Socialism Experiment Topic

bad_luck
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Posted by MikeT23 on 3/11/2013 1:25:00 PM (view original):
No "and".   Just seems that printing more money means the debt isn't real. 

As an example, I use my credit card and charge $100.    I then use my money printing machine and make a $100 bill.   My credit card debt isn't real because I'll just keep printing money.

I guess you don't see it that way.
And, in your example, the cc bill is still real. It's the money you are using to pay the bill that isn't.
3/11/2013 1:28 PM
bad_luck
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And really? You're going to argue about this? The guy that thinks the government could eliminate the deficit by selling more treasury bonds?
3/11/2013 1:30 PM
MikeT23
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No, I have no intention of arguing with you.

If you can print your own money, debt isn't real.  

No argument about it.
3/11/2013 1:41 PM
bad_luck
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Posted by MikeT23 on 3/11/2013 1:41:00 PM (view original):
No, I have no intention of arguing with you.

If you can print your own money, debt isn't real.  

No argument about it.
The debt is still real. That money wouldn't be. But the treasury can't legally print money to pay debts.
3/11/2013 1:46 PM
seamar_116
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So for those of you saying the debt is a big deal, are you also critical of the economic policies of Reagan and G.W. Bush?
3/12/2013 5:31 AM
tecwrg
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Was the debt $16 trillion under Reagan or Bush?
3/12/2013 7:33 AM
antoncresten
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SURPLUS BEFORE THE DUBYA DISASTER

AND MIKETTTY SUPPORTED THE IRAQ WAR AND DUBYA FULLY

BIGGESTDISASTER EVAH
3/12/2013 7:54 AM
seamar_116
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Posted by tecwrg on 3/12/2013 7:33:00 AM (view original):
Was the debt $16 trillion under Reagan or Bush?
So it's not the principle of debt that is the issue, it is the amount? Is that the argument now?
3/12/2013 7:58 AM
tecwrg
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I think that's always been the argument.
3/12/2013 8:15 AM
MikeT23
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There's something called manageable debt.   I think those complaining about our current debt don't believe that's the case now.  Perhaps because our representatives can't even pass a budget. 
3/12/2013 9:17 AM
bad_luck
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Posted by MikeT23 on 3/12/2013 9:17:00 AM (view original):
There's something called manageable debt.   I think those complaining about our current debt don't believe that's the case now.  Perhaps because our representatives can't even pass a budget. 
How exactly is the debt unmanageable?
3/12/2013 9:19 AM
MikeT23
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How exactly is the debt manageable?

http://www.brillig.com/debt_clock/
3/12/2013 9:25 AM
bad_luck
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So your answer is, "it's a really high number."

That doesn't make it unmanageable. The debt has been a really high number for over 30 years. The interest payments are less than 6% of the budget and we are in no danger of default.
3/12/2013 9:32 AM
tecwrg
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"It's just debt"
3/12/2013 9:33 AM
MikeT23
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When was a budget passed?
3/12/2013 9:37 AM
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