Skip to comments.Germany says U.S. debt levels "much too high"
Posted on 09/11/2012 5:47:51 AM PDT by Perdogg
German Finance Minister Wolfgang Schaeuble questioned on Tuesday how the United States could deal with its high levels of government debt after November's presidential election.
(Excerpt) Read more at reuters.com ...
Hopefully by electing a new president! That would be a good start...
Make things in America.
Maybe the Germans could pitch some Euros into our beggar’s cup since we were nice enough to rebuild their country after they went insane and elected a dictator. After all, we have much in common in that regard.
Incorrect. “Making more things” does not reduce government debt. Spending less money does.
We disagree then.
well the Germans could always pay us back for WW 2, that might help
I know, I’ve been trying to point out the error in your reasoning for some time.
Government can spend less than what is once has already spent?
Never heard of such a concept.
Then you’ve never heard of the government spending money it does not have.
Maybe someone could "clue in" 0bama and the dims.
two words mr. Finance Minister: mirrors.
Actually, the Pubbies haven’t exactly reined in the spending this time around. You’d think they could “just say no” to all the funding. They do have the purse strings, yes? Or am I not properly nuanced to understand it all?
Not to be a jerk, but perhaps closing all the bases in Germany might be a start towards tackling the debt. Oh I bet Germany would change their tune quickly if that was brought up after that story. We immediately closed every base in Puerto Rico after that complained and now they are regretting the decision especially the people in Roosey Roads.
You think they’re NOT “clued in”?
This is part of the plan to bring America down to the level of every other country in the world, and destroying its financial status is the main part of that.
Maybe someone could “clue in” 0bama and the dims.
lol. The Republicans spent like crazy during their majorities in the early 2000’s. They are absolutely no better.
If destroying the economy is the goal, then they’re succeeding! If this can be proven, then we need to bring out the guillotines and have some public executions for TREASON!
In other news:
The sky is blue. Grass is green. Obama is a communist muzzie.
Too many of those that would be responsible for proving it stand to gain in the short term and on the other side.
The best we can do is to emulate what they’re doing - physical commodities - whilst they crash the dollar.
There’ll be no proving it before it happens because your average sheep simply doesn’t want to believe that they’re doing it on purpose.
To Germany's credit, they did pay debts and reparations into the 1970's for WWII. I don't know if they paid it all, but they did get some healthy invoices from the US.
My father received a check from the German Government in the late 70s for reparations due for ancestors seized assets that were executed in concentration camps.
Note to self: Ask Dad for more details on what that was all about.
It’s all about the pork
It’s all about the pork
As I recall, under GWB we almost did that once. Germany squeeled about Americas Imperial precence in Germany/Europe, GWB said ok then.....
"We are just kidding. Stay as long as you'd like. Sorry about that...."
How much of that debt was due to The Marshall Plan?
Boy, that achieves an almost British level of understatement.
Moodys expects to cut US rating without deal to lower debt/GDP ratio (on Drudge today).
When Socialist Eurpeans are telling you your debt is too high, you need to probably start thinking that just maybe, your debt is too high.
Hey Wolfgang, if bam wins, we are utterly and completely toast. It won’t matter. The best of the best and the free thinking minds will be at a minimum silenced, at worst silenced permanently.
“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. Increasing America ‘s debt weakens us domestically and internationally. Leadership means that, “the buck stops here.’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”
*** ~> Senator Barack H. Obama, MARCH 2006
We could replace all our coal, natural gas and nuke plants with brand new Solyndra solar panels.
Demand they all be manufactured here and paid for by the government. Of course we'd have to shut down the country at night and on cloudy days. And the national debt would double.
But at least we'd be making more stuff. Temporarily.
Making things generates revenue, which is taxed. Of course, entitlement reform will be the most important thing of all. If Obama wins another term (a scary thought), that won’t happen.
Our debt is now 103% of GDP. The question from the DNC perspective is not how we intend to reduce our debt but how much we can grow it before our lenders cut us off. I honestly believe that will happen before the end of Obama’s next 4 year term if he is elected. If he is elected with Dem majorities in the House and Senate as well the ratings agencies will rapidly reduce our credit ratings to junk before the next congressional elections.
Fantastic! You just increased tax revenue by $1.00, and the government spent all $1.40 of it! Wait a minute, how does making things decrease debt?
The only approach is to starve the beast by cutting spending, not to gorge it with revenues even if those revenues come from growth. Congress will spend every penny the taxpayer sends it and then some.
But that is never the intent of the person who makes the comment that we need to make more things. Because they always leave the most important part out.
We know, we know.
Given the current policies in all three areas it would be idiotic for them to invest or build in America.
LOL once again Naps, you demonstrate you have utterly NO clue what you are talking about when it comes to politics.
2006 Bush and last GOP Congress Federal Deficit $160 billion
2010 Obama and Last Dem Congress Federal Deficit $1.6 Trillion
Even a faux conservative Obamabot like yourself should be able to do that much math
You’re the Republican Fred Phelps, has anyone ever told you that, lol?
Ah yes the standard response to those who find the truth inconvenient. Scream bile at the truth teller
You do realize that the phrase “an inconvenient truth” has a little baggage, don’t you? Maybe that fact got obscured by the fog of spittle, lol.
I know, it would be so much easier for you to just tune out the inconvenient facts if no one was so rude as to dare challenging the bubble world group think around here
It’s just Fre... Err, MNjohnnie against the world ain’t it?
You’re not doing a very good job of encouraging reluctant voters to support the Republican Party.
Making and exporting more product does indeed help...not sure where you’re coming from!?