Posted on 06/08/2020 1:16:37 AM PDT by Veggie Todd
$25.9 Trillion National Debt
$78,592 Per Citizen
$208,730 Per Taxpayer
I remember the good old days when it was 70000 / family and then $70,000 per taxpayer :-)
don’t you know that debt doesn’t matter. Even some here say that. We are paying such low interest rates that burning 600 billion a year on interest is no big deal.
I am being sarcastic but I do have one question. Are the interest rates on all of this debt fixed? Or can they go up? Or down?
I was a loyal member of the Conservative Politics As Usual Brigade until a couple of weeks ago when I looked up the US GDP during a conversation. We’re hovering around $20 trillion. I can’t even wrap my brain around that. I don’t understand why we’re even running a deficit but I do understand that the massive wealth our nation generates is not benefiting our citizens the way it should be. All that money is going somewhere and it’s not going into the pockets of the primary investors, the citizens. We invest our lives and our children into this country and the return on investment these days is horrible. We need to renegotiate, and the debt can jump off a cliff.
The debt is a disaster, but we are also facing global socialism, radical Islam, and a massive fifth column that will support any anti-American movement. Our top priority has to be two terms for President Trump, and fiscal responsibility in his first term would have made him a one-term president. Trump had to be a big spender in his first term. I hope he will turn that around in his second term - “use his pen and his phone” along with other maneuvers to slash federal spending if Congress will not do so.
I remember just as Reagan took office it was under $1 trillion and people were freaking out about it. Now, we add $1 trillion every few months.
Wow
I remember the dems mocking Reagan because the debt passed 1trillion on his watch, they were idiots then and they’re still idiots. We seem to be locked in the past as well. I blame the “moderate” Republican leadership and I think they know full well what they’re doing.
This is not the industrial age and we are not in a post-war recovery economy but leadership is feeding us what amounts to bs about what this country can afford and more importantly what we should be doing with the unprecedented wealth the US economy generates. No American citizen should be living paycheck to paycheck, nobody should be worried about healthcare costs or student loan debt. There’s no financial need for it and we’ve been looking at the American people wrong for a long time. We can blame the marxists for that. Don’t look at “the people” as dependents, we’re investors and we invest everything we have. The return on that investment sucks right now, we’re mentally locked in the early 80s recovering from the carter nightmare. That PoV doesn’t match reality.
Too many people are locked in jobs making buggy whips while the economy pumps out brand new cars. Entire industries need to be allowed to die, big business needs to be allowed to fail. Our “poor” need to be allowed to take ownership of what they’re investing their lives in. We ALL need to be allowed to take ownership of what we’re investing our lives in.
Residential property taxes need to end, welfare needs to end, social security needs to end. Medicare, medicaid, WIC, obamacare... all of it needs to end. Those are the methods our governing class use to pay dividends to the stockholders and they all suck. Dump them all and start doing actual profitsharing. $5k per month to every US citizen (that’s what this social services disaster and big business prop up is costing us) and let us do our own thing. A LOT of people will definitely stop working but a lot of people are trapped in jobs that have no reason to exist as it is. There would be chaos. People won’t work for asshats anymore. People will do things they actually enjoy. This is turning into a manifesto and it’s all because I wondered what the GDP was a few weeks ago. We own this place and we’re living like serfs. That needs to end. And so does this screed. I apologize but it’s getting me worked up.
The taxes make us serfs, but what job you have is up to you. Go start a business, or go to school and create your own career. NO one tells you that you have to work for someone. If you want ownership, you need to actually own something and not just contribute to something bigger like a large corporation. Invest in companies using stocks and bonds or private equity.
The only “tax” that protects industry, wages and workers is the tariff. Tariffs are optional, unlike income tax which is a tax on “the fruits of our labor”.
No amount of tweaking the system for revenue will suitably deal with the bigger problem, which is out of control federal spending. The system under our Constitution gives Congress considerable spending authority. It essentially makes it each US Rep’s job a contest to see who can bring home the most bacon for the respective individual districts.
Various attempts have utterly failed to rein it in. Term limits and self-imposed budgetary constraints could not overcome constitutional challenges, and the impulse for ever-greater spending remained in place. As spending has increased, the drive to lobby Congress for favors has turned into a huge industry and its shameless pandering by Washington area law firms.
Until Congress can be returned to a sensible footing on spending, the tinkering with different revenue sources will not be enough.
Tariffs raise revenue and protect domestic industry that is why globullists like you hate them. The USA is the only remaining industrial country remaining that doesn’t have any significant import tariffs and is hemorrhaging factory jobs.
Fixed it.
So much for more stimulus, that ain’t gonna happen.
There are entirely too many Americans locked in dead end, pointless jobs because they’re living paycheck to paycheck in the richest nation in the history of the world and that’s wrong. By virtue of our citizenship we all hold an equal stake in this nation, starting on an equal footing no life holds more value than another, no one can give more than everything and eventually that’s what every person gives to this country: everything. I’m referring of course to those who play by the rules. But let’s also discuss our welfare victims who have, for generations, been told they aren’t good enough to make it in the US and they need the kind charity of big government just to survive. That those government programs destroyed the traditional family wasn’t accidental either. That whole series of injustices is probably a crime against humanity perpetrated by the very people who lied that it was assistance.
Beyond all that, the model you present is antiquated, and I don’t mean it’s bad, but I definitely mean it’s no longer true. Americans by the millions are locked into pointless jobs by personal debts that never should have been a thing. Jobs they hate, employed by massive international companies that have long since broken the fundamental contracts between employee and employer. The entire bloated system of public and private enterprise is teetering on a knife edge. We need to overhaul it from the ground up immediately. Like tomomrrow or we won’t have a chance at a peaceful reorganization. We’ve turned humans into commodities and that’s just not working.
For my entire life the left has called the right evil and the right has called the left stupid. I think that’s backwards. The left is evil. It destroys what it can not possess so that none may have it. More importantly, the right is stupid (and I include myself), we’re led around by a bunch of globalist “moderates” who live for the accumulation of power and wealth in their own group. Romney and anyone named Bush are the posterchildren of an elite who make the elites of the left look like amateurs. .. Well they would if they weren’t two sides of the same coin. I firmly believe that’s what they hate about Trump more than anything, he’s not in their club and they’re closing ranks against him. And if they win they’ll go back to business as usual squeezing the life from the people of the United States. Screw them and their idiotic, suffocating system.
“There are entirely too many Americans locked in dead end, pointless jobs because they’re living paycheck to paycheck in the richest nation in the history of the world and that’s wrong.”
No, it is not wrong. They can choose something else. There is no slavery in America, no one is chained to a job. If you are too lazy to change your world then don’t expect anything else. Lazy and stupid is no way to go through life.
Therefore, everything else you said is invalid. It was a childish view of the world that the feeble minded are told to instill communism.
Oh good grief. I’m arriving at this opinion at age 52 after watching the system grind down two generations of Americans. It’s not working anymore if it ever did and the idea that Americans aren’t chained to their jobs at least figuratively betrays a total lack of awareness of the people around you. Are you kidding me? We live in the richest nation in history, we, the people, built it and we, the people are not living in anywhere near the security and comfort that the investment of generations has made. Someone’s looting the place and the investors are getting ready to pull out which isn’t going to go well for anyone. Millions are one paycheck away from foreclosure on their homes, buried in student loan debt and unable to afford reasonable health care IN THE RICHEST NATION IN HISTORY! Not only rich but so rich we could throw money at every social program the left could dream up and it wouldn’t even cause a financial hiccup... which raises the question: WHERE is all the money going? Because it’s not staying here and it’s not raising the standard of living. So stuff the old way of doing it, it’s broke. Morally bankrupt and corrupt to its core. Bushes, Romneys, McCains, Powells... globalists all. Frankly they’re in the same club as the Clintons and the Pelosis.
“I’m arriving at this opinion at age 52”
Yet, you learned nothing. You spout liberal ignorance that money grows on trees. The REASON we are rich is because of capitalism and a free market, even though both are curtailed by liberal garbage.
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