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Serious Debates & News Debate and discussion about political, moral, philosophical, celebrity and news topics. |
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17-08-2015, 03:40 AM | #1 | ||
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User banned
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I watched a few documentaries lately....no doubt all have some bias
however as much as hes liked in Europe and as much as he seems to talk sense of most topics and appears to be doing well I wonder if he is? the unemployment rate has halved from 10.8 to 5.3% sounds great the stock market appears to have doubled in 5 years, great hes insured tens of poor americans, great BUT the debt is now increasing faster than gdp plus the interest, standing at $18.4 trilion debt has grown by 8 trillion (66%) in 7 years the fact debt is growing faster than gdp is horrifying the US is in the worst 10 nations of debt to gdp ratios the biggest owners of us debt are china and the strongest major nation in the world in terms of debt/gdp is china their debt/gdp rations is a tiny 22%, unbelievable they could pay off all their debts in 3 months lol THE ACTUAL EMPLOYMENT RATE TELLS US MORE, THAT HAS ALSO FALLEN 3% OVER THE 7 YEARS OBAMA HAS BEEN IN OFFICE DUE TO LONG TERM UNEMPLOYMENT AND IMMIGRATION RATES OUTGROWING THE NUMBER OF JOBS CREATED SO IN REALITY MORE PEOPLE ARE UNEMPLOYED NOW THAN 7 YEARS AGO cant help wondering if his recovery is a mirage...Reagans figures were infinitely superior this US debt started spiralling out of control under Nixon as he got rid of the gold standard im hoping obamas investments into infrastructure, roads, education, fracking, health insurance will reap long term economic benefits, but based on these figures on has to wonder how far the US economy is away from another collapse? meanwhile we should be even more worried,our debt per head is the worst of the big nations and 5th worst in the world Last edited by the truth; 21-08-2015 at 12:06 AM. |
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20-08-2015, 09:51 PM | #2 | |||
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iconic
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A great solution to this would be to significantly reduce corporate welfare (which in concept I completely disagree with), and to stop allowing big companes to avoid tax. I reckon that'd generate a good 300-400 billion in America.
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