Quote:Surging debt and inflationary deficits hurt the economy, but there's much more to it. The federal government is bankrupting America's children.

A child born today has an $82,590 share of the national debt.

By the time he or she turns 18 and can vote, it will be $143,964.

By age 30, $209,707.

That means several thousand dollars of interest payments every year for every citizen.

This debt isn't being racked up for the purpose of building valuable infrastructure. It mostly funds current consumption. And thanks to inflation, the real value of that consumption isn't even what it used to be.

The solution is cutting deficit spending as quickly as possible. Would mean less inflation, relatively lower interest payments, and eventually Congress stops stealing from future generations.

We as a nation have lived with make-believe budgets for over 60 years. Budgets defined by what we want, regardless of what we can afford. I don’t know exactly when or where the music will stop, but every lesson of history and human experience teaches that America will — sooner or later, one way or another — have to deal with this. Selfishly, I just hope I’m not around when that happens.

Just tax the rich... right?

lol. Want to stop asylum seekers? Hand them their $82,590 share of the bill due upon entry and the granting of asylum.

(04-05-2024 11:35 AM)Native Georgian Wrote:  We as a nation have lived with make-believe budgets for over 60 years. Budgets defined by what we want, regardless of what we can afford. I don’t know exactly when or where the music will stop, but every lesson of history and human experience teaches that America will — sooner or later, one way or another — have to deal with this. Selfishly, I just hope I’m not around when that happens.

I’m different. I want to get to watch everyone else be miserable. I like seeing the looks people have when they realize they are screwed and there is nothing they can about it.

I know everyone will try to put the blame on every generation before them, and there will be lots of “theories” about how we got like this, and that is part of the fun. Even the final people around who literally pushed us all over the edge will be unable to admit any fault.

The people with the least to lose will all likely enjoy hearing peoples sob stories and all the bltching and moaning. I know I will.

Great time to cut revenues

(04-05-2024 01:09 PM)Marc Mensa Wrote:  Great time to cut revenues

Your side would rather cut into medicare.

(04-06-2024 06:53 AM)TigerBlue4Ever Wrote:  

(04-05-2024 01:09 PM)Marc Mensa Wrote:  Great time to cut revenues

Your side would rather cut into medicare.

My side would rather bump taxes & save Medicare & Social Security. It’s clear the % of gdp brought in as federal tax revenues has dropped, just as SS & Medicare expenditures have increased.

(04-05-2024 11:35 AM)Native Georgian Wrote:  We as a nation have lived with make-believe budgets for over 60 years. Budgets defined by what we want, regardless of what we can afford. I don’t know exactly when or where the music will stop, but every lesson of history and human experience teaches that America will — sooner or later, one way or another — have to deal with this. Selfishly, I just hope I’m not around when that happens.

That ... every bit of That ... That is why losing the '20 election meant so much more than one guy vs. another...

I don't know if anyone here has ever gone broke more than once and recovered ... the next collapse ain' be one of those stories in the recovery category...

if ya haven't figgled out why muh open borders and mr. green jeans by now, one never had a fk'n chance to begin with...


@canYa #Ican


















y'all ain' seen shite, yet!

(04-05-2024 12:53 PM)Todor Wrote:  

(04-05-2024 11:35 AM)Native Georgian Wrote:  We as a nation have lived with make-believe budgets for over 60 years. Budgets defined by what we want, regardless of what we can afford. I don’t know exactly when or where the music will stop, but every lesson of history and human experience teaches that America will — sooner or later, one way or another — have to deal with this. Selfishly, I just hope I’m not around when that happens.

I’m different. I want to get to watch everyone else be miserable. I like seeing the looks people have when they realize they are screwed and there is nothing they can about it.

I know everyone will try to put the blame on every generation before them, and there will be lots of “theories” about how we got like this, and that is part of the fun. Even the final people around who literally pushed us all over the edge will be unable to admit any fault.

The people with the least to lose will all likely enjoy hearing peoples sob stories and all the bltching and moaning. I know I will.

this is where we differ (yeah, even as A-theist and @theSadist)...

it's not proper in any category of sig line 3 to wake up and wish harm upon any ... however, (there's always one, Ja?!), it's why sig lines 4, 5, and 6 that became the acceptable consequence of our species over time as we know such...

from redesigning $$$ to controlling gen pop at the largest scale, this planet is long overdue to a mass correction....

(04-06-2024 08:21 AM)Marc Mensa Wrote:  

(04-06-2024 06:53 AM)TigerBlue4Ever Wrote:  

(04-05-2024 01:09 PM)Marc Mensa Wrote:  Great time to cut revenues

Your side would rather cut into medicare.

My side would rather bump taxes & save Medicare & Social Security.

Until “your side” is willing to *Cut* *Spending*, Medicare & Social Security — and all the other government-funded pensions, goodies and handouts, too — will be in danger.

Just in the ~35 years or so since I started to pay attention, there has never been one instance where Democrats were willing to address that at the national level. Their typical response has been to attack anyone who tried to bring it up.

(04-05-2024 12:53 PM)Todor Wrote:  

(04-05-2024 11:35 AM)Native Georgian Wrote:  We as a nation have lived with make-believe budgets for over 60 years. Budgets defined by what we want, regardless of what we can afford. I don’t know exactly when or where the music will stop, but every lesson of history and human experience teaches that America will — sooner or later, one way or another — have to deal with this. Selfishly, I just hope I’m not around when that happens.

I’m different. I want to get to watch everyone else be miserable. I like seeing the looks people have when they realize they are screwed and there is nothing they can about it.

I know everyone will try to put the blame on every generation before them, and there will be lots of “theories” about how we got like this, and that is part of the fun. Even the final people around who literally pushed us all over the edge will be unable to admit any fault.

The people with the least to lose will all likely enjoy hearing peoples sob stories and all the bltching and moaning. I know I will.

Tell me you are a gigantic piece of sh*t without telling me you are a gigantic piece of sh*t. Hopefully in that scenario the hordes come and kill you and your family first for being such obvious pieces of sh*t.

(04-06-2024 10:07 AM)Native Georgian Wrote:  

(04-06-2024 08:21 AM)Marc Mensa Wrote:  

(04-06-2024 06:53 AM)TigerBlue4Ever Wrote:  

(04-05-2024 01:09 PM)Marc Mensa Wrote:  Great time to cut revenues

Your side would rather cut into medicare.

My side would rather bump taxes & save Medicare & Social Security.

Until “your side” is willing to *Cut* *Spending*, Medicare & Social Security — and all the other government-funded pensions, goodies and handouts, too — will be in danger.

Just in the ~35 years or so since I started to pay attention, there has never been one instance where Democrats were willing to address that at the national level. Their typical response has been to attack anyone who tried to bring it up.

Okay great, we can start with cutting the quickly approaching 1 trillion a year pentagon budget. Hell since you guys always ask "how do you pay for it" the fact they've never once (and never will) pass an audit seems like a great reason to drastically cut their funding until they can tell us where there money is going.

(04-06-2024 10:25 AM)b0ndsj0ns Wrote:  Okay great, we can start with cutting the quickly approaching 1 trillion a year pentagon budget. Hell since you guys always ask "how do you pay for it" the fact they've never once (and never will) pass an audit seems like a great reason to drastically cut their funding until they can tell us where there money is going.

The Pentagon is not the problem. If we spent zero on defense we would still have a trillion dollar deficit.

Actually it is a problem in a way. Just like everything else in Washington, DC, it is grossly overloaded with inefficient administration and overhead at the top. There is a reason why the top three counties for household income in the USA--and 7 of the top 12--are in the DC metro area, and that reason ain't because they are producing anything of value.

We could probably balance the budget by cutting out the unnecessary and often counterproductive administrative bloat at the top of every federal agency. But if you even suggest that, the the Strzoks and Brennans and Mayorkases of the world and their cronies will set about to destroy you, because you are crapping on their gravy trains. And thanks to things like the patRIOT act, they have the tools to do so.

One reason that I have proposed things like Bismarck health care and a universal basic income (UBI) based on either Milton Friedman's negative income tax (NIT) or the Boortz-Linder prebate/prefund is because those systems basically run themselves with little or no admin overhead. You could probably run both with about 10% overhead, whereas most federal programs are up to 75% overhead. You would provide more benefits to more people, particularly both the truly needy and the folks who want to produce their way off the welfare plantation, for less total cost.

(04-06-2024 10:25 AM)b0ndsj0ns Wrote:  

(04-06-2024 10:07 AM)Native Georgian Wrote:  Until “your side” is willing to *Cut* *Spending*, Medicare & Social Security — and all the other government-funded pensions, goodies and handouts, too — will be in danger.

Just in the ~35 years or so since I started to pay attention, there has never been one instance where Democrats were willing to address that at the national level. Their typical response has been to attack anyone who tried to bring it up.

Okay great, we can start with cutting the quickly approaching 1 trillion a year pentagon budget. Hell since you guys always ask "how do you pay for it" the fact they've never once (and never will) pass an audit seems like a great reason to drastically cut their funding until they can tell us where there money is going.

LOL, I’m not opposed to that.

But fair warning: the key word in your comment is “start”. As long as your cut-spending agenda only touches the Pentagon, Langley, FBI, etc., you’re just rearranging deck chairs on the Titanic.

(04-06-2024 10:07 AM)Native Georgian Wrote:  

(04-06-2024 08:21 AM)Marc Mensa Wrote:  

(04-06-2024 06:53 AM)TigerBlue4Ever Wrote:  

(04-05-2024 01:09 PM)Marc Mensa Wrote:  Great time to cut revenues

Your side would rather cut into medicare.

My side would rather bump taxes & save Medicare & Social Security.

Until “your side” is willing to *Cut* *Spending*, Medicare & Social Security — and all the other government-funded pensions, goodies and handouts, too — will be in danger.

Just in the ~35 years or so since I started to pay attention, there has never been one instance where Democrats were willing to address that at the national level. Their typical response has been to attack anyone who tried to bring it up.

The population shift & aging boomer population was always going to strain SS & Medicare. Al Gore spoke in terms of creating a “lock box” for budget surplus’ accrued while boomers were working & in their prime & George Bush immediately cut taxes & those surplus’ vanished.

Republicans don’t give a squirt of piss about deficits & debt.

Limit itemized deductions to 3 times the standard deduction (currently $14,600 for a single filer or $29,200 for a married couple fining jointly). This adds hundreds of billions of dollars in new revenue.

Get rid of the corporate income tax and replace it with a gross receipts tax. As inflation happens, raise the tax rate by the inflation rate For example if the initial tax rate is 4%, and there is 3% inflation, the new tax rate becomes 4.12%.

Cut all discretionary spending by 5% annually until a surplus is achieved.

(04-06-2024 11:35 AM)Marc Mensa Wrote:  

(04-06-2024 10:07 AM)Native Georgian Wrote:  Until “your side” is willing to *Cut* *Spending*, Medicare & Social Security — and all the other government-funded pensions, goodies and handouts, too — will be in danger.

Just in the ~35 years or so since I started to pay attention, there has never been one instance where Democrats were willing to address that at the national level. Their typical response has been to attack anyone who tried to bring it up.

The population shift & aging boomer population was always going to strain SS & Medicare. Al Gore spoke in terms of creating a “lock box” for budget surplus’ accrued while boomers were working & in their prime & George Bush immediately cut taxes & those surplus’ vanished.

Republicans don’t give a squirt of piss about deficits & debt.

Deflect all you want.

And I don’t claim that Bush or the GOP comes to the table with clean hands.

The fact remains that until we as a nation come to grips with the need to cut domestic spending, our fiscal destiny is the equivalent of United 93.

(04-06-2024 11:50 AM)Native Georgian Wrote:  

(04-06-2024 11:35 AM)Marc Mensa Wrote:  

(04-06-2024 10:07 AM)Native Georgian Wrote:  Until “your side” is willing to *Cut* *Spending*, Medicare & Social Security — and all the other government-funded pensions, goodies and handouts, too — will be in danger.

Just in the ~35 years or so since I started to pay attention, there has never been one instance where Democrats were willing to address that at the national level. Their typical response has been to attack anyone who tried to bring it up.

The population shift & aging boomer population was always going to strain SS & Medicare. Al Gore spoke in terms of creating a “lock box” for budget surplus’ accrued while boomers were working & in their prime & George Bush immediately cut taxes & those surplus’ vanished.

Republicans don’t give a squirt of piss about deficits & debt.

Deflect all you want.

And I don’t claim that Bush or the GOP comes to the table with clean hands.

The fact remains that until we as a nation come to grips with the need to cut domestic spending, our fiscal destiny is the equivalent of United 93.

Its no deflection. We’ve cut revenues and now we’re looking to cut SS & Medicare to cover the shortfall. Starve the beast… right?

Revenues used to run 17-18% of GDP… after the Bush & Trump cuts, they’re running at 15 of GDP%. We need to raise taxes, not cut SS & Medicare.

(04-06-2024 11:19 AM)Native Georgian Wrote:  

(04-06-2024 10:25 AM)b0ndsj0ns Wrote:  

(04-06-2024 10:07 AM)Native Georgian Wrote:  Until “your side” is willing to *Cut* *Spending*, Medicare & Social Security — and all the other government-funded pensions, goodies and handouts, too — will be in danger.

Just in the ~35 years or so since I started to pay attention, there has never been one instance where Democrats were willing to address that at the national level. Their typical response has been to attack anyone who tried to bring it up.

Okay great, we can start with cutting the quickly approaching 1 trillion a year pentagon budget. Hell since you guys always ask "how do you pay for it" the fact they've never once (and never will) pass an audit seems like a great reason to drastically cut their funding until they can tell us where there money is going.

LOL, I’m not opposed to that.

But fair warning: the key word in your comment is “start”. As long as your cut-spending agenda only touches the Pentagon, Langley, FBI, etc., you’re just rearranging deck chairs on the Titanic.

this is why it's unrecoverable....

we're now gens deep into a societal imabalance and unparralleled tech..

if'n youse be old, don't shite your pants and realize you hit the pinnacle of our species ... that was a given when I was born...

there is no friction on the this downhill slide back to serfdom........

lmmfao at those that actually believed in sustainability and those horseman folky thingys (sorry, boys ... can't lie to thine!)