Joshua G

they say nothing about it, not a word. not from the democrats, not from the liberal media, not from GFY liberals.

NOTHING.

just like spoiled trust fund kiddies, & entitled takers...no concept of living within means...

so the REAL democrat position on the debt? spend the country into bankruptcy.

vote for hilary!

Joshua G

do any GFY liberals even know how large the national debt is? how about the deficits proportion of total federal spending, any idea? anything?

you have no clue.

Joshua G

did you know the national debt was only 10 trillion in 2010, & now 20 trillion, thanks to obama.

nobody on earth has put this country in more debt than democrats.

10 more trillion in debt, while the economy has been growing during 7 of 8 obama years. why do liberals deficit spend when the economy is growing?

is there any scenario in the world that a liberal is not deficit spending?

RobertL

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Joshua G

um, the error in the article is that printing money endless is pain free. this is historically, & ginormously, inaccurate.

there is no such thing as too big to fail.

Barry-xlovecam

The financial position of the United States includes assets of at least $269.6 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP) [a] as of Q1 2014.

As a nation the US is credit worthy.
https://en.wikipedia.org/wiki/Financ..._United_States

Relic

Joshua G

oh, so the government can go & take money out of private peoples bank accounts if the budget crashes?

& what good is 124 trillion of worthless currency, due to money printing? 124 trillion times zero, equals zero.

Joshua G

so far the 2 responses are, the fed can print money forever, no problem regardless of history, & the government can leverage other peoples private assets.

still not a word about balancing a budget being better than a deficit. just excuses to spend other peoples money, endless.

liberals.

woj

it's already happening, they want to confiscate people's wealth through taxation... it's hard to find a single speech by a liberal politician that doesn't mention "raising taxes"... they tag on "on the rich" and it fools many people, but it's all just a red herring...

take a look at for example the whole ObamaCare disaster... who is getting fucked by that? the "rich" already have health insurance, so it doesn't effect them in any way...

while the middle class, has a tough choice... either pay 2%+ tax penalty... OR buy overpriced insurance and subsidize those less healthy than themselves... whichever option they pick, they get fucked...

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crockett

Does anyone know the right size sock to stuff in DynaMo's mouth so he stops crying?

Joshua G

cant defend the liberal position, resort to ad hominem.

Joshua G

respectfully. i wish the GOP would come up with a vision for health care, that does not protect price gouging by insurers & drug companies & hospitals. their abusive monopoly practices make the national debt worse.

Relic

Barry-xlovecam

The government could just tax all of the country's assets a small assessment of 4% or 5% over a period of 5 years and retire all of the debt obligations that become due during that time period. That would be a substantial debt reduction amount. However, if you can sell new debt at 1.50% to 2.25% coupon rate for 10 years or 30 years that is pretty cheap.

A country's fiat currency is worth what the assets of the country are.

If you don't think that the government can try to take a chunk of your money or asset value by currency devaluation or inflation you never read a history book.

Joshua G

what fucking thread are you reading? thats exactly what im talking about...the Fed devaluing the currency to zero by endlessly printing money, to keep bailing out rich peoples bubbles, & the governments...& liberals fixing spending problems with punitive taxes...

thank you for re-enforcing my point.

Barry-xlovecam

If you want to blame someone Richard Nixon devalued the US currency twice and started high inflation probably before you were born.

But you don't understand credit and money -- the debt ratio of the USA is better than most countries. Research over the past 50 years of GNI, GDP and US federal debt. I am not going to do it for you.

It is not that bad if you consider the currency devaluation after Nixon abandoned Bretton Woods -- gold had been $38
https://en.wikipedia.org/wiki/Bretto...em#Nixon_Shock

1. Gold was $38 in 1971 it's $1327 today
   
2. $1 in 1971 is worth $0.17 today
   
3. The DJIA high in ws 950 1971 it's 18500 today

When I look at FOREX I have to say that the US Dollar is the best of the worst.

Joshua G

so its OK to go bankrupt, because other countries are doing it, too. your like a guy with a room in his house on fire, saying no big deal, because half the house is still standing, & other houses are burning worse.

your still deflecting that its not OK to deficit spend. If it is OK, why not simply issue 100 quadrillion in bonds & hand it out to the citizens? everyone will be millionaires.

what could go wrong?

slapass

She has been pretty clear on a lot of it. But here is a comparison for you - Promises and Price Tags: A Fiscal Guide to the 2016 Election | Committee for a Responsible Federal Budget

slapass

Your guy wants to reduce taxes and increase spending. You might want to back up on this one as Trump is crazy bad on the budget stuff.

crockett

Not to mention he wants to lower taxes and massively increase military spending.

Right wingers are always dumb like this, they whine about taxes then try to lower them but then they go crazy with spending on the military so all those big military contractors makes big profits..

The funny part is they never really lower the taxes they just move it around so you are paying elsewhere.

Paul Markham

I would raise taxes so the people pay for the services they demand. Or let the private sector teach the right wing what it would cost if companies did the work.

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The Porn Nerd

I would say the liberal position would be doggy style.

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Paul Markham

Let me explain why countries have such huge debts.

It costs money to run a country. Allowing millions of low paid workers into a country reduces wages and increases benefits, the adage more workers = more taxes. Is bullshit.

Also allowing companies like Apple to do business in one country, funnel all the profits to a country with a lower tax rate, lowers tax revenues.

Fighting wars in countries where there is no benefit of fighting them is expensive.

There are a few places that Government money needs no be spent. In the last 20 years, the US has given $250 billion to farmers rather than let the market decide the price. Price rises in the shops = lower debt.

The biggest reason for National Debt is stupidity of voters. You keep voting for Governments that allow the top 1% to pay too little and scared to raise your taxes to make up for that shortfall and in politicians in the pockets of the 1%.

As real GDP falls, eventually the shit wil hit the fan. Then what will our children do?

And if you think it won't, look at weho owns the debt and so much of your country.

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Barry-xlovecam

CZ is a great example LMAO

Pay more for less work. The downward spiral economic theory ...

Barry-xlovecam

Vote
- See more at: The Median Net Worth Of US Households Over Time Has Gone Nowhere | Financial Samurai

What Happened in the USA in 1980?



The US national debt in 7 times more in 1971 dollars today than it was in 1971.

I was in high school in 1971 I live better today than I did then -- FAR BETTER. Look in the mirror if you want someone to blame. The world owes no one a damn thing -- you have to work smart or you will always be a serf.

I am just cherry picking charts and polls -- read this guy's blog and you will see what I mean -- I am still laughing inside.

woj

there will never be a solution until someone acknowledges what the core of the problem is: high prices.... forcing people to buy health insurance does nothing at all to lower prices... nor would "universal healthcare"... as both raise demand for healthcare... and since supply of healthcare is fixed, anyone who took basic economics course would know that increasing demand, while holding the supply constant causes prices to rise...

so any pitched solution must either lower demand and/or increase supply of healthcare... some possible ways to accomplish that would be to for example: make it easier for MDs to immigrate to US to practice medicine, subsidize medical education, loosen laws to allow lower ranking medical professionals like nurses to practice medicine in some situations, etc...

however, these solutions are not very popular as they would increase competition in the medical field, lowering profits...

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C H R I S

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woj

^^^ that infographics is only for first 2 years of his presidency till 2011, so it's meaningless...

this one illustrates better what has been going on:



as you can see debt literally exploded, nearly doubling since he took office in in 2009....

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Joshua G

has obama had a single budget deficit under 500 billion per year? its gonna take a LOT of millenials, & the children of millenials, to payoff obamas debt, if it ever gets paid off at all!

more likely a republican will have to be elected to clean up the liberal mess.

Joshua G

seriously libs, look at WOJs chart. The economy GREW in all those deficit years.

WHY??? why cant obama, when he has a GOP congress, get the deficit under control? why does he fight so hard for deficit spending, he will shut down the government to keep the red ink flowing?

its a fucking joke that anyone defends this.

Joshua G

nice job embarrasing yourself by posting distorted data, liberal. this is the same way liberals fudge the polls...manipulate the data!

woj

US will not get out of debt within our lifetimes... even if by some miracle that 500B+ deficit becomes 500B surplus, it would take nearly 2 DECADES to undo the damage that just our last president has done...

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Paul Markham

So you are doing fine, while your country sinks further into debt, which the next generation will have to pay. The problem for them is they will be earning less.

Greed is for the shortsighted.

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Paul Markham

Debt is more money flowing into an economy than the country earns. It increases wages of the citizens of that country, money they spend. So that debt is putting more money into your pocket. Are you prepared to take a cut in earnings to reduce that debt?

Or do you think cutting Government spending won't effect you?

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Paul Markham

This is one of the main reasons for debt.

https://www.theguardian.com/business...MCNEWEML6619I2

Apple is just one of 100,000s who want to do business in one country and not pay taxes to ensure that country operates properly.

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pimpmaster9000

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