National Debt

The Joker

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A

azbob

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Nicely done Joker.

Now, if that was my budget, here is what I would not do:

1) decide to repave the front driveway because it might be developing a few cracks
2) get each of my kids a tutor
3) pay my neighbor to start using the same housekeeper I have because she really needs the money
4) allow three people, not related to me and who I don't know, to live in a tent in the backyard with me giving them money for food and healthcare and paying to enroll their kids in school
5) sign a contract to buy solar tiles for my roof after being told that they might work and, if they do, I would get a 1:1 ROI in thirty years
6) agree to continue to send my unemployed neighbor $300 a month because he can't find a job

BUT....I would do all of those things if I was running for something and needed votes from the paving company, teachers association, neighborhood association, minorities, small business and young people.
 

Skulnik

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Nicely done Joker.

Now, if that was my budget, here is what I would not do:

1) decide to repave the front driveway because it might be developing a few cracks
2) get each of my kids a tutor
3) pay my neighbor to start using the same housekeeper I have because she really needs the money
4) allow three people, not related to me and who I don't know, to live in a tent in the backyard with me giving them money for food and healthcare and paying to enroll their kids in school
5) sign a contract to buy solar tiles for my roof after being told that they might work and, if they do, I would get a 1:1 ROI in thirty years
6) agree to continue to send my unemployed neighbor $300 a month because he can't find a job

BUT....I would do all of those things if I was running for something and needed votes from the paving company, teachers association, neighborhood association, minorities, small business and young people.

:142smilie
 

Woodson

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Nicely done Joker.

Now, if that was my budget, here is what I would not do:

1) decide to repave the front driveway because it might be developing a few cracks
2) get each of my kids a tutor
3) pay my neighbor to start using the same housekeeper I have because she really needs the money
4) allow three people, not related to me and who I don't know, to live in a tent in the backyard with me giving them money for food and healthcare and paying to enroll their kids in school
5) sign a contract to buy solar tiles for my roof after being told that they might work and, if they do, I would get a 1:1 ROI in thirty years
6) agree to continue to send my unemployed neighbor $300 a month because he can't find a job

BUT....I would do all of those things if I was running for something and needed votes from the paving company, teachers association, neighborhood association, minorities, small business and young people.

It would never work. It makes too much sense.

Nice thread.
 

Trench

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5) sign a contract to buy solar tiles for my roof after being told that they might work and, if they do, I would get a 1:1 ROI in thirty years
Bob, you live in Arizona and you don't use solar panels? :shrug:

You must have 300 days of sunshine a year there at Del Boca Vista.
 
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The Sponge

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Nicely done Joker.

Now, if that was my budget, here is what I would not do:

1) decide to repave the front driveway because it might be developing a few cracks
2) get each of my kids a tutor
3) pay my neighbor to start using the same housekeeper I have because she really needs the money
4) allow three people, not related to me and who I don't know, to live in a tent in the backyard with me giving them money for food and healthcare and paying to enroll their kids in school
5) sign a contract to buy solar tiles for my roof after being told that they might work and, if they do, I would get a 1:1 ROI in thirty years
6) agree to continue to send my unemployed neighbor $300 a month because he can't find a job

BUT....I would do all of those things if I was running for something and needed votes from the paving company, teachers association, neighborhood association, minorities, small business and young people.

Bob any chance u know what happen to that surplus that was left to total republican control back in 00?
 

BobbyBlueChip

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Nicely done Joker.

Now, if that was my budget, here is what I would not do:

1) decide to repave the front driveway because it might be developing a few cracks
2) get each of my kids a tutor
3) pay my neighbor to start using the same housekeeper I have because she really needs the money
4) allow three people, not related to me and who I don't know, to live in a tent in the backyard with me giving them money for food and healthcare and paying to enroll their kids in school
5) sign a contract to buy solar tiles for my roof after being told that they might work and, if they do, I would get a 1:1 ROI in thirty years
6) agree to continue to send my unemployed neighbor $300 a month because he can't find a job

BUT....I would do all of those things if I was running for something and needed votes from the paving company, teachers association, neighborhood association, minorities, small business and young people.


Unless the pavers, the tutors, the housekeeper, the solar tile company and it's employees, and their vendors and their vendors' employees, and their vendors' vendors and their vendors' vendors' employees were paying my income. Because I wouldn't want the $21k to turn into $14k. . . .
 

Duff Miver

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Actually it's been worse in the past -

DebtPercentGDPFull-821x565.jpg


And how did we pay it off? Like this -

Historical_Federal_Top_Marginal_Tax_Rates_History.jpg


But wait...high taxes kill jobs and economic growth, right?

Apparently not -

6a00e554717cc988330148c7726480970c-450wi


UEMPMED_4-2-101.png
 

ssd

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Worse in the past because of WWII - which was an important war......

Growth post WWII was amazing. I do not believe that higher tax rates were the root cause of the paying down the deficit. Having a strong economy with lots and lots of taxpayers was more important, IMO. Who knows how much better the economy could have been with lower top rates? We'll never know.....

We were also a creditor nation bank then rather than a debtor nation.

Big difference.
 

The Sponge

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It is a myth :142smilie Nobody said anything about leaving a surplus on the debt. I wonder how much the debt grew with the deficit surplus? I would be willing to bet my life that the debt grew a whole helluva lot slower with the deficit surplus then it did when the three stooges got total control. That would be Bush, Cheney and the Hammer. Is the Hammer still in jail? Does Cheney ever leave American anymore? Last i heard he is terrified to leave because he might get thrown in another countries jail. Im surprised Dtb isn't here telling us how it was because the Republicans had control in the house :142smilie Then when they had total control everything went to shit and he blamed it on a Clinton recession :142smilie
 

Skulnik

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It is a myth :142smilie Nobody said anything about leaving a surplus on the debt. I wonder how much the debt grew with the deficit surplus? I would be willing to bet my life that the debt grew a whole helluva lot slower with the deficit surplus then it did when the three stooges got total control. That would be Bush, Cheney and the Hammer. Is the Hammer still in jail? Does Cheney ever leave American anymore? Last i heard he is terrified to leave because he might get thrown in another countries jail. Im surprised Dtb isn't here telling us how it was because the Republicans had control in the house :142smilie Then when they had total control everything went to shit and he blamed it on a Clinton recession :142smilie

Then when they had total control everything went to shit and he blamed it on a Clinton recession

Sponge, sounds like Obama, had control of congress and shoved Obamacare down our throats, then he wants to BLAME Bush for the JOB market, I guess you CAN'T see it.

PITY REALLY.

JMHO

:facepalm:
 

DOGS THAT BARK

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CHANGE---

POVERTY SOARS

SETS NEW RECORD <!-- Main headlines links END --->

<HR>
OBAMASCARE: 1.5 million lose health insurance from employers...

2 million added to gov't rolls...

Number of uninsured rises by nearly 1 million...


<! TOP LEFT STARTS HERE><TT>46.2 million Americans are now poor...
22% of children in poverty...
Dramatic drop in median income...
Likely to worsen... <!-- Main headlines links BEGIN --></TT>

--and we get bogus charts and--

YES WE CAN

from-- DA BASE :nooo: <!-- Main headlines links END ---><!-- Main headlines links END --->
 

The Sponge

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CHANGE---

POVERTY SOARS

SETS NEW RECORD <!-- Main headlines links END --->

<HR>
OBAMASCARE: 1.5 million lose health insurance from employers...

2 million added to gov't rolls...

Number of uninsured rises by nearly 1 million...


<! TOP LEFT STARTS HERE><TT>46.2 million Americans are now poor...
22% of children in poverty...
Dramatic drop in median income...
Likely to worsen... <!-- Main headlines links BEGIN --></TT>

--and we get bogus charts and--

YES WE CAN

from-- DA BASE :nooo: <!-- Main headlines links END ---><!-- Main headlines links END --->

This all started when they tax laws change from the Clinton era. You were a big supporter of this even tho u got dick compared to ur corporate masters. This also started when we invaded Iraq which u were a big supporter of. Anyone with an ounce of sense knows what a disaster that has been for our country. Once again u were a big supporter of both of these issue and if u ask any economist worth a piss they would say this is a big reason why this country is in the mess it is today. Obama has continued these policies that you strongly supported. So tell me u dumb backwards idiot what are u complaining about? These are policies we told u before hand that would kill this country but u supported them. Again what the fuk are u complaining about? I know u talk out of both sides of ur mouth but do u know people can actually see what u are posting. U know that right? Which side are u on u partisan parrot? U supported all of this and Obama has come thru for u and ur support, but somehow all of a sudden you are against these policies :shrug: You can pass this shit off to people who are new here but if the new guy went back and checked ur old post they would think u were either the biggest hypocrite on the planet or just some dumb hillbilly that didn't know any better.
 

Trampled Underfoot

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You can pass this shit off to people who are new here but if the new guy went back and checked ur old post they would think u were either the biggest hypocrite on the planet or just some dumb hillbilly that didn't know any better.

:toast:
 

Duff Miver

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Worse in the past because of WWII - which was an important war......

Growth post WWII was amazing. I do not believe that higher tax rates were the root cause of the paying down the deficit. Having a strong economy with lots and lots of taxpayers was more important, IMO. Who knows how much better the economy could have been with lower top rates? We'll never know.....

We were also a creditor nation bank then rather than a debtor nation.

Big difference.

WWII or whatever, we borrowed a lot of money. The amount matters, the cause does not.

Lots and lots of taxpayers? Not so. There is a much larger percentage of the population employed now -

mcafee-fig04_036.jpg


ssd, please explain how being a debtor nation as opposed to being a creditor nation affects unemployment. I'm all ears.
 
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