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Americans Favor GOP on Budget: Poll

FWIW:

Service of the federal debt as a percentage of GDP in 1990 was 4.6%. Service of the federal debt as a percentage of GDP in 2010 (20 years later) is 2.7%.

This is the historic low for the U.S.

Is this supposed to mean something. The Fed is buying up Fed debt at a record rate and has kept interest rates at historic lows.

Another way to look at it is that our deficit is running about $1.6 trillion, if interest rates were close to normal the deficit would be about $2 trillion.
 
the president doesn't have a plan

and the president will never have a plan

he can never write his rhetoric into ITEMIZED form

which is why it is SEVEN HUNDRED DAYS since the united states senate PRINTED a budget

egregiously inexcusabile

y'know, IN TIMES LIKE THESE

if immediate action is not taken to fundamentally restructure our budget then our big 3 federal social programs will cease to exist in their present form

meanwhile, observant americans see that all barack the slasher's got is a great speech, an excellent speech

which he aint even saying THAT anymore

when's the last time he said, tax the rich, when's the last time he said, 500 billion in medicare savings?

when do you expect him to hammer that stump next?

don't hold your breath

stay up

This is one hell of a messed up Haiku.
 
FWIW:

Service of the federal debt as a percentage of GDP in 1990 was 4.6%. Service of the federal debt as a percentage of GDP in 2010 (20 years later) is 2.7%.

This is the historic low for the U.S.

excellent! so you're saying that we are actually in the best period of our history to go ahead and decide not to raise the debt ceiling :)
 
excellent! so you're saying that we are actually in the best period of our history to go ahead and decide not to raise the debt ceiling :)

Nice attempt to shove your agenda into someone else's post. He did not even remotely say that.

It is interesting that debt service is at an all time low. Fortunately, even as interest rates begin to climb, the debt service will lag this as the interest rates will climb on only the new debt as our treasury took the opportunity of low interest rates to refinance much of the debt at the low rate and lock it up to 10 - 30 years.

Not raising the debt ceiling would have the immediate consequence was forcing up interest rates on all new debt (and consequently on the economy as a whole... yes, raising interest rates is a great way to fuel growth)... so it would be a disaster.

Moreover, its a symbolic jester as it is impossible not to raise the debt ceiling. The only way not raising the debt ceiling can work is if you have a budget with an immediate surplus in place as the debt ceiling is capped... but no one has a budget that shows an immediate surplus..... All budgets, including the Ryan plan, run deficits for years, meaning the debt ceiling must be raised. Not raising the debt ceiling is akin to shooting yourself in the foot (which we certainly know Republicans love to do)...
 
actually there is no reason to suppose that delaying raising the debt ceiling would have that effect - it hasn't in the multiple times in recent history that we have done so. But i would urge you to wonder on over to the thread on this in the economics forum.
 
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