| ||||||
| Global Politics Debate US and International politics here. |
![]() |
| | LinkBack | Thread Tools | Display Modes |
| | #21 (permalink) | ||||||||||||||||||||||
| Block Captain ![]() Join Date: Mar 2007 Location: Adirondack Park, NY Gender: ![]() Posts: 448
| Quote:
"What's pernicious about deficits for conservatives is this. It makes big government cheap. What we're doing, we're turning to the country, the "conservative" administration turns to the country and says: We're going to give you a dollar's worth of government, we're going to charge you seventy five cents for it. And we're going to let your kids pay the other quarter." George Will Nov 30, 2003 I'd love to have it paid off. But my countrymen are not willing to do the prerequisite belt-tightening. Paying it off would call for an austerity budget the likes of which, the affects of which few can attest to from personal experience. Collectively, we don't want to lower our standard of living that far. So the drunken orgy continues. "Work is the curse of the drinking classes." Oscar Wilde | ||||||||||||||||||||||
| Sponsored Links |
| | #22 (permalink) | |||||||||||||||||||||
| Citizen ![]() Join Date: May 2007 Location: Mpumalanga, Zuid Afrika Gender: ![]() Posts: 72 Country: ![]()
| You don't want to pay-off debt because then there's less money in the economy. The debt adds about $6 Trillion USD to the US economy that's a HUGE amount of money to be used for growth and etc. "The biggest failure of Democracy in Africa is that unsophisticated, illiterate, uninformed and easily influenced citizens can replace those that fully sustain them with others that fully impoverish them." -- Unknown | |||||||||||||||||||||
| | #23 (permalink) | ||||||||||||||||||||||
| Block Captain ![]() Join Date: Mar 2007 Location: Adirondack Park, NY Gender: ![]() Posts: 448
| Quote:
Any U.S. federal debt is morally bad, in principle, because the ones spending the money are not the ones to whom the money belongs. It's simply a systematized means to swindle money from the unborn. Jam a large chef's knife into someone's back, and take $157.34 cents from them, and it's against the law. Mash a snub-nosed .38 into someone's ribs, and take $29.oo from them, and the police will be after you. Poke a .45 into somebody's belly, and take their brand new plasma TV (worth $3,000.oo), and you're a criminal. But run up a $Multi-Trillion $Dollar $debt: and divide it up amongst the estimated population of the United States, 301,942,302, and we see that each citizen's share of this debt is $29,175.94.U.S. National Debt Clock This is an institutionalized injustice which is in some ways more cruel than slavery. What have I done, to deserve being $30K in debt?! "Work is the curse of the drinking classes." Oscar Wilde | ||||||||||||||||||||||
| | #24 (permalink) | |||||||||||||||||||||
| Banned Join Date: Mar 2007 Posts: 694
| | |||||||||||||||||||||
| | #25 (permalink) | ||||||||||||||||||||||
| Head of Security Join Date: May 2005 Location: The Cradle of Liberty Gender: ![]() Posts: 10,352 Country: ![]()
| Quote:
Fight the good fight, and die with the enemy's heart in your hand. http://www.armysailor.com http://www.tadpolenet.com/techblog ------------------------------------ Check out my latest addition to the blogosphere Quixotic Journey | ||||||||||||||||||||||
| | #26 (permalink) | ||||||||||||||||||||||
| Block Captain ![]() Join Date: Mar 2007 Location: Adirondack Park, NY Gender: ![]() Posts: 448
| Quote:
Further, though the ~$29K figure may be the mathematical breakdown, many millions of those are children that don't file income tax. Many are prisoners, indigent, or for other reasons don't pay income tax. Eliminate them from the pool of payers, and that substantially increases the burden for those remaining that will pay. If only half will pay, that means the cost doubles, from nearly $30K, to nearly $60K! AND Please bear in mind, we are NOT paying down this debt. We're adding to it. So all the hundreds of $Billions of dollars we're paying is merely interest. We are not paying down the principle at all. And just the $interest we're paying is more than we budget for U.S. national defense (or was last time I checked). $8.8+ $Tril. is not chump change. "Work is the curse of the drinking classes." Oscar Wilde | ||||||||||||||||||||||
![]() |
| Bookmarks |
« Previous Thread
|
Next Thread »
| Thread Tools | |
| Display Modes | |
All times are GMT -5. The time now is 05:02 AM.








and divide it up amongst the estimated population of the United States, 301,942,302, and we see that each citizen's share of this debt is $29,175.94.









Linear Mode