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When the rest of the world, finally gets fed with buying our debt, then we collapse and have to burn money to stay warm, like Germany. I think the criminals in congress should be forced to pay this money back, that they stole. They ****ed up the mess. So more spending is always congress's solution to everything. Nutjobs.
Government spending when done right can vastly improve a nation's economy. It builds infastructure like roads and trains and telecommunication networks you use everyday, and allows businesses to thrive. It builds schools which educated you and taught you to read. It also (should more, but doesn't due to lots of corruption) reduces economic boom/bust cycles and corporate monopolies that result from unregulated capatilism. The government also funds R&D and is responsible for drug discoveries, the internet, and many other things which were later sold off to private tax revenue generating companies at a huge profit.
You want no government? Check out a place like Somalia, where no business in the right mind would form due to the extreme instability of the nation. On the flip side of the coin, the government should be more efficient and not overtax businesses or impose needless regulations to benefit only small special interest groups like it does. This harms everyone, and suppresses economic growth.
FUNNY YOU WANT TO KEEP MENTIONING SOMOLIA
no quite...somalia has no official government..just warlords(kinda like liberal big government)...and ZERO FREEMARKET...try again
somalia..been there done that
hmmm Somalia a liberals dream...
actually it has had many governments...mostly BIG goverment, or better said totolitarian
prior to 1960 somolia was a british and italian territory's (know as british somaliland and italain solaliland)
from 1960 to 1991 was known as somaliland or the somali republic...and had a quazi Parliamentary style government that has little oversight of the executive brach that rules with a iron first...until
1991 civil war..since then the country has been divided and RULED with the governments of WARLORDS....
in 2004 In 2004, a transitional federal government was formed which didnt do much and has been opposed by neighboring countries , currently it is warlords under sharia law, rules by the islamic union
using somalia is a poor example for EITHER side of the arguement
This DEBT exists to provide the international financial businesses with a supposedly secure place to keep their money. They do not want to have this debt ever paid off as they would then have to lend the money at much greater risk to their fellow speculators, bankers and other high level thieves.
Government Debt is the biggest form of Government Welfare in existence. The financiers are completely dependent on this handout and will never let it stop.
people will come to understand... its fake money and the US will have to file chapter 11.
tell me how many politicians care about the debt? they keep spending and spending.... giving money away to other countries like it grows on trees. no one cares they want the US to go bankrupt!!
There's nothing like regurgitating old cabbage for more chewing, is there? Tastes real nasty when it comes back up, but it seems some folks must like the taste. Or they are addicted to re-hashing the past forever. How many more years are people who know nothing about economics (including me) are going to babble on from ignorance?
Not me. Have fun playing with the worn out toys, kiddies...
This DEBT exists to provide the international financial businesses with a supposedly secure place to keep their money. They do not want to have this debt ever paid off as they would then have to lend the money at much greater risk to their fellow speculators, bankers and other high level thieves.
Government Debt is the biggest form of Government Welfare in existence. The financiers are completely dependent on this handout and will never let it stop.
True. In fact the debt was almost totally paid off under Clinton. What happened? The then chairman of the Fed (I think Alan Greenspan) had a fit and told Bush to start enacting tax cuts. They wanted the USA to continue to issue bonds, but would be unable to if there was no debt. Unfortunately, the stupidity of starting a pointless war while enacting tax cuts is what really screwed our budget (in fact that may be one of the only times in history wars have coincided with tax cuts).
Last edited by njbiodude; 05-06-2015 at 02:49 PM..
True. In fact the debt was almost totally paid off under Clinton. What happened? The then chairman of the Fed (I think Alan Greenspan) had a fit and told Bush to start enacting tax cuts. They wanted the USA to continue to issue bonds, but would be unable to if there was no debt. Unfortunately, the stupidity of starting a pointless war while enacting tax cuts is what really screwed our budget (in fact that may be one of the only times in history wars have coincided with tax cuts).
No. Not true. Bill Clinton added $1.396 trillion, a 32% increase to the $4.4 trillion debt level at the end of Bush's last budget.
Like many, you are confusing debt with deficit.
BTW, FDR increased the debt level over 1000% and democrats seem to love him for it.
no quite...somalia has no official government..just warlords(kinda like liberal big government)...and ZERO FREEMARKET...try again
somalia..been there done that
hmmm Somalia a liberals dream...
actually it has had many governments...mostly BIG goverment, or better said totolitarian
prior to 1960 somolia was a british and italian territory's (know as british somaliland and italain solaliland)
Somalia has never had a good stable government which provided good education, functioning infrastructure, decent roads, public transportation, and healthcare for its people. It was always either a corrupt totalitarian regime interested in helping a few at the expense of the many, or a weak government incapable of providing order to the country.
Without a good stable society businesses will not relocate to the area. The police are corrupt and couldn't stop local warlords from extorting businesses, the roads are terrible and dangerous, and no management would ever in the right mind consider relocating to the area to run the business. Do you think they'll put their kids in Somalia's schools? They'd rather pay extra taxes and move their manufacturing plants to somewhere safe. Even India is much better in certain nicer urban areas.
Somalia is hardly a liberal dream. In fact, if anything it's a conservative nightmare of total deregulation and government indifference. A liberal's dream would be a place like Norway, which by the way has a wealthier and healthier citizenry than that of the United States.
True. In fact the debt was almost totally paid off under Clinton. What happened? The then chairman of the Fed (I think Alan Greenspan) had a fit and told Bush to start enacting tax cuts. They wanted the USA to continue to issue bonds, but would be unable to if there was no debt. Unfortunately, the stupidity of starting a pointless war while enacting tax cuts is what really screwed our budget (in fact that may be one of the only times in history wars have coincided with tax cuts).
Quote:
In fact the debt was almost totally paid off under Clinton
what drugs are you on...the debt nearly doubled under Clinton...just like bush...just like Obama
Clinton left office the debt was 5.87 trillion
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