Kolek planning to go pro
https://www.investopedia.com/articles/investing/102413/why-and-when-do-countries-default.asp
Below are the budgetary results for President Clinton's two terms in office:Sorry, guess he turned it around.He had budget surpluses for fiscal years 1998–2001, the only such years from 1970 to 2018. Clinton's final four budgets were balanced budgets with surpluses, beginning with the 1997 budget.The ratio of debt held by the public to GDP, a primary measure of U.S. federal debt, fell from 47.8% in 1993 to 33.6% by 2000. Debt held by the public was actually paid down by $453 billion over the 1998-2001 periods, the only time this happened between 1970 and 2018.Federal spending fell from 20.7% GDP in 1993 to 17.6% GDP in 2000, below the historical average (1966 to 2015) of 20.2%
Mostly due to increase tax revenues due to the creation of a higher tax bracket and capital gains income due to a white hot stock market - the latter of which wasn't going to be easily replicated.But tell me, how long have you been worried about the national debt? 30-40 years? And yet over that time, the United States has remained one of the highest performing countries economically. Do you think your concerns may be overblown?
They are. Economists don't worry. Politicians use it to shoe horn it into conversations to drum up support from 'fiscal conservatives' who don't understand things like fractional reserve, quantitative easing, GDP, and bond ratings. It's literally the 'Caravans of migrants at the border!' for fiscal conservatives... who don't actually exist in the US congress.
OK, but why go to Mars?
Geeze, I would have thought all these great inventions would have created tremendous tax revenues to keep the government out of debt.
Did you mean 22 years ago under Clinton?The $ just isn't worth to much is it?
You're missing the point of every tangential benefit to NASA. For 60+ years, NASA has been unintentionally inventing products that improve human life as it attempts to solve problems with space travel. So there is 60+ years of track record showing that an attempt to travel to/inhabit/colonize Mars will not just make humans "interplanetary", but more realistically will create 10s, if not hundreds, of new technologies or uses for existing tech, that will make the lives of normal earthbound people. Thats why you keep pushing
“Tea Party Conservative” “Family Values Republican” make me laugh out loud.
For enlightened MUSpoop elitest.The National Debt Affects EveryoneGiven that the national debt has recently grown faster than the size of the American population, it is fair to wonder how this growing debt affects average individuals. While it may not be obvious, national debt levels directly affect people in at least five ways.First, as the national debt per capita increases, the likelihood of the government defaulting on its debt service obligation increases, and therefore the Treasury Department will have to raise the yield on newly issued treasury securities to attract new investors.This reduces the amount of tax revenue available to spend on other governmental services because more tax revenue will have to be paid out as interest on the national debt. Over time, this shift in expenditures will cause people to experience a lower standard of living, as borrowing for economic enhancement projects becomes more difficult.Second, as the rate offered on treasury securities increases, corporations operating in America will be viewed as riskier, necessitating an increase in the yield on newly issued bonds. This, in turn, will require corporations to raise the price of their products and services to meet the increased cost of their debt service obligation. Over time, this will cause people to pay more for goods and services, resulting in inflation.Third, as the yield offered on treasury securities increases, the cost of borrowing money to purchase a home will increase because the cost of money in the mortgage lending market is directly tied to the short-term interest rates set by the Federal Reserve and the yield offered on treasury securities.Given this established interrelationship, an increase in interest rates will push home prices down, because prospective home buyers will no longer qualify for as large of a mortgage loan since they will have to pay more of their money to cover the interest expense on the loan they receive. The result will be more downward pressure on the value of homes, which in turn will reduce the net worth of all homeowners.Fourth, since the yield on U.S. Treasury securities is currently considered a risk-free rate of return, and as the yield on these securities increases, risky investments such as corporate debt and equity investments will lose appeal.This phenomenon is a direct result of the fact it will be more difficult for corporations to generate enough pre-tax income to offer a high enough risk premium on their bonds and stock dividends to justify investing in their company. This dilemma is known as the crowding out effect and tends to encourage the growth in the size of the government and the simultaneous reduction in the size of the private sector.Fifth, and perhaps most importantly, as the risk of a country defaulting on its debt service obligation increases, the country loses its social, economic, and political power. This, in turn, makes the national debt level a national security issue.The Bottom LineThe national debt level is one of the most important public policy issues. When debt is used appropriately, it can be used to foster the long-term growth and prosperity of a country. However, the national debt must be evaluated in an appropriate manner, such as comparing the amount of interest expense paid to other governmental expenditures or by comparing debt levels on a per capita basis.https://www.investopedia.com/articles/economics/10/national-debt.asp
Actually, 22 years ago the debt was just not increasing. (Answered. Never mind.)
NASA did it, two days ago.Us Scoopers are slipping.
??? He was responding to Jockey. I understand why its easier to go to Mars from the Moon rather than from Earth. I just don't understand why we are sending humans to Mars - or even to the Moon. We have the capability to send probes and rovers. We are even proposing to retrieve some samples. Which is really cool.https://en.wikipedia.org/wiki/Mars_sample-return_mission
Because the technology we develop to get to the point we can go to Mars will revolutionize tons of fields, and is a reasonable deliverable to excite people.Space travel and the associated technological developments are a massive ROI for the minuscule dollars the government invests in it.