Stop running up the National debt

Discussion in 'Politics' started by davidlee, Dec 6, 2012.

  1. davidlee
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    davidlee Member

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    As of Wednesday December 5th the United States National debt was calculated at $16, 338, 943, 716, 61 dollars. Every man women and child owes 53,775 for their share of the national debt. I hope these numbers shock people and make them realize what impact this has on our lives. This is a disgrace in my opinion. The American people should not be subject to have to pay for a debt that they had no part in creating.

    As most people know there is an ongoing argument discussion into what is being called the fiscal cliff. There’s a thing in place called the Bush tax cuts. On December 31st at midnight these tax cuts expire. To be honest I have no idea what it all entails. What I do know is it raises taxes on everybody. This in turn could prove as a disaster for the American economy

    The American economy is already a disaster in my opinion were a Country that spends too much on things. We as Country spend $11.00 for every $7.00 brought in. Ask yourself this if you ran your house like United State Government runs the Country we would all be homeless. This is a travesty to the future of this Country. The children of this Country deserve better
     
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  2. The Infidel
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    The Infidel EVIL CONSERVATIVE

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    I say lets go over the cliff... Lets ALL feel the pain together.
     
  3. occupied
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    occupied Gold Member

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    My Bush tax cut was not that much and made no noticeable difference in my life, only people who oppose taxation on principle are having a cow over them and while they never made a difference in any individual life the cost has added a lot to that debt. It is also important to note that the debt is piling up more from stuff congress spent on years and years ago rather than new spending programs which have declined pretty steeply from the last administration.
     
  4. ilia25
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    ilia25 I can do math

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    Stop screaming nonsense! Our biggest problem is a weak economy and the lack of jobs -- not the debt or deficits.
     
  5. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Your Income Tax only goes to pay the INTEREST on the National Debt, nothing else.
     
  6. Freemason9
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    Freemason9 Gold Member

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    You should understand that the federal debt is not at all comparable to consumer debt, household debt, or any other kind of debt. And, actually, you are needlessly alarmed by it. In some ways, federal debt is healthy under a federal reserve system--since an expanding economy requires an expanding money supply, and we expand our money supply by creating debt. (I know that sounds odd, but it is THE ONLY WAY the U.S. creates more money).

    This isn't to say that things can't get out of whack--tax policy since 1980, for example, has created a rapidly increasing debt level that accompanied highly concentrated wealth accumulation (and a consequent decline in middle class incomes).

    But I merely point these things out so that you can look more deeply into what the ramifacations of federal fiscal policy are in terms of federal debt, income, and wealth distribution.

    We have far greater issues than the federal debt, believe me.
     
  7. TakeAStepBack
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    TakeAStepBack Gold Member

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    :lmao:

    Where do you come up with this stuff?
     
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  8. Freemason9
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    Freemason9 Gold Member

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    Explain, then, how the U.S. monetary supply expands--in YOUR mind. This should be interesting.

    Nearly the entire U.S. money supply is based upon debt issuance.
     
  9. Votto
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    Votto Gold Member

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    Wrong!!

    The debt if more like $86 trillion.

    Cox and Archer: Why $16 Trillion Only Hints at the True U.S. Debt - WSJ.com

    What you are spoon fed by the two party system and the media is not accurate. Those in government are cooking the books like those in Wall Street.

    Until they are truthful with the American people and themselves about the real debt, just know it is all smoke and mirrors to try and gain support. In truth, raising or lowering taxes is like trying to empty or fill an ocean with a spoon. Neither party is interested in addressing the real problems.
     
  10. Freemason9
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    Freemason9 Gold Member

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    NO, the debt is nowhere near "$86 trillion." That is just trash stirred up by right wingers to excite their base. This number reflects future obligations without considering future revenue streams. It is hogwash.
     

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