National debt hits 9 Trillion.

well with the dollar tanking faster then Bush's approval ratings 9T will be nothing soon.
 
Well we all know the answer, let's elect people to start a giant new social welfare program like universal healthcare. Medicaid and Medicare together aren't enough, they only cost a tiny $650 billion a year, we need universal public healthcare to cover all and go well over $1.5 trillion a year and get that debt into the bankruptcy zone.
 
uscitizen said:
Yeah all the republican controlled congress and Administration did such a fine job...
Click to expand...
They didn't pass universal healthcare did they? There are many Conservatives who did do a fine job, nearly all of them Republicans, but there was only ever a Republican majority and not a Conservative majority.
 
TheDanold said:
They didn't pass universal healthcare did they? There are many Conservatives who did do a fine job, nearly all of them Republicans, but there was only ever a Republican majority and not a Conservative majority.
Click to expand...

No they did not but they spent enough to cover it a couple of times over....
 
Fiscally "conservative" Repubs are as likely to take power as peace/civil rights Dems. So long as people continue to vote against rather than for candidates, both are pipe dreams.
 
This is the reason I won't vote for any major candidate that doesn't promote a Balanced Budget Amendment. I will not be party to continued efforts at bankrupting our nation.
 
Does anyone else see interest rates zooming in the near future ? Further depressing the auto and housing industry....
 
uscitizen said:
Does anyone else see interest rates zooming in the near future ? Further depressing the auto and housing industry....
Click to expand...
It is the only way to raise the value of the dollar though. The housing market will be depressed not because of interest rates, it will be depressed because too many people got loans that they could not afford, or were "sold" loans that they could not afford depending on whom you want to blame.
 
Damocles said:
It is the only way to raise the value of the dollar though. The housing market will be depressed not because of interest rates, it will be depressed because too many people got loans that they could not afford, or were "sold" loans that they could not afford depending on whom you want to blame.
Click to expand...

but the increased interest rates will keep the housing market depressed longer and possibly make it worse.
I don't think even Dano would say that raising interest rates will help the housing market.
 
You must log in or register to reply here.
Back
Top