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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (579108)8/2/2010 10:46:32 AM
From: i-node  Read Replies (1) | Respond to of 1571928
 
> In fact, since chronic current-account deficits result from a nation spending more than it earns, stringent domestic belt-tightening is the only cure.

Of course, politicians are locked in a blame game, so they'll NEVER advocate the cure.

More than any other thing, I see this as the threat facing America. The Republicans are, I believe, ready to take charge as they did in the 90s and get control of the spending.

But I see no willingness at all on the parts of Democrats to stop it. We need some fiscally responsible democrats in congress and they simply are not there.



To: Tenchusatsu who wrote (579108)8/2/2010 10:53:07 AM
From: Road Walker  Read Replies (2) | Respond to of 1571928
 
> In fact, since chronic current-account deficits result from a nation spending more than it earns, stringent domestic belt-tightening is the only cure.

Well I would call the the key point.

But as I've been saying since well before Obama was elected we need cuts in spending and increases in taxes to solve the problem.


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