View Single Post
Old 09-11-06, 09:27 AM   #19
Mazer
Earthbound misfit
 
Mazer's Avatar
 
Join Date: May 2001
Location: Moses Lake, Washington
Posts: 2,563
Default

What I'm saying, Malk, is that the Democrats can undo all the economic progress this country has made in the last six years.

By personal savings I'm not just talking about your checking & savings account at your local bank. I'm including individual retirement accounts, stocks, mutual funds, certain types of bonds, and any other place people put their money away. In desperation people may begin drawing on these savings before they reach maturity, incurring penalties and putting their futures in jeopardy at the same time.

Medical insurance is very high, but people who really want it can and will find ways to pay for it. I wonder how long that will last.

Things can always get worse, and you may have noticed how things were just starting to get better.

knife, just because the government is in debt doesn't mean the people are. Federal fiscal policy and America's economy intersect at the Federal Reserve, so the government debt affects interest rates. But other than that the government can only improve the economy directly by decreasing taxation. Unless you're willing to give up on a lot of important social programs, it's near impossible to decrease the national debt and improve the economy at the same time. I just don't see that happening before the next general election.

Last edited by Mazer : 09-11-06 at 09:42 AM.
Mazer is offline   Reply With Quote