President Obama: There Is No Debt Crisis

[SunSeeker]

57. How about giving me graphs where the years actually line up? Either way, they prove my point.

The graphs show unemployment predictably spiking during periods of recession (01/01-01/02, 01/08-present) but do not correspond to significant rises in the minimum wage. In fact, it appears unemployment went down during significant increases in the minimum wage--although your unemployment rate graph cuts off in 99. The minimum wage almost doubled between 78 and 99--but looks like unemployment stayed pretty low during that period. Giving people a living wage lowers the need to spend on safety need programs, improves people's health, thus lowering healthcare costs, and improves how well their kids do in school, this increasing their kids earning power when they get older. And prevents untold misery.

Investing in infrastructure, like investing in our people, makes us more competitive and productive. After Eisenhower build the interstate highway system, American experienced an economic boom. Good economic times lower the debt because it results in higher tax revenues and less spending on unemployment checks and other safety net programs.

Man, talking about taxes really outs you. No, cutting tax loopholes for the rich is not "stealing" from the rich. It is making them pay their fair share for the riches this country and its workers have provided them. It does not "only create more poor people." It creates a civilized society and LOWERS poverty. When Clinton raised taxes on the rich, it ushered in a economic boom that led to budget surpluses...until your guy Bush crashed the economy with two unfunded wars and huge tax cuts for the rich.

Our debt is high, but compared to the rest of the world, we are in pretty good shape. And the world knows it. THAT is why the world keeps sending their investment dollars our way and keeps buying our T-bills. We do have a solution, if only your treasonous Republican friends will get out of the way and let us heal our country.

But time is on our side. Eventually, demographics alone will kill the Republicans. When we have our Democratic Congressional majorities back, we will finally be able to truly fix all that your Republican friends have broken.

I guess that's why you and your Republican buddies are calling this a "crisis."