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jlisenbe · Dec 19, 2019, 08:11 AM

Perhaps the best way to erase the National Debt: Tell the ChiComs to go burn their atheistic arses in hell and refuse to make any more payments on their loans to us!

That's the worst idea you have ever come up with. Our financial standing in the world would be irrecoverably devastated.

Vac, if you want this military machine we have, then tell us how to pay for it. That's what adults do. I don't go out and buy a couple of BMW's on credit and then tell my wife, "It's no problem. I borrowed the money."

Vac, I understand your desire for a strong military and I agree with it, but we have far, far more than what we need to simply defend ourselves. Think about what you're saying. First of all, how would China get that invasion force here? It would take at least several hundred thousand men with all of their equipment, airpower, and so forth. What size fleet would that require? How many hundreds or thousands of ships? It would make the Normandy landing look like a small operation. We could cut our military by 10 or 20 percent and still have great power to defend ourselves. We need to tell the rest of the world that we are not going to go bankrupt so we can keep a military presence in every little corner of the world. They don't respect us anyway. Do you think they are grateful for what we do? Israel is, but besides them the rest of the world delights in disparaging us at every turn.

talaniman · Dec 19, 2019, 08:28 AM

Not so fast JL, you can't buy savings bonds if there is no debt to trigger the sale of them. You trying to bankrupt us or something?

jlisenbe · Dec 19, 2019, 08:29 AM

Not so fast JL, you can't buy savings bonds if there is no debt to trigger the sale of them. You trying to bankrupt us or something?

I hope you mean that as a joke.

talaniman · Dec 19, 2019, 10:19 AM

Not really since given the history of savings bonds they can be sold in perpetuaty at variable interest rates and discounts safely with low risks. You may ENJOY reading these opinion pieces.

jlisenbe · Dec 19, 2019, 10:50 AM

So we should spend ourselves into oblivion so people can buy savings bonds? I don't think that's a good idea. There are many great places right now to invest. Treasury bonds are returning something like 2%, aren't they?

talaniman · Dec 19, 2019, 11:23 AM

Depends on which one you buy.

Vacuum7 · Dec 19, 2019, 11:39 AM

jlisenbe: I don't have the answers I seek or the ones you seek.....I d know that we cannot fall behind TECHNOLOGICALLY, that's the line we cannot cross. Maybe we have to become more like Israel's Defense Force: Lean but strong.....but that would mean we seal our borders up and mean it...no tears, no mercy, and the leftist would go crazy because that would mean that their voter farming would begin to dry up.

jlisenbe · Dec 19, 2019, 11:55 AM

Maybe we have to become more like Israel's Defense Force: Lean but strong.....but that would mean we seal our borders up and mean it...no tears, no mercy, and the leftist would go crazy because that would mean that their voter farming would begin to dry up.

I could go along with that.

Tal, you're going to invest your money at 2.3% for 30 years???

talaniman · Dec 19, 2019, 12:50 PM

Originally Posted by Vacuum7

jlisenbe: I don't have the answers I seek or the ones you seek.....I d know that we cannot fall behind TECHNOLOGICALLY, that's the line we cannot cross. Maybe we have to become more like Israel's Defense Force: Lean but strong.....but that would mean we seal our borders up and mean it...no tears, no mercy, and the leftist would go crazy because that would mean that their voter farming would begin to dry up.

Judging from the dufus southern border strategy you're already there and dems ain't going nowhere but against you.

Originally Posted by jlisenbe

I could go along with that.

Tal, you're going to invest your money at 2.3% for 30 years???

NO! Just pointing out it's a low risk safe bet not a wealth maker. I buy them as graduation gifts honestly, not as a long-term strategy.

Vacuum7 · Dec 19, 2019, 01:34 PM

HA, HA: Nobody cares about Trump's Impeachment! WALL STREET IS SETTING RECORDS AGAIN TODAY! ECONOMY IS BOOMING! TRUMP WINS, EVEN WHEN YOU THINK HE'S LOST!

paraclete · Dec 19, 2019, 02:16 PM

Yes the non-event of the century

talaniman · Dec 19, 2019, 03:20 PM

Originally Posted by Vacuum7

HA, HA: Nobody cares about Trump's Impeachment! WALL STREET IS SETTING RECORDS AGAIN TODAY! ECONOMY IS BOOMING! TRUMP WINS, EVEN WHEN YOU THINK HE'S LOST!

Rich guys getting richer is news? How's YOUR paycheck boomed?

paraclete · Dec 19, 2019, 03:51 PM

Are you wainting for that tricle down well maybe some jobs happened the money had to go somewhere

jlisenbe · Dec 19, 2019, 04:33 PM

maybe some jobs happened the money had to go somewhere

Maybe? Really?

talaniman · Dec 19, 2019, 05:35 PM

4.7 was the unemployment rate when Obama left
3.5 is the current rate after 3 years of the dufus and the tax cuts for rich guys.
1.2 is the difference between the two. Hmm, what am I missing here?

paraclete · Dec 19, 2019, 06:20 PM

The theory; give the rich guys a break and they will create jobs, noone believed it, but maybe if you give them enough.......look at that, a tax led recovery, or just maybe when you take the brakes off....

jlisenbe · Dec 19, 2019, 06:48 PM

4.7 was the unemployment rate when Obama left
3.5 is the current rate after 3 years of the dufus and the tax cuts for rich guys.
1.2 is the difference between the two. Hmm, what am I missing here?

You failed to mention that the UE figures are historically low.

The theory; give the rich guys a break

The same ones who pay 86% of the income taxes?

talaniman · Dec 19, 2019, 06:57 PM

Repubs have always believed in supply side economics, AKA Reagonomics, trickledown economics. The recovery was over years ago, and as the tax cuts wind through the economy it did bolster Big Biz as they bought all their outstanding stocks back and are flush with cash, while wages barely keep pace with inflation and prices are steadily rising. Unemployment is low and has been so why are wages sluggish even as states have raised their minumum wages?

As I have been telling JL, Corporate tax rates are nearly zero after lowering the official rate to 21%, and few pay more than 10%, so exactly what is trickling down to workers? A very discriminating economics for a consumer driven economy, and those factories haven't comeback. So you ask Big Biz about the wage gains. They surely can't use taxes are to high as an excuse, nor the cost of labor.

You want to take the brakes off? Circulate the capital to more people.

Originally Posted by jlisenbe

You failed to mention that the UE figures are historically low.

The same ones who pay 86% of the income taxes?

Which for some reason hasn't translated to better wages...WHY? And the deficit is out of control.

jlisenbe · Dec 19, 2019, 07:14 PM

Which for some reason hasn't translated to better wages...WHY? And the deficit is out of control.

Wages have been steadily rising since 2010. The deficit was out of control from the beginning of Obama's years and every since then.

talaniman · Dec 19, 2019, 08:16 PM

You are factually correct but the size of that wage growth as compared to prices is what we are talking about.

From 3rd link

"But despite the strong labor market, wage growth has lagged economists’ expectations*. In fact, despite some ups and downs over the past several decades, today’s real average wage (that is, the wage after accounting for inflation) has about the same purchasing power it did 40 years ago. And what wage gains there have been have mostly flowed to the highest-paid tier of workers."

*"The average hourly wage paid to a key group of American workers has fallen from last year when accounting for inflation, as an economy that appears strong by several measures continues to fail to create bigger paychecks, the federal government said Tuesday."