ASTRALdragon
Active member
I just read two articles on Yahoo! News about budget spending and was wondering, how can the US keep up with all this spending despite its national debt and federal deficit? This is not only the President's doing because both Houses of Congress must pass the budgets so that means that both the Senate and the Reps are okay with it. Here's an article on some renewed (and much needed) spending dealing with the wars in the Middle East: http://news.yahoo.com/s/ap/20060707/ap_on_go_ot/us_iraq_spending
and here's one that might be of some good news regarding a lowered federal deficit: http://news.yahoo.com/s/ap/20060707/ap_on_bi_ge/federal_deficit
When the government spends this type of money on anything (Social Security, healthcare, defense, education, etc.), do they pay it all at once (lump sum) or is it like a car how you do payments? It looks kind of scary how the American national debt is close to outnumbering the GDP. I know this is more of an economics question than a political one so please no "Bush is screwing up so screw him!" or "I told you all Bush sucks!" answers (you know who you are, guys). Let's try to be objective on this, please. Thanks guys.
and here's one that might be of some good news regarding a lowered federal deficit: http://news.yahoo.com/s/ap/20060707/ap_on_bi_ge/federal_deficit
When the government spends this type of money on anything (Social Security, healthcare, defense, education, etc.), do they pay it all at once (lump sum) or is it like a car how you do payments? It looks kind of scary how the American national debt is close to outnumbering the GDP. I know this is more of an economics question than a political one so please no "Bush is screwing up so screw him!" or "I told you all Bush sucks!" answers (you know who you are, guys). Let's try to be objective on this, please. Thanks guys.
