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  1. #14
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    Quote Originally Posted by cool-in-cayman View Post
    Government debt and personal debt is not the same thing. The government does things like borrow money from the social security fund which is paid for by tax-payers.
    When you borrow from the bank to pay for a car, you don't then have the bank make the payments for you.

    Our politicians have screwed us royally.
    They've been borrowing from SS since 1976, why has it taken you so long to know this?

  2. #15
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    Quote Originally Posted by acmanko View Post
    They've been borrowing from SS since 1976, why has it taken you so long to know this?
    What are you talking about? When exactly do you think I became aware of this and where are you getting your infomation?

  3. #16
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    I get my info from being alive in 1976 and paying attention to politics, i really have no idea about when you learned it but you just now seem to be complaining about it.

  4. #17
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    Quote Originally Posted by acmanko View Post
    http://en.wikipedia.org/wiki/Panic_of_1907

    The fed might not be perfect, but do we really want what preceded it again.
    So its ok with you that a bunch of wealthy bankers got together in secret at Jeckyl Island to see if they can steal our money.

    Ace I dont reply to you very often cause I know your a diehard social/communist, you will deny it, but as someone who has lived under such opressive regimes, I know better.

    Read my signature....

    Roy
    "The perfect Totalitarian State is one where the political bosses, and their army of managers, control a population of slaves, who do not have to be coerced, because they love their servitude"

  5. #18
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    Quote Originally Posted by acmanko View Post
    I get my info from being alive in 1976 and paying attention to politics, i really have no idea about when you learned it but you just now seem to be complaining about it.
    I'm not talking about that information. I'm talking about your assertion that I just found out about the pilfering of our SS fund.

    You started the "whats wrong with debt" thread..not me.

    Should i inbox you first before posting on your thread to see if my posts meet Amanko approval?..lol

    I guess you think borrowing from the SS fund is just fine and dandy?

  6. #19
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    Quote Originally Posted by cool-in-cayman View Post
    I'm not talking about that information. I'm talking about your assertion that I just found out about the pilfering of our SS fund.

    You started the "whats wrong with debt" thread..not me.

    Should i inbox you first before posting on your thread to see if my posts meet Amanko approval?..lol

    I guess you think borrowing from the SS fund is just fine and dandy?
    No, I think borrowing from SS sucks, but it's been going on for a long time. as long as there was a conservative in power it did not seem to matter. Is that the only reason for your complaining.

  7. #20
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    Quote Originally Posted by royc View Post
    So its ok with you that a bunch of wealthy bankers got together in secret at Jeckyl Island to see if they can steal our money.

    Ace I dont reply to you very often cause I know your a diehard social/communist, you will deny it, but as someone who has lived under such opressive regimes, I know better.

    Read my signature....

    Roy
    The wealthy Bankers were controlling the countries money anyway, instead of the FED, there were different Banks involved.

    It's just as easy for me to call you a died in the wool fascist, you definetly are no conservative. Conservatives deal with the present and don't dream about what it used to be or how great it would be if we did this or that. Those , my friend , are progressive , idealized traits.

  8. #21
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    Quote Originally Posted by acmanko View Post
    No, I think borrowing from SS sucks, but it's been going on for a long time. as long as there was a conservative in power it did not seem to matter. Is that the only reason for your complaining.
    Huh? I think you'll find plenty of conservatives who have *always* had a problem with borrowing from the SS fund.
    I know there are republicans and probably some conservatives who complained less when a repub was in charge. I'm not one of them and I'll bet most conservatives have a problem with it.
    Conservatives generally want to cut gov spending. Libs generally want to raise spending. Spending requires more taxes or more borrowing. It's your side that loves to spend, not my side.

    The question you asked was "what's wrong with debt". I gave you an answer.

  9. #22
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    Quote Originally Posted by cool-in-cayman View Post
    Huh? I think you'll find plenty of conservatives who have *always* had a problem with borrowing from the SS fund.
    I know there are republicans and probably some conservatives who complained less when a repub was in charge. I'm not one of them and I'll bet most conservatives have a problem with it.
    Conservatives generally want to cut gov spending. Libs generally want to raise spending. Spending requires more taxes or more borrowing. It's your side that loves to spend, not my side.

    The question you asked was "what's wrong with debt". I gave you an answer.
    The only answer you came close to giving was that the government is borrowing from SS to keep spending. That comes nowhere near as an answer to what's wrong with debt. I even agree with you on the borrowing from SS, it sucks.

  10. #23
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    Quote Originally Posted by acmanko View Post
    The only answer you came close to giving was that the government is borrowing from SS to keep spending. That comes nowhere near as an answer to what's wrong with debt. I even agree with you on the borrowing from SS, it sucks.
    It may not be *the* answer your looking for but it's still a good answer for why government debt is bad.
    It's not as though we are talking about pennies here. We owe near 3 Trillion with a T in IOU s to the SS fund. So where does the government get the money to pay back the SS IOU s when the bond holders cash it?..hmmm more government debt to pay the debt. More printing of funny money? Some lockbox...

    Not too mention we are now borrowing at break neck speed while our economy is in the toilet.

    Nuthin wrong with this equation. Nope..No sir.

  11. #24
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    Quote Originally Posted by acmanko View Post
    The wealthy Bankers were controlling the countries money anyway, instead of the FED, there were different Banks involved.

    It's just as easy for me to call you a died in the wool fascist, you definetly are no conservative. Conservatives deal with the present and don't dream about what it used to be or how great it would be if we did this or that. Those , my friend , are progressive , idealized traits.
    I think you know full well Im' in no way a facist, your just throwing stuff out to insult to make an effect. I'm a die in the wool for the strict adherence of our constitution and I guess you can call me a Libertarian of sorts.

    Your crasping for straws when you throw the facist card at me..its laughable.

    You know of course that facism/socialism/communism and marxism is all of the same thing, just a different book cover.


    Roy
    "The perfect Totalitarian State is one where the political bosses, and their army of managers, control a population of slaves, who do not have to be coerced, because they love their servitude"

  12. #25
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    Quote Originally Posted by cool-in-cayman View Post
    It may not be *the* answer your looking for but it's still a good answer for why government debt is bad.
    It's not as though we are talking about pennies here. We owe near 3 Trillion with a T in IOU s to the SS fund. So where does the government get the money to pay back the SS IOU s when the bond holders cash it?..hmmm more government debt to pay the debt. More printing of funny money? Some lockbox...

    Not too mention we are now borrowing at break neck speed while our economy is in the toilet.

    Nuthin wrong with this equation. Nope..No sir.
    That's not quite true, there are lots of ways the government can retire the debt without borrowing from another government fund. Fees could be added to some of the new technologies that so far have been untapped, duties could be levied on goods entering the country or bonds could be sold.

    But I get where you are coming from, debt is bad as long as there is no way to retire it.

  13. #26
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    Quote Originally Posted by royc View Post
    I think you know full well Im' in no way a facist, your just throwing stuff out to insult to make an effect. I'm a die in the wool for the strict adherence of our constitution and I guess you can call me a Libertarian of sorts.

    Your crasping for straws when you throw the facist card at me..its laughable.

    You know of course that facism/socialism/communism and marxism is all of the same thing, just a different book cover.


    Roy
    Well, I think you know full well, I'm not a communist and it's laughable when you label me as such.

    But your yearning for the way it used to be sure does sound a lot like Hitler and his yearning for a lost ayrian superrace.

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