Situation in the usa

[FallenPaladin 0]

I`ve seen it the last two days in our german news that the USA has terrible problems regarding money. Exactly they have no more money since Bush jr. is President. They even don`t imprison gangsters any more because they can`t put them into prison because of money reasons. Even the schools send their pupils to summer holiday 3 weeks earlier than normal because they have no money for teacher and busdriver and so on. That`s sad and scary.

Is there someone from the USA here who can provide us with more details? What is Bush jr. going to do because of that? Are you still following him at all costs?

[Koolkid101 0]

I`ve seen it the last two days in our german news that the USA has terrible problems regarding money. Exactly they have no more money since Bush jr. is President. They even don`t imprison gangsters any more because they can`t put them into prison because of money reasons. Even the schools send their pupils to summer holiday 3 weeks earlier than normal because they have no money for teacher and busdriver and so on. That`s sad and scary.

Is there someone from the USA here who can provide us with more details? What is Bush jr. going to do because of that? Are you still following him at all costs?

Whaaa? our middle school extended our school year, and the only reason we can't imprison whitey bulger is cause he scares too many people with his death pits. I still have enough allowance to get 6 things from the dollar store!

[Koolkid101 0]

I`ve seen it the last two days in our german news that the USA has terrible problems regarding money. Exactly they have no more money since Bush jr. is President. They even don`t imprison gangsters any more because they can`t put them into prison because of money reasons. Even the schools send their pupils to summer holiday 3 weeks earlier than normal because they have no money for teacher and busdriver and so on. That`s sad and scary.

Is there someone from the USA here who can provide us with more details? What is Bush jr. going to do because of that? Are you still following him at all costs?

No money for teachers??? Teachers got a frigin pay raise, while regular workers got cut and layed off. TEACHERS AND BUS DRIVERS GOT IT EASY, its the regular folk who could use some more money in their pockets.

[bn880 5]

I don't know abotu all this money stuff, but the US economy is suffering quite badly.

[Koolkid101 0]

The only thing I see worsining is all the suing, people are suing the prisons for not providing TV's, Doctors are being drivin out by lawsuits, thats horrible, medical care is worsining in Vermont.

[Koolkid101 0]

I don't know abotu all this money stuff, but the US economy is suffering quite badly.

yeah, the economies pretty bad, jugding that IBM layed off 1/3 of their 9,000 Workers. Their the biggest employer in Vermont, and their located where I live Essex Junction. Small Businesses in Essex are going out of business, while Walmart, and Best Buy in Wiliston are booming.

[DracoPaladore 0]

I remember hearing about a debt clock timer or something like that being shut down because it was getting over the few trillion mark.

Any confirmation on this?

[Koolkid101 0]

I remember hearing about a debt clock timer or something like that being shut down because it was getting over the few trillion mark.

Any confirmation on this?

The debt is big yes.

Edit God what are they teaching us in school? My grammer and spelling sucks. Reminds me of the simpsons episode where homer goes to the univeristy and says I'm so smart sart, oh wait, its smart.

[Placebo 29]

I'm sure I read that when Clinton left office there was a surplus running into trillion dollar type figures, or am I remembering incorrectly? Obviously Sept 11th and the ensuing conflicts would have cost a fair bit.

[Koolkid101 0]

I'm sure I read that when Clinton left office there was a surplus running into trillion dollar type figures, or am I remembering incorrectly? Obviously Sept 11th and the ensuing conflicts would have cost a fair bit.

No I think it was a month before Clinton left the economic slump started....... At least thats what I think

[Ex-RoNiN 0]

Regarding the economy of the US, Bush is merely copying Reagen's policies, they are well proven and have worked in the past

Clinton was economically the best president the US ever had, he turned a deficit into a surplus.....then he left office, and now it seems your economy is back at square 1.

Koolkid, instead of replying to each sentence with a new post, why don't u use one post for replying to several sentences, ey?

[Koolkid101 0]

Regarding the economy of the US, Bush is merely copying Reagen's policies, they are well proven and have worked in the past  

Clinton was economically the best president the US ever had, he turned a deficit into a surplus.....then he left office, and now it seems your economy is back at square 1.

Koolkid, instead of replying to each sentence with a new post, why don't u use one post for replying to several sentences, ey?  

Big thoughts come into slow in my brain

[Tex -USMC- 0]

*looks out window*

Nope, we're doing okay, all things considered. The economy ain't great, but luckily the politicians only have so much control over it.

[SpeedyDonkey 0]

Quote[/b] ]Clinton was economically the best president the US ever had, he turned a deficit into a surplus.....then he left office, and now it seems your economy is back at square 1.

Im no expert on the subject but imo clinton was a little lucky considering that the business cycle was increasing in most western countries. But sure, his politics surley didn't oppose welfare  

[Grey Fox 0]

Here is the link to the National Debt Clock

I'm wondering why more isn't being done. I mean over 6 trillion $. I mean wow..... I'm not sure if any other country can beat that..........

[SpeedyDonkey 0]

Fox, it's alot, but alot of countries are in debt to US too

[FSPilot 0]

There's an impression around the world that Clinton had given us a giant surplus before he left office. That's not true. He had given us a projected surplus. In other words, he set up a profit and said that after a few years we'd have this much money.

Now, add in a recession, September 11th, two major wars. Yes there is a problem but it's not all Bush's fault.

Also, it takes around 4 years for any economic changes to take effect. So Clinton was really riding on Bush Sr.'s economic plan for his first 4 years. Then the recession actually started during Clinton's term and carried on into Bush's.

If I understand it right that is.

[Renagade 0]

u could always move to iraq ;)

[FallenPaladin 0]

Nope, better not .

[FSPilot 0]

They've got the whole "hate America" thing going on over there.

[FallenPaladin 0]

That doesn`t make Iraq cozier for me. ;)

[nolips71 0]

serves bush right for wasteing money on things like the F22 that they dont need.

[Assault (CAN) 1]

Quote[/b] ]Clinton was economically the best president the US ever had, he turned a deficit into a surplus.....then he left office, and now it seems your economy is back at square 1.

Ahem, we have a surplus in Canada, but it isn't money the government has earned. It's our (Canadian taxpayer) money. The Liberals got it through raising taxes and cutting back on all sorts of programs, and Chretien has the balls to say that he's a better PM than most for doing it.

Didn't the Democrats in the U.S. do something similar?

The economic recession started in the Clinton era, so I don't know why people are blaming bi-partisan politics for it, it's not like the government has 100% control of the economy, all they can do is try and influence it. I'm definately no economist, but wasn't the economic growth a false one? Didn't people start investing all kinds of money into dot.com industries which created a sort of 'false rise' in the economy? Then didn't the bubble burst because people didn't actually use internet services? Isn't that how the tech. industry got screwed?

Anyone remember Pets.com? What a joke.

Quote[/b] ]serves bush right for wasteing money on things like the F22 that they dont need.

Where's a :roll eyes: emoticon when I need one.

That program has been underway for more than a decade.

Tyler

[SpeedyDonkey 0]

Where's a :roll eyes: emoticon when I need one.

[ralphwiggum 6]

I usually don't post thesedays on matters like this, but as a student of Economics phD program, I would like to make some comments.

1.National debt clock. It was made by a person who wanted to alert the public about how big of national debt is. It was taken off sometime in late 90s since it served its purpose.(the maker died in early 90s). It was recently back. Just for note, in Clinton's era, national debt was NOT 0, but the growth rate of it was 0. In current administration, it's back up on positive side(growing debt).

2. about economy. In US, there are 3 tiers of gov't and you can not lump all of their fiscal state in one. local, state, and federal gov't have different sources of revenue and that might give wrong impression. For some states, they are still secure so don't need to worry about, while some other states have fiscal problems so they stopped hiring LEOs and cut back on social services while raising taxes. So if you hear about US economy from abroad, make sure you distinguish the gov't that they are talking about.

2.1. about general economy as a nation. so far, we are not in complete upswing. the recession officially started in March of 2001, and IIRC correctly, went all the way till Sept. 2001(Could be wrong on this) Who officiates a recession? NBER - National Bureau of Economic Research(http://www.nber.org). One of their announcements backs my statement.

So in other words, Clinton was undoubtly the best president(with a little bit of luck) in terms of Economic policy. his 14 billion dollar federal gov't spending cut in his first few years in office did its share. although it affected a lot of federal gov't services, it made up for spectacular growth in economy.

When Clinton left the office, it was projected surplus. and now, with Bush, it is projected deficit. Problem? for this to happen, you have a small amount of change from having a little more fiscal buffer to having none or negative. add some interest rate, policy(spending), then it becomes projected figure, and if projected figure is negative(deficit) then the gov't is spending a little more now that will resonate through future periods.

The problem with current federal gov't is that they have so many spending, and is relying on economic analysis that assumes a lot of things to go right, and those things have less of a chance to be realized.

and FSPilot, don't say it takes certain years to change effect. it maybe true under some very strict circumstances, but it will bite you back. Republicans seem to love idea of saying such things, and I can guarantee you that if economics gets better before next presidential election, it will bite back. you said it takes 4 years to see effect of gov't policies - if economy recovers before next presidential election, then you are saying Clinton's legacy is what kept Bush in office, and Clinton administration's "fault" was not his fault, but a lie from Republicans.