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Leif Erikson Leif Erikson is offline
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Default How Real Americans Can Compete with "Hard Workin" Day Labor

Brent P wrote:
In article . com, wrote:

strawmen arguments deleted



No, again, if you look at how big the economy is today, and tax
revenues that support the ability to pay, the US govt is doing fine.
Doing fine? Only the interest is being paid on an ever increasing debt.
That is not _fine_.


It;s been fine since 1776.


Back then the US government actually paid principle back...


As they do today.


The US
government hasn't paid any principle back now since the 1960s.


False.


Just moved
the debt from one credit card to another.


Which isn't the same thing as not paying back the
principle.


There is stuff left to forclose on. What happens once the infastructure
has all been 'leased' for 99 years to foreign corporations? What happens
when all the ports are 'leased' away? What happens when there is nothing
left? What happens when the population can't provide enough tax revenue
to meet the interest payments? You propose borrowing into infinity
because today things seem ok. They might not be ok later... In fact
borrowing into infinity insures that they won't be ok at some point. It's
already quite a balancing act to keep things going. When the juggler
misses a ball, what happens?


What happens when a big old meteor hits the earth?


Non-responsive.

nonsense snipped

You don't apparently know what happens to 'developing countries'. The
borrowing is designed to break them


False.



Oh yes, another big old conspiracy. Has anybody taken over Chile,
Argentian, Brazil, Sudan, etc lately? Maybe somebody should, but last
time I checked, nobody had.


Strawman. Nobody takes over the government. They take the wealth


False.


When their debt and assets
are out of wack they have more and more trouble borrowing. You are again
playing with strawmen. Assigning a 'no debt' argument to me then knocking
it down. This is your continued nonsense. I grow tired of it.


And I grow tired of the word STRAWMAN in lack of anything cogent.


You keep using that technique,


He hasn't done it *once*. You don't know what the term
means. You misuse it every time you write it.


The problem is that the US federal government is borrowing into infinity
and not reducing principle, just adding to it. On top of this future
liabilities are huge. It's a set up for disaster. You say 'don't worry,
be happy, things are good now'. Corporate borrowing uses the good times
to pay off the loans from the bad times, not to borrow even more and dig
a deeper hole!


Oh, really? Go check the corporate debt of IBM, GM, GE and Boeing.
According to you, it should be zereo or lower than it was decades ago.
In fact, you will find it larger. Why BECAUSE they are succesful and
growing you moron.


Strawman.


Misuse.


I'm so sorry you find STRAWMEN everywhere.


That's because


No. You don't find them *anywhere*. You are misusing
the word, every time.