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crankster
Trad climber
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See any trends here?????
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Norton
Social climber
quitcherbellyachin
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You do realize that the national debt doubled under Bush. And it tripled under Reagan.
but that doesn't count
because they were Republican Presidents and as such get a free pass when spending is the topic
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HermitMaster
Social climber
my abode
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no, we certainly do not "have" to pay off the national debt
No but if you don't pay it off you have to service it. And that money could be used in better ways such as to help the very people you claim you want to help.
Currently we pay something like 430 billion dollars a year for this debt that you say is no big deal. And, this is with close to zero percent interest rates. http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm
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Skeptimistic
Mountain climber
La Mancha
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The duck is stuck,
Can only hiccup
The same tired phrase
Over & over
Days upon days
Might be an aneurism is gonna blow soon,
Then we'll see
Just who is the loon
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crankster
Trad climber
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Someone didn't take his medication today.
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BLUEBLOCR
Social climber
joshua tree
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John M
climber
Dec 6, 2014 - 01:05pm PT
You do realize that the national debt doubled under Bush. And it tripled under Reagan.
Our current debt level is bad. It needs to be paid down as it is now getting dangerous, but some debt isn't bad. Just like you take on debt to buy a house. Some things need a certain amount of debt. We get into all kinds of trouble when we don't allow any debt. It just that we need to learn to pay off debt during good times.
the first part don't mean a thing to me unless you tell me from where and why?
as to the second, debt to one man is mostly different than debt to another man! For one man's debt is paid in full. Often by handshake. And i'm thinking mostly of the impoverished of the world here. Including children. Since most children have no income, they are the most impoverished. But their day to day lives are lived being free of the feeling of "owing" anything to another man.
Then there are those 2%'s that lead their lives paying the debtor!
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TGT
Social climber
So Cal
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Larry Nelson
Social climber
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Apologies, I gotta hijack for a moment and throw some newsworthy humor in here...hat tip to late night comedians:
New Jersey Governor Chris Christie was asked about the slow pace of his weight loss and said, quote, 'Rome was not un-built in a day.' In fact, Christie and Rome have a lot in common: one was built by Julius Caesar, and the other was built by LITTLE Caesar.
In a recent interview, Texas Governor Rick Perry revealed that he has spent the last 20 months preparing to run for president. Later, Hillary said, 'Call me when you've spent 67 years.
A recent report says the majority of Americans cannot name the three branches of government — Judicial, Executive, and Legislative. To make it easier, the government is renaming those branches Kim, Khloe, and Kourtney.
The FBI debuted its new facial recognition software which will archive the faces of tens of millions of Americans every day. This groundbreaking, amazing new software is called Facebook.
Google has developed image-recognition software that can accurately capture what’s happening in a photo. But it still has some bugs. It described Kim Kardashian's recent photo as "Woman being chased by two Butterball turkeys."
Charles Manson's future mother-in-law says she approves of her daughter marrying Manson. She said Manson has very nice personalities.
If you're looking to get the Mansons a gift, they're registered at Bloodbath & Beyond.
According to a new estimate, Congress has had a full work week just 14 percent of the time since 1978. Congress said they planned to address the report next week because it's already approaching Tuesday.
China has surpassed the U.S. and now has the No. 1 economy in the world. After hearing this, China's children asked, "So now can we take a lunch break?"
According to a new study, the larger the age difference between married couples, the more likely they are to get a divorce. Or as gold-diggers call that, "the point.”
A couple was recently married on the New York City subway! The couple asked that instead of gifts you send Purell hand sanitizer.
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Larry Nelson
Social climber
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Dave Kos wrote:
Only a small part of the increase in deficits can be attributed to Obama's policies.
Dave,
You make some excellent points in your post but I think the quote above is certainly debateable.
I think it was Senator Schumer who recently pointed out that the administration should have first concentrated on jobs rather than other agendas. In addition, unemployment numbers can be deceiving, as the number of Americans working full time is still far less than it should be.
As I understand it, the important figure in deficits, or maybe it's the debt, is as a percentage of GDP. It is curious how deficits 8 and 9 years ago were considered so cataclysmic by some, including President Obama, yet now are considered stimulating by those same folks.
An important point to remember is that interest on the debt right now is incredibly low. When interest gets back to historic norms, the service on the debt will become a far larger share of the annual budget.
IMHO, one legacy of the baby boomers will be how they squandered what was given to them by their parents and now want their kids to fund the rest of their lives.
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John M
climber
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It is curious how deficits 8 and 9 years ago were considered so cataclysmic by some, including President Obama, yet now are considered stimulating by those same folks.
Thats because spending helps get one out of a recession. Whereas overspending during a boom is foolish. Booms end. One should save during a boom or at least pay off debt so that debt doesn't become too large during slow downs.
Instead, during the Bush admin we spent like crazy while cutting taxes, creating an even bigger boom, which led to an even bigger bust. Pure foolishness. The national debt doubled under Bush. During a BOOM the debt DOUBLED. Cheney said deficits don't matter. He is a moron. They do matter, but you still have to spend during a recession or you end up deepening or prolonging the recession.
Where the hell were the republicans when Bush doubled the national debt during a boom.? ..They were saying.. oh goody, lower taxes. Oh shoot.. deficits don't matter.
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Reilly
Mountain climber
The Other Monrovia- CA
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Larry, nice comedic interlude!
You are right about debt as a percentage of GDP. If you look at our current public debt as a
percentage of GDP we are middle of the road in the world. If you look at our total gubmint
debt to GDP then we are in a select group with Ireland, Portugal, Italy, Greece, Japan, and
Sudan!. That is cause for worry in and of itself.
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John M
climber
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^^^ like your party had any answers.. ^^^ hopeless and changeless
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Reilly
Mountain climber
The Other Monrovia- CA
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John M, the low-hanging fruit is often rotten and best left alone. The
LA Times, not exactly a Repub mouthpiece, reported 40% of Calis who signed
up for Obamacare are quite unhappy with it.
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John M
climber
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I have no doubt that people are unhappy with it. How many were happy with their previous health insurance?. Or with no insurance? Its not a great plan. But for many.. it is better then nothing. It certainly needs some stuff worked out. But with something this large, what has ever not needed some tweaking after startup. I just hate the disingenuousness of bookwork and those who never look in the mirror. What were they ever offering? nothing..
and yes. he is low hanging fruit.
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Reilly
Mountain climber
The Other Monrovia- CA
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John, for the record let it be known that I am in favor of a single-payer
system. I realize that is a pipe dream in this country, not because of
intransigent republicans, but because there are too many lawyers.
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Gary
Social climber
Desolation Basin, Calif.
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read it (if you dare) and weep:
bookworm, if Hitler was such a socialist, why did he send the socialists and the communists to the concentration camps first? If the nazis were such ardent socialists, why did they murder Karl Liebknecht and Rosa Luxemborg?
I eagerly await your reply.
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JEleazarian
Trad climber
Fresno CA
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IMHO, one legacy of the baby boomers will be how they squandered what was given to them by their parents and now want their kids to fund the rest of their lives.
I, too, don't think history will be particularly kind to our generation. We did some great things, but I suspect later generations will view us as largely selfish and immature.
John
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