Me too. $24K at one point was transferred to a 0% credit card that I'm still paying per my divorce settlement.
I wont have to worry about putting gas in my car, I won't have to worry about paying my mortgage.. You know, If I help him, he's gonna help me.
Here's an idea: cut the defense budget by 50-60%. Pays for universal health care and reduces the deficit.
Besides, our national debt isn't that big of a deal right now. It's riding at about 61% of GDP. While that's not great, it's also not terrible. That's comparable to most major industrialized countries. And I don't expect that to be paid back during a severe economic downturn. It'll get paid back during a boom time like it was under Clinton.
Less sensationalism, more rational thinking.
kill every department that the Constitution does not allow for and kill the size of each Representative/Senator's offices and positions, add a line item veto for those pesky add-ons that waste billions a year, and stop pissing billions to worthless nations to buy their favor. I'll rather see a strong military, but would cut their red tape department by 50% and streamline everything.
One of the Largest problems is the way the government/military does it's budget spending: If they don't spend it all, they will lose money next year and instead of being thank for not waste our tax monies. That needs to stop. I saw hundreds of dollars (if not more blow) back in the early 90's by departments towards the end of the year.
Besides, our national debt isn't that big of a deal right now
The interest paid on the National Debt is the second largest expense in the federal budget.
This chart was updated on Dec 3rd, 2009 - It is pretty much up to date
If you are interested the debt is $12.1 Trillion ... and Obama and company are spending like there is no tomorrow
Cut the defense budget .. yeah that would go over pretty good with other countries wanting to take the US by force. Bankers and foreign countries will own a large portion of the US as it is right now since we have sold so much debt to foreign countries.
Of course we could have saved a lot of money if Ron Paul was elected and we would have been out of this war by now.
The more I read your shit, the bigger of a moron you become. Less sensationalism, more THINKING.
Our debt is a big expense, but is not unmanageable right now. We are better off than many of our cousins like Canada, France, Germany, Japan, etc. Our debt as a percentage of our GDP is less than them and is not unusual for an industrialized country in a recession. The sums look scary if not put into context. The debt can be wiped out during boom times (like during the Clinton years).
And to other countries wanting to take us by force, I can't help but to roll my eyes.
The more I read your shit, the bigger douche bag you become.
I provide a chart .. you provide insults
It is better to keep one's mouth shut and be thought a fool than to open it and resolve all doubt. ~Abraham Lincoln
He did give his argument, you both on the other hand... AND if anyone does come here and present links and facts you gang up on and attack them anyway.
Our only salvation is globaly, your views are a minority.
You came to support your buddy TheNationalist .. I think that is cute of you to do so.
I didn't call him a moron . .he called me a moron.
If you don't believe the facts that paying interest is wasted money .. then great for you .. go rack all of you credit cards to the max and live it up .. and see how long the credit card companies will give you before they start repossessing your stuff.
Your only salvation will be defaulting on your bills and declaring bankruptcy.
That was quite an attack...a chart showing interest on the national debt to be a massive expense.
Arguing with you is like arguing with a 10 year old autistic kid. Ron Paul good. Countries' budgets operate like my personal checking account. Abraham Lincoln quotes when things get tough. Etc. It's like a fucking cartoon.
No, it was not an attack on shit. Fact is (as with everything else this dope tries to simplify into as few words as possible for his simple little mind), there's more to those numbers. That bar on that graph represents all liabilities in the treasury department, not just "interest" owed on bonds to foreign banks. Even within the interest owed, much of that is paid back to US citizens and US companies.
The debt is not small. But it's also not very large as a percentage of GDP, and certainly not large compared to other western countries. Debt happens when the economy tanks. It is largely a short-term issue. Spend during downturns, save and stabilize spending during good times. It's called keynesian economics and it has saved the global economy a lot of grief.
But going into any of this is a waste of time, because some morons here don't even know what keynesian economics is, much less understand how it can be useful during recessions. They'd rather say "ron paul good" while drooling all over their bib.
Dope, moron, autistic kid .. you are a definite class act.
Thanks for explaining Keynesian macroeconomics ... now why don't you really study up on it and see what inflation is and how it is brought about by Keynesian philosophy. Explain how 1 dollar in 1903 is worth 2 cents now. As a nationalist, I'm sure you're all in favor of Uncle Sugar taking care of you and I am not.
There has been a break down of the banking and monetary system in case you haven't noticed. What are we over 133 failed banks this year with all that has been sunk into the economy it is still terrible and there are not that many jobs being made and more are being lost than created.
Austrian economics saw this downturn years ago, Ron Paul called it ... and he espouses Austrian economics. He advocates fiscal and personal responsibility and that just isn't popular in a welfare nanny state like a nationalist or socialist loves to hear.
Since we've gone off the gold standard the worth of the dollar has gone into the gutter. There is no denying that .. wait .. you can deny and call me a moron, idiot and autistic but it won't change the facts.
I can't believe any rational person thinks that the debt is not a problem .. you should work for government.
The national debt has more than doubled since 2001, thanks to the worst recession since the 1930s, several rounds of tax cuts and wars in Iraq and Afghanistan.
A looming wave of retirements over the coming decade is expected to make the situation worse.
The national debt currently accounts for 53 percent of GDP, up from 41 percent a year ago. That's likely to rise to 85 percent of GDP by 2018 and 200 percent of GDP by 2038 unless dramatic changes are made a bipartisan panel of budget experts said in a report
Government needs pared with a chainsaw and explosives to get rid of the waste and illegal branches. Return to gold/silver/etc standard. enforce reasonable interest rates (13% max) on any loan/credit card/etc. Cut spending to 70% of what is collected with all extra to buy out the oldest debt until clear.
I'd be willing to bet he does work for government. Can you see this guy working anywhere else?
-"The national debt currently accounts for 53 percent of GDP, up from 41 percent a year ago. That's likely to rise to 85 percent of GDP by 2018 and 200 percent of GDP by 2038 unless dramatic changes are made a bipartisan panel of budget experts said in a report."
And we have already begun borrowing to pay the interest on the debt.
One major problem was Bush going to war and increasing our debt during boom times. He put us in a huge hole before the recession even got started.
It's amazing that no one gets worked up about the massive, fiscal irresponsibility of our government, but people have been worked into a frenzy, by that same government, over global warming.
>"Besides, our national debt isn't that big of a deal right now."
Heywood_Jablome
I had a wife once that thought paying bills with our credit card was OK.