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Author Topic:   The Debt Clock
Coyote
Member (Idle past 2096 days)
Posts: 6117
Joined: 01-12-2008


Message 3 of 114 (702542)
07-08-2013 10:36 PM
Reply to: Message 2 by Phat
07-08-2013 10:22 PM


Re: Blues Clues
Personally, I am out of debt. Any bill that gets sent my way will have to be one I actually created.
From Wiki:
The national debt equates to $44,900 per person U.S. population...
Try claiming you are out of debt when the IRS comes calling...

This message is a reply to:
 Message 2 by Phat, posted 07-08-2013 10:22 PM Phat has seen this message but not replied

Replies to this message:
 Message 4 by Theodoric, posted 07-08-2013 10:55 PM Coyote has replied
 Message 6 by hooah212002, posted 07-08-2013 11:14 PM Coyote has seen this message but not replied

  
Coyote
Member (Idle past 2096 days)
Posts: 6117
Joined: 01-12-2008


Message 5 of 114 (702544)
07-08-2013 11:06 PM
Reply to: Message 4 by Theodoric
07-08-2013 10:55 PM


Re: Blues Clues
Government debt is a good thing.
There is no such thing as government debt.
All "government debt" is money spent by the government but actually owed by people and corporate "persons."
It is people and corporate "persons" who create wealth; the most the government can do is print currency. These are two entirely different things.

This message is a reply to:
 Message 4 by Theodoric, posted 07-08-2013 10:55 PM Theodoric has replied

Replies to this message:
 Message 7 by Theodoric, posted 07-09-2013 8:16 AM Coyote has seen this message but not replied
 Message 11 by Jon, posted 07-09-2013 4:03 PM Coyote has not replied

  
Coyote
Member (Idle past 2096 days)
Posts: 6117
Joined: 01-12-2008


Message 9 of 114 (702559)
07-09-2013 10:25 AM
Reply to: Message 8 by New Cat's Eye
07-09-2013 10:09 AM


Re: Blues Clues
Two different concepts here.
First, "...world governments owe the money to their own citizens, not to the Martians." Actually governments owe the money to whomever they borrowed it from.
Second, the money the government uses to pay off that government debt, must come from taxes on people and corporate "people." The government has no wealth of its own, nor does it create any. The most it can do is run the printing presses which is money, not wealth.

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 Message 8 by New Cat's Eye, posted 07-09-2013 10:09 AM New Cat's Eye has not replied

  
Coyote
Member (Idle past 2096 days)
Posts: 6117
Joined: 01-12-2008


Message 13 of 114 (702586)
07-09-2013 11:50 PM
Reply to: Message 12 by Phat
07-09-2013 11:28 PM


Re: Why Must The Debt Be Repaid?
Why? Its just people owing other people. Why must it get repaid? I have known several ex-friends (and friends as well) who owed me money that they borrowed...and to date have never paid it back. Why cant this truth hold true on a macro scale?
Are you serious?
Or did I miss the /sarcasm tag somehow.

This message is a reply to:
 Message 12 by Phat, posted 07-09-2013 11:28 PM Phat has replied

Replies to this message:
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 Message 17 by Dr Adequate, posted 07-10-2013 2:24 AM Coyote has not replied

  
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