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What?Might be good to start with a list of things that you are willing to give up that directly effect you.
What?Might be good to start with a list of things that you are willing to give up that directly effect you.
Nothing can be put forward to address this. As I’ve stated, this is going to be an ongoing issue. I also reiterated, it’s a global issue not just a US one.Debt can't be a concern for the Republicans if all they want to talk about is lowering taxes on the wealthy. They have failed to put forth any policies that would address the issue other than for cutting social programs. They don't talk about cutting money to any program that benefit the wealthy. If debt is a concern of yours we need to focus on raising taxes and taking the burden off of lower income people so they can earn more money to pay more taxes. Instead we have politicians that continue to ensure that there is a major wealth gap that is ever growing.
"OMG these poor won't work for a wage they can't live off of."
"Homeless people are a problem, poor people are a problem, immigrants are a problem, but don't you dare tax wealthy people anything."
Trickle down economics doesn't work and has constantly lead to gaps in the budget. Those who benefit the most from the system need to be the ones that bare the most burden on supporting the system they benefit from. Imagine complaining about Medicare and Medicaid when a major part of the expense of these programs goes to profitting private companies.
Sure none of us want to have a wasteful system, and we want our money to be spent efficiently. We want to see the benefits of our tax money. Yet we constantly elect officials that cut quality of life benefits for the poor, work to pass laws that eliminate workers rights, and ensure that we live in a police state. All while wanting to keep wealthy people super wealthy.
I'm living fine, actually..
I think the covid pandemic may have eliminated your sense of humor
I love that the guy saying this isn’t a legitimate concern is calling me a hack for pointing out that we will only ever have perpetually growing debt from this point on.
Our entire economic market system is predicated on infinite growth. Infinite is impossible in a finite resource system. That's the problem, and it is unsolvable unless we agree debt, to a certain extent, is inevitable.
Sure we could increase taxes and cut spending. It's fairly simple. However the doom and gloom that debt is out of control isn't necessarily true. It's a strong talking point that keeps repeated, yet the people that use this talking point are against increasing revenue, so it has become increasingly dumb for them to use it.Nothing can be put forward to address this. As I’ve stated, this is going to be an ongoing issue. I also reiterated, it’s a global issue not just a US one.
But, by all means — anyone who wants to can feel free to just blow it off and say it’s no biggie.
You do realize that it’s not as easy as “cut spending and increase taxes” right?Sure we could increase taxes and cut spending. It's fairly simple. However the doom and gloom that debt is out of control isn't necessarily true. It's a strong talking point that keeps repeated, yet the people that use this talking point are against increasing revenue, so it has become increasingly dumb for them to use it.
Increasing revenue is pretty straightforward increase taxes. Making cuts is much more complicated. With cuts you can have major impacts on the economy. You could also focus on targeting wasteful spending and fraud, but this requires investment into the infrastructure of the government to be able to check for such things. When you have government officials that want to both cut taxes and cut the ability of the government to Crack down on waste and fraud You can not have efficiency with spending. Instead they just want to focus on gutting public assistance programs. This is a very inefficient way to run a government, and why "small government" politicians are frauds.
If the goal is to reduce debt then it is a matter of increasing revenue over the amount of spending. So if we are going by the talking points of how debt is bad and will lead to a crisis, then the solution is straightforward. However National debt is not the same as household debt, especially for the US.You do realize that it’s not as easy as “cut spending and increase taxes” right?
You can either be in the camp of “Debt doesn’t matter” but it’s a pretty incredible position to take when the interest were carrying is greater than the defense budget and our unfunded debt is 5x the National GDP.
Furthermore, it’s not just an American issue. Idk how “debt doesn’t matter” can be a position a rational person can take when the global debt to gdp ratio is over 300%.
This is why I said that the only way you can think it’s not a problem is if you simply think money is just an arbitrary thing that really doesn’t matter.
You do realize that it’s not as easy as “cut spending and increase taxes” right?
You can either be in the camp of “Debt doesn’t matter” but it’s a pretty incredible position to take when the interest were carrying is greater than the defense budget and our unfunded debt is 5x the National GDP.
Furthermore, it’s not just an American issue. Idk how “debt doesn’t matter” can be a position a rational person can take when the global debt to gdp ratio is over 300%.
This is why I said that the only way you can think it’s not a problem is if you simply think money is just an arbitrary thing that really doesn’t matter.
What if we globally decide to forgive all debt and start over
Also, I have more questions than answers. For example: how does any nation truly enforce a debt issue against another country? Let's take the Chinese debt traps for example -- if a nation defaulted on a Chinese loan and refused to turn over some national resource to China as satisfaction for the debt...how does China get paid? Sanctions? Enforced by whom?
This swings back to the larger issue about real world consequences. Who enforces sanctions against us? It seems to all boil down to who has the bigger coalition and once you're part of a big enough coalition, no one is going to heavily penalize the other debtors in the group because they don't want themselves to be penalized later.