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No its not.. Federal deficit = money borrowed to fund the deficit of money spent - money received
Quote:
Originally Posted by Opin_Yunated
Simple.
Simply wrong..
Quote:
Originally Posted by Opin_Yunated
National Debt + Net Exports = Private Sector Wealth
National debt is the accumulation of all Federal spending (money creation) over time.
The federal government spends about $3T a year.. according to your new accounting garbage.. This would mean Obama would be responsible for $18T of the $18T in debt..
Agreed, but arguably healthcare is not a luxury good/service nor a want, it is an essential like fire department,
Most definitely, health care is a good/service provided by the labors of someone else, therefore, you have no inherent right to it. Someone else MUST ACT for you to receive health care, period.
Taxation is bad for economic growth but it redistributes wealth and prevents the very situation you are salivating over.
I'm salivating over the end of taxation you promised because by your own admission, it's not necessary. Do it... end taxation. Put an end to some of us being tax slaves to others.
We ALL should pay for it. Removing a profit making middle man.
What percentage of new medicines and new medical devices were created by overseas governments?
Profit drives ingenuity and investment. If there is no money to be made, a lot less new stuff is made.
Quote:
Originally Posted by InformedConsent
Then why do we even have to pay taxes?
Isn't funny how people like him go on about fiat money and the fact that debt is good and there is truly no debt while telling us that the rich need to pay more taxes? Why do we even have taxes? Why doesn't each government in the world just hit that computer button and spend trillions on road, trillions on schools, trillions on medical supplies, etc etc?
Well, the answer is that they know how full of malarky they are.
While starving poor people are struggling pay check to pay check to get by, these rich people are hoarding 75% of their income into Fidelity accounts and IRAs and 401k
Can't they foot a little bit of that savings to pay for universal healthcare so the people struggling paycheck to paycheck on welfare and credit card debt can get healthcare?
I'm willing to pick up the tab for their birth control.
What percentage of new medicines and new medical devices were created by overseas governments?
Profit drives ingenuity and investment. If there is no money to be made, a lot less new stuff is made.
Please, feel free to tell me what new medical device my insurance company created.
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