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No. It's not a problem.
Nobel Prize Winning Economist Paul Krugman says so.
Nothing to see here.
No. It's not a problem.
Nobel Prize Winning Economist Paul Krugman says so.
Nothing to see here.
"And if Americans find out that the lion's share of their income tax payments are going to service the debt, prepare for a new American revolution."
since when did the sheeple give a ?
CNBC of course doesn't point out what drives the deficit: Repugs wars, corporate tax evasion, 1% tax evasion, Repug tax cuts, predatory/greedy for-profit health care (Medicare, Medicaid).
But of course, s like m>s and similar right wing trash fall for the rabble rousing every damn time.
Last edited by boutons_deux; 09-25-2013 at 01:51 PM.
Rabble rousing? Whatever the root cause is and we can disagree on that all day, in the end regardless were in deep .
attack the causes and fix the problem, duh.
I think we should tax corporations and rich people 100%. Take all their money. Then take all the money in their bank accounts. The deficit will go away!
I'm confidant these businesses will then expand and the economy will improve!
Wow. That's a dumb idea.
What exactly is going to make interest rates rise to 5.7%?
By 2020 our debt will rise but our income from taxes won't....idiots....If we were to pay an average interest rate on our debt of 5.7 percent, rather than the 2.4 percent we pay today, in 2020 our debt service cost will be about $930 billion.
Now compare that to the amount the Internal Revenue Service collects from us in personal income taxes.
In 2012, that amount was $1.1 trillion, meaning that if interest rates went back to a more normal level of, say, 5.7 percent, 85 percent of all personal income taxes collected would go to servicing the debt. No wonder the Fed is worried.
Maybe our income taxes rise by $600 billion dollars....
Please tell me you're joking.
TSA on the record thinking angrydude posted a good idea upstream.
Th'Pusher on record completely whiffing on the most blatant sarcasm by angrydude.TSA on the record thinking angrydude posted a good idea upstream.
I know some things are lost in type, but man, how stupid can you be?
TSA whiffing not only on my sarcastic response to angrydude, but doubling down and whiffing on my sarcastic response to him too. Keep up the stellar work
Keep on talking up fascist, white power, revolution nonsense on one of the more popular sports forums on the net.
I figured this would be your out.TSA whiffing not only on my sarcastic response to angrydude, but doubling down and whiffing on my sarcastic response to him too. Keep up the stellar work
So you think that I thought his proposal to tax businesses and the rich at 100%? Ok.
this isn't north ing Korea, you really think I give a ? For the first time in over 70 years, the national socialist underground rises out of the shadows and back into the mainstream. I plant seeds for my aryan brothers who may be reading my posts, heil!!
Obviously not.
I've said sarcasm is tough to gauge online, but I still fail to see how the above response is sarcastic.
I know its not north korea but at the same time considering the times that we live in and what not with surveillance being what it is, you are being very foolish even if you are trolling. Especially if you are trolling. Your anonymity doesn't hide you so well in certain quarters.
Just seems pretty stupid to me.
"the national socialist underground rises out of the shadows and back into the mainstream"
boobie, m>s, and other racists gonna get a home (and another Ruby Ridge, Koresh/Wacko denouement, and like Warren Jeffs sickos, lots of ing the kids)
http://www.reuters.com/article/2013/...98L06R20130922
Inflation (unless this is a new real, and the quan y of money, and it's easy availability, now has a static effect on prices indefinitely)
Interest rates are set by the Fed, see Volcker in 1980s.
Then of course we have the criminals running the massive bank fraud known as LIBOR also FIXING the basis rate for the planet.
They don't set them they influence them. Can't keep them this low indefinitely.
The Fed sets the interest rate, perverted by LIBOR, but does set NOT the inflation rate.
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