I mean gezz a country lives forever so why can't we live with debt forever? This debt has devalued the dollar, making it easier for other countries to buy our stuff and making it harder for us to buy others stuff, a good thing. It also gives those who hold or debt an incentive not to want to see us blown up, right? You libs shouldn't have been smokin bud or haveing abortions instead of going to economics. And also since the economy is growing, GDP going up, we can hold more debt. Is there one business in the world that doesn't hold debt? But i'm glad we all agree that congress has spent too much money, will the libs cut some of there programs to help the budget, I bet not. You're all hypocrites.
2007-10-11 08:21:00 · 11 answers · asked by Anonymous in Politics & Government ➔ Politics
FYI i don't like republicans either. They sux too.
2007-10-11 08:30:09 · update #1
Yeah andrew, if the country goes to under you and china will be the only ones who cares if we are going to pay off our debts.
2007-10-11 08:33:42 · update #2
Today our annual interest payment (on the debt) of more than 200 Billion eats up every dollar of income tax paid by everyone living west of the Mississippi River - This Interest Payment Buys us NOTHING !
we will need to run a budget Surpluses for many years in order to pay down the Nine Trillion dollar debt.
and - when the baby boomers start to retire and collect old age federal entitlements, the debt will explode - at that time a Huge amount of our taxes will go to nothing but interest !
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one thing about the way the deficit is computed -
the link you gave before is the amount that the Government borrows "from the public" each year - currently the government borrows substantially more each year than the reported annual deficit.
2007-10-11 11:13:16 · answer #1 · answered by Anonymous · 1⤊ 0⤋
You have touched on a liberal talking point so you are going to get a number of firey liberal repsonses. However, you did argue the point well.
You may also want to mention that one of the issues which have been holding us back from getting UN support for dismantling Iran and N Korea's nuclear weapons is that both of those countries owe Russia and China tons of money so Russia and China as permanent UN Security Council members will basically veto any sanction because it would mean they can't collect their money.
Also, Alexander Hamilton and the founding fathers purposely set up the country to have national debt so that other nations would have an interest in our success as a nation.
2007-10-11 08:33:33 · answer #2 · answered by Matt M 5 · 1⤊ 0⤋
You don't need a forum to carry on a discussion. You do it all by yourself. First you argue the national debt is not bad and they you say we can all agree that congress has spent too much money. If debt is not bad, then what difference does it make how much congress spends. Since you are adressing liberals, maybe you can argue with yourself about why the republicans could not control spending when then controlled both congress and the white house. I bet you can get a good debate going with yourself on that one.
2007-10-11 08:28:06 · answer #3 · answered by rec 3 · 3⤊ 0⤋
The national debt is bad because you are borrowing money that you do not have.
It devalues the dollar in foriegn markets.
It allows foriegn nations to own a piece of America.
Your Grandchildren's taxes will be paying for the money borrowed for the Iraq War.
2007-10-11 08:38:32 · answer #4 · answered by Anonymous · 2⤊ 0⤋
If everything is bought on credit, you don't actually produce anything, you don't actuall own anything, the people holding your debt do.
We might be able to survive, but we can't prosper and be the top dog in the world if we're owned by outside entities.
That's like daddy's teenage princess who gets her first credit cards, charges them to the max, and pretends she's doing well. It's great, but bills come due.
Also, history is full of nations that didn't live forever, so I'm not sure where you get that contention from in the first place.
2007-10-11 08:27:32 · answer #5 · answered by ? 7 · 3⤊ 0⤋
Debt bad, money good. Debt is owed to someone, perhaps the Chinese who have us over a barrel. A declining dollar might be an indication that we're borrowing more and other countries don't believe it can be paid back. Eventually they may not loan us any more and pooof, depression.
Bush = Hoover
2007-10-11 08:29:52 · answer #6 · answered by Zardoz 7 · 2⤊ 0⤋
National Debt is bad because we do not have enough money to go to the places where money is needed. Debt is not a good thing and neither is a lower value of our dollar. Debt is never a good thing.
2007-10-11 08:25:56 · answer #7 · answered by Lindsey G 5 · 3⤊ 2⤋
you really want to blow their lids, add the fact that surpluses are bad.... thats my favorite steam out of the ears from the "enlightened ones"
im still waiting for just one lib to admit there is only one company on the NYSE that uses 100% revenue financing. that is not a coincidence. yet it has to be ignored to even closely try to argue an invalid point they try to make.
2007-10-11 08:35:40 · answer #8 · answered by CaptainObvious 7 · 1⤊ 0⤋
Wow, the liberals are going to scorch you, but I must say, well said. The devaluing dollar is a good thing, making our products much cheaper on the international stage, and making their products much more expensive here. Means we are more competitive in pricing and that is good for our American workers and economy. Let's cut spending because it is the right thing to do, to allow our citizens the right to decide what they want to purchase and not the government.
2007-10-11 08:27:11 · answer #9 · answered by libsticker 7 · 2⤊ 3⤋
Congratulations ! You've won the "Most Uninformed Asker of the Day" award.
2007-10-11 08:25:02 · answer #10 · answered by Anonymous · 7⤊ 3⤋