Economists: Congress needs to quickly move to slash SS, Medicare, & Medicaid

[patrick1]

The national debt has not decreased since the early 50s.

I stand corrected. The rate of increase fell in the Clinton (and Carter) years.

Patrick

 

[NeverEndingMe]

I wonder how the government pays for the roads and street lighting? They seem pretty durable to me. Or the schools.

Just as a for instance.

Patrick

the issue with schools is the people running them. they are not qualified hence we spend more each year and get less in return.

in the real world, these people would be terminated. however, in government they are promoted

 

[patrick1]

I was dealing with this specific point <<PATRICK misses the point and uses the wrong metaphor.

The national debt IS NOT the acquisition of real estate, capital, or durable goods; the stuff average people borrow money for. National debt is value removed from the American economy to finance the military, welfare, bureaucrats, and bailouts.>>

I think the national debt includes real estate, capital and durable goods.

A perplexing thing here is that I have decided to try and make small factual corrections when I see them.

I accept when I'm wrong.

Quite a lot of people here don't seem to want to do that. When you mildly correct them they don't respond except with another rant about something.

Why is ranting a good way of going about a debate?

Patrick

 

[NeverEndingMe]

I was dealing with this specific point <<PATRICK misses the point and uses the wrong metaphor.

The national debt IS NOT the acquisition of real estate, capital, or durable goods; the stuff average people borrow money for. National debt is value removed from the American economy to finance the military, welfare, bureaucrats, and bailouts.>>

I think the national debt includes real estate, capital and durable goods.

A perplexing thing here is that I have decided to try and make small factual corrections when I see them.

I accept when I'm wrong.

Quite a lot of people here don't seem to want to do that. When you mildly correct them they don't respond except with another rant about something.

Why is ranting a good way of going about a debate?

Patrick

Patrick, the one thing about the GB is that these fools don't see any issue taking on more debt. its like they think debt is a good thing

 

[richard_daily]

The national debt has not decreased since the early 50s.

You do understand, that by definition, he national debt can not decrease... right?

 

[JohnnySavage]

You do understand, that by definition, he national debt can not decrease... right?

The National Debt right now is ~ $15 Trillion. If next year it is 14 trillion, it would have decreased by 1 trillion. If it goes to 16 trillion, it would have increased by 1 trillion.

 

[JAMESBJOHNSON]

I was dealing with this specific point <<PATRICK misses the point and uses the wrong metaphor.

The national debt IS NOT the acquisition of real estate, capital, or durable goods; the stuff average people borrow money for. National debt is value removed from the American economy to finance the military, welfare, bureaucrats, and bailouts.>>

I think the national debt includes real estate, capital and durable goods.

A perplexing thing here is that I have decided to try and make small factual corrections when I see them.

I accept when I'm wrong.

Quite a lot of people here don't seem to want to do that. When you mildly correct them they don't respond except with another rant about something.

Why is ranting a good way of going about a debate?

Patrick

No. The national debt is entirely unbacked money. None of the Federal property is collateral for anything.