I don't understand this. We are the richest, yet most in debt country. How is this so? The Federal deficit is predicted to hit $477 Billion this year (http://www.usatoday.com/news/washington/2004-01-26-def_x.htm) and yet the candidates that are up to fight for the claim of the Presidents chair all are well off and don't have to worry about money. How do we know that they will worry about the money the government spends that it doesn't have? How do we know that they won't continue to play off their own political agendas while in the presidency and add to this ever growing problem that is looming over our heads?
2007-04-26 22:31:57 · 7 answers · asked by Joseph C 2 in Politics & Government ➔ Elections
by taxing the life out of the rest of us
2007-04-26 22:35:17 · answer #1 · answered by mctruck 3 · 1⤊ 1⤋
They can't.
I could spend pages explaining this.
in simple terms
They are past the economic point of no return.
They have pumped up the economy so much with freshly printed dollars that if they stop deficit spending, our economy would burst like the worlds largest balloon.
Look down your street, nothing but stores, walmarts, more stores, stores ect.
Our coutry has been turned into a super consumer.
MOST jobs are based on consumption.
For the most part, we don't MAKE anything.
so the government BORROWS to keep it going. and they have to borrow more each time.
Then what happens when ofther countries finally stop taking dollars because their value is too low?
a crash that will make the great depression seem like a sunday walk in the park.
Our economy has been growing steady for years..this is not natural. It should cycle, up for a while then down. The government as been borrowing to keep it up.
I have been in college studying this, professors treat it as a taboo.
They are never willing to talk about what will happen when the crash does come, they admit that it will come though.
got gold?
2007-04-26 22:46:57 · answer #2 · answered by Paul D 3 · 1⤊ 0⤋
Because they should do away with the Federal Reserve which is not backed by ANYTHING. THAT would solve many problems.
I seriously believe that Bush is TRYING to destroy the USA currency...why? So people will find it easier to go to the Amero. They tried this a couple years ago and it failed in Congress...but if it looked like a GOOD thing then people would be more apt to great it. The truth is that there are a few very powerful and very rich people who are trying to combine Mexico, the USA and Canada into ONE nation like the EU is. Sick, but true.
2007-04-26 23:18:04 · answer #3 · answered by hera 4 · 0⤊ 0⤋
John Edwards has already made it a point to either drop Bush's tax cuts or raise taxes on the wealthiest Americans, making over $200,000 a year. That includes taxes on himself. Hopefully, the "winner" will forego his/her salary as President Kennedy did. Ending a tax cut to balance the budget will have to happen. If we started a serious effort today, it would take at least 2 decades for us to again balance the budget and pay down the deficit.
2007-04-29 19:24:02 · answer #4 · answered by gone 6 · 0⤊ 0⤋
The candidate that will truly serve the country and cut the national deficit must be elected by the people.
VOTE for your choice as US President on my 360 degrees blog and know who will likely win.
2007-04-26 23:13:38 · answer #5 · answered by FRAGINAL, JTM 7 · 0⤊ 0⤋
We elect people who spend millions of dollars to get a job that pays $200,000 a year (yes, I know the perks are good), and let them make our financial decisions for us? What is wrong with this picture?
2007-04-26 22:41:27 · answer #6 · answered by Anonymous · 0⤊ 0⤋
get rid of the federal reserve and the problem is solved
2007-04-30 11:07:17 · answer #7 · answered by Anonymous · 0⤊ 0⤋