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well if i understood my ex, she said she was saving me enormous amounts of money bek stuff was on sale. she was not sure why she way buying stuff but that was besides the point.
You cannot spend your way out of debt! It's asinine to think you can
Judging by the lack of posts in this thread, I'm inclined to believe that most everyone agrees with you, but do to political ideology, many will remain silent. When ideology trumps the good of the nation, we are in big trouble.
Seriously, how? If all of your credit cards were maxed out, you wouldn't max out the last one to pay off the others. I just don't get it.
It works this way..the government will spend and WE will pay off their debt.
If someone was going to end up paying off your credit cards would you worry about maxing them all out ?
Judging by the lack of posts in this thread, I'm inclined to believe that most everyone agrees with you, but do to political ideology, many will remain silent. When ideology trumps the good of the nation, we are in big trouble.
No this is not true at all. The last time it happened was under the Clinton administration, the GDP grew so large that Fed tax revenue increased just due to the bigger pie. Rates remained the same. This is the idea behind the Stimulus, increase Gvt spending so much so that increased money goes into the economy and grows the GDP larger. Then the GVT can lower the deficit by increasing taxes on the large income stream and/or lower Gvt spending (since the economy would now be on track)
The only way to spend yourself out of debt is to build a rocket large enough. From there, you blast yourself to the other side of the universe, where your creditors can never find you.
Depends what the spending is for. For instance, let's say you go into debt to buy a backhoe that allows you to dig up your yard and find the buried treasure...
If it were up to me, Congress would work for free. Then and only then would we find out who's in it for us, and who's not. When Congress finally remembers who they work for, maybe they'll do what's right for the country. Sadly, i've about come to the conclusion that that will never happen. How else would you explain the total free-for-all, entitlement mentality that we as a nation have found ourselves in?
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