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#1
08-04-2007, 02:14 PM
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Re: Is the national debt a good thing or a bad thing?
i can't really vouch that the information on this site is 100% accurate / legit but it seems to be.
Might be worth checking out if you're interested in knowing a bit more http://www.brillig.com/debt_clock/ Although a lot of government spending is worthwhile and provides great value to the citizens of its country, nobody would debate that gov'ts are inefficient and often squander vast amounts of money on endeavors that create little to no value to most of its citizens. 
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#2
08-04-2007, 03:32 PM
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Re: Is the national debt a good thing or a bad thing?
[ QUOTE ]
i can't really vouch that the information on this site is 100% accurate / legit but it seems to be. Might be worth checking out if you're interested in knowing a bit more http://www.brillig.com/debt_clock/ [/ QUOTE ] Sensationalism like This is exactly why so many people assume national debt and defecit spending are bad...
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#3
08-04-2007, 06:59 PM
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Re: Is the national debt a good thing or a bad thing?
I agree, the site is certainly slanted towards the viewpoint of its creator...
I certainly think it's important for all of us to know more about our debt so that we may help to influence how our government spends our money... seems only fair. For example, I'm all for the gov't spending money on heavily padded no bid haliburton contracts, but I just get an upset stomach thinking of all the old people we're paying to take care of and keep alive- shame we can't just execute them all instead. But i'm not trying to imply that the debt is bad! I just wish we were putting more money into say... wars, and less into schools.
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#4
08-04-2007, 07:07 PM
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Re: Is the national debt a good thing or a bad thing?
One problem with deficit spending is that is places the burden of current service payment on future tax payers. This is ok in some circumstances. Future generations would be happy to go into debt to win a war because otherwise the country might not exist. But debt shouldn't be used to pay for expenses that don't benefit the future generations. Thats the problem I see with a lot of the current deficit spending. We are borrowing money to pay for the day to day gov't expenses and this debt will have to be paid back by people who received no benefit. Its an unsustainable practice.
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#6
08-07-2007, 02:26 AM
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Re: Is the national debt a good thing or a bad thing?
[ QUOTE ]
I'd say it depends on your credit. Since US has the best credit, it can borrow at ridiculously low rates, and then grow investment [/ QUOTE ] Very true, but how long will that last?
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#7
08-08-2007, 06:30 PM
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Re: Is the national debt a good thing or a bad thing?
[ QUOTE ]
[ QUOTE ] I'd say it depends on your credit. Since US has the best credit, it can borrow at ridiculously low rates, and then grow investment [/ QUOTE ] Very true, but how long will that last? [/ QUOTE ] Until we run out of "smart bombs", so pretty much forever. Jimbo
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