
DO YOU BELIEVE THAT OUR NATIONAL DEBT IS A THREAT TO OUR NATIONAL SECURITY?
Drue-AFCL
2012/04/12 23:49:21
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Top Opinion
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Brian Tristan MacQuillan 2012/04/13 00:07:13YES+9Once our national debt passed our GDP, earlier this year, that is when the smoke detectors stopped blaring, telling us there is a fire, because they burned.






















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We are not even close to reaching a national debt such as they have in Europe. Japan is running a 220% debt to GDP and doing great.
The USA's paranoia over 100% debt to GDP is pretty nearly laughable and a bit embarrassing...that a large segment of the population bought into the Tea Party concerns on the debt.
The reality is...president Truman had a large 120% national debt to GDP in the 1950's. We had two great decades after. Japan is proving that fears of debt are mostly perceptions. As an economy grows...that debt gets cheaper to pay off. And in most instances...the debt floats at around 50%...which is where the USA performs best...if you follow history. Carrying a little debt seems to be a sign of a healthy economy.
I guess that the reduction in the credit rating was a sign of a healthy economy as well,, eh??
I know it is very hard for students of trickle down economics to understand, but 100% debt to GDP is NOT as serious as it sounds. Austerity and political contractive policies are the problem. The USA on the world stage is in much better shape than the others...and our allies who also did not turn to towards austerity are also doing much better.
I remember early on in Obama's Presidency when went to that Summit Meeting and demanded that EUROPE follow HIS lead and they laughed him off the stage.. THEY didn't want to HEAR it..
BEEN there,, DONE that... DIDN'T work..
Europe will recover much more slowly than the United States. Our English speaking allies also got beat up...but are doing better. Austerity hurts. Whatever we are doing in the US is working better here in America.
We ALL know that Obama was warned,, NOT the GOP,, OBAMA,, that if he didn't REVERSE HIS course of uncontrolled Borrowing and spending that there'd be that downgrade.. THEY were saying EXCATLY what the GOP anfd the TEA Party was saying..
"CUT Spending and DO something about LOWERING the debt,, NOT raising the debt ceiling..""
HE didn't and we got downgraded and NOTHING you left wingers can do can change that.. NOTHING...
Well...anyway...the GOP will refuse to acknowledge it takes two cats to have a cat fight...but I do have an article that meets halfway.
http://m.guardian.co.uk/world...
http://www.thedailybeast.com/...
Why is it that you guys twist EVERYTHING to suit YOUR needs.. The COngress includes the DEMOCRAT Senate as well as the Republican House and it took BOTH houses to NOT Co-operate..
I would gladly look for more...but it appears that newspaper knows more about American politics than both of us.
Those that downgraded the Credit Rating WARNED Obama that we would LOSE our credit rating if we didn't REDUCE the Debt through the reduction of Spending.. INCREASING Taxes wasn't going to DO it..
The Democrats on the so called Committee ended up doing what Democrats ALWAYS do every time they claim to reduce spending.. They NEVER cut spending..NEVER... They cut the amount of INCREASES in spending and CALL it a spending cut.. IF they had a 25% increase already planned,, they cut it down to a 15% INCREASE in spending and call it a cut..
THIS is the DEAL that the Republicans walk away from because it called for incresed taxes but NO actual spending cuts..Meanwhile,,
Obama went on to INCREASE the spending AND the National Debt with another ( one of THREE so far ) trillion dollar Deficit budget and the DEMOCRATS in the Senate went along with it..
The Tea Party did and DOES nothing.. THEY are JUST a movement.. They NO MORE have anything to do with what goes on in Government then any other Citizen does..
Ask North Korea.