danielpalos
Diamond Member
- Banned
- #361
I usually defer to, Boss or Ding, when it is about socialists refusing to "compete", like capitalists; when I just need, propaganda and rhetoric.I haven't been "listening" to anybody I'm able to read, think for myself and understand how our economy works.China is the largest foreign holder of our debt. Right behind them is Japan. Then there are a host of other foreign governments along with some domestic holders. Why does it matter to you who holds most of our debt? It's still debt and interest still has to be paid on it. Currently, that interest amounts to about half our defense budget. You don't think it's a problem because of some kooky nonsense about the interest paying for our retirements. Sounds like you've been listening to some Keynesian blow smoke up your ass and it gave you a boner.The guy that claims china owns the majority of our debt and rejects the idea that American citizens, governments, and businesses own a piece of the pie, can't really do much damage by calling me an idiot.Those are 'arguments' you've cajoled me into so you can apparently show off. Rather than sticking with the topic of the thread, lefties prefer to flit about from one rhetorical meme to another until complete boredom sets in where they proclaim victory.Like my other posts, no arguement is being presented, simply facts about how our economy works. You making claims that China owns the majority of our debt and that our countries debt is similar to a person with credit card debt shows me that you don't fully understand how these large scale economics operate.Your article supports my argument!
Glad you read it.
I simply challenged the predictable lefty meme about slashing the military budget and you set out to retort your nonsense regarding debt and economics, neither of which you seem to know much about. But knowing about things isn't important to lefties, it's all about running game clock and avoiding thread topics.
We weren't talking about foreign interest, we were talking about interest. You said China owned the majority and that was incorrect. I asked who owned the rest of it and you dodged. You either didn't know that the rest of the interest was owned domestically or you were trying to avoid admitting it, but I'm not sure why you'd do that.
The conversation started with bringing foreign money back to the US and moved towards a discussion about the debt and government spending. Can't have an intelligent conversation about it if you don't understand how it works. Can't have an intelligent conversation if you act defensive and attacking when you don't know an answer. How about you put your ego aside for a minute and open yourself up to learning something. It's the same bullheaded, uncompromising, know it all attitude that you are displaying that is causing the partisan gridlock in Washington. It's toxic. Grow up.