Page 4 of 7 FirstFirst ... 23456 ... LastLast
Results 31 to 40 of 63

Thread: California economist says real US debt $70 trillion

  1. #31
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 02:01 AM
    Gender
    Lean
    Independent
    Posts
    16,261

    Re: California economist says real US debt $70 trillion

    Quote Originally Posted by Taylor View Post
    Considering that you continue to buy houses that don't appreciate in value, only an idiot would ignore their liabilities.
    This is not even a response to my comment. The present value of the loan is a liability, the FV-PV would be considered the "unfunded liability".
    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
    Today @ 02:01 AM
    Gender
    Lean
    Independent
    Posts
    16,261

    Re: California economist says real US debt $70 trillion

    Quote Originally Posted by Grant View Post
    These programs, among many thousands of others, will either be cut by a responsible government or reality will cut them for you.
    You keep the faith. The yearly budget deficit (from Jan - Dec) is projecting a 51% decrease year over year.
    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
    Banned
    Join Date
    Jul 2012
    Last Seen
    01-22-17 @ 09:27 AM
    Gender
    Lean
    Slightly Conservative
    Posts
    4,136

    Re: California economist says real US debt $70 trillion

    Quote Originally Posted by Kushinator View Post
    No. Birth rates were also much higher when they were first implemented. Woman representation in the workforce as also a fraction of what it is today. The labor force/population ratio was much lower back then



    We also pay more into these programs than we did when they began. Do you deny this?
    Yet.... there are also a trend of less workers per recipient.
    Because Medicare funds rely on employee payroll taxes to pay for recipient services, the ratio of those employed to those drawing on Medicare benefits is crucial to maintaining future solvency. Currently, there are 3.7 workers for every person receiving Medicare benefits. HI Fund trustees calculate that there will be 2.4 workers for every retiree in 2030 and only 2 workers per retiree in 2075; each individual employee will be responsible for a far greater share in supporting each recipient.
    Online NewsHour: The Medicare System | Financing | PBS

  4. #34
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 02:01 AM
    Gender
    Lean
    Independent
    Posts
    16,261

    Re: California economist says real US debt $70 trillion

    Quote Originally Posted by ReformCollege View Post
    Yet.... there are also a trend of less workers per recipient.
    No denying that. Which is why reform will be vital following the baby boomers.
    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

  5. #35
    cookies crumble
    ARealConservative's Avatar
    Join Date
    Oct 2006
    Last Seen
    04-21-17 @ 09:41 PM
    Gender
    Lean
    Libertarian
    Posts
    14,518

    Re: California economist says real US debt $70 trillion

    in the late 60's we saw similar apologists pretending no issues were on the horizon.

    in the mid 2000's, republicans liked to talk about the greatest story never told.

    it is pretty obvious our fiscal policies are reckless. It has always been obvious that the majority of economists are nothing more then cheerleaders.

  6. #36
    cookies crumble
    ARealConservative's Avatar
    Join Date
    Oct 2006
    Last Seen
    04-21-17 @ 09:41 PM
    Gender
    Lean
    Libertarian
    Posts
    14,518

    Re: California economist says real US debt $70 trillion

    Quote Originally Posted by Kushinator View Post
    You keep the faith. The yearly budget deficit (from Jan - Dec) is projecting a 51% decrease year over year.
    https://encrypted-tbn3.gstatic.com/i...0cGTuKcXoIG69Q

  7. #37
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 02:01 AM
    Gender
    Lean
    Independent
    Posts
    16,261

    Re: California economist says real US debt $70 trillion

    Quote Originally Posted by ARealConservative View Post
    Troll is still a troll.
    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

  8. #38
    Sage
    Boo Radley's Avatar
    Join Date
    Dec 2009
    Last Seen
    11-22-17 @ 04:22 PM
    Gender
    Lean
    Liberal
    Posts
    36,858

    Re: California economist says real US debt $70 trillion

    Quote Originally Posted by Erod View Post
    This is not a Republican-Democrat issue, folks. This is threatening to end this country as we know it, in the not-to-distant future.

    And yet, we seem bent on piling on more and more burden and stress to the budget year after year.

    I would not want to be a newborn baby in this country today. The future is bleak.
    I agree it's not a partisan issue, but I'm also not sure one economist should be accepted at face value. That said, the deficit is huge no matter what numbers you use. We should be concerned. But we also still have business or obligations to address as a country, so it should be tackled with reason and not panic. But it should be tackled.

    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.

  9. #39
    cookies crumble
    ARealConservative's Avatar
    Join Date
    Oct 2006
    Last Seen
    04-21-17 @ 09:41 PM
    Gender
    Lean
    Libertarian
    Posts
    14,518

    Re: California economist says real US debt $70 trillion

    Quote Originally Posted by Kushinator View Post
    Troll is still a troll.
    translation: sis boom bah

  10. #40
    Banned
    Join Date
    Jan 2010
    Location
    Canada, Costa Rica
    Last Seen
    05-16-16 @ 09:45 AM
    Gender
    Lean
    Independent
    Posts
    31,645

    Re: California economist says real US debt $70 trillion

    Quote Originally Posted by Kushinator View Post
    You keep the faith. The yearly budget deficit (from Jan - Dec) is projecting a 51% decrease year over year.
    A 51% budget deficit means how much is real dollars? Do you have a link?

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
  •