Quote:
Originally Posted by slapass
That is why the EU is all over the govts in trouble to reduce the speed at which their debt is growing. If the country grows at 3% and the debt grows at 3% and it is less then 100% of GDP, you will eventually grow your way out and no one generation has to take the hit. The US has done it before and so has most of Europe.
It is math and everyone who is paying attention knows this. That is why they are doing what they are doing. If they can reduce unemployment then the drag on economy goes away and growth picks up etc.
Did we go to far? Maybe but the solution is a known issue. So that begs the question as to why the Republican party who knows this keeps bringing the economy to a halt every 18 months. Hurts our growth. They want to keep blowing up third world countries but they want the Democrats to look bad for it.
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Blah blah blah "the other party" blah blah blah.
They are BOTH growing the government in an out-of-control fashion and NEITHER is going to do anything to slow it down in any sense other than creative bookkeeping in order to make you think something is being done. Get off the "party" wagon and smell the truth. The Debt is already outpacing growth and it will not be slowed until it all falls apart. Government interference in order to "stimulate growth" in the private sector never works in the long run and always hurts growth in the short run through unseen consequences affecting the natural evolution of a free market.
The political class is too concerned with their own power and wealth to worry about what happens down the road to the rest of us... This is of course true about everyone, but in the case of the political class, they can actually use force to make you comply with their wishes. No company or individual can legally do that.
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