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post #81 of 160 (permalink) Old 10-20-2008, 09:00 PM
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^ Step one IMO, is an earnest effort to buy back/pay off the national debt. We're years away at best, don't you think?
A good step, and many years away. We have quite an appetite for my grandkids' money.

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post #82 of 160 (permalink) Old 10-20-2008, 09:02 PM
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Without that effort, money has no real value (screw it, just print some more). Without a sense of value, no economy can succeed.

"If spending money you don't have is the height of stupidity, borrowing money to give it away is the height of insanity." -- anon
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post #83 of 160 (permalink) Old 10-20-2008, 09:05 PM
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Without that effort, money has no real value (screw it, just print some more). Without a sense of value, no economy can succeed.
Well, with all the talk from the two "major" parties about cutting the size of our government, reducing spending, balancing the budget,etc., it is only a matter of time.

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post #84 of 160 (permalink) Old 10-20-2008, 09:07 PM
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Fair enough. I'm sure you'll agree, better no kind of socialism than the wrong kind.
Ok, I'm sure you'll agree that it's better there's no kind of capitalism than the wrong kind, eh?
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post #85 of 160 (permalink) Old 10-20-2008, 09:08 PM
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I'm not even sure what that means. Where's the "or"?

Perhaps you missed my point. The wrong kind of socialism gives all of socialism a black eye, just as U.S. government intervention has given all of capitalism a black eye.

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post #86 of 160 (permalink) Old 10-20-2008, 09:08 PM
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Really? The redistribution of wealth that both parties have proposed through the income tax process doesn't come close to an economic definition of Socialism?
In a Democratic Republic, not even close.

We like to throw words like that around in a political season but in reality, there is absolutely nothing on the boards, including Obama's now infamous "spread the wealth around" that comes within miles of Socialism.

You could just as easily argue that the stimulus checks sent out earlier by Bush were "Spreading the wealth around".

But nothing is anywhere remotely near what is considered either Political or Economic Socialism.

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post #87 of 160 (permalink) Old 10-20-2008, 09:12 PM
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^ Step one IMO, is an earnest effort to buy back/pay off the national debt. We're years away at best, don't you think?
20 years would be my bet. I don't know how we can pay it down on a $3 Trillion Annual Budget [current Annual Budget without deficits] any quicker. 20%+ of that budget is already being used JUST to pay for the INTEREST if we don't borrow more.

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post #88 of 160 (permalink) Old 10-20-2008, 09:15 PM
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We don't have to pay it all off to gain some economic dignity, just begin an earnest effort. The effort alone will send a message and afford some sense of real value to our currency.

"If spending money you don't have is the height of stupidity, borrowing money to give it away is the height of insanity." -- anon
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post #89 of 160 (permalink) Old 10-20-2008, 09:24 PM
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I'm not even sure what that means. Where's the "or"?

Perhaps you missed my point. The wrong kind of socialism gives all of socialism a black eye, just as U.S. government intervention has given all of capitalism a black eye.
I got your point, exactly. Hence, my retort. I don't believe either version of an economic system can exist in its purest philosophical form. Though I frequently describe myself as a socialist, in reality I don't think any form of economic system can properly function except for a mixed economy. Which means you have to accept some form of regulation and I have to accept some form of exploitation. Such is life in the real world.
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post #90 of 160 (permalink) Old 10-20-2008, 09:32 PM
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We don't have to pay it all off to gain some economic dignity, just begin an earnest effort. The effort alone will send a message and afford some sense of real value to our currency.
True, simply showing adulthood and responsibility goes a long way. But in the case of $10Trillion [and let's be honest, it will be closer to $13 or so before it caps and can start going down, just based on current commitments], there is a need to actually dissolve the debt to make the country's economy stable again. This way, should there be another financial crisis we don't actually put the entire country in jeopardy simply to bail out a sector. And that is what we are doing this time.

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