We'll be just fine.
The NASDAQ is up. The Dow, while not anywhere near where it was this time last year, is back to where it was in September 2008. The nation's unemployment rate is holding at or just below 10%. The banks are lending money albeit with more stringet lending conditions. The housing market was up 10% for July. I'm not saying everything is rosy; we still have a long way to go toward real economic recovery, but things are looking better than they did 9-months ago. It'll be slow-going, but I'm confident this country will be able to significantly pay-down its debts over the next 10-15 yrs. (Of course, they could reduce the deficit sooner with a spending freeze.)
"You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)
They dont need our money they now have KFC.
KFC China's recipe for success
They have violent riots about every month in France. Imagine if that started occurring in the US?
Saying we'll default is skipping a few steps. What is plausible, although also very unlikely, is that our credit rating would get downgraded. We'd have warnings well in advance, though, and I can't see the government wallowing in inaction should that happen
I'm not a conservative and I think otherwise. Basic math and the history of government being unable to live within its means tells you that you cannot add 40 million people onto the public dole and spend less money without massive cutbacks to those already receiving medical care through insurance or Medicare. It's an asinine assumption and I am not sure why the supporters of this somehow think it's possible.I will say this, if a public option isn't put into play, that might not actually be true. Based on the fact that thousands are losing their health care and we are having to pay for said services through emergency rooms which are astronomically expensive, we will be running up health care costs that would probably be able to pay all the industrialized world's health care costs in a decade's time. A public option actually saves us money in the long run and I'm not sure why the conservatives think otherwise.
Anyway, aside from health care I don't really think we need any other major expansions of the government for a while. I don't see any fundamental reason why we couldn't have a balanced budget by the end of this decade, depending on the economy.
Last edited by Kandahar; 08-31-09 at 09:54 PM.
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I can't. This is important.
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