I thought of not putting this here because I really don't think of it as a political issue. Still, is anyone worried about the national debt? I just read that [color:blue]The federal government, running record budget deficits over the past two years, is projecting that it will have to borrow a record $147 billion in the first three months of 2005, the Treasury Department announced Monday.</font color=blue> That's a lot of money. Among other things, I'm wondering at what point interest rates are going to have to go up, both because the more money that's borrowed the more expensive the money gets, and because at some point we're going to have to give foreigners an incentive to make their money available to the US market. It's not keeping me up at night quite yet, but I might get there pretty soon, regardless of who gets elected <br><br>
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Loc: New Hampshire
I'm not to concerned about the debt. What's more important is government spending.<br><br>With the tax cuts more money stays in the hands of public. Raising taxes reduces the amount of money the public has and the government spends it instead. I feel more confident that a capitalist economy is going to grow faster than a government spending economy (heck just ask France and Germany - their government spent their economy into stagnation).<br><br>Once the economy gets really going again - taxes can be raised (and will with Bush or Kerry in office) and the debt will be paid off again.<br><br>In the meantime, government spending will increase the debt and stagnate the economy.<br><br>This will play out in the next four years no matter who gets elected.<br><br>[color:blue]All your sock puppets are belong to us</font color=blue>
<blockquote><font size=1>In reply to:</font><hr><p>than a government spending economy (heck just ask France and Germany - their government spent their economy into stagnation).<br><p><hr></blockquote><p>... and yet, neither is a horrible place to live. What constitutes a stagnant economy? With France and Germany as examples, I don't exactly see the "fear factor" here. Just curious. <br><br>
Loc: New Hampshire
"What constitutes a stagnant economy? With France and Germany as examples, I don't exactly see the "fear factor" here."<br><br>for one France and Germany have an unemployment rate of 9.9% instead of 5.4% in the US. The average worker in the US is about 30% more productive than either place. With the worry of outsourcing you are better off being a US worker than one in France or Germany.<br><br><br><br>[color:blue]All your sock puppets are belong to us</font color=blue>
You're right yoyo, it should be the biggest concern. Eventually even the most robust next upturn economy is going to go nowhere because of all the paper this country has kited. How can we get away with it?<br><br>We have a big mortgage. But the head of the house, instead of sending a few more bucks to pay the mortgage takes out yet another loan an makes the mortgage larger. That is what we have done except for the last few years under Clinton. Right now we are ballooning the payments for our children that they will have to pay 40% of their income to taxes to just pay off our debt. Forget about any taxes left over for new roads and a few other services. <br><br>That we have a President who is cutting taxes while the debt increases just boggles the mind. You either do not have kids or you are rich enough not to care. Anyone else who votes for him that does not fit those two categories are just plain idiots.<br><br>If we could explain to these idiots the difference between a debt and a deficit we would get somewhere but somebody has to go back to school.<br><br><br><br><br><br><br>red sox otter pops for sale
Well, speaking as someone that's living in Oregon with a higher unemployment rate than the rest of the country (and being unemployed to boot)... .<br><br>I do have a second interview at another place on Friday. <br><br>
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