Good point Tenderman. The left does seem to act like they know nothing about economics, although both sides spend like drunken sailors. People don't seem to realize how broke the US is right now, here's some simple facts: First, we need to pay $16 TRILLION to have zero dollars in the bank. And the government still wants to raise the debt limit and borrow more money? The interest on that $16 TRILLION is about $355 BILLION. We're going to spend $355 BILLION and have absolutely nothing to show for it and after making that giant payment we still owe $16 TRILLION. When interest rates go up that $355 BILLION interest payment is going to look like chump change and will usher in a doomsday scenario of financial meltdown because our politicians just refuse to address the real problem which is spending more than you take in. You can't run your house like that, you can't run a business like that, and you can't run a government like that but they sure keep trying.
This didn't happen overnight, it's not one persons' fault, it's what happens when all the politicians spend twenty years kicking the can down the road. And when doomsday comes, guess who'll be in the best position to ride it out? The same politicians who made it all happen!
This didn't happen overnight, it's not one persons' fault, it's what happens when all the politicians spend twenty years kicking the can down the road. And when doomsday comes, guess who'll be in the best position to ride it out? The same politicians who made it all happen!