Public Debt Outlook

And what I don\'t understand is how conservatives could be to blame for this economic malaise.  Our economy was as strong as it had ever been between the years of 2003-2007 (under a conservative controlled Congress and Presidency).  Then in 2007 our economy started its tumble to where we are now.  The dummies took over control of congress in 2006.

Hmmmm...

I don\'t expect you to understand.

This has been in the making since the 80\'s like i said earlier in this thread or another one here.

These things do not happen over night and not without heavy hands being involved.

I was speaking more from the business owners that are in debt, not the average person.

If we go into another depression, the rest of the world would literally own the US.

Not true, the rest of the world would follow us into a depression.  When it was over we would be much stronger than bailing out failed companies.

I don\'t expect you to understand.

This has been in the making since the 80\'s like i said earlier in this thread or another one here.

These things do not happen over night and not without heavy hands being involved.

Agreed, but I\'ll do you one better.  This can be linked as far back as 1977 with the CRA - a wonderful creation from Jimmy Carter. FYI - http://en.wikipedia.org/wiki/Community_Reinvestment_Act

I am not saying the cause of this crisis is mutually exclusive to the dummies, but the certainly played a huge part and most (not all) libs like to pass blame to Republicans.  A lot of the republicans who contributed to this problem are neocons who I do not feel truly represent the party.

[clips]

I agree with you that the fastest way to fix the economy is to create jobs.  The more people paying into the system, the faster the economy will rebuild.  However, I still believe that the more money you have the more you are likely to spend it.  You may not be hurting from high taxes, but I definitely am.  

However, this could also be attributed to the fact that I live in NY City where the taxes are among the highest in the country.  David Patterson has done a great job here running people out of town with his "Gym Membership" and "Bottled Water" taxes that he has proposed.  And Michael Bloomberg is angering a lot of citizens with his with hikes in the MTA fares and tax hikes.  So I\'m getting hit on three fronts.

I hear you on the taxes...as much as i loved jersey (even moreso NYC for that matter) the property taxes in jersey were just waaay too high. Even now when i speak to my sister in jersey, she tells me that property taxes in piscataway,nj (where i used to live) in some places are like 7-8000 dollars a year....:eek: ....i never thought i would move to georgia, but when i took one look at how cheap the homes were and the property taxes,...i was sold.

I hear you on the taxes...as much as i loved jersey (even moreso NYC for that matter) the property taxes in jersey were just waaay too high. Even now when i speak to my sister in jersey, she tells me that property taxes in piscataway,nj (where i used to live) in some places are like 7-8000 dollars a year....:eek: ....i never thought i would move to georgia, but when i took one look at how cheap the homes were and the property taxes,...i was sold.

Don\'t confuse city, state, and county taxes with federal like some others in these threads.

People like to lump "taxes" as a whole with Washington and it simply is not true.

Don\'t confuse city, state, and county taxes with federal like some others in these threads.

People like to lump "taxes" as a whole with Washington and it simply is not true.

I\'m not lumping them with Washington, I\'m lumping them with Democrats, and Democrats who claim to be Republican/Independent.

I\'m not lumping them with Washington, I\'m lumping them with Democrats, and Democrats who claim to be Republican/Independent.

This reply right here.

You are what is wrong with Washington and this country.

You guys love to think along party lines and nothing else.

Stop.

Think along party lines?  Don\'t Dems and Republicans both do that?  Trying to claim liberals do not and only conservatives do is erroneous.

Having a one party system and no term limits are what is wrong with this country.

Democrats didn\'t get the "Tax and Spend" reputation by accident (stereotypes become stereotypes for a reason, nine times out of ten they are true).  I\'m sorry if my generalization offends you, but do you really want me to list the number of times you lumped all Republicans into one group?  Thinking along party lines is not exclusive to Republicans, so don\'t claim you don\'t do it.

Democrats didn\'t get the "Tax and Spend" reputation by accident (stereotypes become stereotypes for a reason, nine times out of ten they are true).  I\'m sorry if my generalization offends you, but do you really want me to list the number of times you lumped all Republicans into one group?  Thinking along party lines is not exclusive to Republicans, so don\'t claim you don\'t do it.

I encourage you to do so.

Think along party lines?  Don\'t Dems and Republicans both do that?  Trying to claim liberals do not and only conservatives do is erroneous.

Having a one party system and no term limits are what is wrong with this country.

Exactly my point, start reading my comments, stop reading into them.


I agree...we need more legitimate parties and 2 term limits like POTUS

I see where your coming from, but I just don\'t buy it.
 
We have a budget deficit, so the solution is to create more debt?

It was more like "We have a terrible economy, so let\'s give the money to new/more workers and get it to fix itself."
 
As for the budget, I like that Obama is trying to chip away at it $100 million at a time. Cutting jobs is what you don\'t want to do, though, so it\'s got to be tough to find ways to slash without hurting the economy. It\'d be easier to make cuts if the economy wasn\'t so delicate right now. I\'m personally inclined to give them a pass on the deficit for the next couple years while the country tries to right itself. Then cut spending more heavily so we can ease taxes, which is something we all would like.

cutting spending = cutting the deficit,
cutting the deficit will lead to cutting taxes,
cutting taxes = more money in EVERYONE\'s pocket
more money will lead to more consumer spending
more spending = economic recovery.

I hear ya, but in this situation we tried taking out all those middle steps where you wait for step one\'s "cutting spending" to equal step five\'s "more spending".
 
We went right to "more spending = economic recovery".
 
(I do recognize the difference between government spending and consumer spending, and that presents a whole new avenue of places where that spending can affect, so it\'s an interesting difference.) I do like your chart better, though, and if we get back on course nationally, I\'d like to see us go more that route.

I\'m sorry if my generalization offends you, but do you really want me to list the number of times you lumped all Republicans into one group? Thinking along party lines is not exclusive to Republicans, so don\'t claim you don\'t do it.

I encourage you to do so.

I\'m waiting.........

As many times as I have seen you in this forum today, you still haven\'t found anything?

I\'m waiting.........

As many times as I have seen you in this forum today, you still haven\'t found anything?

Sorry, it was Friday ngiht - I\'ll get it done today though.