Hi Gang:

As of now ,it looks like Obama will win the Democrat nomination for President.

In doing so Obama has promised everyone the moon;he gonna give you this ,he's gonna give you that.

But I have one small question...where's he gonna get the money to pay for all these great programs and promises???

As you all know[or should know]; Government has NO money of its own.

The only money that Government has is that which it must first take from you ,in the form of taxes.

The only other way is for Government to cut other services that Government is currently now providing.

The only way Obama can provide all of these goodies he's promising is to either increase taxes drastically...or cut current services drastically.

There is no other way .

So get ready for higher and higher taxes...but you're gonna get serviced; boy are you gonna get serviced.

hippolips

And how,exactly, is Mrs Clinton going to pay for her plans ?

Who is paying for US troops to spend the next 100 years in Iraq, as McCain has suggested they will do? Who is paying for the $600 give-away that taxpayers will be getting in May?

Of course we are going to pay for it, Hippo; it's our country. Every 4 years we hire someone to run our country. Once we do that, like it or not, we have to pay for what the manager spends. That's how it operates and how it has operated since 1835, the last time the US was not in debt. However, if you want to get technical, we, meaning those alive now, aren't paying for it. We're paying for WWII, Vietnam, welfare, Korea, the 400% increase in the nation's debt due to Reagan and Bush I, the multi-million dollar Whitewater investigation, $500 screwdrivers, and a couple of other things. We paid for Jerry's Ford's swine flu vaccination shots for us all, which killed more than the flu did. My son's children or grandchildren may have to pay for whatever the next president decides to do. He, of course, will be saddled with a trillion dollar war that accomplished nothing good.

I recall the 1988 election, in which one guy admitted that taxes needed to be raised, and the other said, famously, "Read my lips. No new taxes." We, of course, elected the guy who told us what we wanted to hear, not the guy who told us the truth. Between that guy we elected and his predecessor, the national debt increased fourfold.

'The National Debt has continued to increase an average of $1.54 billion per day since September 29, 2006!' www.brillig.com

Actually paying for stuff is so old-fashioned.

quote:

There is no other way.

As DG and Fred point out, of course there's another way - borrow like crazy.

quote:

Originally posted by newnickname:
'The National Debt has continued to increase an average of $1.54 billion per day since September 29, 2006!' www.brillig.com

Actually paying for stuff is so old-fashioned.

quote:

There is no other way.

As DG and Fred point out, of course there's another way - borrow like crazy.

Don't worry: the Chinese government will keep on lending The amount lent to major economies by foreign governments is set to triple in ten years, according to BBC World today. The reporter said, understandably, that this prospect was met with mixed reactions. Our Prime Minister, himself a long serving finance minister ("Chancellor of the Exchequer") before his elevation, has been in China recently aiming to get us a bigger share. American voters, on the other hand,may worry that this investment may lead to the investors having an undue influence in America's affairs.

Americans seem wary of foreign ownership of US businesses, in any case . (Perhaps they'd care to investigate just how much of the stock capitalisation of NYSE quoted companies is foreign owned, before worrying about who may own a port. They could start with Saudi Arabian holdings )