Where does the money go?

[CC27]

kentuck Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Thu Dec-30-10 08:29 AM
Original message
Where does the money go?
   
Our country is about $14 trillion dollars in debt, or so they tell us.

What did we spend it on? Once we spent it, did it just disappear? Did it go in a black hole? No. Somebody put it their pocket or in their bank account.

They tell us that Medicare is going to be $28 trillion dollars "in the hole" in few short years. We cannot afford Social Security, they say. But we can afford a $3 trillion dollar military every 3 years?

Where does that money go?

Contrary to what some may think, that money doesn't disappear. It is simply taken out of circulation. It is taken out of the circle.

We must change this "black hole" economy into one where the money continues to circulate. How do we do that?

How do we put $28 trillion dollars going to Medicare back into the circle where it benefits the people? In my opinion, government money, taxpayer money, that is received by any entity, doctors or defense contractors, should be taxed at a higher rate than average earnings. That rate should at least be 50%. Of course, average soldiers and average healthcare workers would be exempt from that rate. It is the millions and billions that must be taken back for the people.

In twenty years, the military defense establishment will take out $7 trillion dollars and much of it will go into the "black hole" economy. These tax dollars, when received by defense contractors or private contractors, should be taxed at a higher rate than average earnings. This would keep the money in the circle and help pay for the benefits that people need to survive.

Just my opinion.

But we need to stop the hemorrhaging of tax dollars out of our economy.

To be honest, I never expect such a reform of our tax system.

It goes up your ass Kentuck. 

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x92254

[thundley4]

In my opinion, government money, taxpayer money, that is received by any entity, doctors or defense contractors, should be taxed at a higher rate than average earnings. That rate should at least be 50%. Of course, average soldiers and average healthcare workers would be exempt from that rate. It is the millions and billions that must be taken back for the people.

We can do that, but only if you include government awarded contracts for construction, teachers, and all those employed by the fed in DC.

[Karin]

benefits that people need to survive.

'course, one could always try gainful employment. 

[Chris_]

'course, one could always try gainful employment. 

That's just crazy talk.

[Freeper]

'course, one could always try gainful employment. 

Hell that would mean putting down the bong since most jobs require drug tests.
 

Besides Bush screwed up the economy so bad that not even Obama could fix it.
Who would have thought spending a ton of money the govt doesn't have would have failed?

[Rebel]

Kentuck obviously has no CLUE how monetary systems work and is working under the failed assumption that we're running a zero-sum economy.

[docstew]

We can do that, but only if you include government awarded contracts for construction, teachers, and all those employed by the fed in DC.

include welfare, WIC, food stamps, UE, and other "direct assistance" programs as well

[JohnnyReb]

That black hole has a name, "Federal Government" & entitlements.

[Attero Dominatus]

kentuck Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Thu Dec-30-10 08:29 AM
Original message
Where does the money go?
  
Our country is about $14 trillion dollars in debt, or so they tell us.

What did we spend it on? Once we spent it, did it just disappear? Did it go in a black hole? No. Somebody put it their pocket or in their bank account.

You and your fellow progressives are the black holes.

[Ballygrl]

Where does it go? let's see, Nancy Pelosi when presiding over the 111th Congress promised to reduce spending and the deficit, the 111th Congress proceeded to spend more than 110 Congresses combined, I too would like to know what waste the Democrats ran up when they were in charge.

[jukin]

Wouldn't just be easier to shoot them and put them out of their misery? It would be the humane thing to do.

[DefiantSix]

Wouldn't just be easier to shoot them and put them out of their misery? It would be the humane thing to do.

I could go for that.  It's obvious that no matter how much money my government lifts from my wallet and throws at these assclowns, they remain miserable.  No one should have to endure such abject misery.  I vote that the best course of action remaining to us is to put them OUT of their misery.

[USA4ME]

kentuck

How do we put $28 trillion dollars going to Medicare back into the circle where it benefits the people? In my opinion, government money, taxpayer money, that is received by ... doctors ... should be taxed at a higher rate than average earnings.

And if the doctor refuses to treat the Medicare patient because the costs/taxes exceed the profit made ...?

Of course, in the totalitarian world of the bluegrass primitive, refusing to treat the patient isn't allowed, the doctor just has to eat it.

.

[IassaFTots]

'course, one could always try gainful employment. 

Karin, put down that crack pipe!  Good God, what are you thinking??????   

[whiffleball]

That black hole has a name, "Federal Government" & entitlements.

Yeah, and in DUmmieland the word 'entitlement' means 'deserved' because of being x,y, z or a possible combination of the 3.  The phrase 'contributing member of society' causes much wailing and gnashing of teeth.

[true_blood]

kentuck Donating Member (1000+ posts)  Thu Dec-30-10 08:29 AM
Original message
Where does the money go? Our country is about $14 trillion dollars in debt, or so they tell us.
What did we spend it on? Once we spent it, did it just disappear? Did it go in a black hole? No. Somebody put it their pocket or in their bank account.

[ColonialMarine0431]

But we need to stop the hemorrhaging of tax dollars out of our economy.

We could start by making those 50% of people in the mid to lower tax bracket who don't pay a federal income tax actually start paying taxes. 

[DefiantSix]

We could start by making those 50% of people in the mid to lower tax bracket who don't pay a federal income tax actually start paying taxes. 

While a great idea, that won't stop the hemorrhaging nearly as fast as taking the ****in' checkbook away from the 535 assholes of the legislative branch.

[Thor]

While a great idea, that won't stop the hemorrhaging nearly as fast as taking the ****in' checkbook away from the 535 assholes of the legislative branch.

Amen!!