Its the debt at 16.7 trillion ..so Demos tell us you will get it to zero

[Drumcollie]

Take politics or party out of the equation when you have adebt you pay interest and the interest even at todays rate could do a lot...but the only ones trying to reduce the debt seem to be Republicans...are there any Democrats that would takle the debt to reduce it...and if so what is their plan...and please dont say Obama...because he has had 4 years to impzact the debt and has done nothing but raise the debt.

 

[Drumcollie]

oh and gecko...What is the plan you have? can actually have a plan?

 

[fairsheet]

If a man earning $10k per year is $10k in debt, he's in deep shit. If a man earning $100k per year is $10k in debt, he's doin' just fine. So, given a choice between being $0 in debt, or raising his income from $10k to $100k, which should the poorer man choose?

Now some might answer this one with a "both". But...there are a coupla problems with that response. First of all, since the richer guy has no problem with his $10k debt, why should the poorer guy care if he earns $100k and retains his debt? And..what about the (very likely) probability that it would be impossible for him to do both? He can't pay down that debt AND do what needs doing to increase his value to $100k?

 

[marvin martian]

And..what about the (very likely) probability that it would be impossible for him to do both? He can't pay down that debt AND do what needs doing to increase his value to $100k?

Why not? A person who is in debt the equivalent of their annual income is living way beyond their means (assuming the debt isn't due to an unforseen medical expense or something like that). Adjusting your lifestyle to be commensurate with your income is something that doesn't cost anything to do, and everyone should do it.

 

[fairsheet]

Why not? A person who is in debt the equivalent of their annual income is living way beyond their means (assuming the debt isn't due to an unforseen medical expense or something like that). Adjusting your lifestyle to be commensurate with your income is something that doesn't cost anything to do, and everyone should do it.

I thank you for expressing the radical-socialist perspective. Comrade Lenin would be so proud. But, I like our system better, and history hints at its superiority. A guy COULD focus on sustainability at the $10k level. OR....he could dream big, and think in terms of growing himself to the $100k level such that he laughs at his former obsession with that $10k debt!

 

[marvin martian]

I thank you for expressing the radical-socialist perspective. Comrade Lenin would be so proud. But, I like our system better, and history hints at its superiority. A guy COULD focus on sustainability at the $10k level. OR....he could dream big, and think in terms of growing himself to the $100k level such that he laughs at his former obsession with that $10k debt!

Clearly, you missed my point. Do you really believe a person can't pay down their debt AND increase their income simultaneously? Do you not know anyone who has done this?

 

[fairsheet]

In order for your response to be of the least value, you have to confront my first point. IF he can raise his value to $100k, why should he even CARE about that $10K debt?

I know that throwing all this capitalism mumbo-jumbo at you, is setting your head to spinning. BUT...in a functioning and thriving capitalist economy, the guy earning $100k who has no debt, is missing the boat big time. For obviously - especially if he's earning $100k - he should be able to make considerably more on a borrowed $10k, than he pays in interest. And of course, when that $10k is reinvested in our capitalist economy, our capitalist economy thrives.

Get over it man. The Soviet experiment failed. It's in all the history books.

 

[marvin martian]

In order for your response to be of the least value, you have to confront my first point. IF he can raise his value to $100k, why should he even CARE about that $10K debt?

I know that throwing all this capitalism mumbo-jumbo at you, is setting your head to spinning. BUT...in a functioning and thriving capitalist economy, the guy earning $100k who has no debt, is missing the boat big time. For obviously - especially if he's earning $100k - he should be able to make considerably more on a borrowed $10k, than he pays in interest. And of course, when that $10k is reinvested in our capitalist economy, our capitalist economy thrives.

Get over it man. The Soviet experiment failed. It's in all the history books.

You're not specifying what kind of debt the $10K is. That makes a difference. If it's consumer debt, it serves no purpose. If it's debt that was leveraged as an investment, that's different. Which one are you talking about? If you mean investment debt, I agree with you. If you mean he should have consumer debt, you're wrong.

And stop with the Soviet/socialist crap, it makes you look like an idiot...

 

[zzigzzag]

A person who is in debt the equivalent of their annual income is living way beyond their means

No one should ever buy a house on credit. They should have to pay rent to a millionaire with no prospect of ever owning it. It's the American way.

 

[zzigzzag]

What is the impzact of takling one's adebt?

 

[cricket]

no. there is no debt. money was issued, only. look at the money in your wallet- "this note is legal tender".

note(DEBT) + legal tender(CREDIT)=PAID AT ISSUE. that $10 bill says you are owed 10 bux but who in their right mind thinks they werent paid with the same in hand?

repeat 1,000 times- there are no debts there are no debts there are no debts- its all stories and scribbles.

 

[fairsheet]

Clearly, you missed my point. Do you really believe a person can't pay down their debt AND increase their income simultaneously? Do you not know anyone who has done this?

Something tells me I'm throwing a few ideas out there, that conflict with what the Fox has been shouting at you. Take a break...resolve the conflicts, and THEN respond! After all....what I'm positing is actually GOOD human/American news, even as it may not be good Fox/GOP news.