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Thread: US debt jumps a record $328 Billion

  1. #101
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    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by j-mac View Post
    I am confused. Largely because I am a simple guy, and when we get in to the weeds, I need to be helped along a bit, sorry for that.
    Understandable (and my apologies as well). However, i believe you would achieve better understanding if you were to view things in an objective manner as you do below.

    Part of the problem in this, and it isn't necessarily a current administration invention, or problem, but part of the problem is that many of these indices have been manipulated over time to make each concurring administration look better, and have cover for real numbers not being favorable...So, maybe it is just me, but I am highly skeptical of anything at this point.
    You have to keep in mind that these updated calculations are put in place to improve accuracy. In the case of including input costs that produce intellectual property, measuring of output is that much more accurate.
    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. #102
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    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by Kushinator View Post
    Understandable (and my apologies as well). However, i believe you would achieve better understanding if you were to view things in an objective manner as you do below.



    You have to keep in mind that these updated calculations are put in place to improve accuracy. In the case of including input costs that produce intellectual property, measuring of output is that much more accurate.
    Thanks for the thoughtful response, I know it can be hard when all we do many times is yell past each other...

    Just as a questions of curiosity though, what gives you such confidence that the measures we are talking about are put in there for accuracy? Couldn't they just as easily be manipulated for other reasons?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by Deuce View Post
    No, it did not. Not even close. Day to day revenue barely covers mandatory spending items. Discretionary spending would have to get axed almost entirely. This includes:

    -Roughly 90% of the DOD budget. Yes, we'd have to cut 90% of our military spending.
    -NASA. All of it.
    -Air Traffic Control
    -The EPA
    -Veterans affairs

    And so on. None of these programs would function.
    NASA was shut down, EPA was shut down. Some of veterens affairs was shut down. Look at the daily treasury reports. Enough revenue was coming in to pay for mandatory spending. And simply because a dept is appropriated money doesnt mean it has to. THats a cap. NASA could CHOOSE to spend less if it wanted to, so long as its following the laws.

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    Re: US debt jumps a record $328 Billion

    Thats a interview of Boehner. Not a Senate vote,

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    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by Kushinator View Post
    Well, you are not in a position to offer such expertise; it's subjective conjecture on your part.

    The recession did hit! No need to regulate private mortgage securitization.
    You mean, ITS MY OPINION. Duh.

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    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by jmotivator View Post
    On a related note, take a look at the CBO predictions for the next 11 years:

    2012
    Mandatory - $2,031b
    Discretionary - $1,285b
    Net Interest - $220b

    2023
    Mandatory - $3,617b (+78%)
    Discretionary - $1,415b (+10%)
    Net Interest - $823b (+274%)


    They have US deficit in 2013 running about $850 billion, but their assumption is that discretionary spending will only grow at 1% annually rate. So anyone hear believe that congress will only grow discretionary spending by 1% annually? Yeah, me either. One this is for sure, that debt is going to kill us.
    You mean 2023. The CBO baseline has us borrowing almost another ten trillion within the next decade.

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    Re: US debt jumps a record $328 Billion

    Yeah, that is a typo. 2023.

  8. #108
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    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by j-mac View Post
    Just as a questions of curiosity though, what gives you such confidence that the measures we are talking about are put in there for accuracy? Couldn't they just as easily be manipulated for other reasons?
    Changes in the calculation process emerge in the academic setting which is dictated by the empirical research regarding said calculations. It would be fairly easy to identify manipulation for the sake of political gain.
    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

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    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by jonny5 View Post
    You mean, ITS MY OPINION. Duh.
    Which does not carry any support other than your partisan position.
    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. #110
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    Re: US debt jumps a record $328 Billion

    Quote Originally Posted by Kushinator View Post
    Changes in the calculation process emerge in the academic setting which is dictated by the empirical research regarding said calculations. It would be fairly easy to identify manipulation for the sake of political gain.
    Maybe for you it is easy, but for people like me, I just glaze over, and get lost...And I think that is what most do, that don't understand it on your level...but thanks for tryin' at least...
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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