This bothers me about Obama....

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Debt is starting to creep up to a fairly high % of GDP. We need to at least slow that growth now. Some small tweaks to SS taxes will do wonders.

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<p>LAX your later said debt as a percent of GDP is better than under Clinton years. Here’s a reality check.</p>

<p>[National</a> debt by U.S. presidential terms - Wikipedia, the free encyclopedia](<a href=“http://en.wikipedia.org/wiki/National_debt_by_U.S._presidential_terms]National”>History of the United States public debt - Wikipedia)</p>

<p>Start using facts, not Limbaugh talking points. There’s no fiscal responsiblity left in the Republican Party.</p>

<p>You are also right, LAX, that the 100 year thing was taken out of context. No qualms about it. Is it fair? No. </p>

<p>However, the Republicans took Kerry’s “I voted for the war funding before I voted against it” out of context too and used it to discredit Kerry. The blade cuts both ways, Gilligan.</p>

<p><a href=“http://zfacts.com/p/318.html[/url]”>http://zfacts.com/p/318.html&lt;/a&gt;&lt;/p&gt;

<p>I’m sure you’ll have an explanation for this graph subsidy. Is the national debt as a part of the GDP better then some of the clinton years? yes. Point made. Try looking at a graph instead of blind #'s for once</p>

<p>Actually, no, LAX. Current US debt is $9.4 trillion; GDP $13.8 trillion; that calculates out to 68.1%. The debt is not flattening out as “projected” by the OMB (a projection which is incorporated into the graph you linked to) but instead is continuing to rise. The previous peak was 67.3%, early in the Clinton Administration before he had reversed the momentum of the debt runup under Reagan and BushI. Clinton had sliced 10% off that number before BushII took over. BushII has not merely reversed the gains of the Clinton years, he has driven the debt/GDP ratio to the highest it’s been since Harry Truman started paying off the debt we incurred in WWII, and it’s still headed up. </p>

<p>Anyone under the age of 50 has been royally screwed by the Republican economic policies of the past 30 years, unless they’re Paris Hilton or her economic peer.</p>

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<p>Those projections are for 2008. Last time I checked you can’t link me to any info about our 2008 GDP/debt right?</p>

<p>I’m Sergey Brin and I don’t feel screwed at all.
I’m Jeff Bezos and I love my life.
I’m Mark Zuckerburg and I’ll never have a job. I’m rich.</p>

<p>Etc etc etc</p>

<p>Nope no opportunity in this country at all.</p>

<p>Lax, I gave you the debt as of March, 2008. [Debt</a> to the Penny (Daily History Search Application)](<a href=“http://www.treasurydirect.gov/NP/BPDLogin?application=np]Debt”>http://www.treasurydirect.gov/NP/BPDLogin?application=np) GDP is for 2007. <a href=“http://www.bea.gov/newsreleases/national/gdp/2008/pdf/gdp407f.pdf[/url]”>http://www.bea.gov/newsreleases/national/gdp/2008/pdf/gdp407f.pdf&lt;/a&gt; (Table 3, page 8, line 1) 1st Q 2008 GDP growth was essentially flat - 1st Q will show either nominal or negative GDP growth, from most reports. [Economist.com</a> | Country Briefings: United States](<a href=“http://www.economist.com/countries/USA/profile.cfm?folder=Profile-Forecast]Economist.com”>http://www.economist.com/countries/USA/profile.cfm?folder=Profile-Forecast) So comparing last week’s debt to the 2007 GDP yields a debt/GDP ratio over 68% Any of those numbers could be revised up or down of course. It could be a little worse or a little better. But it will certainly be worse by year end.</p>

<p>Yes, Barrons, the few people who are very rich are OK. It’s everybody else who is screwed. And yes, I also recognize that you’re desperate to change the subject.</p>

<p>Republicans have not responsible with the budget since the Nixon Era. Then again, Nixon just wiretapped the White House back then and it was a BIG DEAL. Bush records the whole country at will and noone cares.</p>

<p>What does opportunity have to do with the failure of the Republicans to be responsible with t he budget? What happend to fiscal responsibility.</p>

<p>“Anyone under the age of 50 has been royally screwed by the Republican economic policies of the past 30 years, unless they’re Paris Hilton or her economic peer.”</p>

<p>I’m not paris hilton. I’m not equal to being her economic peer. But I am quite financially well off. I started off with very little. Left after high school with nothing from my parents. Haven’t taken one thing from my parent from then until now. I’m 47 years old. Worked my way through 3 college degrees and through numerous occupations. There are many ways to achieve success and become financially secure. In theory; I probably could stop working in another couple of years and be financially “comfortable” for the remainder of my life. However, I choose for more.</p>

<p>I did this through Carter, Regan, Bush, Clinton and Bush. I have not been screwed economically. I know what it takes to work and become successful. I’m also sure many others have found this to be true also. But hearing all the excuses people have of why they aren’t as financially successful as they think they should be, is getting really old. Hearing people blame their current position on everyone else; including the government; except themselves is also old. </p>

<p>Everyone in this country has the ability within themselves to succeed. They can get educated. They can start at a community college. They can move to another town to find the work they are looking for. The only true limitation a person has is what they place on themselves. I know it can be done because I did it and so have many others. I know personal successes of men, woman, black, white, hispanic, gay, straight, etc… You can say all you want that the government is holding people back; they aren’t. At the same time; the expectation of high school and college graduates thinking they should be able to start their 1st job making $50-$100,000 a year is also unrealistic. It can be done, but it’s rare and unrealistic. But over time; not allowing myself to live beyond my means and going into debt; and working myself up the economic ladder; achieving six figure plus incomes is quite realistic. Also; setting yourself up for a secure financial future is also very practical.</p>

<p>Unfortunately; there will always be a poorer class in the economic ladder. They will always believe that they have been screwed. The only way to not have a poor class is to have pure communal and a socialistic society where those who have are required to give to those who don’t have. of course this brings with it it’s own problems. Personally; I know that for a “Forest” to be healthy, some of the trees have to die, be cut out, or live beneath the rest of the canopy. I know that sounds a little insensitive, but I thinks it’s just realistic. The reason our country is so successful is because you have the choice to grow tall or stay small. Some will stay small. That is their choice. They aren’t forced to stay that way. But fortunately, some choose to stay that way.</p>

<p>The boot strap speech is so old and so irrelevant. This is how the Republicans have screwed America, running the debt so higher future administrations will have to use 15-20 percent of the budget to pay INTEREST.
Look at the GDP/debt ratio, sonny.</p>

<p>So, you’re saying that if I have become successful; because it was during the last 30 years; (with just as much a democratic as republican controlled congress), that I’m suppose to feel guilty about my success? </p>

<p>I’m not arguing that we have debt. Some debt is good, but I agree that excessive debt is not good. I won’t agree in any way, shape, or form that this is somehow all the evil republican’s fault. I understand economics very well. I know exactly how and why we are in such debt. And it is not entirely the republican’s fault.</p>

<p>Christcorp - of course you’re OK now. Have you not been paying attention? The affluence of our generation (and you’re only a few years younger then me) was bought at the expense of our children! An economy pumped up with cash (trillions) borrowed against future wages (our children’s) has allowed our generation’s stock to rise. (Although that’s only benefited the top 25% and primarily the top 10% of the socio-economic strata.) Don’t dislocate any joints patting yourself on the back. I’ve done OK myself - but I don’t ignore the price that’s been paid by the poor, lower middle class, and future generations for our benefit. Yes, our society allows people to rise in economic success over time - but we’ve tilted the playing field so that each year it’s fewer and fewer individuals, as the road gets steeper. How hard does it have to be for regular people to succeed before folks like you will admit there’s a problem? Ten people advancing per year? One?</p>

<p>As long as you will agree that ALL PEOPLE won’t be able to succeed to the level you may want. Success can be measured differently depending on your perspective. There HAS to be the UPPER 10%. just like there has to be the BOTTOM 10%. If there is no economic ladder, then it’s a commune economy that I don’t have any desire to live in. Fortunately we don’t. And I don’t believe or have any guilt thinking that my success came at the expense of the poor or lower middle class. The debt affects everyone.</p>

<p>Yes, we have excessive debt. Yes, if left unchallenged it will fall upon the backs of future generations. I personally don’t think that our debt is such that it can’t be reduced fairly easily. (Without major increases in taxes). But as long as you can agree that in a capitalist economy, where the individual is afforded the opportunity to climb the ladder, that there will always be some in the bottom 10%; (and will probably place blame on others); then we can discuss alternatives and choices. </p>

<p>I have no problem “helping” people keep food in their stomach and a roof over their head. (Metaphorically). But there will always be those at the bottom of the economic ladder. Many whom are there because they are lazy and have no desire to work hard to advance. That has to be accepted. I won’t accept that this debt is all the republican’s fault. i won’t accept that this is all Bush’s fault. This debt is both the republican and democrat’s fault. Namely the congress. This is OUR fault, for not holding congress accountable. With the exception of a handful of areas, I don’t give the president the glory or the blame for most of our country’s successes or failures. I do blame a president when they can’t get the congress to work together. For this, I do blame Bush. I also blame Clinton for this. The president is a very influential person and political position. But the ultimate responsibility lies with us the citizen and the representatives that we put in office and don’t hold accountable.</p>

<p>Christcorp, you’re fighting a straw man (again). I’ve never argued for economic uniformity. I know you’d rather divert the discussion into an argument over something no one here at CC has ever advocated than address what I’m actually talking about, but I’ll keep pointing out the uncomfortable economic realities of what the “conservative” ideologues have done to America. I’ll keep pointing to the well documented increase in the relative gap between the wealthy and the poor and middle class which has occurred over the past 30 years as all of the increase in the nation’s wealth has been channeled to the top economic strata, with none of that rising tide lifting the boats of anyone in the lower half (lower 75% is probably more accurate) of the nation’s wealth distribution.</p>

<p>I think a healthy society has rich and poor, and mostly middle class, with opportunity for the hard-working, bright, and just plain lucky to improve their lot, and for the foolish and dissolute to see their fortunes suffer. Everyone having the same wealth is unhealthy; and so is having a few who are extremely wealthy and many who are stuck in economic stagnation, with increasingly limited mobility between the two groups. It is a fact that we are moving towards a much more wealth-stratified society than we have ever been in modern history. And it is also a fact that it is getting harder and harder for a person to move from one economic strata to another. It is harder for a person who is born poor to significantly improve his or her lot in life now than it was when we were young. It is also less likely for a wealthy person to fall into the middle class or below.</p>

<p>I also agree that these changes - and they are changes from the economic status quo which prevailed throughout the 20th century, up until about 1980 - are OUR fault, because we as a nation are responsible for what we allow to happen. But the first step in correcting our error is to admit that these things have happened. Accusing anyone who points out the things I’ve pointed out of being a socialist, setting up straw man arguments to change the subject, etc. are all tactics frequently utilized here on CC as well as elsewhere to avoid addressing the issue.</p>

<p>As for the debt, I’m afraid your loyalty to your party has blinded you to reality: the debt is completely a Republican creation. I understand that Republicans are not big on taking responsibility for the clear consequences of their policies and actions, but: Reagan’s “voodoo economics.” Bush’s tax cuts. Deregulation and resultant corporate bailouts. All the double-talk about “supply side” and “trickle down” and half truths about how much debt the nation can “comfortably handle.” The Republicans have been the ones pushing every policy which has contributed to the growth in the national debt. Check out “starve the beast” if you want to know why. <a href=“http://en.wikipedia.org/wiki/Starve-the-beast[/url]”>http://en.wikipedia.org/wiki/Starve-the-beast&lt;/a&gt; It’s a shameful, cynical strategy, the first part of which has been executed flawlessly.</p>

<p>@kluge</p>

<p>I’m an advocate of kill the beast. That way it can’t keep coming back. What I mean by this is to stop collecting taxes immediately and sell off all government assets to pay off the debt. This is, of course, assuming that people would go for such a thing. As long as people are morally invested in the state, a new state will come right back up to replace the old one.</p>

<p>In your last paragraph, you detail the pillaging of people. However, I do not think you are recognizing the patterns. Theft in 21st century America is no different from mercantilistic practices of the past. People are unfairly granted access to the sale of certain things at the expense of others. For example, your local government only allows certain cable providers or the Federal reserve is granted a monopoly on currency. At the root of all of this mischief is the use of force. It is the grand unifier of evil actions. So long as a system is based on coercion (e.g. taxes, mercantilistic regulation, etc.), it will be subject to such imbalances in power.</p>

<p>I think we should start by selling off the naming rights to the various states. What’s this “Washington” anyway? He didn’t even know it existed, and could have cared less. Why not “Microstate”? We could do it with state agencies too, - “The Philip Morris Department of Health”, the “Coors Brewing Division of Alcohol and Substance Abuse”, the “Halliburton Department of Transportation” (I like that a Dubai-based company could purchase a name.)</p>

<p>Oh, I also forgot to mention reparations to anybody who can demonstrate they had property stolen from them. And I don’t mean trace your genealogy to slaves. Be able to point at something and say “that’s what was stolen”.</p>

<p>@mini</p>

<p>I take it that’s a sarcastic criticism of my post?</p>

<p>For your first point, let me show how ridiculous patriotism is:</p>

<p>murderer=evil
murderer + green costume=protecting your freedom</p>

<p>You should not be proud of your country for the same reason you should not be proud that you are tall or your skin is brown or whatnot. You don’t choose that.</p>

<p>For your second point, what makes you think that government health organizations (e.g. FDA) are not in bed with Big Pharma? See: aspartame and Donald Rumsfeld. FYI, the FDA drug testing doesn’t do large sampling. It only catches glaring hazards, but its primary purpose is to demonstrate the effectiveness of a drug, not its safety.</p>

<p>Furthermore, nobody is forcing you to buy any drugs. If you don’t trust a drug, then don’t buy it. Most people wouldn’t want to buy drugs from a shady person either. As a result, a demand will create third-party organizations to evaluate safety on a voluntary basis. Don’t want your miracle drug to get tested? Well, don’t expect many people to buy it. Also, there will be no state to enforce the monopoly of patents and drug prices will plummet.</p>

<p>Additionally, you have no right to tell others what drugs (illicit or medicinal) they may take unless they have signed off that right to you.</p>

<p>As for your third point, what makes you think that you aren’t being extorted for roads? Those speed cameras actually cause more accidents in a recent study. They’re there to make money.</p>

<p>There is no need for a central planner to create a transportation system. you don’t call up FEMA to create a complex cellular network and you sure as hell don’t call up the DoT to make a road. The needs of people are best prioritized within a price system, one which accurately reflects the costs of things. Public goods (e.g. roads) do not mitigate this tragedy of the commons.</p>

<p>Why can’t road use be another commodity? What makes roads fundamentally different from any other thing? Answer: nothing.</p>

<p>who pays the reparations? the state? but you sold off everything!</p>

<p>“murderer=evil
murderer + green costume=protecting your freedom”</p>

<p>that isn’t patriotism. that’s vigilantism. People like it because it is a quick, easy fairy tale form of ‘justice’. superheroes themselves represent dreams that people have of being extraordinary. it has nothing to do with loving one’s country (although original American comics were of course infused with American themes to help them sell).</p>

<p>your libertarian remedy suggests that all people are inherently good, intelligent, moral people. it believes that people will do the right thing regardless of whether a law exists or not. </p>

<p>would companies really be so nice and caring as to set up independent safety committees to judge the quality of their products? i didn’t know that companies cared about their customers–I assumed that they all were concerned mainly with profit margins. what if no drugs had any safety seals? drugs would obviously still be bought and used regardless. what incentive would a company have to make an independent group that could potentially reject their work and set them back millions of dollars? that is, of course, assuming that a group of companies could even make a nonpartisan committee in the first place. would you trust a Phillip-Morris Seal of Approval for cigarettes? and what happens to competitors with a genuine product but no seal of approval? how does Levitra break into the ED market when Viagra has the only credible Seal of Approval and wants to keep it that way?</p>

<p>when the state can’t control who gets patents, then no one can hold one and say that it has any value. no real patents means no protection against copy-cats. take the cotton gin. it was simple and multiplied the efficiency of cotton picking by a huge factor. but without patent protection, Eli Whitney never earned the millions that he would have been privy to had he secured a patent (it was too easy to recreate). the same can be said for Nikola Tesla and his inventions. no patents means no money for companies.</p>

<p>drug prices may fall, but so will quality and the assurance of safety. you can not seriously assert that companies will test their products or the products of their competitors without bias. </p>

<p>speeding cameras are still a developing field. the british (who use them extensively) find that they reduce speeding violations by a significant amount. america (which uses them much more sparingly) has mixed studies–Virginia reports an increase, NC a vast decrease, Texas a large decrease when combined with other factors. whether they work or not is inconclusive. but they aren’t there just to make money; they’re also there to make sure that the law (even ones we all break) isn’t being defied to the danger of others.</p>

<p>i’m too tired to fight anarcho-libertarianism tonight. i’ll continue tomorrow.</p>

<p>“who pays the reparations? the state? but you sold off everything!”</p>

<p>Those who stole it. I’m sure selling the national zoo (e.g. all the governmental buildings in Washington DC) will provide enough money. If that isn’t enough, then make the sadistic people in Washington DC (e.g. politicians) pay for it all. If neither is enough, then your question is analogous to asking me what is justice for a man who had $1000 stolen from him and the thief lost it? To that I would say “some form of labor from the thief”.</p>

<p>“that isn’t patriotism. that’s vigilantism. People like it because it is a quick, easy fairy tale form of ‘justice’. superheroes themselves represent dreams that people have of being extraordinary. it has nothing to do with loving one’s country (although original American comics were of course infused with American themes to help them sell).”</p>

<p>I don’t know if you caught my reference but a murderer with a green costume is a US soldier.</p>

<p>“your libertarian remedy suggests that all people are inherently good, intelligent, moral people. it believes that people will do the right thing regardless of whether a law exists or not.”</p>

<p>As I’ve said before, I do not know how my “system” would pan out. If a lot of society was corrupt, then we can’t have a government since the government is made up of the same bad people. It’d be like trying to wipe dirt with dirt.</p>

<p>If people were truly good, then we wouldn’t need a government in any case.</p>

<p>My belief is that all people desire to be good, but their sense of good is corrupted one way or another so they redefine the concept of good to fit their distorted reality (e.g. violence is okay to use on rich people since poor people exist).</p>

<p>In any case, none of these arguments provides justification for government.</p>

<p>“would companies really be so nice and caring as to set up independent safety committees to judge the quality of their products?”</p>

<p>Consumers would demand it. If they truly wanted safe medicine, they would not buy medicine from the shady drug company.</p>

<p>Still, the current system has problems. Even you’re supposed problems you came up with still would (and do) occur in our current system. You have to use a control. The control here is the current system. Comparing a proposal to an unachievable situation does none of us any good.</p>

<p>“what if no drugs had any safety seals? drugs would obviously still be bought and used regardless.”</p>

<p>Well a competitor could just come in and sell the drug with certification. Remember that patent law is a monopoly on ideas, which is completely unenforceable. The only reason it exists now is because of mercantilistic relations between a government (which you cannot choose) and business.</p>

<p>“drugs would obviously still be bought and used regardless. what incentive would a company have to make an independent group that could potentially reject their work and set them back millions of dollars?”</p>

<p>See above. A competitor could just come in, pay the one-time fee and make a lot more in the long-run. When was the last time you heard of somebody from the US getting shady drugs from thrid-world countries? It doesn’t happen very often because people would rather stick to old and tested then new and shady.</p>

<p>“would you trust a Phillip-Morris Seal of Approval for cigarettes?”</p>

<p>No, I wouldn’t. I wouldn’t buy cigarettes from them (if I smoked in the first place that is). The only reason that you don’t see more approval agencies is because the monopoly the FDA has on testing drugs. In a society where you can choose your own government (or have no government if you like to live on the edge), people can escape the mercantilism I have mentioned before (e.g. FDA-drug company relationship, big oil-government relationship).</p>

<p>“and what happens to competitors with a genuine product but no seal of approval?”</p>

<p>Who says there is only one approval agency? If one refuses to approve it, then another will surely test the drug since they want the money. And it is in the best interest of the testing agency to not give out a bad drug, unless they want their reputation (all they have) ruined. So you would have multiple competing testing agencies all heavily selected for safety, innovation, and price (no more monopolies on ideas).</p>

<p>“when the state can’t control who gets patents, then no one can hold one and say that it has any value. no real patents means no protection against copy-cats. take the cotton gin. it was simple and multiplied the efficiency of cotton picking by a huge factor. but without patent protection, Eli Whitney never earned the millions that he would have been privy to had he secured a patent (it was too easy to recreate). the same can be said for Nikola Tesla and his inventions. no patents means no money for companies.”</p>

<p>That is not true. There have been studies on this (which I can’t find right now) that relaxation of copyright laws and patent laws does not lead to less profits. Have you ever bothered to think how it makes little sense that old drugs still cost lots of money? The government prevents competition from entering the marketplace.</p>

<p>“drug prices may fall, but so will quality and the assurance of safety. you can not seriously assert that companies will test their products or the products of their competitors without bias.”</p>

<p>As I said before, all they have is their reputation. One drug like Vioxx gets past them and they will lose profits due to fear of bad testing from them.</p>

<p>“speeding cameras are still a developing field. the british (who use them extensively) find that they reduce speeding violations by a significant amount. america (which uses them much more sparingly) has mixed studies–Virginia reports an increase, NC a vast decrease, Texas a large decrease when combined with other factors. whether they work or not is inconclusive. but they aren’t there just to make money; they’re also there to make sure that the law (even ones we all break) isn’t being defied to the danger of others.”</p>

<p>I have seen studies which show that they INCREASE the risk of accidents. They really are there to make money. If they truly make people safer, then the private road owners would install them. Nobody wants to have a big car crash on their property, right?</p>

<p>“i’m too tired to fight anarcho-libertarianism tonight. i’ll continue tomorrow.”
Well, you certainly have shown in interest in debating on an intellectual topic (something I would expect from a future Chicago student). Since you have not attacked me, I take it you have a keen interest in debating and truth rather than blahing over my face.</p>

<p>Check the “Stateless Society”: articles on this page for the pragmatics of a stateless society:
<a href=“http://www.lewrockwell.com/molyneux/molyneux-arch.html[/url]”>http://www.lewrockwell.com/molyneux/molyneux-arch.html&lt;/a&gt;&lt;/p&gt;

<p>Well, some people need to live in a make believe world. Or at least believe that one can exist. At least our government is set up so 1 individual can’t make decisions that affects the entire country.</p>

<p>I didn’t associate green costumes with soldiers–I thought you were talking about someone like the Green Lantern. I guess my age is showing =/</p>