National debt: $18T and counting

[EdwardBaiamonte]

Our national debt surpasses $18 trillion. Debt Clock

Almost one third of the debt is held in Intragovernmental Holdings, around $5 trillion.
Remaining two thirds are held by public, and that's around $13 trillion.

US debt is rising regardless who is in power. The only difference is who cries about it. When D's are in power, R's are decrying the national debt, while D's saying it doesn't matter. And vice versa. It's hilarious.

Since 1933 when begin the end of gold standard, US government operates in fiat currency back only by the full faith and credit of the U.S. government. It's generally accepted that the U.S. government will "never" default on its loan obligations. Since our monetary system is created out of debt, not all debt is considered a bad thing.

So, how good or bad is our national debt?

America was built on debt

true story

so were most houses. It's hardly a important point.

 

[Procrustes Stretched]

Our national debt surpasses $18 trillion. Debt Clock

Almost one third of the debt is held in Intragovernmental Holdings, around $5 trillion.
Remaining two thirds are held by public, and that's around $13 trillion.

US debt is rising regardless who is in power. The only difference is who cries about it. When D's are in power, R's are decrying the national debt, while D's saying it doesn't matter. And vice versa. It's hilarious.

Since 1933 when begin the end of gold standard, US government operates in fiat currency back only by the full faith and credit of the U.S. government. It's generally accepted that the U.S. government will "never" default on its loan obligations. Since our monetary system is created out of debt, not all debt is considered a bad thing.

So, how good or bad is our national debt?

America was built on debt

true story

so were most houses. It's hardly a important point.

It is surely an important point when people like you try to lie about america

 

[EdwardBaiamonte]

Our national debt surpasses $18 trillion. Debt Clock

Almost one third of the debt is held in Intragovernmental Holdings, around $5 trillion.
Remaining two thirds are held by public, and that's around $13 trillion.

US debt is rising regardless who is in power. The only difference is who cries about it. When D's are in power, R's are decrying the national debt, while D's saying it doesn't matter. And vice versa. It's hilarious.

Since 1933 when begin the end of gold standard, US government operates in fiat currency back only by the full faith and credit of the U.S. government. It's generally accepted that the U.S. government will "never" default on its loan obligations. Since our monetary system is created out of debt, not all debt is considered a bad thing.

So, how good or bad is our national debt?

America was built on debt

true story

so were most houses. It's hardly a important point.

It is surely an important point when people like you try to lie about america

the too stupid liberal is afriad to say what lie he is talking about

 

[Ame®icano]

. We pay income tax because they [Fed}exist.

and without Fed no income tax???

 

[EdwardBaiamonte]

. We pay income tax because they [Fed}exist.

and without Fed no income tax???

and without Fed no income tax???

 

[Ame®icano]

Our national debt surpasses $18 trillion. Debt Clock

Almost one third of the debt is held in Intragovernmental Holdings, around $5 trillion.
Remaining two thirds are held by public, and that's around $13 trillion.

US debt is rising regardless who is in power. The only difference is who cries about it. When D's are in power, R's are decrying the national debt, while D's saying it doesn't matter. And vice versa. It's hilarious.

Since 1933 when begin the end of gold standard, US government operates in fiat currency back only by the full faith and credit of the U.S. government. It's generally accepted that the U.S. government will "never" default on its loan obligations. Since our monetary system is created out of debt, not all debt is considered a bad thing.

So, how good or bad is our national debt?

America was built on debt

true story

so were most houses. It's hardly a important point.

Since this is something we could agree on, how about you answer the question from OP.

How good or bad is our national debt?

 

[Ame®icano]

. We pay income tax because they [Fed}exist.

and without Fed no income tax???

and without Fed no income tax???

You're still missing the point. Try again.

 

[OnePercenter]

. We pay income tax because they [Fed}exist.

and without Fed no income tax???

and without Fed no income tax???

You're still missing the point. Try again.

Make him pay a toll each time he pulls out of his garage.

 

[OnePercenter]

I have the answer!

-Base Federal tax or corporations at 30% of revenue.

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-off’s/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.

-Companies with 400 employees or less, employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.

-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure.

-Remove the FICA limit.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

-Make inversion illegal.

 

[Procrustes Stretched]

Our national debt surpasses $18 trillion. Debt Clock

Almost one third of the debt is held in Intragovernmental Holdings, around $5 trillion.
Remaining two thirds are held by public, and that's around $13 trillion.

US debt is rising regardless who is in power. The only difference is who cries about it. When D's are in power, R's are decrying the national debt, while D's saying it doesn't matter. And vice versa. It's hilarious.

Since 1933 when begin the end of gold standard, US government operates in fiat currency back only by the full faith and credit of the U.S. government. It's generally accepted that the U.S. government will "never" default on its loan obligations. Since our monetary system is created out of debt, not all debt is considered a bad thing.

So, how good or bad is our national debt?

America was built on debt

true story

so were most houses. It's hardly a important point.

Since this is something we could agree on, how about you answer the question from OP.

How good or bad is our national debt?

very subjective

 

[TakeAStepBack]

. If for some reason, people make run on a bank, and bank don't have enough money to pay out, it can collapse. Thats where Fed steps in.

dear, do you think you are the only monkey who can read about what the Fed does?

Name one country that doesn't help its economy??? Libertrianism is what is wrong.

Yeah something no one is practicing anywhere is to blame for central planning measures....

no he's right.It seems that many libertarians would let a million small businesses collapse rather than temporarily bailout one large bank in NYC. Conservatives would preserve capitalism.

Once again Ed confuses capitalism with corporatism. Bailing out banks is not a capitalist endeavor, fool. It's a corporatist one.

 

[TakeAStepBack]

I have the answer!

-Base Federal tax or corporations at 30% of revenue.

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-off’s/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.

-Companies with 400 employees or less, employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.

-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure.

-Remove the FICA limit.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

-Make inversion illegal.

 

[Ame®icano]

Our national debt surpasses $18 trillion. Debt Clock

Almost one third of the debt is held in Intragovernmental Holdings, around $5 trillion.
Remaining two thirds are held by public, and that's around $13 trillion.

US debt is rising regardless who is in power. The only difference is who cries about it. When D's are in power, R's are decrying the national debt, while D's saying it doesn't matter. And vice versa. It's hilarious.

Since 1933 when begin the end of gold standard, US government operates in fiat currency back only by the full faith and credit of the U.S. government. It's generally accepted that the U.S. government will "never" default on its loan obligations. Since our monetary system is created out of debt, not all debt is considered a bad thing.

So, how good or bad is our national debt?

America was built on debt

true story

so were most houses. It's hardly a important point.

Since this is something we could agree on, how about you answer the question from OP.

How good or bad is our national debt?

very subjective

What is very subjective?

Does question states that debt its good or bad?

 

[Procrustes Stretched]

Our national debt surpasses $18 trillion. Debt Clock

Almost one third of the debt is held in Intragovernmental Holdings, around $5 trillion.
Remaining two thirds are held by public, and that's around $13 trillion.

US debt is rising regardless who is in power. The only difference is who cries about it. When D's are in power, R's are decrying the national debt, while D's saying it doesn't matter. And vice versa. It's hilarious.

Since 1933 when begin the end of gold standard, US government operates in fiat currency back only by the full faith and credit of the U.S. government. It's generally accepted that the U.S. government will "never" default on its loan obligations. Since our monetary system is created out of debt, not all debt is considered a bad thing.

So, how good or bad is our national debt?

America was built on debt

true story

so were most houses. It's hardly a important point.

Since this is something we could agree on, how about you answer the question from OP.

How good or bad is our national debt?

very subjective

What is very subjective?

Does question states that debt its good or bad?

look up the term: subjective

 

[Ame®icano]

America was built on debt

true story

so were most houses. It's hardly a important point.

Since this is something we could agree on, how about you answer the question from OP.

How good or bad is our national debt?

very subjective

What is very subjective?

Does question states that debt its good or bad?

look up the term: subjective

look up the term: troll

 

[Procrustes Stretched]

so were most houses. It's hardly a important point.

Since this is something we could agree on, how about you answer the question from OP.

How good or bad is our national debt?

very subjective

What is very subjective?

Does question states that debt its good or bad?

look up the term: subjective

look up the term: troll

look in the mirror

 

[EdwardBaiamonte]

Does question states that debt its good or bad?

how good is debt??? Idiotic liberal question. Would you rather own your house or be in debt to a bank?

See why we are 100% positive that liberalism is based in pure ignorance?

Now you know why liberals have tried 30 times to make debt illegal and why assbackwards liberals have killed every effort.

 

[EdwardBaiamonte]

Bailing out banks is not a capitalist endeavor, fool. It's a corporatist one.

of course temporarily bailing out a few banks so millions of capitalist businesses can survive is very very capitalist. Do you understand now?

 

[EdwardBaiamonte]

I
-Base Federal tax on corporations at 30% of revenue.
.

that would triple all prices in America and create massive poverty.

As a typical liberal you lack the IQ to be here.

 

[TakeAStepBack]

Bailing out banks is not a capitalist endeavor, fool. It's a corporatist one.

of course temporarily bailing out a few banks so millions of capitalist businesses can survive is very very capitalist. Do you understand now?

Capitalism is about businesses standing on their own merits, not receiving taxpayer bailouts. If they fail, they fail and other step in to fill the void. If the government steps in and bails out banks, automotive businesses and a handful of others, it is no longer capitalism. it's corporatism.

Do YOU understand now, skippy? I realize this is WAY above your caliber grade, but do try to keep up.