28 Mar '14 17:48>
Originally posted by AThousandYoungIt can be.
I guess you think borrowing money for education is irresponsible.
Originally posted by Zahlanzi"Shaped culture " Fattest nation on this planet munching hotdogs , burgers
i happened to agree actually. the us used to be the greatest country.
it helped win 2 horrific wars, ending them much sooner.
it helped europe rebuild after the second.
it stood up to the ussr (no matter who you preferred in the cold war conflict, it still provided opposition, a different ideology).
it shaped culture
Originally posted by ZahlanziI think Denmark is the greatest country in the world. 🙂
I hate threads that just give youtubes. i apologize for starting one.
Following is a scene from the show Newsroom, which i never watched but i am planing to because of this particular scene. it is a summary of what is believed to be wrong with it.
The conclusion is "America is not the greatest country in the world, but it used to be"
https://www.youtube.com/watch?v=ZPHSXUS0_1c
Originally posted by redbaronsThat is because their analysis of the reasons for this problem was so disastrously wrong.
the conservative party at the last election promised to cut public spending and reduce our borrowing they have done the opposite.
Originally posted by finneganObviously you aren't too bright our you are allowing your ideological beliefs blind you to the truth. The truth is that deficit will arise when you spend more money than you have. You can adjust your spending to your supply of money.
That is because their analysis of the reasons for this problem was so disastrously wrong.
A deficit (the ongoing negative balance between income and spending) may arise through increased spending or through reduced income.
.
Originally posted by EladarChina, has the money (US and UK debt), the military and the population to call itself the most powerful country on earth.
Obviously you aren't too bright our you are allowing your ideological beliefs blind you to the truth. The truth is that deficit will arise when you spend more money than you have. You can adjust your spending to your supply of money.
If your supply of money decreases, then your spending should decrease. If your supply of money increases, then you are free to increase spending. Spending without regard to supply is the problem.
Originally posted by EladarFair enough as far as you go. However, the trick is to reduce spending in a way that does not generate a greater reduction of income.
Obviously you aren't too bright our you are allowing your ideological beliefs blind you to the truth. The truth is that deficit will arise when you spend more money than you have. You can adjust your spending to your supply of money.
If your supply of money decreases, then your spending should decrease. If your supply of money increases, then you are free to increase spending. Spending without regard to supply is the problem.
Originally posted by finneganPumping money into the economy creates the dependency of both business and labor. It doesn't matter if you are a multibillion dollar corporation, or a 20k a year laborer, if you are borrowing to support your spending habits a fall is eventually in your future.
Fair enough as far as you go. However, the trick is to reduce spending in a way that does not generate a greater reduction of income.
Say you own a shop. Your income falls a bit so you buy in less stock so you have less to sell so your income falls again so your stock has to fall again so you have less to sell so you close the shop. Sometimes to make mo ...[text shortened]... ne's benefit. Taking money out of the economy is causing more of the problem and not solving it.
Originally posted by normbenignso in a nutshell the west is bankrupt
Pumping money into the economy creates the dependency of both business and labor. It doesn't matter if you are a multibillion dollar corporation, or a 20k a year laborer, if you are borrowing to support your spending habits a fall is eventually in your future.
Originally posted by normbenignYes well much depends on which part of the economy you pump your money into.
Pumping money into the economy creates the dependency of both business and labor. It doesn't matter if you are a multibillion dollar corporation, or a 20k a year laborer, if you are borrowing to support your spending habits a fall is eventually in your future.
Originally posted by redbaronsIn a nutshell, the west, and the east are bankrupt.
so in a nutshell the west is bankrupt