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Care to provide some facts and data in support of those claims?
Just curious.
What is the US debt? The United States accumulates debt by selling treasury bonds.
What does social security tax money buy? US treasury bonds.
We will never have 0 debt.
Is it a good idea to decrease the debt to GDP ratio? Yes, most certainly, it makes your money worth more to do so. Should we or can we eliminate the national debt? Nope.
if you have democacy of hard working christian men with supportive wives and children a democracy can go on forever. men that live within their means and are frugal.
but that is not what u have is it?
45% of americans work.
the rest wait to be fed.
And that would include "supportive wives" and "children" and retirees.
A yearly deficit greater than one trillion dollar bills is not resolved by taxing your way out of it.
Especially, when the interest due is being paid with borrowed funds.
In fact, any deficit is unacceptable in a sane society - but we're insane - let's pass on that issue.
"A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy."
- - - Elmer T. Peterson *(Misattributed to De Tocqueville)
As long as the "Takers" can outvote the "Makers", the end result is collapse.
Obama has been borrowing the equivalent to 130%-160% of all personal income tax revenue. So we would need to raise everyone's income taxes by 130%.
What is the US debt? The United States accumulates debt by selling treasury bonds.
What does social security tax money buy? US treasury bonds.
We will never have 0 debt.
Is it a good idea to decrease the debt to GDP ratio? Yes, most certainly, it makes your money worth more to do so. Should we or can we eliminate the national debt? Nope.
So let's add another $6 trillion, yippee!!! Send us to Obamaville.
in the rest of the world those people work.
the global economy
love your name LOL.
You could do better than be fixated on user names, or be fixated on calling "supportive wives to their hardworking men, and kids" and retirees leaches. But then, the rest of the world might be quite different to you, than from what I have seen in person.
Well we blue states tend to give more money to the red states than we get back from our tax dollars. I am sure we would be happy to take back that money if the red states think they don't want it or need it....I am sure that would help the budgets in the blue states.
That's a pretty accurate statement, and Atlas is no longer shrugging, he is scratching his head.
The article made its case with maps showing the distribution of dependency, but you get the same story from a more formal comparison. Aaron Carroll of Indiana University tells us that in 2010, residents of the 10 states Gallup ranks as “most conservative” received 21.2 percent of their income in government transfers, while the number for the 10 most liberal states was only 17.1 percent.
But we shouldn't let any of these facts get in the way of the conservative's points of view.
In fact, conservatives are anything but as the word implies, it's just a tag they wear when a democrat is in the White House.
And no country has ever cut its way out of a slump.
As already mentioned, we can't tax our way out of this either. So the end game is the destruction of the U.S. Some of us already know that and are planning accordingly.
And a government that TAKES from one, and gives to another cuts what slump? A dying carcass?
Yes, a dying carcass.
Quote:
Regarding the economic depression, it is based on "money madness", not a lack of government spending. Don't fall for "money madness" - the belief that wealth is prosperity. A mountain of money is useless if there is nothing to buy, regardless of the "intrinsic value" of the money.
Tell me what would happen if next Monday, everyone woke up to the news that they all had a bank balance of 4 quadrillion "dollar bills". Now that everyone is rich, is poverty ended? Does everyone have plenty to eat, nice clothes to wear, good shelter, etc?
Of course not.
Because if all those "rich people" do not go out and hustle, farm, labor, ship, and produce, civilization collapses.
Wealth is not prosperity. Sharing wealth doesn't build prosperity. Spending other people's money doesn't create prosperity.
Yep.
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