America is not in decline and actually on the verge of resurgence

kidrocks

Gold Member
Jan 23, 2012
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How can the naysayers possibly dispute this wealth of information? We shall see.




Top five myths about the U.S. economy

http://finance.yahoo.com/blogs/dail...merican-economy--joel-kurtzman-181728603.html

Much has been written about the decline of the U.S. as a world leader since the financial crisis. But despite relatively high unemployment and a widening income gap between the rich and everyone else, growth is accelerating, debt is declining and the banking sector is relatively healthy.
 
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How can the naysayers possibly dispute this wealth of information? We shall see.




Top five myths about the U.S. economy

Top five myths about the U.S. economy | Daily Ticker - Yahoo Finance

Much has been written about the decline of the U.S. as a world leader since the financial crisis. But despite relatively high unemployment and a widening income gap between the rich and everyone else, growth is accelerating, debt is declining and the banking sector is relatively healthy.

Debt is not declining.

Debt to the Penny (Daily History Search Application)
 
From the link:

Myth #1: America is broke

America's private sector is in better shape than it's been in years, and the American consumer is healthier than she or he has been in the past 35 years, says Kurtzman. "On the private side of the balance sheet America is doing just fine," says Kurtzman. The public side is another story, but it's improving. The money America uses to pay its debt has been declining as a portion of GDP every year, "and it's very manageable," says Kurtzman.

This is false.

MW-BI602_debt_g_20130917125319_MG.jpg


U.S. on ?unsustainable? budget course: CBO - MarketWatch
 
How can the naysayers possibly dispute this wealth of information? We shall see.




Top five myths about the U.S. economy

Top five myths about the U.S. economy | Daily Ticker - Yahoo Finance

Much has been written about the decline of the U.S. as a world leader since the financial crisis. But despite relatively high unemployment and a widening income gap between the rich and everyone else, growth is accelerating, debt is declining and the banking sector is relatively healthy.

How much prosperity will it take to buy back our Government, our system of Government, our way of life and our Constitutional freedoms once Obama succeeds in completely transforming America?

Those of you who think this is reason to be optimistic are like the people on the Titanic who found reason to cheer because their favorite deck chairs were available while the ship was sinking.

Idiots.
 
How can the naysayers possibly dispute this wealth of information? We shall see.




Top five myths about the U.S. economy

Top five myths about the U.S. economy | Daily Ticker - Yahoo Finance

Much has been written about the decline of the U.S. as a world leader since the financial crisis. But despite relatively high unemployment and a widening income gap between the rich and everyone else, growth is accelerating, debt is declining and the banking sector is relatively healthy.

Debt is not declining.

Debt to the Penny (Daily History Search Application)








Federal debt is up, but US indebtedness is declining overall | WPRI.com Blogs

Four facts about the national debt you may not know - Los Angeles Times

America?s declining, and improving, debt picture - Slide Show - MarketWatch

Real Recovery: America?s Debt is on the Decline | The Fiscal Times
 
I guess if continual high unemployment, massive debt, deficits, record numbers on welfare are the new criterion for a rewarding economy then yeah.....we're cruising to success.
 

From your link (in Oct. 2013):

Debt held by the public currently stands at about 75% of the GDP and will remain at about the same level next year, according to the latest projections from the Congressional Budget Office. After that, the debt will tick down slowly to around 71% of GDP in 2018, then get back up to 74% a decade from now. In the mid-2020s, the debt will once again start to grow more rapidly, the CBO projects, although such forecasts of the economy a decade hence come with a big measure of uncertainty.

You can't claim that something is declining by then pointing to a projection that says it will one day. When have those projections ever been accurate?
 
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And here you have a great example of what a low information person is (OP)
For anyone, regardless of what they read, to not know that something is missing when someone says "the economy is great"...Jesus Christ...must be 12 years old.
 
The debt being held in the private sector is declining because they are not investing in US production.

Unemployment will go up and down but the real problem is that the labor market is weak and wages are not keeping up with productivity increases. Long term this is trouble.

China is growing very fast but they won't be able to keep pace forever. Our hope is to sell more stuff to China, not to stop China from growing.
 
The debt being held in the private sector is declining because they are not investing in US production.

Unemployment will go up and down but the real problem is that the labor market is weak and wages are not keeping up with productivity increases. Long term this is trouble.

China is growing very fast but they won't be able to keep pace forever. Our hope is to sell more stuff to China, not to stop China from growing.

Absolutely.
And as I have been saying for at minimum 7-8 years, UNDERemployment is a greater problem than unemployment. The sheer number of people earning less than what degrees/experience they have is staggering...and getting worse.
 
the potential of America IS enormous.....we just need to free ourselves from the strangulation of socialism...

if even a rino like Romney had been elected we would be already recuperating from the recession and on our way to a bright future.....but liberal idiots elected the radical left....:cuckoo:
 
the potential of America IS enormous.....we just need to free ourselves from the strangulation of socialism...

if even a rino like Romney had been elected we would be already recuperating from the recession and on our way to a bright future.....but liberal idiots elected the radical left....:cuckoo:

If's and but's were candy and nutz, we'd all have a great Christmas.
 
How can the naysayers possibly dispute this wealth of information? We shall see.




Top five myths about the U.S. economy

Top five myths about the U.S. economy | Daily Ticker - Yahoo Finance

Much has been written about the decline of the U.S. as a world leader since the financial crisis. But despite relatively high unemployment and a widening income gap between the rich and everyone else, growth is accelerating, debt is declining and the banking sector is relatively healthy.
Please explain to me why Congress just raised the debt ceiling if our debt is declining. The cost of servicing the debt may be manageable while interest rates are near zero but you are fooling yourself if you think that will last forever.
 
How can the naysayers possibly dispute this wealth of information? We shall see.




Top five myths about the U.S. economy

Top five myths about the U.S. economy | Daily Ticker - Yahoo Finance

Much has been written about the decline of the U.S. as a world leader since the financial crisis. But despite relatively high unemployment and a widening income gap between the rich and everyone else, growth is accelerating, debt is declining and the banking sector is relatively healthy.
Please explain to me why Congress just raised the debt ceiling if our debt is declining. The cost of servicing the debt may be manageable while interest rates are near zero but you are fooling yourself if you think that will last forever.

You went way...waaaaayy over his head with that one.
 
How can the naysayers possibly dispute this wealth of information? We shall see.




Top five myths about the U.S. economy

Top five myths about the U.S. economy | Daily Ticker - Yahoo Finance

Much has been written about the decline of the U.S. as a world leader since the financial crisis. But despite relatively high unemployment and a widening income gap between the rich and everyone else, growth is accelerating, debt is declining and the banking sector is relatively healthy.

I look forward to what must be your NEXT thread discussing Germany's economic growth under Hitler.
 

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