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Reply #6


Response to Always Randy (Original post)

Mon Nov 12, 2012, 10:48 AM

6. For 2014 and 2016

it will primarily be about the economy. Without economic growth the Democratic brand will be mud in these elections. Romney had an insane proposal to cut taxes even further when we are looking at a current $1T debt, but if the debt grows to $20B and interest rates go up? $20T at 6% interest rates = $1.2T. You will also be paying off S.S. Treasury Notes with general revenue. How much will Sandy cost as well?

Lots are people are pretty cavalier about the debt on this this board, but some facts to think about. We have no divine mandate to be the reserve currency. What happens when the other economies recover and drive interest rates up?

We own the economy now.

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Replies to this discussion thread
Arrow 8 replies Author Time Post
Always Randy Nov 2012 OP
valerief Nov 2012 #1
JustAnotherGen Nov 2012 #2
occupymybrain Nov 2012 #3
frazzled Nov 2012 #4
dmosh42 Nov 2012 #5
LineNew Reply For 2014 and 2016
exboyfil Nov 2012 #6
SpartanDem Nov 2012 #7
ROBROX Nov 2012 #8
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