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LiberalFighter

(50,767 posts)
12. The budget for the govt is more complex than one for a family
Thu Feb 28, 2013, 04:20 PM
Feb 2013

especially if the family is only one or two that are retired and have their house paid off and don't use the car as much as when they were working.

If you own a home that would be a major expense that usually is more than your annual wages. Along with a car and other possible long term expenses that were through a loan. If you go by what others complaining about not budgeting properly they forget that they too generally have major items that were not paid in full at time of purchase.

When the voters 'elected' Bush in 2000 they elected a fool that did not bother paying attention to the daily briefings warning of possible terrorist attacks. Which might have averted 9/11. They intentionally intended from day 1 to invade Iraq because Clown Bush wanted revenge for his Poppy Bush. They made up evidence that there were WMD in Iraq to justify a war. Because of 9/11 they reduce taxes to encourage sales. All of that increases the deficit which the American people went along with. As long as people get upset about their taxes being raised (back to pre 2001 levels) it will be difficult to balance the budget. Unless the rich are tax at a higher level and the defense budget reduced to more appropriate levels.

According to Maddow and Ezra Klein, Suich Feb 2013 #1
Of course they can alcibiades_mystery Feb 2013 #2
I wonder if I'm the only one here who thinks that spending needs to be cut WhoWoodaKnew Feb 2013 #3
"But maybe I'm just stupid." Botany Feb 2013 #4
Are you saying that a better approach is to spend more than is available? WhoWoodaKnew Feb 2013 #5
This message was self-deleted by its author ThomThom Mar 2013 #20
I'm over 50 and I've never lived a day that our debt has decreased. That doesn't bother you? WhoWoodaKnew Mar 2013 #21
This message was self-deleted by its author ThomThom Mar 2013 #22
I stopped reading when you said it wasn't true. It is true. There has not been a day... WhoWoodaKnew Mar 2013 #23
This message was self-deleted by its author ThomThom Mar 2013 #24
It's a feature of any and all empires in world history - debt in itself is not bad. Democracyinkind Mar 2013 #26
There seems to be plenty available for the Pentagon no? lunatica Mar 2013 #25
Personal finances and national finances are utterly different beasts jeff47 Feb 2013 #6
I don't have any problem with countries going in the red when they need to. WhoWoodaKnew Feb 2013 #8
Good thing we haven't then. jeff47 Feb 2013 #9
I said debt. You said deficit. Do you know the difference? WhoWoodaKnew Feb 2013 #10
Yes. Do you not understand that one leads to the other? (nt) jeff47 Feb 2013 #11
Of course. Do you now understand that I said that our debt has not decreased... WhoWoodaKnew Feb 2013 #14
Until eternity jeff47 Feb 2013 #15
Well, you have pointed out the positives of adding to our debt for 40+ years... WhoWoodaKnew Feb 2013 #16
Theoretically, higher interest rates jeff47 Mar 2013 #18
Well, we've had a pretty steady amount of increasing TOTAL debt since the 80s WhoWoodaKnew Mar 2013 #19
How about donco Mar 2013 #27
And now you're back to 2 replies ago. jeff47 Mar 2013 #28
Companies often borrow so they have enough capital to create products. Kablooie Feb 2013 #7
I believe lots of farmers do that. LiberalFighter Feb 2013 #13
The budget for the govt is more complex than one for a family LiberalFighter Feb 2013 #12
the poorer end of the population gets cut whilst the rich don't Rosa Luxemburg Feb 2013 #17
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