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Old 11-17-2011, 02:07 PM
 
3,458 posts, read 3,011,194 times
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Quote:
Originally Posted by wjtwet View Post
so you believe we could run a 10 trillion dollar debt on a yearly basis and it would not affect our economy?
Assuming that was all spent on the things we do now, and our economy is the size it is now?

No, we couldn't. We'd devalue the currency at $10 trillion / year.

I'm not arguing that the dollar has an infinite capacity to absorb public debt. I'm arguing that by focusing only on public debt and ignoring private debt, you're ignoring the bulk of the problem. You're not really solving anything unless you address banks, and the volume of debt that they are creating, too, and the methods by which they create it.

This is why it is so maddeningly frustrating to watch the Tea Party get upset over debt, but then completely ignore any problem policy that has been causing excessive private debt.

Last edited by Cletus Awreetus-Awrightus; 11-17-2011 at 02:21 PM..
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Old 11-17-2011, 02:07 PM
 
Location: Portland, Oregon
7,091 posts, read 10,530,607 times
Reputation: 4106
Quote:
Originally Posted by VTHokieFan View Post
Hey liberals, where is your plan??????
LoL, not providing a plan in this thread doesn't mean this plan works...or is even sane.

People don't need to find the cure for cancer to know that ingesting dog crap and benzene won't work.

Only a half-witted child would even attempt that argument.
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Old 11-17-2011, 02:07 PM
 
10,543 posts, read 11,734,210 times
Reputation: 2797
Quote:
Originally Posted by desertdetroiter View Post
Not really. Most households aren't trying to find new wars to start, nor are they trying to rebuild other nations that they just finished tearing ass on.
True - all decisions on where to spend money - assuming you plan to pay for it.
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Old 11-17-2011, 02:09 PM
 
Location: NC
6,034 posts, read 7,241,381 times
Reputation: 6334
All cuts proposed by politicians are hollow cuts...

As a people we need to take a good long look at what we think the government is supposed to provide and what we are willing to pay for.

Problem is everyone wants the government to provide for everything, but have the other guy pay for.

The fight between 99% and 1% is a distraction by the Elite Political Class, so that we won't see them LOOTING..... Right now both Republicans and Democrats are the same... think of it as Pro-Wrestling.


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Old 11-17-2011, 02:12 PM
 
Location: Dallas, TX
31,777 posts, read 24,153,715 times
Reputation: 12116
Quote:
Originally Posted by Rggr View Post
True - all decisions on where to spend money - assuming you plan to pay for it.
And definitely considering the income, not ignoring it. Don't tell me you work on household budgets by trying to reduce incomes so you can cut your income to reduce deficits.
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Old 11-17-2011, 02:15 PM
 
17,752 posts, read 15,125,712 times
Reputation: 6378
Quote:
Originally Posted by VTHokieFan View Post
Hey liberals, where is your plan??????

Nationalize the mortgage industry(which will become a real estate tax), revalue land, write down principle and rebate rent and mortgage expense for those who have equity to account for phony bubble money.

With no direct taxes on labor, and "free lunch" land rents paying for our government, we would become the industrial power house of old.
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Old 11-17-2011, 02:15 PM
 
10,543 posts, read 11,734,210 times
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Quote:
Originally Posted by EinsteinsGhost View Post
And definitely considering the income, not ignoring it. Don't tell me you work on household budgets by trying to reduce incomes so you can cut your income to reduce deficits.
Of course not. I look at what I do and how much income it brings. If something isn't bringing in much relative to the effort, I put my effort into something that is. I make such decisions on measurable results and not on what seems to make sense or sounds good.
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Old 11-17-2011, 02:22 PM
 
Location: 22 months till retirement and I can leave the hell hole of New Yakistan
23,562 posts, read 13,165,017 times
Reputation: 5950
I can support this
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Old 11-17-2011, 02:22 PM
 
9,312 posts, read 5,621,815 times
Reputation: 4632
Quote:
Originally Posted by lifelongMOgal View Post
Obviously all those little $146 million budgets were able to be gathered up to find the $9 Trillion in cuts. Every little bit eventually adds up to be a significant savings.
Excellent, MOgal! Then you must agree that raising taxes on the top 1%--something that the right wing always scoffs at because they claim it wouldn't be enough to solve the problem--is a good idea after all. Every little bit eventually adds up, right?
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Old 11-17-2011, 02:23 PM
 
Location: Dallas, TX
31,777 posts, read 24,153,715 times
Reputation: 12116
Quote:
Originally Posted by Rggr View Post
Of course not. I look at what I do and how much income it brings. If something isn't bringing in much relative to the effort, I put my effort into something that is. I make such decisions on measurable results and not on what seems to make sense or sounds good.
In other words, you look for venues to increase your income, not just decrease your spending, and especially if you're looking to pay off the debt. Yes?
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