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MrRodgers -> RE: Testing the Rule of Law in the South China Sea (7/18/2016 6:30:55 AM)
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quote:
ORIGINAL: Termyn8or
Debt is down because they just refuse to loan more.
What, you think one of the most liberal regimes in this country WILLINGLY reduced the deficit ?
Oh wait...
T^T
Come on man, you're smarter than that. Borrowing is way down on the federal level which can and has borrowed all it wants and the US borrowing is approx. 1/3 what it was under the last Bush and early Obama fiscal nightmares....handed to him BTW.
We woke up and found that while the world did turn to shit for the bottom 2/3's, it was temporary. The smell is gone and the shit hole...still accepting.
Can this go on forever ? No, of course not and as I have also been writing, not us but the young of today had better stop electing the plutocrats or they will suffer the economic crash but more likely mid-century.
Oh and as for one of the most 'liberal' regimes, you too are admonished to inform me when the so-called 'conservative' regimes did and are now or at anytime actually did limit govt. and limited borrowing.
If states are the continuing laboratories of democracy, then look to Calif. (raised taxes on the rich and a growing econ. with 4% unemp. $26 billion deficit to an $11 billion surplus) and compare to say Kansas an other repub state govts. that lowered taxes and tell me how that worked out. Jindal gov. of Louis. gave more million$ in 'Hollywood' subsidies than it did to colleges or would have cost for Medicaid expansion.
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