How will the Dems explain this?
- Thread starter ylexot
- Start date
Our debt is more than adequately covered by GDP.
FromTexas
This Space for Rent
BuddyLee said:
Because you don't pay debt in one lump sum. The principal and interest payments are a small percentage of GDP, and well within the historical levels of payments and most economists expectations of payments for debt.
A lot of people buy $300-400,000 dollar houses around here but only make $150k or less... are they in dire financial trouble and headed down a bankrupting path? After all, that is 200%-250% of their one year "GDP"
FromTexas
This Space for Rent
http://www.cbo.gov/showdoc.cfm?index=3521&sequence=0
See if you can figure out where the real control on spending needs to happen not to break the government from that report... You might notice, debt payments are nothing. The only point debt will become a problem is when the real problem with our future budgets escalates to a point that causes us to really have to start borrowing money.... you will figure it out if you look at the CBO report.
See if you can figure out where the real control on spending needs to happen not to break the government from that report... You might notice, debt payments are nothing. The only point debt will become a problem is when the real problem with our future budgets escalates to a point that causes us to really have to start borrowing money.... you will figure it out if you look at the CBO report.
B
Bruzilla
Guest
rraley said:
Just a few points...
1. Saying that China has the largest military is kinda like saying that McDonalds is the nations largest employer of skilled professionals. The Chinsese military is made up of mainly conscripts who are trained to the level of being cannon fodder. The Chinese have always used massed human attacks in place of technology, but with the advent of cannister munitions the days of the "human wave" attacks are going away. The Chinese have a very incapable Navy, and their air force isn't worth much either. They have nuclear weapons, but they are pretty much land-based, meaning eaily targetable, as their only ballistic missile sub is pretty much AFU. In short, the PROC military is more like Hussein's than the Soviet's or our's.
2. They have a fast-growing economy, but that growth is only supported by growing privatization, which reduces the influence of the government. I'm wondering how far the govies will let their influence drop before they hit the brakes on private industry, which will greatly slow that economic growth.
3. They have developed a huge industrial capability on the government side, but not so much on the business side (most large businesses are actually just arms of the government.) But like the Soviets, they have had to sacrifice personal living conditions in order to invest as much as they have in industry. That just doesn't sit well with people, especially once the freedom bug hits them.
4. The two-child waiver is only for residents of rural areas, and only after obtaining government approval. City residents are limited to one child with no waivers. IRT Toxick's comments, the one-child policy is having a greater impact than in just numbers. Chinese tradition calls for the father of the bride to pay a stipend, expenses, etc., when a couple gets married. Also, men have more options for work and benefits than women, and as a result there are far more births of females aborted than males as it's better financially to have a son than a daughter. This systematic process of steadily increasing the male population, while decreasing the female population is great news for ugly Chinese gals, but is really in danger of upsetting the natural balance of things.