Black Dog Posted November 2, 2012 Report Share Posted November 2, 2012 I think we should never run deficits, bad economy or not. Always balanced or under budget. if we need to cut programs then we do it. Everyone cannot have everything all the time. Never had a mortgage or carried any credit card debt I take it? Quote Link to comment Share on other sites More sharing options...
Mr.Canada Posted November 2, 2012 Report Share Posted November 2, 2012 Never had a mortgage or carried any credit card debt I take it? Sure I do but I don't continually rack up my credit card each month to the max and tell them I'll pay them off in 1000 years. I pay my balance each month. I don't have a mortgage that is over my head either. The US is mortgaging it's future for today. Quote Link to comment Share on other sites More sharing options...
Black Dog Posted November 2, 2012 Report Share Posted November 2, 2012 Sure I do but I don't continually rack up my credit card each month to the max and tell them I'll pay them off in 1000 years. I pay my balance each month. I don't have a mortgage that is over my head either. The US is mortgaging it's future for today. So you understand that sometimes people need to take on debt to afford the things they want/need. Why should government be any different? Quote Link to comment Share on other sites More sharing options...
cybercoma Posted November 2, 2012 Report Share Posted November 2, 2012 I think we should never run deficits Did you get a mortgage? Pay for all your vehicles with cash? Quote Link to comment Share on other sites More sharing options...
cybercoma Posted November 2, 2012 Report Share Posted November 2, 2012 Never had a mortgage or carried any credit card debt I take it? Damn you! Quote Link to comment Share on other sites More sharing options...
GostHacked Posted November 2, 2012 Report Share Posted November 2, 2012 So you understand that sometimes people need to take on debt to afford the things they want/need. Why should government be any different? Because once a country is in debt, it rarely gets out of debt. Quote Link to comment Share on other sites More sharing options...
Mr.Canada Posted November 2, 2012 Report Share Posted November 2, 2012 So you understand that sometimes people need to take on debt to afford the things they want/need. Why should government be any different? Great what is the time table to pay this money back then? You see when I agree to a debt there is an end date. A date at which i will have repaid this debt completely. The Obama is accumulating 1 trillion a year in debt, when is he planning to pay this back and how? Quote Link to comment Share on other sites More sharing options...
Black Dog Posted November 2, 2012 Report Share Posted November 2, 2012 Because once a country is in debt, it rarely gets out of debt. Then perhaps we should accept that debt is simply one of those things we have to live with if we want a functioning society. Quote Link to comment Share on other sites More sharing options...
-TSS- Posted November 2, 2012 Report Share Posted November 2, 2012 The Economist endorses Obama. The Economist always thinks that reducing the taxes of super wealthy people is a good idea. A classical example of thinking that if you let the rich revel at the table as much as they wish some crumbs will fall off the table for the poor to eat too. Having said that, the top-tax for the wealthy in France, 75%, advocated by their new President is way over the top of any reasonable level. Quote Link to comment Share on other sites More sharing options...
Shady Posted November 3, 2012 Report Share Posted November 3, 2012 (edited) Clinton accidently speaks the truth on the campaign trail today. Clinton: I may be the only person in America, but I'm more excited about Obama this time Edited November 3, 2012 by Shady Quote Link to comment Share on other sites More sharing options...
BubberMiley Posted November 3, 2012 Report Share Posted November 3, 2012 Clinton accidently speaks the truth on the campaign trail today. Where's the accident? Obama can't be the first African American president again. It has always been a given that he wouldn't be able to generate the same level of excitement the second time around. But it's nice to see you agree with Clinton's "truth" that there is still reason to be enthused. Quote Link to comment Share on other sites More sharing options...
-TSS- Posted November 3, 2012 Report Share Posted November 3, 2012 Clinton accidently speaks the truth on the campaign trail today. Clinton: I may be the only person in America, but I'm more excited about Obama this time He has really aged. He even looks like his age, which couldn't be said of his years in office. Quote Link to comment Share on other sites More sharing options...
Shady Posted November 3, 2012 Report Share Posted November 3, 2012 He has really aged. He even looks like his age, which couldn't be said of his years in office. True, but he's a great team player. He's done more to get Obama re-elected than Obama has, and he can't even stand the guy. You gotta give Bill Clinton a lot of credit. Quote Link to comment Share on other sites More sharing options...
cybercoma Posted November 3, 2012 Report Share Posted November 3, 2012 In that case, Romney is the best team player for the Dems. He's done more to get Obama re-elected than Obama has. Quote Link to comment Share on other sites More sharing options...
Shady Posted November 3, 2012 Report Share Posted November 3, 2012 In that case, Romney is the best team player for the Dems. He's done more to get Obama re-elected than Obama has. Yes of course he has. Was kicking Obama's ass worse than any candidate in the history of debates on October 3rd part of the re-election effort? LOL! Quote Link to comment Share on other sites More sharing options...
cybercoma Posted November 3, 2012 Report Share Posted November 3, 2012 Yes of course he has. Was kicking Obama's ass worse than any candidate in the history of debates on October 3rd part of the re-election effort? LOL! For as bad as he kicked Obama's ass, he's been kicking himself in the ass even harder. Quote Link to comment Share on other sites More sharing options...
Shady Posted November 3, 2012 Report Share Posted November 3, 2012 For as bad as he kicked Obama's ass, he's been kicking himself in the ass even harder. Whatever you say boss. Quote Link to comment Share on other sites More sharing options...
cybercoma Posted November 3, 2012 Report Share Posted November 3, 2012 Whatever you say boss. Don't call me boss, professor. Quote Link to comment Share on other sites More sharing options...
Shady Posted November 3, 2012 Report Share Posted November 3, 2012 Don't call me boss, professor. Whatever you say then. Quote Link to comment Share on other sites More sharing options...
Wayward Son Posted November 3, 2012 Report Share Posted November 3, 2012 (edited) Great what is the time table to pay this money back then? You see when I agree to a debt there is an end date. A date at which i will have repaid this debt completely. The Obama is accumulating 1 trillion a year in debt, when is he planning to pay this back and how? People used your personal finances to show that your claim that governments should NEVER run a deficit is hypocrisy. Your subsequent claims that your personal debts and deficits are different because you agree to a repayment date still does not support your position that governments should never run a deficit. However, while it is simple, I don't think that people should compare personal households to governments. For instance, if I found myself spending more than I was making and I cut back on expenses, say 20%, that would improve my situation in the long run and have no real impact on anyone outside of my household. However, if every household in the country decided to cut back on expenses by 20% the average household would not find that their fiscal situation was improved for the simple reason that the 20% decline in personal spending across the country would wipe out jobs and contract the economy. The IMF, long the hugest supporter of austerity, has said that in the current fiscal crisis austerity measures have led to slowed growth and that countries that invoked stimulus spending have done far better. It sounds great to say that Governments should just cut program spending to avoid deficits, but that is being oblivious to the reality of how the economy works when changes in the economy can transfer a budget surplus into a $15 billion deficit over the course of one year. As the IMF has said the fiscal multiplier has been about 0.9 to 1.7 for European countries during this fiscal crisis. That means that if find that you are facing a deficit of $1 billion, cutting spending by $1 billion would not wipe out that deficit because the reduction of $1 billion in spending would lead to a reduction in revenues of anywhere from $0.9 billion to $1.7 billion. At best cutting spending during a fiscal crisis does nothing to decrease the deficit in question, at worst it dramatically worsens the deficit. The time to pay down the debt was in the years leading up to the financial crisis when the economy was in good enough shape that cutting government spending would not adversely affect the economy. This was done by the Chretien and Clinton governments who turned large deficits into large surpluses without harming growth. Dubya did the opposite and through massive spending increases and tax cuts brought the US from record surpluses to record deficits. Obama got stuck inheriting an economy where deficits were already above $1 trillion and spending cuts would have just pushed the American economy further down the tubes. Edited November 3, 2012 by Wayward Son Quote Link to comment Share on other sites More sharing options...
cybercoma Posted November 5, 2012 Report Share Posted November 5, 2012 Romney is the first and only presidential candidate to decline participation in the Youth Debate http://youthdebate2012.org Quote Link to comment Share on other sites More sharing options...
BC_chick Posted November 5, 2012 Report Share Posted November 5, 2012 Wow. Quote Link to comment Share on other sites More sharing options...
punked Posted November 5, 2012 Report Share Posted November 5, 2012 Romney is the first and only presidential candidate to decline participation in the Youth Debate http://youthdebate2012.org What do you expect from a guy running on campaign with the message "We only want old white voters.....mostly male." Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted November 5, 2012 Report Share Posted November 5, 2012 Looks like I will have ten choices for U.S. Prez & VP, plus a write in vote for "Micky Mouse", a traditional favorite: U.S. President & Vice President MITT ROMNEY AND PAUL RYAN REPUBLICAN U.S. President & Vice President BARACK OBAMA AND JOE BIDEN DEMOCRATIC-FARMER-LABOR U.S. President & Vice President GARY JOHNSON AND JIM GRAY LIBERTARIAN PARTY U.S. President & Vice President JAMES HARRIS AND MAURA DELUCA SOCIALIST WORKERS PARTY U.S. President & Vice President VIRGIL GOODE AND JIM CLYMER CONSTITUTION PARTY U.S. President & Vice President DEAN MORSTAD AND JOSH FRANKE-HYLAND CONSTITUTIONAL GOVERNMENT U.S. President & Vice President JILL STEIN AND CHERI HONKALA GREEN PARTY U.S. President & Vice President JIM CARLSON AND GEORGE MCMAHON GRASSROOTS PARTY U.S. President & Vice President PETA LINDSAY AND YARI OSORIO SOCIALISM AND LIBERATION U.S. President & Vice President ROSS C. "ROCKY" ANDERSON AND LUIS J. RODRIGUEZ JUSTICE PARTY U.S. President & Vice President WRITE-IN** WRITE-IN Quote Link to comment Share on other sites More sharing options...
cybercoma Posted November 5, 2012 Report Share Posted November 5, 2012 How can you pass up the chance to vote for someone called "Rocky"? Quote Link to comment Share on other sites More sharing options...
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