10-12-2012, 01:08 AM
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#238
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Goon Squad Leader
Join Date: Nov 2004
Location: Seattle
Posts: 27,063
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Quote:
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Originally Posted by adak
Quote:
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Originally Posted by bigv
Much of the recovery to date has been on two main fronts: an increase in employment and production and consumption, *and* a reduction in personal debt. There would be more growth, but as a country as individuals across the country, as we make our own individual economic decisions, we create a national picture of improvement that is less vigorous than it could be since, we're living somewhat BELOW our means and using the difference to reduce our indebtedness. This makes things look worse if you consider only growth, but we've had growth PLUS less debt. This is good. But, then again, we're talking about how his tax plan does stuff, not about the money supply.
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You're mixing national debt, with personal debt (which has gone down sharply). Romney's message is trying to be clear and plain to people who don't know about the need for the speed of money, and how it adds to our economy. Most people I talk to know NOTHING about that. |
You're right, I misspoke, I've corrected the text to more accurately reflect my thoughts.
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