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Originally Posted by KillerK
So because of fear of people losing jobs we should borrow more money so more people can get work?
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No you should be paying more taxes. Stop voting for people promising tax cuts, that will mean your children picking up the debt on. Go calculate the unemployment rate by cutting the debt. It might give you an idea of how your theory will work.
Debt $16 trillion.
Reduce debt by $1,6 trillion a year over a 10 year period.
How many jobs will have to go to save $1.6 trillion a year?
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Originally Posted by sly
I'm buying a bigger car because I spent the last 10 years working 60 hours a week, pouring every penny into investments and projects, while neglecting living a decent life. No vacations. Few friends. Few luxuries. Little "fun", as others put it? (Although the joke is on them, because I love it.)
Damn straight Paul. I'm buying me a nice car. Going on a nice vacation. Eating great food. And hey, I'll probably take a friend along with me.
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And you deserve it.
But let's say you were doing this and it all went pear shaped because the Bankers, fucked your investments. Should you be thrown on the scrap heap.
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And yes, I'll fight paying more taxes to an inefficient, wasteful government every chance I get.
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You mean pay it to make sure more aren't thrown on the scrap heap. The Government doesn't keep your money, it shares it around and some of it ends back in your pockets. Unless you never sold anything to anyone who had no connection directly or indirectly with the Government purse. Which is pretty remote.
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It's a pity that you don't have enough money left and need to depend on your government. During your successful years, you should have saved or invested better. Depending on everyone else to take care of you when you grew old was a selfish, shameful, and pathetic move. You should have respected your daughter's generation better. Now she will grow up, bust her hump, and have little to show for it because she will need to drop dollar after dollar into taxes to pay for the older folks, like yourself, that were too selfish to prepare for their later lives.
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Nice delusion. Truth is I did save, I invested in very long term pensions which in 2008 when I saw this start, I cashed in and saved what I could at the height. Still get money from them and I actually pay taxes on my pensions. This year I got a tax rebate.
I'm not lumbering my daughters generation with massive debts. We pay the right taxes here. The reason for the huge debts is laid firmly at the feet of GW Bush. He cut taxes and spent like crazy. On wars. Deregulated the banks and then they crashed.
The reasons for the debt is plain. Politicians buying your votes with a promise of lower taxes. AND not stopping the spending. Bush started it, Obama is carrying it on and Romney is going to do nothing to change. you're being bribed with money your children will be repaying.