Originally posted by StarValleyWyWe are going bankrupt, a forth of the population has no health insurance,the value of the dollar is zilch, we are in debt to China, we hardly manufacture any thing, foreclosures are the worst since the depression, our military is stretched thin, we import Dr.s and other scientists from India,GM, Ford, and Chrysler are losing money like crazy,New Orleans is still in disrepair, we are falling behind in stem cell research, we have more citizens in jail than any other country, more murders , etc. Yes, we have a very strong country. Naturally, you probably think debt is a sign of strength, because we have more debt, both nationally and personally than any other country in the world.
I have a strong country. Where are you from?
Originally posted by whodeyHere's a graph of the US national debt as a function of GDP:
I saw a very interesting graph once. It showed the US national debt on one side and on the other side the beginning of the federal income tax. Amazingly, both graphs seemed to run parallel in there ascent upwards.
I think you will find that it matters little how much money you make, rather, it has everything to do with how you manage your money. For som ...[text shortened]... needs reform and better checks and balances. Throwing money around has gotten us no where.
http://zfacts.com/p/318.html
President Clinton was very close to achieving a budget surplus in terms of the absolute value of the national debt (i.e. before considering it as a function of GDP). If he'd had a third term, no doubt he'd have been able to start decreasing the national debt each year. (No, I'm absolutely not arguing for presidents to be able to have more than two terms.)
Take a look at that red line starting with Reagan's presidency, and imagine how big the national debt would be if another Reagan/Bush type neoconservative had been president from 1993-2000.
Originally posted by karnachzexcellent, certainly makes thepoint!
Here's a graph of the US national debt as a function of GDP:
http://zfacts.com/p/318.html
President Clinton was very close to achieving a budget surplus in terms of the absolute value of the national debt (i.e. before considering it as a function of GDP). If he'd had a third term, no doubt he'd have been able to start decreasing the national debt ea ...[text shortened]... ebt would be if another Reagan/Bush type neoconservative had been president from 1993-2000.
Originally posted by 667joeLet me guess. You are sixteen and never held a job. Right?
We are going bankrupt, a forth of the population has no health insurance,the value of the dollar is zilch, we are in debt to China, we hardly manufacture any thing, foreclosures are the worst since the depression, our military is stretched thin, we import Dr.s and other scientists from India,GM, Ford, and Chrysler are losing money like crazy,New Orleans ...[text shortened]... , because we have more debt, both nationally and personally than any other country in the world.
Originally posted by 667joeLower and Middle class don't pay taxes. they get it all back including EIC if they have children.
All patriots, by definition, want a strong country, yet a country can't be strong if it is mired in debt. This country could get out of debt if the very wealthy paid the same tax rate as the middle and lower classes.Some one who makes a million dollars per year pays social security at a rate only one tenth that of some one who makes one hundred thousand a ...[text shortened]... o go up to at least the same rates the rest of us pay. This is a simple matter of patriotism!
Originally posted by 667joeThen donate all of your money to Uncle Sam when you die. I plan on giving it to my children instead of a bunch of political hacks who will spend it on some welfare programs that haven't done anything in the 40 years of their existence.
No I am 62, retired and very well off thank you very much.
Originally posted by slimjimThere should be an estate tax.Bill Gates and Warren Buffet agree.
Then donate all of your money to Uncle Sam when you die. I plan on giving it to my children instead of a bunch of political hacks who will spend it on some welfare programs that haven't done anything in the 40 years of their existence.
