US health deficit numbers are in. What is your opinion about the decisions the government has had to make?
Thursday, August 20, 2009
U.S. Deficit 2009
US health deficit numbers are in. What is your opinion about the decisions the government has had to make?
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9 comments:
Perhaps this is an article to quote when arguing that the government should have stepped back and let the recession run its course. The United State's currently massive debt may be "helping" the economy, but that doesn't necessarily mean that it's helping the country as a whole. So when the next recession comes around and we're $20-something trillion in debt, are we going to expect the government to step in again? How does a country dig itself out of a financial hole that large?
However, I will say one thing for President Obama; if anyone has the ingenuity to answer the latter question, it's him.
The numbers are real numbers, and they are scary to think about in reality. I didn't know how much the United States really was in debt. That suprised me the most frmo this article. I am glad to hear things should improve in the future. Obama is only in the beginning of his term so I hope with him leading the way, we can get out of the deficit as quickly as this article proposes.
To be completely honest, the debt we are in will never be paid off. It will always get paid off a little and add up a lot. Using a stimulus package to decrease unemployment rates is obviously not working, but the past 40 to 50 years has shown that as well, stimulus packages have never worked since the idea first came about. This is only because the money our government is giving to us is not being used to by high priced items such as cars or electrical appliances, as ideally thought to be used for. Instead that money is being used to pay bills because many U.S. citizens are in their own debt, possibly even for buying high priced items with there own money to begin with.
Debt is something in which we will never come to terms with. America, we tend to take 1 step forward and 5 steps backwards opposed to the usual 2 steps backwards. Stimulus packages are just a disguise,sounding good for the moment until our country realizes this money given is being used to consult debt which a good portion of citizens are in. If i dont recall, we gave automotive industries 700 billion,and they still seem to be struggling. The money we owe china simply grows beyond relief and we simply dont care.
This country is so dependent upon it's government to solve all it's problems. Even people within the government are dependent upon the government. It's a never ending spiral of dependencies. These numbers are very real, and terrifying for most of the country. So many, many people expect Obama to come in and save our butts as soon as the partying was over after he was sworn in.
We need to just let the recession run it's course I believe.
Or at least stop nagging the officials about why they're not doing their "job" when they're doing what they can.
I agree that how large the deficit is is intimidating but why is everyone so concerned about America's debt? From what I understand about the government is that Alexander Hamilton set it up so that a larger national debt would be a good thing and we would only pay interest on the debt. So why would we try to get rid of it and go against the way our government was supposed to be?
The government is in a big hole. Right now we're trying to get out fast. I think the government is also preparing for the next time as well. Also we're in debut because of greed. If people were more less greedy it wouldn't be so bad.
Last year I was giving speeches in extemp saying the deficit was $1.27 trillion and the national debt was $9 trillion. Now, it's increased to a deficit of $1.58 trillion and the national debt to !11 trillion. It seems like economy just keeps getting worse. I have hope that Obama's plans will work, but with the socialist ideals behind his plan along with more US currency being printed I believe that soon we'll be reading about the national debt has peeked over $15 trillion.
i think that the government should of left the recession alone and let it do what it needs to do the stimules package helped a little bit but it put our national debt even farther into debt
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