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Repub nominee watch - Hail to the Mitt
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Mannyisthebest
Forum General
Joined: Wed May 10, 2006 3:53 pm Posts: 8636 Location: Toronto, Canada
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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.
_________________The Dark Prince
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Thu Apr 05, 2012 7:02 pm |
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DP07
The Thirteenth Floor
Joined: Tue Oct 12, 2004 2:26 am Posts: 14923 Location: Everywhere
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Re: Repub nominee watch - Hail to the Mitt
Romney should get at least 50 more delegates than he needs. Probably 100+ more.
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Fri Apr 06, 2012 1:38 am |
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Darth Indiana Bond
007
Joined: Wed Jul 20, 2005 11:43 pm Posts: 11346 Location: Wouldn't you like to know
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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.
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Tue Apr 10, 2012 4:00 pm |
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Mannyisthebest
Forum General
Joined: Wed May 10, 2006 3:53 pm Posts: 8636 Location: Toronto, Canada
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Re: Repub nominee watch - Hail to the Mitt
As I said govt has limits like normal people (of course not the same limits)
_________________The Dark Prince
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Tue Apr 10, 2012 6:53 pm |
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nghtvsn
Extraordinary
Joined: Fri Mar 11, 2005 7:13 pm Posts: 11015 Location: Warren Theatre Oklahoma
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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.
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Wed Apr 11, 2012 9:40 am |
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