Major Debt?

[Sogeking]

http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2004/09/12/MNG2S8NOI21.DTL

read and discuss, i already did a 'report' on this so ill post later in the thread

 

[Gedrin]

The Japanese force people to save their own money. This actually works unlike the pyramid scheme our government relies on to deal with retirement. People on private pensions will be fine, others will get ass raped.

What did you think would happen when you lower taxes and spend too much money after a major financial crisis?

If this does happen education will be the first thing to go, rich politicians don't care about other peoples kids no matter how many babies they may kiss. Taxes go up resulting in a decrease in savings especially for the working class. Again we'll see an impact in schooling when less people can afford a higher education.

Just remember if we get pulled into a depression all of you non americans will be affected too when america pulls everyone down with them.

Which could happen if a panicking government decies to raid the federal reserve, or starts printing extra money.

 

[Lwek]

The money deficit runs in the Bush family.

The Americans should do, again, one of those "Donate 1 usd to the people in the Middle East".

 

[N[U]TS]

The money deficit runs in the Bush family.

The Americans should do, again, one of those "Donate 1 usd to the people in the Middle East".

but yet u can not give clintion 100% credit for getting us out of dept. Clintion's cheif financial advisor came out and said the economy strated to slip about a year before Bush took office. Hell u cant be 100% sure with who did what since some of the bills etc they pass take a while to go into effect.

and im sure with the corruption with enron had a part with all this crap in the stocks.....

all im really trying to say is dont point fingers unless you are 100% sure it was their fault. Plus u just cant blame the president..... the cabnet helps the president out as well .

 

[Kamikaze]

these people should have been saving for their retirement from the day they started working.
i don't trust the governement any furhter than i can throw them.
i don't expect any money to be there me when i retire, so i put $3000 dollars a year into rrsp's.