Going Down with the Ship

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May 7, 2013
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#3
Not sure what the problem is - nobody has any intention of ever repaying that debt
You right but the people spending and borrowing it aren't the people on the hook for it. I didn't sign up for them to continue to borrow and then hand out billions to corporate interests and foreign governments (where's our handout), yet at the end of the day we all will be taxed for it one way or another. Aside from that, it will eventually lead to destabilization of the US, which ushers in a cloud of uncertainty for the population, and ultimately destabilizes other governments around the world as well. The biggest debt holder of the US is now the Federal Reserve. Who is the Federal Reserve? Who is on the board of the Federal Reserve? Who are the stakeholders of the Federal Reserve? They only give us one Jewish mouthpiece aka the chair and that's that.
 
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Props: Mixerr
Nov 24, 2003
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#4
Not sure what the problem is - nobody has any intention of ever repaying that debt


The problem is that the rate of expenditure has reached an irrecoverably unsustainable level and we are quickly approaching a period of extreme social unrest, which as you have pointed out in the past, could lead to the end of our species as wars over resources are fought and WMDs fall into the "wrong" hands.
 
Nov 24, 2003
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#5
You right but the people spending and borrowing it aren't the people on the hook for it. I didn't sign up for them to continue to borrow and then hand out billions to corporate interests and foreign governments (where's our handout), yet at the end of the day we all will be taxed for it one way or another. Aside from that, it will eventually lead to destabilization of the US, which ushers in a cloud of uncertainty for the population, and ultimately destabilizes other governments around the world as well. The biggest debt holder of the US is now the Federal Reserve. Who is the Federal Reserve? Who is on the board of the Federal Reserve? Who are the stakeholders of the Federal Reserve? They only give us one Jewish mouthpiece aka the chair and that's that.


Entitlement programs and social services spending are multiple times greater than handouts to corporations and foreign governments combined.
 
Props: Mixerr
May 7, 2013
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#6
Entitlement programs and social services spending are multiple times greater than handouts to corporations and foreign governments combined.
Where does the money from the entitlement programs eventually end up? Corporations, foreign governments, debt holders, etc.

Corporations continue to reach new record profits. More entitlements for certain income levels means more consumers, more consumers mean more money for the corporations. Job growth is limited to certain sectors as the global push moves formerly common lines of work elsewhere. The corporations hire more part time or contract labor eliminating the corporation's need to supply benefits, lowering wages, while still growing their profit margins and consumer bases.



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Interesting philosophy that plays into real life:
"Pawns are very important fighting units. While having limited mobility and being the least valuable piece, a pawn has a large potential and, together with other pawns, defines the course of the game. Pawns form the landscape of the battleground, and can be either weak or strong.
 
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ThaG

Sicc OG
Jun 30, 2005
9,597
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#7
Entitlement programs and social services spending are multiple times greater than handouts to corporations and foreign governments combined.
Really? Most of that big jump in the debt after 2003 is due to a combination of historically low tax levels, multitrillion wars (guess who profited from that) and mutitrillion handouts to the banks after the 2008 crash.

Not to mention that the reason health care costs are so high is that you have a profit-based health care system at all levels - hospitals, doctors, drug and medical device manufacturers, insurance companies, everyone is in it to maximize profit.

Bring back taxes for the rich to what they were in the 1960s (and remove the Social Security cap), let the banks go bankrupt, stop the wars and cut the Pentagon budget, institute a single-payer health care system and in addition to that, nationalize the hospitals and the drug companies and run them as non-profits and most of the deficit will disappear.
 
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ThaG

Sicc OG
Jun 30, 2005
9,597
1,687
113
#8
The problem is that the rate of expenditure has reached an irrecoverably unsustainable level and we are quickly approaching a period of extreme social unrest, which as you have pointed out in the past, could lead to the end of our species as wars over resources are fought and WMDs fall into the "wrong" hands.
When I say the size of the debts is itself not an issue because nobody has any intention to repay them, that's meant to be understood literally. It does not mean there are no other problems, it means that the debt is a superficial one to fixate on.

As long as people can put some food on the table, the situation will remain under control. When that becomes biophysically impossible is when the real problems we have to worry about will start.
 
Nov 24, 2003
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#9
When I say the size of the debts is itself not an issue because nobody has any intention to repay them, that's meant to be understood literally. It does not mean there are no other problems, it means that the debt is a superficial one to fixate on.
That is just a silly statement. The source of many things when viewed in isolation are superficial. Does that mean we don't consider the consequences? Of course not.

Maybe you should go to Greece and try to explain to them why the size of their debt is a superficial one to fixate on.

As long as people can put some food on the table, the situation will remain under control. When that becomes biophysically impossible is when the real problems we have to worry about will start.
You basically just restated exactly what I wrote in my last post.

The size of the debt has increased the to point where extreme fiscal deterioration is inevitable. When that occurs, people will have a hard time putting food on the table, as is the current situation for the majority of people on this planet (as we have already exceeded the levels of what our planet can "biophysically" produce"

There is a direct relationship between the size of the national debt and the general populations ability to "put some food on the table". We are all going to experience that very personally within the next few decades.
 
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Nov 24, 2003
6,307
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#10
Really? Most of that big jump in the debt after 2003 is due to a combination of historically low tax levels, multitrillion wars (guess who profited from that) and mutitrillion handouts to the banks after the 2008 crash.

Not to mention that the reason health care costs are so high is that you have a profit-based health care system at all levels - hospitals, doctors, drug and medical device manufacturers, insurance companies, everyone is in it to maximize profit.

Bring back taxes for the rich to what they were in the 1960s (and remove the Social Security cap), let the banks go bankrupt, stop the wars and cut the Pentagon budget, institute a single-payer health care system and in addition to that, nationalize the hospitals and the drug companies and run them as non-profits and most of the deficit will disappear.

Yeah really. This is simple math.

Historical Tables | The White House

By my calculations the US spent spent 55% on entitlement programs, and some calculations (The Heritage Foundation) have shown it to be as high 62%.

For comparison, the US only spent 18% on military, which while still too high, is significantly lower than historical levels, which were as high as almost 50% in the 1960s.

The sad part about that entitlement spending is due the system of accounting used by the US government, that percentage only includes actual dollars spent and gives no consideration to future obligations.
 
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Props: Mixerr
May 7, 2013
13,346
16,241
113
33°
www.hoescantstopme.biz
#11
Yeah really. This is simple math.

Historical Tables | The White House

By my calculations the US spent spent 55% on entitlement programs, and some calculations (The Heritage Foundation) have shown it to be as high 62%.

For comparison, the US only spent 18% on military, which while still too high, is significantly lower than historical levels, which were as high as almost 50% in the 1960s.

Your calculations are way off and the heritage foundation? Cmon breh


Food stamp cuts kick in as Congress debates more
Food stamp benefits will decline Friday for 47 million Americans who receive the federal benefits. Families of four will now get $36 less per month.


"Charities cannot fill the gap for the cuts being proposed to SNAP," said Maura Daly of Feeding America, a network of the nation's food banks. "We are very concerned about the impact on the charitable system."



Welfare is not shit compared to the budget spending in place!
 
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Props: Mixerr
May 7, 2013
13,346
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113
33°
www.hoescantstopme.biz
#17
Mr. Nice Guy @Mr. Nice Guy please explain what entitlements need to be cut then. The lack of growth in jobs has caused the growth of entitlements. The government has to do something to pacify the masses, which they have done.

529 or Coverdell Home Mortgage Interest Deduction
Home or Lifetime Learning Tax Credit
Student Loans
Child and Dependent Care Tax Credit
Earned Income Tax Credit
Retirement & Survivors
Pell Grants
Unemployment Insurance
Veterens Benefits
GI Bill
Medicare
Head Start
SSI Disability
SSI Supplemental Income
Medicaid
Welfare/Public Assistance
Subsidized Housing
Food Stamps