Democrat says we're going bankrupt...
in [Design]
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From: m II on 18 Jul 2010 14:55 dagmargoodboat(a)yahoo.com wrote: > Well, one problem would be that $14T divided by 100e6 taxpayers = > $140,000 each. Will you be paying cash or by check? > Last time I looked, the average taxpayer paid 7500 dollars a year. I also don't believe there ARE 100 million taxpayers. There may be, but I doubt it. Then there's the compound interest. That 14 trillion becomes triple or quadruple that amount if paid off in twenty some odd years. The way politicians of ALL persuasions spend money is insane. mike
From: Spehro Pefhany on 18 Jul 2010 15:46 On Sat, 17 Jul 2010 20:57:53 -0700 (PDT), the renowned dagmargoodboat(a)yahoo.com wrote: >On Jul 17, 12:10�am, Bill Bowden <wrongaddr...(a)att.net> wrote: >> On Jul 13, 8:36�pm, Jim Thompson <To-Email-Use-The-Envelope-I...(a)On-My- >> >> Web-Site.com> wrote: >> > Democrat says we're going bankrupt... >> >> >http://tpmcafe.talkingpointsmemo.com/2010/07/13/bowling_alone_erskine... >> >> > � � � � � � � � � � � � � � � � � � � � ...Jim Thompson >> > -- >> > | James E.Thompson, CTO � � � � � � � � � � � � � �| � �mens � � | >> > | Analog Innovations, Inc. � � � � � � � � � � � � | � � et � � �| >> > | Analog/Mixed-Signal ASIC's and Discrete Systems �| � �manus � �| >> > | Phoenix, Arizona �85048 � �Skype: Contacts Only �| � � � � � � | >> > | Voice:(480)460-2350 �Fax: Available upon request | �Brass Rat �| >> > | E-mail Icon athttp://www.analog-innovations.com|� �1962 � � | >> >> > I love to cook with wine. � � Sometimes I even put it in the food. >> >> Bankrupt? We only have a 14 trillion debt out of 200 trillion in >> assets. So, if we just taxed 7% on assets, we can pay off the debt >> this year. >> >> So, what is the balance sheet problem? >> >> -Bill > >Well, one problem would be that $14T divided by 100e6 taxpayers = >$140,000 each. Will you be paying cash or by check? > >Another problem is that you're forgetting nearly $100T in benefits >we've promised but do not yet have any money to pay ("unfunded >liabilities"). > >Another small problem would be that, for instance, all the publicly >listed companies in the United States *combined* would go for about >$19 T, as of May 2010: > http://www.world-exchanges.org/statistics/key-market-figures. > >(Where are you getting this $200T figure, BTW, and where does it >appear on the United States' balance sheet?) > >Cheers, >James Arthur The average net worth of an American family was $556,300 in 2007 (median was only $120,000), so who owns the remaining 75%-80% of the claimed 200 trillion? Does the government really own 75%-80% of everything in the US? I would have thought no more than 25-30% in a non-communist country. http://www.federalreserve.gov/PUBS/oss/oss2/2007/scf2007home.html Best regards, Spehro Pefhany -- "it's the network..." "The Journey is the reward" speff(a)interlog.com Info for manufacturers: http://www.trexon.com Embedded software/hardware/analog Info for designers: http://www.speff.com
From: Jim Thompson on 18 Jul 2010 15:49 On Sun, 18 Jul 2010 15:46:11 -0400, Spehro Pefhany <speffSNIP(a)interlogDOTyou.knowwhat> wrote: >On Sat, 17 Jul 2010 20:57:53 -0700 (PDT), the renowned >dagmargoodboat(a)yahoo.com wrote: > >>On Jul 17, 12:10�am, Bill Bowden <wrongaddr...(a)att.net> wrote: >>> On Jul 13, 8:36�pm, Jim Thompson <To-Email-Use-The-Envelope-I...(a)On-My- >>> >>> Web-Site.com> wrote: >>> > Democrat says we're going bankrupt... >>> >>> >http://tpmcafe.talkingpointsmemo.com/2010/07/13/bowling_alone_erskine... >>> >>> > � � � � � � � � � � � � � � � � � � � � ...Jim Thompson >>> > -- >>> > | James E.Thompson, CTO � � � � � � � � � � � � � �| � �mens � � | >>> > | Analog Innovations, Inc. � � � � � � � � � � � � | � � et � � �| >>> > | Analog/Mixed-Signal ASIC's and Discrete Systems �| � �manus � �| >>> > | Phoenix, Arizona �85048 � �Skype: Contacts Only �| � � � � � � | >>> > | Voice:(480)460-2350 �Fax: Available upon request | �Brass Rat �| >>> > | E-mail Icon athttp://www.analog-innovations.com|� �1962 � � | >>> >>> > I love to cook with wine. � � Sometimes I even put it in the food. >>> >>> Bankrupt? We only have a 14 trillion debt out of 200 trillion in >>> assets. So, if we just taxed 7% on assets, we can pay off the debt >>> this year. >>> >>> So, what is the balance sheet problem? >>> >>> -Bill >> >>Well, one problem would be that $14T divided by 100e6 taxpayers = >>$140,000 each. Will you be paying cash or by check? >> >>Another problem is that you're forgetting nearly $100T in benefits >>we've promised but do not yet have any money to pay ("unfunded >>liabilities"). >> >>Another small problem would be that, for instance, all the publicly >>listed companies in the United States *combined* would go for about >>$19 T, as of May 2010: >> http://www.world-exchanges.org/statistics/key-market-figures. >> >>(Where are you getting this $200T figure, BTW, and where does it >>appear on the United States' balance sheet?) >> >>Cheers, >>James Arthur > >The average net worth of an American family was $556,300 in 2007 >(median was only $120,000), so who owns the remaining 75%-80% of the >claimed 200 trillion? Does the government really own 75%-80% of >everything in the US? I would have thought no more than 25-30% in a >non-communist country. > >http://www.federalreserve.gov/PUBS/oss/oss2/2007/scf2007home.html > > > > >Best regards, >Spehro Pefhany Non-communist? ...Jim Thompson -- | James E.Thompson, CTO | mens | | Analog Innovations, Inc. | et | | Analog/Mixed-Signal ASIC's and Discrete Systems | manus | | Phoenix, Arizona 85048 Skype: Contacts Only | | | Voice:(480)460-2350 Fax: Available upon request | Brass Rat | | E-mail Icon at http://www.analog-innovations.com | 1962 | Liberals are so cute. �Dumb as a box of rocks, but cute.
From: dagmargoodboat on 18 Jul 2010 18:03 On Jul 18, 3:46 pm, Spehro Pefhany wrote: > On Sat, 17 Jul 2010 20:57:53 dagmargoodb...(a)yahoo.com wrote: > >On Jul 17, 12:10 am, Bill Bowden wrote: > >> On Jul 13, 8:36 pm, Jim Thompson wrote: > >> > Democrat says we're going bankrupt... > > >> >http://tpmcafe.talkingpointsmemo.com/2010/07/13/bowling_alone_erskine.... > > >> Bankrupt? We only have a 14 trillion debt out of 200 trillion in > >> assets. So, if we just taxed 7% on assets, we can pay off the debt > >> this year. > > >> So, what is the balance sheet problem? > > >> -Bill > > >Well, one problem would be that $14T divided by 100e6 taxpayers = > >$140,000 each. Will you be paying cash or by check? > > >Another problem is that you're forgetting nearly $100T in benefits > >we've promised but do not yet have any money to pay ("unfunded > >liabilities"). > > >Another small problem would be that, for instance, all the publicly > >listed companies in the United States *combined* would go for about > >$19 T, as of May 2010: > > http://www.world-exchanges.org/statistics/key-market-figures. > > >(Where are you getting this $200T figure, BTW, and where does it > >appear on the United States' balance sheet?) > > The average net worth of an American family was $556,300 in 2007 > (median was only $120,000), so who owns the remaining 75%-80% of the > claimed 200 trillion? Does the government really own 75%-80% of > everything in the US? I would have thought no more than 25-30% in a > non-communist country. > > http://www.federalreserve.gov/PUBS/oss/oss2/2007/scf2007home.html Another problem: if it's the government that owns all that property, they can't raise any money by taxing it. Cheers, James Arthur
From: Joel Koltner on 18 Jul 2010 18:13
dagmargoodboat(a)yahoo.com wrote: > Another problem: if it's the government that owns all that property, > they can't raise any money by taxing it. They can raise money on it by charge fees to use it, though -- while, e.g., hunting licenses and developed campground fees have been around forever, in the past few decades it seems that many states instituted fees even if all you want to do is to park next to and then hike into a state forest. |