What TARP money for jobs???

Dixie said:
Here is what he said originally...



Now since I was talking about, and he was responding to, "how long can a broke country" do something... and the economy, bailouts, and stimulus for the nation... I presumed we were talking about the national net worth. He did not indicate, but in context of the conversation, it appears he meant our NATIONAL net worth increased, not household net worth. If this was a grammatical error on his part, he had the opportunity to clarify on subsequent posts, and he indicated he was talking about "American" net worth. Again, I presume, since we are discussing national economy, federal programs, government policies... we are talking about the National net worth... which is currently -$12 trillion.
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Again - it's pretty hilarious that you're here trying to argue the economy & trying to claim that others "know nothing," when you're not even aware of the widely reported $2.7 trillion figure for Q3.

It's also funny that you think it's a "meaningless" number in a consumer-driven economy.

Stick to cerebral cortexes & fractions...
 
Superfreak said:
Good boy ditzie... you got the first portion of that correct. Our national debt IS indeed $12 trillion.

:good4u::good4u::good4u::good4u::good4u:

Now ditzie... WHAT is the formula for calculating NET WORTH?

NET WORTH does NOT equal DEBT.

Net Worth = Total ASSETS - Total Liabilities

So the only way the NET WORTH of this country is equal to its debt is if the country has ZERO ASSETS.

Are you suggesting the country has no assets ditzie? Because I know you don't want me 'putting words in your mouth'.... so tell us... which is it...

ARE YOU...

1) Telling us our countries assets equal ZERO?

OR

2) Were you wrong to state our Net Worth was equal to our debt????
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When you say "our country" do you mean the collective people and households within our country? Or do you mean our Federal Government? If we are talking about the American Federal Government, it is ~$12 trillion in debt... meaning, after considering all tangible assets, has a debt of that amount. The assets have already been figured into the amount of the debt, we are negatively imbalanced, counting all federal assets. In fact, the combined net worth of the entire Fortune 500, would not equal our national debt.
 
Onceler said:
Again - it's pretty hilarious that you're here trying to argue the economy & trying to claim that others "know nothing," when you're not even aware of the widely reported $2.7 trillion figure for Q3.

It's also funny that you think it's a "meaningless" number in a consumer-driven economy.

Stick to cerebral cortexes & fractions...
Click to expand...

What's even more hilarious is how soundly I kick your ass on all those subjects, but you still try to throw them out there to divert the topic of the thread, because you are too stupid to articulate a valid point in the debate! That's really hilarious!
 
Dixie said:
What's even more hilarious is how soundly I kick your ass on all those subjects, but you still try to throw them out there to divert the topic of the thread, because you are too stupid to articulate a valid point in the debate! That's really hilarious!
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You don't kick ass on a topic by not knowing anything about it, you crazy ol' Alabaman...
 
Dixie said:
FREAK AND ONZIES SITTIN IN A TREE... K-I-S-S-I-N-G...
FIRST COMES LOVE, THEN GAY MARRIAGE...
THEN CUMS FREAK WITH THE KY BUTTLUBE!
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That's usually how the great ones react when they have "kicked ass" in debate.

Buckley comes to mind...
 
LOL he's so retarded. If you wanted to add that up anyway, you would use the gross national debt, not just the federal debt. And obviously, you'd add the total networth of the US to that.

The debt is not the networth, it is the debt. So so so so stupid.

For instance, I have like 300 dollars in debt right now. But that's not my networth. My NW is more like -200 dollars (seriously, I'm po).
 
"Just your opinion, which is ridiculous"

Hey! I asked for more than one sentence. What about it, tootsie? (no cut & pastes, either!)
 
Superfreak said:
The above is 100% FALSE

The -$12 trillion is our national DEBT.

Again dear lil ditzie... NET WORTH = ASSETS - LIABILITIES

You keep focusing on JUST THE DEBT.
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NET WORTH = ASSETS - LIABILITIES (NOT DEBT)

DEBT happens when liabilities exceed assets, the opposite condition would be a SURPLUS... which we currently DO NOT have, we have a DEBT of ~$12 trillion!
 
Dixie said:
When you say "our country" do you mean the collective people and households within our country? Or do you mean our Federal Government? If we are talking about the American Federal Government, it is ~$12 trillion in debt... meaning, after considering all tangible assets, has a debt of that amount. The assets have already been figured into the amount of the debt, we are negatively imbalanced, counting all federal assets. In fact, the combined net worth of the entire Fortune 500, would not equal our national debt.
Click to expand...

No ditzie... the assets have NOT been figured in. Otherwise they would NOT call it our NATIONAL DEBT.

Our NATIONS Net Worth is calculated by taking the HOUSEHOLD Net worth (that Lorax mentioned) Adding in the corporate net worth, adding in Government assets and then SUBTRACTING the NATIONAL debt.

THAT is how you calculate our nations net worth you moron.
 
Dixie said:
This is true, but my point was a little more simple to comprehend. If the government funds a payroll of say $100 million... then $100 million is how much the people getting the money can spend... no more than this, and as you point out, probably less. But the program cost the taxpayers $1 billion, so to get $100 million in consumer spending, it cost the government $900 million more. The first question is, how long will it take and how much will it cost, to generate enough economic prosperity to recover from this recession? Second question, how long can this be sustained? As soon as the money is gone and the temp jobs go away, the people can't spend what they don't have anymore, so the economic stimulation stops and we return to where we are now.


In Onzies World, the government spends $1 billion, and it reaps $50 billion in consumer spending, sparking instant economic prosperity and forever bringing us out of recession and paying off the national debt!
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I was adding to your point, not trying to take anything away. If you give the targeted tax breaks it is far more efficient, that part was a possible solution that would make it pay it back over time.... It's a job maker, not taker. And such infrastructure will create jobs that actually couldn't be sent overseas unlike solar power and the companies that make the windmills for wind power...
 
Dixie said:
NET WORTH = ASSETS - LIABILITIES (NOT DEBT)

DEBT happens when liabilities exceed assets, the opposite condition would be a SURPLUS... which we currently DO NOT have, we have a DEBT of ~$12 trillion!
Click to expand...

you really aren't kidding are you? You ARE this fucking retarded aren't you?

Debt does NOT 'happen' when liabilities exceed assets you idiot.

You could have a billion in assets and $100 million in debt. Debt is a liability you moron.

A DEFICIT occurs when spending is more than revenue. DEBT occurs when you borrow money to cover that deficit spending. That DEBT then becomes a liability (something you have to pay back... aka 'something you are responsible for')
 
Superfreak said:
you really aren't kidding are you? You ARE this fucking retarded aren't you?

Debt does NOT 'happen' when liabilities exceed assets you idiot.

You could have a billion in assets and $100 million in debt. Debt is a liability you moron.

A DEFICIT occurs when spending is more than revenue. DEBT occurs when you borrow money to cover that deficit spending. That DEBT then becomes a liability (something you have to pay back... aka 'something you are responsible for')
Click to expand...

You're trying to formulate another semantics argument again, and I won't do that with you, sorry. Our national DEBT is the result of not having the tangible assets to cover our liabilities, that is FACT. You are trying to claim our debt doesn't consider our assets, and that isn't the case, our expenditures and liabilities do not consider our assets, our negative DEBT is the result of deducting our assets from our expenditures and liabilities.
 
Dixie said:
You're trying to formulate another semantics argument again, and I won't do that with you, sorry. Our national DEBT is the result of not having the tangible assets to cover our liabilities, that is FACT. You are trying to claim our debt doesn't consider our assets, and that isn't the case, our expenditures and liabilities do not consider our assets, our negative DEBT is the result of deducting our assets from our expenditures and liabilities.
Click to expand...

No ditzie... it is NOT semantics. It is YOU not comprehending the definition of words.
 
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