Quote:
Originally Posted by TracyCoxx
Huh?? Between this package and the bail out package as well as our usual budget overruns, we will be borrowing 2.5 trillion dollars this coming year. You can't just magically print it. Maybe that's why democrats are falling for this BS. They think Obama will just pull the money out of his ass. He'll probably lower taxes on the lower income. Maybe even mid-income. But he'll be raising taxes on the rich for sure. You know... the ol tax the people who actually make this economy work, and let the rest leech off it ploy. But everyone who needs a loan (and their children, and their children's children) will be facing tougher times ahead when interest rates go up to pay off this gargantuan debt.
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Yes the debt is very scary! However, we had four trillion in debt after WWII and managed to get over, it somehow. We also managed to get over the huge Reagen debt while Clinton was President. It seems our financial system is a gigantic Ponzi scheme, we need to keep pouring money into one end to make it work.
