progressives: should the USA borrow tens of trillions more for society? (John Kerry, Al Gore)
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If America can borrow $20 TRILLION for hunger programs and schools and paid sick leave and other France like programs then why not?
It would only cost around 2%…
Good idea, progressives?
There's been far more corporate welfare than individual.
In the great bailout of the Great Recession, one corporation alone, AIG, got more than $150 billion--more than was spent on welfare to the poor from 1990 to 2006.
The U.S. federal government spent about $140 billion on TANF between 1990 to 2006.
Not to mention the billions of dollars of revenue the U.S. has foregone while dozens of corporations store their profits overseas and pay zero or very low taxes in the U.S. http://moneymorning.com/2013/04/01/h...rporate-taxes/
It's too bad that trillion is based on a non existent value of nothing. At best it represent slave labor.
I find it interesting that one one hand they whine about slavery nearing 200 years ago, but want to engage in the same to pay back an impossible debt, and more so by a people who have never once handled a buck. By that I mean they have no idea what a real dollar is and can't state in simple terms what a current paper note is worth.
More over they have no math to figure what that paper note is worth.
Nothing happens economically w/o people. They can talk about credit and faith, but that really means "people" are the value. The issue is someone syphoning and hypothecating your value. I would say slavery is a good word for it.
It's too bad that trillion is based on a non existent value of nothing. At best it represent slave labor.
I find it interesting that one one hand they whine about slavery nearing 200 years ago, but want to engage in the same to pay back an impossible debt, and more so by a people who have never once handled a buck. By that I mean they have no idea what a real dollar is and can't state in simple terms what a current paper note is worth.
More over they have no math to figure what that paper note is worth.
Very very true.
Taxpayers today are exactly like slaves -- slavery is about your labor being used for the benefit of others. Today our government -- the politicians and ruling class believe they are entitled to confiscate as much of our wages as they like -- we no longer own our own labor, the government owns it.
Liberty means you own your own labor, you benefit from the work you do. The extreme taxation has turned us into nothing more than slaves who are not working for our own benefit any longer.
The only way to have our freedom is for taxpayers to determine their tax rates. When you have others deciding they have dibs on your income and profits, you have no freedom, you no longer own your own body or the work it produces.
I figured that $20 trillion would feed every poor child, provide education for every poor child, provide 11 months of paid paternity leave for every woman, provide a full pension for every American, provide 500 hours of paid sick leave for every American every year, provide for the cost of moderate to severe medical care for all Americans, provide long term care insurance for all Americans, provide Social Security for every American equal to 90% of work life salaries, provide 100% tutition reimbursement for every middle class American family and provide no money down loans for every first or second time American home buyer.
Since apparently Washington has absolutely no limits, why not?
And why in the world should the working class have to pay ANYTHING in taxes, when we can just print dollars for Washington to spend?
Taxpayers today are exactly like slaves -- slavery is about your labor being used for the benefit of others. Today our government -- the politicians and ruling class believe they are entitled to confiscate as much of our wages as they like -- we no longer own our own labor, the government owns it.
Liberty means you own your own labor, you benefit from the work you do. The extreme taxation has turned us into nothing more than slaves who are not working for our own benefit any longer.
The only way to have our freedom is for taxpayers to determine their tax rates. When you have others deciding they have dibs on your income and profits, you have no freedom, you no longer own your own body or the work it produces.
It is even worse than that. The govt is controlling shareholder in most if not all publicly traded corps. NM they regulate them as well. They invest the "taxpayer" money, but they are not required to share off budget profits, revenue or assets with the taxpayer.
They are also allowed to claim future liabilities against current "revenue".
If America can borrow $20 TRILLION for hunger programs and schools and paid sick leave and other France like programs then why not?
It would only cost around 2%…
Good idea, progressives?
Eventually our debt probably will hit $36 trillion, that's a huge chunk of change there's no denying that but if our GDP is up to $50 trillion or so, that debt won't be bad. In response to your question, printing up $20 trillion would absolutely destroy our economy and I don't think Ben Bernanke would even consider printing that much up. Boosting our debt ceiling up to $36 trillion on the other hand is a totally different story, that's pretty much American Express just saying you can spend more on your credit card. The thing about boosting our debt ceiling up that high would probably scare investors, we don't want to look like Greece and undermine our creditors.
But if we did need to spend $20 trillion (SN: we've already spent $16 trillion on bankers, where is all that cash now?), I'd suggest we fix our infrastructure, bailout students by either ending the payments or canceling the interest payments, investing in more science rather it be space exploration (I wouldn't mind allocating $2 trillion towards an Apollo type project to Mars), giving out trillions in small business grants, loans, and tax cuts, and ultimately investing into the stock markets.
Actually I was the 3rd post in your thread of stupid questions.....
So....
It is you who have nothing to contribute to your thread..... You start off with a stupid presumption and then ask a question based on that stupid presumption....It takes one word to answer your stupid presumption and all you're are left with is your stupid presumption.....
Why would someone like you with nothing to say about a thread's subject matter be so invested in constantly replying to the thread if the original question is so "stupid"?
You know it is not a stupid subject but you don't have an answer for the issue so you continue to reply with off topic remarks (like your last post). Important questions leave the less intelligent stymied.
You will continue to reply and none of your upcoming replies will have anything to do with whether or not America should or shouldn't borrow many multiples of its GDP to ensure Americans have the same benefits as France or Norway or The Netherlands.
There's been far more corporate welfare than individual.
In the great bailout of the Great Recession, one corporation alone, AIG, got more than $150 billion--more than was spent on welfare to the poor from 1990 to 2006.
The U.S. federal government spent about $140 billion on TANF between 1990 to 2006.
Yes, I believe he did call the African-American president a monkey.
But don't worry...Republicans aren't racist at all. They keep saying so.
I referred to the mixed East African half Irish president as a "douche-monkey". I am half black, so I guess that makes me a white supremacist...
And I am not a Republican, I'm a social-democrat or democratic socialist if you will and I am a real progressive, unlike that corporate owned hack Obama.
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