The Economy in 2015 Might Shock You

Townhall.com ^ | November 19, 2012 | David Sterman

[Mamzelle]

Did I miss how inflation figures into this?

[gridlock]

That's because our economy is unlikely to handle three more years of gridlock, which keeps us stuck in a phase of higher government spending and shrinking revenue.

Hey, don't blame me!

We have dug ourselves a hole from which there is no un-digging. If we had reasonably high rates of growth and employment, interest rates would rise and the cost of servicing the government's debt would bury us alive.

[raybbr]

Another author that foolishly believes that the left actually cares about how much debt we get into.

[GeronL]

I love the narrative forming that it’s conservatives who refuse to fix the budget and address the “fiscal cliff”...

lolz

[Vaduz]

Nobody is shocked,with Obama&Co it’s expected.

[SkyPilot]

A couple of comments on the article:

1. Our Debt and Deficit are not exploding because of Defense Spending - they are exploding because of Entitlements.

2. Obama and the Democrats have thrown Billions at state and local governments to pay off unions, while they have taken an ax to their own Federal employees.

When Pelosi was still Speaker, she called for a vote in Congress in August (which was not EVEN IN SESSION!) to spend over $40 Billion in yet another "Son of Stimulus" give-away to local governments so that they would not have to lay off teachers, administrators, police, etc or cut their salaries. At the same time, Obama froze all Federal salaries (3 years running, they are still frozen), froze all cost of living pay, froze all locality pay, and froze hiring. A few short months later, the DoD hemorrhaged jobs, with 16,000 Air Force civilians cut, and over 20,000 Army and Navy civilians who lost their jobs.

In short, Obama and the Democrats screwed employees that did work for them, while doling out Billions in borrowed money to local and state unions they bought off - but it is NOT the job of the Federal government and the taxpayer to fund. This article's laments the fact that state and local employees may have to start feeling a real pinch.

[MrB]

The left WANTS the economy to crash so they can remake it “closer to their hearts”.

However, they don’t want to accept the blame for the hardship this crash will cause.

[taildragger]

As this chart shows, Japan spends roughly half as much on healthcare as we do, yet arguably has superior outcomes (in areas like longevity and infant mortality). Though this chart is from 2009, little has changed since.

Nothing like leaving out it is a homogeneous culture with little immigration, little or no out of wedlock births, no welfare state, with intact families and the eat darn near Macrobiotic. ( sarc / off )

[Wyrd bið ful aræd]

I know...With 'rat control of the oval office and the senate, its somehow the republicans' fault that the country is going to hell.

The scary part is, people believe it.

[Georgia Girl 2]

This guy is on drugs. What he does not seem to understand is that Obama’s mission is to destroy the US economy so it can be replaced with Collectivism. So far he’s doing a damn fine job and I look for him to continue.

[Georgia Girl 2]

This guy is on drugs. What he does not seem to understand is that Obama’s mission is to destroy the US economy so it can be replaced with Collectivism. So far he’s doing a damn fine job and I look for him to continue.

[Georgia Girl 2]

This guy is on drugs. What he does not seem to understand is that Obama’s mission is to destroy the US economy so it can be replaced with Collectivism. So far he’s doing a damn fine job and I look for him to continue.

[genghis]

ya tell me what happens when interest rates hit 7%.

One prediction is guaranteed,it is going to be interesting.

[DesertRhino]

“As this chart shows, Japan spends roughly half as much on healthcare as we do, yet arguably has superior outcomes (in areas like longevity and infant mortality). Though this chart is from 2009, little has changed since.”

Apples to Oranges. Japan would have little to no advantage over us in longevity if our crime, drug and violence infested minority underclass was not factored in. They also often live life little better than third worlders, with almost no regard to their health. I missed where Japan has 20 million Mexican citizens in their midst bringing in new diseases previously eradicated. I haven’t heard about Japanese crackheads. Which city is the Japanese “urban” Chicago, St Louis, Baltimore, Cayahoga County?

It skews every statistic like this used against us.

I can nearly guarantee, if you made a composite of the average Japanese citizen as far as education, literacy, and lack of criminal record,, and compared that to the similar demographic in America, their advantage would evaporate.

[GeronL]

yep. In 4 more years, it will still be Bush’s fault. lol

We’ll all be in bread lines.

[CyberSpartacus]

There is only one way to fiscal solvency. Eliminate all wellfare.

[DesertRhino]

“That’s because our economy is unlikely to handle three more years of gridlock, which keeps us stuck in a phase of higher government spending and shrinking revenue.”

So should we stop resisting and simply facilitate higher government spending, and tax INCREASES? That’ll really stagger us. If a thief is pushing on my front door, and im pushing it closed, gridlock is my friend until i can gain an advantage.

[MrB]

There are way too many that don’t, won’t, can’t believe the malevolence of the left WRT America.

[DesertRhino]

“That’s because our economy is unlikely to handle three more years of gridlock, which keeps us stuck in a phase of higher government spending and shrinking revenue.”

So should we stop resisting and simply facilitate higher government spending, and tax INCREASES? That’ll really stagger us. If a thief is pushing on my front door, and im pushing it closed, gridlock is my friend until i can gain an advantage.