Ronald Reagan's standard: "Are you better off ... ?" In 2017? In 2021?

[SmarterthanYou]

its how we all build wealth huh
its the same for a country
except individuals die so they aim to pay it off before they sign off huh
a country doesn't plan to die
some new debt is being used at differing times and is being paid down huh
no debt means your planning the end

THIS is why most people think you're a fucking retard.

 

[evince]

#73

Right.
When YOU get a car loan, you get benefit of the car now, and YOU pay the loan off later, over a period of a few years. THE ONE THAT BENEFITS PAYS THE PRICE (interest).

When the U.S. federal government goes into astronomical debt, the people that benefit die; leaving the grandkids stuck with the tab. If the grandkids want to send men to Mars, let them.
It's not our job to stage a manned Mars mission, and stick the grandkids with the bill.

it is our job to build and preserve this country and democracy for the future


don't be a selfish traitor

 

[evince]

THIS is why most people think you're a fucking retard.

fuck you evil fucking dickwasher

 

[sear]

its how we all build wealth huh
its the same for a country
except individuals die so they aim to pay it off before they sign off huh
a country doesn't plan to die
some new debt is being used at differing times and is being paid down huh
no debt means your planning the end" #79

Piffle.
There's more than one way to build wealth.

"Neither a Borrower nor a Lender Be" Shakespeare > Polonius: Hamlet act 1, scene iii

Beware of little expenses: a small leak will sink a great ship. - Ben Franklin (1706-1790)

Industry, perseverance & frugality make fortune yield. - Ben Franklin (1706-1790)

 

[evince]

every country uses the financial tool of debt




0 debt is a stupid idea

 

[sear]

"every country uses the financial tool of debt" #85

Perhaps.
But even if so, not at the %GDP the U.S. has.

And -everybody does it- doesn't make it right. It's still enslavement of the grandchildren.

 

[anatta]

Perhaps.
But even if so, not at the %GDP the U.S. has.

And -everybody does it- doesn't make it right. It's still enslavement of the grandchildren.

good point. debt isn't a problem until it's unsupportable.

Correct me if I'm wrong -but isn't US debt now MORE then 1 years GDP?
How do you pay that back?
Could any of us pay back debt if it was more then our yearly income? I couldn't.

and the debt is going ^ up

 

[sear]

#67

If a bloke points a .38 at you, and steals your wedding ring & wristwatch, that's theft.

If a guy points a .22 at you, and steals your credit cards, that's theft.

If a dude points a .45 at you, and steals your $cash, that's theft.

Does the calibre of the handgun really matter all that much?

The logical fallacy that prevails here is named "Sorites Paradox".
Pretending that there's some magical amount of debt we can incur which is alright, but beyond that it's immoral is silly.

Consider the self-righteous refrain of the slave-master / thief:

"it is our job to build and preserve this country and democracy for the future

don't be a selfish traitor" #82

If two billion North Korean invaders suddenly started flooding over our borders to conquer, enslave, or murder us,
and deficit spending would rescue us from that outcome, we might have a justification.

But our situation is none so dire.
To the contrary!
It's not that we are NOT spending that's the threat to our future.
It's that we're already spending too much!!

Fiscal responsibility is no sin.