So, as I'm seeing it the only way to curb the US national debt is to cut all entitlements, end the war, and raise taxes significantly to start paying off the principle.
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Anonymous2007-02-18 9:26
The estimated population of the United States is 300,989,998
so each citizen's share of this debt is $29,048.06.
>>2
which happens to be Americas GDP per captia(close enough)
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Anonymous2007-02-18 10:46
Put it another way. $8 trillion is about 2/3 of what America as a whole produces every year. So America is currently like a middle class family of four making $40,000 yearly with $25,000 in credit card debts. In other words, takes some serious effort to pull yourself out.
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LordRiordan2007-02-18 12:04
60% of the national debt is due to socialism. Fuck your stupid commiunism and socialism... thats not what america is supposed to be about.
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Anonymous2007-02-18 12:13
>>5
what?
Bill Clinton almost got rid of the national debt
I'll agree that Keynesian got us to debt for a while, but we always got out at times of prosperity.
90% of the debt is because of the war, which costs billions of dollars a day.
the stupid fucking people on this board -_-
yeah man, 'cause the keynesian theories worked out soooooo well.
Granted they were a stepping stone for economics, but we have much more advanced models and theories today than just "lol, increase all ze government spending! durrr hurr"
>>11
qtf
Keynesian is called demand side economics.
The government gives alot of money to the people, tax cuts, handouts, etc, instead of the supply side.
gb2 to economics 101
yeah, and empirically we can see that, yes, it had some effect, but it really wasn't that effective since the countries who did try to very actively change the demand side of the economy ended up with huge deficits.