Quote:
Originally Posted by Guest
I am not the person that accused you of sun downing. However, you have gone a little overboard.
Concerning the national debt increasing a trillion a year, take a look at the who the government is borrowing from. Who Owns the US National Debt? How Much Is Owed?
A lot of the debt is left pocket/ right pocket. You borrow from your left pocket, and put it in you right.
You are giving the impression that unemployment is solely determined by the calling 60,000 household. Calling the 60,000 is to determine how many have either stopped looking for work, or can't find work after their unemployment has run out. This number is added to the number of people on unemployment. Do you know a better way to determine how many people have left the workforce? If you do, give them a call, because they state that this is the best way to determine the number of people that have left the work force.
Define influx. When the better educated minority move into a neighborhood, the neighborhood doesn't go into the crapper. If they can afford the housing price, the only color that matters is green. Minorities are moving into blue collar neighborhoods. They might not be improving the neighborhood, but there are a lot that aren't bringing the neighborhood down. Blue color workers are a lot more tolerant than the people in the high priced neighborhood with their noses stuck high in the air.
Could there be another recession sometime soon? Sure, but it won't be as deep as the last one. Trump is threating to place tariffs on countries like China, and Mexico. If China's economy is teetering, what do you think a tariff on their manufactured products would do? He is almost guaranteeing a world wide recession.
The sun will go down, but sure as hell it will come right back the next day. |
No my uninformed friend the National Debt -- is not a simple " left pocket to right pocket shift " as you say and no doubt learned on some simple site such as " The Nation " or " The Huffington Post ".
The money actually leaves the pants and never comes back . It goes out of " the pants pockets " and spent on various and sundry Federal programs and handed off to many countries which hate the USA .
You say the debt is " ours " and no one can get hurt . Who do you think is funding the debt ? Try this out independent pension funds , insurance companies , money market funds , bond funds and also a number of foreign governments such as China and Saudi Arabia .
You don`t think that these individuals and institutions and foreign governments are never going to want to get paid back ?
I am sure that you have a great deal more education and experience in these matters than I do . So would you please educate me on how this works .
I only have a BS in Economics , an MBA in Finance , a Masters in Accounting and a 35 year career in Commercial Banking . Apparently I did not attend the right schools or work for institutions which really understood how fiscal policy actually works ---- make that hasen`t worked since about 1964 .