Even at .6% interest on 10 year bonds, Japan pays 1/4 of its budget on its public debt!
Why do so many Keynesians want that to happen here? Further, why should China be paid back when there will be no consequences to Americans if the U.S.G. closes its bases near China? Is there really any good reason to continue paying them or to continue having military bases near them?
Deficits suck ass because they reduce productivity and I dont see why the debt owed to corporations and non-citizens cant be repudiated (as long as u.s. military bases and embassies are closed around them) and why debt held by U.S. Citizens can't be at least partially decentralized (with at least some decentralization of assets currently owned by the U.S.G. as well). I definitely dont support paying the debt back but I dont get why the budget cant be balanced. Reducing military and surveillance spending to 10% of what it is now would balance the budget immediately. Then look at how much is wasted on medicare (e.g., policing fraud, no means testing, name brands for all drugs bought through part D). Look at how much bureaucrats make and how hard it is for them to get fired (a small amount of cash would go a lot further than vouchers for shit, schip, medicaid, etc., etc). Look at how terrible the education system is (i.e., schools are like prisons and about half of school age kids are especially hurt by compulsory education). Think about all of the energy alternatives that could be available and how prices have not been good. Look at how shitty public housing is. Then think about how private charity will be sufficient if the State axes the welfare programs.
Why do so many Keynesians want that to happen here? Further, why should China be paid back when there will be no consequences to Americans if the U.S.G. closes its bases near China? Is there really any good reason to continue paying them or to continue having military bases near them?
Deficits suck ass because they reduce productivity and I dont see why the debt owed to corporations and non-citizens cant be repudiated (as long as u.s. military bases and embassies are closed around them) and why debt held by U.S. Citizens can't be at least partially decentralized (with at least some decentralization of assets currently owned by the U.S.G. as well). I definitely dont support paying the debt back but I dont get why the budget cant be balanced. Reducing military and surveillance spending to 10% of what it is now would balance the budget immediately. Then look at how much is wasted on medicare (e.g., policing fraud, no means testing, name brands for all drugs bought through part D). Look at how much bureaucrats make and how hard it is for them to get fired (a small amount of cash would go a lot further than vouchers for shit, schip, medicaid, etc., etc). Look at how terrible the education system is (i.e., schools are like prisons and about half of school age kids are especially hurt by compulsory education). Think about all of the energy alternatives that could be available and how prices have not been good. Look at how shitty public housing is. Then think about how private charity will be sufficient if the State axes the welfare programs.
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