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Socialism -- a pathway to disaster

Discussion in 'Elections' started by KenS, Feb 26, 2020.

  1. Shad

    Shad Veteran Member

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    Most governments spend money they do not have. It isn't unique to the US. The US is just the prime example. Entitlement programs are next to impose to repeal as people freak out over cuts while whining about government spending habits.
     
  2. dfnj

    dfnj Well-Known Member

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    Back in the 50s there was an expression "Guns or butter". We've had "guns" for 50 years now. Look at debt as a percentage of GDP:

    Federal Debt: Total Public Debt as Percent of Gross Domestic Product

    Bill Clinton's second term was the best economy in my lifetime. I would like to see us return back to Bill Clinton's tax rates and tax policies. We actually had a surplus back in 2000 before GWB administration went on a 4 trillion dollar spending spree.

    I think we need to pull back our troops from the ME. We need to stop dropping 35,000 bombs every year around the World. And rebuild our domestic economy so we have the tax base to support the excessive military spending we will undoubtedly need the future.
     
  3. Shad

    Shad Veteran Member

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    You are confuse budget deficits/surplus with national debt. A budget is not restricted to only spending based on existing revenue but what is requested by those making the request.If a budget is in excess of revenue a surplus is misleading.


    Those savings will be redirect to foreign aid. Toss in that does nothing to address USAF and USN support which has been the primary form of support for a few years. The problem with the ME is that the US dollar is the petrol dollar. If the US withdraws the oil market will have major issues thus the USD will have issues. The US is economically tied to the ME oil supply and has been for decades

    As per the above the USD is based on oil. Oil is traded only using USD in almost every nation except for Russia, Iran and Venezuela. Two of those have economies in some form of collapse.

    Wars are never budget friendly and never will be.
     
  4. metis

    metis aged ecumenical anthropologist

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    When high-efficient masks to protect medical staff that used to sell for under $1 are now being sold for over $7 to hospitals, please tell us how capitalism is supposedly helping to protect them and us? When hospitals have to put in bids to get masks and respirators, please tell us how that is making us all safer? When we have a president who is repeatedly saying that we should let the free-market just play out on this, please tell us how this is going to help us in this emergency? China made the organized and centralized decision, and they're very much on the mend, but is anyone here in the States optimistic that we are going to get out of our mess anywhere near as quickly?

    IOW, since when is being organized and working together a fault? When is sharing a fault? And when is Jesus' teachings on sharing and working together for the common good a fault?
     
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  5. Milton Platt

    Milton Platt Well-Known Member
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    Entitlement programs are not bad in and of themselves. they just don't need to be implemented without funding.
     
  6. Jaiket

    Jaiket Well-Known Member

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    Hi again.

    There is something to the label I reckon, but I agree that's what it is. A moderately better version of what already exists in capitalist countries would probably suffice for most of us.
     
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