Yes they are.
They starve the Treasury of revenue, which then has to be made up through higher taxes elsewhere, or cuts to essential services which ends up forcing workers to spend more out of pocket. So they're taxpayer funded.
Federal deficit grows by 32% to $900B
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Yes they are.
They starve the Treasury of revenue, which then has to be made up through higher taxes elsewhere, or cuts to essential services which ends up forcing workers to spend more out of pocket. So they're taxpayer funded.
Without the business charter or license, you cannot legally run a business.
So it's the State that gives you the ability to start a business. But that's not a right. Nor is it an entitlement.
I don't believe you own a business. I don't believe you've ever worked for one either. I believe you're just a self-loathing moocher who comes on internet message boards to feel better about how you underachieved in your life.
You'll never verify any of the personal claims you make here about yourself because you can't.
Yes, you do need to.
Your entire argument is predicated on this character backstory.
If your character backstory is invalidated, so goes your entire argument which is predicated on people accepting your backstory.
I'm denying that to you. I don't believe you can make an argument without invoking personal anecdotes you know cannot be verified here.
So that begs the question; if they're useless, how come you've made your personal backstory central to your argument?
What a crybaby.
So you get caught acting in bad faith and this is how you rectify it?
Grow up and get over yourself.
You've got me confused with someone else. I'm for tax increases along with spending cuts.
You are the fraud as usual.
But why? That's my point. You're jumping to what you support, but you aren't answering the question as to why you care so much about the deficit and debt and why tax increases and spending cuts are the prescription for this concern you have, but haven't articulated why you have it.
From where is it coming? Why not just raise taxes? That's what they did in Kansas and their budgets turned to surpluses literally overnight.
To pay for our past sins it has to hurt and hurt bad. After the ensuing mega recession we'd be in a state of fiscal responsibility and not a penny of taxes would go to paying debt service, all toward infrastructure.
But we'd need a strong and wise king (me) to implement it. Politicians don't have the courage to do the right thing.
What are you talking about? What past sins? What?
So there's no fiscal or economic reason behind it; just your personal feelings.
BARF.
What a phony.
OK, but you realize paying off our debt means the bondholders then don't get to realize their gains. Which would have what effect on the economy?
Seems to me that you haven't given this much thought.
We maintain the debt to the bondhlders but balance that with a surplus. Once the bonds are paid off we no longer issue bonds except in case of an emergency like WW III, e.g.
we'd be in a state of fiscal responsibility and not a penny of taxes would go to paying debt service, all toward infrastructure.
You're a fraud. A rayciss fraud. Anybody that takes an opposing viewpoint of me is a rayciss fraud.
Fentoine Lum
Verified User
Or infrastructure, or jobs, or the debt peonage driven indentured servitude of kids seeking a college education, or education in general.
That dude is definitely not packing a full seabag. I like your idea there.
So...there is debt after all, then. So you can't completely eliminate debt because without it, there's nothing funding the government other than tax revenue which doesn't come in evenly throughout the year. So eliminating the debt is a promise that can't be fulfilled simply because of the fact that the government continually issues bonds in order to meet its monthly obligations.
So maybe the solution is to simply raise taxes since we've spent the last 40 years cutting them.
anonymoose for king!
Fentoine Lum
Verified User
We're not in WWIII now? We sure are behaving like it.
You make the most sense Doc.
If we stopped issuing bonds, then government checks would bounce because we issue bonds and the government borrows throughout the year because not all tax revenue is collected evenly throughout the year. Most tax revenue is collected in April. So without bonds, you can fund the government for the month of April. The 11 other months of the year? Eh, not so much.
No, you're just not thinking things through.
Temporarily.
Irrelevant. Taxes and spending are adjusted every yr., or say, 3 yrs. based on past performance.
It can if spending = revenue over time.
Because we're continuously fiscally irresponsible.
As long as the tax revenue > spending. Another solution is maintain tax revenue and cut spending so that Spending is < tax revenue. I prefer the shock scenario by raising taxes, cutting spending. Make it hurt and bad.
Universal Moosecare, fiscal responsibility, not a penny paying debt interest.