| User | vohomegirl | | Topic | America bankrupt? | | Message | With inflation and gas prices soaring, US government outstanding debt at 7.5 trillion (mainly due to war in Iraq) topped off with a deteriorating dollar, not to mention a crumbling real estate market and people up to their eyeballs in credit card debt, is America headed toward bankrupcy? |
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| User | Blue Monk | 2007-11-20 | | | Subject | untitled | | Message | http://zfacts.com/p/318.html
A proper perspective on the national debt is shown by the graph on the above page which shows National Debt as % of GDP.
It seems that the colors used carry over directly from the maps of the red/blue states where blue is Democrats and red is Republicans.
Odd, isn’t it? Perhaps we do need a Democrat to add some blue to the graph. |
| User | joeyalphabet | 2007-11-20 | | | Subject | untitled | | Message | another severe downturn is inevitible, whether it comes tomorrow or in another 20-30 yrs. it’s the cyclic nature of capitalism. the world’s ecomony can’t sustain growth forever, and something will happen to panic investors, whether a political or economic crisis (like the recent sub-prime fiasco).
how long can the economy sustain the trillions in debt we’ve run up over the last 40 yrs? certainly not forever. |
| User | Blue Monk | 2007-11-15 | | | Subject | untitled | | Message | No, really! |
| User | Blue Monk | 2007-11-13 | | | Subject | untitled | | Message | I’m getting me an oil well! |
| User | mae | 2007-11-13 | | | Subject | untitled | | Message | With inflation and gas prices soaring,
How do you figure the inflation rate is soaring? For September, 2007, the inflation rate was 2.76% (InflationData.com). It has been higher than that in recent years. If you think that under 3% is soaring, how do you explain the inflation rate we had in the 1980’s?
We are not headed for another Great Depression, at least not yet. Please do your research before you make such sweeping statements. It’s hard to have a decent conversation when the original premise is factually flawed. mae |
| User | Blue Monk | 2007-11-13 | | | Subject | untitled | | Message | C. - everybody’s doing it. |
| User | Blue Monk | 2007-11-12 | | | Subject | untitled | | Message | Even Economics 101 would tend to disagree with any of those statements. |
| User | joeyalphabet | 2007-11-12 | | | Subject | untitled | | Message | Prosperity never lasts in a capitalist economy. Ths US has had many economic collapses over the past 2 centuries. Here comes another. This one will rival the Great Depression, knock the US out of contention as a world power and cement China’s (and maybe India). |
| User | Blue Monk | 2007-11-11 | | | Subject | untitled | | Message | No, we’re just headed for the election of a Democrat as our next president. With all of this crap going on, who in their right mind could vote for another Republican any time soon?
Our biggest worry is that it will make no difference who’s in charge for quite a while because you can’t turn a ship (or a ship of state) around on a dime. Just ask the Titanic!
Fortunately, the biggest investors in the USA are the foreigners who must continue to support their investments, whether they’re Arab, Chinese, Japanese, Russian or British (not necessarily in that order). Did you note how many "poor" Chinese in the USA are very recently making generous contributions to the Clinton campaign? I guess the party leaders figured out after last time that the Monks, Generals and all that cash was a little too obvious. |
| User | DaGrimReaperess | 2007-11-11 | | | Subject | untitled | | Message | yep. it is. then well be seeing another great depression. |
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