How much debt is too much? 17 Trillion? 20 Trillion? 50 Trillion? When does it stop? How much money do we continue to borrow from foreign creditors before we realize this model is NOT workable long-term? How much do we borrow before other countries refuse to lend any more to us?
Unless your plan is to significantly raise taxes. And if you think THAT won't have a negative impact on the world's economy, try it and see... Or maybe the plan is to collapse the entire system and start fresh with a new one in which the government provides for all, but that's not sustainable long-term either. Somebody has to pay for things. And if the people who normally work to pay for things realize that they don't really have to work and can just live off the government and thus decide to stop working, then what?
He meant $500B to pay the INTEREST on the debt. Not the entire debt itself. Point is, if we couldn't borrow more money, we would still have more than enough revenue to continue paying the interest on the debt and thus not default.
It's like having a $10,000 credit card limit that you've maxed out. You want to go buy a new TV with money you don't have, but the banks won't increase your credit limit. So you can't buy the TV, but you can still afford the $35/month minimum payment on your credit card so the banks don't come to repossess your shit. If we hadn't increased the debt limit, the US government would not have defaulted unless we deliberately decided to. Which would have been a very real possibility...
It would be a bit of a pain to manage, but seems better than this solution where letting someone borrow a game locks you out of every other game you own.
It doesn't, though. If you decide to play something, the friend gets kicked out or asked to buy the game. I actually RTFA (I know, I know...) and this is from it:
As the lender, you may always access and play your games at any time. If you decide to start playing when a friend is already playing one of your games, he/she will be given a few minutes to either purchase the game or quit playing.
Yes, but say there are only 30,000 people in the entire country who AREN'T being tracked, then "we don't search and store data on 10's of 1,000's of Americans" is true.
The converse statement is, "We DO search and store data on 329,970,000 Americans"...
Dear America, The world does not belong to you. You have a pretty big country, to take care of, please mind your own business. We are sure Syrian will come to a solution by themselves, because you know, they are a sovereign country. Best regards, The rest of the World
Yeah. Thing is, the overwhelming majority of Americans agree. But Obama drew a line in the sand last year, and now we have to kill people in order to save face, you know......
Another company gathers information from the manner in which a customer fills out the online loan application. The chances of getting a loan improve if you spend time reading information about the loan on their website. Conversely, if you fill out the application typing in all-caps (or with no caps), you are knocked down a couple pegs in that company's eyes.
A third lender requires that small business borrowers grant them access to the borrowers' PayPal, eBay and other online payment accounts (what could possibly go wrong with that?), thereby disclosing real-time sales and delivery information. This lender claims it can determine a business' creditworthiness and put money into its account in just seven minutes."
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