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pan6467 · 11-16-2005, 08:26 AM

Amazing, the Right who claim the government taxes too much and supposedly worries how government spends money comes up with excuses to say that the borrowing of the 1.05 TRILLION and the deficit spending of 300 Billion for the next 10 years and the constant raising of the debt limit is "ok".

Which I have serious problems with borrowing any money from foreign countries, yet Bush and his followers believe there is nothing wrong at all.

The bonds still have to be paid and T-Bills come due and people whoi buy them expect the money to be there and that it is worth something more than what they paid. The borrowing of the money from the banks and the foreign governments will come due, and they will expect payment of more than what they gave.

So basically, the argument from the right so far is, don';t worry about the debt because it will never come due.

This expectation of tax revenue to be the same is very optimistic considering downsizing, layoffs, huge companies filing bankruptcy and maybe gone, shipping jobs overseas and less pay. So with those coming and here, how is this tax base growing?

Ah, but the Bushy's still clasp to the "it's getting better", unemployment claims are down, the DJI are going up.

Yeah, you ever watch the market, the stocks go up when unemployment goes up not down.

As for the unemployment rates, they base those on new filings and after you have expended your allotment employed or not you are no longer in that count. Plus, if you get a job with lower pay, you are no longer listed, however that tax base you were supposed to be paying into is now lower and that means lower income for the government and you.

BTW, what happens when these countries and banks do not like what our country is doing and decide to collect their debts?????????

I know according to Bushy's we just print up all the money we need. Thereby inflating the whole damned economy to the point of destroying it.

11-16-2005, 08:26 AM	#15 (permalink)
pan6467 Lennonite Priest Location: Mansfield, Ohio USA	Amazing, the Right who claim the government taxes too much and supposedly worries how government spends money comes up with excuses to say that the borrowing of the 1.05 TRILLION and the deficit spending of 300 Billion for the next 10 years and the constant raising of the debt limit is "ok". Which I have serious problems with borrowing any money from foreign countries, yet Bush and his followers believe there is nothing wrong at all. The bonds still have to be paid and T-Bills come due and people whoi buy them expect the money to be there and that it is worth something more than what they paid. The borrowing of the money from the banks and the foreign governments will come due, and they will expect payment of more than what they gave. So basically, the argument from the right so far is, don';t worry about the debt because it will never come due. This expectation of tax revenue to be the same is very optimistic considering downsizing, layoffs, huge companies filing bankruptcy and maybe gone, shipping jobs overseas and less pay. So with those coming and here, how is this tax base growing? Ah, but the Bushy's still clasp to the "it's getting better", unemployment claims are down, the DJI are going up. Yeah, you ever watch the market, the stocks go up when unemployment goes up not down. As for the unemployment rates, they base those on new filings and after you have expended your allotment employed or not you are no longer in that count. Plus, if you get a job with lower pay, you are no longer listed, however that tax base you were supposed to be paying into is now lower and that means lower income for the government and you. BTW, what happens when these countries and banks do not like what our country is doing and decide to collect their debts????????? I know according to Bushy's we just print up all the money we need. Thereby inflating the whole damned economy to the point of destroying it. __________________ I just love people who use the excuse "I use/do this because I LOVE the feeling/joy/happiness it brings me" and expect you to be ok with that as you watch them destroy their life blindly following. My response is, "I like to put forks in an eletrical socket, just LOVE that feeling, can't ever get enough of it, so will you let me put this copper fork in that electric socket?"