Socialism Experiment Topic

toddcommish
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That seems to be Obama's attitude too.

If the debt goes up 7x, so does the payment on that debt.  If GDP isn't increasing by 7x during that same time, WE'RE LOSING GROUND, YOU ******* IDIOTS.
3/6/2013 1:50 AM
tecwrg
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bad_luck will tell you "Bah, it's just debt".
3/6/2013 5:57 AM
MikeT23
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Posted by caesari on 3/5/2013 8:23:00 PM (view original):
That's the question I'm asking too.

Why is 14 Trillion dollars in debt worse than 2 Trillion?

Anyone? Anyone?

Bueller?
Sure, I'll ask you the same question that I've been asking BL for a month.

Do you think that consumer confidence is tied to one thing and one thing only?   BL seems to think it's unemployment numbers. 

While I agree that people without jobs aren't going to do a great deal of spending, over 92% of Americans have jobs.   The "acceptable" level of unemployment seems to be 5%.   So, in essence, if you agree with BL, less than 3% of the US population is causing the problem.

My theory is the employed 92% is controlling the economy.   They hear no budget passed, runaway spending, lack of revenue, marginal tax increases, rising debt, increasing deficit, problems with medicare and social security, stagnant unemployment numbers, etc, etc, day after day after day.   And they have no confidence that our economy will improve any time in the near future.  Some may even believe that it will get worse.
3/6/2013 9:13 AM
MikeT23
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And now Obama has canceled tours of the White House because the US just can't afford it.

I sure hope he doesn't have a vacation to Hawaii planned in the near future.
3/6/2013 9:14 AM
bad_luck
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Posted by tecwrg on 3/6/2013 5:57:00 AM (view original):
bad_luck will tell you "Bah, it's just debt".
Sort of. Swamp was saying we are in a very specific danger because of the debt to GDP ratio. I was asking what that danger was. We've had a lot of debt for over 30 years. What danger exists now that didnt over the last 30 years?
3/6/2013 9:17 AM
tecwrg
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Posted by MikeT23 on 3/6/2013 9:14:00 AM (view original):
And now Obama has canceled tours of the White House because the US just can't afford it.

I sure hope he doesn't have a vacation to Hawaii planned in the near future.
I'm sure that wouldn't be cancelled.
3/6/2013 9:20 AM
tecwrg
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Posted by bad_luck on 3/6/2013 9:17:00 AM (view original):
Posted by tecwrg on 3/6/2013 5:57:00 AM (view original):
bad_luck will tell you "Bah, it's just debt".
Sort of. Swamp was saying we are in a very specific danger because of the debt to GDP ratio. I was asking what that danger was. We've had a lot of debt for over 30 years. What danger exists now that didnt over the last 30 years?
Interest accrued on $14t is a lot more than interest accrued on $2t.
3/6/2013 9:20 AM
bad_luck
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Posted by tecwrg on 3/6/2013 9:20:00 AM (view original):
Posted by bad_luck on 3/6/2013 9:17:00 AM (view original):
Posted by tecwrg on 3/6/2013 5:57:00 AM (view original):
bad_luck will tell you "Bah, it's just debt".
Sort of. Swamp was saying we are in a very specific danger because of the debt to GDP ratio. I was asking what that danger was. We've had a lot of debt for over 30 years. What danger exists now that didnt over the last 30 years?
Interest accrued on $14t is a lot more than interest accrued on $2t.
We pay about $200 billion a year in interest on $14 trillion in debt. That's not a bad deal.
3/6/2013 9:24 AM
tecwrg
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Posted by MikeT23 on 3/6/2013 9:13:00 AM (view original):
Posted by caesari on 3/5/2013 8:23:00 PM (view original):
That's the question I'm asking too.

Why is 14 Trillion dollars in debt worse than 2 Trillion?

Anyone? Anyone?

Bueller?
Sure, I'll ask you the same question that I've been asking BL for a month.

Do you think that consumer confidence is tied to one thing and one thing only?   BL seems to think it's unemployment numbers. 

While I agree that people without jobs aren't going to do a great deal of spending, over 92% of Americans have jobs.   The "acceptable" level of unemployment seems to be 5%.   So, in essence, if you agree with BL, less than 3% of the US population is causing the problem.

My theory is the employed 92% is controlling the economy.   They hear no budget passed, runaway spending, lack of revenue, marginal tax increases, rising debt, increasing deficit, problems with medicare and social security, stagnant unemployment numbers, etc, etc, day after day after day.   And they have no confidence that our economy will improve any time in the near future.  Some may even believe that it will get worse.
Speaking of Medicare and Social Security . . . I'd propose eliminating the $113,700 payroll "cap" on FICA contributions, at least for individuals.  I'd keep it on for businesses.  The individual cap is inherently retarded, and probably the biggest cause for all the concern about future funding for those two programs.  I'd also make that money untouchable (if it's not already) so that it can't be diverted elsewhere.
3/6/2013 9:26 AM
tecwrg
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Posted by bad_luck on 3/6/2013 9:24:00 AM (view original):
Posted by tecwrg on 3/6/2013 9:20:00 AM (view original):
Posted by bad_luck on 3/6/2013 9:17:00 AM (view original):
Posted by tecwrg on 3/6/2013 5:57:00 AM (view original):
bad_luck will tell you "Bah, it's just debt".
Sort of. Swamp was saying we are in a very specific danger because of the debt to GDP ratio. I was asking what that danger was. We've had a lot of debt for over 30 years. What danger exists now that didnt over the last 30 years?
Interest accrued on $14t is a lot more than interest accrued on $2t.
We pay about $200 billion a year in interest on $14 trillion in debt. That's not a bad deal.

Couldn't that $200b be better spent?

3/6/2013 9:27 AM
bad_luck
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Sure but we'd have to pay back $14,000,000,000,000 in debt first. I'd rather just pay the $200 billion.
3/6/2013 9:29 AM
tecwrg
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Interest is just money being ****** away.  Are you not aware of that?
3/6/2013 9:31 AM
bad_luck
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Yes, I'm aware of that. I'm not mike.
3/6/2013 9:35 AM
MikeT23
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No, you're a lot dumber because you don't seem to think 200b is that big of a deal.
3/6/2013 9:42 AM
MikeT23
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But, then again, that's probably just another version of "wasteful spending" which you insist is a good thing. 
3/6/2013 9:51 AM
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