Safe prediction

[moddem38]

No matter who wins the election, or what party controls Congress, the national debt will continue to grow. Anyone disagree?

 

[gabriel]

cant

 

[Days]

me neither.

 

[NightSwimmer]

Yes. I disagree. Had you specified a limited time frame, then perhaps I wouldn't. I don't believe that our national debt will increase eternally.

 

[moddem38]

Yes. I disagree. Had you specified a limited time frame, then perhaps I wouldn't. I don't believe that our national debt will increase eternally.

You're right. I should have a given a time frame. Let's make it the next four years--what do u think?

 

[ITALIA]

You're right. I should have a given a time frame. Let's make it the next four years--what do u think?

You did give a time frame with either Obama or Romney winning this election.

 

[moddem38]

You did give a time frame with either Obama or Romney winning this election.

I appreciate the support but I didn't say how long either man had to reduce the debt once he won the election. I said after the election, but that could be six months or four years. The end of their term (2016)was my intended time frame, but I didn't explicitly say that. Nightswimmer has a point.

 

[ITALIA]

I appreciate the support but I didn't say how long either man had to reduce the debt once he won the election. I said after the election, but that could be six months or four years. The end of their term (2016)was my intended time frame, but I didn't explicitly say that. Nightswimmer has a point.

It will be a long time to see the debt go down. Perhaps you mean the deficit. That will take some work to get that down and as long as the deficit is positive (meaning more expense than income during the year) the debt will grow.

 

[Bruce]

No matter who wins the election, or what party controls Congress, the national debt will continue to grow. Anyone disagree?

Debt will be paid down after a good recovery. As GDP grows or shrinks the fed will have to act accordingly. Whether the repubs like to admit it or not, Obama has saved the nation from the worst economic disaster ever to hit the modern world. While they make hay with the debt they very well understand that it was their cut tax'es for the rich policies and deregulation that brought us to the threshold of disaster. We'll never ever allow a president a line of credit that GW Bush enjoyed.

 

[Norkalein]

Debt will be paid down after a good recovery. As GDP grows or shrinks the fed will have to act accordingly. Whether the repubs like to admit it or not, Obama has saved the nation from the worst economic disaster ever to hit the modern world. While they make hay with the debt they very well understand that it was their cut tax'es for the rich policies and deregulation that brought us to the threshold of disaster. We'll never ever allow a president a line of credit that GW Bush enjoyed.

Didn't Obama request a $1.2 trillion dollar increase in the debt limit?

 

[NightSwimmer]

You're right. I should have a given a time frame. Let's make it the next four years--what do u think?

We've been digging this hole for a long time, so we probably won't see a reversal in the next five years -- but it's possible. I'm not really worried as much about short term conditions as some seem to be. Long term strategy is more important.

 

[moddem38]

Debt will be paid down after a good recovery. As GDP grows or shrinks the fed will have to act accordingly. Whether the repubs like to admit it or not, Obama has saved the nation from the worst economic disaster ever to hit the modern world. While they make hay with the debt they very well understand that it was their cut tax'es for the rich policies and deregulation that brought us to the threshold of disaster. We'll never ever allow a president a line of credit that GW Bush enjoyed.

Deregulation was bipartisan; the worst actions occurred during Bill Clinton's watch; Glass-Steagal was repealed with the approval of Larry Summers, among other Dems catering to Wall Street.

 

[Days]

so both parties are screwing the American people, which begs the question; why do you people argue partisan politics, when we obviously are getting conned by them?

 

[NightSwimmer]

so both parties are screwing the American people, which begs the question; why do you people argue partisan politics, when we obviously are getting conned by them?

It should be your choice, as an American, to specify by whom you shall be screwed.

 

[moddem38]

so both parties are screwing the American people, which begs the question; why do you people argue partisan politics, when we obviously are getting conned by them?

I agree with you that they're both bad. I guess my answer would be is that , at least for now,we have to choose b/w the Dems and Reps. We have a two-party system entrenched right now; I don't like it, but I don't see it disappearing any time soon.

 

[Bruce]

Didn't Obama request a $1.2 trillion dollar increase in the debt limit?

Yes he did,and with good reason, to keep you from going belly up.

 

[Bruce]

Deregulation was bipartisan; the worst actions occurred during Bill Clinton's watch; Glass-Steagal was repealed with the approval of Larry Summers, among other Dems catering to Wall Street.

That's where the american folk's were duped. Bill Clinton was a very moderate democrat. Jobs were created under his watch but wages and salaries remained stagnant while inflation rose.