Nov 9th 2012, 22:26:42
Originally posted by Unsympathetic:
China has 8% of the total debt. China can't cut the cord however because when their currency strengthens as it hits the market, 50 million people are instantly fired.. and will revolt the next day.
The three primary causes for the rapid expansion of the federal debt to triple between 2000 to today are well known. The first is the Bush tax cuts, the second is the wars in Iraq and Afghanistan, and the third is due to the recession and TARP and other stimulus programs. Because the federal budget was balanced at the turn of the century, these added costs really do correspond to the size of the problem.
The three primary causes for the rapid expansion of the federal debt to triple between 2000 to today are well known. The first is the Bush tax cuts, the second is the wars in Iraq and Afghanistan, and the third is due to the recession and TARP and other stimulus programs. Because the federal budget was balanced at the turn of the century, these added costs really do correspond to the size of the problem.
huh? i'm glad that you'll be linking in the evidence to support those statements. well, then again, i should make a check of my xbox's ability to gather information. though it'll be pretty much useless for flash or pdf evidence. ahhh, 26% of foreign debt... 8% total... well, that's one down...
There are no messages in your Inbox.
Elvis has left the building.
Elvis has left the building.