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Thread: Deficits are exploding – and neither party seems to care

  1. #321
    Professor

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    Re: Deficits are exploding – and neither party seems to care

    Quote Originally Posted by Mr. Invisible View Post
    If you want to get technical, the debt doesn't really matter as long as 1) You've got overall growth in your economy and 2) you can make the minimum payments and 3) The debt isn't massively ahead of the GDP, such as Japan, which has a 2:1 debt ratio.
    But even Japan keeps issuing more fiat money and they are doing great. Does everyone realize that the entire debt can be paid with a stroke of a pen or a finger tapping a keyboard? None of the money is real anyway, it serves our purposes, that is it. We can never, ever run out of money. My lord.
    Your mother swims after cruise ships.

    'The law, in its majestic equality, forbids rich and poor alike to sleep under bridges, to beg in the streets, and to steal their bread.' Anatole France

  2. #322
    I'm not-low all the time
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    Re: Deficits are exploding – and neither party seems to care

    You are responding to the same quote on multiple instances, failing to address the statements that have been quoted.

    The fail is strong with you.
    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. #323
    Sage
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    Re: Deficits are exploding – and neither party seems to care

    Quote Originally Posted by Kushinator View Post
    You are responding to the same quote on multiple instances, failing to address the statements that have been quoted.

    The fail is strong with you.
    And you keep focusing on federal revenue ignoring the impact federal tax increases have on state and local revenue that relies on consumer spending. Fail is a term you use a lot but never on yourself. FACT, tax cuts reward the American people, tax hikes reward the bureaucrats. I support rewarding the American people.

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