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Aug. 14th, 2006 @ 11:41 pm our country is broke
Current Mood: not entirely serious


Not to be a dirty Republican or anything, but with numbers of this magnitude, the arguments for deficit spending make less and less sense.

Bush! This was supposed to be the one good thing about you coming to power! What the hell happened?
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Date:August 15th, 2006 01:46 pm (UTC)
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Okay, that made my aunt's ranting against Bush make a lot more sense.
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Date:August 16th, 2006 06:24 am (UTC)
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Date:August 16th, 2006 01:46 pm (UTC)
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Without reading the article, I feel compelled to point out that deficit spending is what the Republicans do best. Particularly by making massive tax cuts for the rich.
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Date:August 16th, 2006 11:11 pm (UTC)
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No, that's what Bush does best. Which is ironic, because many Republicans voted for him because they wanted to put an end to what they perceived to be runaway spending by Clinton.

Clinton blew it all on underfunded social programs, Bush blew it all on war.
Date:August 17th, 2006 11:12 pm (UTC)
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I really have to wonder, after seeing those numbers, how they are affecting the quality of life in the various countries listed. I still wouldn't want to live in Saudi Arabia, because all that cash is held by the king and his clan.

Another pressing question is, who is holding all that debt? What would happen if it got called in? A company can borrow millions of dollars, but if you want to borrow billions, you are probably dealing with another government. So, if all the national debt had to be settled immediately, would it just make all the countries in the black go down to raise the United States up?

- Will