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Jackpine Radical

(45,274 posts)
Thu Aug 22, 2013, 02:16 PM Aug 2013

Lemme see if I got this National Debt business right--

The government needs to buy a bunch of military equipment and other stuff that the rich people are making for them. So the government goes to the rich people to borrow money to buy stuff from the rich people. Then the rich people hide their taxable income offshore or in some sort of tax shelter. That leaves the bottom 99% to pick up the tab.

So this national debt thing is just the vacuum created as the few at the top proceed to suck the last drops of wealth out of the many on the bottom.

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Lemme see if I got this National Debt business right-- (Original Post) Jackpine Radical Aug 2013 OP
Pretty much.... Wounded Bear Aug 2013 #1
simple and to the point. PowerToThePeople Aug 2013 #2
Exactly. When the economy slows, the govt should spend to keep it moving. FSogol Aug 2013 #3
Pretty much, although it is only one component of the vacuum system. n/t Egalitarian Thug Aug 2013 #4
Succinctly stated... KansDem Aug 2013 #5
Then the Repubs don't want to pay for this military equipment... kentuck Aug 2013 #6
But wait it gets better. sgtbenobo Aug 2013 #7
The rich people DEMAND the government buy ... DirkGently Aug 2013 #8
Thanks. I didn't mention the Demand part, but should have. Jackpine Radical Aug 2013 #9
Well put Hydra Aug 2013 #10

FSogol

(45,529 posts)
3. Exactly. When the economy slows, the govt should spend to keep it moving.
Thu Aug 22, 2013, 02:19 PM
Aug 2013

Of course, using our military to seize the foreign tax havens, would be a good idea too.

kentuck

(111,110 posts)
6. Then the Repubs don't want to pay for this military equipment...
Thu Aug 22, 2013, 02:41 PM
Aug 2013

and they want to use it to blackmail the President even though it is money they have already borrowed and spent....

 

sgtbenobo

(327 posts)
7. But wait it gets better.
Thu Aug 22, 2013, 02:42 PM
Aug 2013

Years ago I tutored a young man whose father is one of Governors of Oman. We were talking about all the big companies doing business in the Middle East. Off the top of his head he said, "Oh yeah, my father has been buying Ratheon [stock] since before the first invasion of Iraq." I thought to myself, "hmmmmm, fuck, rich people around the world make a fuck-ton of money as long as the American war machine is out there splattering folks."

The U.S. has no sovereign foreign policy.

We are a frat house that aspires to be a death cult.


Carry on.

DirkGently

(12,151 posts)
8. The rich people DEMAND the government buy ...
Thu Aug 22, 2013, 02:55 PM
Aug 2013

It's even more circular and ludicrous, actually. We pay taxes. Rich people don't. Then rich people demand our tax dollars go to THEM to purchase things we don't need.

Then the rich people say we're too broke for any of our tax dollars to go to things that would help the rest of us in any way, which they call "mooching."
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