Comments on: Markets Drop Amid Mortgage Worries

Dow Falls 128 Points As Investors Assess Dangers Faced By Freddie Mac, Fannie Mae

[lovegetpeace]

Posted by mbcsmith at 02:59 PM : Jul 11, 2008

The Federal Debt each year is passed on to the next fiscal year. The GDP is renewed each year. Yes, it is higher but that higher number must carry the massive accumulated debt of prior years.

At some point (we are on it now) that accumulated massive debt is so big compared to today GDP that Chapter 13 is the only way out.

[ianlou]

Bush is a Schleprock. Everything he has ever touched has turned to Crapp from his C- college days to his failed Texas businesses. Can you name one President who has had so many disasters during their presidency? A botched election, 911, Mission Accomplished - not, wmd farce, unending war, CIA outing, Osama Bin Forgotten, Fired Fed Prosecutors, Kenny Boy Lay, Katrina and Browny, Illegal Alien Invasion, Halliburton thieft of $3 Billion, Dead eye Dicck Cheney and his shot gun, doubled national dept, ruined dollar, poison toys, poison food, health care crisis, ruined manufacturing base, mortgage crisis, energy crisis, middle class income slide, inflation, recession. Did I forget anything?

The presidency should be like every other job out there, If you suckk at it, you should be fired.

[rwassel]

Hey all you right wing whackjobs on here who keep pointing to the 9% approval rating in Congress, as if they are to blame for this mess. Why don''t you tell the whole story:

"Democrats still enjoy a 12 percentage point lead over Republicans on Rasumssen%u2019s generic congressional ballot, despite the negative views of Congress as a whole."

Rasmussen Report, 7/8/08

Typical right wing propaganda - lie, twist, and fabricate the information to get their point across. Nice try, but no one is buying it...

[lovegetpeace]

Hey mbcsmith,
"As a percentage of GDP, the national debt is still historically low. The more you make, the more you can borrow."

Yes, the Federal Debt each year is about 2 or 3 percent of GDP for that year. However, what happens when you compound with interest that 2/3 percent each year for 25 years? GNP is renewed each year but the debt is carried over from the year before.

Please follow me and I will follow you.

[mbcsmith]

Yes, the Federal Debt each year is about 2 or 3 percent of GDP for that year. However, what happens when you compound with interest that 2/3 percent each year for 25 years?

Please stick with me and follow me.


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Posted by lovegetpeace at 02:52 PM : Jul 11, 2008


The same thing that happens when the GDP grows each year by the same rate. As you say, the debt to GDP ratio hasn''t changed.

[lovegetpeace]

Folks,

What happened to my buddies mbcsmith and Dumbocrat?

Do you have to evacuate because a California fire is close to their homes?

[mbcsmith]

BTW, if the deficit is ''''insignificant'''' compared to GDP, why don''''t we turn that insignificant deficit into an insignificant surplus? Supply-siders always lose their lunch when I make that suggestion. Its called, ''''put up or shut up!''''


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Posted by ubrew12 at 02:55 PM : Jul 11, 2008


We agree, unbelievable. Write your LIB congressman today. and tell them to STOP SPENDING OUR CHILDREN''S FUTURE!

[ubrew12]

mbcsmith said: "As a percentage of GDP, the national debt is still historically low."
The deficit is low. the debt is huge.
BTW, if the deficit is ''insignificant'' compared to GDP, why don''t we turn that insignificant deficit into an insignificant surplus? Supply-siders always lose their lunch when I make that suggestion. Its called, ''put up or shut up!''

[stevex47]

Economy''s strong, you''re all a bunch of whiners....

John McSame

[lovegetpeace]

Posted by shanev137 at 02:53 PM : Jul 11, 2008

Let all start the impeachment process right now before it is too late.