Just Curious....

[Rich Z]

Hmm, so does accumulated debt every year just go away?

I just read an article in the newspaper a few minutes ago stating that the US government is borrowing more than $100 BILLION per MONTH just to pay current bills. That means every month this country is getting deeper and deeper into debt, and apparently no end in site.

How could any company operate in such a manner?

Furthermore, is borrowing money from China all that wise of an idea?

Anyway, back to topic, as for Governor Scott, I'm not sure what to think of the man. Certainly the opportunity to reduce government without pain to SOMEONE has long since passed. You just can't reduce government now without cutting out spending on services and the people who work to provide those services. So obviously anyone who campaigns on a promise to reduce government has little choice in how to accomplish that goal.

[vett boy]

[quote=Rich Z;1391

Anyway, back to topic, as for Governor Scott, I'm not sure what to think of the man. Certainly the opportunity to reduce government without pain to SOMEONE has long since passed. You just can't reduce government now without cutting out spending on services and the people who work to provide those services. So obviously anyone who campaigns on a promise to reduce government has little choice in how to accomplish that goal.[/QUOTE]

Most states are faced with the same problem .Politicians promised various programs that we're paid by voodoo economics .Most states by required to have a balanced budget.

Florida has two big issues ,the housing crises and downturn in tourism .

[Rich Z]

I think most governments base their spending on PROJECTED income over 5 to 10 years. So when a downturn does take place, suddenly they are spending more than is actually coming in. A business goes bankrupt. Governments typically squeeze the tax cattle a little harder.

[mickeystoysz16]

Originally Posted by Rich Z

Hmm, so does accumulated debt every year just go away?

I just read an article in the newspaper a few minutes ago stating that the US government is borrowing more than $100 BILLION per MONTH just to pay current bills. That means every month this country is getting deeper and deeper into debt, and apparently no end in site.

How could any company operate in such a manner?

Furthermore, is borrowing money from China all that wise of an idea?

You are correct on the debt side of the balance sheet only. My point of view is from the Revenue side, as long as you have the ability in the future to pay it back. So on a state/federal level you can borrow $100B a month if you have the ability to pay it back.

I do agree that that much unfunded spending is not wise especially when your banker is a bunch of statist theives. Do a google search for Chineese Reverse Mergers and Chinese stock fraud and you will now what I am talking about.