Page 66 of 192 FirstFirst ... 1656646566676876116166 ... LastLast
Results 651 to 660 of 1913

Thread: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

  1. #651
    Sage
    clownboy's Avatar
    Join Date
    May 2012
    Location
    Oregon
    Last Seen
    08-17-16 @ 10:31 PM
    Gender
    Lean
    Other
    Posts
    26,087

    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by Kushinator View Post
    Expenditures < Revenue

    The level of the debt is of no consequence.
    Wow, this is the sort of thinking that got us in this mess. You do realise (maybe you don't) that debt payments (with interest) eventually will take up such a significant part of those expenditures that revenue will never be more than expenditures. I know, folks of this economic belief think all we need to do is to print more money. But when you need a wheelbarrow full just to buy a cup of coffee you'll understand the idiocy of that route.

  2. #652
    Sage

    vesper's Avatar
    Join Date
    Jul 2013
    Location
    Midwest
    Last Seen
    Yesterday @ 11:58 PM
    Gender
    Lean
    Undisclosed
    Posts
    13,887

    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by Kushinator View Post
    Expenditures < Revenue

    The level of the debt is of no consequence.
    I hope you didn't type that with a straight face. We are spending more on net interest ( interest paid on publicly held debt) then we are spending on many federal departments, including Education and Labor.

  3. #653
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 01:37 PM
    Gender
    Lean
    Conservative
    Posts
    67,270

    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by clownboy View Post
    Wow, this is the sort of thinking that got us in this mess. You do realise (maybe you don't) that debt payments (with interest) eventually will take up such a significant part of those expenditures that revenue will never be more than expenditures. I know, folks of this economic belief think all we need to do is to print more money. But when you need a wheelbarrow full just to buy a cup of coffee you'll understand the idiocy of that route.
    What these financial wizards ignore is that the current debt service is being charged artificially low interest rates and when inflation kicks in and interest rates rise, the debt service is going to stop being number four on the budget line item list but move up as high as number two and will surpass Defense eventually. Wonder what these feel good liberals think we get out of debt service?

  4. #654
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Yesterday @ 11:13 PM
    Gender
    Lean
    Independent
    Posts
    16,261

    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by clownboy View Post
    Wow, this is the sort of thinking that got us in this mess. You do realise (maybe you don't) that debt payments (with interest) eventually will take up such a significant part of those expenditures that revenue will never be more than expenditures. I know, folks of this economic belief think all we need to do is to print more money. But when you need a wheelbarrow full just to buy a cup of coffee you'll understand the idiocy of that route.
    Wow, it is this sort of thinking that limits ones ability to make rational financial decisions. You do realize, (maybe you don't) that interest payments are fixed (along with principal) which allows borrowers to repay with less and less purchasing power.

    For example, in 1944 the U.S. ran an annual budget deficit of roughly $47 billion!!!! Which is roughly equivalent to what the U.S. spent between January 1, 2009 and January 15, 2009.

    I know, some folks are illiterate when it comes to economics.
    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. #655
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Yesterday @ 11:13 PM
    Gender
    Lean
    Independent
    Posts
    16,261

    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by Conservative View Post
    when inflation kicks in and interest rates rise, the debt service is going to stop being number four on the budget line item list but move up as high as number two and will surpass Defense eventually.
    When inflation kicks in, growth in U.S. output will be at levels necessary to support any upticks in debt service, as a percentage of GDP.

    You cannot have inflation without (exceeding) economic growth given that inflation expectations are anchored to lows not seen since before 1945.
    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

  6. #656
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Yesterday @ 11:13 PM
    Gender
    Lean
    Independent
    Posts
    16,261

    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by vesper View Post
    I hope you didn't type that with a straight face. We are spending more on net interest ( interest paid on publicly held debt) then we are spending on many federal departments, including Education and Labor.
    Where does the net interest end up?
    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

  7. #657
    Sage
    Perotista's Avatar
    Join Date
    Jan 2013
    Location
    Georgia
    Last Seen
    Yesterday @ 09:32 PM
    Gender
    Lean
    Other
    Posts
    17,943
    Blog Entries
    25

    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by greengirl77 View Post
    Here is the latest Government Shutdown poll 4 Oct 2013

    Interesting polling on the government shutdown I heard on the radio on my way home as to whom the people are blaming for the shutdown.
    25% blame republican congressional leaders
    24% blame President Obama
    20% blame everybody, both parties
    17% blame the tea party
    8% blame democratic congressional leaders

    I suppose if you add republican congressional leaders, the tea party and everybody together you have 62% coming down hard on all Republicans. If you add President Obama, everybody and democratic congressional leaders you have 52% coming down hard on the democrats

    My conclusion is Republicans get more of the blame by 10 points, not a huge difference. But the majority of Americans are saying it is a pox on both parties.
    This Reform Party member thinks it is high past time that we start electing Americans to congress and the presidency who put America first and their political party further down the line. But for way too long we have been electing Republicans and Democrats who happen to be Americans instead of Americans who happen to be Republicans and Democrats.

  8. #658
    Sage
    jmotivator's Avatar
    Join Date
    Feb 2013
    Location
    Virginia
    Last Seen
    Yesterday @ 06:27 PM
    Gender
    Lean
    Conservative
    Posts
    16,696

    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by Kushinator View Post
    Where does the net interest end up?
    Inflation.

  9. #659
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Yesterday @ 11:13 PM
    Gender
    Lean
    Independent
    Posts
    16,261

    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by jmotivator View Post
    Inflation.
    My god.... Do you vote?
    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

  10. #660
    Sage
    jmotivator's Avatar
    Join Date
    Feb 2013
    Location
    Virginia
    Last Seen
    Yesterday @ 06:27 PM
    Gender
    Lean
    Conservative
    Posts
    16,696

    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by Kushinator View Post
    My god.... Do you vote?

    How do we pay interest?

Posting Permissions

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