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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (105014)	5/17/2011 12:48:36 PM
From: grusum	2 Recommendations Respond to of 224862

Spending zero is impossible when interest on the debt must be paid. so is taxing everyone and everything 100%. they were examples to illustrate a point. we are going to default eventually kenneth. but we won't do it honestly by telling our creditors that we can't pay them back. we'll do it dishonestly by continuing to devalue our currency. we'll pay everyone back with devalued dollars. it's not how many dollars you have, it's how much your dollars will buy that counts. devaluing our currency is the most destructive path to take, but it buys a little more time, so that's what we'll do. that's what we're doing. time to buy gold kenneth, it's crashing today.

To: Kenneth E. Phillipps who wrote (105014)	5/17/2011 4:08:32 PM
From: chartseer	2 Recommendations Respond to of 224862

Spending zero is impossible when the government employees more people than private industry. Spending Zero is impossible when almost half the population is collecting some form of government handout. Spending zero is impossible when the mind set is spend more than you have. citizen chartseer

To: Kenneth E. Phillipps who wrote (105014)	5/23/2011 11:34:10 AM
From: TimF	2 Recommendations Respond to of 224862

Spending zero is an irrelevant point. No one here is saying the federal government shut down operations completely. The problem is that we are spending close to $4tril (plus trillions more at the state and local levels). The interest on the debt must be paid, but that's not a big problem (yet, it will be if we continue to spend like crazy and run up more and more huge deficits), its a small fraction of federal tax revenue. The problem is the growth of "entitlements" (in quotes because people aren't really entitled, see link below), esp, for government medical insurance programs, but Social Security is also an important, if smaller, issue. ---- How Do We Make People Understand that They Aren’t Entitled to Entitlement Programs? nationalreview.com