Meltdown 101: Budget gap huge; Obama's economic policies are working wonders (revolution, socialism)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
“Now you can’t blame that on Bush,” Greg said, noting that using the Obama administration’s projections the budget deficit for the next ten years is $1 trillion per year. Public debt as a percentage of gross domestic product would increase from 40 percent up to 80 percent.
He added that he thought growing government at that rate would have a “very debilitating effect” on the overall economy and the ability of Americans to get health care in the future.
Who can disagree with the statement that this will "have a very debilitating effect"?
Is it 'hope and change' that will help carry (and pay off ) that debt load?
Senator Gregg (R-NH) has failed to appreciate anything not directly presented to him by the RNC. He has misrepresented half of New Hampshire's voters by becoming another party hack. I guess he is retiring before he gets caught with his family's hands in the cookie jar.
If the USA becomes a "banana republic" Gregg will be on the wealthy end of the banana so his opposition to the administration's policies is understandable. This is just another case of I, ME and MINE, the mantra of the Republican Party.
The libs fail to show otherwise, in that the rising debt and spending on social programs will be the death of the republic. Every president since 1969 has contributed to the accumulated debt, yet the dems are just pre-occupied with blaming Bush, rather than facing the reality of spending cuts across the board. Bush was a liberal- that is why he spent money like there was no tommorrow. Unless spending is contained, there will be no tommorrow for the US.
"Hope and Change" has become more laughable than "Now, More Than Ever". Obama's "message" was just another campaign slogan to gain political power. His master, George Soros, is pulling the strings on the puppet and unfortunately for us, Soros is far from friendly toward the US.
Here is news for you, if you bothered to observe the steadily increasing GINI index over the past couple decades, you would have already realized we were headed for "banana republic" conditions.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Gregg: U.S. could be on path to a 'banana republic' situation; Obama's policies are working wonders
