Comments on: A US Debt Limit that’s Unlmited?!? http://investorjunkie.com/1723/a-us-debt-limit-thats-unlimited/ My Business and Financial Freedom Journey Tue, 15 May 2012 22:04:22 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: We Don’t Have A Revenue Problem, We Have A Spending Problem http://investorjunkie.com/1723/a-us-debt-limit-thats-unlimited/#comment-30265 We Don’t Have A Revenue Problem, We Have A Spending Problem Thu, 30 Jun 2011 13:39:22 +0000 http://investorjunkie.com/?p=1723#comment-30265 [...] today related to the stalemate in Congress, and the artificial debt limit (see my previous post A US Debt Limit that’s Unlimited?!?). Obama once again went on his typical class warfare, and stated the rich need to pay more taxes. [...] [...] today related to the stalemate in Congress, and the artificial debt limit (see my previous post A US Debt Limit that’s Unlimited?!?). Obama once again went on his typical class warfare, and stated the rich need to pay more taxes. [...]

]]> By: Investor Junkie http://investorjunkie.com/1723/a-us-debt-limit-thats-unlimited/#comment-248 Investor Junkie Thu, 11 Feb 2010 20:39:59 +0000 http://investorjunkie.com/?p=1723#comment-248 Some consider China's 7% growth rate bogus, but that's a whole other issue. Some consider China's 7% growth rate bogus, but that's a whole other issue.

]]> By: Amateur Financier http://investorjunkie.com/1723/a-us-debt-limit-thats-unlimited/#comment-247 Amateur Financier Thu, 11 Feb 2010 19:46:24 +0000 http://investorjunkie.com/?p=1723#comment-247 My point was more towards the idea that just because the national debt is high, doesn't necessarily mean that we (as Americans) will suffer as a result. That said, investing in emerging markets seems like a good idea in the long term; China considers 7% a slow rate of annual growth, while most of the developed world would be thrilled with half that. (Gold I'm less sure about; there's been quite a run up, and it's possible they are headed for a crash.) My point was more towards the idea that just because the national debt is high, doesn't necessarily mean that we (as Americans) will suffer as a result. That said, investing in emerging markets seems like a good idea in the long term; China considers 7% a slow rate of annual growth, while most of the developed world would be thrilled with half that. (Gold I'm less sure about; there's been quite a run up, and it's possible they are headed for a crash.)

]]> By: Investor Junkie http://investorjunkie.com/1723/a-us-debt-limit-thats-unlimited/#comment-246 Investor Junkie Thu, 11 Feb 2010 13:29:48 +0000 http://investorjunkie.com/?p=1723#comment-246 Based upon your statements could it be said then you are best to invest in emerging markets and commodities like gold? At least my comment to your response is do we want to become like France and Japan? More than ever we are on the fast track to high debt. This isn't a slow train. Based upon your statements could it be said then you are best to invest in emerging markets and commodities like gold? At least my comment to your response is do we want to become like France and Japan? More than ever we are on the fast track to high debt. This isn't a slow train.

]]> By: Amateur Financier http://investorjunkie.com/1723/a-us-debt-limit-thats-unlimited/#comment-241 Amateur Financier Thu, 11 Feb 2010 02:46:39 +0000 http://investorjunkie.com/?p=1723#comment-241 I'm not terribly worried about the National Debt. SmartMoney, from the Wall Street Journal (no bastion of free-spending government thought) had an article not too long ago maintained that compared to other Western countries, our national debt is, if not small, at least significant lower as a percentage of our GDP than places like France and Japan. This is not to say that having a high national debt is a good thing, I just don't think we're quite as bad as everyone seems to think I'm not terribly worried about the National Debt. SmartMoney, from the Wall Street Journal (no bastion of free-spending government thought) had an article not too long ago maintained that compared to other Western countries, our national debt is, if not small, at least significant lower as a percentage of our GDP than places like France and Japan. This is not to say that having a high national debt is a good thing, I just don't think we're quite as bad as everyone seems to think

]]> By: Planting Dollars http://investorjunkie.com/1723/a-us-debt-limit-thats-unlimited/#comment-212 Planting Dollars Sun, 07 Feb 2010 05:00:10 +0000 http://investorjunkie.com/?p=1723#comment-212 I'm not looking forward to paying my current portion of the debt... over $30k already at this point. Maybe make it mandatory for politicians to be self made business owners who understand the value of a dollar and also who have a campaign that includes adding PF education to every school curriculum. I'm not looking forward to paying my current portion of the debt… over $30k already at this point. Maybe make it mandatory for politicians to be self made business owners who understand the value of a dollar and also who have a campaign that includes adding PF education to every school curriculum.

]]> By: FinEngr http://investorjunkie.com/1723/a-us-debt-limit-thats-unlimited/#comment-211 FinEngr Sun, 07 Feb 2010 03:35:57 +0000 http://investorjunkie.com/?p=1723#comment-211 IJ: Solution Suggestion #1: Stop helping others. Why: Remove the manifest destiny complex, the US govt is not the solution to everyone's problems (abroad or within). How: Intl - Reduce presence in foreign countries. Do you know how many US bases we have around the world? And how much each of those are costing a year? How much foreign aid to we provide, yet how many of those programs are truly effective? Local - Reduce special interest earmarks. Social programs are a necessity, but are not there to provide permanent reliance for every single condition. We're spread so thin that our resources aren't OPTIMIZED. Instead of trying to solve every problem in the world, focus efforts on select programs and making them work. IJ:

Solution Suggestion #1:
Stop helping others.

Why: Remove the manifest destiny complex, the US govt is not the solution to everyone's problems (abroad or within).

How:
Intl – Reduce presence in foreign countries. Do you know how many US bases we have around the world? And how much each of those are costing a year? How much foreign aid to we provide, yet how many of those programs are truly effective?
Local – Reduce special interest earmarks. Social programs are a necessity, but are not there to provide permanent reliance for every single condition.

We're spread so thin that our resources aren't OPTIMIZED. Instead of trying to solve every problem in the world, focus efforts on select programs and making them work.

]]> By: FinEngr http://investorjunkie.com/1723/a-us-debt-limit-thats-unlimited/#comment-210 FinEngr Sun, 07 Feb 2010 03:28:02 +0000 http://investorjunkie.com/?p=1723#comment-210 Amen MR. You see the line: "It's the Christmas gift that keeps..." Amen MR. You see the line: "It's the Christmas gift that keeps…"

]]> By: Money Reasons http://investorjunkie.com/1723/a-us-debt-limit-thats-unlimited/#comment-198 Money Reasons Sat, 06 Feb 2010 04:47:04 +0000 http://investorjunkie.com/?p=1723#comment-198 I think the politians (both parties) aren't even focusing on the hard issues... I've become so discourage with our government :( Instead they focus on the same party line bills, that have been defeated in the past and isn't desired today. Like health care and the attempt to overturn abortion. Thare are more important things to focus on, let's try to get those accomplished!!! I think the politians (both parties) aren't even focusing on the hard issues…

I've become so discourage with our government :(

Instead they focus on the same party line bills, that have been defeated in the past and isn't desired today. Like health care and the attempt to overturn abortion. Thare are more important things to focus on, let's try to get those accomplished!!!

]]> By: Investor Junkie http://investorjunkie.com/1723/a-us-debt-limit-thats-unlimited/#comment-192 Investor Junkie Fri, 05 Feb 2010 22:46:12 +0000 http://investorjunkie.com/?p=1723#comment-192 Ok what are you recommendations to do to protect yourself personally? Ok what are you recommendations to do to protect yourself personally?

]]> By: Financial Samurai http://investorjunkie.com/1723/a-us-debt-limit-thats-unlimited/#comment-191 Financial Samurai Fri, 05 Feb 2010 22:43:00 +0000 http://investorjunkie.com/?p=1723#comment-191 Ridiculous! We will never control our spending, b/c politicians don't have to pay for anything. Love it. Ridiculous! We will never control our spending, b/c politicians don’t have to pay for anything. Love it.

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