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Cronkite

(158 posts)

6. And how it that working out for us?

Reply to quaker bill (Reply #4)

Thu May 31, 2012, 06:49 PM

May 2012

Since Reagan total overall debt in the economy has risen by an average of 7% per year while GDP only grew at 4%, Exponents say this isn't sustainable.

Oh, and monetizing debt and inflation is all fine and dandy but it's rough on the middle class if wages are declining (have been for the past decade).

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Highlight:

Romney Admits Budget Cuts Would Throw Economy Into ‘Recession Or Depression’ [View all] SunsetDreams May 2012 OP

Spending cuts or tax increases will do it. (we're pretty much screwed) Cronkite May 2012 #1

How about tax increases with an increase in spending? drm604 May 2012 #2

That does nothing to address the 10% of GDP we are borrowing & spending. Cronkite May 2012 #3

A common misconception quaker bill May 2012 #4

I was going to reply Prophet 451 May 2012 #5

And how it that working out for us? Cronkite May 2012 #6

It is not sustainable forever. True. cthulu2016 May 2012 #7

The Federal government doesn't need to borrow.. girl gone mad May 2012 #9

Recent Republican Presidents have governed the economy as Keynesians... girl gone mad May 2012 #8