Posts
610
Joined
1/30/2012
Location
Edmonton, AB
CA
Prairieboy43
10/24/2016 6:06am
10/24/2016 6:06am
Not slamming Hilary or Trump. What is approach to paying the Defecit? Looks like Crash/Burn?
https://www.armstrongeconomics.com/world-news/sovereign-debt-crisis/us-…
PB43
https://www.armstrongeconomics.com/world-news/sovereign-debt-crisis/us-…
PB43
If they still made thousand dollar bills it takes a stack 4 inches tall to make a million dollars.
A billion bucks of thousand dollar bills would be 333 feet tall.
A trillion bucks stack of thousand dollar bills would be 63 miles tall.
and cashed the check, they gave me 3 $1,000 bills. I don't think you could get your hands on one of those today
if you tried.
TM
Trump plans on cutting taxes, and fixing the debt by growing the economy so hugely the government will have a growing income. Kinda like cutting prices on merchandise to sell more. Except the United States economy is way more complex than a business, and thus taxes aren't the only variable. I'm sure China would love to renogiatiate after he puts tariffs on Chinese products...
Either way, don't expect the national debt to go away in the next 4 to 8 years. And it won't until we realize just how little we pay in tax.
The Shop
The true solution for the debt is to budget spending according to GDP. We'd need to raise taxes and cut spending according to today's values, but if a Trump-ish economy boom raised gross domestic product, we'd have more tax revenue and could afford tax cuts.
The economy is indeed more complex than any single business, but it really does boil down to all the same principles.
And the island off the east coast with all the planes shoved in the ocean around it.
The scariest thing about the US is the abysmal ignorance of our society.
I would wager that the majority of Americans would not even know what a deficit is if you asked them. Never mind having any sort of understanding whatsoever of the situation we are in.
What year was the most motorcycles sold? Bet was between 1970-1985.
PB43
http://www.zerohedge.com/news/2016-10-24/chinese-politician-given-suspe…
http://news.sina.com.cn/c/nd/2016-10-20/doc-ifxwztru6652155.shtml
wtf ?!? Why didn't the dude just buy property in Vancouver , San Fran , NYC or London like all the other corrupt Chinese billionaires ?
Pit Row
http://www.zerohedge.com/news/2016-10-24/path-total-dictatorship-americ…
I saw a study the other day that showed almost 9million Americans were ACTIVELY SEEKING employment in the second quarter of 2016. Imagine how much tax revenue would be collected on 9 million more people who pay a few thousand in taxes each year. This is my reasoning for agreeing with a certain candidates economic policies. It's everyone's problem, fix it by collecting money from all instead of collecting more from a few.
I will send America two of my Bills, to pay off the American Debt. However, I want unlimited riding at Glen Helen with McGrath and Monster Energy Girls.
Lol
Post a reply to: Crash and Burn time