue lending money

to the US government for 10 years at 3 percent interest rate.

[Pooky 3,795]

The problem with American politics is not that it is too easily influenced by public opinion. The problem is that it is not influenced enough.

So, 60% is a majority who support a policy, but 70% is mob rule that must be fought against?

Where is the consistency?

Why will this administration not take the quoted excerpt from your OP to heart when considering AZ SB 1070?

Why won't you?

[I AM NOT THAT GUY 5,715]

So, 60% is a majority who support a policy, but 70% is mob rule that must be fought against?

Where is the consistency?

Why will this administration not take the quoted excerpt from your OP to heart when considering AZ SB 1070?

Why won't you?

Steve is grasping at straw as he wallows in the mire. Someday, he will be dug up, well preserved, and put on display in a natural history museum.

Edited July 8, 2010 by ##########

[luckytxn 2,264]

It has already proven to help us so far so why not just keep printing the money and throwing it out there. After all we will not be paying it back in our lifetime.

[one...two...tree 2,762]

So, 60% is a majority who support a policy, but 70% is mob rule that must be fought against?

Where is the consistency?

Why will this administration not take the quoted excerpt from your OP to heart when considering AZ SB 1070?

Why won't you?

Populism tempered by our beloved Constitution. What a beautiful concept.

[evli1966 88]

Populism tempered by our beloved Constitution. What a beautiful concept.

Are you saying the constitution states that the majority of the population can not determine the direction of the country?

We all know it protects the civil rights of the Legal Citizens of the USA.

Delusions do not make your point here.

If the government acts accordingly to the approval of the populace then it should be consistent and act so in all matters; as long as civil rigths are not abused.

Let get back on topic steve wouldn't want smarter be than I to start stomping on your posts