Obama Criticized Over Credit Rating Downgrade, Debt Ceiling Deal, Jobs, Afghanistan

All this hysteria about debt. We have a country worth 700+ trillion dollars. Each year we produce about 14 trillion dollars and it grows a few percent per year. We have a 14 trillion dollar debt more than half of which we owe to ourselves and our own government­. The debt we owe to ourselves is also an asset that provides security to savers. In the next 50 years we will have millions of people move to the United States and the population will grow naturally as well. Each of those people will add to our output. And we are worried about 20 or 30 trillion of spending over the next half century? Its absurd. Yes, the numbers are large. Right now things look grim because people are unemployed and people are buying imports instead of domestic goods with their earnings but turn off CNN, Fox, MSNBC, all these guys and stay on the politician­s to get folks employed again, with everyone working the government coffers will grow full. The "debt problem" isn't. It is concocted by misguided people to try and take away the social safety net programs for our parents and grandparen­ts and eventually ourselves. The government is supposed to spend too much during economic downturns.

We know who to blame for this, the Republican­­s..



I read it here......­­.........­.

http://see­kingadvent­urequest.b­logspot.co­m/
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