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help me understand economics

Discussion in 'Politics, Elections & Legislation' started by Leo, Aug 3, 2011.

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  1. Leo

    Leo Well-Known Member

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    I only had one semester of post secondary economics, so help me understand this. During the last administration, we had one trillion dollars of debt that was crippling the economy, and even barack hussein obama spoke strongly against it. Now in less than three years, we have 13 trilion dollars in debt, and we cannot even service the interest payments. How is borrowing another 2 trillion that we cannot afford to repay, the solution? I must have missed the class where this was explained. It must be sound finances, barry osama thinks it is good.
     
  2. Garry

    Garry Active Member

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    See the link above.

    In my opinion, this video should be mandatory for ages 12-100.
     
  3. Leo

    Leo Well-Known Member

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    Pretty interesting on some points, but even Ray Charles can see that there is NOTHING in out budget woes that could even remotely count as long term investment.
     
  4. RickN

    RickN Well-Known Member

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    Minnysoda
  5. GW22

    GW22 Active Member

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    Thanks, Garry. That is an excellent video, and it goes right to the point rather than any of the childish partisan bickering.

    You're right -- everyone should watch it.

    -Gary
     
  6. reddottm1

    reddottm1 Member

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    IF YOU MAX YOUR CREDIT CARD, THEN THE CREDIT CARD UPS YOUR CREDIT LIMIT, THAT IS WHATS GOING ON WITH USA. HOW STUPID DOES OUR GOV. THINK WE ARE?
     
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