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Originally Posted by NCN
I know one thing. You don't borrow money to pay for things you don't absolutely have to have. And two, you don't borrow money that will bankrupt you. Yes, I know more than Obama does.
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If we don't borrow this money and stimulate our economy quickly then we will be bankrupt and that is guaranteed. There is no guarantee about the effect of the stimulus other than it will begin to turn things around. The truth is most economist believe that we are not spending enough.
Quote:
Originally Posted by roberta
How selfish we have become! No thought for tomorrow! Sacrafice our kids, ect. What is the Right Way, anymore? There has got to be a better way, than the path we are blindly choosing to follow.
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We are thinking about tomorrow. The ones that don't care about tomorrow are the ones calling for their tax-cut when there are massive debts to pay off. Talk about being irresponsible cut my taxes and put our debt on the next generation.
Quote:
Originally Posted by malamute
Yes, that's the only thing more massive debt will do. Soon we will reach the point that we can't pay even the interest on our debt and at some point the breaking point is reached, as a nation we will quickly collapse into bankruptcy.
At this point I don't even think we'll leave the future generations debt. We're already talking about the third trillion dollars of new Obama debt and Obama has only been in office a month.
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If we are going bankrupt blaming Obama is being removed from reality. Remember that Reagan and the two Bushs are almost completely responsible for our national debt. The last fiscally responsible president we had was Clinton and Kennedy before that. The republicans have no credibility when it comes to fiscal responsibility or economics.
Quote:
Originally Posted by texdav
That is why most are not spending .They know that washington does care about the individual really People are voting with their spending just as the banks are holding on to cash just the markets are.That is the real vote on the stimulus working.
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You make no sense.
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