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Thread: Govt. borrows 46 cents of every dollar it spends

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Hairytic View Post
    First of all, we should have never went into Iraq.
    But you did. And after that you have to win. Losing wars and establishing a reputation as a loser is not a good thing

    It is not our place to tell other countries how to run things.
    Quite often it is. That's why we have NATO, the UN, and other international organizations, treaties, etc. You don't think we didn't tell Hitler or Mussolini how not to run things?

    The UN governs UN members and the US shouldn't step outside of UN authority.
    The UN is a corrupt authority which serves mainly as a forum for dictatorships. It should not influence any democracy's self determination.

    Other countries don't like the way we run our country
    So what? These countries are usually third world backwaters where there is undereducation and a lack of human rights.
    and if another country tried to come here and take over, we would view that as wrong.
    That's pretty tough talk.

    We can't conduct our business with double standards. That gives us a bad reputation and the world will start seeing us as the ones who need to be taken out.
    Which world are you referring to? In fact much of the world wants to live in America, or at least it did when America represented the democracies and a secure place to invest.

    The President can follow the guidelines set forth by TARP, which congress enacted and GW Bush signed into law. TARP grants the president the power to help companies that are troubled as to avoid the problems it would cause to the economy. Obama bailing out the auto industry, for example, saved jobs and prevented the economy from going into a deeper recession.
    The president did not save jobs or the auto industry.

    There is nothing in the constitution that says the president must have business experience in order to use his power in business matters.
    Quite right but a sophisticated and informed electorate would make sure that they had a candidate with some experience and background to be in charge before they give him trillions of dollars to spend on any whim of his choosing. Has it occured to anyone that giving Barrack Obama all this money to do with as he wants might set a negative precedent for other Presidents in the future, perhaps of a political party less disciplined and financially astute than the Democrats?


    OBama has already cut millitary spending and medicare spending. It's crazy to think Obama wants to just spend money because it's fun or whatever.
    I think its Crony Capitalism and, though hugely expensive for the taxpayers, seems like fun for the participants.
    The issues is on what we should spend money on. We should spend more money on job creation, because that would being in more revenue.
    The government can create a lot of jobs just by digging holes and then filling them up again, while borrowing money to do so. You feel that's good for the economy?
    That is wise spending, but if congress will not pass the jobs bill then the economy will remain sluggish. The people will have more money once they get jobs. This is basic economics 101. I don't see why it's so hard for people like you to understand. Spend money to make money is simple.
    Not quite as simple as you make it out to be. If that were the case we'd all be rich and BHO wouldn't have racked up over $1,000,000,000,000 in debt each year.
    As for SS, yes, SS funds are held in a trust fund to pay out benefits. Some of that money is invested.
    Some of it is invested, huh? Any idea where? Maybe in GM? Solyndra? Oil wells?

    You talk a big talk about cutting spending, but you don't see that we should cut subsudies to corporations that ship jobs overseas?
    I don't see that the government should be subsidizing corporations at all, but they should lower the taxes to make them more internationally competitive.
    Really? Why should we reward companies with our tax money if they are not helping our economy. That makes no sense. If we cut out the tax breaks and subsudies to corporations that do not reinvest in our economy, they will either move or create jobs here in the US.
    Messages were twisted somewhere along the line, perhaps by me, but I think corporations should be allowed to follow their business plan according to the laws of the land and supply and demand.

    Apart from playing favorites with public money Barrack Obama sent a very crude message to Boeing and the business world regarding their planned move to South Carolina, and purely for political reasons. The fact that there wasn't a national outcry over this nastiness suggests the real reason why companies are leaving the US and investing elsewhere.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by betteramerica View Post
    No I mean health care, gov. stimulus, ect.

    In other words, the spending that is helping our own people here at home is what you are opposed to? I'm opposed to the GOP spending that doesn't help our own people here at home.

    Neither side is proposing spending cuts, they just have different priorities for how it is spent.
    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

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    Re: Govt. borrows 46 cents of every dollar it spends

    More like the topic should read "Govt borrows 46 cents of every dollar it borrowed to spend on a loan with 250% interest."

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Catawba View Post
    If increasing tax rates on income and capital gains did not decrease wealth...
    The fact that you up my taxes on no way necessitates I will have less wealth than I had before you upped my taxes.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by H. Lee White View Post
    The fact that you up my taxes on no way necessitates I will have less wealth than I had before you upped my taxes.

    Hell of a deal! Then the wealthy won't mind when their tax rates are increased! Its a win, win for everyone!
    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

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Catawba View Post
    Hell of a deal! Then the wealthy won't mind when their tax rates are increased! Its a win, win for everyone!

    Your deliberate obtusebess and open williness to lie removes any need for anyone to consider any of your responses with any seriousnes.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Catawba View Post
    In other words, the spending that is helping our own people here at home is what you are opposed to? I'm opposed to the GOP spending that doesn't help our own people here at home.

    Neither side is proposing spending cuts, they just have different priorities for how it is spent.
    Agreed, we should not increase defense spending. Keep it where it is, maintaining the worlds strongest military, and cut social programs.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by betteramerica View Post
    Agreed, we should not increase defense spending. Keep it where it is, maintaining the worlds strongest military, and cut social programs.
    We could cut our military spending by 2/3 and still spend more than the next biggest military spender. That is all that is required for defense.

    What social programs are you talking about cutting? SS has been so successful, it helped fund the rest of the government. The only way to address health care cost is to upgrade to UHC. Is that what you are talking about?
    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

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Catawba View Post
    We could cut our military spending by 2/3 and still spend more than the next biggest military spender. That is all that is required for defense.

    What social programs are you talking about cutting? SS has been so successful, it helped fund the rest of the government. The only way to address health care cost is to upgrade to UHC. Is that what you are talking about?
    I'm talking about stopping UHC, weening off SS, and spending less money in general. I am fine with cutting the defense budget as well.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by betteramerica View Post
    I'm talking about stopping UHC, weening off SS, and spending less money in general. I am fine with cutting the defense budget as well.
    Only UHC reduces cost of health care, and seniors will not let politicians abandon the obligation to repay the money taken from SS. Not happening in a democracy. Conservatives need senior's to get elected, and if they try to stop the repayment of the $3 trillion dollars owed to seniors, they will not get elected.
    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

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