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Why The National Debt Is Good For The Country
Manageable debt.
Its what every sucessful business has done.
Imagine if you were hired as a CEO and tried to run the company with a balenced budget and NEVER borrowed money.
You would be crushed by the competition.
Nearly every family in the world borrows money to buy big items like homes and cars.
7. When the government issues debt, it enriches the private sector, which encourages people to spend and invest. When people spend and invest, they create jobs and improve the economy.
You left out all the important reasons & made your argument completely one sided.
8. Increasing debt = Inflation. This is bad for most especially fixed income & savers. It is earnings & savings theft. A cruel tax. If the USG is going to print money then they should pay it to the people who they stole the value from. The savers. All that newly created currency should not go to government cronies first. They are getting to spend it first before inflation sets in. That is criminal in so many ways.
9. China is artificially devaluing their currency creating a de-facto export subsidy & import tariff. They have found a way around the WTO policy on protectionism.
A. Nobody's printing any money. Issuing Treasury bonds does not increase the money supply.
B. When corporations issue debt, does that also, in your mind, equal theft?
C. What does China have to do with anything?
7. When the government issues debt, it enriches the private sector, which encourages people to spend and invest. When people spend and invest, they create jobs and improve the economy.
[:
When the economy collapsed at the end of Bush's second term, a lot of Tea Party types were out buying shot guns shells and Kruggerands. The reason it didn't get to that point was because of government intervention.
The government could bring the unemployment rate down even more. But it would require even bigger deficits than the ones you're complaining about now.
Manageable debt.
Its what every sucessful business has done.
Imagine if you were hired as a CEO and tried to run the company with a balenced budget and NEVER borrowed money.
You would be crushed by the competition.
Nearly every family in the world borrows money to buy big items like homes and cars.
Last week Google had more readily available cash then the Fed.
Last week Google had more readily available cash then the Fed.
Which means Google is dirt poor and the Fed is filthy rich by liberal "logic". I mean, Google doesn't have to borrow money, so clearly they are in big financial trouble.
Liberal "logic" - seriously folks, you can't make this stuff up....
Last week Google had more readily available cash then the Fed.
Which means Google is dirt poor and the Fed is filthy rich by liberal "logic". I mean, Google doesn't have to borrow money, so clearly they are in big financial trouble.
Liberal "logic" - seriously folks, you can't make this stuff up....
It is official, the left is delusional. This mentality is demonstrates such ineptitude that it defies any rational explanation.
Name calling is not a substantive response. If you think I've said something delusional, you should say what it is.
If name-calling is just your knee-jerk reaction to reading something you don't understand, you should try to understand it so you can make an intelligent response.
Can one liberal explain to me, if deficit spending and debt is so beneficial, why is it not working? Under this president deficit spending and debt has increased more than any other president, so why is economic growth stunted?
Any number of liberals - or just plain economists - could explain it to you, if you read what they had to say.
Here's Paul Krugman, yesterday:
Given a crisis that should have been relatively easy to solve and, more than that, a crisis that anyone who knew macroeconomics 101 should have been well-prepared to deal with what we actually got was an obsession with problems we didnt have. Weve obsessed over the deficit in the face of near-record low interest rates, obsessed over inflation in the face of stagnant wages, and counted on the confidence fairy to make job-destroying policies somehow job-creating.
This is such a stupid, and there really isn't any other word to describe this thinking, that it is laughable if it weren't for the fact that we have a president that subscribes to this stupidity.
Whether Obama subscribes or not - and I don't doubt that he does - the fact remains that the deal he signed off on does the opposite of what's needed. It may be the best he could do, politically, but it's not what's best for the economy.
If national debt is beneficial what went wrong in Greece
This is so easily demonstrated to be absurd, though absurdity usually is.
The Greek and US situations are vastly different. For one, people are perfectly willing to lend the US money. Treasury rates are at historic lows. For another, our debts are denominated in our own currency.
Except we can't reduce unemployment because you people, in typical Communist fashion, want to punish those that are successful.
It is official, the left is delusional. This mentality is demonstrates such ineptitude that it defies any rational explanation.
Name calling is not a substantive response. If you think I've said something delusional, you should say what it is.
If name-calling is just your knee-jerk reaction to reading something you don't understand, you should try to understand it so you can make an intelligent response.
Can one liberal explain to me, if deficit spending and debt is so beneficial, why is it not working? Under this president deficit spending and debt has increased more than any other president, so why is economic growth stunted?
Any number of liberals - or just plain economists - could explain it to you, if you read what they had to say.
Here's Paul Krugman, yesterday:
Given a crisis that should have been relatively easy to solve and, more than that, a crisis that anyone who knew macroeconomics 101 should have been well-prepared to deal with what we actually got was an obsession with problems we didnt have. Weve obsessed over the deficit in the face of near-record low interest rates, obsessed over inflation in the face of stagnant wages, and counted on the confidence fairy to make job-destroying policies somehow job-creating.
This is such a stupid, and there really isn't any other word to describe this thinking, that it is laughable if it weren't for the fact that we have a president that subscribes to this stupidity.
Whether Obama subscribes or not - and I don't doubt that he does - the fact remains that the deal he signed off on does the opposite of what's needed. It may be the best he could do, politically, but it's not what's best for the economy.
If national debt is beneficial what went wrong in Greece
This is so easily demonstrated to be absurd, though absurdity usually is.
The Greek and US situations are vastly different. For one, people are perfectly willing to lend the US money. Treasury rates are at historic lows. For another, our debts are denominated in our own currency.
Manageable debt.
Its what every sucessful business has done.
Imagine if you were hired as a CEO and tried to run the company with a balenced budget and NEVER borrowed money.
You would be crushed by the competition.
Nearly every family in the world borrows money to buy big items like homes and cars.
Manageable debt.
Its what every sucessful business has done.
Imagine if you were hired as a CEO and tried to run the company with a balenced budget and NEVER borrowed money.
You would be crushed by the competition.
Nearly every family in the world borrows money to buy big items like homes and cars.
Really? Microsoft is one of the richest most powerful companies in America - and they operate with a $4 billion "war chest" at all times. Which tells me they are not wasting money on interest for loans when they can dip into that.
Again, only a monumental idiot thinks that is a good idea.
You left out all the important reasons & made your argument completely one sided.
8. Increasing debt = Inflation. This is bad for most especially fixed income & savers. It is earnings & savings theft. A cruel tax. If the USG is going to print money then they should pay it to the people who they stole the value from. The savers. All that newly created currency should not go to government cronies first. They are getting to spend it first before inflation sets in. That is criminal in so many ways.
9. China is artificially devaluing their currency creating a de-facto export subsidy & import tariff. They have found a way around the WTO policy on protectionism.
A. Nobody's printing any money. Issuing Treasury bonds does not increase the money supply.
B. When corporations issue debt, does that also, in your mind, equal theft?
C. What does China have to do with anything?
Like all liberals do, now you are contradicting yourself. In your very first post to start this thread, you cited "Our debt is denominated in dollars. We can create as many as we want. Now you turn around and say "A. Nobody's printing any money".
This just shows how confused you are about economics and proves you truly have zero idea what you are talking about.
Manageable debt.
Its what every sucessful business has done.
Imagine if you were hired as a CEO and tried to run the company with a balenced budget and NEVER borrowed money.
You would be crushed by the competition.
Nearly every family in the world borrows money to buy big items like homes and cars.
By your own "logic", that means the people who have had their houses foreclosed on over the past few years are wealthier than Bill Gates who is sitting on billions and who has no debt.
Wow. I mean, seriously, just wow.....
Manageable debt.
Its what every sucessful business has done.
Imagine if you were hired as a CEO and tried to run the company with a balenced budget and NEVER borrowed money.
You would be crushed by the competition.
Nearly every family in the world borrows money to buy big items like homes and cars.
By your own "logic", that means the people who have had their houses foreclosed on over the past few years are wealthier than Bill Gates who is sitting on billions and who has no debt.
Wow. I mean, seriously, just wow.....
Description of Straw Man
The Straw Man fallacy is committed when a person simply ignores a person's actual position and substitutes a distorted, exaggerated or misrepresented version of that position. This sort of "reasoning" has the following pattern:
1. Person A has position X.
2. Person B presents position Y (which is a distorted version of X).
3. Person B attacks position Y.
4. Therefore X is false/incorrect/flawed.
This sort of "reasoning" is fallacious because attacking a distorted version of a position simply does not constitute an attack on the position itself. One might as well expect an attack on a poor drawing of a person to hurt the person.
