Deficit Down by 30%

[najeena]

Such fiscal irresponsibility is so disheartening. This administration give the word 'conservative' a spin that must make true conservatives blanch. There is nothing "marked by moderation or caution" about these guys, nothing.

 

[STING2]

Provided the United States economy continues to grow, and immigration is loosened in order to support this economic growth, the United States will be able to avoid the Health Care and Social Security crunch caused by the retirement of the babyboom population.

US GDP is not going to stay at the current 13 trillion meaning that a forcast debt level many years in the future of 65 trillion will not be 5 times US GDP. Current US national debt has fluctuated at around 60% of US GDP for the past 20 years, much lower than debt levels in other first world countries.

Regardless of what you think about the Bush tax cut, it is too small and over too short a time to have the level of impact the proffessors claim.

 

[shart1780]

I highly doubt that anything Bush does now will destroy our economy.

It's not a matter anymore of if our country's economy is breaking even, but how fast it's growing.

 

[deep]

Provided the United States economy continues to grow, and immigration is loosened in order to support this economic growth, .

sure, there is so much support for losening immigration

it is all we hear about

 

[STING2]

sure, there is so much support for losening immigration

it is all we hear about

As unemployment continues to fall, and the economy is faced with labor shortages like it had in 1999 and 2000, much of the anti-immigration rhetoric will subside.

 

[Irvine511]

Am I mistaken, or does the actual debt of something like 290 billions directly reflect the cost of the Iraq war?

Does that mean the country could be debt-free, if it wasn´t for that dirty ass Saddam? It´s his fault. Just because you wanted to get rid of some WMDs.

Boo-fucking-hoo.

no, the debt does not include spending for Iraq and Afghanistan. also, it fails to include the IOUs the government has for the social security surpluses they have been borrowing against.

 

[shart1780]

Loosening immigratrion policies? No thank you.