And why Illustrious Answerers, is the Debt so big?

Question

The government is borrowing to help subsidize your paycheck.

Welfare? Subsidies? I don't care what you call it.

Gives you a nice warm fuzzy feeling in your wallet doesn't it..............Oops, one more thing, you pay the interest on it too!

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babyrawl, the check you get comes from even larger scale use of goverment services. I'll doa breakdown of that tomorrow. I'm going to bed.

Basically my pint is that we live in a symbiotic relationship with the government. Making it smaller and more efficient is good, but what if it could do more for you? Help you put more dollars in your pocket? Tune in again manana en la noite.

Answer 1

The interest actually is a polite term to justify usury and the trend shows no decline in US foreign debt. It's a big hole that will swallow the whole nation and all national wealth in a while. Keeping people in debt is a new form of slavery invented to keep everyone under control.

Answer 2

The government does not subsidize my paycheck. On the contrary. I do subsidize their mismanagement. Regretfully so ...

The debt is so big because the Bush junta decided instead of paying back the national debt, to give tax cuts that benefit the super-rich. The income tax was cut, but not the payroll tax. In this way the poorer people, those who do not derive their income from gains at the stock market are being left holding the bag.

Answer 3

The government is like a very profitable business, the only deficits to this are the cost of doing business!
In the case of the US, the money paid to Haliburton, and corporate welfare are these costs that are driving the deficit
welfare going to people does not drive it because the money is spent domestically, and therefore increases the GDP.
so you tell me why your legislator feels the need to line his pockets!

Answer 4

The government can't put $ in your pocket without taking it from someone Else's.

The debt is large because of Fema expenditures and the Iraq war and continuing efforts to stem the ability of terrorists to attack us.Those are the governments duties.If you want to cut the debt you will have to hire accountants to investigate every Federally funded program and start trimming excess spending and outright fraud.

Answer 5

It is only money - and our is just paper

So most of the debt is owed to people overseas - we best thing we could is declare bankruptcy and start over at "0"

a lot of well known countries have done it and gotten away with it

So why should we worry about - those overseas should worry about it

Answer 6

for a very simplistic but brilliant analysis of money, read the following children's story.

http://www.relfe.com/plus_5_.html

then look up "fractional reserve banking" "fiat currency" and "usury"

The west's banks are all using this system and it is a HUGE fraud without a doubt it is the worlds biggest fraud. It is a far bigger fraud than the unratified income tax. It is a bigger fraud than ANY government program.

and this fraud is the reason that taxes continue to rise and national and personal debts are getting bigger.

Answer 7

i don't see any subsidies in my paycheck, but the reason the debt is so big is because of our president. he has single handedly racked up more debt than every other president combined.

Answer 8

I work for a corporation; we generate revenues that pay my salary.

Answer 9

http://www.mises.org/