09-15-2019, 12:37 PM
Location: AZ
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Quote:
Originally Posted by
PedroMartinez
You still can't show any scenario where you can have debt without spending.
Here ya go, Mr. “FACTS and MATH”.
There are two main components of a balanced budget, CHANGING EITHER changes the outcome.
-
https://en.m.wikipedia.org/wiki/Gove...budget_balance
09-15-2019, 03:03 PM
34,619 posts, read
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Quote:
Originally Posted by
subaru5555
You notice where it says SPENDING?
You must have spending to have debt.
Did you didn't read what you pasted?
What is G?
Oh, that's right, it's SPENDING.
How long do you plan to look foolish?
09-15-2019, 05:06 PM
Location: Long Island
57,285 posts, read
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Reputation: 15643
Quote:
Originally Posted by
PedroMartinez
You notice where it says SPENDING?
So I assume you are in favor of Kudlow's additional tax cut, no downside.
09-15-2019, 05:12 PM
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Only spending causes debt.
09-15-2019, 05:49 PM
Location: AZ
3,321 posts, read
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Quote:
Originally Posted by
PedroMartinez
You notice where it says SPENDING?
Lololol....did you not notice T? There are TWO variables in that equation.
If I didn’t know any better, I’d say you’re being thick on purpose.
09-15-2019, 05:52 PM
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Quote:
Originally Posted by
subaru5555
Lololol....did you not notice T?
Basic math and finance, you only have debt when there is spending, because only spending causes debt.
FACT
09-15-2019, 05:54 PM
Location: AZ
3,321 posts, read
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Quote:
Originally Posted by
PedroMartinez
Basic math and finance, you only have debt when there is spending, because only spending causes debt.
That’s not what the equation says.
Are you saying that there’s not two variables in the posted equation?
09-15-2019, 05:57 PM
34,619 posts, read
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Quote:
Originally Posted by
subaru5555
That’s not what the equation says.
G is spending, and it's in the debt formula because debt REQUIRES spending due to spending (G) being the only cause of debt.
The equation you posted supports this FACT.
09-15-2019, 05:59 PM
Location: AZ
3,321 posts, read
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Reputation: 1608
Quote:
Originally Posted by
PedroMartinez
G is spending, and it's in the debt formula because debt REQUIRES spending due to spending (G) being the only cause of debt.
Yes or no, are there two variables in that equation?
Surely someone with your understanding of math could answer this simple question.
09-15-2019, 06:02 PM
34,619 posts, read
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Reputation: 22232
Quote:
Originally Posted by
subaru5555
Yes or no, are there two variables in that equation?
Yes, T is revenue and G is spending.
If you remove G, you only have revenue, which means there is no debt.
That is because only spending causes debt.
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