I've argued this before.

You buy a $1000 bond that matures in 2025 into $1500.   What does the government do with that $1000 between now and then?

That's what they use to fund the deficit, smart guy.

But your numbers are WAY off. The yield on a ten year bond is less than 2%.

It's all just number manipulation.  None of that is "real" money.

Much like SS and Medicare, bonds are going to be a problem at some point if spending can't be controlled.   They do come due. 

The deficit is "funded" by a government that doesn't care about a deficit.   They don't need to sell another bond to continue to increase the deficit.

Posted by MikeT23 on 3/1/2013 5:48:00 PM (view original):
It's all just number manipulation.  None of that is "real" money.

Much like SS and Medicare, bonds are going to be a problem at some point if spending can't be controlled.   They do come due. 

The deficit is "funded" by a government that doesn't care about a deficit.   They don't need to sell another bond to continue to increase the deficit.

No, it's real money.

You buy your bond and the money pays for a bridge or a bureaucrat or a jet.

Stop talking about **** you know nothing about.

Posted by MikeT23 on 3/1/2013 5:30:00 PM (view original):
Just that if the government was selling enough treasury bonds, there wouldn't be a deficit.

Treasury notes aren't funding the deficit,

By definition, nothing funds a deficit. 

This is so funny I had to post it again.

Posted by bad_luck on 3/1/2013 5:59:00 PM (view original):

Posted by MikeT23 on 3/1/2013 5:30:00 PM (view original):
Just that if the government was selling enough treasury bonds, there wouldn't be a deficit.

Treasury notes aren't funding the deficit,

By definition, nothing funds a deficit. 

This is so funny I had to post it again.

Funny, because you don't understand it?

No, funny because it's horribly wrong...

Posted by MikeT23 on 3/1/2013 5:36:00 PM (view original):
Isn't the deficit the difference between revenue and expenditures?

Treasury bonds and international borrowing don't count as revenue...

You said you own a business.  If you take out a loan, do you report that as revenue?

Posted by bad_luck on 3/1/2013 5:50:00 PM (view original):

Posted by MikeT23 on 3/1/2013 5:48:00 PM (view original):
It's all just number manipulation.  None of that is "real" money.

Much like SS and Medicare, bonds are going to be a problem at some point if spending can't be controlled.   They do come due. 

The deficit is "funded" by a government that doesn't care about a deficit.   They don't need to sell another bond to continue to increase the deficit.

No, it's real money.

You buy your bond and the money pays for a bridge or a bureaucrat or a jet.

Stop talking about **** you know nothing about.

It isnt a technical debate over the nature of debt.

It is very simple.

The money the government takes in goes through the government filter so a large percentage is wasted.

So the Billion dollars they vote for a program only adds millions to the economy minus the waste.

That is why privitization is the answer, because even if you allow a resonable profit it is cheaper than paying for the government waste.

And that is why you cannot borrow and spend your way out of a recession.

Posted by tecwrg on 3/1/2013 8:23:00 PM (view original):

Posted by bad_luck on 3/1/2013 5:59:00 PM (view original):

Posted by MikeT23 on 3/1/2013 5:30:00 PM (view original):
Just that if the government was selling enough treasury bonds, there wouldn't be a deficit.

Treasury notes aren't funding the deficit,

By definition, nothing funds a deficit. 

This is so funny I had to post it again.

Funny, because you don't understand it?

What dahs said.

It's funny because mike argues like he has a clue but then he reveals himself to be a complete ******* moron.

Like when you said that government overspending is a good thing?

Posted by dahsdebater on 3/1/2013 9:37:00 PM (view original):
You said you own a business.  If you take out a loan, do you report that as revenue?

It's funds that can be spent. 

If I loan you $100 today, do you pretend you don't have it just because you have to pay me $120 next month?

As I said before, it's just numbers manipulation.   Every business does it.   So does our government.  The difference is that businesses can't run a deficit forever.  The government can.   The deficit isn't real money.   Your bank account isn't real money unless you withdraw it.  It everyone went to their bank on Monday and withdrew all their funds, our banking infrastructure would collapse within a day.  They do not have the actual funds to cover the accounts.   If the government had to "pay the bill" next week, the US would collapse.  It's not real money.

I do find it funny that BL understands the system but seems completely clueless as to how it's manipulated.  

As I said yesterday, I think it's possible that he's the dumbest son of ***** on this site.

Of course, that could be because he desperately wants to believe that Obama is leading us down the path to recovery.

However, much like his backpedaling on his doomsday scenario due to the sequester, he's just a master manipulator.    Folks like BL buy it hook, line and sinker.   Which would be funny if they weren't in the majority.