What is driving US debt?
- Thread starter Tonington
- Start date
Investment on infrastructure is almost always good, depending on how it's done. We definitely need adequate infrastructure with some provision for future growth, we just have to make sure that crooked outfits don't get the contracts (like Gaglardi style 1950s) The burning question now is should it be continued as debt paid off by the taxpayer in general or should it be paid on a sliding scale by users depending on the amount they use it? I lean toward the later. (I don't think an old pensioner in Fort St. John should be paying for the Port Mann Bridge)
Did my prior post not show up? Or does everyone just want to ignore the elephant in the room?
As long as the govt can only create money by issuing interest bearing bonds there will never be a way out of debt. All the tax increases and spending cuts in the world aren't gonna help.
Let me try for simplicity.
You borrow $1000 from the bank for 1 year at 5% simple interest. You put the cash under your mattress for the year. At the end of the year you take the $1000 back to the bank to pay off the loan. Obviously you can't pay out the loan because you need $1050.
This is how our monetary system works. We can never pay out the debt because of the interest attached when the currency is created.
As long as the govt can only create money by issuing interest bearing bonds there will never be a way out of debt. All the tax increases and spending cuts in the world aren't gonna help.
Let me try for simplicity.
You borrow $1000 from the bank for 1 year at 5% simple interest. You put the cash under your mattress for the year. At the end of the year you take the $1000 back to the bank to pay off the loan. Obviously you can't pay out the loan because you need $1050.
This is how our monetary system works. We can never pay out the debt because of the interest attached when the currency is created.
Do they not all depend on inflation for lowering the value of loans. And no I did not miss it.
How about the Guernsey model to pay for infrastructure. They don't issue interest bearing bonds to generate the funds. They just print the money and it filters into circulation as the infrastructure gets built. No debt involved, no extra taxes, no spending cuts.
I cannot say it enough. Until the govt stops creating money from bonds that bear interest we are f*cked!
You are asking difficult questions as no one is totally isolated. For your first question, probably not, for your second I guess it depends on two things.............how much we want tourists and I guess if they come here with say $200 to spend, does it matter whether it's spent on the bridge or in a restaurant or in a motel. With tourists we are talking buckshee money. :smile:
Well, every president has to deal with assassination plots or attempts. I imagine Jackson's response was something to see. Of all the Presidents the US has had I think he is the only one I could see taking on the assassin himself.
Wouldn't that be covered by municipal taxes?
I'll speak for myself, Taxslave. Apparently I am threatening you and your view of your entitlements, otherwise there would be no need for you to make up BS about me. That's tough. I'm guessing you still get your talking points from 1960s Social Credit pamphlets. By now we should realize that the era of get rich schemes at others expense is going to run into trouble. And that is all they were about. And now there is trouble.
Only inside city limits, not the highway or all the sideroads.
I was thinking more about the highly subsidized ferry system where taxpayers cover part of the cost of getting a tourist to the islands so the stores can flease them. It is the same as paying the airlines to bring tourists into BC. This is just a form of corporate welfare.
Not get rich at someone else's expense. It is about supplying a market with resources that we have and creating good jobs in remote areas and creating a revenue stream for governments to provide the services we require. This is the most important issue facing us.
You just want to destroy our economy .
Our oil industry is fledgling just like the alternatives are fledgling. If the CDN oil industry were shut down today, we'd still NEED a gateway or TMPL to bring oil in.
Here is the scoop. If you don't want Canadians burning coal or oil or nukes to make electricty, you are in luck.. We have so much natural gas it's coming out of our asses. The majority of coal fire plants are already using NG in the boilers to reduce emissions and bump up BTUs thus MWs. The coal can be dropped easily and the old boilers will use the NG until the end of their service lives as NG turbine plants are built to replace the old boilers.
Here is the scoop. If you don't want Canadians burning coal or oil or nukes to make electricty, you are in luck.. We have so much natural gas it's coming out of our asses. The majority of coal fire plants are already using NG in the boilers to reduce emissions and bump up BTUs thus MWs. The coal can be dropped easily and the old boilers will use the NG until the end of their service lives as NG turbine plants are built to replace the old boilers.
Yes if a Canadian tourist. I paid for that monstrosity too.
No, it was get rich at someone elses expense, the native nations, anybody in the way of their developments, future generations... And we aren't learning, We still elect governments that think they are clever because they can sell our resources. Without realizing that the resources will disappear in short order and that they have sold us and our children short. We borrowed billions so that corporate greed could be satisfied. We have borrowed from our grandkids so that we can have the services you talk about. One thing we could do to have those services sustainable is to have a sustainable resource economy.
More BC BS. If you want to know something it is better to ask a question than it is to make up an answer.
With ferries I'm all for user pays. But even that can get rather complicated. Someone has to decide on the break down among passengers, vehicles and freight.
Well, I was think of tourists with out of province plates.
My comment was satire -sarcasm- irony - and not intended as an insult to you or anyone posting in this thread
Having lived on the Island fkr 20 years I have to put in my 2 cents on the ferries. There should be a substantial discount for those with with a DL from the Island.
