Double dip? More deflation first?

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Originally Posted by Nbadan

the markets are concerned about the debt, but they would be much less concerned if the U.S. had a unemployment rate at about 5%, and a growing economy generating more than $3+ trillion/year in taxes...

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Just curious, how long do you think it will take us to get back to 5% unemployment?

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Originally Posted by Nbadan

It's not like tax money just sits in Washington, even the money that is wasted is still spent, that is generating income and wealth...it's much more likely that big business ships its foreign income to banks in the Caribbean to avoid U.S. taxes, and guess what these foreign banks do with their money? Lend it to the U.S. treasury...

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If you really believed this, then you'd be praising Bush for Iraq and his deficits. Who cares if it was a waste? It was still money being spent generating income and wealth. Right?

At least a Decade, but it depends on what you believe the true number of jobs lost during the Bush recession really are...the recession was severe but also very regional, for instance in Texas the worst effect was slow to no home appreciation, and lose of available credit...most people who wanted a job could find one..

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Originally Posted by coyotes_geek

If you really believed this, then you'd be praising Bush for Iraq and his deficits. Who cares if it was a waste? It was still money being spent generating income and wealth. Right?

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I just question whether all the blood shed and death was worth it, remember we'll be paying for those 20K disabled soldiers for the rest of our lives, and that's on top of the trillions we've spent on weapons, and military hardware...

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Originally Posted by Nbadan

I just question whether all the blood shed and death was worth it, remember we'll be paying for those 20K disabled soldiers for the rest of our lives, and that's on top of the trillions we've spent on weapons, and military hardware...

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Just think of all the tax revenue generated from the trillions spent on weapons and military hardware. Certainly we're coming out ahead.

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Originally Posted by coyotes_geek

Just think of all the tax revenue generated from the trillions spent on weapons and military hardware. Certainly we're coming out ahead.

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Good point, but seriously, those weapons destroy wealth and create new obligations....

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Originally Posted by Nbadan

Good point, but seriously, those weapons destroy wealth and create new obligations....

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Nothing that another loan to ourselves can't fix.............

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Originally Posted by coyotes_geek

Nothing that another loan to ourselves can't fix.............

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Now you got it!

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Originally Posted by Nbadan

...so it's money we own ourselves, future obligations, and we're earning interest on it...

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Are you sure about that, or is it interest free?

Funny how all the profits the Postal Service taken by congress isn't being paid back when they need it. Instead, they complain about the Postal Service losing money!