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Michele Bachman Running For President (pg. 22)
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| pkcRAISTLIN |
| of course racking up heaps of debt is a problem, wtf are you smoking? it results in either massive cut backs to government services (if massive debts need to be paid off) or runaway inflation (if the government inflates its way out of debt). |
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| DOOMBOT |
| quote: | Originally posted by Joss Weatherby
You realize it doesn't matter right? Any one with half a brain understands that this entire situation is unnatural. There is no force of nature saying it has to be this way, there is no finite resource that is running out, nothing like that. The whole thing is based on stupid humans doing stupid and some of them screwing others more than the rest.
Debt has NO value in reality. You can run up trillions and trillions and if everyone is doing it, it doesn't matter. You literally can not run out of money if its not backed by anything. economics, they treat this like its some immovable natural force, like a hurricane or an earthquake... All of this is through the creation of people, inventing ideas and processes. |
Try telling this to people who live on fixed incomes on top of the fact that prices continue to rise and they are being taxed in addition to all of this. |
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| Joss Weatherby |
| quote: | Originally posted by pkcRAISTLIN
of course racking up heaps of debt is a problem, wtf are you smoking? it results in either massive cut backs to government services (if massive debts need to be paid off) or runaway inflation (if the government inflates its way out of debt). |
If everyone is doing it, then what does it matter? The problem is not the amount of debt, its one having more or less debt than everyone else and throwing the entire system off. |
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| Joss Weatherby |
| quote: | Originally posted by DOOMBOT
Try telling this to people who live on fixed incomes on top of the fact that prices continue to rise and they are being taxed in addition to all of this. |
Yea, you are a real bleeding heart liberal aren't you. off dicklick. |
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| DOOMBOT |
| quote: | Originally posted by Joss Weatherby
Yea, you are a real bleeding heart liberal aren't you. off dicklick. |
Again, calling me names doesn't change any of the facts that I have mentioned. Trillion dollar debts are screwing people hard. So yes, they do matter. |
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| DOOMBOT |
| quote: | Originally posted by Joss Weatherby
If everyone is doing it, then what does it matter? The problem is not the amount of debt, its one having more or less debt than everyone else and throwing the entire system off. |
Right. :wtf: |
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| pkcRAISTLIN |
| quote: | Originally posted by Joss Weatherby
If everyone is doing it, then what does it matter? The problem is not the amount of debt, its one having more or less debt than everyone else and throwing the entire system off. |
you're a ing idiot. |
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| EddieZilker |
| quote: | Originally posted by Joss Weatherby
If everyone is doing it, then what does it matter? The problem is not the amount of debt, its one having more or less debt than everyone else and throwing the entire system off. |
Well, that moment of lucidity was fleeting. |
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| DJ RANN |
The debt or it's imaginary ceiling does not matter one iota, at least for the states.
The potential GDP ability of the states vastly outgrosses the current debt figure - it only matters if a default or rating downgrade happens but that is an imposed raise on borrowing, otherwise it means jack .
Look at the 90's - USA had massive debt and turned it in to a huge surplus in less than 8 years and that was through simple economic growth and boom industries (dot com etc) , only for it to be spunked away again in another 6.
Buffet is right - the "job creators" :rolleyes: need taxing, not tax breaks. When are we going to learn. |
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| jupiterone |
| i bet she's a satanic freak in bed |
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| pkcRAISTLIN |
| quote: | Originally posted by DJ RANN
The debt or it's imaginary ceiling does not matter one iota, at least for the states. |
yeah, debt ceilings mean nothing.
| quote: | Originally posted by DJ RANN
The potential GDP ability of the states vastly outgrosses the current debt figure |
eh? the GDP of the US is what, $14-$16T? and the debt is ~14.
| quote: | Originally posted by DJ RANN
Look at the 90's - USA had massive debt and turned it in to a huge surplus in less than 8 years and that was through simple economic growth and boom industries (dot com etc) , only for it to be spunked away again in another 6. |
you're conflating issues here. the US had a large debt in the 90s and managed to turn their budget deficit into a surplus, but this had negligible impact on the overall debt (maybe took it down by a hundred billion or so). the US national debt was still in the red by the time clinton left office. then bush went on a spend-a-thon.
| quote: | Originally posted by DJ RANN
Buffet is right - the "job creators" :rolleyes: need taxing, not tax breaks. When are we going to learn. |
agreed. the US will never pay down its debt without raising taxes. |
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| Meat187 |
| I think Ron Paul is a pretty col guy. eh saves the economy and doesnt afraid of anything. |
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