tag:blogger.com,1999:blog-53246864840716464.post2025117087059386176..comments2024-02-29T00:46:38.800-08:00Comments on Washingtons Blog: US Will Hit 94% Debt to GDP Ratio Next Year, Surpassing the Level Where Debt Starts Reducing Economic GrowthUnknownnoreply@blogger.comBlogger9125tag:blogger.com,1999:blog-53246864840716464.post-90868009047594128432010-12-15T04:47:34.111-08:002010-12-15T04:47:34.111-08:00nice information thanks for sharingnice information thanks for sharingAnonymoushttps://www.blogger.com/profile/06919843491939495005noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-20536054972405036142010-05-13T14:20:03.224-07:002010-05-13T14:20:03.224-07:00One only needs to look at the chaos in Greece for ...One only needs to look at the chaos in Greece for confirmation that entitlements, out of control spending, and the choke hold that unions have on our corporations, drag our economy to the bottom of the abyss. Our tax structure is punitive, our working class shrinks by leaps and bounds because of entitlement programs, and our government spends as if it never intends on paying the bill. We WILL be bankrupt by spring of 2012, and the riots in our own streets will make the riots in Greece look like a PTA bake sale. Americans will only fight now if threatened with a reduction in the amount of freebies Uncle Sam is handing out. My how the mighty have fallen.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-25009300638508178352010-05-08T11:48:23.551-07:002010-05-08T11:48:23.551-07:00Question......When we gonna crash......The car has...Question......When we gonna crash......The car has been spinning around.. when will it hit and kill the bad drivers that are driving our economy on the Highway to Hell?We will be at 91% monday May 10th...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-4835494613063191472010-04-16T05:11:19.414-07:002010-04-16T05:11:19.414-07:00Let us celebrate May Day, 2 Yo (aka 5/1/2010 A.D.)...Let us celebrate May Day, 2 Yo (aka 5/1/2010 A.D.).<br /><br />On December 31, 1 Yo (aka 2009 A.D.), the U.S. Debt to GDP ratio was a mere 85.62%. On Tax Day 2 Yo (aka 4/15/2010 A.D.) it was a much heftier 89.39%.<br /><br />Keep in mind that, according to Wikipedia, one of the Euro convergence criteria was that government debt-to-GDP be below 60%, it is easy to tell that we have once again trumped Europe at its own game.<br /><br />So if 90% is a critical point as the above suggests, as of yesterday OUR Country lacked a mere 0.61% of achieving Washington’s goal of totally bankruptcy. Since the end of last year, this ratio has increased by an average of 0.036% per day. At this rate, the 90% precipice will be tumbled over in about 17 days, around May 1.<br /><br />This calculation does not include the billions in new debt currently being bandied about in Con-gress to bail out the Teacher’s Unions or any other no-evidence-of-brains spending scheme OUR misrepresentatives concoct.<br /><br />My calculations are based on data I compile from <br />National Debt Clock (live) — http://www.usdebtclock.org<br /><br />Gill O’Teen<br />gill.Oteen07041776@gmail.com<br />Today is the day to go for Atlas to shrug!<br />Don’t Tread On Me!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-28671911296668132142010-03-25T10:18:16.259-07:002010-03-25T10:18:16.259-07:00Government gets bigger. Entitlements grow. I don...Government gets bigger. Entitlements grow. I don't know if we, the workers and taxpayers, can bail out all this debt.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-44395007904879992010-01-28T10:08:11.119-08:002010-01-28T10:08:11.119-08:00Someone should get a camera crew and take it to Di...Someone should get a camera crew and take it to Dick Cheney and get his response to the "Deficits don't matter" mantra that he spewed from 2000 - 2008.<br /><br />I wonder if he changed his tune yet?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-14577613189708286782010-01-15T09:58:19.805-08:002010-01-15T09:58:19.805-08:00Why would any sane person wait years for a "c...Why would any sane person wait years for a "certified" confirmation when common sense says ACT VERY SOON OR IT'LL BE TOO LATE?<br /><br />This is like discovering you have cancer. It's better to find out all information available right now than wait perhaps 20 years and wish you hadn't.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-42678729004367521072010-01-13T01:10:29.007-08:002010-01-13T01:10:29.007-08:00It's true that this is based on one study. But...It's true that this is based on one study. But it's the ONLY study available! As has been said before, it's typically far better to know something for uncertain than not at all. <br /><br />The truth is that crushing debt threatens to undermine the fabric of our economy. Too much stress, in the form of poor leadership, over investment of public funds into places that do not return a positive social benefit, and a lack of emphasis on education and wealth production is taking its toll. We WILL pay the price.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-36049561596428599072010-01-12T20:06:00.902-08:002010-01-12T20:06:00.902-08:00The reference in this article was done by one stud...The reference in this article was done by one study, which has yet to be published (it actually says "This DRAFT: December 31st 2009" on the top of the empirical study).<br /><br />ONE unpublished study, BEFORE even having a chance to be academically critiqued, is simply both poor journalism and misleading.<br /><br />Deficits do matter, and have an effect on growth. But, today, identifying a 'deficit/gdp turning point' is frankly -- nonsense.Anonymousnoreply@blogger.com