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Old Posted Apr 10, 2012, 1:08 AM
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Busy Bee Busy Bee is offline
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Join Date: Feb 2006
Location: on the artistic spectrum
Posts: 10,375
I know it sounds contrary to logic and definitely not what the right would have you believe, but, NO. Our long term debt is not a crisis on par with what Greece or the Club Med countries are facing. The US is not Greece. We are the richest most robust ecomony in the world, and running debts and deficits (deficits being much easier to close) will not "kill" our country as is incessantly rattled by the right wing echo chamber fear mongers, even if the 15 trillion figure seems unimaginable. I'm no economist, but I do know, mirroring Ardecila comments, that not investing in our future (infrastructure, energy, education...) while preaching factually debunked trickle down theory and indiscriminately throwing gobs of tax cuts at rich SOB's (most of whom don't own businesses and are in no direct position to "hire" anyone), further depleting revenue is no solution to the "debt problem."
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