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Norton
Social climber
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Apr 19, 2016 - 08:34pm PT
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Debt doesn't matter...Cheney..
and amazingly he was right, there have been no negative consequences, 18 trillion and counting just fine
and with record all time low interest rates to boot, old man Convention Wisdom wrong once again
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HighDesertDJ
Trad climber
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Apr 20, 2016 - 05:40am PT
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kattz posted One thing US doesn't need is more debt, which will be inevidable with socialist policies, once the jobs had left the US (and they will)
I, too, don't understand economics.
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raymond phule
climber
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Apr 20, 2016 - 06:04am PT
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"so they have to call it "we invite Greece and Eastern Europeans into EU"
Greece has been a EU member for 35 years.
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healyje
Trad climber
Portland, Oregon
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Apr 20, 2016 - 06:24am PT
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Their GDP must be all going into "social programs" they can't support as their external debt per capita is the highest in the world.
Debt per Capita and Debt per GDP is only two thirds of the equation - commercial [trade] balance (imports vs exports) is the the third measure and the one which tells the real story. And in that light the US sucks compared to Europe and all the external debt numbers are mainly a statement about how they finance their exports. Our external debt is supporting imports, theirs exports, so it really doesn't matter how much they borrow.
United States...-47060.00 USD Million
Euro Area..........19048.40 EUR Million
Oh, and it's way over for Bernie so you Bernie folks are going to need to hitch up your britches, do the right thing and vote for Hillary in the general so we can swing the Supreme Court to the side of sanity.
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HighDesertDJ
Trad climber
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Apr 20, 2016 - 06:30am PT
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Running a government is like running a family, ok? Debt is bad and American families don't take on debt. Neither should the government.
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Gary
Social climber
Where in the hell is Major Kong?
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Apr 20, 2016 - 06:53am PT
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One thing US doesn't need is more debt, which will be inevidable with socialist policies, once the jobs had left the US (and they will)
Dude, where have you been? The jobs have already left the building. And it wasn't the socialists moving them out.
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HermitMaster
Social climber
my abode
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Apr 20, 2016 - 06:54am PT
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The jobs have already left the building.
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crankster
Trad climber
No. Tahoe
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Apr 20, 2016 - 06:58am PT
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Ha, the President's approval rating is up 5% since the last time you posted that meme.
After months of Trump's braggadocio, more of the public is realizing he is a calm voice of reason.
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HighDesertDJ
Trad climber
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Apr 20, 2016 - 06:59am PT
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Hermit, you love using that meme, but yes, most Americans are impressed with Obama. I'm not clear that your meme is the biting critique you seem to think. It more belies the shallowness of your thought process.
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Gary
Social climber
Where in the hell is Major Kong?
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Apr 20, 2016 - 07:01am PT
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Hermitmaster wins stupid post of the day.
For over a half century, American manufacturing has dominated the globe. It turned the tide in World War ii and hastened the defeat of Nazi Germany; it subsequently helped rebuild Europe and Japan; it enabled the United States to outlast the Soviet empire in the Cold War. At the same time, it met all the material needs of the American people.
During this period, many American icons were born. Companies like General Motors, Ford, Boeing, Maytag and Levi Strauss became household names. American manufacturing became synonymous with quality and ingenuity.
On the back of this industrial output rose America’s middle class. High-paying manufacturing jobs, in turn, helped spur a robust and growing economy that depended little on foreign nations for manufactured goods and armaments.
However, manufacturing as a share of the economy has been plummeting. In 1965, manufacturing accounted for 53 percent of the economy. By 1988 it only accounted for 39 percent, and in 2004, it accounted for just 9 percent.
Considering the stupendous list of America’s manufacturing achievements and the vulnerabilities associated with foreign dependence when a nation lacks strong domestic manufacturing, it is alarming when economists are warning that the U.S. is facing the “gutting, hollowing out and closing down of American manufacturing forever” (Benson’s Economic & Market Trends, Feb. 27, 2004).
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apogee
climber
Technically expert, safe belayer, can lead if easy
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Apr 20, 2016 - 07:02am PT
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FEED NOT THE TROLL
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Reilly
Mountain climber
The Other Monrovia- CA
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Apr 20, 2016 - 07:03am PT
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Dude, where have you been? The jobs have already left the building. And it wasn't the socialists moving them out.
Wait, Bill Clinton wasn't a socialist whose support of NAFTA was a clever ploy to bring jobs
to the US? And it's pretty funny that Hillary supported Obama's Pacific trade deal initially but
has flip-flopped on it in the face of Bernie's ignorance of its benefits. OK, not funny.
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HermitMaster
Social climber
my abode
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Apr 20, 2016 - 07:23am PT
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HighDesertDJ
Trad climber
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Apr 20, 2016 - 07:25am PT
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Reilly posted And it's pretty funny that Hillary supported Obama's Pacific trade deal initially but
has flip-flopped on it in the face of Bernie's ignorance of its benefits. OK, not funny.
Funny? Or how politics works and the whole purpose of Sanders' campaign?
Hermit: Hahaha look at the Republicans pretending to value racial diversity.
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Gary
Social climber
Where in the hell is Major Kong?
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Apr 20, 2016 - 07:28am PT
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And it's pretty funny that Hillary supported Obama's Pacific trade deal initially but
has flip-flopped on it in the face of Bernie's ignorance of its benefits. OK, not funny.
From the viewpoint from your ivory tower there in Monrovia it might seem to be beneficial, but from the viewpoint of the gutted cities of the midwest the benefits are bit harder to see.
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HermitMaster
Social climber
my abode
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Apr 20, 2016 - 07:30am PT
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HDDJ,
Hahahahaha look at the democrats pretend they value racial diversity....
All the time with 2 old geriatric white people as their candidates....
LOL!!!!
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HighDesertDJ
Trad climber
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Apr 20, 2016 - 07:31am PT
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I know right? I mean Republicans have been nominating Jews and women for president since reformation!
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Norton
Social climber
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Apr 20, 2016 - 07:53am PT
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Not to mention the black Republican nominee for President
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HighDesertDJ
Trad climber
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Apr 20, 2016 - 08:09am PT
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I'm trying to find a source but I've seen reference to youth voter turnout being complete garbage as usual. It turns out you can't just shitpost on facebook and go to arenas.
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