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U.S. debt-to-GDP ratio reaches 123%

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Re: U.S. debt-to-GDP ratio reaches 123%

#231
post #229

Earlier quoted context omitted.

> nor have I given that impression, to find individual examples of government waste and specifically fix those Yes, you did. You gave that impression when you said OP was right to point out the list of specific items. People weren’t disagreeing that small items exist, they were pointing out that worrying about them doesn’t fix very much waste, which is true. So they were also right. If you aren’t going to come up wit…

They’re not right though because “don’t need to worry about them” doesn’t make sense. What do you mean worry? That sounds like “we don’t need to fix small line-item waste” which I simply reject for being dumb. If I make half a million/year and I have a $5 subscription I don’t “not worry about it” if it’s a waste of money. I cancel it. There is no major difference when that is scaled up to organizations besides lack o…

I think you’ve made incorrect assumptions, you’re wrong about some things here. Nobody said small waste should not be fixed, they said it wouldn’t move the needle.

“We should stop waste” is a tautology. Nobody here has disagreed with that, and I don’t think you understand that yet. The only thing that matters is what the waste actually is, whether everyone agrees it’s waste, and what to do to fix it.

I honestly hoped for a more substantive discussion, and some real examples, but as you wish, I’m fine stopping here, even though giving up turns this conversation into somewhat of a waste.

Re: U.S. debt-to-GDP ratio reaches 123%

#232
post #231

Earlier quoted context omitted.

They’re not right though because “don’t need to worry about them” doesn’t make sense. What do you mean worry? That sounds like “we don’t need to fix small line-item waste” which I simply reject for being dumb. If I make half a million/year and I have a $5 subscription I don’t “not worry about it” if it’s a waste of money. I cancel it. There is no major difference when that is scaled up to organizations besides lack o…

I think you’ve made incorrect assumptions, you’re wrong about some things here. Nobody said small waste should not be fixed, they said it wouldn’t move the needle. “We should stop waste” is a tautology. Nobody here has disagreed with that, and I don’t think you understand that yet. The only thing that matters is what the waste actually is, whether everyone agrees it’s waste, and what to do to fix it. I honestly hoped…

I haven’t made any incorrect assumptions.

> Nobody said small waste should not be fixed, they said it wouldn’t move the needle.

Ok then we agree that we should pursue eliminating small dollar waste. Which is what I’ve already said quite a few times. If you are aligned with what I wrote, why do you keep arguing with me about it as you are about to do here yet again?

Re: U.S. debt-to-GDP ratio reaches 123%

#233

Earlier quoted context omitted.

> This is a fantasy. How so. > Do you really think lenders A government with its own sovereign currency doesn't need lenders. In fact, it is the government that allows lenders to lend money - not the other way around. > Anyways, here's a new loan at the same terms as last time." ? Why would they need to get a loan for from a lender? > How do you think Americans would respond to 30% monthly inflation like in Argentina…

So you think the bond market is not important to the USA government? > Printing money only causes inflation if it is spend in a way exceeds the capacity of the market. Yes? So you acknowledge that the market has a capacity?

> So you think the bond market is not important to the USA government?

Not w.r.t. to "financing" the US.

> Yes? So you acknowledge that the market has a capacity?

Yes, of course.

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