sperrico87 said:
Bong Lover said:
HappySqurriel said:
theprof00 said:
obama is frustrated because congress is impotent. Whenever they can't agree to a debt ceiling it looks bad to the ratings companies. If we have unlimited credit, we can still argue about money but not have to worry about looking bad. It seems sound to me. |
You're on a speeding train that is heading for brick wall and you're upset that the siren warning the conductor to apply breaks is too loud ...
The debt to GDP ratio has grown from (roughly) 40% in 2000 to over 100% today, the deficit is over $1 Trillion dollars and shows no signs of falling, unfunded liabilities are now starting to come due (pushing spending up), the credit rating is falling (pusing interest rates up), and we will likely see another recession in the next 5 years.
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Please explain how the annual deficit shows no sign of falling?
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Because entitlement spending increases every year, medical care and social security costs increase every year due to inflation, and it takes up more and more of our annual budget. Less people are working while more are retiring, leading to the system being lop-sided and therefore completely unsustainable. What about this are you not grasping exactly?
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The things I am not grasping exactly are theese:
1. Why do you answer when I was asking someone else?
2. How is this trend in annual deficits indicating there's no sign of them falling:
| FY 2013*: $901 billion |
FY 2009†: $1,413 billion |
| FY 2012: $1,089 billion |
FY 2008: $459 billion |
| FY 2011: $1,300 billion |
FY 2007: $161 billion |
| FY 2010: $1,293 billion |
Does this answer your question? Please let HappySquirel provide his explanantion the next time. I am not in a hurry, I can wait.
