Discussion in 'Mayberry Lounge' started by Hanz_Blitz, Dec 24, 2012.
I don't live in Merica but could somebody give me a run down on all the fuss?
We spend more than we take in.. it's gotta give sometime. That's why you stock on guns, ammo, food, water, tools.
So why would the world fall into terrible debt if you just started spending based on exports?
Direct yourself to the war room.
War Room has all the answers.
It was a term coined by Bernanke for a bunch of automatic spending cuts and tax increases that we imposed on ourselves if we didn't have our budget deficit problem under control by January 2013.
It's a big deal because if we don't do anything (like raise the debt ceiling or extend some of the Bush tax cuts) it'll send us back into recession.
Sorry for posting in Mayberry, if any mods wanna move the thread that'd be awesome
Well you see, the term is a scare tactic. If anything we went over it four years ago.
Basically, if we don't do anything, everyone's taxes will go up.
President Obama is trying hard to get America back on track.
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