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Thread: State of the Union Address

  1. #521
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    Re: State of the Union Address

    Quote Originally Posted by Catawba View Post
    So by your reasoning, I am not responsible for the debt for our excessive military spending, or the optional wars in Korea, Vietnam, and Iraq?
    You were at least born and had a chance at having a say.
    The comparison is not equivalent.

    I, nor anyone else in my generation had a say.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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    Re: State of the Union Address

    Quote Originally Posted by Dickieboy View Post
    Again, false premise. Workers losing a job is a loss of revenue source but his ability to generate revenue from another employer is not reduced. There are laws that require employers to PAY employees for labor worked, receiving revenue. There are no laws to protect investors revenue. If an investment is lost its lost WITHOUT the ability to generate revenue somewhere else, ESPECIALLY if a business fails.
    An investor, or an owner of a business is completely lost either when a business fails. They too can either go to work for someone else, or if they're good at this, regroup and try again. There are even places that help small business. In fact, here, we help them all the time, right out of the college funds.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  3. #523
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    Re: State of the Union Address

    Quote Originally Posted by Harry Guerrilla View Post
    The elderly are the wealthiest in our society.

    Why do think a regressive tax on the less wealthy is a good thing?
    Seems like you're supporting taxing the poor, to benefit the rich.

    The Rising Age Gap in Economic Well-Being | Pew Social & Demographic Trends
    As a whole maybe but lets see the actual numbers of wealthy seniors?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  4. #524
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    Re: State of the Union Address

    Quote Originally Posted by Boo Radley View Post
    Same reason anyone pays taxes. They benefit from government services, so they contribute to paying for them. It's not a secret.

    What benefits the economy is a growing economy and job creation. Investment capital is designed to do both

  5. #525
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    Re: State of the Union Address

    Quote Originally Posted by Harry Guerrilla View Post
    Reducing spending and slightly increasing taxes to pay the interest plus a little more principle, is all that is necessary.
    Of course we can just inflate our way out of it.
    That's pretty much just sustaining the current balancing, not substantially reducing it.

    Inflating our way out is what got is in...

    The government lovvvvvvvvvvesssss inflation so much so that they create it by printing, printing, printing, printing, printing...well...you dig what I'm saying.

  6. #526
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    Re: State of the Union Address

    Quote Originally Posted by Catawba View Post
    As a whole maybe but lets see the actual numbers of wealthy seniors?
    So do you support the current structure, where the average senior is wealthier and the average less wealthy people should pay for them?
    I know before you said you don't like regressive taxes.

    Have you changed your stance on this?
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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    Re: State of the Union Address

    Quote Originally Posted by Free_Radical View Post
    Well, our money is given its value by its monopoly status, but that's neither here nor there. The point is that "cash money" is a real economic asset that can be used to pay down the liabilities incurred by SS, whereas Treasury Securities are nothing more than government debt, which is the exact opposite of a government asset; indeed, a Treasury Security is a government liability.



    I think you're a bit confused. Treasury Securities are not assets on the government's balance sheet, they are liabilities. "Cash money", on the other hand, is an economic asset. That's the difference between financing the SS "trust fund" with Treasuries and cash. One is government borrowing and the other is not.

    Brian
    Okay, here is how it works. For decades our payroll taxes have exceeded the amount necessary fund SS on a day-to-day basis. So what happens to that surplus? On the one had, Treasury could take that cash money and fill up warehouses with it -- the warehouses of cash. But with inflation, cash naturally loses value over time. So what they do -- by law -- is pay that cash to the Treasury in return for Treasury notes that at least pay some interest. The cash is *converted* into Treasury notes. The treasury notes can be converted back to cash to pay for SS benefits when necessary. The ledger would not be different if they skipped the conversion step, except to the extent that SS would lose the interest payments.

  8. #528
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    Re: State of the Union Address

    Quote Originally Posted by Removable Mind View Post
    That's pretty much just sustaining the current balancing, not substantially reducing it.

    Inflating our way out is what got is in...

    The government lovvvvvvvvvvesssss inflation so much so that they create it by printing, printing, printing, printing, printing...well...you dig what I'm saying.
    I think to cover the interest it would take 547 billion, add another 3 billion and we're slowly reducing the debt.
    Of course we'd have to adjust other expenditures, to stop borrowing.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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    Re: State of the Union Address

    Quote Originally Posted by Catawba View Post
    As a whole maybe but lets see the actual numbers of wealthy seniors?
    The elderly have more total wealth but as a rule they have little or no earned INCOME. They rely on the fixed income derived from their wealth to get by.

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    Re: State of the Union Address

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    I'm coming to see that no matter what law we regulate, be it the stand your ground act, there is never an objective morally right answer to any morale question; in fact, since there are multiple objectively right answers to every moral question that leaves us with a lot of grey area and a lot of black area (not in the racial since).
    -Jryan

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