Our Financial State of America

[TWA]

FYI - Jefferson opposed borrowing, debt, federal taxes, Federalism, Hamilton, and Alien & Sedition Acts. Jeffersonian is completely opposite of your post.

See above post.

 

[Jiro]

Clearly neither of you understand our economic system. The national debt has been an integral part of it since the beginning of the United States. It was never, ever, intended to be paid off. It is what allows our country to build credit and set interest rates. Brush up on your economic history, paying particular attention to Alexander Hamilton, Thomas Jefferson, and James Madison.

Next, I don't think there is anything funny about the rich getting richer and the poor getting more poor. That is exactly why I am poo-poo'ing this, because it is fear-mongering like this that allows the economic elite to implement financial policy that keeps them on top: tax cuts for the wealthy, government bailouts of large corporations, loosening of environmental and economic constraints, etc.

Tax cuts do not create jobs: DEMAND for goods and services create jobs. Simple economics here.

There's a reason this recession has been the best thing to ever happen to the wealthiest people in the country. The widening gap between rich and poor has never been more. It's been terrible for the middle class, yes absolutely, but for the wealthy? Naaaahhhh.

The thing is, when you are afraid, you're more likely to believe the lies and BS that people want to sell you. Now let me ask, who is burying his head in the sand?

simple economics in here is that more taxes on wealthy people leads to less jobs thus widening the gap between the rich and poor. This creates a cut in customer service quality and business quality.

your statement - "Tax cuts do not create jobs: DEMAND for goods and services create jobs. Simple economics here."

How do you create jobs if wealthy people are getting taxed?

So let me correct your "simple economics". Wealthy people DO get heavily taxed if they are doing nothing with their money (ie. being Uncle Scrooge). Wealthy people DO get tax cut if they poured their money into society and business.

I will explain why the stereotype continues to exist - "Rich people get richer and poor people get poorer." It's pretty simple - how do rich people get richer? By knowing how money works. And why are poor people getting poorer? Because they don't know how to use money wisely. They are lazy. Because of their laziness - they say "gimme gimme gimme". Rich people donated plenty enough into taxes, social programs, churches, and charity programs to help them out and still.... they say "gimme gimme gimme"

Enough is enough.

 

[Jiro]

See above post.

no idea why you continue to refuse to realize a simple correction. You are completely wrong about Thomas Jefferson.

your previous post:

Clearly neither of you understand our economic system. The national debt has been an integral part of it since the beginning of the United States. It was never, ever, intended to be paid off. It is what allows our country to build credit and set interest rates. Brush up on your economic history, paying particular attention to Alexander Hamilton, Thomas Jefferson, and James Madison.

Thomas Jefferson does not belong up there along with Hamilton. Thomas Jefferson LOATHED national debt and federal taxes with extreme hatred. In fact, Jefferson REPEALED bunch of federal taxes because he believed the federal fund should come from tariffs. He held a Republican belief which is completely opposite of your view in your Post #32

 

[MidnightSun]

Case example of denial and a ostrich syndrome.

Yiz

Was that comment about Me or the WriteAlex??? because you do not want to start with me..laughing...Peace to you..M♥♥♥

 

[Jiro]

was that comment about me or the writealex??? Because you do not want to start with me..laughing...peace to you..m♥♥♥

twa

 

[MidnightSun]

See above post.

How old are you? I'm willing to bet you went thru school on student loans.
another major problem...thanks. I clearly understand what you wrote. If I may, insulting persons who offer a different opinion is rude. Suggesting you are the only one with the facts is laughable. Saying the natioanl debt was never meant to be paid off is a fundamental misunderstanding of how we have become a country of have and have nots.. If China were to call in our debt right now we could not pay it. As it is we are allowing prime real estate and closed door deals to stay in their favor. Things are so bad , politicians who would have argued for hours on the topic are now saying we will probably need to dip into the "War Chest." I guess so! when we can't pay people that are fighting for this country. Just so you know, by profession, I am a published writer. It's going to take time for me to get back to where I was but I will do it. No I never had a student loan. I worked 3 part time jobs. I had never looked at your profile before....Your smugness shows..Just another opinion.....Peace to you

 

[posts from hell]

How old are you? I'm willing to bet you went thru school on student loans.
another major problem...thanks. I clearly understand what you wrote. If I may, insulting persons who offer a different opinion is rude. Suggesting you are the only one with the facts is laughable. Saying the natioanl debt was never meant to be paid off is a fundamental misunderstanding of how we have become a country of have and have nots.. If China were to call in our debt right now we could not pay it. As it is we are allowing prime real estate and closed door deals to stay in their favor. Things are so bad , politicians who would have argued for hours on the topic are now saying we will probably need to dip into the "War Chest." I guess so! when we can't pay people that are fighting for this country. Just so you know, by profession, I am a published writer. It's going to take time for me to get back to where I was but I will do it. No I never had a student loan. I worked 3 part time jobs. I had never looked at your profile before....Your smugness shows..Just another opinion.....Peace to you

It's bad enough that China is undervaluing their Yuan. We need to see whats going on from here.

 

[TWA]

How old are you? I'm willing to bet you went thru school on student loans.
another major problem...thanks. I clearly understand what you wrote. If I may, insulting persons who offer a different opinion is rude. Suggesting you are the only one with the facts is laughable. Saying the natioanl debt was never meant to be paid off is a fundamental misunderstanding of how we have become a country of have and have nots.. If China were to call in our debt right now we could not pay it. As it is we are allowing prime real estate and closed door deals to stay in their favor. Things are so bad , politicians who would have argued for hours on the topic are now saying we will probably need to dip into the "War Chest." I guess so! when we can't pay people that are fighting for this country. Just so you know, by profession, I am a published writer. It's going to take time for me to get back to where I was but I will do it. No I never had a student loan. I worked 3 part time jobs. I had never looked at your profile before....Your smugness shows..Just another opinion.....Peace to you

How I paid for my education is none of your business, nor does it bear any relevance to this discussion.

A BIG at you, turning this into a personal thing. You're obviously not the happy, jolly, "peace to you" type of person you represent yourself as. I'd say passive aggressive fits you much better.

 

[posts from hell]

How I paid for my education is none of your business, nor does it bear any relevance to this discussion.

A BIG at you, turning this into a personal thing. You're obviously not the happy, jolly, "peace to you" type of person you represent yourself as. I'd say passive aggressive fits you much better.

Now you're a writer, chief economist and psychologist - what's next...

My statements still stands. It helps having several other people posting the same things.

I find it humorous that I was merely pointing these things out and you resort to name calling and degrading others. There was entirely no need to name call. I was prepared to discuss this civilly but it seems to me that it will not happen.

Oh BTW, I also find it funny she nailed you on the head from A2Z in that post.

Adios

---PFHgnat flying off, to a wall to watch what's going on.

 

[sequoias]

Wirelessly posted (Samsung Captivate (i897))

Yikes....If you have the debt of 4000 dollars with over 20 percent interest and it would take you over 30 years to pay it off at the minimum payment. That is why the US has to pay the debt back more than the minimum payments to pay it off faster. I think the budget system in this country is stupid.

On the other note, looks like this country is going to split up into new countries. No country last forever at the same size and economy wise. Cascadia country might be a reality. New Mexico might return back to Mexico as well.

 

[lanapoo]

Now you're a writer, chief economist and psychologist - what's next...

My statements still stands. It helps having several other people posting the same things.

I find it humorous that I was merely pointing these things out and you resort to name calling and degrading others. There was entirely no need to name call. I was prepared to discuss this civilly but it seems to me that it will not happen.

Oh BTW, I also find it funny she nailed you on the head from A2Z in that post.

Adios

---PFHgnat flying off, to a wall to watch what's going on.

If you read TWA's post carefully, you'll see that he didn't mention what each president did for our economy. YOU are the one who twisted his words and implied that TWA was wrong.

 

[posts from hell]

If you read TWA's post carefully, you'll see that he didn't mention what each president did for our economy. YOU are the one who twisted his words and implied that TWA was wrong.

I never twisted anything. I put in a FYI.

 

[lanapoo]

Just a heads up; Jefferson did NOT want to have any debt. Nor a national bank for that matter.
According to your thinking, that one critical information throws all the credibility of your post out of the window.

Just saying.

:roll:

 

[TWA]

I never twisted anything. I put in a FYI.

You plainly stated that my argument was flawed because I claimed Jefferson supported the national debt when I did nothing of the sort. Now you're claiming you didn't do something you clearly did. You're begging the question. And lying, and showing your generally manipulative self.

The negotiations and compromises worked out between Hamilton, Jefferson, and Madison is what led to the national debt and the federal reserve. This is why I referred the two posters (and not you, btw) I quoted to that area of our history. That was the extent of my argument. It's what has made America as strong and powerful as it is.

 

[Beowulf]

You plainly stated that my argument was flawed because I claimed Jefferson supported the national debt when I did nothing of the sort. Now you're claiming you didn't do something you clearly did. You're begging the question. And lying, and showing your generally manipulative self.

The negotiations and compromises worked out between Hamilton, Jefferson, and Madison is what led to the national debt and the federal reserve. This is why I referred the two posters (and not you, btw) I quoted to that area of our history. That was the extent of my argument. It's what has made America as strong and powerful as it is.

Oh please. :roll:
The Federal Resreve came into being in 1913.

 

[TWA]

Oh please. :roll:
The Federal Resreve came into being in 1913.

My bad, I meant a national bank. The first National Bank of the US, Centralized bank, whatever. Sorry for the mix up. :roll:

 

[Beowulf]

My bad, I meant a national bank. The first National Bank of the US, Centralized bank, whatever. Sorry for the mix up. :roll:

Don't worry, my respect for you is henceforth restored.

 

[posts from hell]

Just curious - what does everyone think of the quote by Hu saying that the dollar base is a product of the past..

 

[posts from hell]

You plainly stated that my argument was flawed because I claimed Jefferson supported the national debt when I did nothing of the sort. Now you're claiming you didn't do something you clearly did. You're begging the question. And lying, and showing your generally manipulative self.

The negotiations and compromises worked out between Hamilton, Jefferson, and Madison is what led to the national debt and the federal reserve. This is why I referred the two posters (and not you, btw) I quoted to that area of our history. That was the extent of my argument. It's what has made America as strong and powerful as it is.

Alright.... heh.

(edit: post 43 says it all....)

 

[posts from hell]

:roll:

I understand you have to support your man, but hey, when he's in the wrong - at least hear others out as well. Jiro and I saw the same thing. Alex is not addressing it. I don't know whats the big deal is.

Remember the thing about Commersons article? I took his feedback and gave that to Commerson. This thing is the exact same thing, but the roles are reversed. At least I was productive about it. I'm not sure what his objective is with name calling.

Just merely pointing that out, and he can't take it.