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Re: Why has Mexico not had a crisis in so long?
Posted: Tue May 08, 2012 3:06 am
by vincecate
falopex wrote: That can't last forever, though. At some point, there will not be enough tax revenue to pay all those benefits even if we tax the "rich" at 100%+. That will be the beginning of the end, assuming we aren't already at that point.
The US Federal government is spending nearly twice what it gets in taxes. So "not enough tax revenue" is not really the beginning of the end. This will be when the paper money they are printing to cover the deficit starts to lose value fast.
Re: Why has Mexico not had a crisis in so long?
Posted: Sun Sep 02, 2012 3:52 pm
by hunterG7343
It is not true that Mexico has no crisis. Right now they are dealing with food crisis because of droughts and other climatic conditions. It will affect on export and might even cause another pesos crisis! check this out:
http://www.nytimes.com/2012/01/31/world ... exico.html
Re: Why has Mexico not had a crisis in so long?
Posted: Mon Sep 03, 2012 3:51 am
by Trevor
He was referring to a crisis war, not just an ordinary crisis.
Re: Why has Mexico not had a crisis in so long?
Posted: Mon Sep 03, 2012 4:08 am
by OLD1953
http://www.cbo.gov/sites/default/files/ ... rtbook.pdf
That's the data, if you scroll through the entire documents. Spending 24% of GDP and taking in 21% is acceptable during war, given growth over time, spending 24% and taking in 15% is not possible over any extended period. All projections assume the Bush tax cuts come to an end, period, with no adjustments.
Re: Why has Mexico not had a crisis in so long?
Posted: Wed Sep 12, 2012 10:20 pm
by Trevor
One thing I'm trying to figure out right now is what the crisis war was before the Mexican Revolution. The country studies state that is was their war of independence, while the book says that it was the Mexican-American war. I've been looking at both wars and both are decent candidates for a crisis war. Any suggestions on this topic?