Democrat says we're going bankrupt...
in [Design]
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From: krw on 18 Jul 2010 18:39 On Sun, 18 Jul 2010 15:13:20 -0700, "Joel Koltner" <zapwireDASHgroups(a)yahoo.com> wrote: >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. It would be nice if those fees paid for even the park maintenance.
From: Spehro Pefhany on 18 Jul 2010 22:04 On Sun, 18 Jul 2010 18:39:38 -0700 (PDT), the renowned Bill Bowden <wrongaddress(a)att.net> wrote: >"If I weren�t so lazy I could dig up numbers to at least approximate >the values of some of the question marks in the table. Farms own land >and tractors, banks own buildings and ATM machines, Seems a bit fraudulent to count the same assets multiple times, doesn't it? The total value of the stocks in those companies is already counted in the sum of all personal net worth. 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: JosephKK on 19 Jul 2010 04:45 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 >>> > -- >>> 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 Sounds like the next one to come out will be really interesting.
From: hamilton on 22 Jul 2010 10:35 On 7/21/2010 8:38 PM, Bill Bowden wrote: > > They look about the same, 4.5 trillion each. The difference is social > security is holding 4 trillion in bonds, which is part of the national > debt. The money was loaned to the government, and we want it back, > with interest. And any politician that doesn't agree will be looking > for a new job. > > -Bill At what point did the politicians decide to spend SS withholding ? The "promise" of a retirement if you just "pay into this little insurance policy" has not held up as the original framers had thought. My history in vague on these points. Can some one help one who was schooled in a gov'mt skool. hamilton
From: krw on 22 Jul 2010 18:25
On Thu, 22 Jul 2010 08:35:03 -0600, hamilton <hamilton(a)nothere.com> wrote: >On 7/21/2010 8:38 PM, Bill Bowden wrote: >> >> They look about the same, 4.5 trillion each. The difference is social >> security is holding 4 trillion in bonds, which is part of the national >> debt. The money was loaned to the government, and we want it back, >> with interest. And any politician that doesn't agree will be looking >> for a new job. >> >> -Bill > >At what point did the politicians decide to spend SS withholding ? With the first dime collected. >The "promise" of a retirement if you just "pay into this little >insurance policy" has not held up as the original framers had thought. It was sold to the people as an "insurance policy", but to the Supreme Court as a "tax". Remind you of anything recently? >My history in vague on these points. > >Can some one help one who was schooled in a gov'mt skool. Well, I went to one, too, but before they stopped teaching civics (or just teaching, for that matter). |