Where is all our money?????

[truthreality]

What other causes of government debt could possibly exist?

Borrowing, insufficient revenue, decline in GDP growth, bad policies, unemployment, poor investment decisions, loans, interest rates, foreign relations (trading and such). Note: Deficit and debt are two different issues. A deficit is income minus expenses. Debt is accumulated deficit and more.

[NoJingoLingo]

High unemployment results in less local revenue for the States. Because of the debt and unemployment the Fed also has less revenue to fund programs for the States causing even more, localized debt. High unemployment is a circular problem. Thank big business for moving jobs over-seas and thank the financial sector for stealing the publics' money (bailouts).

[Senor Hoint]

Borrowing, insufficient revenue, decline in GDP growth, bad policies, unemployment, poor investment decisions, loans, interest rates, foreign relations (trading and such). Note: Deficit and debt are two different issues. A deficit is income minus expenses. Debt is accumulated deficit and more.

Yes, but all of those are factors in spending due to policies that Congress enacted by choice. So they were all spending decisions. Not necessarily poor ones, of course. I think that spending 19% of the federal budget on the military and the even greater portions on health care is probably a poor spending decision, though.

Put another way, the government could, in theory, always match spending to revenue. But bad spending decisions prevent this.

[Dan74]

Thank big business for moving jobs over-seas

The conservatives are actually right when they say that labor needs to be cheap for society to function. That's because we live in a capitalist society. Things won't function if labor isn't cheap. Plus, even if jobs were required to stay within the U.S., the bourgeoisie could easily manipulate legislators to lower the minimum wage (or get rid of it entirely).

[NoJingoLingo]

Yes, but all of those are factors in spending due to policies that Congress enacted by choice. So they were all spending decisions. Not necessarily poor ones, of course. I think that spending 19% of the federal budget on the military and the even greater portions on health care is probably a poor spending decision, though.

Put another way, the government could, in theory, always match spending to revenue. But bad spending decisions prevent this.

And why do you think the "government" would make such bad decisions? Who could possibly benefit from those bad decisions? Could it be monied interests?

[NoJingoLingo]

The conservatives are actually right when they say that labor needs to be cheap for society to function. That's because we live in a capitalist society. Things won't function if labor isn't cheap. Plus, even if jobs were required to stay within the U.S., the bourgeoisie could easily manipulate legislators to lower the minimum wage (or get rid of it entirely).

Well that's odd, we seemed to be doing pretty good with reasonable wages which built the middle class until the 1% decided they needed even MORE money. Then wages for everyone else stagnated as companies moved jobs overseas for higher profits.

[truthreality]

Yes, but all of those are factors in spending due to policies that Congress enacted by choice.

Economic Policies do not always deal with spending.

So they were all spending decisions.

Are you saying the Bush tax cuts were a spending decision?

[Charlatan]

I was just pondering as I usually do, today, about where exactly it is all our money is (meanin tax dollars)? I mean obviously we know about the bailouts etc, but does this really explain where the f all our money went? I constantly read or watch news casts, ads, and stories about how all our courthouses, schools, etc are too poor and shutting down and how our federal, state and local governments are "poor and have no money", but how exactly is this possible?

Am I missing something here? We have a federal sales tax, state sales tax, income tax, medicaid/medicare tax, ss tax, thousands of llegal excise taxes on alcohol, ciggaretts, tanning etc, property taxes, court fees for filing, fines, tickets, fees for taking government forced classes like Batterers education that cost the convicted $100 more than a volontary participant, fees for probation/parole, license renewal fees for driving, occupational licenses, license plate sticker renewal fees, license plate charges, taxes on purchasing houses, cars, fishing license, hunting permit, handgun permit, permit to carry and conceal, and on and on and on and on and on and on and on. Not to mention property taxes in most areas were inflated by the local governments to swindle more money, more money, more money. Increases in bills to citizens for utilities ran and monopolized by the local governments, are a factor too and FCC make believe taxes and fees.

Where is this money> How are they so poor?

Actually, if you were to look into it, let's say that three hundred million people make a thousand dollars a month. THis means that they will pay more then one hundred dollars tax, totalling thirty billion a month. Each time they spend thier money, they pay sales tax, coming to an abhorrent number of all thier money eventually going to taxes and then paying taxes on money they don;t even have in effect as it cycles through the country. All that is from the poorer people, and ninety percent of the money collected comes from the rich or one percent.

There is something screwy going on, where is all of it? Each month? Hells bells.

[Dan74]

Well that's odd, we seemed to be doing pretty good with reasonable wages which built the middle class until the 1% decided they needed even MORE money. Then wages for everyone else stagnated as companies moved jobs overseas for higher profits.

Technology was primitive and expensive. If everything produced in the USA, with the current wage laws, their prices would be significantly higher.

The reality is that you can't have "good" capitalism. Things like this need to happen for the capitalist system to function.

[Senor Hoint]

Are you saying the Bush tax cuts were a spending decision?

Well, I guess technically no. I suppose I should have been saying "fiscal decisions." So, bad fiscal policy is the cause of debt. Not solely spending decisions.

[NoJingoLingo]

Technology was primitive and expensive. If everything produced in the USA, with the current wage laws, their prices would be significantly higher.

The reality is that you can't have "good" capitalism. Things like this need to happen for the capitalist system to function.

The reality is that you'd have more money to buy at the higher price with something left over to save for your kids college. The "current wage laws", I assume you mean the minimum wage, leaves you below the poverty line.

[Dan74]

The reality is that you'd have more money to buy at the higher price with something left over to save for your kids college.

No you wouldn't. Either prices skyrocket or wages tank.

The "current wage laws", I assume you mean the minimum wage, leaves you below the poverty line.

Yes, what's your point?