do you think people on welfare shouldnt vote?

@nedkelly not an arguement

@PiceousPanda Just curious

@PiceousPanda it's a reasonable question

@nedkelly im paying for it

@PiceousPanda Good, what about others who do not pay but expect the tax payers to pay for the education

@nedkelly look. if u want me to symopathize i can only sympathize to a point... its either we give people money we dont have till it drives us to a worse situatuon of the great depression or we cut spendings and build this economy up by sacraficing.

@PiceousPanda Is it a state university? Because those are highly subsidized. Grants? also subsidized.

@PiceousPanda Lol, are you aware of what caused the Great Depression?

@NorthernBear its a community college. i have to pay. id take grants if i could. not like anyone cares wht will happen to this country. im just preparing myself for what will happens.

@PiceousPanda It scares the hell out of me that you will be running things in a couple decades
with that mindset...I wonder where you get your misinformation...mommy or daddy or both. PLEASE DO NOT RUN FOR ANY POLITICAL OFFICE... we don't need another trump

@PiceousPanda So you want to cut back on welfare? Are you willing to cut back on national security, are you willing to deport all illegal immigrants, are you willing to cut back on all government spending to reduce the deficit?

@UndeadPrivateer of course multiple reasons. im just explainin how it will look like. possibly even worse

@nedkelly we have no need for illeal immigrants. we have many many homeless peopel and people who are unemployed in our native country. and yes i would be but most people would rather tak the risk

@PiceousPanda Based on what, exactly? It's certainly not economics. If you know what caused the Great Depression then explain it, I'd love to hear your angle on it.

@UndeadPrivateer The stock markert crash that happened around the 1930s. add that with the fact that banks were uninsured, and the fact that people stopped spending. many other reasons possibly. but again i used the situation as an example of what will happen to us

@PiceousPanda Just before that the US was fairly debt free which caused a surge of over confidence. Banks loaned out huge sums of money then got scared and wanted it all back suddenly but nobody had it and everybody started hoarding whatever money they could get.

@PiceousPanda That's a partial idea, but not the whole picture. It began as a market recession which coincided with a federal interest rate hike here in the states and the feds continued raising interest through the recession. This was shortly followed by the stock market crash which caused market panic and caused people to start investing in currency instead of stocks, gold specifically as at the time we were using gold standard for the value of the dollar. This caused the dollar to rapidly deflate, meaning there was less total money in circulation. This further caused interest rates to rise and thus reduced the amount of money available to banks so they were unable to lend to businesses as much and as businesses ran into financial trouble the banks were unable to bail them out and there were cascading bankruptcies throughout the economy. This caused the unemployment rate to skyrocket, eventually reaching a solid 25%. This caused further market panic which caused people of all stripes to start hoarding cash, which caused further rapid deflation and worsened the economic state even further.

Now, explain to me again how massively reducing spending on a national scale helps the economy.

@UndeadPrivateer No its the idea. i gave you a short description to what happened. and let me ask you this. where do u think the debt will go? is it just a number thats being counted to make us feel bad? its a meaningless issue? when we both know it will never be paid off with this attitude

@PiceousPanda OK How would you reduce the debt?

@PiceousPanda First off, do you understand what the federal debt is?

That's not money owed to anyone. That's money 'owed' to ourselves. It's an abstract concept that doesn't directly relate to anything and is meant to measure economic standing. If I take an acorn off a tree and charge myself $5 for it, am I now $5 in debt in the individual economic sense? If I'm $5 in debt then what was the $5 paying for if not the acorn, which I still have? And when I hand over that money, where does it go? From my hand into my pocket?

National economies do not work like individual economies, they're different beasts. You can't simply equate one to the other. As I just illustrated to you, reducing spending is exactly what caused the Great Depression. So, what, you want a Second Great Depression?

@UndeadPrivateer yes its owed. the us government owes money to buyers of U.S. Treasury bills, notes and bonds. That includes individuals, companies and foreign governments. what are speaking on? of course they owe money.
Over the long term, a growing federal debt is like driving with the emergency brake on. As the debt ratio increases debt holders can demand larger interest payments. They want compensation for an increasing risk they won't be repaid. Diminished demand for U.S. Treasurys would increase interest rates. That would slow the economy. which will eventually drive the econonomy downwards

@PiceousPanda No, they're not. Those are investments, not accounts. Stockholders don't 'owe' money to their investors. You may get returns on your stocks, you may not. You may get returns on your notes and bonds, you may not.

Growing federal debt is indeed bad. Slowing economy is also indeed bad. However your suggestion of 'sacrifices' and reducing spending are [u]slowing the economy[/u]. You're also missing the fact that there's nothing wrong with national debt in itself. In fact, a national [u]surplus[/u] is a bad thing, economically speaking, as it basically means that the federal government is sitting on money that could be used to grow the economy further. A healthy economy has a consistent but relatively low debt.

Now, once more, explain to me how reducing spending helps the economy.

@UndeadPrivateer I am waiting on her to explain this as well

@UndeadPrivateer yes they are and slowing economy is bad ad its only gonna get worse. and it doesnt slow the economy if u do it correly. ur missing the fact that yes there is something wrong with such a great height of national debt i never said it was bad i said the point we are now its not getting any better but in fact worse.

@PiceousPanda Explain to me how reducing spending doesn't slow the economy.