SUBSIM Radio Room Forums - View Single Post - 3 misconceptions about the US that need to die

CaptainHaplo · 11-07-11, 07:23 PM

I am not suprised by this at all.

However, on the economic issue - it misses 2 very important, and critical - points.

The first - it doesn't matter how MUCH debt you have - what matters is whether you are reducing or growing that debt. We have - for many years - been growing that debt. If you spend more than you take in - the rest is irrelevant - because one way or the other - sooner or later - the house of cards comes crashing down.

Secondly - did anyone catch the bit about how debt is currently financed? Debt is owed by the government - which obligates the people. However - much of the debt is owed TO the government (trust funds programs). So in essence the government has obligated us to pay ourselves......

Anyone see the flaw in the logic on THAT ONE?

11-07-11, 07:23 PM	#21
CaptainHaplo Silent Hunter Join Date: Apr 2007 Posts: 4,405 Downloads: 31 Uploads: 0	I am not suprised by this at all. However, on the economic issue - it misses 2 very important, and critical - points. The first - it doesn't matter how MUCH debt you have - what matters is whether you are reducing or growing that debt. We have - for many years - been growing that debt. If you spend more than you take in - the rest is irrelevant - because one way or the other - sooner or later - the house of cards comes crashing down. Secondly - did anyone catch the bit about how debt is currently financed? Debt is owed by the government - which obligates the people. However - much of the debt is owed TO the government (trust funds programs). So in essence the government has obligated us to pay ourselves...... Anyone see the flaw in the logic on THAT ONE? __________________ Good Hunting! Captain Haplo