Avernus

A classic YouTube rant about the budget.

Recommended Posts

He fails to provide any credible argument that the deficit is a problem. He simply begins ranting on the assumption that it is a problem.

it is A problem...one of the main ones and when he talks about how capitalism is supposed to be better than communism, then why do we owe the biggest communist country out there like we do?...14T in debt (or more) is a serious problem....stop using semantics..

Link to comment
Share on other sites

:wacko:

 

Seems pretty obvious to me that if the debt level is truly a crisis the only solution is a combination of spending cuts (which I don't care for) and increasing taxes (which may suprise you but I don't care for either). Anything short is playing politics and if we are going to continue playing politics with the issue then it isn't truly a crisis.

Edited by Clubfoothead
Link to comment
Share on other sites

it is A problem...one of the main ones and when he talks about how capitalism is supposed to be better than communism, then why do we owe the biggest communist country out there like we do?...14T in debt (or more) is a serious problem....stop using semantics..

The vast majority of US debt is owed to Americans. China is effectively our largest minority shareholder - contrary to popular belief, they do not "own" us. That's not to say 14 Trillion is debt isn't a problem. But China isn't quite the boogeyman most people think.

Link to comment
Share on other sites

The ones where he was pointing out that a two front war combined with tax cuts was problematic?

 

and a $375 billion deficit! ZZZMOG!!

 

If you want to know how much stimulus the Bush tax plan has had on jobs, just do the math:

 

Under Bush's economic plan, the economy racked up a $375,300,000,000 dollar deficit during the 2003 fiscal year. During that same period the economy actually lost 403,000 jobs**. Very impressive.

 

This fiscal year we are on track to incur a deficit of at least $500,000,000,000 and add 1,641,000 jobs--which works out to $304,581 per job created. Only an absolute idiot would call that a successful stimulus plan.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.



  • Recently Browsing   0 members

    • No registered users viewing this page.