US Worse Off Financially Than Euro Nations: Walker
The US is spending $4 billion a day more than it is taking in, putting the country on an unsustainable fiscal path perpetuated by both Democrats and Republicans, according to David Walker, head of the Comeback America Initiative.
Solving America's problems will require a combination weighted toward spending reductions but one that also will require spreading the taxation burden around more evenly, said Walker, the former US comptroller general.
"We're not growing enough and we're not going to grow our way out of this problem," he said in a CNBC interview. "We would have to have double-digit real GDP growth for decades to grow our way out of this hole."...
jpw wrote: most the demmies and reaps entertain the public much like a professional wrestling match. I am convinced that so many in the tea party like this kind of thing, because it makes them feel like a couple legislative bills can take of it.
I'm not sure because I haven't checked my tv schedule for tonight, but I think ESPN has a big Democrat vs Republican tag team match that will be sure to entertain. I mean that is basically what tv is for, entertainment. And those Democrat vs Republican tag team matches sure are entertaining, I have watched many of them myself.
If your right about the tea party, and I think you are, I think the people you refer to of the tea party will really go for 666 when he shows up. Because 666 would seem to the group you refer to like the kind of guy that would believe a couple of legislative bills introduced by him would quickly take care of American problems.
"The 2012 election is going to have to be about what's the proper role for government," he said. "How are we going to solve our financial problems?"
But it probably won't be. That would require a populace with more thinkers than feelers. And a shift away from doing the things other nations do before they fall.
Yet I would still prefer living here to living in euro-land.
of course it is, the dollar has been run into the ground.
oh, I know, hiring accountants, that'll do it.
most the demmies and reaps entertain the public much like a professional wrestling match. I am convinced that so many in the tea party like this kind of thing, because it makes them feel like a couple legislative bills can take of it.
gosh, billions lost a day. no, it couldn't be the wars and trillions to the FED (private bankers who are now running their own presidential candidates)
figureheads---they didn't even vote on the continued humanitarian bombs from NATO--it all goes on with or without them.
"The US is spending $4 billion a day more than it is taking in, putting the country on an unsustainable fiscal path perpetuated by both Democrats and Republicans, according to David Walker, head of the Comeback America Initiative.
Solving America's problems will require a combination weighted toward spending reductions but one that also will require spreading the taxation burden around more evenly, said Walker, the former US comptroller general."
Sounds like the Democrats and Republicans working together will be extremely successful at solving the enormous financial problems that currently exist for the people of America:
And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number [is] Six hundred threescore [and] six [666]. Revelation 13:16-18
Dr. Alan Cairns | 3/9/2009
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