Posted on 02/04/2010 9:50:11 AM PST by blam
20 Reasons Why The U.S. Economy Is Dying And Is Simply Not Going To Recover
Michael The Patriot Blogger
Feb. 4, 2010, 10:26 AM
Even though the U.S. financial system nearly experienced a total meltdown in late 2008, the truth is that most Americans simply have no idea what is happening to the U.S. economy. Most people seem to think that the nasty little recession that we have just been through is almost over and that we will be experiencing another time of economic growth and prosperity very shortly.
But this time around that is not the case. The reality is that we are being sucked into an economic black hole from which the U.S. economy will never fully recover.
The problem is debt. Collectively, the U.S. government, the state governments, corporate America and American consumers have accumulated the biggest mountain of debt in the history of the world. Our massive debt binge has financed our tremendous growth and prosperity over the last couple of decades, but now the day of reckoning is here.
And it is going to be painful.
[snip]
(Excerpt) Read more at businessinsider.com ...
20? There’s only ONE reason I can think of, and it’s a teleprompter-reading imbecile who thinks America has 57 states.
I’ll give you two reasons and cut through the crap.
Obama and his MARXIST railroaded policies.
It will recover the same day the GOP gets its act together and runs another Reagan. Just like the Iranian hostage crisis ended immediately upon Regan’s arrival.
Well, looks like tax paying, personally, has to go.
I’ll let Uncle Sam and all his bastard children make it on their own..
With drastic cuts in federal spending, and with tax reform, the US economy could be back in strong shape in short order.
It just won't happen while Democrats have any political power.
You’re leaving out reasons 2-20: Greedy, power mad economically illiterate liberals.
Obamas progressive idea, join the League of Debtor Nations.
He sounds like that doomsday guy they all laughed at, Peter ..... : The problem is debt. Collectively, the U.S. government, the state governments, corporate America and American consumers have accumulated the biggest mountain of debt in the history of the world. Our massive debt binge has financed our tremendous growth and prosperity over the last couple of decades, but now the day of reckoning is here.
But award winning progressive economist Paul Krugman says the problem is we don't have enough debt. He is critical of Obama for not running bigger deficits.
bump for later...
Think: Machiavelli, Antonio Gramsci and Cloward-Piven. With a bit of Orwell dusted across the top.
Washington Bankrupting our Nation by Spending your past, present and future money......
AKA as dining out on your reputation
The problem is the mindless drones who elect him and others of his ilk. CHange. Hope. Single words that are meaningless without context, but people repeat them like a mantra.
“But award winning progressive economist Paul Krugman says the problem is we don’t have enough debt. He is critical of Obama for not running bigger deficits.”
Yes another Idiot who can be wrong all his life and keep his Job.
25 States Have Run Out Of Unemployment Money And 15 More Are On The Verge Of Running Out
So if you are out of work now, you had better get a job real quick . . .
Krugman has been right quite a few times.
‘Drastic Cuts’ won’t happen with Republicans in power, either.
They won’t happen as long as people who receive money and services from the government, often without paying anything in as taxes, get to vote.
Long ago (I’d say the Johnson Administration, myself, but possibly earlier, like FDR) we hit a tipping point where these people became the dominant force in politics, and EVERY politician is beholden to them if they wish to be elected or re-elected.
I do not need 20 reasons to know that. I only need 2, obama and the Democrat Party.
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