bad news for Big O

[JohnnyD]

Originally Posted by fishbones

How so? You harp on deficits and debt and imply that they're bad. I simply pointed out that not all debt is bad debt. I learned that in college. Of course I only minored in economics in college because the advanced classes were too difficult for me. That's why I switched my major to Poli Sci. No math or real involved thinking required.

I never stated that all debt is bad, while "I figured as a business owner you'd understand that all debts aren't bad" assumes I did or that I don't understand that taking on *some* debt could be good.

Increasing deficits and debt with no real outlook at how the debts are going to be paid are what caused the collapse of the financial sector and, as I stated earlier, is how the Iraq War/Tax Cuts relationship was a major contributing factor to our current economic state.

[fishbones]

Originally Posted by JohnnyD

I never stated that all debt is bad, while "I figured as a business owner you'd understand that all debts aren't bad" assumes I did or that I don't understand that taking on *some* debt could be good.


Increasing deficits and debt with no real outlook at how the debts are going to be paid are what caused the collapse of the financial sector and, as I stated earlier, is how the Iraq War/Tax Cuts relationship was a major contributing factor to our current economic state.

OK, you didn't come right out and say it, but it was definitely implied when you used words like "insane" and link Bush's economy (which you refer to negatively) with "massive increase of national debt".

You can't have it both ways. And for the record, I think as usual we're not that far apart on our thoughts here. We just have a different way of arriving there.

[JohnnyD]

Originally Posted by fishbones

OK, you didn't come right out and say it, but it was definitely implied when you used words like "insane" and link Bush's economy (which you refer to negatively) with "massive increase of national debt".

You can't have it both ways. And for the record, I think as usual we're not that far apart on our thoughts here. We just have a different way of arriving there.

I see what you're saying. However, Bush's economy did result in a "massive increase of national debt", but my issue with it was that the debt was racked up with no method in sight for how to pay for it.

[buckman]

Originally Posted by JohnnyD

I see what you're saying. However, Bush's economy did result in a "massive increase of national debt", but my issue with it was that the debt was racked up with no method in sight for how to pay for it.

What's the magic plan to pay off Obama's MASSIVE debt?

[JohnnyD]

Originally Posted by buckman

What's the magic plan to pay off Obama's MASSIVE debt?

I never said their was one but, probably the same as Bush's plan oh how we'll pay for Iraq. Tell everyone the policy will pay for itself.

I don't support the massive debt being racked up by just about *ALL* the Democrats right now. But, I didn't agree with the debt being racked up by the Republicans during their last reign either.

[buckman]

Originally Posted by JohnnyD

I never said their was one but, probably the same as Bush's plan oh how we'll pay for Iraq. Tell everyone the policy will pay for itself.

I don't support the massive debt being racked up by just about *ALL* the Democrats right now. But, I didn't agree with the debt being racked up by the Republicans during their last reign either.

Wait until you see Obama's 800 Billion $$$$ war budget coming up!!

[scottw]

Originally Posted by buckman

What's the magic plan to pay off Obama's MASSIVE debt?

that's the question that everyone should be asking Buck...there is nothing being done to spur the economy, this is a willful destruction of the American economy, they will continue to smile at you and tell you things are getting better as everything collapses....higher taxes, more regulation, more dependence on government and greater government control of the private sector and your life ....this is now the playland of the radical left....good luck everyone...don't think that they haven't factored amnesty into the mid term calculus.....

[detbuch]

Originally Posted by JohnnyD

Increasing deficits and debt with no real outlook at how the debts are going to be paid are what caused the collapse of the financial sector and, as I stated earlier, is how the Iraq War/Tax Cuts relationship was a major contributing factor to our current economic state.

Wasn't "the economy" doing quite well before the collapse of the financial sector? And wasn't the Government debt as a percentage of GDP, at the time, not historically high? And wasn't the economy that produced high tax revenues partially due to the Bush tax cuts? Wasn't, thus, the Government operating on relatively sound fiscal policy until the financial sector crash (which had nothing to do with tax cuts or the Iraq war)?