US budget deficit edges higher in October.

Simple. Post WW2 debt was domestic debt and USA was probably a net foreign creditor following WW2. All of the money was invested in USA manufacturing facilities.

Currently 30+% of US government debt is foreign owned and is therefore subject to external factors in case foreign creditors seek to liquidate.

 

Debt is debt. What you're talking about is an entirely different subject.

 

not really, back then, there wasn't much trade, so it had little to do with foreign competition. what happened was that the govt simply started spending money. the more money we spent, the more jobs were created. the more jobs were created, the more money people had. the more money people had, the more money they could spend. the more money spent, the more jobs created and so on and so forth.

If you think about it, what was the DEMAND for the products we were producing? It was the tanks and war machines that were being sent overseas to be DESTROYED. In other words, simply creating products, and then taking those products and destroying them (aka consuming them) - will by itself, stimulate an economy. Thus, consumption is what drives an economy.

That's CLASSIC keynesian economics.

 

Call it can expense. Call it profit. Call it whatever, but it's just semantics. What's really happening is money from the company that is being paid out to individuals (be it investors or executives or whomever), is not money that is going into "potential growth" as you have argued.

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because a percentage of corporate profits does get reinvested into the company , and that's not something we want to tax. Better to tax personal compensation first.

 

After all the money is paid out to executives and investors, how much of that is "retained"? And how much of that retained earnings is actually used to create more jobs?

I do agree, though, that we shoudn't tax investment - and that's why i prefer to raise personal income taxes rather than corporate taxes.

 

yes, ends of days, blah blah blah
tin foil hats on
most modern industrialized nations dont have an armed citizenry
their governments are quite stable and things are doing quite well

You quoted ronald reagan about America's "most dangerous enemy." ironically, the most dangerous enemy we face today, is people like you - people who spread ignorance. Ignorance is probably America's greatest enemy. And you can't fight ignorance with guns.

 

What do you think is going to happen when we can no longer pay our ever increasing debt?

http://money.cnn.com/infographic/news/economy/who-we-owe/

Don't be so naive.

 

Lol, the post office and EPA are stocking up on millions of rounds of ammunition? And you wonder why nobody takes republicans seriously.

 

The post office has been buying ammunition for over 200 years and you are just finding out now?

http://gunssavelives.net/blog/yes-t...s-buying-ammo-no-its-not-some-big-conspiracy/

 

Lol, a blog on gun saves lives.net?

 

you shouldnt be so naiive
your link says we owe $5 trillion, as if that's supposed to impress me
$5 trillion is not much money, given our annual GDP of $17 trillion
the debt "scare" is nothing but a tactic by conservative politicians, used to falsely scare people into supporting conservative ideology
conservatives use the debt as a boogeyman to justify their desire to cut all social welfare programs, which is their real goal.
dont be fooled

honestly, the debt isn't that big of a problem. The US can easily repay it's debt (simply by raising taxes). The only time the government would not repay its debt is if the loons on the right pass a bill forcing the govt to not repay its debt.