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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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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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