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Remind me again where the government gets money from to spend?
By going into debt. The Federal Reserve monetizes sovereign debt. You'd have to be a dimwit not to understand this. I was driven out of the Republican party due to all the dimwit idiots.
The majority of states are required to have a balanced budget. Colorado is for sure. That doesn't mean they can't borrow; it does mean they have to be able to pay all their payments.
It amazes me how the tea partiers go into hiding with a rational argument that belittles their fantasy ideals.
I used to think they were clever elitists, but now I am beginning to think that they were unable to keep track of the real agenda to keep it separate from their propaganda. They have this crazy idea that they should receive the entire credit for the lake and the forest for having put up a tire swing. A tire swing means that 10 square miles of prime real estate is yours, and you don't need no da guberment around even though its the only thing that says its yours.
Then they wonder why an army of liberal zombies is growing. They don't need no political philosophy that predicts the outcome. Rule by emancipated slaves was declared to be the worst.
The majority of states are required to have a balanced budget. Colorado is for sure. That doesn't mean they can't borrow; it does mean they have to be able to pay all their payments.
States do not monetize their own debt so it has no impact on liquidity. Therefore states should never run long term deficits. In many cases they should not even go into debt and should use a state charted banks with strict rules which I can give a sample like super majority referendum and in state projects only. The German Landesbanks invested in US sub prime. That is totally bananas.
By going into debt. The Federal Reserve monetizes sovereign debt. You'd have to be a dimwit not to understand this. I was driven out of the Republican party due to all the dimwit idiots.
You mean they get money from printing, or SELLING bonds, thus removing money out of the economy? One would have to be a dimwit to not understand that removing money out of the economy, and then pumping the same money into the economy equals a net increase to the economy of ZERO..
Or maybe you dont comprehend elementary math and thus its a good thing you left the Republican Party. Hate to think someone who doesnt understand 1 - 1 = 0, would belong to the same party as I..
The majority of states are required to have a balanced budget. Colorado is for sure. That doesn't mean they can't borrow; it does mean they have to be able to pay all their payments.
1936, The economy is growing again coming out of the worst economic downturn in the Nations history. Unemployment is still stubbornly high but is trending downward due in large part to the New Deal and increased confidence. Then the US government decides that a budget deficit is a bad thing and shifts course in an attempt to balance the budget. In doing so the economy turns south again and contracts and unemployment spikes. This helped prolong the depression until the beginning of world war two.
Now in 2013, although it is not the same scenario, there are many similarities that can be found. A measured approach to balancing the budget wont kill the economy as we are already seeing signs of with tax increasing and the sequester but for the love of god please don't repeat the same mistake of the past and cause the US economy to dive into another recession because we try to balance the budget too quickly. The time for a balanced budget is when the economy is "humming" along and Unemployment is low (at the NRU) not for when unemployment is is stubbornly high and the economy is slowly chugging along but picking up speed.
Would you follow the advice of your above post in your personal life?
Will you go out and use your credit cards, and run up your personal debt?
(You said a balanced budget does not matter.)
An unbalanced budget means there are deficits, and deficits get added to our national debt.
The thing that you should be focusing on is what created our unbalanced budget?
Answer: It was GW Bush's supply side tax cuts, and a unneeded Iraq war.
GW Bush's tax cuts are still going on, and Bush's unneeded Iraq war is still going on (these 2 things are creating our dangerously unbalanced budget.)
And lets all thank God that M. Romney did not get elected, as the following link shows, he wanted to do $6.6 trillion dollars in "supply side" tax cuts. That whole $6.6 trillion dollars would have been added to our national debt, and financed the building of US factories in China. (there are no regulations on how the rich and large corporations spend their supply side tax cuts, they can spend those tax cuts any way they want.)
You mean they get money from printing, or SELLING bonds, thus removing money out of the economy? One would have to be a dimwit to not understand that removing money out of the economy, and then pumping the same money into the economy equals a net increase to the economy of ZERO..
Is that comprehensible to your fellow citizens on the island of misfit toys?
Quote:
Or maybe you dont comprehend elementary math and thus its a good thing you left the Republican Party. Hate to think someone who doesnt understand 1 - 1 = 0, would belong to the same party as I..
Hate to think its not relevant to your stupid question about where do we get the money. Unfortunately it is.... not relevant.
Is that comprehensible to your fellow citizens on the island of misfit toys?
Hate to think its not relevant to your stupid question about where do we get the money. Unfortunately it is.... not relevant.
Da gubermnet buys what it likes with debt.
It would have been far more admirable if you'd had just said you dont comprehend 1 - 1 = 0 (which is money removed from the economy - money pumped into the economy = net increase in the economy of ZERO
dont worry, I expect very little from left wing kooks..
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