Space Travel on Debt
-
Just a bit of amusement... The thickness of a penny (0.01 US$) is 1.55mm So if you plug this into Wolfram Alpha (Love that site): "us national debt * 1.55 mm/cent / au" As of Q3 2009, if you took the current US national debt in pennies, and stacked them on top of each other, it would be more than 12 times the distance from the Earth to the Sun. Obviously, that means we need to give more money to NASA, to help get these pennies into orbit. No, that doesn't make any sense, but I can't be expected to think straight on a Monday morning.
Proud to have finally moved to the A-Ark. Which one are you in? Author of Guardians of Xen (Sci-Fi/Fantasy novel)
It wont be so amusing once we start to pay it back. Interest alone on that debt is around 350 BILLION a year, just interest alone. Do you not comprehend what that is going to do to the country? Perhaps you think the federal reserve will take care of it by devaluing the dollar and making deals with lender nations to surrender national sovereignty and be dictated how the country needs fixed by the likes of China and the rest.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album (They sound very much like Metallica, great lyrics too)[^]
-
It wont be so amusing once we start to pay it back. Interest alone on that debt is around 350 BILLION a year, just interest alone. Do you not comprehend what that is going to do to the country? Perhaps you think the federal reserve will take care of it by devaluing the dollar and making deals with lender nations to surrender national sovereignty and be dictated how the country needs fixed by the likes of China and the rest.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album (They sound very much like Metallica, great lyrics too)[^]
You know, Clinton had that thing dropping like a stone. W. came in and well, we all know where we stand. Clinton was handed a pretty big deficit as well. Paying it off and getting things going isn't all doom and gloom. It just requires the government not have a bleeding hole where the military used to be and taxing companies enough to cover stuff while giving them a chance to grow. People seem to forget that Clinton did a remarkable job growing the economy while paying off debt and just remember a cigar. Yeesh.
-
You know, Clinton had that thing dropping like a stone. W. came in and well, we all know where we stand. Clinton was handed a pretty big deficit as well. Paying it off and getting things going isn't all doom and gloom. It just requires the government not have a bleeding hole where the military used to be and taxing companies enough to cover stuff while giving them a chance to grow. People seem to forget that Clinton did a remarkable job growing the economy while paying off debt and just remember a cigar. Yeesh.
ragnaroknrol wrote:
People seem to forget that Clinton did a remarkable job growing the economy while paying off debt and just remember a cigar. Yeesh.
The debt was nothing back then to what it is now. Taxes will only go up, new taxes will be made, inflation will rabidly increase, interest rates will shoot through the roof, it will be like it was in so many countries before that have followed this path. Social Security and Medicare are going to catch up on us real quick. Oh, and dramatic increases in energy costs do to the Climate Stability (formally Climate Change) legislation enforced at all levels of government.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album (They sound very much like Metallica, great lyrics too)[^]
-
It wont be so amusing once we start to pay it back. Interest alone on that debt is around 350 BILLION a year, just interest alone. Do you not comprehend what that is going to do to the country? Perhaps you think the federal reserve will take care of it by devaluing the dollar and making deals with lender nations to surrender national sovereignty and be dictated how the country needs fixed by the likes of China and the rest.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album (They sound very much like Metallica, great lyrics too)[^]
CaptainSeeSharp wrote:
It wont be so amusing once we start to pay it back. Interest alone on that debt is around 350 BILLION a year, just interest alone.
Close. Actually it's a bit more. More like $383bln for FY2009.
CaptainSeeSharp wrote:
Do you not comprehend what that is going to do to the country? Perhaps you think the federal reserve will take care of it by devaluing the dollar and making deals with lender nations to surrender national sovereignty and be dictated how the country needs fixed by the likes of China and the rest.
Nah, there's this thing called "balancing the budget" to gain a surplus... I know it's a novel concept, because it doesn't involve any of your doomsday scenarios, but it is a possibility. Clinton was on the right track during his administration, as the debt stayed just about constant (Not inflation-adjusted, so decreasing relative to inflation), but then Dubya came along and added 5.6 trillion to it. If you stopped sounding like the freaks on the corner with the "End of the world" placards, maybe people would pay a little more attention to THIS part of your viewpoint, as the debt IS a problem. We just need to get the hell out of Iraq/Afghanistan and start paying back the debt instead of increasing it.
Proud to have finally moved to the A-Ark. Which one are you in? Author of Guardians of Xen (Sci-Fi/Fantasy novel)
-
CaptainSeeSharp wrote:
It wont be so amusing once we start to pay it back. Interest alone on that debt is around 350 BILLION a year, just interest alone.
Close. Actually it's a bit more. More like $383bln for FY2009.
CaptainSeeSharp wrote:
Do you not comprehend what that is going to do to the country? Perhaps you think the federal reserve will take care of it by devaluing the dollar and making deals with lender nations to surrender national sovereignty and be dictated how the country needs fixed by the likes of China and the rest.
Nah, there's this thing called "balancing the budget" to gain a surplus... I know it's a novel concept, because it doesn't involve any of your doomsday scenarios, but it is a possibility. Clinton was on the right track during his administration, as the debt stayed just about constant (Not inflation-adjusted, so decreasing relative to inflation), but then Dubya came along and added 5.6 trillion to it. If you stopped sounding like the freaks on the corner with the "End of the world" placards, maybe people would pay a little more attention to THIS part of your viewpoint, as the debt IS a problem. We just need to get the hell out of Iraq/Afghanistan and start paying back the debt instead of increasing it.
Proud to have finally moved to the A-Ark. Which one are you in? Author of Guardians of Xen (Sci-Fi/Fantasy novel)
Ian Shlasko wrote:
Nah, there's this thing called "balancing the budget" to gain a surplus.
And we pay trillions in interest alone because we don't pay it off? WTF :doh: How convenient of a takeover. That is called slavery, either way you put it.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album (They sound very much like Metallica, great lyrics too)[^]
-
ragnaroknrol wrote:
People seem to forget that Clinton did a remarkable job growing the economy while paying off debt and just remember a cigar. Yeesh.
The debt was nothing back then to what it is now. Taxes will only go up, new taxes will be made, inflation will rabidly increase, interest rates will shoot through the roof, it will be like it was in so many countries before that have followed this path. Social Security and Medicare are going to catch up on us real quick. Oh, and dramatic increases in energy costs do to the Climate Stability (formally Climate Change) legislation enforced at all levels of government.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album (They sound very much like Metallica, great lyrics too)[^]
OH NOES!!!! The sky is falling too. Oh wait, it's not and your points aren't correct either.
-
Just a bit of amusement... The thickness of a penny (0.01 US$) is 1.55mm So if you plug this into Wolfram Alpha (Love that site): "us national debt * 1.55 mm/cent / au" As of Q3 2009, if you took the current US national debt in pennies, and stacked them on top of each other, it would be more than 12 times the distance from the Earth to the Sun. Obviously, that means we need to give more money to NASA, to help get these pennies into orbit. No, that doesn't make any sense, but I can't be expected to think straight on a Monday morning.
Proud to have finally moved to the A-Ark. Which one are you in? Author of Guardians of Xen (Sci-Fi/Fantasy novel)
This would have been better as your 1500th post. ;P
Chris Meech I am Canadian. [heard in a local bar] In theory there is no difference between theory and practice. In practice there is. [Yogi Berra]
-
Ian Shlasko wrote:
Nah, there's this thing called "balancing the budget" to gain a surplus.
And we pay trillions in interest alone because we don't pay it off? WTF :doh: How convenient of a takeover. That is called slavery, either way you put it.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album (They sound very much like Metallica, great lyrics too)[^]
What part of "balancing the budget" don't you understand? If you reduce spending or increase taxes (Or a combination), you gain a SURPLUS, which goes toward paying down the debt. It's a pretty simple concept.
Proud to have finally moved to the A-Ark. Which one are you in? Author of Guardians of Xen (Sci-Fi/Fantasy novel)
-
This would have been better as your 1500th post. ;P
Chris Meech I am Canadian. [heard in a local bar] In theory there is no difference between theory and practice. In practice there is. [Yogi Berra]
Nah... I just posted this one to see if CSS would take the bait and give us some more amusement :-D
Proud to have finally moved to the A-Ark. Which one are you in? Author of Guardians of Xen (Sci-Fi/Fantasy novel)
-
What part of "balancing the budget" don't you understand? If you reduce spending or increase taxes (Or a combination), you gain a SURPLUS, which goes toward paying down the debt. It's a pretty simple concept.
Proud to have finally moved to the A-Ark. Which one are you in? Author of Guardians of Xen (Sci-Fi/Fantasy novel)
Again, the debt is 12 trillion and quickly rising, we have a bankrupt welfare state, the welfare entitlements are rapidly increasing. We are already taxed around 60% if you count all levels of government, and the taxes they place on gas, and the taxes that business pays that is not part of the income tax. All the taxes to throw money to offshore accounts. There wont be any money, just slavery.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album (They sound very much like Metallica, great lyrics too)[^]
-
Again, the debt is 12 trillion and quickly rising, we have a bankrupt welfare state, the welfare entitlements are rapidly increasing. We are already taxed around 60% if you count all levels of government, and the taxes they place on gas, and the taxes that business pays that is not part of the income tax. All the taxes to throw money to offshore accounts. There wont be any money, just slavery.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album (They sound very much like Metallica, great lyrics too)[^]
And yet again... If you cut government spending and increase government income income (taxes), you end up with a budget surplus. Am I not getting through to you here?
Proud to have finally moved to the A-Ark. Which one are you in? Author of Guardians of Xen (Sci-Fi/Fantasy novel)
-
Crazy glue.
-
Duct tape is like the Force. It has a light side and a dark side, and it holds the universe together :)
Proud to have finally moved to the A-Ark. Which one are you in? Author of Guardians of Xen (Sci-Fi/Fantasy novel)
-
What part of "balancing the budget" don't you understand? If you reduce spending or increase taxes (Or a combination), you gain a SURPLUS, which goes toward paying down the debt. It's a pretty simple concept.
Proud to have finally moved to the A-Ark. Which one are you in? Author of Guardians of Xen (Sci-Fi/Fantasy novel)
-
What part of "balancing the budget" don't you understand? If you reduce spending or increase taxes (Or a combination), you gain a SURPLUS, which goes toward paying down the debt. It's a pretty simple concept.
Proud to have finally moved to the A-Ark. Which one are you in? Author of Guardians of Xen (Sci-Fi/Fantasy novel)
Actually I'd theorize to take away the income tax and do just like a sales tax on stuff, whatever you want to tax. but that's just a theory... let's put it this way: i hate income tax. BUT otherwise, yes, you just cut back on spending, at least. There are a lot of departments that I think are just wholly unnecessary, and you could save money by getting rid of them, but I'm not getting into that.
-
Actually I'd theorize to take away the income tax and do just like a sales tax on stuff, whatever you want to tax. but that's just a theory... let's put it this way: i hate income tax. BUT otherwise, yes, you just cut back on spending, at least. There are a lot of departments that I think are just wholly unnecessary, and you could save money by getting rid of them, but I'm not getting into that.
sales tax only is unfair to lower incomes. They spend a much larger percentage on survival items than higher incomes. This means they would eat a lot more of the tax burden than higher income folks who are currently made to pay a fair share thanks to income tax.
-
sales tax only is unfair to lower incomes. They spend a much larger percentage on survival items than higher incomes. This means they would eat a lot more of the tax burden than higher income folks who are currently made to pay a fair share thanks to income tax.
We wouldn't need the federal income tax at all if we'd got rid of the fed, but that's for another debate. Sales tax vs income tax is a matter of preference. We all pay taxes one way or another, so really to me it doesn't matter, I barely notice the difference (because I pay both anyway).
-
We wouldn't need the federal income tax at all if we'd got rid of the fed, but that's for another debate. Sales tax vs income tax is a matter of preference. We all pay taxes one way or another, so really to me it doesn't matter, I barely notice the difference (because I pay both anyway).
Try making the minimum wage some time. Sales tax will suddenly look a lot worse than income tax.
-
Try making the minimum wage some time. Sales tax will suddenly look a lot worse than income tax.
-
Try making the minimum wage some time. Sales tax will suddenly look a lot worse than income tax.
I was actually going to side with you on this one, but josda does have a point here. On the low end, if your income tax was dropped 15%, but your sales tax went up 7%, your purchasing power would be pretty much even... But the part of your income that you save would be higher. The only problem is that on the high end, the tax collection would be delayed, as a lot of the big guys are going to reinvest their cash instead of spending it, then put the proceeds into trust funds. Sure, it would be taxed eventually, but way down the road. Actually, the real disadvantage I see, is that if those dollars are taken out of the country (International purchases, traveling, etc), they wouldn't be taxed at all.
Proud to have finally moved to the A-Ark. Which one are you in? Author of Guardians of Xen (Sci-Fi/Fantasy novel)