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About LinkBacksSorry to tell you this...Originally Posted by GoSlash27
Not ONLY is this post NOT SARCASM, its THE PLAN! And has been THE PLAN for quite some time!
Sorry to tell you this...
Not ONLY is this post NOT SARCASM, its THE PLAN! And has been THE PLAN for quite some time!
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Shakespeare said it long ago when he described the Right Wing political movement so very well -
"It is a tale told by an idiot, full of sound and fury signifying nothing."
Banned
Guru
It was definitely sarcasm from that individual poster. But I agree that we should be printing up much more money right now. That is unless you want to destroy the economy based on fundamentally disastrous economic beliefs?Sorry to tell you this...
Not ONLY is this post NOT SARCASM, its THE PLAN! And has been THE PLAN for quite some time!
Guru
Haha.. ask the good folks down in Zimbabwe about which economic beliefs are "disastrous".
"Our liberties we prize and our rights we will maintain"- Iowa state motto
Banned
Guru
We aren't Zimbabwe. And comparing us to a $300 gdp per capita corrupt racist country is a cop out. Tell us mathematically why we should not be spending right now. I have yet to see a single mathematical model that represents the need to cut spending right now. Just tons of theories by bunch of uneducated idiots like Sarah Palin and Michelle Bachmann. Yes, I got an idea, let's listen to what those idiot's have to say, and then do the complete opposite!
Last edited by akphidelt; Aug 22 2011 at 03:22 PM.
Guru
How did you manage to conflate "printing" with "spending"?
Your objection about "what kind of country" we are is completely irrelevant. If you print a ton of money out of thin air during a flat economy, you get hyperinflation. Doesn't matter what kind of country you are.
And the fact that you don't know (or won't admit) that tells any impartial bystander all they need to know about your credibility.
/ "print more money"...
Last edited by GoSlash27; Aug 22 2011 at 03:38 PM.
"Our liberties we prize and our rights we will maintain"- Iowa state motto
Banned
Guru
In the context you are using it, they are the same thing
Guru
No they're not. If you want to re-hash the same old tired argument about "government spending" (again), then we can have that discussion (again).. in another thread. But this thread is about where that money comes from and the ramifications of spending "money" that doesn't exist. Your endorsed policy would be disastrous. Which is kinda par for the course for you.
/if you don't have a rational counter-argument, siddown and shaddap.
Last edited by GoSlash27; Aug 22 2011 at 04:07 PM.
"Our liberties we prize and our rights we will maintain"- Iowa state motto
Banned
Guru
Lol, than explain to me the difference in the United States between "printing" and "spending" and how they affect the economy.
Guru
......
I agree that we are not Zimbabwe .. I disagree that Sarah and Michell are uneducated idiots. They are both educated and my guess is they are not really idiots. They have both figured out how to pander to idiot segment of the rating masses.
What comes out of their mouths makes them sound like idiots but they themselves do not really believe what they say. They are just telling the idiot segment of the raging masses what they want to hear.
Beck figured this one out as well. (Beck really does know the difference between socialism and communism .. but speaks as though he does not)
Neither of the three aformentioned have any respect for the constitution (individual liberty) or fiscal conservatism.
We need to cut spending - no mathematical models needed but here is the math.
Income is currently around 2.2 Trillion, spending is around 3.6 Trillion resulting in a deficit of roughly 1.4 Trillion. All agree that these kind of deficits can not be sustained.
Our income dropped from 2.7 million to 2.15 Million due to the crash of 2008.
(550 Billion)
Defense spending increased from 300 to 700 Billion (2000-present) .. add in another 200 Billion for other military related spending = 600 Billion.
This accounts for 1.15 of the 1.4 Trillion in deficit spending.
Even if we were to cut the military spending (which will not happen) by 600 Billion we are still left with a 800 Billion dollar deficit.
We can hope that the economy is going to pick up getting revenue back up but that is a pipe dream for at least a couple of years.
Right now the debt is almost 1.5 Trillion. Interest on this debt is only around 450 Billion though.
450 Billion Interest/2200 Billion in income = 20%
The danger number is 30% (when the ship is taking in water faster than it can be bailed out) This is when the IMF starts warning countries of serious consequences if they do not get the hole fixed.
We are not there ! .. in fact we have quite a ways to go to hit 30%
The problem is that we have been refinancing debt at shorter and shorter terms. (2 yr Treasuries vs 30 yr) The shorter term yeilds a lower interest rate but the money has to be refinanced in 2 years.
Problem - if China, Japan and others decrease their desire for US debt .. interest rates will rise.
If interest rates on our debt rise we are in big trouble.
Analyst
Monetary inflation causes price inflation.
Spending causes debt.
It would be wonderful if people refused to pay taxes anymore, the government would fold and society could evolve.
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It's Not Left Versus Right, It's The State Versus You!
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