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Old 10-25-2011, 10:15 AM
 
Location: The Land of Reason
13,300 posts, read 10,495,155 times
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Quote:
Originally Posted by InformedConsent View Post
Actually, 10 welfare recipients "getting over" costs WAY more than 1 person paying nothing and "getting nothing over."

That's exactly why we have a $14 Trillion national debt. The government is giving non-contributors money we don't have.
You still did not address the worker that makes over 60k yr and pays nothing. I still do not understand your arguement, ten people on welfare may get 150mth is getting more from the government than someone making 60k a yr
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Old 10-25-2011, 10:18 AM
 
66,480 posts, read 30,318,451 times
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Quote:
Originally Posted by simetime View Post
You still did not address the worker that makes over 60k yr and pays nothing.
In fact, I did. That 1 person is costing MUCH less than the 10 welfare recipients who get MORE back from the government than they ever pay in.
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Old 10-25-2011, 12:08 PM
 
Location: 15 months till retirement and I can leave the hell hole of New Yakistan
25,324 posts, read 14,041,763 times
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Quote:
Originally Posted by simetime View Post
You still did not address the worker that makes over 60k yr and pays nothing. I still do not understand your arguement, ten people on welfare may get 150mth is getting more from the government than someone making 60k a yr
10 people on welfare is 2-3 times as much as a 60k worker

my bum BIL is a welfare person..he gets over 300/month cash..plus food stamps..plus housing..plus medicaid

a welfare person can easily rack up 15-20k....times 10 people thats 150k-200k
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Old 10-25-2011, 01:15 PM
 
2,515 posts, read 1,723,771 times
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http://www.bearishnews.com/wp-conten...l-debt-gdp.jpg
Take a look at this graph. What year did the total debt in the US cross 200% of GDP? The way I read this graph it says 1986. If the top tax rate went to a functional 100% in 1986 who would have had the money to invest in the housing bubble? We would have had a nice little economic depression that would have lasted for a bit but now we would be in far better shape than how things actually played out.
Quote:
Originally Posted by InformedConsent View Post
How is the U.S. going to tax the foreign investors that bought the fraudulently misrepresented GSE MBS's? Remember this?


Sherman D-CA -- Bailout Bill is for FOREIGNERS not Americans - YouTube

The CRA housing bubble and bailout were indeed legislated. Politicians panicked when the bubble burst and used taxpayer money to make foreign investors whole.
Yes the bubbles were legislated but the bubbles were financed by third parties that are getting bailed out. If they couldn't make money buying the fraud then there would have been no fraud. Cut the purse strings and you cut the problem. No Money no fraud. You can't force someone to write a loan if they have no money to lend. You can’t legislate a bubble without the money to make it happen. No money no bubble. It is that easy. You can say it is this piece of legislation’s fault or you can say it is that piece of legislation’s fault. But they needed the money to lend to keep the bubble going and without it there would be no bubbles.
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Old 10-25-2011, 01:19 PM
 
Location: 15 months till retirement and I can leave the hell hole of New Yakistan
25,324 posts, read 14,041,763 times
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Quote:
Originally Posted by newonecoming2 View Post
Take a look at this graph. What year did the total debt in the US cross 200% of GDP? The way I read this graph it says 1986.
cant see the graph

but total (reported) debt CURRENTLY is 15 trillion....GDP is about 16-17 trillion

so (again I cant see the graph) we havent even reached 100% debt to gdp
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Old 10-25-2011, 01:22 PM
 
2,515 posts, read 1,723,771 times
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Quote:
Originally Posted by workingclasshero View Post
cant see the graph

but total (reported) debt CURRENTLY is 15 trillion....GDP is about 16-17 trillion

so (again I cant see the graph) we havent even reached 100% debt to gdp
Total debt is the governments debt plus privet debt plus corporate debt. You are quoting the national debt. That is just part of the total debt. Did you click on the link?

http://www.bearishnews.com/wp-conten...l-debt-gdp.jpg
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Old 10-26-2011, 01:05 PM
 
Location: The Land of Reason
13,300 posts, read 10,495,155 times
Reputation: 3541
Quote:
Originally Posted by workingclasshero View Post
10 people on welfare is 2-3 times as much as a 60k worker

my bum BIL is a welfare person..he gets over 300/month cash..plus food stamps..plus housing..plus medicaid

a welfare person can easily rack up 15-20k....times 10 people thats 150k-200k
Here is another question, what are the odds that someone in the top 1% will either serve or encourage their children to join the military as an enlisted member vs. someone who makes under 20,000yr? Which group is more likely to provide the "ultimate sacrifice?"
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Old 10-26-2011, 01:58 PM
 
Location: 15 months till retirement and I can leave the hell hole of New Yakistan
25,324 posts, read 14,041,763 times
Reputation: 6504
Quote:
Originally Posted by simetime View Post
Here is another question, what are the odds that someone in the top 1% will either serve or encourage their children to join the military as an enlisted member vs. someone who makes under 20,000yr? Which group is more likely to provide the "ultimate sacrifice?"
not sure

but why would it matter

the military is a choice..it fits some..some it doesnt

I knew a few 'rich' kids during my time in the military who were in with me

I retired after 24 years in the Army
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Old 10-26-2011, 02:01 PM
 
66,480 posts, read 30,318,451 times
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Quote:
Originally Posted by newonecoming2 View Post
Yes the bubbles were legislated
BINGO!!!
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Old 10-26-2011, 03:52 PM
 
17,028 posts, read 9,554,162 times
Reputation: 5701
Quote:
Originally Posted by simetime View Post
Here is another question, what are the odds that someone in the top 1% will either serve or encourage their children to join the military as an enlisted member vs. someone who makes under 20,000yr? Which group is more likely to provide the "ultimate sacrifice?"


To be sure there are some in both groups but which group is more likely to serve out of pure service than the incentive of benefit?
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