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taught_me_patience

(5,477 posts)

28. Big myth. Actually you can

Tue Nov 27, 2012, 06:00 PM

Nov 2012

Governments run in perpetuity, so the debt never really has to be paid off... it just gets refinanced over and over again. As long as the debt is not growing faster than the rate of the economy, deficits can last forever.

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I am of the opinion that we should tear it down and start all over... [View all] kentuck Nov 2012 OP

You're probably right, except it is something that would be best done in 2014 Not Me Nov 2012 #1

Yup. We are being propagandized to be grateful for crumbs, woo me with science Nov 2012 #2

They don't even hide it anymore.. SomethingFishy Nov 2012 #33

The only problem is it would be the rich people who wrote the new rules. nt Speck Tater Nov 2012 #3

Including the ones in congress bighart Nov 2012 #45

I can support that, but I'm NOT a Fair Tax -er. I like something like a VAT, since it addresses the patrice Nov 2012 #4

VAT is Hella Regressive AndyTiedye Nov 2012 #37

IMO it's not the tax system, although it needs revision, but the spending system that needs overhaul jody Nov 2012 #5

Big myth. Actually you can taught_me_patience Nov 2012 #28

You forgot the growing interest paid on that debt which was $359,796,008,919.49 in 2012. Those jody Nov 2012 #35

Except 30% of the interest is paid to the government itself, the majority to Social Security. Sirveri Nov 2012 #39

Debt is a nightmare since interest and principal can only be paid from taxes at the expense of jody Nov 2012 #41

Not me ... 1StrongBlackMan Nov 2012 #6

I think Obama's pledge about the $250K limit on taxation should go the same way as Grover Norquist kentuck Nov 2012 #7

Giving up a Strategic ... 1StrongBlackMan Nov 2012 #14

Taxcuts for 98%? Why not taxcuts for everyone? kentuck Nov 2012 #15

So, you're a Libertarian, pardon me, on edit: make that "Libertarian". nt patrice Nov 2012 #19

I guess I really needed this? kentuck Nov 2012 #20

LOL. Keep the Gubermint out of my medicare! Freedumb! FSogol Nov 2012 #24

Well, actually, I am part Libertarian myself. Just trying to be honest about what that means & patrice Nov 2012 #25

Which part? demwing Nov 2012 #38

Both. I have a passion for authentic Freedom & I know the most fulsome path to that is the patrice Nov 2012 #42

Are you a Fair Tax advocate? nt patrice Nov 2012 #17

I need to understand better what people who think "that we should tear it down and start patrice Nov 2012 #8

The truly needy that you are talking about do not pay income taxes. kentuck Nov 2012 #9

But they WILL be affected by fundamental changes that affect those who do. patrice Nov 2012 #16

And I am trying to understand what you are saying? kentuck Nov 2012 #18

One thing that happens to them is that they are undercut by people who assume that nothing patrice Nov 2012 #23

"no pain without gain" easy to say when it's others' pain. Tell us how a nearly complete and lengthy patrice Nov 2012 #26

There is a safety net ... kentuck Nov 2012 #29

What safety net without taxes? What do you think tearing the tax system down & patrice Nov 2012 #30

And your point is?? kentuck Nov 2012 #32

And "tearing it all down" isn't panic??? wow. Project much? Are you employed? Have an income? ... patrice Nov 2012 #43

So, you're a Fair Tax -er, right? You'd have to "tear it all down & start over" to get that. nt patrice Nov 2012 #31

Isn't the concern ... 1StrongBlackMan Nov 2012 #36

It all depends upon what we get out of the deal. I'm prepared to BUY the RIGHT kind of change . . . patrice Nov 2012 #47

A basic standard of living and the right to that needs to be established libtodeath Nov 2012 #10

The Democratic Party used to uphold this value. woo me with science Nov 2012 #11

FDRs economic bill of rights should be the core of the Democratic party platform. libtodeath Nov 2012 #13

With the understanding... kentuck Nov 2012 #12

While you are preparing that right, please prepare the right of the state to demand certain things jody Nov 2012 #21

No more than 5 pages long and I'm on board former-republican Nov 2012 #22

Why stop there? NoOneMan Nov 2012 #27

It all stops making sense when they cross the beltway. They need to move the meetings on this to Ford_Prefect Nov 2012 #34

Not going to work. IDoMath Nov 2012 #40

+! patrice Nov 2012 #44

Also make sure AMT is not involved. Panasonic Nov 2012 #46