I'm going to puke if - Striper Talk Striped Bass Fishing, Surfcasting, Boating

Slipknot · 10-07-2013, 10:08 AM

Quote:

Originally Posted by spence

Well, most businesses run with some debt. When managed right it's not a problem and can even be an asset as long as you have cash flow...

-spence

"when managed right"

If we are talking about the government here, well there is your problem right there. Managed right? can't you just admit it has NOT been managed right?

Jim in CT · 10-07-2013, 10:34 AM

Quote:

Originally Posted by Slipknot

"when managed right"

If we are talking about the government here, well there is your problem right there. Managed right? can't you just admit it has NOT been managed right?

Milton Friedman, the famous economist, once highlighted that spending money always falls into 1 of 4 categories...

(1) spending your money on yourself - when you spend your own money on yourself, you have every reason to do it as efficiently as possible...the best quality at the best price. This is efficient spending.

(2) spending other people's money on yourself - in this case, you are likely to look for the highest quality, ragerdless of price. This is what happens when ex-wives go shopping at Tiffany's with their former husband's credit cards.

(3) spending your money on other people - in this category, you have an incentive to get the lowest price, regardless of quality. This is why we get socks at Christmas from distant relatives.

(4) spending other people's money on other people - in this case, you have no incentive to give a crap about quality or price. This is where the most inefficiency is seen. And every cent that is spent by the government, falls into this categoty. That's how you get where we are,

detbuch · 10-07-2013, 10:34 AM

Quote:

Originally Posted by Slipknot

"when managed right"

If we are talking about the government here, well there is your problem right there. Managed right? can't you just admit it has NOT been managed right?

Spence has acknowledged that it has not been managed right. He believes that it can be fixed if government folks would simply act responsibly. He doesn't say what "responsibly" is. If it means spending less, or reducing the scope of government so that less money is needed to manage it, that would be asking the gvt. to relinquish some power and devolve it back to the people--to give back to the people responsibilities and cash to manage their own lives. But that would require the leap of faith by our political managers that we are capable of taking care of ourselves with a lot less "help" from them. That they could suffer such a blow to their egos, or to their agendas, to their ideology, is questionable.

The "problem" is not how they manage, but who they are and what they believe. That determines what they consider "responsible" to be.

And the problem also requires that We The People actually believe we are capable of living without the ever expanding "help" we receive from those who wish to manage us. That depends on who we are and what we believe.

Jim in CT · 10-07-2013, 10:39 AM

Quote:

Originally Posted by detbuch

That they could suffer such a blow to their egos, or to their agendas, to their ideology, is questionable.

.

I don't think it's questionable, I don't think there's any ambiguity there. Not only are those in DC unwilling to surrender the ontrol they have, they are looking to increase it. Hence Obamacare.

Slipknot · 10-07-2013, 12:59 PM

thanks

next time I am in Boston, I'll go by the statehouse and puke on the front steps

Raven · 10-08-2013, 05:21 AM

our exportation of products is relatively non existent

so we need to switch over to services and let the rich countries
pay us with "their wealth"..... in my limited view (perspective)anyways

no more world cop for free.... isolationism is sounding better again
no more giving countries like pukistan billions
no more Nation rebuilding

AMERICAN INTERESTS have to return to AMERICA not force feeding
DEMOCRACY down the throats of screaming babies that just puke it back up onto American shirts.

Jim in CT · 10-08-2013, 07:01 AM

Quote:

Originally Posted by Raven

our exportation of products is relatively non existent

so we need to switch over to services and let the rich countries
pay us with "their wealth"..... in my limited view (perspective)anyways

no more world cop for free.... isolationism is sounding better again
no more giving countries like pukistan billions
no more Nation rebuilding

AMERICAN INTERESTS have to return to AMERICA not force feeding
DEMOCRACY down the throats of screaming babies that just puke it back up onto American shirts.

In terms of debt, I'm not sure those are the big ticket items. In the not-too-distant future, there will be at least 65 million baby boomers over the age of 65. Some of them will live to be 110 years old. They will live with ailments, requiring expensive medical care, for decades. And we can't begin to pay for it. Our elected officials, from both parties (until recently), have chosen to ignore this problem. It will be a disaster.

justplugit · 10-08-2013, 07:58 AM

Quote:

Originally Posted by Jim in CT

In terms of debt, I'm not sure those are the big ticket items. In the not-too-distant future, there will be at least 65 million baby boomers over the age of 65. Some of them will live to be 110 years old. They will live with ailments, requiring expensive medical care, for decades. And we can't begin to pay for it. Our elected officials, from both parties (until recently), have chosen to ignore this problem. It will be a disaster.

It' estimated we give 23 Billion a year for foreign aid and another 14 Billion for military assistance for a total of 37 Billion/year.

This Baby Boomer problem has been known for 50 years and the politicians have
kicked the can down the road for all that time.
Same old same old, putting off the hard decisions until it becomes a crisis to keep them in power rather than making the hard choices for the American people.

So we enter the start of another new crisis where bickering and blaming will take over and the solution will be to print more $$$. Soon our dollar will be worth as much Studebaker stock and you can use it to paper your bathroom wall.