Younger People, You Realize that When Governments Always Spend More Than They Take In, It Create a Debt that You Will Likely Have to Pay?

The old people will be dead and you will pay the bills.

When governments spend on non-essential things for the support of life, they are not investing in capital, but ideology. While you may gain rights and privileges related to lifestyle, you could loose the ability to undertake the things you need to live (ie jobs, housing, food, transport, retirement, etc).

Increased taxes will not work on the rich, because those with means will just move their money to lower tax places. Where the money goes, investment will increase. Money goes to where it can make the most money.

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Burnley123 · 41-45, M

So so many things wrong with this. You claim to be educating people but you need to educate yourself.

A government is not a household. Private debt and public debt have an important (and often inverse) relationship. Keynesian paradox of thrift.

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okaybut · 56-60, M

@Burnley123 And definitely take on yearly debt in bad times, but create surpluses in good times (like the last 4 to 5 years, which Canada or USA has not done).

Burnley123 · 41-45, M

@okaybut Deficit spending in good times you can legitimately question. I cant agree with your original post though

okaybut · 56-60, M

@Burnley123 You are right, let me adjust it. Added "always".

OggggO · 36-40, M

Got it, abandon everything, live in a hovel because trying to better our lives is pointless.

okaybut · 56-60, M

@OggggO Or vote in a government that will not take on yearly debt.

OggggO · 36-40, M

@okaybut Same thing.

Platinum · M

The young people will be old people one day and then their children will have to pay...it's normal, debt will always rise but is not a problem as long as you can pay the interest back....like buying a car on hp, as long as you can make the payments, you don't have a problem...

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Platinum · M

I never said you don't have to watch your spending....you live within your paycheck if possible...@okaybut

okaybut · 56-60, M

@Platinum Or save up so you can survive in case of a problem. The same way governments should.

Platinum · M

Governments have always got lots of money , they don't have the same problem as ordinary people....@okaybut

MushroomFaerie

I never spend more than what I have. Stupid people do things like that.
I'm not the government, i have nothing to do with it.
If the government wants to spend more than they have then they are stupid too.
What am i supposed to do about it? Who the hell is gonna listen?

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MushroomFaerie

@Burnley123 what? Taking money that isnt there has the same results...debt. what are YOU talking about?
@JAYS21 Iam a lefty....you people that go on about lefties dont even really know what it means, your so set in your ways that you refuse to listen to anyone else, get set off by trigger words like left and feminism. Stop and listen, you'll find out that they are not what you think and that you had a closed mind all along

Burnley123 · 41-45, M

@okaybut Cuts in government spending reduce enployment, increase welfare payments and reduce taxes. It also reduces consumer spending, which cuts business profits, which means they lay off staff. Then additional unemployment, more welfare, less taxes and so in.

I repeat: a government (or national economy) does not behave like a household.

okaybut · 56-60, M

@Burnley123 I repeat money is money. In Canada an average household of four does not have $7000 after tax dollars. It does not exist, because it goes to pay interest on our debt.

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