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1 posted on 08/03/2011 4:05:29 PM PDT by SUSSA
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To: SUSSA

Try this link.

http://www.chron.com/disp/story.mpl/editorial/outlook/7680903.html


2 posted on 08/03/2011 4:10:05 PM PDT by SUSSA
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To: SUSSA
GDP: $1,163,269,300,000
Debt: $216,447,503,000

If you watch the debt ticker, the GDP is going up and the debt is going down.

3 posted on 08/03/2011 4:11:21 PM PDT by camerongood210 (Obama's Debt Ceiling = $16.7T. GDP for 2010 = $14.7T)
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To: SUSSA
Reads like small potatoes to me: Fedgov is spending trillions of dollars in debt while Texas is spending maybe $30 billion. Multiply Texas' debt by 50 states, and you still get anywhere close to the federal debt.

There's another flaw in Dunnam's arguments. Texas is growing economically. It's adding new businesses, new jobs and new residents. Therefore, there will be new taxpayers to pay part of the debt going forward.

Yes, it would be better if there were no debt but the only reason we are having to go into debt to build so many roads is because the money we are sending to Washington is no longer coming back to build new interstates and, after a few decades of pleading to Washington to fund them and unwilling to put it all on the backs of the motorists, Texans are gambling that some debt to build infrastructure is going to pay off with more businesses and more tax revenue, which it should ultimately do unless Washington crashes the economy.

7 posted on 08/03/2011 5:50:07 PM PDT by OrangeHoof (Obama: The Dr. Kevorkian of the American economy.)
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