- Joined
- Nov 8, 2004
- Messages
- 2,555
- Age
- 42
- Location
- somewhere...
- Main Job
- Secondary Job
- Third Job
- Server
- Quetzalcoatl
- FFXI
- Dejavu
- FFXIV
- Won't play this game
Are you fucking kidding me what right or responsibility do we have to be "helping". Today we decided to shoot more than 112 cruise missiles into Libya and take out strategic targets officially getting us involved in our third useless conflict at the same time. Those missiles shot today cost 569,000 each meaning that we just tossed a minimum of 63million dollars at a problem that has no benefit let alone reason for the citizens of our own country. For some perspective 63 million dollars is 1% of that 6 billion in "deep spending cuts" the democrats proposed for the new budget.
That 6 billion in cuts is less than we spend in a single day and only 1.5 times what we borrow in a single day. How fucking hard is it to understand that the government is no different than a normal household. You have an income, It can go up or down depending on how well you are doing, you can borrow and spend more than you make but in the long term that will probably screw you because the interest will kill you. Of course the government does have that other option of turning on the printing press but oh god no we never do that... What do you mean that one of the main reasons for all of the unrest in the middle east is the price of food. Is it really true that one of the main reasons that the price of food is going up around the world is because there are just way too many dollars/euros out there in the world and the unfortunate countries that use foreign currencies are being screwed by those that can print them.
Putting more dollars in the game doesn't help anyone except those who are originally handed the dollars. Let me see if i can explain this in a way that everyone can understand. The economy is 100 people with 1000 items to buy and 10000 dollars in circulation. With this in mind the if each person had the same amount of money and intended to spend it on the price would be 10 each and every person would get 10 items. Now if the money supply doubled and again everyone got the same amount of money the price would be 20 each and each person would still get 2 items. But that is not the way inflation or the economy works. There are people with money and there are people without. Say of the 100 people you have 1 very wealthy 19 "middle class" and 80 getting by. That 10000 in circulation now each of the 80 getting by get 50 dollars, The 19 people in the middle class get 200 leaving the wealthy person with 2200. With the same number of items they will still be 10 each meaning the poor will get 5 the middle class 20 and the rich 220. Now lets double the money supply. Oh but wait when the money comes out it doesn't go everyone equally. Those who are poor may get a 20% raise but i really doubt it. But lets give it to them. The middle class they may be minimally invested they might get a 50% raise. Unlikely but possible. But the person who is already rich and heavily invested they are the ones who get all the new money. With the above after doubling the money supply the poor man now has a $60 check the middle class person now has a $300 dollar check and the rich person now has 9500. Now for what that can buy you. More money doesn't affect production so there are still 1000 items to buy, except now they are $20 each. With that being said now the poor person can only afford 3 items and the middle class people can only afford 15 but the rich is now able to buy 475. The number of dollars in your pocket doesn't matter it is the value they represent and what they can buy.
Inflation is the worst possible thing that can happen for the poor and middle class. Inflating the currency and ruining the purchasing power of the dollar is driving people to beg for handouts. It is no brain buster to see that since we have started inflating the money supply in this country the number of people on food stamps or other related programs has set a record every month.
With that in mind the most important thing that we need to do in this country is stop printing money and to get our spending in check. Honestly the most aggressive spending cuts proposed this year are only 500 billion dollars which is only 1/3 of the new debt we will create this year. That doesn't take into account our new adventure either. We need to have a serious spending discussion. Historically no matter how much you raise or lower taxes the average revenue from taxes in this country are 19% of GDP.
This means that at a minimum we need to get our spending plus the interest on our debt to this 19% but because i am feeling frisky i think that we should make that 18% so that that other 1% is going to pay off the debt so that we are not just floundering. According to the Google our GDP is 14.12T. 18% of that is 2.52T and using the current artificially low interest rates we would lose 200 billion due to interest on debt but if we use a more historical interest rate like the one in 2006 that interest charge would be closer to 600bil so for my purposes i choose to use that number. This means that our total budget for this year should be roughly 1.92T. With that being said next years budget is estimated to be 3.82T. Basically... half the government needs to disappear. And if we did have this magical 50% cut... we would still only pay a minuscule 200bil off of the national debt meaning it would probably still take about 25 years to pay the debt off.
Forget tax increases or tax cuts for a minute. Where are we going to cut 50% from spending. Everyone's pets must be hit with the axe because we need survival mode. Defense must again become defense... We stay within our own borders unless we are attacked, when we are attacked we declare war we go there and we finish things (sheet of glass if necessary), close all foreign bases, stop all foreign aid. Privatize social security and allow anyone who chooses to to opt out of it, raise the ages and requirements of it along with medicare/medicaid. Eliminate part d. Eliminate entire departments. DHS, CIA, ATF, NSA, FBI, education, labor, energy etc. Stop drug war and legalize prostitution and other victimless crimes. End all giveaway programs, food stamps, health care, housing. Privatize unemployment insurance, fannie and freddie. Legalize competing currencies within the united states and end the federal reserve in its current form.
With all of these cuts i bet we could make 50% but sadly it probably would take most of this stuff to even get close. If i am bored later i may actually do the figures and see if i can get spending to that level. Interesting enough to note... in 2001 the federal budget was only 1.9 trillion which at our current GDP we can afford. Can you name what else the government does now that warrants doubling the budget since then? And just don't say the war because the worst numbers i can find for that is that they cost us 500billion a year which still leaves 1.4 trillion that show no noticeable change.
That 6 billion in cuts is less than we spend in a single day and only 1.5 times what we borrow in a single day. How fucking hard is it to understand that the government is no different than a normal household. You have an income, It can go up or down depending on how well you are doing, you can borrow and spend more than you make but in the long term that will probably screw you because the interest will kill you. Of course the government does have that other option of turning on the printing press but oh god no we never do that... What do you mean that one of the main reasons for all of the unrest in the middle east is the price of food. Is it really true that one of the main reasons that the price of food is going up around the world is because there are just way too many dollars/euros out there in the world and the unfortunate countries that use foreign currencies are being screwed by those that can print them.
Putting more dollars in the game doesn't help anyone except those who are originally handed the dollars. Let me see if i can explain this in a way that everyone can understand. The economy is 100 people with 1000 items to buy and 10000 dollars in circulation. With this in mind the if each person had the same amount of money and intended to spend it on the price would be 10 each and every person would get 10 items. Now if the money supply doubled and again everyone got the same amount of money the price would be 20 each and each person would still get 2 items. But that is not the way inflation or the economy works. There are people with money and there are people without. Say of the 100 people you have 1 very wealthy 19 "middle class" and 80 getting by. That 10000 in circulation now each of the 80 getting by get 50 dollars, The 19 people in the middle class get 200 leaving the wealthy person with 2200. With the same number of items they will still be 10 each meaning the poor will get 5 the middle class 20 and the rich 220. Now lets double the money supply. Oh but wait when the money comes out it doesn't go everyone equally. Those who are poor may get a 20% raise but i really doubt it. But lets give it to them. The middle class they may be minimally invested they might get a 50% raise. Unlikely but possible. But the person who is already rich and heavily invested they are the ones who get all the new money. With the above after doubling the money supply the poor man now has a $60 check the middle class person now has a $300 dollar check and the rich person now has 9500. Now for what that can buy you. More money doesn't affect production so there are still 1000 items to buy, except now they are $20 each. With that being said now the poor person can only afford 3 items and the middle class people can only afford 15 but the rich is now able to buy 475. The number of dollars in your pocket doesn't matter it is the value they represent and what they can buy.
Inflation is the worst possible thing that can happen for the poor and middle class. Inflating the currency and ruining the purchasing power of the dollar is driving people to beg for handouts. It is no brain buster to see that since we have started inflating the money supply in this country the number of people on food stamps or other related programs has set a record every month.
With that in mind the most important thing that we need to do in this country is stop printing money and to get our spending in check. Honestly the most aggressive spending cuts proposed this year are only 500 billion dollars which is only 1/3 of the new debt we will create this year. That doesn't take into account our new adventure either. We need to have a serious spending discussion. Historically no matter how much you raise or lower taxes the average revenue from taxes in this country are 19% of GDP.
This means that at a minimum we need to get our spending plus the interest on our debt to this 19% but because i am feeling frisky i think that we should make that 18% so that that other 1% is going to pay off the debt so that we are not just floundering. According to the Google our GDP is 14.12T. 18% of that is 2.52T and using the current artificially low interest rates we would lose 200 billion due to interest on debt but if we use a more historical interest rate like the one in 2006 that interest charge would be closer to 600bil so for my purposes i choose to use that number. This means that our total budget for this year should be roughly 1.92T. With that being said next years budget is estimated to be 3.82T. Basically... half the government needs to disappear. And if we did have this magical 50% cut... we would still only pay a minuscule 200bil off of the national debt meaning it would probably still take about 25 years to pay the debt off.
Forget tax increases or tax cuts for a minute. Where are we going to cut 50% from spending. Everyone's pets must be hit with the axe because we need survival mode. Defense must again become defense... We stay within our own borders unless we are attacked, when we are attacked we declare war we go there and we finish things (sheet of glass if necessary), close all foreign bases, stop all foreign aid. Privatize social security and allow anyone who chooses to to opt out of it, raise the ages and requirements of it along with medicare/medicaid. Eliminate part d. Eliminate entire departments. DHS, CIA, ATF, NSA, FBI, education, labor, energy etc. Stop drug war and legalize prostitution and other victimless crimes. End all giveaway programs, food stamps, health care, housing. Privatize unemployment insurance, fannie and freddie. Legalize competing currencies within the united states and end the federal reserve in its current form.
With all of these cuts i bet we could make 50% but sadly it probably would take most of this stuff to even get close. If i am bored later i may actually do the figures and see if i can get spending to that level. Interesting enough to note... in 2001 the federal budget was only 1.9 trillion which at our current GDP we can afford. Can you name what else the government does now that warrants doubling the budget since then? And just don't say the war because the worst numbers i can find for that is that they cost us 500billion a year which still leaves 1.4 trillion that show no noticeable change.
