Register | Sign In


Understanding through Discussion


EvC Forum active members: 65 (9162 total)
7 online now:
Newest Member: popoi
Post Volume: Total: 915,815 Year: 3,072/9,624 Month: 917/1,588 Week: 100/223 Day: 11/17 Hour: 0/0


Thread  Details

Email This Thread
Newer Topic | Older Topic
  
Author Topic:   Social Unrest?
crashfrog
Member (Idle past 1466 days)
Posts: 19762
From: Silver Spring, MD
Joined: 03-20-2003


(1)
Message 106 of 109 (638703)
10-24-2011 11:22 PM
Reply to: Message 104 by Taq
10-24-2011 8:39 PM


Re: The sobering reality
Federal debt is similar to gasoline. I can lose money in gasoline to fuel my tractor. I can then use this tractor to harvest a field. The profits from the sale of the goods will far outweigh the money I lost in gasoline. Is that a fair comparison?
Right. Except imagine that the gas station is having a promotion where they're handing out free gasoline. Doesn't it make even more sense right now to be running your tractor, harvesting all the fields you can? Especially since you have fields and fields of crop just sitting there? (I.e, massive unemployment and idle factories?)

This message is a reply to:
 Message 104 by Taq, posted 10-24-2011 8:39 PM Taq has not replied

Replies to this message:
 Message 108 by Phat, posted 11-05-2011 9:27 AM crashfrog has not replied

  
Phat
Member
Posts: 18262
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.1


Message 107 of 109 (639904)
11-04-2011 6:45 PM
Reply to: Message 15 by frako
10-18-2010 12:13 PM


Invest In Americans
Frako writes:
would you given only 2 possible options pay a Mexican 70$ to mow your lawn, or 100$ to an American. these are the only 2 options and you do not know anyone of them personalty.
I would pay the American, and here is why. Note this statistic:
Here's a quick and fascinating breakdown by total amount held and percentage of total U.S. debt, according to Business Insider:
Hong Kong: $121.9 billion (0.9 percent)
Caribbean banking centers: $148.3 (1 percent)
Taiwan: $153.4 billion (1.1 percent)
Brazil: $211.4 billion (1.5 percent)
Oil exporting countries: $229.8 billion (1.6 percent)
Mutual funds: $300.5 billion (2 percent)
Commercial banks: $301.8 billion (2.1 percent)
State, local and federal retirement funds: $320.9 billion (2.2 percent)
Money market mutual funds: $337.7 billion (2.4 percent)
United Kingdom: $346.5 billion (2.4 percent)
Private pension funds: $504.7 billion (3.5 percent)
State and local governments: $506.1 billion (3.5 percent)
Japan: $912.4 billion (6.4 percent)
U.S. households: $959.4 billion (6.6 percent)
China: $1.16 trillion (8 percent)
The U.S. Treasury: $1.63 trillion (11.3 percent)
Social Security trust fund: $2.67 trillion (19 percent)
So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.
In order to pay back the social security trust fund so that we can retire, we need to invest in US labor and get US citizens to be productive enough to help pay back the debt.
Edited by Phat, : fixed color

This message is a reply to:
 Message 15 by frako, posted 10-18-2010 12:13 PM frako has not replied

Replies to this message:
 Message 109 by Jon, posted 11-05-2011 11:12 AM Phat has not replied

  
Phat
Member
Posts: 18262
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.1


Message 108 of 109 (639957)
11-05-2011 9:27 AM
Reply to: Message 106 by crashfrog
10-24-2011 11:22 PM


Re: The sobering reality
The problem in part, as I see it, is that Republicans are willing to create lower paying jobs even as they lay off the higher priced workers. Its almost as if there was a wage bubble...yet inflation has eaten up much of that bubble.
At the grocery store that I work at, top wage was $15.00 an hour fifteen years ago, and just $17.00 today. The corporations, however, want to pay around ten dollars an hour max...and are giving new job opportunities to desperate people scarred by the recession.

This message is a reply to:
 Message 106 by crashfrog, posted 10-24-2011 11:22 PM crashfrog has not replied

  
Jon
Inactive Member


Message 109 of 109 (639966)
11-05-2011 11:12 AM
Reply to: Message 107 by Phat
11-04-2011 6:45 PM


Re: Invest In Americans
In order to pay back the social security trust fund so that we can retire, we need to invest in US labor and get US citizens to be productive enough to help pay back the debt.
There is already enough money running through the system to fix Social Security; we simply need to actually tax all of that money and not just some of it.
Jon

Love your enemies!

This message is a reply to:
 Message 107 by Phat, posted 11-04-2011 6:45 PM Phat has not replied

  
Newer Topic | Older Topic
Jump to:


Copyright 2001-2023 by EvC Forum, All Rights Reserved

™ Version 4.2
Innovative software from Qwixotic © 2024