The Derp
Gold Member
- Apr 12, 2017
- 9,620
- 661
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- Banned
- #221
Gold is largely "ornamental"????? Dude, you haven't the faintest clue
It is largely ornamental. There are tons of other metals that have the same uses as gold. From where does gold's value come? From its aesthetics. We like the way it looks. Beyond that, it doesn't have many uses that can't be satisfied with other metals.
There never was a "surplus".
Yes, there was. Open this link and scroll down to 1998 and you'll see that there were four consecutive budget surpluses that vanished as Bush the Dumber and Conservatives cut taxes. There was a $256B budget surplus in 2000 that was turned into a record deficit of $377B by 2003. That's entirely, 100% because of the Bush Tax Cuts. Bush would then set three more deficit records in 2004 ($412B), 2008 ($456B) and 2009 ($1.4T). Had Conservatives done nothing, we could have paid the debt off by 2010. But Conservatives couldn't even do nothing right.
When Clinton left office the debt was at 5.5 trillion dollars but Clinton and the repub controlled house and senate of that era added 1.36 trillion of that but far from being in "surplus" territory.
So, OK, it's clear you don't know what a surplus is. Fine. Let me educate you. A surplus is when the government collects more in revenues than it spends in outlays. From 1998-2001, we ran four consecutive surpluses. You don't know the differences between a surplus, a deficit, and debt. So we can't have a discussion about this until you accept the facts.
Bush the lesser doubled it and the Barrypuppet then doubled it. "Da gubermint" which is owned by the IMF collects the taxes and any increase would go to them and the fact that you believe that they would pass on the raping and pillaging of others to benefit you is ludicrous because you have no clue as to how the system actually works. I do. Why do most countries operate under a debt load? Because they have a central bank that creates money out of thin air and then charges interest for it. Every FRN is a debt note and a "Promise to pay".
Obama didn't double it. He grew it by 80% but that was largely because he paid for the wars, Medicare Part-D, and the Bush Tax Cuts, which you guys didn't do. So Bush doubled the debt in 8 years, while you all said nothing. But suddenly Obama comes in, stops the account trickery that Conservatives are famous for, and you blame him for the debt? Fuck you.