Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

8 Bumps

Deficit Adds $165,040,000,000.00 in one month. How long can we keep this up?

Last month, July, the U.S. government spent us deeper in the red. It is the second record highest month in history.
The highest month on record was $180.86 billion in July 2009.

How long do you think the government can keep spending like this?

www. online.wsj.com

 
Natesmom507

Asked by Natesmom507 at 7:29 PM on Aug. 11, 2010 in Politics & Current Events

Level 35 (74,836 Credits)
This question is closed.
Answers (16)
  • The only thing you can focus on is the deficit. We have to fix the economy first. It's necessary to spend to get the economy back on track.

    ***
    LMAO!! And when you want to get YOURSELF out of debt...do you go maxing out your credit cards, and asking your friends and family to bail you out?! Or do you make the necessary cuts in your lifestyle and attempt to stretch your budget and attempt generate income by working more?!

    This whole asinine "spending money to make money" concepts the libs cooked up only flies when you use your OWN money, and you actually produce something that has monetary value that you can sell to make money!!

    Economics and Business Management 101
    LoriKeet

    Answer by LoriKeet at 10:24 PM on Aug. 11, 2010

  • Can't they just print more money and IOUs?! LOL *sigh*

    LoriKeet

    Answer by LoriKeet at 7:31 PM on Aug. 11, 2010

  • Ohhhhhhh, but give them dems a chance!!!!! They have hope and change coming out of their wazoooo!!!!! ;o)
    grlygrlz2

    Answer by grlygrlz2 at 7:50 PM on Aug. 11, 2010

  • If my restaurant would've run that far in the red, I would have gotten fired.
    lovinangels

    Answer by lovinangels at 7:49 PM on Aug. 11, 2010

  • until jan of 2011.
    jewjewbee

    Answer by jewjewbee at 8:48 PM on Aug. 11, 2010

  • The excuse that nothing could have prevented the downward spiral of lost jobs and deficit spending which were triggered by the crisis in home values ... is just fiction.

    Calvin Coolidge was confronted with a harsher economic downturn in 1920. He allowed the business scene to correct itself with bankruptcies and individual initiative. And in ONE YEAR the economy came roaring back - remember that that period was dubbed "The Roaring 20's".

    If you want to cite "reality", cite something real, not this fiction.

    Are people afraid of bankruptcies because they assume the businesses and their jobs just melt? If GM, etc. had gone bankrupt, most of those people would still have jobs. Their debts would have been written off, and the bloated union contracts would have had to be re-negotiated.
    The bailouts were solely to pay off unions, and banking cronies who would have lost money from bankruptcy filings.

    Wake up!
    waldorfmom

    Answer by waldorfmom at 3:07 AM on Aug. 12, 2010

  • Not much longer ~ which is why I am firmly convinced there won't be a US in five years or less.
    Farmlady09

    Answer by Farmlady09 at 7:46 PM on Aug. 11, 2010

  • it's Bush's fault right?
    sopranomommy

    Answer by sopranomommy at 9:29 PM on Aug. 11, 2010

  • http://www.marketwatch.com/story/reagan-insider-gop-destroyed-us-economy-2010-08-10?pagenumber=2

    OH FOR GOD"S FREAKIN SAKE.

    Do you have ANY clue how much money has been made in the economy since then. Not just by "rich" people but by average people??? ANd I don't think you will find Bush's name on any of those liberal spending spree's
    Carpy

    Answer by Carpy at 11:35 PM on Aug. 11, 2010

  • Ugh.


    Bump!
    LovingSAHMommy

    Answer by LovingSAHMommy at 7:31 PM on Aug. 11, 2010