I love you guys!!! (gebobs and notacon) :)
I love you guys!!! (gebobs and notacon) :)
none to be found anywhere!!
PLEASE, will SOMEONE explain to me WHY a high federal debt is bad for the economy in today's situation.
I'l give you a hint. It's NOT bad. Period!!! I have yet had anyone who can explain why it is bad. Why? Because there is NO reasoned explanation. NONE!!!
Gailey's history. He just doesn't know it yet.
ok, so after Obama wins tonight, will you say that from here on out, whatever happens to our country is on Obama? No more Bush blaming
Imbondz, Superbowl champion quarterback for the Buffalo Bills, 2010 (LEAGUE MVP), 2013, 2014, 2017(LEAGUE MVP), 2022(LEAGUE CO-MVP), 2023!
Oh wait, you're serious?
"Talk is cheap, we all know that. It's like I've always said, don't tell me about the labor pains, just show me the baby. That's what we've got to do. We've got to show you the baby, and the baby is winning." ~Buddy Nix
1) Prospect of future inflation. (Fed throws money at banks. They invest in stocks and commodities. Prices of everything from energy to food skyrockets)
2) You can't keep adding to the debt indefinitely. We are adding at an INCREASING rate. Our government and economy have grown to "depend" on this. Yet, it is mathematically UNSUSTAINABLE. When it hits the wall, the collapse will be sudden and unstoppable.
3) Mortgaging our children's future to pay for our current excesses.
4) U.S. following the path of unsustainable debt a la the European nations (currently VERY close to implosion)
5) Relying on foreign nations to fund our debts gives them a certain leverage over our policies. Suddenly economic acts become "acts of war."
I get the impression that you think debt is this unlimited piggybank. It isn't. And it's going to cause VERY bad things in the near future. There's a reason they call it a "fiscal cliff." You roll along with your PLAN just fine. Until you arent.
Bush, along with Congress, nearly cratered this country. democrats in Congress are culpable too but the lion's share of the blame rightly belongs to Bush and the Republicans.
If we pat you on the head and say all is forgiven, will the Congressional Republican caucus stop stonewalling everything?
Romney wants to follow the austerity path of Germany and Britain. Have you seen how they are doing?U.S. following the path of unsustainable debt a la the European nations (currently VERY close to implosion)
Last edited by gebobs; 11-06-2012 at 01:26 PM.
"report" from that insidiously dishonest and partisan source, CNS "News"??? What they tried to do is spread all the federal debt divided ONLY by those "under 18". Which, of course, is wildly misleading.
But, Drudge's headline worked. They prey on the less intellectually curious and hope that their headline sinks in. You were taken hook , line and sinker.
The actual figure of debt spread across "every person in the U.S." is closer to $53,000. So what?
If you can't present facts, what's the use?
We have heard of this impending doom of "hyper inflation" for years.1) Prospect of future inflation. (Fed throws money at banks. They invest in stocks and commodities. Prices of everything from energy to food skyrockets)
In todays economy, worrying about inflation is nonsensical. If high federal debt was an inflation cause in today's economy, it would have happened already. It hasn't. Inflation is at historic lows....hovering around 1% to 2%.
If low federal debt is a cause for low inflation, what the hell happened in the 70's, when federal debt was very, very small but, inflation was 10 TIMES worse than it is now?
The truth is that federal debt is only one of many, many causes for inflation. When unemployment is high, and GDP growth is low, increasing federal debt is the ONLY way you bring the country out of the recession.
Swing and a miss...strike one.
I never said that adding to debt "indefinitely" is sustainable. This is irrelevant to my question. The "wall" is far away when a country is trying to recover from a deep recession and a banking crisis. The time to reduce debt is when growth is high and unemployment is low. We are at the opposite of that now. Reducing debt now is bad for the economy. Not good.2) You can't keep adding to the debt indefinitely. We are adding at an INCREASING rate. Our government and economy have grown to "depend" on this. Yet, it is mathematically UNSUSTAINABLE. When it hits the wall, the collapse will be sudden and unstoppable.
Swing and a miss..strike two.
Irrelevant to the question of how high debt is bad for the economy. In FACT, it is because of Republican policies since 1980 that have cause this high debt. Especially since 2001 and Bush's and the Republican Congress decided to lower taxes when we were on the track to PAY DOWN ALL OF THE DEBT...The GOP decided to INCREASE SPENDING by tremendous amounts....especially on defense. It was the GOP decision to wage unnecessary war, and ADD IT TO THE FEDERAL CREDIT CARD. It was the GOP that decided to add new drug coverage for seniors and ADD IT TO THE FEDERAL CREDIT CARD.3) Mortgaging our children's future to pay for our current excesses.
You should have asked that quetion when the GOP was in 100% power. Did you?? I doubt it.
Don't give me this moral bull**** when it is the party YOU support that is guilty of doing what you criticize. That is called HYPOCRICY of the worst form.
Swing and a miss...strike three.
100% unmitigated nonsense. You don't know very much about what is going on in Europe, do you. Europe's problems are NOT from their debt level. No matter how you want to frame it, you are still not getting close to addressing the issue. How is high debt HURTING AMERICA'S ECONOMY!!4) U.S. following the path of unsustainable debt a la the European nations (currently VERY close to implosion)
Europe is NOT America. America is NOT Europe. In FACT, the US economy is much stronger than any European country....especially those that have tried the austerity route of trying to reduce debt during a recovery from a deep recession and banking crisis. Every single country that has tried austerity is doing worse.
Swing and another miss...strike four.
Oh my God. Do you have ANY idea of how stupid you sound??? First, the greater majority of our debt is AMERICAN debt. China, whom Romney likes to lie about holding so much of our debt only has 8% of the total federal debt.5) Relying on foreign nations to fund our debts gives them a certain leverage over our policies. Suddenly economic acts become "acts of war."
In any event, this does NOT respond, in any way, why federal debt is bad for the economy.
Swing and ANOTHER miss...strike FIVE.
Your impression is based on silliness, and profound ignorance.I get the impression that you think debt is this unlimited piggybank. It isn't. And it's going to cause VERY bad things in the near future. There's a reason they call it a "fiscal cliff." You roll along with your PLAN just fine. Until you arent.
As long s this country has the ability to pay the interest on the debt, and we do...easily...and as long as the demand for federal debt is HIGH, which it is...s evidenced by historically LOW rates on Treasury bonds...the debt is NOT a drag on the economy.
The BIGGEST threat to the economy concerning the debt are those ignoramuses that think now is the time to reduce it. It's not.
Additionally, the ONLY reason we have a "fiscal cliff" on the horizon is the HOSTAGE taking the Republicans in Congress foisted on the American people with their dangerous game of chicken concerning the debt limit.
THAT is 100 times more threatening to the economy that the federal debt level.
That's ANOTHER swing and a miss...strike SIX!!!
You are out!!!
Thanks for trying. I asked for a reasoned substantive argument, and all I get is tired false talking points.
We can start worrying when investors don't want to invest in the US. Buying our debt means they look favorably on our future.
Speaking of which, where is Pete?We have heard of this impending doom of "hyper inflation" for years.
well, this thread tickled my fancy. and it didnt disappoint. well done, gebobers.
I can't wait for Jimmy Carter's third term to start if this guy wins tonight...
Well, let's see. We have greater income inequality with a lower Median Income than 4 years ago. An ongoing foreclosure crisis, and home equity in the toilet. The labor share of the GDP at its lowest point in history. A re-empowered financial oligarchy, with banks growing larger than ever, and no criminal prosecutions against those who rigged the system and collapsed the economy, no significant regulatory crackdown on robosigning and renegade foreclosures. A Health Care System that still puts corporate profit before people's lives. No strong action on Global Warming. A slew of broken campaign promises - no effort to renegotiate NAFTA, no raise of the National Minimum Wage, no ban on the replacement of striking workers, Guantanamo still open, retroactive immunity for telecoms and legitimization of warrantless wiretaps, an extension - not rollback - of Bush-era Civil Liberty incursions. An unprecedented war on whistleblowers, the morally atrocious drone bombing of Pakistan and Yemen, and Executive Assassination Lists. But hey, he saved Detroit.
Great President my ass. There's a reason he's in a dogfight with a humorless muppet like Romney.
noto, Obama himself probably doesn't consider his first 4 years as "great" and i don't think any of his serious supporters go around throwing that term out. they say he "did the best he could under the circumstances."
dude when you say he's been GREAT and when you say 16 trillion in debt is meaningless...you're so out there that it's really not even worth getting into it with you. You're not an Obama supporter, you're an Obama fan...and this aint a game.