So interest rates set by the government are so near zero they can't lower the interest rate in case we need that kind of fiscal stimulus. That's really fucked, because that has been the tool used in recent recessions where we've had actual strong recoveries. If they raise the interest rates, or demand for our T-Bills falls, the government all of a sudden has an $800B interest payment instead of $400B. Where's that extra $400B coming from? What's worse is we're borrowing more, hand over fist. At $1T in a $16T economy, again, we've not borrowed like that since WW II if then. Those $400B interest payments are on debt our parents left us. OK, $200B of it is, the other $200B foisted on us by Democrats. Imagine what good things could be done with that money, or even *GASP* less taxes needed (enough to cut everyone's income tax in half). You can't spin it away that the $400B isn't costing us opportunity elsewhere. It's only getting worse.
It is getting worse but the real problem with the debt is the ever expanding costs of health care, thats the only portion that is inflating a rampant rate. That needs to get under control and thats what Obamacare is trying to do, however its a pay to play model and in the long run should bring us back in check. The $400B can just be printed in dire straits. Its not the perfect system but its the one we are using. The reason why there is a demand for our currency is because its impossible for us to default as long as we have access to the printers. If we actually default for some other reason though, confidence is shaken. By instantly removing access to the printers is irresponsible and simple minded. I agree we need to move in another direction but its like a big oil tanker, we can just stop and do a 180. By the way I can spin anything in any direction I want because I use the fox news model.
As with anything the government gets involved in, the cost goes up. I guess I don't get it. I see car insurance commercials on TV where the companies are undercutting one another and offering cash back bonuses. Life insurance is guaranteed to pay out at some point, and there's no spiraling inflation in the cost of that insurance; and it pays bigger payouts than the cost of multiple most expensive surgeries. You can't make money out of thin air. They're not just printing money. They're making the rest of the money worth less (ultimately worthless even). I see the effect of that in the price of gas and at the grocery store. You probably spin that to be of some other cause.
What was the excuse the first term? The health care wasn't implemented yet; but Obama still spent more than bush did for two terms. We are in a record breaking spending frenzy right now and eventually they won't be able to tax the rich enough to cover. Next in line will be the middle class; while the poor drive their escalade and live in 3,000 sq ft homes (government paying for half the bill). I'm waiting for a president and congress to see the big picture. Democrat or republican. It really doesn't matter. What matters is this country is sliding into an economic disaster!
Yes, the US is suffering runaway inflation. Soon a loaf of bread will cost $234,349,394,502. Seriously? You think inflation is a problem right now? barfo
Is this a serious post or are you just trying to satire a stereotypical republican? I'm not an Obama apologist by any means but we did have a little bit of a recession when Obumer took over, so we spent our way out of it. Not the ideal way to do things but it sure has hell beats Austerity, which is what happened in Greece. Maybe we kicked the can down the road but at least we gave ourselves a chance. Poor have it good in this country, you should just give me all your cash so you can hop on that train! Choochoo muthafucka Democrat or Republican doesn't matter, the game is fixed against us either way. I don't think we are on the brink of disaster though.
That's "interesting", to quote Nate. But i was hoping for a website made by 5th graders, not 3rd graders. barfo
Austerity measures, like the sequester, seem to have improved the economy. Unemployment is down and GDP growth is up. http://www.huffingtonpost.com/2013/01/04/washington-deficit-obsession_n_2409978.html
Ok healthcare cost a shit load mostly because of how the insurance companies operate in relation to the hospitals. Its a big complicated situation that will benefit from transparency and a market place. It was not a "free market" before, this is an attempt to help it in that direction. The huge government cost here is medicaid and no matter what we do that will go up unless we get the overall price inflation under control. With current health care often the most expensive places are the least efficient and offer lesser care, so you dont even get what you pay for in this market. Car insurance and life insurance operate in a more stable market, Im assuming you have a rough idea how much your dented fender will cost to replace. Your also 100% right, the more money in the system the more we will see inflation. I don't think it effects us as much as some people believe though. The economy is so big and has so many variables that other factors are at work also. One huge variable is international trade, we actually benefit from devaluing our currency as a way of increasing our exports which increases work and pay in our country. Also other countries are hard at work devaluing their own currencies, its the in thing to do right now so if everyones currency is worthless then comparatively ours is worth something. Another factor at work here is advancing technology, TV's and Iphones are getting cheaper everyday.
I picked the most frequently bought commodity on your amateur site, and found its prices above hard to believe. Privatized information like that is all we'll have when you're done dismantling the government. http://data.bls.gov/cgi-bin/surveymost?ap Check "Bread, White" then click "Retrieve data." The pros say that bread prices "rose" yeastlike only in 2007 and 2008. Under Obama, bread has barely "risen."
I know Republican diversionary tactics aiming to confuse. You'll say, "That's an index of prices with an earlier base year set at 100. My site has actual prices in dollars and cents." Your distraction won't change the fact that The pros say that bread prices "rose" yeastlike only in 2007 and 2008. Under Obama, bread has barely "risen."
