$14+T National Debt - Will it ever go down?

[RealMoneyIssues]

It should be noted that once we (hopefully) emerge from the Recession, revenue should increase, which will at least reduce the deficit. I, along with most others, believe more reform is required on top of that, but do not forget our deficit upswing is directly correlated to our economic downturn.

True, but our spending shouldn't also go up...

i'm no economic majors but whatever President Bill Clinton did, we need to re-implement that.

Hmm, me thinks someone attributes the better economy during President Clinton's tenure to the wrong person/group... However, most of the OLM will attribute it to raising the taxes on the rich...
But don't listen to me, read up... http://www.google.com/search?q=clinton+balanced+budget

 

[law87]

i'm no economic majors but whatever bill Clinton did, we need to re-implement that.

 

[Atarrin]

It should be noted that once we (hopefully) emerge from the Recession, revenue should increase, which will at least reduce the deficit. I, along with most others, believe more reform is required on top of that, but do not forget our deficit upswing is directly correlated to our economic downturn.

 

[nnuut]

Video:$$$$$$$$$$$
Our Debt Binge Is Ending — And The Middle Class Will Get Clobbered
By Henry Blodget | Daily Ticker – Tue, Apr 5, 2011 12:45 PM EDT

http://finance.yahoo.com/blogs/dail...ddle-class-clobbered-20110405-094510-405.html

 

[KevinD]

View attachment 10831

WOW. Do you say Zed?

 

[jpcavin]

Regroup. Eliminate all programs and start from scratch.

 

[jpcavin]

"At some point, some unknown point, there will be a tipping point," Volcker said, noting that the growing interest burden of such debts can outrace the ability to deal with the debt.
http://www.businessweek.com/ap/financialnews/D9MI6R8O0.htm

 

[ExtremeWX]

Very interesting chart.
Thanks for sharing.

View attachment 10833

whee, whee, wheeeee!

 

[burrocrat]

View attachment 10833

whee, whee, wheeeee!

 

[James48843]

yep.

Looks like a nice ride.
​

 

[burrocrat]

I think that usually if you take a downhill route you have to return by the UPHILL route. +1 -1 =0

it took me a bit, but i think i got it now.

actually it's worse than zero because i took the +1 free ride up front when gas cost 2.50, now it's going to cost me 5.00 to get up that hill if i ever go back and try to make things right. it's a losing proposition.

brilliant, why didn't i see that ten years ago?

 

[burrocrat]

i know this might seem a bit off topic, but if we keep going like we're going with the deficit and free money then we're all in for a long downhill ride, actually we've been on it since 1913 but it's just now picking up steam.

hold tight, teeth in the wind, big ole grin, no brakes, let's see how far we get.

 

[burrocrat]

here's another good one, best done in the early a.m., nothing but trucks and drunks and cops out, all three easy to spot.

use all the lanes plus turnouts to pick the sweet line, shut lights off for extra fun if the moon is out, it's an interstate what could go wrong?

there used to be a nagle's fast food mexican joint open 24 hrs on 700 east i think, handy if you're feeling a bit peckish after a long night in park city.

View attachment 10832

 

[burrocrat]

are you ever coming back?

i wasn't planning on it. although i miss the area.

 

[burrocrat]

View attachment 10831

 

[nnuut]

yes!! one way that works are you ever coming back? Just nit picking , no offense you do have a point.

 

[burrocrat]

I think that usually if you take a downhill route you have to return by the UPHILL route. +1 -1 =0

true nnuut, but that +1 was like 100% volitility from the norm and then it swung back and pegged 100 on the other side too that is like a 200 point turn in only about 15 miles each way only using gas (or ethanol if you prefer) one way. and my last trip out of there was one way so i'm on a freeroll, don't have to pay for it until i go back.

or you could just take 0

 

[nnuut]

I think that usually if you take a downhill route you have to return by the UPHILL route. +1 -1 =0

 

[burrocrat]

Nah, kinda flat around here. I had one in WA when I was young(er)...

try the back way from northport to colville, just ease over the crest on onion creek road and hold on, there's a couple of curves you have to just take it wide and hope you don't drift onto the minimal shoulder and let it roll, a few times i made it all the way down to williams lake road t intersection, once nothing was coming and i got another mile closer to town.

white knuckler, do not try this at night, you have to see the road too not just know it.

 

[RealMoneyIssues]

hey any of you got a favorite downhill run? you know when you commit to the ride, try to beat your best distance, without using the gas and only sometimes the brakes? just man and machine and gravity and the ride?

i got three of them.

Nah, kinda flat around here. I had one in WA when I was young(er)...