Originally posted by: classy
I am going to love reading these kinds of threads over the next 8 years. Its going to be great. Hey want some whine with the cheese fellas? LOL
And in 25 years when the US collapses because of financial problems.
Yeah Bush added $8trillion to the national debt over 8 years. Obama is going to add far more than that. And add in not fixing social security and medicare, well the US is in for one rocky ride.
This stimulus package is just as bad as Bush's stimulus tax refunds and back bailout.
We are just delaying inevitable problems. We are just making long term problems even larger.
Between 8 years of Bush and 4-8 of Obama(we've already seen what hes going to do spending wise), add in Social Security and Medicare. Well the United States will be on a much quicker path to financial destruction.
Short term, the stimulus package wont work in all likelyhood. Long term, we are in for a situation far worse than any other economic recession/depression the US has faced. Easily 2-3 times worse than the great depression.