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Replies to Msg. #718873

Msg. #

Subject

Posted by

Board

Date

59183

Re: 2012 Federal Budget
killthecat ...IMHO, Obamba is the world's greatest when it comes to p...

ribit

POPE

27 May 2012
9:17 PM

59124

Re: 2012 Federal Budget
http://www.usgovernmentspending.com/spending_chart_2002_2022USb_13s1...

DGpeddler

POPE

26 May 2012
8:05 PM

The above list shows replies to the following message:

Re: 2012 Federal Budget

By: killthecat in POPE

Sat, 26 May 12 7:17 PM

Msg. 59120 of 65535
(This msg. is a reply to 59117 by snapits)

Snappy:

Certain things are not in and of themselves "bad". Credit, investment amd borrowing make a modern economy go round - The ability to take out a mortgage to buy a home, for instance. There is a legitimate roll for the government or central bank to stimulate the economy in times of need, or even to rescue an economy in dire distress.

It's the misuse and abuse of credit, borrowing, spending, and stimulus which is the problem. We have most certainly done that.

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