It's called economics, idiot - something you have absolutely no clue about, unless you consider comments like "I listen to smart people, you guys are incredibly dumb!" and outdated redundant charts to be "facts, logic and math." face)(*^%
"The US is not Weimar!"
The US is not Greece!"
What degree do you have again?
Now you're just going to piss him off.
you are good at insults I will give you that. Insults don't make you right. I can do that also but what's the point? You haven't explained why you are right. You think you have but you haven't. Saying that in 1937 the debt was 40 billion and that's that. (I showed you that equates to 1 trillion back then. Yes that's not an opinion.) Saying 17 trillion is a good thing today and that's that. Blame republicans for the mess obama is creating and that's that. 100 trillion is ok and that's that. Government have unlimited money and that's that. WTF?
You haven't showed me any data showing how wasteful spending is a good thing. You can't because it doesn't exist. It just doesn't. I don't have to post any data proving that, it's just common sense. Just like I don't have to jump of the roof of a 10 story building to know it will hurt like hell. Common sense.
Ak, you have been sold a bill of goods based on lies by people who will say and do anything to make the numbers appear how they want. They want people to repeat them. After all, if enough people repeat something over and over, it must be true. Right?
This place turns into a circus carnival the second fratclown logs on:
"Actually, my response to why we shouldn't tax and just spend unlimited amounts of money was because of inflation. You guys are just really dumb. Never have I said spending unlimited amounts of money is a good thing, I simply said we have an unlimited amount of money to spend and if we wanted to, theoretically we wouldn't have to tax a single dollar and could still spend as much as we wanted."
face)(*^%
"Actually, my response to why we shouldn't tax and just spend unlimited amounts of money was because of inflation. You guys are just really dumb. Never have I said spending unlimited amounts of money is a good thing, I simply said we have an unlimited amount of money to spend and if we wanted to, theoretically we wouldn't have to tax a single dollar and could still spend as much as we wanted."
face)(*^%
All of those I can explain easily. My point with the 1937 example went right over your head. It wasn't meant to compare the two time periods, it was meant to show you that people made this same argument before and they were wrong about $40 billion being too much. So I'm wondering what makes you right about $17 trillion? Is it just because it's a big number?
And yes, the government has unlimited money. That should be obvious.
Because "wasteful spending" is based on opinion. There is no "wasteful spending" data, lol. Facts don't lie, only people like you do.
what mathimatical metric are you using that says in ok? Life isn't a free ride AK despite what Obama will have you believe. Ya its a big number. There has been no rebuilding of infrustructure from that 17 trillion. Its wasted money. Your money. Your children's money.
The point about the 40 billion back in 1937 which you purposely ignored was that would have equated to 1 trillion back then. 40 billion .... 1 trillion. Big difference. I owe you $40 or I owe you $1000. Big difference again. Again, for the record, I never claimed government shouldn't go into debt for certain things. Too much debt is always bad and when you get nothing from that debt, its much worse.
You don't need a degree or be an economist to know this, even though many do.
Yep.
Been there, done that, got the t-shirt.
"1920s were another example of just how awesome life is after the government greatly expands the money supply." @)
Reality:
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"From 1921 to 1929 the US money supply increased by 61 percent. In Europe the fast money supply was exacerbated by the massive German compensations for war damages. English repayment of war loans inflated the US money supply even further. As a consequence inflationary pressures increasingly built up in Europe as well as in the U.S."
"Between 1928 and 1929, the easy access to cheap credit caused reckless speculation on stock markets and on assets in general. Prices gradually inflated to an unsustainable asset bubble. In the 30 months from March 1926 to September 1929 the Dow Jones rose 230% from 166 to 381. A correction had become inevitable, but turned into a severe crash due to [SIZE=-1]calamitous government intervention."
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That was a common theory for a while. But since Japan has proven many economists wrong with this theory, there is a lot of economists that are starting to drift away to whether this is a problem or not. Even Ben Bernanke said they have no clue what is a "bad" debt to GDP ratio, if there even is one.
Like I said, your definition of "wasted" is pure conjecture. I need real math, not your opinion.
You are missing the point completely, those in 1937 did not know the debt in 2014 would be $17 trillion. If you told them that they probably would have rioted because it's "such a big scary number". The point was not to compare the two periods, it's to get you to question whether or not $17 trillion is actually "too big of a number". In 1937 people like you could not be talked out of it. They were so confident that $40 billion was such a problem that they decided to cut government spending by 20%. One of the largest non-post war cuts in US history. That cut lasted less than a year because it sent the economy right back in to a depression.
The math is not on your side. Everything you just said here is silly if that's what you consider facts that $17 trillion is too much debt.
Throughout history, every time governments did what fratclown advocates it ended in disaster - every single time.
The great Nobel Prize-winning economist Milton Friedman summed up best when he said, "there's no such thing as a free lunch"
These gullible brainwashed 'Millennials" who think like a fratclown and keep voting in radical socialist clowns like Obama and Hillary are a train wreck. If they keep winning elections, the US is going to make Weimar look like a picnic.
The great Nobel Prize-winning economist Milton Friedman summed up best when he said, "there's no such thing as a free lunch"
These gullible brainwashed 'Millennials" who think like a fratclown and keep voting in radical socialist clowns like Obama and Hillary are a train wreck. If they keep winning elections, the US is going to make Weimar look like a picnic.
