So the Vice President Says We have to Spend alot of money to avoid bankrupting the county?

Contrary to the popular belief of other answerers, Capitalism is not spending money. Capitalism is INVESTING money in the hopes that you will get a return for your money. Whether it be a small business, stocks and bands, or real estate, the idea is that you "spend" money to MAKE MONEY.

The chief, common sense, most fundamental aspect of Capitalism is this: YOU DO NOT SPEND MONEY WHEN YOU DO NOT HAVE IT!

DUH! DUH! I wrote duh twice because this administration and the other people who answered this question just do not get it! the U.S. is not bankrupt, but spending so irresponsibly at the rate Obamatard and the liberal controlled Congress are spending WILL put a huge tax burden on us and our children for generations.

At one time long before Hussein Obama assumed his role as "the savior", this was a 13 trillion dollar economy. CBO and every other legitimate source still considers it a 13 trillion dollar economy, but in truth it is less than a 9 trillion dollar economy. The deficit is larger than our yearly GNP. This is a dangerous fact when you consider the trend of this moronic administration spending as if they owned all of the gold, diamons, and oil on earth. To make matters worse, CBO projects that by 2019, an additional 10 to 15 trillion will be added to the deficit. By 2019, each one of us will be responsible for paying off a 20 to 25 trillion dollar debt in onerous taxes - basically the government will be stealing money from us that they did nothing to earn. We will not get any return on that "investment."

LOL. Yahoo Answers has been around for years now and there are still only a scarce few that understand basic economic principles.

Investing money is not the same as “spending” it.

The CBO is wrong when it says we will add 10 to 15 trillion to our debt by 2019. That means we will run annual deficits of 1 to 1.5 trillion. WHO’S GOING TO FINANCE THOSE DEFICITS? China? Nope! Japan? Nope! They and other countries that have large investments in our Treasuries are already very nervous about our deficits and our debt. They’re not going to go along with our ruinous spending. When interest rates spike, which they will, we’re going to have to cut back on our spending because the market for our Treasuries will dry up. We will have to resort to near-confiscatory taxation to stay afloat and that will ruin our economy, which will then shrink, because no one will have any money to invest; and if they do, they’re not likely to invest it here.

I tried to make myself believe Obama is not a socialist, but I think now he is. Add in his National Security Force, and he will be a certifiable Marxist.

Roadhazzard – Boy, if that’s not analogous to what our elected imbeciles are doing, I don’t know what is.

To paraphrase an old saying during the Viet Nam War,

Borrowing Money to get out of Debt is like Screwing for Virginity.

What money? The tyrants are printing as fast as they can. But even at that rate it still isn't enough to satisfy their greed leaving us with only unemployment and stacks of bills.

Nuts? No. Hating this country and trying as hard as they can to destroy it? Not just the economy but with every move and policy they have forced on us. With their printing money at a rate unheard of without nothing to back it up they have doomed this country putting it past to point of return. Hell will burn hotter for ones as they.

Yes, Obama is nuts....the Vice President, he's clueless.

maximum economic experts are waiting for extra effective than serious inflation. Peter Schiff, the economic guru that anticipated the housing crash, expects massive inflation. Warren Buffet called "cap and commerce" a tax on the undesirable. usa funds workplace even mentioned our deficit is starting to be at a lots quicker p.c.. than the economic gadget and is unsustainable. that's what social courses do. England and France have huge expenses because of the fact of usual Healthcare. Canada has huge expenses because of the fact of usual Healthcare besides. Why do you think of they assume us to apply our militia to guard them? Our debt is going to upward thrust to ranges like Japan. Japan nonetheless hasnt and wont get well because of the fact the Nineteen Nineties. The debt on my own is going to reason massive job losses and employer will flow someplace else. Taxing the people by way of "cap and commerce", taxing employer vendors, taxing peoples pay assessments to pay for healthcare...could even make it worse. count type this MINOR turnaround as VERY short lived. i does no longer spent a dime on something besides gas, food, and shelter. Im attempting to initiate a city-huge pc restoration employer because of the fact cap-and-commerce has been written to create an enduring recession. Making the international a complicated place to stay doesnt sparkling up something. Taxation will deliver approximately the shortcoming of freedom and the yankee dream. agencies will flow someplace else. Cap-and-commerce is going to be an costly lesson to the yankee people and height oil is going to hit frustrating. Goodluck.

Cadcammando... your answer gives me hope that the majority of people on YA are not all imbeciles. At one time they use to teach basic economics in high school judging by some of the answers those days are long gone

Ahh.. That is Washington Legalize for .... Come all ye democrats for the feeding binge.

I am now a proud democrat looking for line to the festivities.

Reminds me of that famous quote from the Vietnam War. "We had to destroy the village in order to save it".

I think Obama doesn't quite understand the economics of it all. Biden, just doesn't understand, it.