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Balancing The Budget In Layman's Terms [Pic]

Hits: 21985 | Rating: (3.3) | Category: News & Politics | Added by: lostinkorea
Page: 1 2 Next >   Jump to: Bottom    Last Post
Male, 30-39, Europe
 649 Posts
Tuesday, January 03, 2012 2:02:33 AM
Gee, if only we hadn't gone to Iraq and had policed the investment bankers instead. Where were all these balanced budget bitches when a white Republican was president?

Male, 30-39, Europe
 811 Posts
Saturday, December 31, 2011 8:51:40 PM
stupid stupid comparison, a countries budget isnt like a household budget never was and never will be but dont let fact get in the way of a stupid story idea

Male, 50-59, Western US
 36 Posts
Saturday, December 31, 2011 6:52:53 PM
Well when you're only bringing in 21 grand, saving 385 bucks is pretty good. He needs a better job that brings in something over the poverty wage.

Male, 18-29, Midwest US
 1597 Posts
Friday, December 30, 2011 7:00:42 PM
Having a bad day there, buddy?

The 'g*dd*mn churches' really don't have much money themselves, and I am with you about the taxing cannabis. But it seems like you don't really know much of what you are talking about at all, really. And as for the reply to Vimto, sorry friend, you're a pot calling the kettle black.

Hope everyone has a good weekend. -DS

Male, 18-29, Europe
 135 Posts
Friday, December 30, 2011 1:15:52 PM

Perhaps the idea is that unless you can come up with a way things should be different, perhaps you dont full appreciate or understand the situation you are protesting ?

Its easy to be angry and upset, but it takes a better mind to fully understand why you are, and what the actual cause is.

And no its not as simple as "politicians in Washington"

Male, 30-39, Midwest US
 2707 Posts
Friday, December 30, 2011 10:24:06 AM
Oh, you wanna subtract a few of thoses zeros....Tax the goddamn churches and legalize and over tax weed...Done and done.

Male, 30-39, Midwest US
 2707 Posts
Friday, December 30, 2011 10:22:35 AM
"All of this is very good, apart from the bottom line which doesnt actually propose a solution."

Not every protest is backed by a full fledged plan. Get off your f.ucking high horse.

Seriously, what in your little crap brain tells yout that if you do not like something, you come up with a complete and outlined plan to change it before saying anything? Really dude?

Maybe you should provide your mouth with a little bit of effort from your brain before just typing any random thing your ignorance can come up with.

Male, 40-49, Europe
 2835 Posts
Friday, December 30, 2011 4:57:56 AM
All of this is very good, apart from the bottom line which doesnt actually propose a solution.

Male, 18-29, Canada
 2432 Posts
Thursday, December 29, 2011 6:24:43 PM
That's not what Baalthazaq was talking about at all. He didn't once say borrow money to pay debts. He clearly said LEVERAGE which is borrowing money, turning it into more money, and then paying off your loan. It allows you to make bigger deals than you can currently afford to.

1. Take out a loan, buy a house.
2. Fix up the house.
3. Sell the house for more than the loan + fixing + interest.
4. Pay the loan in full and still have money leftover.

This is how the private sector operates. Without the initial loan you couldn't afford a house and could only afford a shack. Assuming you could even get the same % gains you would get fewer dollars for the same time spent on the shack.

This is obviously a risk as you don't have the liquid assets to cover your ass if the deal falls through but it is not a "business that borrows money and then has to turn around and borrow more just to pay some of the interest off"

Male, 50-59, Canada
 29175 Posts
Thursday, December 29, 2011 11:38:55 AM
@LazyMe: That's how much every person is in debt, not thier income. Every Luxembergian OWES 4 million bucks.

Until recently (Obama) Canada's per capita debt was bigger than the USA's... just pointing that out...

Every immigrant who becomes a citizen should have to pay up their share of the debt! Just a thought. Also every person who leaves should too...

Male, 30-39, Australia
 25264 Posts
Thursday, December 29, 2011 11:33:30 AM
learning is fun

Male, 40-49, Midwest US
 17367 Posts
Thursday, December 29, 2011 9:34:40 AM
EricWRN: You win 100 internets for that clear and concise explanation.

Female, 40-49, Southern US
 815 Posts
Thursday, December 29, 2011 9:20:42 AM
Part of me is a little horrified Ron Paul seems to be the best Republicans can do so far (because the rest of their candidates are a bewildering array of buffoons, and I don't hate Republicans, it's just... jeez).

Part of me actually supports him because I'm ready for an out-and-out loon to be in the Whitehouse. Seriously, it may either kill us or cure us.

Male, 18-29, Europe
 9 Posts
Thursday, December 29, 2011 9:15:25 AM
@McGovern1981 that list doesn't tell the "Truth" about Norway. Yes we have debt but we do not have any foreign debt. Norway only have debt to Norway. This is to control the main rent, This debt is never ment to be paid down.

Male, 18-29, Canada
 10503 Posts
Thursday, December 29, 2011 8:46:41 AM
Everyone in Luxembourg is freaking rich. Everyone.

Male, 18-29, Southern US
 303 Posts
Thursday, December 29, 2011 8:01:29 AM
Aww Luxembourg, Get your poo together!

Male, 30-39, Eastern US
 593 Posts
Thursday, December 29, 2011 7:51:04 AM
@Baalthazaq lol, except any business that borrows money and then has to turn around and borrow more just to pay some of the interest off would quickly go bankrupt and never be able to take out another loan.

Oh, is that why the economy is "complicated"? Because the US can continue to print fiat currency and tinker with interest rates and create imaginary prosperity? That's not "complicated", that's an immoral ruse and it's the basis of the smoke and mirror philosophy of Keynesian economics: a system universally popular because you can justify any shoddy and immoral economic action or monetary policy you desire, because you can plug it into a magical equation that always gives you prosperous results... just, you know... some time later.

Male, 18-29, Southern US
 303 Posts
Thursday, December 29, 2011 6:52:35 AM
Viking864: well said. Even less of a reason to ask for a raise when you are busy wasting your money on solar panels from your friends company, new GMC trucks, and overpriced insurance from AIG.

Male, 30-39, Eastern US
 14177 Posts
Thursday, December 29, 2011 6:15:35 AM
Other countries act like they're beter off they're not.

Male, 40-49, Canada
 261 Posts
Thursday, December 29, 2011 4:44:42 AM
look at the money you would be making if you had of kept the economic deals iraq offered instead of killing saddam so the military companies could profit from war

Male, 30-39, Europe
 3333 Posts
Thursday, December 29, 2011 4:17:31 AM
Welcome to a military ran country? If you let the military run your country, this will always happen.

Male, 40-49, Europe
 536 Posts
Thursday, December 29, 2011 1:33:54 AM
Each person in US (including babies) has a debt of 45,700 USD.
Wondering how high it is in Greece, this almost bankrupt country?
(Hint: that communist from the daily show calculated it some time ago...;)

Male, 60-69, Midwest US
 15860 Posts
Wednesday, December 28, 2011 10:58:42 PM
Deficit spending is like nose-diving an airplane. After a certain point you can no longer pull up without ripping your wings off.

Male, 18-29, Eastern US
 146 Posts
Wednesday, December 28, 2011 10:49:25 PM
The think that the average person doesn't understand is that when the news or some politician says that 2 trillion has be cut from the budget, that means from the budget proposal. So the new proposal might have had an increase of 4 trillion and the cut of 2 trillion takes it back to and overall net increase of 2 trillion...I blame the news and political media for making Americans ignorant of the actual truth.

Male, 13-17, Eastern US
 207 Posts
Wednesday, December 28, 2011 9:55:47 PM
Save America. Fire congress.

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