World of KJ
http://worldofkj.com/forum/

Repub nominee watch - Hail to the Mitt
http://worldofkj.com/forum/viewtopic.php?f=48&t=63889		 Page 28 of 28
Author:  Mannyisthebest [ Thu Apr 05, 2012 7:02 pm ]
Post subject:  Re: Repub nominee watch - Hail to the Mitt
OF course a govt can be in debt however the debt growth should be well below the GDP growth rate and the overall debt should be a small % of GDP.

Countries that spend to really high levels of debt (thinking it will help the economy) just end up screwing up everything in the long term.
What happens is that there a "day of reckoning"...
Severe austerity is put in place and everyone suffers.


So a modern country has to be in debt but debt can be manageable.

In many ways it is quite similar to the budget problems the average person faces.
Author:  DP07 [ Fri Apr 06, 2012 1:38 am ]
Post subject:  Re: Repub nominee watch - Hail to the Mitt
Romney should get at least 50 more delegates than he needs. Probably 100+ more.
Author:  Darth Indiana Bond [ Tue Apr 10, 2012 4:00 pm ]
Post subject:  Re: Repub nominee watch - Hail to the Mitt
Okay, so on that whole budget thing, apparently William Pitt (the second or junior, the Prime Minister in the late eighteenth century) actually did fish out Britain from a budget problems, so I guess too much debt is too much and only benefits the banks at that point.
Author:  Mannyisthebest [ Tue Apr 10, 2012 6:53 pm ]
Post subject:  Re: Repub nominee watch - Hail to the Mitt
As I said govt has limits like normal people (of course not the same limits)
Author:  nghtvsn [ Wed Apr 11, 2012 9:40 am ]
Post subject:  Re: Repub nominee watch - Hail to the Mitt
Darth Indiana Bond wrote:
Okay, so on that whole budget thing, apparently William Pitt (the second or junior, the Prime Minister in the late eighteenth century) actually did fish out Britain from a budget problems, so I guess too much debt is too much and only benefits the banks at that point.


How anyone would think otherwise would be baffling.
Page 28 of 28 All times are UTC - 5 hours [ DST ]
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
http://www.phpbb.com/