Atar you know.....just use common sense, everyday logic that you applies in most cases to a personal budget.
We have record of whether tax cuts 'work' in creating jobs. There is no evidence; clear, anecdotal or even in understanding business principles which supports the notion that tax cuts to employers encourage job creation.
Again, companies exist to be profitable not hire people. Understanding this, how would a tax cut for a business meeting demand encourage them to add an employee at the expense of using the additional money to pad their profits?
That doesn't need right, left or indifferent spin to understand. That's just a common sense question of the policy when a person understands the business realities.
Is debt negative? Just like in your personal finances the answer is, it depends.
Going into debt for extravagances then using more debt to pay off that debt is bad debt...no doubt about it.
However, catching a good deal on an investment and assuming the risk by going into debt to take advantage of it (because in the end it will benefit you more) is good debt. I don't think a person with a $80K income buying a $400K home for $320 is going to turn around then start complaining about his $320K debt against his $80 annual income.:dunno:
Allot of these examples are analogous to our personal finances sometimes. A deficit is a deficit no matter if it's the g'ment talking billions or trillions...or you talking tens or hundreds of dollars.
I agree; but everything you just said....I feel no one could ever get elected on.
You have to appeal to a definitive answer. You can't verbally /shrug and say idk let's find out together. You also can't say hey debt is good and bad and it changes to fit the situation and what your debt is on not just how much. After all debt is just another way of saying Promise. It's a promise to pay; paying a promise with a promise is still just that.
People will say okay what's our debt? good or bad?
and then the honest person will say....... Both.....
People will say okay fuck off give me someone who can clearly tell me wtf is going on. Then enter guy Smiliy who tells them what they want to hear.
Some argue we should go back to gold standard; others say to issue our own money again.
“If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good, makes the bill good also…
Both are promises to pay, but one fattens the usurers and the other helps the people. If the currency issued by the Government was no good, then the bonds would be no good either. It is a terrible situation when the Government, to increase the national wealth, must go into debt and submit to ruinous interest charges…” -Thomas Edison
Wow...we are really fucked then.:crying:
