Originally posted by: eskimospy
Originally posted by: Pliablemoose
Prior to 9-11 we were headed for a correction, after 9-11, we bandaged the economy and blew all common sense out the window with moronically devised mortgages and personal finances.
We'll pay for this mistake for a long time....
Peeps in CA are still flipping houses, it's goddamn insane...
As far as the OP's question, the Democrats should be afraid, we can only heap so much debit on our children.
I hear this a lot. How do you think we're 'heaping debt on our children'? Do you think our children are going to have to build cars and send them back in time to 2009 to repay our debt? The vast majority of our debt is internal debt, meaning we owe it to ourselves. We'll get by with the goods and services we produce as a country in the future the same way we get by today.
I'm not sure what you mean by "we", but if the government is steering the nation into debt, I'm pretty sure the money is gonna come out of the tax payer's pocket, regardless if the debt is external or internal. How is one better than the other?