United States Heading towards a Depression?

It is impossible for any nation to spend itself into wealth.

Nothing is going to get better until people recognize the cause of the difficulties (the replacement of personal responsibility with government responsibility) and make the necessary structural changes to improve the system.

The Democrats believe that the economy will just magically repair itself if they wait long enough and put the American people deeply enough into debt. That kind of thinking is ignorance and optimism locked in a deadly feedback loop.

 

So you are saying you are smarter than all those powerful, accomplished democrats put together and have solutions to all problems of your economy ??

 

All the high school dropouts are.

In todays world, you don´t need education or real military experience. You can copy & paste other loud mouths on the Internet in your blog to pretend you know what you are talking about and be a military genius by repeating what you have learned by playing war games on the xbox.

 

Nothing is impossible, banks & credit companies do this all the time without a problem. Why can't a government?

 

I think a mistake that lots of people are doing is thinking that those events occur overnight.
They are long term effects.
This recession is the consequences of the Bush administration. It began little before the end of his term but is a consequence of 8 years of mistakes.
Obama is unfortunate to be the guy coming from that hole. Spending was probably the only thing to do to get things moving, but again, it's not going to happen overnight...It's only after 2 years of term that we feel a little breeze of recovery, but it needs to be confirmed. The future will tell.
Now, with the republicans taking over again, it may slow down again though...

 

At last another person "who can think".

I gave you 1 rep point for that. If I could only give you a 100 I will.

 

The delusional Iraqi war and reducing taxes prior to the planned conflict is the issue for your statement above Spencer. You might as well add spending the nations treasury in another country with no prospects of financial reciprocity (Iraqi) is the dark hole Republicans gleefully drained the nations economy into as the prelude for the "Great Recession".

The Democrats have invested the nations Treasury at least in our own country and the financing supported by the foreign investors at rates below 4% and partially offset by Fed liquidity (printing money) has been a rare opportunity to undue the maleficent Republican policies and principals that caused the recession and when fully realized could possibly prove the most effective expenditure in Economic History.

The Republican tax reductions were not the problem - the problem was their spending like drunken sailors instead of legislating the corresponding cuts in spending. Expecting the Democrats to do the job for them was a delusional expectation at best.

 

I hope this situation will not effect the others country. It will be harmfull.

 

"Because more debt does not equal lesser debt."

When the news reports that the "deficit" is in the trillions, who is going to pay that money ? US Citizens, that is who. When a company is bankrupt, they file for bankruptcy, when the Central Bank needs money ( bankrupt ), they print up more, making the rest of the dollars in the world of lesser value. What currently gives a ( one single dollar ) dollar its value ? The value of the dollar was disconnected from the value of gold back in 1971.

 

BULL


In the first 19 months of the Obama administration, the federal debt held by the public increased by $2.5260 trillion, which is more than the cumulative total of the national debt held by the public that was amassed by all U.S. presidents from George Washington through Ronald Reagan.


Get a grip on the facts, Breeze Wood.



LINK

 

Have you adjusted it for inflation?

 

Blue Star, (once again) those moneys were spent in shoring up the economy from the fiascoes of the previous Administration.....money spent within our own Nation, not a drain hole like Iraqi.

Printing money paid the interest to the foreign debtors as well as creating liquidity that reaches more people and spreads the wealth, at the time with 0 inflation.....that window is rapidly closing and having taken advantage as the present Administration has done at rates below 4% undoubtedly saved the planet from a world wide Depression.

 

Once again, WHO is going to pay back those trillions ? ... and when ? Every dollar printed up is automatically a debt, since it must be repaid WITH INTEREST. This is a loony conversation. I am not an economist, and if I can see the train coming, why cant you... ?

 

Republicans are taking over? Last time I checked, the Republicans just won the House of Reps, not the Senate or Whitehouse. What you are saying here is that a Republican Congress is what will slow down the economy and cause a double dip recession, not the Obama White house....

So applying the logic of your quote above, we aren't really talking about Bush, so much as the party that took over congress a "little before the end of " Bush's term. What an artful argument you have made against the Democrats. Personally, I'd love to agree but its completely useless partisan crockery. Blame for this mess started a long time before the end of Bush's term with plenty of blame to go around, though I agree you'll find more Democrats on the list of the guilty than Republicans.

 

I have not more information about that. It can be happen. Currently USA economy is not in well condition.

 

What's so confusing here?

 

He wasn´t talking to you. Looking at your previous posts, it is obvious that you are a GENIUS when it comes to economy.

 

He's a she and I was asking her what was so confusing. You do know what a "confused" smiley is right?

Must be moron Monday... Run along and clean your room Julian.

 

Is it the story of your life?

 

Bailouts Postponed, But Can't Prevent the "Greatest Depression," Gerald Celente Says

"In 2011, with the bailout funds and arsenal of other schemes to prop up the economy depleted, teetering economies will collapse, currency wars will ensue, trade barriers will be erected, economic unions will splinter, and the onset of the 'Greatest Depression' (a trend we forecasted before the massive bailouts existed) will be recognized by everyone…"

http://finance.yahoo.com/tech-ticke...t-depression"-gerald-celente-says-535804.html