Bernie Sanders

[Pokesan]

Thanks, I was hoping you were dumb enough to think the debts of nations are at all comparable to the debts of individuals.

Idiot.

I'll go slow and ask you - if revenue grows faster than debt, does the debt even matter?

[Orruar]

Originally Posted by Pokesan [You must be logged in to view images. Log in or Register.]

Thanks, I was hoping you were dumb enough to think the debts of nations are at all comparable to the debts of individuals.

Idiot.

If you want to invalidate an analogy, you'll need to actually point out how the analogy fails, and not just claim it fails and call it a day. Or are you on the intellectual level of iruinedyourday, who doesn't even warrant responses to his inane posts?

Originally Posted by Pokesan [You must be logged in to view images. Log in or Register.]

I'll go slow and ask you - if revenue grows faster than debt, does the debt even matter?

It all depends on whether incurring that debt is what led to the revenue growth. I'll use another analogy, which you'll probably just dismiss because it doesn't conform to your preconceived views, since the incurious mind hates incorporating new information.

If you borrow $50k to go to college and end up making an additional $20k a year as a result of your education, then you probably made a wise move (depending on interest rate). Your standard of living was improved through your borrowing/investment.

If you borrow $50k to go on a wild vacation and you get a $20k raise anyway, completely unrelated to the money you spent, then the debt and ensuing interest was not a good move. Your future standard of living is reduced due to your spending. It doesn't matter that your revenue grew faster than debt and are more able to pay off the debt than you were before you got the raise. It is unequivocal that your standard of living is now reduced. Maybe if you get enough raises the interest payment becomes inconsequential, but that is the hardly the case for the US debt.

And to drive a nail in the coffin, we're not growing revenue faster than debt. GDP growth has been anemic for the entire "recovery", while debt has continued its rocket-like trajectory. You can compare either debt-to-GDP or debt-to-revenue and it has exploded over the past 3 decades, under republicans and democrats alike. It started during the Reagan years and has continued unabated since (except for a period during the 90s boom). And it has really kicked into high gear over the last decade. You can blame that on the republicans, or the democrats, it doesn't much matter to me. But do you really think all that debt we have incurred has been for the better and was wisely invested for future growth? Are we going to start getting some dividend payments for the trillions we spent fighting brown people in the desert?

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[Big_Japan]

we already covered the part where weed prohibition is bread & circus buddy

ps i didnt read none of dat shit up above this post^^^^

[Pico]

i live in alberta and people keep saying we lost our 'job' because of oil shitting furiously out of any new leaky earth orifice around the globe. they say when you lose your job its really time to hunker down and cut all spending to infrastructure and social services, and that the province shouldnt spend money on things like lavish vacations. [You must be logged in to view images. Log in or Register.]

hopefully the prime minister of alberta is working hard putting out those applications for a new job for alberta because my anus prolapsed once again last night and i really need the hospitals to live.