Anyway, the above is not for you, it's for those with an open mind who do not know the situation.
I NEVER try and debate with (seemingly) closed minded people like you...waste of time.
Have a nice day.
Last edited by DA60; 09-03-12 at 07:12 AM.
that some are proposing that the solution is more trickle down is somewhat astounding.
sacramento, springfield, athens, brussels, tokyo...
too much trickle down
Obama in 2009: If I canít fix the economy in three years, you can call me former President Obama
The high level and long term government stimulus in Japan has been good and bad for Japan, it prevented a collapse of the economy after the asset bubble crash, but it helped prevent the structural changes in the Japanese economy that have been required. Now with Japan having trade deficits rather then surplus's the ability of the government to afford the stimulus spending is has been reduced. Japan of course can go the route of QE, as a means to lower the drastically rising Yen, but it does not change the fact that Japan requires some structural changes in its economy, and it needs it soon
Conservatives believe the government is incompetent, and seek to elect people who will prove it
Ignorance is Bliss Bliss is the same as happiness US Christian conservatives are the happiest in the US according to studies Do you see a connection?
The Public debt there is over 200% of GDP. List of countries by public debt - Wikipedia, the free encyclopedia How in the world could they ever let themselves get that deep into it? The problem with living on debt is that sooner or later, the debt has to be payed back. Servicing that debt is going to take up greater and greater portions of the available money, causing the need for greater debt to maintain the same level of services.
Take a look at their tax rates, there is not very much room to raise it before it just decimates individual income. Higher corporate taxes also chases away business.
Their opposition is right to try to stop the bleeding from debt and not allow more. Yes, austerity measures are going to hurt, but so will total collapse. Yet another country where the government providing social services has driven the budget and debt to unsustainable levels. We really need to wake up in the US and realize that we are headed down the same road. Our debt is over 100% GDP, way, way to high. It is time to make austere cuts to entitlements where we can, otherwise, we are now to the point where our debt will cause us even more debt just to service it.
Cut some now or cut all later, that is our choice and we need to make it. Do we have room to raise taxes, maybe, a overhaul of our tax system is needed, but taxes alone will not make up the difference and we can ill afford to keep piling on debt.