Page 4 of 7 FirstFirst ... 23456 ... LastLast
Results 31 to 40 of 64

Thread: What If We Paid Off The Debt? The Secret Government Report

  1. #31
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Yesterday @ 10:20 PM
    Gender
    Lean
    Independent
    Posts
    16,263

    Re: What If We Paid Off The Debt? The Secret Government Report

    Quote Originally Posted by Aunt Spiker View Post
    Yeah - what ARealconservative said about it: stocks. . .current administration would favor 'green stocks'

    But per the link in the OP Clinton's administration was eying stocks in Fannie/Freddie as well as investing in Triple-A plus bonds and Mortgaged backed securities: all the things that crashed and failed amid the recession.
    Which is why equity positions are an unacceptable way to invest public funds.Trust Fund FAQs

    By law, income to the trust funds must be invested, on a daily basis, in securities guaranteed as to both principal and interest by the Federal government. All securities held by the trust funds are "special issues" of the United States Treasury. Such securities are available only to the trust funds.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  2. #32
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Yesterday @ 10:20 PM
    Gender
    Lean
    Independent
    Posts
    16,263

    Re: What If We Paid Off The Debt? The Secret Government Report

    Quote Originally Posted by DaveFagan View Post
    It does appear that accumulation of "renminbi", precious metals, and OIL would be a sound policy.
    The values of these assets are not guaranteed. Do you understand why such a requirement is entirely necessary?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  3. #33
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 11:36 PM
    Lean
    Other
    Posts
    19,883

    Re: What If We Paid Off The Debt? The Secret Government Report

    Quote Originally Posted by cpwill View Post
    that's funny.


    looking at the chart it doesn't look that terribly similar - except somewhat in length, as the original 2001 Bush response was to depend heavily on tax credits which operate economically like a transfer payment; didn't work for him then, didn't work for him in 2008, didn't work for Obama in 2009, and doesn't seem to have worked for him in 2010 or 2011.
    It's funny how you think posting graphs that aren't actually relevant to my point disprove me.

    Care to look at the job increases coming out of Bush's recession? Or you going to be your standard partisan dishonest hack?

    looks like revenue did alright after that. though you are correct that the man spent way too much money.

    which according to Keynesian economic theory should have been a massive boost, so hey, what are you complaining about?
    Still unable to figure out what I was talking about eh Cpwill?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  4. #34
    Enemy Combatant
    Kandahar's Avatar
    Join Date
    Jul 2005
    Location
    Washington, DC
    Last Seen
    10-15-13 @ 08:47 PM
    Gender
    Lean
    Liberal
    Posts
    20,688

    Re: What If We Paid Off The Debt? The Secret Government Report

    Paying off the national debt would not be a good idea. It would mean that we were consistently running a surplus. That's fine during economic booms, but it's the last thing you want to do when the economy is in the doldrums. If you want to stimulate the economy, run a deficit (e.g. raise spending and/or cut taxes). If you want to put the brakes on the economy, run a surplus (e.g. cut spending and/or raise taxes).

    Ultimately we need to be running a surplus during good times and running a deficit during bad times, and over the full course of the economic cycle our national debt should not be growing faster than inflation.
    Are you coming to bed?
    I can't. This is important.
    What?
    Someone is WRONG on the internet! -XKCD

  5. #35
    Cheese
    Aunt Spiker's Avatar
    Join Date
    Oct 2009
    Location
    Sasnakra
    Last Seen
    09-10-16 @ 06:10 AM
    Gender
    Lean
    Moderate
    Posts
    28,433

    Re: What If We Paid Off The Debt? The Secret Government Report

    Quote Originally Posted by Kandahar View Post
    Paying off the national debt would not be a good idea. It would mean that we were consistently running a surplus. That's fine during economic booms, but it's the last thing you want to do when the economy is in the doldrums. If you want to stimulate the economy, run a deficit (e.g. raise spending and/or cut taxes). If you want to put the brakes on the economy, run a surplus (e.g. cut spending and/or raise taxes).

    Ultimately we need to be running a surplus during good times and running a deficit during bad times, and over the full course of the economic cycle our national debt should not be growing faster than inflation.
    Well - to make sure things don't wander away: this link in the OP isn't about *right now possibilities* it's about *what might have happened with Clinton's "surplus" possibilities*
    A screaming comes across the sky.
    It has happened before, but there is nothing to compare it to now.
    Pynchon - Gravity's Rainbow

  6. #36
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Yesterday @ 11:40 AM
    Gender
    Lean
    Conservative
    Posts
    57,148

    Re: What If We Paid Off The Debt? The Secret Government Report

    Quote Originally Posted by obvious Child View Post
    It's funny how you think posting graphs that aren't actually relevant to my point disprove me.
    it's funny how you rely on just-so statements.

    Care to look at the job increases coming out of Bush's recession?
    already posted the relevant information - you discounted it because it didn't say what you wanted, remember? Bush's job creation for the first couple of years sucked because his response in 2001 was seriously flawed, just as his response in 2008 was, and just as Obama's response was in 2009, 2010, and 2011. Bush got it right in 2003; making him 1 for 3. which still leaves him superior to Obama's score of 0 for 3.

    Or you going to be your standard partisan dishonest hack?
    I spent about 10 minutes trying to find an "Irony" poster that really captured the entertainment of you tossing around this charge, but man, even in the world of teh internets, nothing quite matched up.



    Still unable to figure out what I was talking about eh Cpwill?[/QUOTE]

  7. #37
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Yesterday @ 11:40 AM
    Gender
    Lean
    Conservative
    Posts
    57,148

    Re: What If We Paid Off The Debt? The Secret Government Report

    Quote Originally Posted by obvious Child View Post
    It's funny how you think posting graphs that aren't actually relevant to my point disprove me.
    it's funny how you rely on just-so statements.

    Care to look at the job increases coming out of Bush's recession?
    already posted the relevant information - you discounted it because it didn't say what you wanted, remember? Bush's job creation for the first couple of years sucked because his response in 2001 was seriously flawed, just as his response in 2008 was, and just as Obama's response was in 2009, 2010, and 2011. Bush got it right in 2003; making him 1 for 3. which still leaves him superior to Obama's score of 0 for 3.

    Or you going to be your standard partisan dishonest hack?
    I spent about 10 minutes trying to find an "Irony" poster that really captured the entertainment of you tossing around this charge, but man, even in the world of teh internets, nothing quite matched up.



    Still unable to figure out what I was talking about eh Cpwill?[/QUOTE]

  8. #38
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Yesterday @ 11:40 AM
    Gender
    Lean
    Conservative
    Posts
    57,148

    Re: What If We Paid Off The Debt? The Secret Government Report

    Quote Originally Posted by Kandahar View Post
    Paying off the national debt would not be a good idea. It would mean that we were consistently running a surplus. That's fine during economic booms, but it's the last thing you want to do when the economy is in the doldrums. If you want to stimulate the economy, run a deficit (e.g. raise spending and/or cut taxes). If you want to put the brakes on the economy, run a surplus (e.g. cut spending and/or raise taxes).
    that's an interesting. theory. seems rather easily testable too; falsifiability, they say, is key to the scientific process. Okay, over the past 4 years we have run a series of historically massive, outlier deficits. have the past four years been marked by significant economic boom times? are we rolling in the dough?

    Here's a list of nations by their deficit as a % of GDP. Shall we (say) go through and compare this list with a list of nations by growth in GDP, to put your hypothesis more thoroughly to the test? hey! look who is better than us when it comes to getting that good ole deficit spending out there! Greece! man, those guys must be sitting on top of the world! (checks second list) huh....that's odd....

  9. #39
    Sage
    PeteEU's Avatar
    Join Date
    Mar 2006
    Location
    Denmark
    Last Seen
    Yesterday @ 02:46 PM
    Gender
    Lean
    Centrist
    Posts
    29,092

    Re: What If We Paid Off The Debt? The Secret Government Report

    You cant pay of a national debt.. it is impossible. A country, like a company and people in general, need debt to do the day to day funding. People use credit cards, companies use credit lines and countries also need to have a certain amount of debt to function. This debt is both internally but also externally.
    PeteEU

  10. #40
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Yesterday @ 11:40 AM
    Gender
    Lean
    Conservative
    Posts
    57,148

    Re: What If We Paid Off The Debt? The Secret Government Report

    Quote Originally Posted by cpwill View Post
    it's funny how you rely on just-so statements.
    it is worth noting that it is also funny how, after thousands of posts, cpwill retains the computer illiteracy necessary to double post, and then fail in his attempts to delete and edit

Page 4 of 7 FirstFirst ... 23456 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •