Debt
1. something that is owed or that one is bound to pay to or perform for another: a debt of $50.
2. a liability or obligation to pay or render something: My debt to her for advice is not to be discharged easily.
3. the condition of being under such an obligation: His gambling losses put him deeply in debt.
dictionary.reference.com
" Name me ONE year in which defense expenditures have been $0.00."
That's irrelevant.
ANY argument that advances my case is irrelevant, it seems.
Since I was a little kid, I don't have one year where my spending on food is zero. But my future spending on food isn't a debt.
"Very unlikely, also very irrelevant."
ANY argument that advances my case is irrelevant, it seems
ANY stream of payments which you make can be looked at as paying off a debt. Failure to recognize this shows simply a failure to understand the basic concepts the basic (and simple) mathematics behind the concept. If your gov't has committed you to pay a stream of payments for a particular purpose, it has contracted debt on your behalf. The unfortunate thing about gov't is you may have know idea how deeply they have committed you; they have a bad habit of changing the terms of the contract at any time.
The original cost of the the Golden Gate Bridge was $33M. That sum was paid for in tolls many decades ago. Unfortunately, rather than consider the bridge part of the state highway system with its later maintenance being paid for out of the regular highway funds, a special bridge district was set up for it. That district would have had to severely contract in size if all it had for work was maintenance of the bridge. No such horror could be allowed, so the district then branched into many other areas, such as ferry boats, whose operation required more equipment and people and a HIGHER bridge toll. Had it not been for the existence of that district, there would now be no toll on the bridge, as is the case of bridges in SoCal, which are part of the state highway system.
Well I can't help it if you insist on defending a point that can't be defended, where no relevant arguments aren't completely and obviously full of holes so you have to resort to irrelevant ones.
Seriously I can't see why you even try. Debt is a fairly simple concept, and what you talking about simply isn't debt.
The definition of debt is above.
"Nothing. Its not paying off anything. Its current spending, like when you go to a restaurant or grocery store and pay cash."
Exactly. It costs you a certain amount just to stay alive. At te end of your life, we could subtract your net worth from your earnings and the remainder is the debt you made payments on.
Only if your speaking some language other than English, where the word debt has a different definition.
The definition of debt is above. |
