A look at what America will look like under Democratic controle.

[burniegoeasily]

http://www.independent.co.uk/news/wo...t-6660306.html

[The Rev]

That's what happens when we have a majority of the people being free loving, tree hunging, equal sharing having liberals. Liberals and Commies are out of the same play book and neither are worth a flying flip.

[halfbakedi420]

kinda like the occupy thing? occupy is just the beginning.

[The Rev]

Originally Posted by halfbakedi420

kinda like the occupy thing? occupy is just the beginning.

We (Americans) should have occupied a boot up their butts!

[Alsatian]

I'm not sure if Bernie's point has been appreciated. Excuse me if this is obvious. The Greek problem is an excess national debt. End of story. Bernie's point, I assume, is that we are currently headed in this direction. Debt is undesirable; increasing indebtedness is undesirable; but there is a difference between a debt that is serviceable and a debt that is too large to be serviceable.

What do I mean? If interest on the debt is 1% of the GDP of our economy, we can service our debt -- pay the interest on the debt and maybe even retire some of the debt by paying against the principle. If interest on the debt is 100% of the GDP, every nickle our economy produces goes to paying the interest on the debt and we have ZERO money for paying to feed ourselves, clothe ourselves, shelter ourselves, etc. Obviously things break down before you get to this point. Greece is now at this tipping point. It is not clear which way they will tip. A lot of bankers feel it is a foregone conclusion that Greece will in fact default on its debt. Of course, that is one way to stop increasing your indebtedness -- no one will lend you money any more after you default!

So, if Democrats keep their free spending, this is where we are headed. Increase taxes, you stiffle the economy and you actually collect less in taxes than if you didn't increase taxes.

Howdy Greece! Here we come!!!

[Fieldmouse]

Jay Leno's spin on Clint 's halftime commercial. It halftime in America, giants got the ball and we're down 16 trillion.

[burniegoeasily]

Bingo alsatian

[Fieldmouse]

Fyi, we now pay 200 billion/year to service our debt. More than the 2 wars combined.

[Terasec]

Originally Posted by halfbakedi420

kinda like the occupy thing? occupy is just the beginning.

Wish they would occupy city hall and not wall street.

[sconnyhunter]

Greece did it to themselves. They have too many PUBLIC unions demanding too many bene's for little or no work.

American's have found that we can vote ourselves more money each year. We have the same spending problem that Greece has. The difference is that we are able to do something about it now. We have the time to prevent ever increasing indebtedness.