Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (36200)	8/20/2011 11:39:09 PM
From: posthumousone	2 Recommendations Read Replies (1) \| Respond to of 119360

I am sorry. I dont think I have ever heard anyone say the entire deficit can be paid down in a year. I find it hard to believe we cant balance a budget for one year. I find it incredulous that NOT ONE BALANCED budget has been proposed in the last 4 years.....(i am just throwing out a number....its probably been much longer) no smoke and mirror budget either, taking from one pocket (SS) and putting in another

To: bentway who wrote (36200)	8/20/2011 11:45:30 PM
From: The Reaper	6 Recommendations Read Replies (2) \| Respond to of 119360

The Tea Party wants to pay off the mortgage in one year The Tea Party wants to balance the budget, pure and simple. What is so hard to understand about that? Don't think that a balanced budget works in the worldwide environment today? Look at Chile. By law, the government must run a surplus of at least 1% of GDP every year. Chile has averaged GDP growth of 5-7% for the past several years and 8%+ annualized in the first six months of this year. Barry and Congress along with Bernanke should be taking vacations down there to see how the groundwork was laid for such an outcome. Oh and they're doing it even with importing the oil they need.

To: bentway who wrote (36200)	8/21/2011 12:11:39 AM
From: Bonefish	1 Recommendation Respond to of 119360

'Where were you when Bush was running the deficit from 5 to 10 trillion in relatively GOOD economic times?' I was right here on this thread predicting the whole thing was going to blow due to the policies at the time (Bush and Congress) and that it would be the worst thing since the depression. I didn't figure they in Washington would bailout Wall Street. Or forgive mortgages. Probably prolonged it. What were you doing?

To: bentway who wrote (36200)	8/21/2011 12:29:38 AM
From: The Reaper	5 Recommendations Respond to of 119360

Where were you when Bush was running the deficit from 5 to 10 trillion in relatively GOOD economic times? Bush ran the debt from 5.6T to 9.9T (+4.3T) in 8 years. In GDP terms from 57.6% GDP to 69.6% of GDP Obama and his henchmen have run the debt from 9.9T to 13.5T (+3.6T) and in GDP terms from 69.6% GDP to 93.4% GDP in 2 years. Bush was a piker compared to these guys. Don't you think drastic, emergency action isn't warranted? I hate it when people use the words deficit and debt the wrong way.