To give you guys an idea of how long it would take to make America healthy again financially

Discussion in 'Too Hot for Swamp Gas' started by dadx4, Aug 18, 2014.

  1. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    For something like 40 years the SS revs outpaced SS payouts, which then are invested directly into US bonds. This is the double (a)ccounting I talked about earlier. Extra money from SS through FICA is actually counted as debt.
  2. Emmitto
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    Emmitto VIP Member

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    Well don't pay for the replacement flux capacitors just yet, even if VISA "knows" you're going to buy them.
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  3. oragator1
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    oragator1 Premium Member

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    If you really wanted to count the unfunded liabilities, you should count the expected revenues against them, since both are speculative, otherwise it's purely an ideological exercise. And even then as pointed out it doesn't mean much because we haven't spent a dime of it yet, though in fairness to your point it is something that should be addressed.

    But thanks for disagreeing with my post without taking the time to refute it. :)
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  4. philnotfil
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    philnotfil Well-Known Member

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    Future.
  5. g8tr80
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    g8tr80 Well-Known Member

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    If we were very serious about drawing down the debt in a rapid fashion, the US government needs to get in the energy business. The fossil fuel kind. It would require a radical approach, but it could be done (in theory). How ever the politics that would fight it would be brutal.
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  6. OklahomaGator
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    OklahomaGator Moderator VIP Member

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    Is the royalty paid to the government different than paid to a private landowner?
  7. dadx4
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    dadx4 Well-Known Member

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    It's in the form of taxation.
  8. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    Again, this still represents a fundamental misunderstanding of the source and nature of our debt. Much of our debt is actually purchased through excess revenue in the SS program in the form of govt bonds.

    Getting heavily as a national entity invested in fossil fuels now is too low margin, too short term. It's also fairly un-American, given we posit on the notion that private entities drive markets, not federal interests.

    In other words, short of nationalizing some part of the energy industry, this won't make any real impact.
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  9. gregthegator
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    gregthegator Well-Known Member

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    yeah....try selling/pitching THAT line to ANY bank...you must be a "NEW" mathie...unfortunately THE banks won't/don't go w/convoluted reasoning...
  10. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    Actually, in the bank analogy, they wouldn't know about it, because it is essentially a future budgeting item.
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  11. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    In fact, the vast majority of any individuals budget is analogous to unfunded liabilities.
  12. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    Disagree all you like, greg, but it's true. A bank would know about your income (revenue) and your present debt. In the federal case, that debt generated from SS overflows can be converted to instant liquidity with buybacks. The future obligations are never counted in a bank's case - they may ask you about it, but even that's unlikely.
  13. g8tr80
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    g8tr80 Well-Known Member

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    I agree. It would be a radical undertaking and would require the US government getting into the energy business. It would certainly require a different way of thinking. However, we accepted doing it to a large extent with healthcare, but we cant think outside the box with energy? As far as un-American....I did say the politics would be brutal.

    But it can be done., and unlike healthcare, it could be a game changer.
  14. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    Whether it can be done or not is sort of irrelevant to the point of reducing debt. I'm personally not interested in nationalizing any industry.
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  15. dangolegators
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    dangolegators Well-Known Member

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    This is complete nonsense. If we ran trillion dollar surpluses for 100 years, we'd, by definition, be paying 100% of all obligations, like SS and Medicare, and still have 1 trillion dollars left over each year. Dad, do you understand what a surplus means?
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