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View Poll Results: How Will Bernie Reduce the Federal Debt?
Just look at the pictures that Bernie posts on Facebook! 14 93.33%
I'm willing to explain this in great depth. 1 6.67%
Voters: 15. You may not vote on this poll

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Old 10-10-2015, 11:26 AM
 
4,081 posts, read 3,606,367 times
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We're now at 6 pages with no answers. You Sanders fans crack me up!
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Old 10-10-2015, 11:35 AM
 
11,181 posts, read 10,534,651 times
Reputation: 18618
Quote:
Originally Posted by Dequindre View Post
No, his website is about ways to spend money, not how to reduce spending it.
If you think creating jobs and fixing the trade balance are not the best way to address debt, then there's not a single candidate in either party you can support.

Think of it this way: you have a $100000 mortgage on your house. That's a debt you want out from under.
Cutting spending alone will not pay off one dime of that debt unless you redirect that dime to the mortgage payment. That's a long, slow, trudge. You have fixed expenses so there's a limit to how much income you can redirect to the debt.

But if you increase income - take on extra hours and/or a 2nd job, or invest money in education or advanced job training, you will generate more revenue than you ever could by cutting spending.

Analogies between individual and govt. spending are always flawed but hopefully this one will help you see why politicians of all stripes advocate for jobs creation and trade balance when they talk about the debt.
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Old 10-10-2015, 11:42 AM
 
69,368 posts, read 64,118,301 times
Reputation: 9383
Quote:
Originally Posted by biscuitmom View Post
If you think creating jobs and fixing the trade balance are not the best way to address debt, then there's not a single candidate in either party you can support.

Think of it this way: you have a $100000 mortgage on your house. That's a debt you want out from under.
Cutting spending alone will not pay off one dime of that debt unless you redirect that dime to the mortgage payment. That's a long, slow, trudge. You have fixed expenses so there's a limit to how much income you can redirect to the debt.

But if you increase income - take on extra hours and/or a 2nd job, or invest money in education or advanced job training, you will generate more revenue than you ever could by cutting spending.

Analogies between individual and govt. spending are always flawed but hopefully this one will help you see why politicians of all stripes advocate for jobs creation and trade balance when they talk about the debt.
I stopped at your first sentence because nothing in his proposal is about creatign jobs nor fixing trade imbalance, in fact the policies would result in the exact opposite.
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Old 10-10-2015, 11:47 AM
 
11,181 posts, read 10,534,651 times
Reputation: 18618
Quote:
Originally Posted by Dequindre View Post
We're now at 6 pages with no answers. You Sanders fans crack me up!
Supporters of any candidates can't answer the question in a way that would satisfy someone who doesn't have a grasp of basic economics.
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Old 10-10-2015, 11:48 AM
 
4,081 posts, read 3,606,367 times
Reputation: 1235
Quote:
Originally Posted by biscuitmom View Post
If you think creating jobs and fixing the trade balance are not the best way to address debt, then there's not a single candidate in either party you can support.

Think of it this way: you have a $100000 mortgage on your house. That's a debt you want out from under.
Cutting spending alone will not pay off one dime of that debt unless you redirect that dime to the mortgage payment. That's a long, slow, trudge. You have fixed expenses so there's a limit to how much income you can redirect to the debt.

But if you increase income - take on extra hours and/or a 2nd job, or invest money in education or advanced job training, you will generate more revenue than you ever could by cutting spending.

Analogies between individual and govt. spending are always flawed but hopefully this one will help you see why politicians of all stripes advocate for jobs creation and trade balance when they talk about the debt.
Is that Bernie's position on trying to reduce our nation debt?
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Old 10-10-2015, 11:50 AM
 
4,081 posts, read 3,606,367 times
Reputation: 1235
Quote:
Originally Posted by biscuitmom View Post
Supporters of any candidates can't answer the question in a way that would satisfy someone who doesn't have a grasp of basic economics.
No, either Sanders fans:

1. Are fiscally irresponsible and don't care about the national debt.

2. Aren't smart enough to think on their own and refuse to really think about the implications of his economic policies.

I haven't seen a solid answer in six pages, so do you think it's option A or option B?
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Old 10-10-2015, 11:51 AM
 
Location: Wisconsin
2,201 posts, read 1,876,676 times
Reputation: 1375
The elimination of even the INTEREST on the 20 trillion ( which is only the CASH debt) cannot be paid in his our our life time . Total debt of the U.S. is 210 trillion when one armortalizes entitlements. We hold as much debt of the combined world debt of all countries outside America. We are gravely bankrupted with a illusion of recovery from witnessing good returns by certain industrial pockets and a corrupted Spin doctored Dow that leads to NOTHING!!!!
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Old 10-10-2015, 11:53 AM
 
4,081 posts, read 3,606,367 times
Reputation: 1235
Quote:
Originally Posted by openmike View Post
The elimination of even the INTEREST on the 20 trillion ( which is only the CASH debt) cannot be paid in his our our life time . Total debt of the U.S. is 210 trillion when one armortalizes entitlements. We hold as much debt of the combined world debt of all countries outside America. We are gravely bankrupted with a illusion of recovery from witnessing good returns by certain industrial pockets and a corrupted Spin doctored Dow that leads to NOTHING!!!!
Marvelous, you identified the problem. Now, how is Bernie going to reduce it?
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Old 10-10-2015, 11:57 AM
 
69,368 posts, read 64,118,301 times
Reputation: 9383
Quote:
Originally Posted by biscuitmom View Post
Supporters of any candidates can't answer the question in a way that would satisfy someone who doesn't have a grasp of basic economics.
Cite for us what proposals involving "basic economics", will result in lowering the debt?
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Old 10-10-2015, 11:59 AM
 
4,081 posts, read 3,606,367 times
Reputation: 1235
Quote:
Originally Posted by pghquest View Post
Cite for us what proposals involving "basic economics", will result in lowering the debt?
Just to further clarify, since Sanders fans seem to be skirting the issue citing technicality, what BERNIE proposals will result in lowering the debt?
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