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Sev
05-23-2011, 06:40 AM
Got to the website to observe the comparative charts. Its not good.

http://danieljmitchell.wordpress.com/201..._medium=twitter (http://danieljmitchell.wordpress.com/2011/05/22/mirror-mirror-on-the-wall-which-nation-has-the-most-debt-of-all-2/?utm_source=twitterfeed&utm_medium=twitter)

<span style="color: #000000">Mirror, Mirror, on the Wall, Which Nation Has the Most Debt of All?

May 22, 2011 by Dan Mitchell

Last night, I spoke at the closing dinner of the European Resource Bank. My message was simple and straightforward: Entitlement programs are killing the developed world.

That’s not exactly a surprise, but what may be shocking is America’s relative position. In my remarks, I shared with the audience some data from a 2010 study by the Bank for International Settlements, and I’m including below charts directly copied from the study.

The charts show projected debt as a share of GDP in 12 nations. The top line is the “baseline estimate” and the lower lines show what will happen if nations limit entitlement outlays. (you can click on the different charts for a clearer image)

Amazingly, the long-term position of the United States is worse than either Greece or Portugal. Indeed, the only nations in more trouble than the United States are Japan and the United Kingdom.

Something to keep in mind next time you hear Obama, Reid, or Pelosi http://danieljmitchell.wordpress.com/2011/04/21/would-you-prefer-privatization-or-a-death-panel/ demagogue against Congressman Ryan’s Medicare proposal. http://danieljmitchell.wordpress.com/201...a-and-gingrich/ (http://danieljmitchell.wordpress.com/2011/05/17/whos-right-on-medicare-reform-ryan-and-rivlin-or-obama-and-gingrich/)

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LWW
05-23-2011, 03:43 PM
The leftists will ignore this as they use their collectivist wits trying to figure out how to get the Chinese to buy more bonds.

pooltchr
05-23-2011, 03:52 PM
The leftists are lunatics!

It's really that simple.

Steve

cushioncrawler
05-23-2011, 05:06 PM
Everything here (there) iz bullshit.
The questions are bullshit, the facts are bullshit, and the answers are (surprize surprize) bullshit.
mac.

Sev
05-23-2011, 07:43 PM
A well fed bull always shits.

Stretch
05-24-2011, 12:23 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Sev</div><div class="ubbcode-body">A well fed bull always shits. </div></div>

Booze, broads, and bullshit. If you got all that, what else do you need? /forums/images/%%GRAEMLIN_URL%%/grin.gif St.

LWW
05-24-2011, 03:15 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Stretch</div><div class="ubbcode-body">Booze, broads, and bullshit. If you got all that, what else do you need?</div></div>

Wasn't that Ted Kennedy's 1980 campaign slogan?

Sev
05-24-2011, 05:55 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Stretch</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Sev</div><div class="ubbcode-body">A well fed bull always shits. </div></div>

Booze, broads, and bullshit. If you got all that, what else do you need? /forums/images/%%GRAEMLIN_URL%%/grin.gif St. </div></div>

Younger woman, faster horses and more money??