- Jun 1, 2006
- Reaction score
- Political Leaning
This is accurate. BOTH parties make vague promises about fiscal responsibility during election season, and nobody has ever managed to actually accomplish it.You know, your debt is a massive problem, but it is not entirely the democrats fault... it's both sides fault, both sides have been in power, both sides spent rediculous amounts of money over the past 20 years and both sides deserve blame.
And before anyone starts mouthing off about the stimilus package, sometimes you gotta spend money to make money champ
Considering that all of the foreign countries combined only carry 25% of our debt (25% more of that being held by our Citizens, and the other 50% being held by the Federal Reserve), I don't think China really has that much of our money in the big picture.Link
Federal debt tops $13 trillion mark - Washington Times
I suppose the Chinese are very happy to advance this amount of money, but what happens when they realize that payback is a bitch?
I really would strongly advise you to get your peepers tested, I cannot see where any of the posters in this thread have actually directly blamed just the Democrats.I love how the Republicans in this article are pointing the finger squarely at the Democrats.
I see inflation coming soon too, but not due to the debt.We need to fix our debt ASAP. I feel some inflation coming on, followed by even more inflation and then unemployment if nothing is done to fix this.
I said article, not thread.I really would strongly advise you to get your peepers tested, I cannot see where any of the posters in this thread have actually directly blamed just the Democrats.
And $6 trillion wasn't an alarm bell? How about $8 trillion? No?... apparently $13 trillion is the magic number when the alarm bells start going off and people start "waking up"..."A $13 trillion debt is an alarm bell and a wake-up call combined, but Democrats are not even trying to pass a budget," said House Minority Leader John A. Boehner, Ohio Republican. "How out of touch can Washington Democrats get? Instead of continuing to pay lip service to this issue, President Obama should call on congressional Democrats to pass a budget that provides the fiscal discipline economists say is needed to create jobs and grow our economy."