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Germany says U.S. debt levels "much too high"
Reuters ^ | 09.11.12

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 ...


TOPICS: Business/Economy; Front Page News; Germany; Government; News/Current Events; United Kingdom
KEYWORDS: esdebt; eucrisis; europeanunion; germany; nationaldebt; russia; unitedkingdom; uscrisis; usdebt
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Headwinds from Europe. /sarc
1 posted on 09/11/2012 5:47:55 AM PDT by Perdogg
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To: Perdogg

ya think?


2 posted on 09/11/2012 5:49:53 AM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: Perdogg

Hopefully by electing a new president! That would be a good start...


3 posted on 09/11/2012 5:50:13 AM PDT by SmileRight
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To: SmileRight

Solution:

Make things in America.


4 posted on 09/11/2012 5:51:56 AM PDT by Cringing Negativism Network (America doesn't need any new laws. America needs freedom!)
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To: Perdogg

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.


5 posted on 09/11/2012 5:53:43 AM PDT by txrefugee
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To: Cringing Negativism Network

Incorrect. “Making more things” does not reduce government debt. Spending less money does.


6 posted on 09/11/2012 5:54:19 AM PDT by 1rudeboy
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To: 1rudeboy

We disagree then.


7 posted on 09/11/2012 5:55:06 AM PDT by Cringing Negativism Network (America doesn't need any new laws. America needs freedom!)
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To: Perdogg

well the Germans could always pay us back for WW 2, that might help


8 posted on 09/11/2012 5:55:19 AM PDT by yldstrk (My heroes have always been cowboys)
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To: Cringing Negativism Network

I know, I’ve been trying to point out the error in your reasoning for some time.


9 posted on 09/11/2012 5:57:15 AM PDT by 1rudeboy
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To: 1rudeboy
“Making more things” does not reduce government debt. Spending less money does.

Government can spend less than what is once has already spent?

Never heard of such a concept.

10 posted on 09/11/2012 5:57:35 AM PDT by EGPWS (Trust in God, question everyone else)
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To: EGPWS

Then you’ve never heard of the government spending money it does not have.


11 posted on 09/11/2012 5:58:51 AM PDT by 1rudeboy
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To: Perdogg
Germany says U.S. debt levels "much too high"

Maybe someone could "clue in" 0bama and the dims.

12 posted on 09/11/2012 5:59:53 AM PDT by The Sons of Liberty ("Get that evil, foreign, muslim, usurping bastard out of MY White House!" FUBO GTFO!)
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To: The Sons of Liberty

two words mr. Finance Minister: mirrors.


13 posted on 09/11/2012 6:01:17 AM PDT by tenger (It's a good thing we don't get all the government we pay for. -Will Rogers)
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To: The Sons of Liberty

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?


14 posted on 09/11/2012 6:03:28 AM PDT by tenger (It's a good thing we don't get all the government we pay for. -Will Rogers)
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To: Perdogg

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.


15 posted on 09/11/2012 6:05:23 AM PDT by napscoordinator (Paul Ryan/Rick Santorum 2012....That would be the best scenario ever.)
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To: The Sons of Liberty

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.


16 posted on 09/11/2012 6:06:06 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working fors)
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To: The Sons of Liberty

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.


17 posted on 09/11/2012 6:07:32 AM PDT by napscoordinator (Paul Ryan/Rick Santorum 2012....That would be the best scenario ever.)
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To: MrB

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!


18 posted on 09/11/2012 6:08:22 AM PDT by The Sons of Liberty ("Get that evil, foreign, muslim, usurping bastard out of MY White House!" FUBO GTFO!)
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To: Perdogg
"Germany says U.S. debt levels "much too high"

In other news:

The sky is blue. Grass is green. Obama is a communist muzzie.

19 posted on 09/11/2012 6:14:59 AM PDT by Mich Patriot (Today if you invent a better mousetrap, the government comes along with a better mouse. RReagan)
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To: The Sons of Liberty

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.


20 posted on 09/11/2012 6:16:20 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working fors)
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To: txrefugee
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.

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.

21 posted on 09/11/2012 6:19:27 AM PDT by Tenacious 1 (The Click-&-Paste Media exists & works in Utopia, riding unicorns & sniffing pixy dust.)
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To: tenger

It’s all about the pork


22 posted on 09/11/2012 6:21:09 AM PDT by Lorianne (fedgov, taxporkmoney)
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To: tenger

It’s all about the pork


23 posted on 09/11/2012 6:21:28 AM PDT by Lorianne (fedgov, taxporkmoney)
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To: napscoordinator
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.

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...."

24 posted on 09/11/2012 6:26:06 AM PDT by Tenacious 1 (The Click-&-Paste Media exists & works in Utopia, riding unicorns & sniffing pixy dust.)
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To: Perdogg

How much of that debt was due to The Marshall Plan?


25 posted on 09/11/2012 6:26:14 AM PDT by dfwgator (I'm voting for Ryan and that other guy.)
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To: Perdogg

Boy, that achieves an almost British level of understatement.


26 posted on 09/11/2012 6:31:15 AM PDT by Little Ray (AGAINST Obama in the General.)
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To: Perdogg

Moody’s expects to cut US rating without deal to lower debt/GDP ratio (on Drudge today).


27 posted on 09/11/2012 6:38:32 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: Perdogg
Ganz genau!
28 posted on 09/11/2012 6:45:17 AM PDT by Night Hides Not (The Tea Party was the earthquake, and Chick Fil A the tsunami...100's of aftershocks to come.)
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To: Perdogg

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.


29 posted on 09/11/2012 6:51:28 AM PDT by Paradox (I want Obama defeated. Period.)
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To: Perdogg

30 posted on 09/11/2012 7:30:28 AM PDT by JRios1968 (I'm guttery and trashy, with a hint of lemon. - Laz)
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To: Perdogg

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.


31 posted on 09/11/2012 7:33:36 AM PDT by vpintheak (Occupy your Brain!)
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To: Perdogg

SOURCE:

http://www.nationalreview.com/corner/256288/senator-barack-obama-explaining-his-2006-vote-against-raising-debt-limit-andrew-c-mcca#

“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


32 posted on 09/11/2012 12:33:23 PM PDT by SeekAndFind (bOTRT)
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To: 1rudeboy
“Making more things” does not reduce government debt. Spending less money does.

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.

33 posted on 09/11/2012 3:07:49 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
Military adding more electric vehicles to fleet

I wonder how much this decreased our debt?
34 posted on 09/11/2012 5:39:54 PM PDT by 1rudeboy
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To: 1rudeboy

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.


35 posted on 09/11/2012 6:20:27 PM PDT by Clintonfatigued (Obama and Company lied, the American economy died)
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To: Perdogg

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.


36 posted on 09/11/2012 6:23:50 PM PDT by chuckee
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To: Clintonfatigued

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?


37 posted on 09/11/2012 6:27:04 PM PDT by 1rudeboy
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To: Clintonfatigued

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.


38 posted on 09/11/2012 6:38:29 PM PDT by chuckee
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To: chuckee
I really have never understood where that misunderstanding comes from . . . you could, theoretically, reduce the growth of our debt by making more things, while freezing spending at current levels.

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.

39 posted on 09/11/2012 7:06:40 PM PDT by 1rudeboy
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To: Perdogg
:sigh:

We know, we know.

40 posted on 09/11/2012 7:16:55 PM PDT by Harmless Teddy Bear (Fate plays chess and you don't find out until too late that he's been using two queens all along)
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To: Perdogg

41 posted on 09/11/2012 7:38:33 PM PDT by StAnDeliver (2008 + IN, NC, FL, VA, OH, NE1, IA = 272EV)
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To: Perdogg
Germany says U.S. debt levels "much too high"


42 posted on 09/11/2012 8:36:42 PM PDT by Old Sarge (We are now officially over the precipice, we just havent struck the ground yet)
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To: Cringing Negativism Network
Maybe they would "make things in America" if America had a rational energy, regulatory and tax policy.

Given the current policies in all three areas it would be idiotic for them to invest or build in America.

43 posted on 09/11/2012 9:42:29 PM PDT by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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To: napscoordinator; The Sons of Liberty
lol. The Republicans spent like crazy during their majorities in the early 2000’s. They are absolutely no better

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

44 posted on 09/11/2012 9:50:44 PM PDT by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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To: MNJohnnie

You’re the Republican Fred Phelps, has anyone ever told you that, lol?


45 posted on 09/11/2012 9:56:41 PM PDT by RegulatorCountry
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To: RegulatorCountry

Ah yes the standard response to those who find the truth inconvenient. Scream bile at the truth teller


46 posted on 09/11/2012 10:02:09 PM PDT by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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To: MNJohnnie

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.


47 posted on 09/11/2012 10:04:47 PM PDT by RegulatorCountry
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To: RegulatorCountry

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


48 posted on 09/11/2012 10:10:06 PM PDT by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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To: MNJohnnie

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.


49 posted on 09/11/2012 10:15:46 PM PDT by RegulatorCountry
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To: 1rudeboy

Making and exporting more product does indeed help...not sure where you’re coming from!?


50 posted on 09/11/2012 10:16:50 PM PDT by Rick_Michael (2012 isn't the lesser of two evils, it's suicide vs a slap in the face. Do you want to wake up?)
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