nice ^-^

lolusa

canada >

This post was edited by Nih on May 10 2012 10:38am

Lets stop spending money so unemployment rises exponentially, yyyyyeeeeaaaaahhhhhh!!!!!!!!!!!!

This post was edited by Skinned on May 10 2012 10:41am

Your sarcasm is historically and empirically inaccurate. Typical Keynesian view.

Only think historically and empirically inaccurate is laissez-faire.

lol so true.
All the zeroes make it hard for many Americans to get a good sense of the scale of things.
The millions, billions(, and trillions?) all run together.



Having the government spend more money is the most efficient way to create extra jobs.

Simplified? yes.
Accurate? not even remotely.

http://www.nextnewdeal.net/federal-budget-not-household-budget-heres-why

This post was edited by Arsenic_Touch on May 10 2012 11:20am

I don't think anyone makes an exact comparison when they use this technique. Rather, they are showing how the debt can and is unsustainable.

The article you linked was written in early 2010...roughly one year after Obama took office. Anyway, everything he said in the 5 points is absolutely correct. There's no doubt about it. We're likely never going to make a serious dent in the principle value. What we end up doing is roll over the debt i.e. we pay old debt with the creation of new debt. When you do that, you only have to pay the interest on the national debt. The problem is when the interest on the national debt becomes too large. Right now, you're looking at about 470 billion in interest for the next year....and this is with record low interest rates. What are we going to do when we have to raise the rates?

Really? No replies on one of the most important issues?

I am pretty sure I replied the last 74 times this was posted.