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Topic:
Where will our debt be after Obama's second term?
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theredkay1
Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:00am
Subject:
Where will our debt be after Obama's second term?
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Bjorvald posted:
Maturing bonds will just be replaced by new bonds and we'll continue to borrow more and more to pay the interest on a larger and larger amount of debt until it all implodes.
Why would it implode?
Why hasnt it already happened? Is it because 15 trillion is a small number but 22 trillion is a big number?
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-Espiritu-
Posts: 269
Registered: 2004-11-29 18:27:00
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Date Posted:
1/1/00 12:00am
Subject:
Where will our debt be after Obama's second term?
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theredkay1 posted:
Bjorvald posted:
Maturing bonds will just be replaced by new bonds and we'll continue to borrow more and more to pay the interest on a larger and larger amount of debt until it all implodes.
Why would it implode?
Why hasnt it already happened? Is it because 15 trillion is a small number but 22 trillion is a big number?
Why do we need to collect taxes at all then? Just finance our government expenditures on the constant rolling over of our bonds.
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Espiritu - SWTOR (retired)
Espiritu (MajorMUD, UO, DAoC, SB, FFXI, WoW, WAR, Travian, SC2, SWTOR)
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ZigmundZag
Title: Grammar Nazi
Posts: 1,211
Registered: 2002-3-25 23:03:00
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Date Posted:
1/1/00 12:00am
Subject:
Where will our debt be after Obama's second term?
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-Espiritu- posted:
Why do we need to collect taxes at all then? Just finance our government expenditures on the constant rolling over of our bonds.
Now you're thinking like a Republican!
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"Take the cheese to sickbay!"
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-Espiritu-
Posts: 269
Registered: 2004-11-29 18:27:00
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Date Posted:
1/1/00 12:00am
Subject:
Where will our debt be after Obama's second term?
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ZigmundZag posted:
-Espiritu- posted:
Why do we need to collect taxes at all then? Just finance our government expenditures on the constant rolling over of our bonds.
Now you're thinking like a Republican!
definitely. Any future GOP candidates at any level should be forced to go through a Paul Ryan re-education camp so they understand that fiscal conservatism is related to spending and not taxation.
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Espiritu - SWTOR (retired)
Espiritu (MajorMUD, UO, DAoC, SB, FFXI, WoW, WAR, Travian, SC2, SWTOR)
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theredkay1
Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:00am
Subject:
Where will our debt be after Obama's second term?
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-Espiritu- posted:
theredkay1 posted:
Bjorvald posted:
Maturing bonds will just be replaced by new bonds and we'll continue to borrow more and more to pay the interest on a larger and larger amount of debt until it all implodes.
Why would it implode?
Why hasnt it already happened? Is it because 15 trillion is a small number but 22 trillion is a big number?
Why do we need to collect taxes at all then? Just finance our government expenditures on the constant rolling over of our bonds.
Your idea is an interesting one. Perhaps you should flesh it out more.
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Abaddon_Ambrosius
Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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Date Posted:
1/1/00 12:00am
Subject:
Where will our debt be after Obama's second term?
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theredkay1 posted:
Theft is good. Stick it to 'em and strip away the last vestige of respectability governments had left.
F*ck you?
Yeah. I'll go with that.
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In the immortal words of Socrates - "I drank what?"
"God you guys suck at the internet - how can you fail to locate porn?!" - Eternal_Midnight
"Knowing means nothing." - Fat-badger
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theredkay1
Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:00am
Subject:
Where will our debt be after Obama's second term?
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I appreciate you dropping your usual pretense of having an actual argument. Efficiency is a good thing. Usually you needed 3 posts of tripping over yourself before you got there. Progress! 
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Groucho48
Posts: 821
Registered: 2003-10-22 03:00:14
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Date Posted:
1/1/00 12:00am
Subject:
Where will our debt be after Obama's second term?
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Once again...
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“Science is like sex: sometimes something useful comes out, but that is not the reason we are doing it.†– Richard Feynman
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Abaddon_Ambrosius
Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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Date Posted:
1/1/00 12:00am
Subject:
Where will our debt be after Obama's second term?
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Groucho48 posted:
Once again...
Once again, the Laffer curve is not invalid. The only question is WHERE is the fulcrum point between tax cuts and revenue increases.
So, once again, you can stop wasting your time showing that chart.
And keep in mind... I think Bush was a total moron.
-----signature-----
In the immortal words of Socrates - "I drank what?"
"God you guys suck at the internet - how can you fail to locate porn?!" - Eternal_Midnight
"Knowing means nothing." - Fat-badger
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DemonicXH
Title: Camelot Vault Staff
News Editor
Posts: 584
Registered: 2003-12-1 08:14:17
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Date Posted:
1/1/00 12:00am
Subject:
Where will our debt be after Obama's second term?
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Abaddon_Ambrosius posted:
And keep in mind... I think Bush was a total moron.
Absolutely, but who else are they going to blame!
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