Posted on 03/19/2006 5:49:56 AM PST by B4Ranch
Our GDP is going to be over $13 trillion this year. Are we in danger of defaulting?
It's going to be a real bitch when the debt collectors come around!
LOL!! Let me know when we stop paying the interest we owe.
Yes, looks like we are doing great by the numbers
You and I have the same concerns. I am an old man, have plenty of money and all the other things an old man needs but I see the kids are in trouble. Those kids are our future!
You're right, the default rate is much lower in China. They must have a better economy than us.
No, but they damn well may have a better future!
Free Traders want the market to set the price, you want the government to protect the price and wages of the downtrodden worker.
Tell me again, who is the socialist out of the two?
BFD "Has anyone mentioned that we are $9 TRILLION IN THE HOLE?" How much is your mortgage? Is it 3 times your annual income? And do you haave a huge base of assets that collateralize it such as half of the land of the Western states? Is anyone losing sleep over your home mortage? You or your banker. Probably not.
So also, the national debt is no big deal.
He's done it the right way, however, he is not struggling at the moment. He works between himself, and two other guys tackling many remodeling jobs. There is not much that the three of them couldn't do between them.
(the others, also independent, but they are insured and bonded as well.)
One thing he mentioned to me several times, that even many of the "high end" jobs he does (and that is most of his clientele), he has to "work" with his bid (there's another non-PC term here I won't mention). When these "certain types" bicker and dicker with supid things, like not wanting to add in a water softener, when they insist on a gold plated shower head, it gets ridiculous.
He's not "cheap" but he takes pride in his work. But some folks, he loses bids to because they want "what's less costly". But that, in the end, shows too. And it ends up costing them much more in the long run.
You live in the wrong state. Here taxes have been cut, the state government is in surplus and the roads are fixed. That is true in all but six badly run states and is one result of federal tax cuts under Bush.
You didn't do so well in math class, did you? Here is what JasonC said:
Six years ago, US work and production was adding $9.52 trillion a year to our resources, annual rate. In the last year, the rate was $12.76 trillion a year, a third faster,
So why does the GDP deflator since 1990 turn the gain over the last 6 years to zero?
LOL! Americans have nearly $6 trillion in the bank.
"If we were fine then our bills would be paid and we'd have cash in the bank. Two things we don't have now."
You have not been reading the data in this thread, have you. We are worth more than ever (even after inflation) and we are earning more than ever (even after inflation).
My kids are not in trouble. Both college grads in their early thirties, they have a much higher standard of living than I did at their age, and I was among the fortunate ivy-educated elite. They earn high salaries, save, pay cash, live in luxury, and have fat 401K accounts.
I am not in favor of walled communities that have armed guards at the gates. Electricty and clean water just for the rich.
Do you have any idea why states are going along with CCW permits these days? Do you think it has anything to do with the fact that our society is changing and more street cops would be needed to bring crime levels back down? The other trick is let the citizens do the dirty police work. Let the citizens who can't afford the walled communities protect their own families with their own firearms.
"Free Traders want the market to set the price, you want the government to protect the price and wages of the downtrodden worker.
Tell me again, who is the socialist out of the two?"
>>>>>>>>>>>>>>>>>>>>>>................
So smug and so ignorant all at once...
Production in countries such as CHINA or INDIA are socialist/communist economies..they have income levels 1/10 or less those in USA.
To compete the only answer is to lower wages and living standards in USA.
A tariff if used correctly would reduce the advantages of moving our jobs (which were productive and profitable in this economy to gain the extra profits of low cost labor)
to these countries.
Our economy can provide much higher living standards and still grow your choice is much lower living standards and
for that you are deluded.
Sunday must be travel-back-in-time-day. Here is the thread from a year ago. (Always interesting to compare the comments then to the comments now, as well as see who's been banned).
Freer trading nations do better than protectionist nations. That is not a canard.
..look at growth rates of economies in China and India..then look at the 25% tariffs they have..
Yes, they have faster growth rates. So that means their economies are better than ours? Larger than ours?
US market as I have posted you before but you ignore is the worlds largest..
How can our market be the largest with our low tariffs? With their higher tariffs?
but what you Free traders do not understand is that that is the road down which you are going,,more socialism as the gov provides more and more support to the growing poor and middle class poor here.
That's funny. I want smaller government and lower taxes. You want larger government and higher taxes but my path leads to socialism?
The actual result was our current 4.8% unemployment figure, 5% increase in the average wage and record setting increase in the stock market.
Yep, things really went to crap as they predicted, didn't they? (Huh?) (Please don't make us look like idiots!)
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