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imachavel
I loved and lost but I loved-ftw



Registered: 06/06/07
Posts: 31,564
Loc: You get banned for saying that
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has no one yet mentioned the government budget spending cuts yet?
#14265499 - 04/10/11 03:28 AM (13 years, 1 month ago) |
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apparently cut backs up to 36 billion
i don't even want to post the news link, there are so many
i suggest reading well up on it before coming and discussing anything in this thread
what DO people think of this?
let me know
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I did not say to edit my signature soulidarity! Now forever I will never remember what I said about understanding the secrets of the universe by paying attention to subtleties!
I'm never giving you the password again. Jerk
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JT


Registered: 02/28/07
Posts: 7,027
Loc: athens
Last seen: 4 years, 10 months
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Re: has no one yet mentioned the government budget spending cuts yet? [Re: imachavel]
#14265842 - 04/10/11 07:43 AM (13 years, 1 month ago) |
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Not enough
2010 deficit was 1.2 trillion.
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zappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 11 months
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Re: has no one yet mentioned the government budget spending cuts yet? [Re: JT]
#14266256 - 04/10/11 10:06 AM (13 years, 1 month ago) |
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Shins
Fun guy



Registered: 09/15/04
Posts: 16,337
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Re: has no one yet mentioned the government budget spending cuts yet? [Re: zappaisgod]
#14267449 - 04/10/11 02:48 PM (13 years, 1 month ago) |
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Peanuts, it's a joke.
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JT


Registered: 02/28/07
Posts: 7,027
Loc: athens
Last seen: 4 years, 10 months
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Re: has no one yet mentioned the government budget spending cuts yet? [Re: imachavel]
#14267476 - 04/10/11 02:53 PM (13 years, 1 month ago) |
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Quote:
(CNSNews.com) - The federal debt increased $54.1 billion in the eight days preceding the deal made by President Barack Obama, Senate Majority Leader Harry Reid (D.-Nev.) and House Speaker John Boehner (R.-Ohio) to cut $38.5 billion in federal spending for the remainder of fiscal year 2011, which runs through September. The debt was $14.2101 trillion on March 30, according to the Bureau of the Public Debt, and $14.2642 on April 7. Since the beginning of the fiscal year on Oct. 1, 2010, the national debt has increased by $653.4 billion.
http://www.cnsnews.com/news/article/debt-jumped-54-billion-8-days-preceding
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imachavel
I loved and lost but I loved-ftw



Registered: 06/06/07
Posts: 31,564
Loc: You get banned for saying that
Last seen: 2 hours, 47 minutes
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Re: has no one yet mentioned the government budget spending cuts yet? [Re: JT]
#14281932 - 04/13/11 01:52 AM (13 years, 1 month ago) |
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we're all fucked huh?
some people seem to be doing pretty good despite that serious debt. i guess a lot of people have learned to depend on their own money. if people had done that in the first place we probably wouldn't be in this mess.
hey, maybe the country will clean up majorly after this, maybe there will be a major movement of people relying on their own money and not needing bank loans

yeah.... right
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I did not say to edit my signature soulidarity! Now forever I will never remember what I said about understanding the secrets of the universe by paying attention to subtleties!
I'm never giving you the password again. Jerk
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zappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
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Re: has no one yet mentioned the government budget spending cuts yet? [Re: imachavel]
#14282935 - 04/13/11 09:45 AM (13 years, 1 month ago) |
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Quote:
imachavel said: we're all fucked huh?
some people seem to be doing pretty good despite that serious debt. i guess a lot of people have learned to depend on their own money. if people had done that in the first place we probably wouldn't be in this mess.
hey, maybe the country will clean up majorly after this, maybe there will be a major movement of people relying on their own money and not needing bank loans

yeah.... right 
What is this nonsense now? Personal devt is not government debt and there is nothing wrong with individuals borrowing money that they pay back with their own funds. There is a lot wrong with runaway government spending and government giveaways that rely on paying it back with other people's money. To tell you they truth I really can't figure out why any agency as huge as the federal government or most state governments should ever have to borrow money. The only reason for it is vote buying.
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Le_Canard
The Duk Abides


Registered: 05/16/03
Posts: 94,392
Loc: Earthfarm 1
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Re: has no one yet mentioned the government budget spending cuts yet? [Re: zappaisgod]
#14283124 - 04/13/11 10:32 AM (13 years, 1 month ago) |
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Strangely enough, I agree with you there, Zap.
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zappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 11 months
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Re: has no one yet mentioned the government budget spending cuts yet? [Re: Le_Canard]
#14283179 - 04/13/11 10:47 AM (13 years, 1 month ago) |
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Mr.Al
Alphabet soup


Registered: 05/27/07
Posts: 5,388
Loc: N.S.A. D.C.
Last seen: 4 months, 18 days
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Re: has no one yet mentioned the government budget spending cuts yet? [Re: zappaisgod]
#14318689 - 04/19/11 05:31 PM (13 years, 1 month ago) |
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Answer this:
Quote:
Does an inflationary medium of exchange encourage the accumulation of both public and private debt and discourage the accumulation of capital?
No doublespeak, no bullshit, just answer the goddamn question.
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zappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 11 months
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Re: has no one yet mentioned the government budget spending cuts yet? [Re: Mr.Al]
#14318718 - 04/19/11 05:37 PM (13 years, 1 month ago) |
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Quote:
Mr.Al said: Answer this:
Quote:
Does an inflationary medium of exchange encourage the accumulation of both public and private debt and discourage the accumulation of capital?
No doublespeak, no bullshit, just answer the goddamn question.
"Does an inflationary medium of exchange encourage the accumulation of both public and private debt" Depends on the interest rate, doesn't it?
"Does an inflationary medium of exchange discourage the accumulation of capital?" You gonna eat that cash? Once again, depends on the interest rate.
I am old enough to remember 15% mortgage rates. You keep tilting at the wrong windmill, Al, as I have have demonstrated time and time again. Paulbots really are simple children.
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Mr.Al
Alphabet soup


Registered: 05/27/07
Posts: 5,388
Loc: N.S.A. D.C.
Last seen: 4 months, 18 days
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Re: has no one yet mentioned the government budget spending cuts yet? [Re: zappaisgod]
#14318764 - 04/19/11 05:50 PM (13 years, 1 month ago) |
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Quote:
zappaisgod said:
Quote:
Mr.Al said: Answer this:
Quote:
Does an inflationary medium of exchange encourage the accumulation of both public and private debt and discourage the accumulation of capital?
No doublespeak, no bullshit, just answer the goddamn question.
"Does an inflationary medium of exchange encourage the accumulation of both public and private debt" Depends on the interest rate, doesn't it?
"Does an inflationary medium of exchange discourage the accumulation of capital?" You gonna eat that cash? Once again, depends on the interest rate.
I am old enough to remember 15% mortgage rates. You keep tilting at the wrong windmill, Al, as I have have demonstrated time and time again. Paulbots really are simple children.
It is a yes or no question. Answer the question or GTFO.
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zappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 11 months
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Re: has no one yet mentioned the government budget spending cuts yet? [Re: Mr.Al]
#14318766 - 04/19/11 05:51 PM (13 years, 1 month ago) |
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Why am I not surprised that you are limited?
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Mr.Al
Alphabet soup


Registered: 05/27/07
Posts: 5,388
Loc: N.S.A. D.C.
Last seen: 4 months, 18 days
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Re: has no one yet mentioned the government budget spending cuts yet? [Re: zappaisgod]
#14318771 - 04/19/11 05:52 PM (13 years, 1 month ago) |
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Quote:
zappaisgod said: Why am I not surprised that you are limited?
You can't answer a simple yes or no question.
Who's limited?
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zappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 11 months
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Re: has no one yet mentioned the government budget spending cuts yet? [Re: Mr.Al]
#14318779 - 04/19/11 05:53 PM (13 years, 1 month ago) |
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In this area there are no simple yes or no questions, Al. Only a simpleton thinks so.
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Mr.Al
Alphabet soup


Registered: 05/27/07
Posts: 5,388
Loc: N.S.A. D.C.
Last seen: 4 months, 18 days
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Re: has no one yet mentioned the government budget spending cuts yet? [Re: zappaisgod]
#14318786 - 04/19/11 05:55 PM (13 years, 1 month ago) |
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Quote:
zappaisgod said: In this area there are no simple yes or no questions, Al. Only a simpleton thinks so.
Says the man who can't answer a simple yes or no question.
You should stay out of economic debates if you're that weak.
Edited by Mr.Al (04/19/11 05:57 PM)
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zappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 11 months
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Re: has no one yet mentioned the government budget spending cuts yet? [Re: Mr.Al]
#14318836 - 04/19/11 06:03 PM (13 years, 1 month ago) |
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Quote:
Mr.Al said:
Quote:
zappaisgod said: In this area there are no simple yes or no questions, Al. Only a simpleton thinks so.
Says the man who can't answer a simple yes or no question.
You should stay out of economic debates if you're that weak.
You should stay out of economic arguments if you are that simple.
If there is a currency that features a 4% inflation rate but savings pay 5% then people will save. If there is a currency that features a 4% inflation rate but savings pay 2% then people will not. Are you really that simple, Al?
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Mr.Al
Alphabet soup


Registered: 05/27/07
Posts: 5,388
Loc: N.S.A. D.C.
Last seen: 4 months, 18 days
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Re: has no one yet mentioned the government budget spending cuts yet? [Re: zappaisgod]
#14318870 - 04/19/11 06:08 PM (13 years, 1 month ago) |
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Quote:
zappaisgod said:
Quote:
Mr.Al said:
Quote:
zappaisgod said: In this area there are no simple yes or no questions, Al. Only a simpleton thinks so.
Says the man who can't answer a simple yes or no question.
You should stay out of economic debates if you're that weak.
You should stay out of economic arguments if you are that simple.
If there is a currency that features a 4% inflation rate but savings pay 5% then people will save. If there is a currency that features a 4% inflation rate but savings pay 2% then people will not. Are you really that simple, Al?
Your personalisms do not hid the fact that you are not actually addressing the argument.
We are speaking here about the difference between an inflationary and a non-inflationary monetary system and their respective effects on private and public debt accumulation.
You are not attempting to differentiate between the two systems.
Have you even attempted to contemplate the difference?
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zappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 11 months
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Re: has no one yet mentioned the government budget spending cuts yet? [Re: Mr.Al]
#14318931 - 04/19/11 06:17 PM (13 years, 1 month ago) |
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I addressed your argument, Al. It all depends on what the various rates are. Are you that simple that you don't understand that?
I don't think public debt accumulation has anything to do with the monetary system. Private debt accumulation doesn't either. Interest rates (as savings or borrowings) tend to closely mirror inflation. Without debt interest there is no interest payments on savings. You have to pay somebody to protect your precious rocks. That diminishes you rock wealth so you have to find more rocks to pay your rock guarder.
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Mr.Al
Alphabet soup


Registered: 05/27/07
Posts: 5,388
Loc: N.S.A. D.C.
Last seen: 4 months, 18 days
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Re: has no one yet mentioned the government budget spending cuts yet? [Re: zappaisgod]
#14318970 - 04/19/11 06:23 PM (13 years, 1 month ago) |
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Quote:
zappaisgod said: I addressed your argument, Al. It all depends on what the various rates are. Are you that simple that you don't understand that?
I don't think public debt accumulation has anything to do with the monetary system. Private debt accumulation doesn't either. Interest rates (as savings or borrowings) tend to closely mirror inflation. Without debt interest there is no interest payments on savings. You have to pay somebody to protect your precious rocks. That diminishes you rock wealth so you have to find more rocks to pay your rock guarder.
Liar.
Does it not benefit the debtor to pay back a creditor with a currency that is losing buying power through inflation?
Does this not encourage more inflation?
Edited by Mr.Al (04/19/11 06:24 PM)
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