Who do you think is going to have to pay that off? Did you know we are in debt to China, Japan and South Korea for that debt? Did you know they can cash in at anytime and own this country on a whim? Did you know that is why all of the American jobs are being sent overseas? And you say tax breaks!!
2006-10-13 04:25:47 · 15 answers · asked by Gettin_by 3 in Politics & Government ➔ Politics
"A few hundred trillion dollars"? Oh please.
Why didn't you just say jillions of zillions of dollars. It would have made as much sense? (It is closer to 10 trillion.)
Tax cuts work because it increases investment (the record DJIA you've been hearing about). That leads to interest income, which is taxed.
The old school of parking your money on a stock is dead, now you buy and sell them with some frequency. That means more profit, that means more taxes.
The last two fiscal years have seen the highest tax revenues coming into the treasury EVER! The tax cuts work because supply side economics was a theory tested with Reagan and proven to be a success. It is working again now.
The Reagan economy tanked when the Democratic House and Senate forced Bush Sr to impose the tax increase he was against. That tax increase DECREASED the amount of revenue coming into the government and caused the market to stall.
2006-10-13 04:40:52 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Any surprise that "realist" isn't dealing with reality? I don't know anyone on Yahoo answers who's as stuck on stupid as this retard is. But you can't expect everyone to have an IQ higher than their shoe size.
For your information, the deficit has been halved in the last few years.
Countries who we are in debt to won't cash it in because they make much more money getting interest off the money. You obviously don't have even a first grade knowledge of economics, so you spout garbage hoping someone equally as idiotic as you will believe you.
The jobs are going overseas for reasons you don't understand. One of them is our high tax rates which force companies to move overseas to compete. The unions leaders are ripping off the workers, so unions, which were once useful are now draining the economy here and forcing jobs overseas.
The tax breaks to the American people have proven again that they help the economy. Our recent prosperity is evidence. The deficit is down, the economy is up thanks to tax breaks for all.
It's no surprise, it works every time. Tax breaks improve the economy, tax increases like the one in 1996 cause recessions and put people out of work.
You have the freedom to be an idiot, and we have the freedom to point it out. Be thankful we'll fight for your right to be stupid.
2006-10-15 16:18:13 · answer #2 · answered by Anonymous 7 · 0⤊ 0⤋
A few hundred *trillion*? That's laughably a fictitiously high number. You people have issues with dealing with facts and truth?
Now, yes, because we run trade deficits, other countries own significant amounts of $$. Also, a number of them buy up the US budget deficit debt. But they won't cash in. Why? Because it would cause a serious deflation of the value of their holdings, and would destroy their own banking basis, cripple their export businesses, and bring about a worldwide depression.
So, because they need to keep up the value of their $$ holdings, they are leery of doing any stupid and rash thing that would cause such harm to their own economies. Actually, because of this, they are much more at our command than the reverse. Your failure to understand this shows the typical liberal lack of knowledge about economics.
And this has nothing to do with 'American jobs' being sent overseas. That is a completely different effect of a global marketplace.
As for 'tax breaks', I am not sure what you're talking about. Do you mean corporate tax breaks, income tax breaks or what? Or is your rant just a shallow repeat of Democrat talking points?
2006-10-13 04:43:28 · answer #3 · answered by Anonymous · 1⤊ 0⤋
The DEBT has larger it quite is actual. particularly because of reaction to the economic cave in. Stimulus, bailouts, and so on. to no longer point out the 1st 300 and sixty 5 days of the fee variety being set via the previous president. yet Obama has genuinely decrease the fee variety DEFICIT via a lot throughout his first 4 years, and could proceed to realize this interior the subsequent 4. optimistically we could have a surplus lower back whilst he leaves workplace like Clinton did. You needless to say do no longer understand the version between our nationwide DEBT and the fee variety DEFICIT. Do your self a want and instruct your self on it.
2016-10-19 08:04:03 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Well, your numbers are off, but you have the idea!
And BTW
Unions did not have anything to do with it,
it was the good republican business owners
all unions want is a living wage- that means more than minimum for the less astute conservatives here!
2006-10-13 04:28:57 · answer #5 · answered by Anarchy99 7 · 0⤊ 1⤋
The only way to pay off the debt is to cancell it---of course that would start WWIII.
2006-10-13 04:30:02 · answer #6 · answered by Preacher 6 · 0⤊ 0⤋
where do you see it being a few hundred trillion? give a link. provide some proof. the whole worlds economies together arent even that large. stupid liberals.
2006-10-13 04:29:36 · answer #7 · answered by kunta kinte 2 · 0⤊ 0⤋
you bumped your head! the debt is 9 trillion and we are owed 140 trillion dollars!
2006-10-13 04:32:42 · answer #8 · answered by Anonymous · 1⤊ 0⤋
If a deficit is in debt, wouldn't that make it a surplus?
2006-10-13 04:29:11 · answer #9 · answered by El Pistolero Negra 5 · 0⤊ 0⤋
What about it? BUsh got us deeper into the hole with the war in Iraq, but he is not to worry! His presidential pension and stockholdings in oil companies should give him a good afterlife
2006-10-13 04:31:17 · answer #10 · answered by Anonymous · 0⤊ 1⤋