Can you imagine a debate between trump and Franken?
Can you imagine a debate between trump and Franken?
An idiotic idea just like that of the debt ceiling. All it does is tie the hands of people who are trying to solve our problems and keep our economy running smoothly. If you want the budget balanced vote for someone who swears that they will in fact do that, but don't tie the hands of legislators to some arbitrary nonsense.
Anybody who would argue for this garbage clearly has no concept of reality when it comes to how government spending works. Sadly there are way to many undeducated bafoons out there that seem to think a federal budget is just like their family budget. They are so anstronomically different it is insane, and to try and manage them the same is delusionally stupid.
First, the interest rates the federal government pays are incredibly low. Just like a Bank the debt we take on is usually turned around and invested in such a way that we actually make more money than we end up paying in interest. The United States would usually be losing money if it didn't run at least a little bit into the red. At the very least though we're almost certainly not screwing ourselves over by borrowing a little bit of money every year.
Secondly, if for any reason we found ourselves in a situation where we really really had to pay our collectors off, and we didn't have the money laying around we're in no real danger of defaulting because we can always just print the money. Not saying that we should do that a lot, but we can any time we need to, and in many instances it actually would make sense if we did it a little bit more than we currently do.
Actually, my friend, it appears that you are blind to the sentiments of the American people. It is the voters that have given the Republicans over a thousand elected positions in state and federal government since 2009. There is no possibility of the Democrats getting the Senate in 2018 and almost none of them getting the House.
You may well be right.
The re-Awakening of America is going to take some time. But, the gruesome unfairness of its market-economy will catch up to it. And the re-awakening will be more rude the longer it takes for that to happen.
You are underestimating the length-and-breadth of the Income Disparity. Because you are fixated on the growth of Wealth. But, that advantages only 20% of the population, whilst the other 80% must simply do with the everyday status-quo.
You (plural) are worshiping the wrong gods ....
Why is there income disparity? See, I think that it is because those who are successful keep making the decisions that made them successful, while those who are barely scraping by... They are making the same type of decisions that led to their low incomes in the first place.
An idiotic idea just like that of the debt ceiling. All it does is tie the hands of people who are trying to solve our problems and keep our economy running smoothly. If you want the budget balanced vote for someone who swears that they will in fact do that, but don't tie the hands of legislators to some arbitrary nonsense.
You've bought the hogwash that "if you try hard enough, you can make it". That aint necessarily so. (Tell that to any black person you know.)
My best friend is a black man who was born in a coal mining town in West Virginia. His entire family worked in the coal mines. He managed to work his butt off and get a scholarship to get through university before becoming an officer in the US Army. He retired as a full bird colonel about a decade ago. Left the service, went on to get his doctorate degree. He's not the only one. I have met many people who grew up poor, in the trailer parks or projects that became successful.
Nice story.
I am concerned, however, for all those blacks (and all colours) who did not succeed as well because they did not have a scholarship. They are in the millions.
I live in France. I paid 800€ ($850) for tuition per year because the French government subsidizes ALL post-secondary schooling. All my kids have a 4-year degree. Two have master's degrees for which they paid out of their own pocket, the tuition being the same.
That is what we should have in the US for any child who seeks a Tertiary-level Education (vocational, 2- or 4- or 6-year). And, frankly, we can for about half the DoD-budget going for scholarships instead ...
In that manner, many more will find jobs and live meaningful lives.
As it stands today, only 45% of our kids are getting through to a Post-secondary degree - and on average for those that do, they have a $35K debt to repay. Of the 55% who don't, around 15% will liver permanently below the Poverty Threshold. And 40% will be lucky to be earning the median salary of $54K a year.
We can do better (by subsidizing Tertiary Schooling just like we subsidize Primary/Secondary schooling), but we don't seem to want to do so ...
France, what a shining example. Let's talk about austerity. Tell me, does have of those earning income not pay federal income tax? Tell us about your 20% sales tax on most items sold. That education is paid for...
We don't have a problem with "taxation" per se in Europe. It provides the benefits that people expect a state to furnish them. Namely, both a National Healthcare System and Tertiary Education that are very, very low cost (compared to the US).
The Sales-Tax is a far better more effective manner for any government to collect funds. It is more efficient than the Income-Tax.
The US should adopt it and relieve the states from collecting a sales-tax, all the while sharing the revenue obtained within the state in which it is obtained. It would be cheaper and reduce the "inter-state" competition as regard sales-taxes.
Most EU-countries have both, but! That is, the Income Tax is far less a part of the total tax-intake of any nation in the EU. More breadth is given to income-earners, especially those with growing children.
And Europe is different in another aspect. We taxpayers here do not have the national DoD hanging around our necks eating up 54% of national budgets (in a time of relative peace!)
The US has collectively a mad-fascination with anything that goes "bang". Lotsa luck with that one, in a country with an overwhelming guns-guns-guns mentality.
Las Vegas is only a beginning. The crazies are about to have a field day. Only sixty dead?
Watch the mad-rush to "beat that number" ...
We had a proposal called the Fair Tax which his a national sales tax. The bed wetting liberals claim that it is a terrible thing. They claim it is regressive and harms the poor unfairly but you are extolling its virtues as a better way to collect taxes. I actually agree with you.
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