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Why do we have a national debt at all?
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2023 Mar 27, 9:37am 11,608 views 119 comments
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106
Someone_else
2024 Feb 9, 6:31pm
If you or I had a printing press in the basement and it made money, would we be in debt?
107
HeadSet
2024 Feb 9, 6:47pm
HeadSet
2024 Feb 9, 6:47pm
Someone_else says
Yes, if you are married.
If you or I had a printing press in the basement and it made money, would we be in debt?
Yes, if you are married.
108
AD
2024 Feb 9, 6:48pm
AD
2024 Feb 9, 6:48pm
Someone_else says
All that does is reward people with free money.
So there is essentially more demand but at best the same amount of supply.
If you are going to give out money, make sure there is enough innovation and productivity to provide adequate supply.
If you or I had a printing press in the basement and it made money, would we be in debt?
All that does is reward people with free money.
So there is essentially more demand but at best the same amount of supply.
If you are going to give out money, make sure there is enough innovation and productivity to provide adequate supply.
109
PeopleUnited
2024 Feb 9, 6:59pm
PeopleUnited
2024 Feb 9, 6:59pm
WookieMan says
Well said. The debt is paid in blood. We the people are collateral, and the elites will trade our lives and labor like bargaining chips on the global market.
. That's why we fight wars. Why in the flying fuck would you admit to wars and proxy wars that it was because you don't want to pay people back?
Well said. The debt is paid in blood. We the people are collateral, and the elites will trade our lives and labor like bargaining chips on the global market.
110
NuttBoxer
2024 Feb 11, 8:52am
NuttBoxer
2024 Feb 11, 8:52am
UkraineIsFucked says
Your statements seem to be at odds.
NuttBoxer says
16th's passage the same year the current central bank was chartered is pure coincidence...
No. But Fed's charter has nothing to do with amending the Constitution...
Your statements seem to be at odds.
113
NuttBoxer
2024 Feb 12, 7:40pm
NuttBoxer
2024 Feb 12, 7:40pm
Does Cloward Pivan believe that you can inflate your way out of anything?
114
AD
2024 Feb 12, 10:22pm
AD
2024 Feb 12, 10:22pm
.
8% of 2022 federal budget was for net interest
https://www.federalbudgetinpictures.com/where-does-all-the-money-go/
I wonder what it is for 2024.
They should hold outlays (or the federal budget) as constant for at least 3 years to reduce the growth of deficits:
.
https://en.wikipedia.org/wiki/United_States_federal_budget#Overview
.
At least outlays from 2023 to 2024 only increase by about 1% thanks to the leadership of House of Representatives Speaker Johnson.
.
8% of 2022 federal budget was for net interest
https://www.federalbudgetinpictures.com/where-does-all-the-money-go/
I wonder what it is for 2024.
They should hold outlays (or the federal budget) as constant for at least 3 years to reduce the growth of deficits:
.
https://en.wikipedia.org/wiki/United_States_federal_budget#Overview
.
At least outlays from 2023 to 2024 only increase by about 1% thanks to the leadership of House of Representatives Speaker Johnson.
.
115
AmericanKulak
2024 Feb 12, 11:53pm
AmericanKulak
2024 Feb 12, 11:53pm
GNL says
Partially. I mean the hofare wasn't enough. Now they have to import 9M and give them more than hofare does, like pre-paid charge cards and hotel rooms. Even Shaniqua didn't get months at a Manhattan or SF hotel at $200/day.
Cloward–Piven strategy?
Partially. I mean the hofare wasn't enough. Now they have to import 9M and give them more than hofare does, like pre-paid charge cards and hotel rooms. Even Shaniqua didn't get months at a Manhattan or SF hotel at $200/day.
116
AmericanKulak
2024 Feb 12, 11:55pm
AmericanKulak
2024 Feb 12, 11:55pm
HeadSet says
A transaction tax on Shares, like a sales tax, sure.
We definitely don't have a turnover or liquidity problem. Restoring a dividend-centric stock market might be better.
Paying taxes on money making money seems fairer than taxing productive income. I'd rather tax a surgeon's stock trades than tax his earned income.
That sounds like you want to have a tax on the broker fee and not a sales tax on the shares sold. To keep that pink flamingo analogy, one would pay a tax on the actual shares purchased. That is, buy $100 worth of stock, even without a broker fee like at Schwab, pay a $4 (at 4%) sales tax.
A transaction tax on Shares, like a sales tax, sure.
We definitely don't have a turnover or liquidity problem. Restoring a dividend-centric stock market might be better.
Paying taxes on money making money seems fairer than taxing productive income. I'd rather tax a surgeon's stock trades than tax his earned income.
118
PeopleUnited
2024 Feb 13, 6:25am
PeopleUnited
2024 Feb 13, 6:25am
zzyzzx says
Stop funding warfare programs as well. It’s one thing to have a well equipped military. It’s quite another to play policeman for the world.
Stop funding all welfare programs and the budget will be balanced.
Stop funding warfare programs as well. It’s one thing to have a well equipped military. It’s quite another to play policeman for the world.
« First « Previous Comments 106 - 119 of 119 Search these comments
I know that a lot of people say so that the Fed can collect interest from taxpayers, and that may be so, but why would the government even agree to that?
It seems that every country on earth has national debt, but how can this be? It always costs more to borrow and pay interest than to save and simply pay for something.
Is every country on earth stupid and/or irresponsible? Is it just that they have more demand for services than they can afford? If that's so, then it's still stupid because they have to pay it off eventually anyway. Or do they just keep rolling over the debt forever, growing ever larger? Eventually their debts will be infinite and the interest will be unpayable.