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The US debt (proper debate) - Page 5

Forum Index > General Forum
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Equity213
Profile Joined July 2011
Canada873 Posts
July 23 2011 21:26 GMT
#81
Everyones arguing over who should have their money stolen first, but over the 4 pages so far no one has brought up the military spending.

Maybe instead of taxing everyone to death you should close some of those military bases.
Meldrath
Profile Joined June 2010
United States620 Posts
July 23 2011 21:27 GMT
#82
We will be just fine, Our debt is high yes... but there are several ways we can level the debt within the next 50 years... that sounds bad in terms of time but 14 trillion at 3% interest which is what we barrow money at.. so to put it in perspective we maxed out a limit we set for our debt we will raise our own limit and just keep trucking. the world will keep ticking. I promise.
slap me I must be dreaming another "imba" arugment! fffffffffuuuuuuuuuuuuu!!!!!
farvacola
Profile Blog Joined January 2011
United States18825 Posts
July 23 2011 21:28 GMT
#83
On July 24 2011 06:26 Equity213 wrote:
Everyones arguing over who should have their money stolen first, but over the 4 pages so far no one has brought up the military spending.

Maybe instead of taxing everyone to death you should close some of those military bases.


It is worth mentioning that the American military industrial complex is motivated largely by corporate interests. In other words, incredibly crazy military spending is simply another way the rich are able to make more money.
"when the Dead Kennedys found out they had skinhead fans, they literally wrote a song titled 'Nazi Punks Fuck Off'"
Equity213
Profile Joined July 2011
Canada873 Posts
July 23 2011 21:28 GMT
#84
On July 24 2011 06:26 Perihelion wrote:
As a citizen of the United States, I don't think that the current debt level is a big deal.


Ok awsome, so will you be paying your $46,000 in cash or cheque?
Equity213
Profile Joined July 2011
Canada873 Posts
July 23 2011 21:29 GMT
#85
On July 24 2011 06:28 farvacola wrote:
Show nested quote +
On July 24 2011 06:26 Equity213 wrote:
Everyones arguing over who should have their money stolen first, but over the 4 pages so far no one has brought up the military spending.

Maybe instead of taxing everyone to death you should close some of those military bases.


It is worth mentioning that the American military industrial complex is motivated largely by corporate interests. In other words, incredibly crazy military spending is simply another way the rich are able to make more money.


yeah yeah we get it. Corporations bad, government good.
cfoy3
Profile Joined January 2010
United States129 Posts
July 23 2011 21:30 GMT
#86
@Equity213

Yeh the military should be dialed back. We spend sooo much money on the military. More than the rest of the world combined. That defiantly should be one way we save.
??
Zergneedsfood
Profile Blog Joined September 2008
United States10671 Posts
July 23 2011 21:33 GMT
#87
On July 24 2011 06:28 farvacola wrote:
Show nested quote +
On July 24 2011 06:26 Equity213 wrote:
Everyones arguing over who should have their money stolen first, but over the 4 pages so far no one has brought up the military spending.

Maybe instead of taxing everyone to death you should close some of those military bases.


It is worth mentioning that the American military industrial complex is motivated largely by corporate interests. In other words, incredibly crazy military spending is simply another way the rich are able to make more money.


People have brought up entitlements and tax cuts, which make up a much larger proportion of our GDP than military spending does.

We're also already cutting down on our military spending with troop reductions and our new counter terrorism policy.
/人◕ ‿‿ ◕人\ Make a contract with me and join TLADT | Onodera isn't actually a girl, she's just a doormat you walk over to get to the girl. - Numy 2015
cfoy3
Profile Joined January 2010
United States129 Posts
July 23 2011 21:33 GMT
#88
Its not so simple as corporation bad, government bad. Both have flaws and each should be used to help negate the downsides of the other. Corporations are good at making money and limiting waste. governments should protect the people and making sure that the corporations that make money are helping America.
??
farvacola
Profile Blog Joined January 2011
United States18825 Posts
July 23 2011 21:33 GMT
#89
On July 24 2011 06:29 Equity213 wrote:
Show nested quote +
On July 24 2011 06:28 farvacola wrote:
On July 24 2011 06:26 Equity213 wrote:
Everyones arguing over who should have their money stolen first, but over the 4 pages so far no one has brought up the military spending.

Maybe instead of taxing everyone to death you should close some of those military bases.


It is worth mentioning that the American military industrial complex is motivated largely by corporate interests. In other words, incredibly crazy military spending is simply another way the rich are able to make more money.


yeah yeah we get it. Corporations bad, government good.


Read my other posts you fool, the government is perhaps even more to blame than the companies themselves.
"when the Dead Kennedys found out they had skinhead fans, they literally wrote a song titled 'Nazi Punks Fuck Off'"
xDaunt
Profile Joined March 2010
United States17988 Posts
Last Edited: 2011-07-23 21:34:11
July 23 2011 21:33 GMT
#90
Eliminating the military ENTIRELY would not close the budget deficit or even come close to it.
JustPassingBy
Profile Blog Joined January 2011
10776 Posts
July 23 2011 21:34 GMT
#91
On July 24 2011 04:15 Zergneedsfood wrote:
Don't really know how other guys are keeping track of it, but in my opinion, the EU debt crisis is a lot worse than our debt crisis here.

A lot of people get the false assumption (it's sorta the fault of Republicans who exaggerated) that a default on US debt on August 2nd would cause some type of death bringing financial fall out that we've never experienced before.

It's not necessarily like that. If America fails to bring about some type of balanced budget or whatever by August 2nd, it only means that certain payments, like SS checks and payments to soldiers would start to dry up and stop. Now, of course, that's bad, but it's nowhere near as bad as countries in the Eurozone who can't pay back bond investors and have already had their credit ratings (like Italy) downgraded to junk status.


Not sure why not being able to pay its employees is less bad than not being able to pay investors who should have invested the money calculating the risks.
Perihelion
Profile Joined April 2011
82 Posts
July 23 2011 21:34 GMT
#92
On July 24 2011 06:28 Equity213 wrote:
Show nested quote +
On July 24 2011 06:26 Perihelion wrote:
As a citizen of the United States, I don't think that the current debt level is a big deal.


Ok awsome, so will you be paying your $46,000 in cash or cheque?



As a citizen of the United States, I will never be directly personally responsible for my government's debt. Framing the debt in such a way is quite silly.
aksfjh
Profile Joined November 2010
United States4853 Posts
July 23 2011 21:35 GMT
#93
On July 24 2011 06:28 farvacola wrote:
Show nested quote +
On July 24 2011 06:26 Equity213 wrote:
Everyones arguing over who should have their money stolen first, but over the 4 pages so far no one has brought up the military spending.

Maybe instead of taxing everyone to death you should close some of those military bases.


It is worth mentioning that the American military industrial complex is motivated largely by corporate interests. In other words, incredibly crazy military spending is simply another way the rich are able to make more money.


Actually, the military industrial complex is just like any other government expenditure. There's a great number of jobs created by military spending, just like there's a great number of jobs created by discretionary spending on Federal Departments. It can almost be equated to this generation's NASA in terms of innovation and motivation, except it involves killing people more directly.
cfoy3
Profile Joined January 2010
United States129 Posts
July 23 2011 21:37 GMT
#94
Why is everyone so radical? We should not be so extremist, that is what got us into this mess. We don't need to close down the military, but we should defiantly scale it down. We don't need to tax corporations to death, but we should make our tax code have the proper incentives for them to re instill their profits into our economy. We need to trim entitlements, but that doesn't mean we cut them all out. We can eliminate some of the redundancy and wasteful programs in government.We can have a plan that pinches everyone a little and saves some serious money. We need to really listen to one another and be rational.
??
ziggurat
Profile Joined October 2010
Canada847 Posts
July 23 2011 21:38 GMT
#95
On July 24 2011 06:34 Perihelion wrote:
Show nested quote +
On July 24 2011 06:28 Equity213 wrote:
On July 24 2011 06:26 Perihelion wrote:
As a citizen of the United States, I don't think that the current debt level is a big deal.


Ok awsome, so will you be paying your $46,000 in cash or cheque?



As a citizen of the United States, I will never be directly personally responsible for my government's debt. Framing the debt in such a way is quite silly.


You will be paying it whether you realize it or not. You'll either pay it in taxes (at least if you get a job and work for the next 25 years) or you'll pay it in shitty services from the government because they don't have the money to build proper roads, run proper schools, etc.

Zergneedsfood
Profile Blog Joined September 2008
United States10671 Posts
Last Edited: 2011-07-23 21:39:09
July 23 2011 21:38 GMT
#96
On July 24 2011 06:34 JustPassingBy wrote:
Show nested quote +
On July 24 2011 04:15 Zergneedsfood wrote:
Don't really know how other guys are keeping track of it, but in my opinion, the EU debt crisis is a lot worse than our debt crisis here.

A lot of people get the false assumption (it's sorta the fault of Republicans who exaggerated) that a default on US debt on August 2nd would cause some type of death bringing financial fall out that we've never experienced before.

It's not necessarily like that. If America fails to bring about some type of balanced budget or whatever by August 2nd, it only means that certain payments, like SS checks and payments to soldiers would start to dry up and stop. Now, of course, that's bad, but it's nowhere near as bad as countries in the Eurozone who can't pay back bond investors and have already had their credit ratings (like Italy) downgraded to junk status.


Not sure why not being able to pay its employees is less bad than not being able to pay investors who should have invested the money calculating the risks.


If you're talking about something on some type of moral standpoint, then yes....both of those are the same in terms of what the government shouldn't be doing.

But economically speaking, yes, not being able to pay investors who have bought our bonds is a lot worse than not dishing out checks and pay.
/人◕ ‿‿ ◕人\ Make a contract with me and join TLADT | Onodera isn't actually a girl, she's just a doormat you walk over to get to the girl. - Numy 2015
ziggurat
Profile Joined October 2010
Canada847 Posts
Last Edited: 2011-07-23 21:39:16
July 23 2011 21:39 GMT
#97
On July 24 2011 06:37 cfoy3 wrote:
Why is everyone so radical? We should not be so extremist, that is what got us into this mess. We don't need to close down the military, but we should defiantly scale it down. We don't need to tax corporations to death, but we should make our tax code have the proper incentives for them to re instill their profits into our economy. We need to trim entitlements, but that doesn't mean we cut them all out. We can eliminate some of the redundancy and wasteful programs in government.We can have a plan that pinches everyone a little and saves some serious money. We need to really listen to one another and be rational.


You sounds like Barack Obama circa 2008! So reasonable!
farvacola
Profile Blog Joined January 2011
United States18825 Posts
Last Edited: 2011-07-23 21:42:25
July 23 2011 21:39 GMT
#98
On July 24 2011 06:35 aksfjh wrote:
Show nested quote +
On July 24 2011 06:28 farvacola wrote:
On July 24 2011 06:26 Equity213 wrote:
Everyones arguing over who should have their money stolen first, but over the 4 pages so far no one has brought up the military spending.

Maybe instead of taxing everyone to death you should close some of those military bases.


It is worth mentioning that the American military industrial complex is motivated largely by corporate interests. In other words, incredibly crazy military spending is simply another way the rich are able to make more money.


Actually, the military industrial complex is just like any other government expenditure. There's a great number of jobs created by military spending, just like there's a great number of jobs created by discretionary spending on Federal Departments. It can almost be equated to this generation's NASA in terms of innovation and motivation, except it involves killing people more directly.


With the amount of money mercenary groups like Blackwater make, while at the same time taking the corporate interests of companies like Haliburton into consideration, the NASA comparison hardly seems appropriate. The US military was used as tool needed to make foreign economies easier to enter and effectively pillage.
"when the Dead Kennedys found out they had skinhead fans, they literally wrote a song titled 'Nazi Punks Fuck Off'"
aksfjh
Profile Joined November 2010
United States4853 Posts
July 23 2011 21:39 GMT
#99
I should point out that this entire debate over our debt really just highlights how little faith everybody should have in our ability to govern. There are so many representatives (and people) who are convinced that compromise is, by default, a bad thing. As if they come to the table with the ONLY solution that is feasible and their view of the problem is the only one that should be seen.
cfoy3
Profile Joined January 2010
United States129 Posts
July 23 2011 21:39 GMT
#100
@Perihelion

      To truly believe that this debt will not come back to bite us or have lasting repercussions on us. Repercussions that you should be aware of and at least know about is the epitome of foolishness.
??
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