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Old 10-30-2006, 05:38 PM   #1
ChrisCantSkate
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yeah i agree, i usta think it was a problem but then i learned a little about economics and as you said, accounting. but even on top of that the money that "we" owe is out doing something right now, not just an idle 8 trillion dollars the government spent with no regard at all. it does need to come down, but its not a huge problem like we are sometimes lead to believe. just sounds good around november.
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Old 10-31-2006, 05:55 PM   #2
AzCivic
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Quote:
Originally Posted by ChrisCantSkate
yeah i agree, i usta think it was a problem but then i learned a little about economics and as you said, accounting. but even on top of that the money that "we" owe is out doing something right now, not just an idle 8 trillion dollars the government spent with no regard at all. it does need to come down, but its not a huge problem like we are sometimes lead to believe. just sounds good around november.

yeah, it's not like money is being spent and we have nothing to show for it. I could care less if the debt is run up if it's spent protecting our country. The debt was pretty low in the 70's and what are the 70's known for? bell bottoms and slow ass domestic v8's. :op

the ratio of debt to GDP could use some help though, i agree. However, maybe rather than trying to pay down the debt we could focus on the bottom side of the fraction and increase the size of the GDP. Or a little of both I guess.
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