joether -> RE: No worries about the shutdown (10/3/2013 2:20:51 AM)
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quote:
ORIGINAL: DesideriScuri quote:
ORIGINAL: mnottertail I forgot the vast innumeracy. go learn economics. look, if you make a million, or you make 20 cents, and you spend a billion, you have debt and interest. if you get a raise, due to democratic principles (which is why we have better revenues) and you make another 30 cents, but it still doesnt cover your monthly nut or even your interest. . . . Who said: "doesnt matter how much the revenue is, since it has nothing to do with the borrowing and spending?" If revenues have nothing to do with the spending or the borrowing, then what's the point of raising any revenue? I have no issues with math. We are bff's. It strikes me that revenues actually do have an impact on borrowing. The difference between spending and revenues would be that part borrowed, no? The D's don't want to cut spending to reduce the debt. The R's don't want to raise taxes (in an effort to raise revenues) to reduce the debt. The debt clock keeps spinning because we keep spending. You almost have it correct here. The Republicans will not raise taxes but instead demand budget cuts. That part is correct. The Democrats are willing to make budget cuts if that also includes increasing taxes. The difference of revenue to spending can be applied to the US Debt and thus lower it over time. That would be the wise thing to do, right?
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