Bernie Sanders

[Pokesan]

what's the benefit/usefulness of a balanced budget

[KagatobLuvsAnimu]

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

what's the benefit/usefulness of a balanced budget

It makes a candidate sound like they give a fuck and theoretically gets them votes.

[Orruar]

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

what's the benefit/usefulness of a balanced budget

Is this a serious question? Assuming it is, I'll treat this like explaining it to a child, because I can't picture a grown adult asking something so obvious.

Every time the government spends more money than it collects in taxes for the year, it has to borrow money from someone to make up the difference. When you borrow money from someone, they charge you a fee for the time that you have the money. We call this fee "interest". Currently the US government spends over $200B a year on interest. That's $200B we don't have for other things like roads, health care, education, and bombing brown people. And that's a lot of money Timmy!

[iruinedyourday]

uh oh orruar is posting again: https://www.youtube.com/watch?v=eBPqksG9nbA

[You must be logged in to view images. Log in or Register.]

[Pokesan]

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

Is this a serious question? Assuming it is, I'll treat this like explaining it to a child, because I can't picture a grown adult asking something so obvious.

Every time the government spends more money than it collects in taxes for the year, it has to borrow money from someone to make up the difference. When you borrow money from someone, they charge you a fee for the time that you have the money. We call this fee "interest". Currently the US government spends over $200B a year on interest. That's $200B we don't have for other things like roads, health care, education, and bombing brown people. And that's a lot of money Timmy!

I'm quite aware of what interest is, please provide an actual explanation instead of jerking yourself off about how dumb I am - everyone already knows that.

[Pokesan]

note: I will fart in your dinner if you even write the word 'China'.

Fairly warned, be ye, says I.

[iruinedyourday]

"when I talk to china"

rekt

[iruinedyourday]

Bernie sanders didn't just say, 'i want to end the national prohibition of marijuana' during his campaign, he actually submitted a bill to end the national prohibition of marijuana.

This dude is one of a kind.

and america be all, 'i scared of things and dont know enough about things and think liberals and progressives are bad waah'

http://www.scribd.com/doc/288522361/...Marijuana-Bill

sigh....

[KagatobLuvsAnimu]

Nobody cares you hippie

[Orruar]

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

I'm quite aware of what interest is, please provide an actual explanation instead of jerking yourself off about how dumb I am - everyone already knows that.

Paying $200B a year in interest isn't enough of an explanation for why running neverending deficits is a bad plan? I don't understand what you're missing here.

Let's put it in personal finance terms. Would you go out and throw $100k worth of vacations on a credit card, and then just pay $20k in interest per year in perpetuity without ever paying off the debt? It's all about standard of living. Sure your standard of living was great during the $100k hookers and blow cruise through the Caribbean, but your standard of living is reduced until you pay off the debt.

Because of the profligate spending of previous generations, we're now having to waste $200B a year on interest rather than using it for useful things like roads, schools, and medical care. And this is during a time of historically low interest rates. The interest payments are only going to get more onerous as interest rates rise.

Edit: China