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Keep believing that dumbass.
I hope you seriously don't believe that...
Where do you disagree?
Did you pick that up in an economics class at a university?
Question. This goes to everyone really.
1). Do you believe the money you earn is your own money?
2). Do you believe the money you earn is the governments money and the government decidedly how much you get to keep?
dgoz post sounds more like the 2). option.
We are ND
I agree w/ just about all of your post and would like to see that come to fruition, BUT it would never happen.
Just look at how the politicians are acting now with the whole sequestration issue. I mean we have political leaders out and out lying to the American public on what these so called cuts will do. And that's not really making any cuts it just lowering the budget growth rate.
We have a big problem in America when our so called government "leaders" act like 5th grade children and We the People let them get away with it, we get the government we deserve I guess.
Unfortunate the only weapon we have to keep our leaders in check is the media, and lets be honest w/ ourselves. We have not had an honest and non political true media in over 70 years maybe even longer.
Yes, and good pick up. So, I do understand this is controversial and it's not what we are led to believe. And really it's not the government creating money. In my simplified explanation, I am combining the federal reserve and gov't into one entity. The federal reserve creates money and banks create money. Your dollars are called federal reserve notes and meant as "legal tender to satisfy all debts public and private." Because currency is a means to track debts owed to one another. We receive dollars in exchange for our labor and then we spend dollars for the purchase of goods and services, and we pay taxes in dollars for public services. If the gov't takes in more taxes than it spends into the economy, then it does reduce private sector savings, so, this is definitely something that I am not advocating.
i would say its the amount that would allow "the working class" to quit bending over like the Aubs "39er" defense in 2012 & force the Govt to quit squandering Trillions at the same time.
This post was edited by Crimson_Ghost 16 months ago
We have never had a non-political media.
Happy Sequestration Eve everybody.
This post was edited by NLeininger 16 months ago
You understand the economy, but for the love of God please make your way to a finance class.
You are saying that it is ok for the government to run deficits because it saves the private sector money, but wouldn't it be easier to just save the private sector the money with lower taxes? Why run these deficits to save the private sector money, when you can save them money at the very beginning with lower taxes?
I promise, Wal-Mart would rather take a tax break than thank the government for "private sector saving." Let me guess, the internet, the roads, the transportation services..."you (the business owner) didn't build that."
If you called the CEO's of Fortune 500 companies and explained to them that their taxes were really their savings...they would punch you in the effing face.
RIP Lil Julio
He is basically saying that the deficit is money spent that the government could have taxed you for but didn't. So therefore since they didn't tax you for it it was money they saved you. It's a very screwed up way of looking at things. It also ignores that eventually they will have to tax you for it to pay back the money they borrowed to "save" for you in the first place.
It's like saying I could have punched you in the face and took $100 from you, but since I didn't and I went to the bank and borrowed the $100 instead I just saved you $100 dollars. Lol.
He is also ignoring the fact that no institution (and yes that includes the government) can carry that large of a debt burden and remain afloat. Too be an advocate for deficit after deficit confuses the hell out of me.
Yes, an alternative option would be to lower taxes. Never said it wasn't. Just saying that deficit spending creates money as bank loans do. Deficit spending is the norm, not the exception, and there is a reason why our deficit spending is currently so high, yet falling. It's a closed loop, a system. And yes, people take risks and start businesses and work hard to grow them. The taxes they pay are part of the system. Congrats to the achievers in that system. I'm all for the small business owners and them some. They are way overtaxed. Huge rent seekers?...not as much, but it is what it is.
Can we agree that we have always run deficits? Except for only a few exceptions in our history.
This post was edited by dgoz 16 months ago
Yes....but does that make it ok?
Did he still punch me in the face? That's the important part.
So now we are saying Clinton sucked as a president because he worked with Newt to balance the budget and ran a surplus, the fucking nerve of that womanizing pig.
I love when Carney says that we should go back to the Clinton rates, too which I'm waiting for the a reporter with the stones to immediately follow up with the obvious question, "Are we going back to the Clinton spending levels?"
No he punched you in the nuts. Jokes on you.
Well with the Libs already reaching into my pants for spare change, I think I would be protected from a junk shot.
This Sequester stuff ids hilarious. The Dems are acting like a 3% cut is the end of the world, lol. And the government will actually spend more this year than last. We are so screwed if this is how they see things.
That's really the hilarious part that the media is glossing over. The government will still spend more than it did last year.
We aren't even cutting spending we are cutting the growth of it. It's clear that the Dems will never let us balance the budget. This is ridiculous.
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