hetuzozaho wrote: » Don't be upset. We're all fine. Maybe take some time for yourself.
KyussB wrote: » You already discussed that with me earlier in the thread. Governments never fund anything 100% through taxes - that's not how government finances work - balanced budgets are incredibly rare.
KyussB wrote: » Who gives a toss what hyperbole she's used - it's all generated discussion and awareness, that's a success.
SafeSurfer wrote: » An unbalanced budget is funded through borrowing. How is borrowing funded? I’ll I’ve you a hint. It begins with T.
gormdubhgorm wrote: » Not really it is only short term noise there is no 'how' is mentioned. Plus it all seems very hypocritical as it seems to be lead by youngsters from the western world who's lifestyle has benefited from the very industrialisation they decry. They are basically telling those in underdeveloped nations to stay underdeveloped , we have caused enough damage so stop. You can't so what we did!
dont bother wrote: » who's "we" and why are you speaking for others? all the other little college girls giving out about climate change seem to me to be extremely upset about the whole thing. you have been the VICTIM of brainwashing. you can add that to the list of things you've been victimised the next time you're talking to your friends in school over a soy non dairy latte.
KyussB wrote: » SafeSurfer wrote: » An unbalanced budget is funded through borrowing. How is borrowing funded? I’ll I’ve you a hint. It begins with T. Public Debt is funded indirectly through GDP growth - that's why it is effectively rolled-over forever. The proper course is to maximize GDP/economic-output first, and let Public Debt wax and wane to accomodate that. Government finances are nothing like personal finances.
Sean.3516 wrote: » You say that as though in an unbalanced budget is simply where the govt plucks the money it doesn’t have from thin air. It simply offloads the burden onto the future which will eventually have to pay for it either through inflation or taxes.
SafeSurfer wrote: » I’ll ask again. How is the deficit serviced and funded? How is any government borrowing funded? Is a little honesty too much to ask?
AudreyHepburn wrote: » I find it pathetic and laughable how so many seemingly rational thinking adults who should know better are getting so offended over a young girl with more backbone than all of them out together. Climate Change is real, it’s happening before our eyes and I commend Greta for having the courage to do what we all should have been doing long before now. After all if we don’t start making changes and taking seriously the threat we pose to our planet it is Greta’s own the generations after her that will suffer.
KyussB wrote: » Sean.3516 wrote: » You say that as though in an unbalanced budget is simply where the govt plucks the money it doesn’t have from thin air. It simply offloads the burden onto the future which will eventually have to pay for it either through inflation or taxes. All money is plucked from thin air - we live in fiat economies - that's how money creation works. You don't understand how government finances work, and are treating them like personal finances. Interest rates are presently negative - there is no cost to borrowing.
hetuzozaho wrote: » Ok will do. It's delicious actually. Thanks again.
KyussB wrote: » SafeSurfer wrote: » I’ll ask again. How is the deficit serviced and funded? How is any government borrowing funded? Is a little honesty too much to ask? By rolling over debt, and letting GDP growth minimize Public Debt vs GDP.
dont bother wrote: » "climate change is real" why do you believe that so ferociously ? because you were told so many times by a corrupt world media? you want to fit in with your peers? which? yes nobody is saying it's not real. it is real, it just isnt caused by humans the way they are trying to make you believe it is. personally, i dont care a bit about it, i just find it amusing to watch this new generation of supposedly educated youngsters getting themselves into a flap about the world ending. it's harry potter level of fantasy right there.
SafeSurfer wrote: » Government borrowing being rolled over doesn’t mean that they don’t have to be serviced and repaid through taxation. What part of that can you not understand?
Thelonious Monk wrote: » So would you be all for opening coal mines if we had large deposits of coal here if it meant creating jobs?
KyussB wrote: » SafeSurfer wrote: » Government borrowing being rolled over doesn’t mean that they don’t have to be serviced and repaid through taxation. What part of that can you not understand? ? If a debt is rolled over and paid through reissuing debt, then it is not paid through taxation. Since we have negative interest rates, we actually generate a profit from rolling over debt like this. You might then say: "But we have to pay this debt off in the future" However, our GDP will have grown enormously by the time the debt matures - reducing Public Debt vs GDP - and we can just roll the debt over again. This is why you have to think about government finances, in a completely different way to personal finances. I've made enough posts in a short period of time in the thread, so I don't want to discuss that further.
AudreyHepburn wrote: » If not us then what’s causing it? The ice caps aren’t melting of their own accord. Forests aren’t depleting themselves. Thousands of species aren’t on the verge of extinction for no reason.
Micky 32 wrote: » Just keep in mind the sun has got hotter in the last 100 years, just keep that in mind. But no one wants to discuss that.
SafeSurfer wrote: » You don’t want to discuss it further? I’m not surprised.https://www.irishtimes.com/business/economy/budget-2018-where-does-all-your-tax-money-go-1.3245485?mode=amp
KyussB wrote: » SafeSurfer wrote: » You don’t want to discuss it further? I’m not surprised.https://www.irishtimes.com/business/economy/budget-2018-where-does-all-your-tax-money-go-1.3245485?mode=amp We literally get paid for issuing debt, due to negative interest rates - and debt paid off through rolling it over, isn't paid through taxes. Furthermore, maximizing the GDP portion of Public Debt vs GDP keeps the debt sustainable. What more is there you need to know? It's perfectly manageable to sustain funding through Public Debt permanently - the main constraint is maximizing GDP throughout the economic cycle, that is what keeps it sustainable.
Tell me how wrote: » It's because he cares about the long term livelihoods of society that he is saying this is a step back. If you want to adopt the position of 'I'm only concerned about what affects me right now' then that's your prerogative, but you should own it.
AudreyHepburn wrote: » What happened to the Ozone Layer that’s supposed to protect us from that? Stop hiding your head in the sand.
SafeSurfer wrote: » I agree that it can be sustainable to fund public debt permanently but you are ignoring the fact that this is only sustainable if the debt can be serviced through taxation. Do you understand this?
