Quote:
Originally Posted by dyna mo
1. the op clearly fails to grasp the concept of multiple use v cost. if a penny was disposed after 1 use, then yes, it costs that. but pennies are used 1000s of times before they are disposed of. + the fact that a penny costs less than a penny to manufacturer up until very very recently.
2. the op clearly fails to grasp the concept of national debt and how it is absorbed over time by economic growth and refinancing at lower and lower rates.
3. the op clearly fails to grasp the concept that it's a bad idea to get your information from a comedy show youtube video.
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1 .Dyna clearly fails to grasp the concept of multiple examples of waste like this one.
2. Dyna clearly fails to grasp the concept of looking further than his nose. Bt expecting growth to always outstrip debt. Which is why Debt v GDP is going the wrong way in far too many countries.
3. Dyna clearly fails to grasp the concept. As the graph shows.
Eventually, Debt v GDP will be like the last bank crash. The debt will be so high the countries involved won't be able to borrow enough to fund their spending. Then people who aren't the ones really responsible will be left to repay the money, or do without vital services. While the rich they kept voting for, run off to a palm beach, white sands island.