Replies to post #487866 on Tornado Alley (PROG)

[arizona1]

Why do you love a........???????

[newmedman]

if you spend more money than you bring in...you are broke.

I definitely don't want to bring in a bunch of economic metrics that I know nothing about.. I do pay attention and I'm fairly positive that our federal reserve doesn't act like an average apartment renter.

I mean, if you had literally trillions of dollars to leverage, then wouldn't it make the best sense to take advantage of rocky global economic situations and pay down debt while investing in the future of your own economy? The US dollar is the world's fiat so unless that ever changes in our lifetimes, we are not "broke" right?

I'm just asking because I don't concern myself with this stuff much. I've just been hearing politicians harp on it for the last 30 years or so and I get a lot of mixed messaging.

What is your idea for a bright financial future aside of telling me we're all fucked? I know, stuff gets more expensive every year and it has every year in my 54 year old life but I always took it. If a candy bar was still a dime, I'd have no teeth left.

[SoxFan]

How stupid are you? The USA can generate as much revenue as it needs as long as we continue to pay interest on the debt. The problem is not taxing businesses and individuals enough for what we spend. We can raise more revenue easily enough by raising taxes and also lowering spending. We are certainly not broke by any means. Obviously you know very little about balance sheets and income statements. When a company suffers a loss on the income statement are they broke? So what's the balance sheet look like for the United States. What are our assets?