The USA is broke

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Belle
Posts: 5091
Joined: Tue Mar 17, 2015 10:45 am

The USA is broke

Post by Belle » Sun Nov 28, 2021 5:22 pm

These two esteemed economists are going to tell you why, and they're going to tell you that your government is lying to you about this!! The Left will always herd you towards the cliff: from 37:08 here.

https://www.youtube.com/watch?v=ovzcwDkxFM8&t=2228s

Hey, I've got a great idea; why not invite tens of thousands of migrants into your country!! That's a way to fix 'eye-watering' debt!! What in the world could possibly go wrong???

Still haven't figured out yet why you got Trump?

maestrob
Posts: 18904
Joined: Tue Sep 16, 2008 11:30 am

Re: The USA is broke

Post by maestrob » Mon Nov 29, 2021 7:35 am

Utter bullpucky, Belle!

At the end of WWII, Great Britain was in far deeper debt than we are now. I would say that Queen Elizabeth II has reigned over a prosperous country, wouldn't you?

China defaulted on its debt when the Communist Party took over in 1949: just look at them now!

Japan's debt/GDP ratio is now 200% and they are going along quite nicely.

I really don't know why I bother with your trolling here, Belle, but you fear-mongers on the Right simply have no idea of history, do you?

Tickle my funny bone, you do.

Perhaps some wider reading would be in order for you, as you are so fond of saying. :mrgreen: :roll:

diegobueno
Winds Specialist
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Re: The USA is broke

Post by diegobueno » Mon Nov 29, 2021 9:04 am

Actually, it's the Republicans' habit of giving massive tax cuts to the rich that drives up the deficit. Democratic administrations always have the task of cleaning up the economic messes made by Republican administrations. The GOP strategy is to make economic conditions so miserable for ordinary citizens as to be just as bad as the 3rd world countries the immigrants are coming from. That's how they plan to stop all those brown people from crossing our borders.

Sorry, Belle, but you're dead wrong as usual.
Black lives matter.

maestrob
Posts: 18904
Joined: Tue Sep 16, 2008 11:30 am

Re: The USA is broke

Post by maestrob » Mon Nov 29, 2021 10:29 am

diegobueno wrote:
Mon Nov 29, 2021 9:04 am
Actually, it's the Republicans' habit of giving massive tax cuts to the rich that drives up the deficit. Democratic administrations always have the task of cleaning up the economic messes made by Republican administrations. The GOP strategy is to make economic conditions so miserable for ordinary citizens as to be just as bad as the 3rd world countries the immigrants are coming from. That's how they plan to stop all those brown people from crossing our borders.

Sorry, Belle, but you're dead wrong as usual.
Quite right, Mark. We were very prosperous during the 1950's and 1960's as a country when tax rates were nearly triple what they are now on high earners. Our famed highway system was built then, for instance. My grandfather was a prosperous Philadelphia lawyer and I well remember his complaints at the Christmas table!

Of course his income as a partner in a law firm allowed him to live very well regardless, making him and his son both presidents of the largest club there, but who's counting the small change?

Rach3
Posts: 9170
Joined: Tue Apr 03, 2018 9:17 am

Re: The USA is broke

Post by Rach3 » Mon Nov 29, 2021 7:15 pm

maestrob wrote:
Mon Nov 29, 2021 7:35 am
I really don't know why I bother with your trolling here, Belle, ...
Life, after all , is short.

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