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Thread: Wave Of Debt Payments Facing Govt

  1. #11
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    Re: Wave Of Debt Payments Facing Govt

    The question is no longer whether we'll be bankrupt from all this.

    The question is, is Obama doing this on purpose? Does the utter collapse of this country concern him, or is it his actual goal?

    When he and much of his party seem determined to basically give away the 2010 election in exchange for passing a bankrupting healthcare plan, it makes you wonder if this is bad policy, or intentional sabotage?

  2. #12
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    Re: Wave Of Debt Payments Facing Govt



    Can anyone explain why debt in excess of GDP did not bankrupt the nation in the past?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Wave Of Debt Payments Facing Govt

    Quote Originally Posted by The Prof View Post
    ask the lady, she's the one who started all this with her assertions
    The lady does not hit the reply button... You do Although i do find your response quite telling!
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  4. #14
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    Re: Wave Of Debt Payments Facing Govt

    ask the lady

    she's the person whose assertions started all this---service on the debt is soon to approach a tril

    perhaps, she never saw your pictures
    Last edited by The Prof; 11-23-09 at 04:12 PM.

  5. #15
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    Re: Wave Of Debt Payments Facing Govt

    Quote Originally Posted by The Prof View Post
    ask the lady

    she's the person whose assertions started all this---service on the debt is soon to approach a tril

    perhaps, she never saw your pictures
    With the national debt now topping $12 trillion, the White House estimates that the government’s tab for servicing the debt will exceed $700 billion a year in 2019, up from $202 billion this year, even if annual budget deficits shrink drastically. Other forecasters say the figure could be much higher.
    I'd shy away from static analysis, it will only get you into trouble. Unless of course the rate of growth = 0 in the next decade.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  6. #16
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    Re: Wave Of Debt Payments Facing Govt

    you're disputing the president's own estimate as static

    puhleez

    take it up with him and the times

    not me

    frankly, friend, you're boring the hell outta me

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