talking like a true republican now...


and more people than ever have already done just that..

I'm just following the logic at hand

if high debt is proof something 'doesn't work'


conversely


low debt must prove something 'does work'

unless debt is just one of a list of things to consider when determining what 'works',,,but that's not extreme enough,,,lol

obarry's debt is more all the other presidents combined... and you think it works?

Low debt can mean that no one will loan you money too.

yea, i keep running into that problem, being too credit worthy...

which 'it' are you referring to?


what 'works' fiscally speaking is bringing in (adding) more than you spend (subtract)


the details of how that simple sounding solution actually should be implemented



is a much more complex discussion of BALANCE within the economic and political systems


we could just duplicate economies where there is little or negative debt,,,,assuming that their system 'works',,,but that would be makin an error of creating an entire country where the only focus or concern is the money and not rights and standards of living

i see that liberals and wannabe socialists doesn't understand economics... 19 trillion dollars in debt... 8 trillion when obarry came into office, 8 years ago... thats +11 trillion dollars more in debt than when he started... so if when your liberal president spends more than he makes, what happens to your balance?


is this you typing this crap? or is your son hacking you ID on here? that sounds like something a 13 year old would write... if you earn 40,000 a year, do you spend 300,000 a year? is that your balance?

no, actually I do understand


the fiscal year runs from October of the previous year to the final day of September in the following year'

when Obama took over the budget, fiscal year 2010, which would start in September of 2009 the debt was actually nearly 12 trillion (the debt on his first day up until the first day of HIS budget was not a result of his administration or his efforts, as they were rsulting from the budget for fiscal year 2009)

although extremism does call for people to look for the laziest connection possible, that the budget was under this presidents control and the presidents control only from day one and all falls on his shoulders from day one,,,





and no, balance would mean if you earn forty you don't spend more than forty,, that's basic math,, at any grade level or age


which was my point about focusing on the debt and the 'solution' to the budget




the more you buy , the more you owe,, credit is a downfall for many individuals and countries,, receiving something now that you will pay for later



mortgages are one such example,, the house cost 200 grand which you agree to pay for in increments with interest over time,,that unpaid portion is considered debt,, something owed,, even though you may be paying it on time'


deficit is more of a running tab of how we are paying on our debts,,which has been cut down significantly since fy 2009, btw


but that's too involved for schoolyard type , name calling , debates

maybe you and obarry should let people that understand economics worry about budgets then...liberals and socialists don't seem to be able to...

and who are the certified economists on mingle ?

and who brought up the economy, ie, the 'debt',,,in the first place?

certified? how certified does anyone need to be to understand not to spend more than you make?

so now we are talking about the deficit,, which is how much you spend in a year vs how much you earned

and that has been steadily decreasing since FY 2009


economics is complex, which is why the budget is as well and why focusing simply on 'debt' in a discussion of what is 'working' is a logical error

it's really not that complex... don't spend more than you make... is that complicated to you? i really don't know what point you're trying make here...do you have a couple of bottles of wine next to your computer tonight? hint - if the government didn't spend more than they make, we wouldn't be 19 TRILLION dollars in debt... with any president

no, I don't drink

but you did offer a refutal to whether our government is 'working' by focusing solely on the 'debt' as verification


I just continue to respond to the refutal being offered, with some logic and explanation, which is clearly a mistake




lets leave it,,,,

Whew!

Examples of the one percent ... Bill and Hillery Clinton

they don't spend more than what they make of their own money, only the governments money...

Every dollar printed, minted, or produced comes with debt attached.

So even if you paid back every dollar in existence you would still owe debt!

So tell me the bankers didn't make a nice deal for themselves in 1913 when they took control of printing the nations money. Print it from thin air, charge interest to put it in circulation, and penalties for late payment, use, transactions, loans and every other movement in it life. Damn what a sweet deal!

Anyone know what the interest is on $20 Trillion?

North or South Africa? Big difference you know!

ALL of the following references would have a major issue in the interpretations & definitions being bandied about in regard to the economy & politics on this thread.*Shrugs* Really, but "What Do They Know?!?" Just another insidious bunch of dumb terrorist commie-socialists trying to spread more anti-american propaganda & lies;}
*
The Truth About the Economy
https://www.youtube.com/watch?v=JTzMqm2TwgE
Robert Reich connects the dots on the economy,
in less than 2 minutes and 15 seconds.
Who knew he could draw!?!
ROBERT B. REICH is Chancellor’s Professor of Public Policy at the University of California at Berkeley and Senior Fellow at the Blum Center for Developing Economies. He served as Secretary of Labor in the Clinton administration, for which Time Magazine named him one of the ten most effective cabinet secretaries of the twentieth century. He has written fourteen books, including the best sellers “Aftershock, “The Work of Nations," and"Beyond Outrage," and, his most recent, "Saving Capitalism." He is also a founding editor of the American Prospect magazine, chairman of Common Cause, a member of the American Academy of Arts and Sciences, and co-creator of the award-winning documentary, INEQUALITY FOR ALL.
*
"The Men Who Crashed The World"
https://www.youtube.com/watch?v=JYTyluv4Gws
Uploaded on Sep 25, 2011
The first of a four-part investigation into a world of greed and recklessness that led to financial collapse.
In the first episode of Meltdown, we hear about four men who brought down the global economy: a billionaire mortgage-seller who fooled millions; a high-rolling banker with a fatal weakness; a ferocious Wall Street predator; and the power behind the throne.
The crash of September 2008 brought the largest bankruptcies in world history, pushing more than 30 million people into unemployment and bringing many countries to the edge of insolvency. Wall Street turned back the clock to 1929.But how did it all go so wrong?Lack of government regulation; easy lending in the US housing market meant anyone could qualify for a home loan with no government regulations in place.Also, London was competing with New York as the banking capital of the world. Gordon Brown, the British finance minister at the time, introduced 'light touch regulation' - giving bankers a free hand in the marketplace.All this, and with key players making the wrong financial decisions, saw the world's biggest financial collapse.
*
Socialism For Dummies.Part 1
Richard D. Wolff
https://www.youtube.com/watch?v=ysZC0JOYYWw
Academic positions
Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City. He also teaches classes regularly at the Brecht Forum in Manhattan.
Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973). In 1994, he was a Visiting Professor of Economics at the University of Paris (France), I (Sorbonne).
*
Socialism For Dummies - part 2
https://www.youtube.com/watch?v=HMUuw_K-ky0
*
Intellectual Noam Chomsky endorses Bernie Sanders for President
https://www.youtube.com/watch?v=AYJAkm1kiCE
Noam Chomsky is an American linguist, philosopher, cognitive scientist, logician, political commentator, social justice activist, and anarcho-syndicalist advocate. Bernard "Bernie" Sanders is an American politician and the junior United States Senator from Vermont. He is running as a democrat in the 2016 U.S. Presidential race.Chomsky first announced his endorsement last March on twitter (before Bernie Sanders announced that he is running for president in April.) He said, "I could endorse him in the limited way I've sometimes endorsed political candidates whose views I generally agree with. In safe states, makes good sense to vote for them. In swing states it's a more complex situation, for familiar reasons that can't be ignored. The candidacy, if announced, could be done so as to address that question." http://imgur.com/WC2RW9T
In May of 1985, then-Mayor Bernie Sanders of Burlington, Vermont brought Noam Chomsky to talk about the U.S. military intervention in Latin America. As Sanders introduced Chomsky he said, “At a time when many intellectuals…find it more comfortable to be silent and to go with the flow as it were, it is comforting to find on occasion individuals who have the guts to speak out about the important issues of our time, and certainly Professor Chomsky has been the person to do it.” Watch Bernie Sanders introduce Noam Chomsky in this lecture
*
Richard Wolff: On Bernie Sanders and Socialism
https://www.youtube.com/watch?v=IhH-PWjR3b0
This week: On Sanders and Socialism. Is socialism still an American taboo? Not so much, says professor Richard Wolff; nor was it in the past, says Nation columnist John Nichols. Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, and a Visiting Professor in the Graduate Program in International Affairs at the New School University in New York City. He has authored or co-authored more than a dozen books, including his most recent; Capitalism’s Crisis Deepens: Essays on the Global Economic Meltdown 2010- 2014, and he hosts the weekly Economic Update podcast. John Nichols' many books include The "S" Word: A Short History of an American Tradition...Socialism, and, most recently, Dollarocracy: How the Money-and-Media-Election Complex is Destroying America. This episode also features an commentary from Laura on renaming capitalism.
*
Economic Inequality: It’s Far Worse Than You Think
The great divide between our beliefs, our ideals, and reality
By Nicholas Fitz on March 31, 2015
http://www.scientificamerican.com/article/economic-inequality-it-s-far-worse-than-you-think/
*
80% of Americans own an unbelievably small portion of the country's wealth
It turns out that Americans severely underestimate the gap between the rich and the rest of the population.
http://www.businessinsider.com/inequality-in-the-us-is-much-more-extreme-than-you-think-2015-6
*
Here's The Biggest Problem In The American Economy
http://www.businessinsider.com/heres-the-problem-with-our-economy-2012-9#ixzz2MayE5A3a
*
Sen. Bernie Sanders slams the NDAA on the Senate Floor --
cites bloated military and out of control intelligence
spending as reasons for his "no" vote.
Watch his speech and read the transcript at the link.
http://ronpaulinstitute.org/archives/congress-alert/2013/december/21/sen-bernie-sanders-exposes-bloated-military-and-intelligence-spending.aspx
*