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Le_Canard
The Duk Abides


Registered: 05/16/03
Posts: 94,392
Loc: Earthfarm 1
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Re: The debt ceiling has been reached... again [Re: memes]
#18761301 - 08/26/13 08:34 PM (10 years, 5 months ago) |
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Indeed this is true.
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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Re: The debt ceiling has been reached... again [Re: Le_Canard]
#18761320 - 08/26/13 08:38 PM (10 years, 5 months ago) |
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Quote:
ToiletDuk said: Well, actually, that little graphic is rather misleading as both Social Security and Medicare both have cash inflows as well, but I'm sure the Heritage Foundation would love to see both eliminated.
But, to explicitly state what i had thought to be an obvious and frivolous point, since social security taxes fluctuate with the workforce, and the dependency ratio is becoming increasingly frightening as babyboomers age and medical costs rise at a heightened pace - the budgetary situation would be increasingly ominous, despite social security tax 'inflows'. hence, the right cuts in the right ways could save the country trillions, which is what i was originally emphasizing, as mush4brains was demonstrating that he had mush4brains
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Le_Canard
The Duk Abides


Registered: 05/16/03
Posts: 94,392
Loc: Earthfarm 1
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Re: The debt ceiling has been reached... again [Re: memes]
#18761326 - 08/26/13 08:39 PM (10 years, 5 months ago) |
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I see. I concede to your point then, good sir.
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qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 3 days, 2 hours
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Re: The debt ceiling has been reached... again [Re: Le_Canard]
#18761355 - 08/26/13 08:46 PM (10 years, 5 months ago) |
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Quote:
ToiletDuk said:
Quote:
meams said:

Well, actually, that little graphic is rather misleading as both Social Security and Medicare both have cash inflows as well, but I'm sure the Heritage Foundation would love to see both eliminated.
The cash "inflows" have always been spent, last year SS had a negative cash flow of over $50 billion, the first negative cash flow in its history.
As the baby boomers start retiring, and the work force remains weak, the SS negative cash flows should only continue to expand in the coming years.
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Le_Canard
The Duk Abides


Registered: 05/16/03
Posts: 94,392
Loc: Earthfarm 1
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Re: The debt ceiling has been reached... again [Re: qman]
#18761369 - 08/26/13 08:49 PM (10 years, 5 months ago) |
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Well, yes, as Meams said it's starting to weaken, due to a number of factors. But $50 billion is hardly 22% of the total budget, I would think.
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findingtruth
Stranger
Registered: 04/20/13
Posts: 34
Last seen: 8 years, 10 months
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Re: The debt ceiling has been reached... again [Re: This_Guy]
#18761372 - 08/26/13 08:51 PM (10 years, 5 months ago) |
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Quote:
This_Guy said: It's not even real money anyway...
Its just 1's and 0's....no different then what your table is worth to YOU
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qman
Stranger

Registered: 12/06/06
Posts: 34,927
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Re: The debt ceiling has been reached... again [Re: Le_Canard]
#18761436 - 08/26/13 09:05 PM (10 years, 5 months ago) |
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Quote:
ToiletDuk said: Well, yes, as Meams said it's starting to weaken, due to a number of factors. But $50 billion is hardly 22% of the total budget, I would think.
SS always had a positive cash flow (more money was collected than was payed out),the excess money was always spent in the general fund.
The phony accounting of the government counts that money that was spent, and puts it into the SS trust fund (box of IOU's), they even collect interest on the "make believe" money.
SS tax money always went into the general budget, but now the program is spending more than it collects, and the deficit was $50 billion last year, not good.
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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Re: The debt ceiling has been reached... again [Re: Le_Canard]
#18761464 - 08/26/13 09:11 PM (10 years, 5 months ago) |
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Quote:
ToiletDuk said: Well, yes, as Meams said it's starting to weaken, due to a number of factors. But $50 billion is hardly 22% of the total budget, I would think.
it's not a problem now......
but it will be.
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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Re: The debt ceiling has been reached... again [Re: memes]
#18761468 - 08/26/13 09:12 PM (10 years, 5 months ago) |
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and yes, i am well aware that the forecasted projections are inherently inaccurate as t increases past the last data point
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zappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 8 months
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Re: The debt ceiling has been reached... again [Re: Patlal]
#18764413 - 08/27/13 03:14 PM (10 years, 5 months ago) |
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Quote:
Patlal said:
Quote:
zappaisgod said:
Quote:
Mush4Brains said: Instead of making cuts, wouldn't it be easier to reduce costs by becoming a healthier nation?
And how do you propose doing that? People indulge in unhealthful pleasures. You want to have forced exercise sessions and outlaw certain foods? Education is no answer. People know the shit they are doing is unhealthy and do it anyway.
In Japan, companes make their employees do exercise during work hours to increase productivity. It works very well. Every nation on earth should it.
Every nation should force it's citizens to exercise? That's fucking vile.
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Prisoner#1
Even Dumber ThanAdvertized!


Registered: 01/22/03
Posts: 193,665
Loc: Pvt. Pubfag NutSuck
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Re: The debt ceiling has been reached... again [Re: Patlal]
#18764428 - 08/27/13 03:16 PM (10 years, 5 months ago) |
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Quote:
Patlal said: Mid October they're saying.
Of course the Democrates and the Republicans can't agree on anything... Again...
I wonder why cause they both know they're gonna have to raise the debt ceiling. The US dollar will lose value, which sucks for everybody.
The only good news is that China owns that majority of the US debt. Since the US will never be able to pay it back, China will lose a shit ton of money. Yay! lol
wow... it's the democrats that cant agree, they still believe in spending their way out of debt and china owns a little over 10% of the public debt, not the majority
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Patlal
You ask too many questions



Registered: 10/09/10
Posts: 44,812
Loc: Ottawa
Last seen: 6 hours, 4 minutes
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Re: The debt ceiling has been reached... again [Re: Prisoner#1]
#18764945 - 08/27/13 05:07 PM (10 years, 5 months ago) |
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Quote:
Prisoner#1 said:
Quote:
Patlal said: Mid October they're saying.
Of course the Democrates and the Republicans can't agree on anything... Again...
I wonder why cause they both know they're gonna have to raise the debt ceiling. The US dollar will lose value, which sucks for everybody.
The only good news is that China owns that majority of the US debt. Since the US will never be able to pay it back, China will lose a shit ton of money. Yay! lol
wow... it's the democrats that cant agree, they still believe in spending their way out of debt and china owns a little over 10% of the public debt, not the majority
Really??? Just 10%????
I am surprised to see that number. I always assumed in was something like 50%. Its that kind of shit you think is a fact because people around you act as if it was super high and you forget to do the research to prove it. People are unreliable.
EDIT: Forbes says its actually 7.5%. Much better than I thought!
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Edited by Patlal (08/27/13 05:10 PM)
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zappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 8 months
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Re: The debt ceiling has been reached... again [Re: Patlal]
#18764963 - 08/27/13 05:12 PM (10 years, 5 months ago) |
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Quote:
Patlal said:
Quote:
Prisoner#1 said:
Quote:
Patlal said: Mid October they're saying.
Of course the Democrates and the Republicans can't agree on anything... Again...
I wonder why cause they both know they're gonna have to raise the debt ceiling. The US dollar will lose value, which sucks for everybody.
The only good news is that China owns that majority of the US debt. Since the US will never be able to pay it back, China will lose a shit ton of money. Yay! lol
wow... it's the democrats that cant agree, they still believe in spending their way out of debt and china owns a little over 10% of the public debt, not the majority
Really??? Just 10%????
I am surprised to see that number. I always assumed in was something like 50%. Its that kind of shit you think is a fact because people around you act as if it was super high and you forget to do the research to prove it. People are unreliable.
EDIT: Forbes says its actually 7.5%. Much better than I thought!
What makes it "better"?
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Patlal
You ask too many questions



Registered: 10/09/10
Posts: 44,812
Loc: Ottawa
Last seen: 6 hours, 4 minutes
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Re: The debt ceiling has been reached... again [Re: zappaisgod]
#18764989 - 08/27/13 05:20 PM (10 years, 5 months ago) |
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Quote:
zappaisgod said:
Quote:
Patlal said:
Quote:
Prisoner#1 said:
Quote:
Patlal said: Mid October they're saying.
Of course the Democrates and the Republicans can't agree on anything... Again...
I wonder why cause they both know they're gonna have to raise the debt ceiling. The US dollar will lose value, which sucks for everybody.
The only good news is that China owns that majority of the US debt. Since the US will never be able to pay it back, China will lose a shit ton of money. Yay! lol
wow... it's the democrats that cant agree, they still believe in spending their way out of debt and china owns a little over 10% of the public debt, not the majority
Really??? Just 10%????
I am surprised to see that number. I always assumed in was something like 50%. Its that kind of shit you think is a fact because people around you act as if it was super high and you forget to do the research to prove it. People are unreliable.
EDIT: Forbes says its actually 7.5%. Much better than I thought!
What makes it "better"?
I thought China owned like 50% of the debt. It's only 7.5%. It isn't as catastrophic as it seems. It's a trillion out 16. I thought China had you by the balls.
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zappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 8 months
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Re: The debt ceiling has been reached... again [Re: Patlal]
#18765042 - 08/27/13 05:32 PM (10 years, 5 months ago) |
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The more debt of ours they hold the more WE have THEM by the balls.
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Patlal
You ask too many questions



Registered: 10/09/10
Posts: 44,812
Loc: Ottawa
Last seen: 6 hours, 4 minutes
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Re: The debt ceiling has been reached... again [Re: zappaisgod]
#18765109 - 08/27/13 05:51 PM (10 years, 5 months ago) |
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Quote:
zappaisgod said:
The more debt of ours they hold the more WE have THEM by the balls.
Not really no.
Both China and the US depends on each others' prosperity. If the US falls China don't have customers. If China falls, there's no more cheap items.
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zappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 8 months
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Re: The debt ceiling has been reached... again [Re: Patlal]
#18765123 - 08/27/13 05:55 PM (10 years, 5 months ago) |
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Quote:
Patlal said:
Quote:
zappaisgod said:
The more debt of ours they hold the more WE have THEM by the balls.
Not really no.
Both China and the US depends on each others' prosperity. If the US falls China don't have customers. If China falls, there's no more cheap items.
If we can take their money and not pay it back they are screwed, not us. If they fall the items they make will be even cheaper.
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Patlal
You ask too many questions



Registered: 10/09/10
Posts: 44,812
Loc: Ottawa
Last seen: 6 hours, 4 minutes
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Re: The debt ceiling has been reached... again [Re: zappaisgod]
#18765220 - 08/27/13 06:23 PM (10 years, 5 months ago) |
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Quote:
zappaisgod said:
Quote:
Patlal said:
Quote:
zappaisgod said:
The more debt of ours they hold the more WE have THEM by the balls.
Not really no.
Both China and the US depends on each others' prosperity. If the US falls China don't have customers. If China falls, there's no more cheap items.
If we can take their money and not pay it back they are screwed, not us. If they fall the items they make will be even cheaper.
And then what? The rest of the world will witness the US screwing China out of a trillion dollars. Then they'll be like, wait, if they did it to China, what's stopping them from screwing us over too? And so foreign investments will move out of the US and they will find a way to avoid doing business with the US. The US economy would collapse while all the other country's economy would surge because suddenly there a huge need to compensate what the US no longer provides.
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zappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 8 months
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Re: The debt ceiling has been reached... again [Re: Patlal]
#18765228 - 08/27/13 06:24 PM (10 years, 5 months ago) |
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Please tell me why the US should need one cent of foreign investment.
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NWlight
Just look


Registered: 01/12/10
Posts: 18,686
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Re: The debt ceiling has been reached... again [Re: zappaisgod]
#18765240 - 08/27/13 06:27 PM (10 years, 5 months ago) |
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lol debt is fake money is fake we can spend whatever we want and bomb people who want it back
#real talk
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