^ I know what it's called, silly... and prices did go up accross the board a few months back and seemed to be independent of gas prices.

Anyway, all this is what an economics friend of mine said regarding them printing money. No, they won't print $9,000,000,000,000, but they're printing enough to get some inflation going on (more rapidly than it normally happens)

I'm no expert though... i'm just saying what my econ major friend told me. There is probably more to it that this too.

3/17/2006 11:22:13 AM

if we were as poor as nigeria, we could totally scam some foreigners

3/17/2006 11:29:11 AM

^ I like the way you think

3/17/2006 11:33:17 AM

moron said:

Quote :

"^ It's very easy to get a visit from the SS by making threats against the president. That visit also goes on your permanent record, and a lot of TWWers are engineers that will one day have to get a security clearance."

"permanent record"

that's a joke right

3/17/2006 11:42:11 AM

Quote :

""permanent record" that's a joke right"

This is anecdotal, but here you go:

When my dad was in High School, Gerald Ford came to talk at his school, so everyone got out of class to go see the president. Well, the speech was running over and he had to get the car home to his mom so she could get to work. So, he proceeds to leave early, but on his way out the door, the SS people stop him and ask him why he's leaving. He explains the situation, and they let him go.

A few years later he was going into the Air Force and in his interview with them, they asked him again why he left the president's speech early.

So, yeah, maybe there is a kind of permanent record...

3/17/2006 11:54:53 AM

Quote :

"It is not odd for someone earning $60k a year to buy a house at $200k. As such, it shouldn't be shocking for the government to owe $9T on a with an annual income of $11T.]"

Ok that makes sense. When do we get our houses?

3/17/2006 1:07:06 PM

^^ From what I heard, it goes in a file the FBI keeps on you. Someone I know of made a threat online to the president, and another person on the message board reported them. The SS gave him a visit, told him he was okay, but there would be a file on him at the FBI FOREVER@!!!>

3/17/2006 1:33:43 PM

Go head.

Just do it.

Seriously.

3/17/2006 2:23:56 PM

Quote :

"No. Thats not how it works at all."

SandSanta, how what works? Countries? Are you saying the U.S. cannot raise taxes to the levels found in Europe? Or are you saying higher taxes wouldn't create higher revenues? Or are you saying higher revenues would just get spent by congress? You might have a point here but you should still have said so.

And try to remember: You owe me $100 dollars.

3/17/2006 2:53:51 PM

Raising taxes would be the worst thing possible. If you do that, you'll create a situation where there will be less business created because of the additional tax burden and tax revenue actually goes down. There's been cases where a lower tax brought in more money to the government, a concept liberals still can't understand. With the expansion in economic growth because of lower taxes, you're creating more taxpayers paying more money but at a lesser rate.

3/17/2006 3:46:44 PM

Quote :

"There's been cases where a lower tax brought in more money to the government, a concept liberals still can't understand. "

care to cite these?

3/17/2006 3:55:43 PM

Apparently not.

3/20/2006 8:33:30 PM

>.<

3/20/2006 8:34:44 PM

isn't printing money to pay off national debts illegal?

3/20/2006 8:42:57 PM

No. Just painfully stupid.

3/20/2006 8:47:21 PM

its like drilling to end oil dependency

3/20/2006 8:50:37 PM

Forty-seven percent of your income taxes pay the interest on the debt. If that's not a reason to love debt increases, I don't know what is.

3/20/2006 8:59:12 PM

Quote :

"Forty-seven percent of your income taxes pay the interest on the debt."

That sounds a bit high. Or were you excluding all other sources of revenue?

3/21/2006 12:15:23 AM

hey guys, i'm going to explain the laffer curve to you. you ever heard of it??? it's totally awesome, dudes!!!!!

3/21/2006 12:24:21 AM

http://en.wikipedia.org/wiki/Laffer_Curve#Estimates_of_the_effectiveness_of_the_Laffer_Curve

Quote :

"That sounds a bit high. Or were you excluding all other sources of revenue?"

I'm assuming there aren't any business owners posting in this thread. Your income taxes consist only of your income taxes. Other sources of tax revenue are excluded.

That is how the outlays break down, though. Look it up. Forty-seven percent of the personal income tax goes towards paying interest on the national debt.

[Edited on March 21, 2006 at 1:31 AM. Reason : ...]

3/21/2006 1:28:18 AM

Quote :

"Raising taxes would be the worst thing possible. If you do that, you'll create a situation where there will be less business created because of the additional tax burden and tax revenue actually goes down. There's been cases where a lower tax brought in more money to the government, a concept liberals still can't understand. With the expansion in economic growth because of lower taxes, you're creating more taxpayers paying more money but at a lesser rate."

Do we not understand the theory, or is it that we think the theory's crap?



[Edited on March 21, 2006 at 2:35 AM. Reason : .]

3/21/2006 2:34:44 AM

Whatever. Lets just say, interest makes up 6.7% of the total. ok?

3/21/2006 9:22:49 AM

oh man oh man i got a good idea. Lets invade someone, pillage and burn that shit, sell their shit to someone else, then invade them and pillage and burn... after a few iterations, everyone will be like, those fuckers are crazy, maybe we dont need our money back, then no more debt

3/21/2006 11:56:16 AM

Quote :

"Lets just say, interest makes up 6.7% of the total. ok?"

Sure. And let's also say that it makes up 47% of your personal income taxes.

Both are true.

3/21/2006 11:57:30 PM

Alright. I can also say Federal Interest Payments take up over 60% of corporate taxes. Or, 161500000000% of what I paid in Federal Income taxes this year.

3/22/2006 12:51:32 AM

now that's fuzzy math

3/22/2006 1:08:10 AM

You can say it, but it isn't true. I'm talking about how the outlays are disbursed.

I've found another figure that pegs it at about 20% of your personal income taxes. Would that unwad your panties a little?

3/22/2006 1:09:15 AM

Quote :

"I'm talking about how the outlays are disbursed"

Ok, what a coincidence. I didn't realize. What does that matter, of course?

So, here are the figures you have compounded: interest takes up 47% of income tax receipts, 0% of corporate tax receipts, 0% of social security tax recipts, and 0% of misc tax receipts.

Why is this useful?

3/22/2006 9:26:46 AM

What you have there is a failure of logic. I said that interest takes up 47% of income tax receipts. Period.

I said nothing about corporate tax receipts, which probably pay a portion of the interest as well, and certainly never said that personal income taxes are the only part of federal outlays that go towards the interest payments. Social Security tax receipts do not go towards the interest payments on the debt; they go into a trust fund. I figured you knew that already.

3/22/2006 6:22:01 PM