Think most voters are worried about national debt?
- Thread starter TGregg
- Start date
Quote from Arnie:
We've had debt since about 1795. There have only been a few times when we haven't run a deficit. I posted what I did, not because I don't think it's a serious matter, but because historically debt has not had a negative effect. Why will this time be different? And, jftr, I do think this may end badly. But I don't think it will to the extent some people say. Think about it. If our currency stays strong, relative to others, the most likely outcome will be inflation. If you ask me, that's where the real outrage should be. The debt is just s symptom of a larger problem.
Oh, and thanks for the compliment
What "compliment"... I suggested you are a TOTAL FUCKING IDIOT... what with the "I don't think it's a serious matter"...
Egregious example of "stupid spew"... ON IGNORE!
Quote from hermit:
So who created this spiralling debt
What can we do to bring these irresponsible people to justice
Who? Voters. Voters have consistently said they want more government handouts and less taxes. They've said more debt is a small price to pay. Further, they vote that way even more strongly than they say it.
Some people will say our politicians are too blame. But that is not the case. Take two politicians from any party. One guy says he's going to give you more stuff and make somebody else pay for it. The other guy points out the obvious problems with that and says the best path forward is less spending and more taxes. The latter guy is toast. He's so obviously going to fail that nobody with enough game and money and connections and all the rest is even going to consider that obviously failed platform. Even if somebody came along and stuck to it, he wouldn't get all the support he'd need from the money/power brokers `cuz those guys are smart enough to know they'd just be wasting their resources.
What can we do? Maybe bring back some reality, some responsibility, some accountability. Screw up and you lose something. Do the right thing and be rewarded. Way back when, if you really screwed up during the spring, summer or fall, your winter was going to suck something awful. You might even starve to death. Back then, nobody had any problems understanding the benefits of sacrifice now for a better future. But we've created so many safety nets and so many handouts and worked so hard to protect people from the consequences of their actions that most cannot even consider the ramification of their actions.
Witness all the problems I started with. Drug abuse, obesity, dumb student loans, mortgages, spending every dime and not saving, ponzi schemes, the list is endless. Did some of this happen before? Sure. But people learned their lesson from watching others - and if they didn't they got more chances on their own.
But responsibility and accountability and planning for the future and all the rest of that grown-up adult stuff is out of fashion. Nobody wants it.
I usually give posters a few shots at dumb-assedness... unless they say something REALLY STUPID.. as an indication they don't have a clue... and that reading anything they say in the future is likely to be bilge and a waste of time... Perhaps I was hasty, perhaps not.
Not really. There was a brief spike at the conclusion of WWll-when war dominated GDP plummeted along with the cost of conflict rising-but even in that brief snapshot, debt to GDP was only marginally higher than now. Another year or two of trillion dollar deficits, without a corresponding bump in production, will put us right back into that 120% zone. Not to mention there was a massive wallop of inflation in the late 40's-early 50's.