bankruptcy faq
I need some help explaining the wealth of the economy…?
If I recall correctly, Bush entered office with a budget surplus. Now, not only do we have a deficit, but Bush has single-handedly run up half as much debt as all the other presidents in history combined. These are facts.
http://www.brillig.com/debt_clock/faq.html
Now here’s the confusing part… Republicans seem to assert that the economy has never been better, yet no efforts so far have paid even ONE dollar back into the debt. Now, if -I- had a debt which was always growing larger and never growing smaller, it would think that was a pretty serious problem.
I mean, it’s nice if the stocks are high (if you’re richer than me and can afford stocks), and it’s nice that people have jobs and all, but if the sum of that equation brings us closer to bankruptcy every day, why DOESN’T that mean the economy is sick?
well… the economy can be defined many different ways… this is one trick… which ever party is in office has a funny way of only noticing the things that are good, and ignoring the bad…
so, people that say the economy is great, are ignoring things like dropping construction, housing and house re-sale costs… and things like the trade deficit, which is a real problem…
they do throw around things like the stock market, which the vast majority of the market only benifits the top 20 percent of America… and unemployment, which is low, but still higher than when Bush went into office (4 percent vs. 4.4 percent)…
the national debt is also a problem… as it is growing… Republicans have cut back spending some recently, yet they are still spending more than they take in… by quite a bit…
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