Thread: Government Finance 101

The most troubling thing is that if these numbers were an actual person, I wouldn't care. I have no stake in what someone else does with their money and they can be in debt for their entire life if they choose.

What I don't understand is how the government, who isn't using money of their own (aside from the fact that they illegally print it), can get this bad. You would think at this point (actually, over 20 years ago), there would have been some sort of up-rise.

My completely uninformed mind (honesty) is convinced the US will soon experience hyperinflation and controlled devaluation of our currency until all hell breaks loose. I just doubt the USD will be the world "reserve currency" for much longer and these will be the results.

Originally Posted by ats200

The most troubling thing is that if these numbers were an actual person, I wouldn't care. I have no stake in what someone else does with their money and they can be in debt for their entire life if they choose.

What I don't understand is how the government, who isn't using money of their own (aside from the fact that they illegally print it), can get this bad. You would think at this point (actually, over 20 years ago), there would have been some sort of up-rise.

My completely uninformed mind (honesty) is convinced the US will soon experience hyperinflation and controlled devaluation of our currency until all hell breaks loose. I just doubt the USD will be the world "reserve currency" for much longer and these will be the results.

I'm afraid most folks need to look in the mirror for the answer to your question. Govt didn't get so big because the Presidents (former and present) felt like doing it. The public expects more. yea they want it cut until it affects them. This whole situation makes great talking points however most of the increase was done to answer issues that have come up over the years.

Start making cuts and people won't like it. Terrorize them by saying do it or else is just half the story.

There is always a solution unfortunately the polarization in this country won't allow a fair solution to happen.

I agree. Most people can admit that it's nice to benefit from the government and there are many people who truly rely on the government to live. When the decisions of the government directly affect someone's life, they vote in their own interest.

I think this is why we keep getting more and more government programs - because someone proposes it simply to get votes of those who would benefit. It's more or less a form of corruption but I have to agree that it's the fault of the public that the government became so large.

For the government to earn more they have to raise more tax dollars. To do this they have to raise tax rates. Or create a more business friendly environment, so that individuals can create more wealth. Then then they pay more in tax, even at a lower rate.

The problem we have is that our governments here in the states reflect how many US citizens spend. That and a feeling of entitlement.

I feel horrible for the younger generation. I am 45 (Gen X) and have 2 Gen Y children who are going to be punished for the spending of the last 50 or 60 years. Yet those who continue to spend money that is not there have little real clue as what they are doing to the working class. After all they have millions to leave for their own children.

I should run for US House of Representatives.

Jeff

Originally Posted by thebigspendur

There is always a solution unfortunately the polarization in this country won't allow a fair solution to happen.

Keeping us divided against ourselves is how they get away with it, the big government leftists vs. the big government rightists. Both are wrong In my oh so humble opinion.

Btw. Why should they(govt) get a second or third job when they can force you to get a second or third job to pay the credit card bills they racked up?

Originally Posted by nun2sharp

Keeping us divided against ourselves is how they get away with it, the big government leftists vs. the big government rightists. Both are wrong In my oh so humble opinion.

Btw. Why should they(govt) get a second or third job when they can force you to get a second or third job to pay the credit card bills they racked up?

yes, but were the credit cards used to buy frivolous stuff like fancy duds and expensive jewelry and big vacations or were they used to pay for cancer treatment or put gas in the car to get to work or retrain to get a job?