<p>I agree with your basic assertion, sjmom2329. I don’t think that the investor class has gone Democratic. It’s just that they didn’t get their knickers in a twist over the election.</p>
<p>My OP was meant to be a little sarcastic and to point out that, even after the election, the earth is still at the same tilt and we haven’t all been thrown out into space.</p>
<p>Our economy is very good right now. You can complain all you want about the national debt, but with the country pretty much at full employment, GDP rising, wages rising, and inflation doing nicely, the economy is good to go. As these tax cuts continue to pump more economic growth the problem of the deficit and the national debt will be solved. We do not need to raise taxes and stunt economic growth for that to happen.</p>
<p>Our economy is very good right now. You can complain all you want about the national debt, but with the country pretty much at full employment, GDP rising, wages rising, and inflation doing nicely, the economy is good to go. As these tax cuts continue to pump more economic growth the problem of the deficit and the national debt will be solved. We do not need to raise taxes and stunt economic growth for that to happen.</p>
<p>Sorry, my computer ****ed up</p>
<p>It’s easy to live well on borrowed money–until the bill comes due.</p>
<p>You’ll have to excuse me if I don’t think you’re a credible source on the consequences of the national debt any more than you are on the stock market, given this statement of yours:</p>
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<p>Totally untrue. The debt nearly tripled during the Depression, from 16 million to 42 million.</p>
<p>You are right. I made a mistake and I was wrong. Like I mentioned before I was doing work-my college essays, and kept confusing myself with what you were saying I went from deficit, to international trade deficit, before I realized that i was saying nonsense cause the topic was national debt.</p>
<p>Otherwise the information I gave was rite.</p>
<p>Sorry, no the other information wasn’t right. Please see my response in the thread. </p>
<p>Leading economists (regardless of political persuasion) agree that if we continue to borrow at the current rate, in twenty to thirty years, the interest rates alone will be as much as we raise annually in federal taxes. So without drastic tax increases, the government will be unable to function. </p>
<p>To put it in terms that you (I hope) won’t confuse with budget deficits, if your mortgage payment is as high as your paycheck, and you aren’t even reducing the principal, you’re heading for ruin.</p>
<p>Deficit spending is helpful in a Depression. But we aren’t in a Depression. You don’t take antibiotics year-round; you take them when you have a bacterial infection or a need for prophylaxis. There is no evidence to support the idea that we would be in a Depression if we weren’t borrowing huge amounts of money. The Clinton budget surplus didn’t result in a Depression.</p>
<p>But at any rate, Dadguy is right. The real point of the thread is that no one who was making all those claims of the terrible things that would happen if the Democrats were elected seems to be putting their money where their mouth is. If investors felt the country was less safe, the market would be reacting.</p>
<p>Actually Conyat the info I gave was right. GDP- rising, wages-rising, employment- pretty much full, inflation- moving along nicely, and I dont even have to mention the stock market.</p>
<p>“if we continue to borrow at the current rate, in twenty to thirty years, the interest rates alone will be as much as we raise in federal taxes. So without drastic tax increases, the government will be unable to function.”</p>
<p>You are right, IF we continute to borrow for twenty years from now things will get bad, but raising taxes is not the remedy. We both know how much these tax cuts have helped, amd moreover, these tax cuts have created more revenue for the government. The real solution is to keep the tax cuts, let the economy grow, allow for more revenue, while simotaneously cut spending.</p>
<p>Oh, I thought you meant the information you gave in the post in question, that the US has had its current debt load for a long time, was accurate. It’s simply not. The US has had some debt for a long time, but more than 50% of it–trillions of dollars–is from the last 4-6 years alone.</p>
<p>And you’re missing the point. Yes, the statistics you keep reciting are true, but they don’t mean very much, because you keep omitting the part about how they are due to our borrowing money that we won’t be able to repay.</p>
<p>And where have I advocated raising taxes? My big concern is stopping the spending binge the Republicans are on, especially the hundreds of billions of dollars that have been poured into no-bid, no-credible oversight contracts to party insiders and supporters. If we don’t do that, tax increases are inevitable, of course, because we won’t be able to function otherwise, but it’s much more efficient to stop the problem at its source.</p>