Bernie Sanders

[KagatobLuvsAnimu]

Originally Posted by iruinedyourday [You must be logged in to view images. Log in or Register.]

thats not true nirg not at all.

hes going after anyone making 250k a year or more, if you dont know that then you just are thinking with your hip and not your brain, pal.

Unless of course by going after the 60k a year you mean, hes going after a way to lock in your retirement and make sure you have better health care and quality of life with employers not to mention, more employment for that salary range.

Citation needed.

[iruinedyourday]

prob too many words for you, or you think forbes is some biassed libtard forum who knows how your mind works

http://www.forbes.com/sites/peterjre...e-sanders-win/

[KagatobLuvsAnimu]

The 250k figure is talking about social security benefits not taxation. According to Forbes. I also love the...

The document talks about closing loopholes but doesn't get specific.

[Orruar]

Originally Posted by KagatobLuvsAnimu [You must be logged in to view images. Log in or Register.]

The 250k figure is talking about social security benefits not taxation. According to Forbes. I also love the...

Often when they say "close loopholes", they mean remove deductions that people making as little at $40k a year are likely to take. Republicans do this too. And if anyone says they're for balanced budgets, but don't specify what government spending they're willing to cut, then they're talking out of their ass. There's no way we could tax enough to cover current levels of spending.

[iruinedyourday]

Originally Posted by Orruar [You must be logged in to view images. Log in or Register.]

Often when they say "close loopholes", they mean remove deductions that people making as little at $40k a year are likely to take.

can you give me a single example that would make you say this?

And please even if you can find a single example, since were talking about the democratic party here, make it an example where a democratic instituted a change like this.

[Pokesan]

what's the benefit/usefulness of a balanced budget

[KagatobLuvsAnimu]

Originally Posted by Pokesan [You must be logged in to view images. Log in or Register.]

what's the benefit/usefulness of a balanced budget

It makes a candidate sound like they give a fuck and theoretically gets them votes.

[Orruar]

Originally Posted by Pokesan [You must be logged in to view images. Log in or Register.]

what's the benefit/usefulness of a balanced budget

Is this a serious question? Assuming it is, I'll treat this like explaining it to a child, because I can't picture a grown adult asking something so obvious.

Every time the government spends more money than it collects in taxes for the year, it has to borrow money from someone to make up the difference. When you borrow money from someone, they charge you a fee for the time that you have the money. We call this fee "interest". Currently the US government spends over $200B a year on interest. That's $200B we don't have for other things like roads, health care, education, and bombing brown people. And that's a lot of money Timmy!

[Pokesan]

Originally Posted by Orruar [You must be logged in to view images. Log in or Register.]

Is this a serious question? Assuming it is, I'll treat this like explaining it to a child, because I can't picture a grown adult asking something so obvious.

Every time the government spends more money than it collects in taxes for the year, it has to borrow money from someone to make up the difference. When you borrow money from someone, they charge you a fee for the time that you have the money. We call this fee "interest". Currently the US government spends over $200B a year on interest. That's $200B we don't have for other things like roads, health care, education, and bombing brown people. And that's a lot of money Timmy!

I'm quite aware of what interest is, please provide an actual explanation instead of jerking yourself off about how dumb I am - everyone already knows that.

[Orruar]

Originally Posted by Pokesan [You must be logged in to view images. Log in or Register.]

I'm quite aware of what interest is, please provide an actual explanation instead of jerking yourself off about how dumb I am - everyone already knows that.

Paying $200B a year in interest isn't enough of an explanation for why running neverending deficits is a bad plan? I don't understand what you're missing here.

Let's put it in personal finance terms. Would you go out and throw $100k worth of vacations on a credit card, and then just pay $20k in interest per year in perpetuity without ever paying off the debt? It's all about standard of living. Sure your standard of living was great during the $100k hookers and blow cruise through the Caribbean, but your standard of living is reduced until you pay off the debt.

Because of the profligate spending of previous generations, we're now having to waste $200B a year on interest rather than using it for useful things like roads, schools, and medical care. And this is during a time of historically low interest rates. The interest payments are only going to get more onerous as interest rates rise.

Edit: China