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sonamdrukpa
Wayfarer


Registered: 10/18/11
Posts: 2,777
Last seen: 2 months, 8 days
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Default = pussy
#18981375 - 10/15/13 01:37 PM (10 years, 3 months ago) |
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So I wake up today and there's STILL no debt ceiling deal. Do y'all think we're gonna default? I ask because the unleashing of a worldwide economic apocalypse is highly advantageous for my penis in the short run, I told a girl while we were drunk that the U.S. would default and we made a big deal about it.
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Lynnch
Strangerer



Registered: 04/29/09
Posts: 7,855
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So this is all your penis's fault then hmmm?
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mpd
Lammen Gorthaur



Registered: 10/22/12
Posts: 9,660
Loc: Mostly at home... Mostly....
Last seen: 8 years, 7 months
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There will be no default. The odds are that Harry Reid and Obama will become a couple before we see a default. We are taking in a record amount of taxes (thanks for nothing, Obama) this year and there is plenty to pay the interest on the debt. The Democrats are just trying to scare low information voters into pressuring the Republicans to not cut spending, but spending will be cut.
-------------------- There is no truer calling for mankind than that of true conservatism.
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ChinChiller



Registered: 07/03/10
Posts: 3,270
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Re: Default = pussy [Re: mpd]
#18981415 - 10/15/13 01:44 PM (10 years, 3 months ago) |
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Quote:
mpd said: There will be no default. The odds are that Harry Reid and Obama will become a couple before we see a default. We are taking in a record amount of taxes (thanks for nothing, Obama) this year and there is plenty to pay the interest on the debt. The Democrats are just trying to scare low information voters into pressuring the Republicans to not cut spending, but spending will be cut.
Cut the defense budget way more than welfare and education, get the fuck out of Afghanistan. Raise the income/property taxes like we have done in CA(with a democratic congress and Governor) to deal with the deficit. Unless we have already done that?
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ChinChiller



Registered: 07/03/10
Posts: 3,270
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This whole bi-partisan thing is such bullshit...both sides are in the wrong, but it seems the die hard Republicans can't deal with the fact : 1)Obamacare was passed fair and square 2) They didn't win the last presidential election so its way more difficult to repeal it
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NWlight
Just look


Registered: 01/12/10
Posts: 18,686
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cut welfare more and put it into NASA.
space is cool and shit.
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sonamdrukpa
Wayfarer


Registered: 10/18/11
Posts: 2,777
Last seen: 2 months, 8 days
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Re: Default = pussy [Re: mpd]
#18981457 - 10/15/13 01:52 PM (10 years, 3 months ago) |
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Quote:
mpd said: There will be no default. The odds are that Harry Reid and Obama will become a couple before we see a default. We are taking in a record amount of taxes (thanks for nothing, Obama) this year and there is plenty to pay the interest on the debt. The Democrats are just trying to scare low information voters into pressuring the Republicans to not cut spending, but spending will be cut.
This was exactly the sort of thing I was hoping to hear.
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ChinChiller



Registered: 07/03/10
Posts: 3,270
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Re: Default = pussy [Re: NWlight]
#18981469 - 10/15/13 01:56 PM (10 years, 3 months ago) |
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Quote:
NWlight said: cut welfare more and put it into NASA.
space is cool and shit.
I have no objection to that, RnD has taken a hit recently,besides defense...space is awesome
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ChinChiller



Registered: 07/03/10
Posts: 3,270
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I think the focus should be less on welfare and more on education...The US system sucks compared to other countries.
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sonamdrukpa
Wayfarer


Registered: 10/18/11
Posts: 2,777
Last seen: 2 months, 8 days
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The U.S. doesn't need any more money on education - we'll blow it on standardized testing. Like your dumb uncle who you give money for gas and he spends it on those phony mpg-increasing fuel additives.
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qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 2 days, 51 minutes
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Quote:
sonamdrukpa said:
Quote:
mpd said: There will be no default. The odds are that Harry Reid and Obama will become a couple before we see a default. We are taking in a record amount of taxes (thanks for nothing, Obama) this year and there is plenty to pay the interest on the debt. The Democrats are just trying to scare low information voters into pressuring the Republicans to not cut spending, but spending will be cut.
This was exactly the sort of thing I was hoping to hear.
Yes, we can make the interest payments (big deal), but who is going to buy all of the new debt issuance next year, and the year after? The printing press.
This is all theater, the real crisis is off in the future.
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ChinChiller



Registered: 07/03/10
Posts: 3,270
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Yeah Bush and his buddies in Texas publishing companies fucked the US over with No Child Left Behind (aka teach for tests and out of "our" books), education shouldn't be so "political". I think there should be a focus on revising the system and teachers should be a profession that is highly regarded in this country like it is in others, even at the elementary level. Good teachers in the public school system don't get enough credit because how can we recognize them with the fucked up system we have in place.
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ChinChiller



Registered: 07/03/10
Posts: 3,270
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Re: Default = pussy [Re: qman]
#18981519 - 10/15/13 02:09 PM (10 years, 3 months ago) |
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Quote:
qman said:
Quote:
sonamdrukpa said:
Quote:
mpd said: There will be no default. The odds are that Harry Reid and Obama will become a couple before we see a default. We are taking in a record amount of taxes (thanks for nothing, Obama) this year and there is plenty to pay the interest on the debt. The Democrats are just trying to scare low information voters into pressuring the Republicans to not cut spending, but spending will be cut.
This was exactly the sort of thing I was hoping to hear.
Yes, we can make the interest payments (big deal), but who is going to buy all of the new debt issuance next year, and the year after? The printing press.
This is all theater, the real crisis is off in the future.
If a corporation goes bankrupt the bond holders are the first in line for hard assets, will/does this ever happen with government debt even at the municipal level let alone the national level?
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qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 2 days, 51 minutes
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Quote:
Errolscool said:
Quote:
qman said:
Quote:
sonamdrukpa said:
Quote:
mpd said: There will be no default. The odds are that Harry Reid and Obama will become a couple before we see a default. We are taking in a record amount of taxes (thanks for nothing, Obama) this year and there is plenty to pay the interest on the debt. The Democrats are just trying to scare low information voters into pressuring the Republicans to not cut spending, but spending will be cut.
This was exactly the sort of thing I was hoping to hear.
Yes, we can make the interest payments (big deal), but who is going to buy all of the new debt issuance next year, and the year after? The printing press.
This is all theater, the real crisis is off in the future.
If a corporation goes bankrupt the bond holders are the first in line for hard assets, will/does this ever happen with government debt even at the municipal level let alone the national level?
Either the value of the bonds goes lower, the currency that it's priced in, or both.
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ChinChiller



Registered: 07/03/10
Posts: 3,270
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Re: Default = pussy [Re: qman]
#18981535 - 10/15/13 02:15 PM (10 years, 3 months ago) |
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Would investing in T- notes right now be a dumb idea then?
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Lynnch
Strangerer



Registered: 04/29/09
Posts: 7,855
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Re: Default = pussy [Re: mpd]
#18981598 - 10/15/13 02:33 PM (10 years, 3 months ago) |
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Quote:
mpd said: The Democrats are just trying to scare low information voters into pressuring the Republicans to not cut spending, but spending will be cut.
I'm sorry, what universe do you live in? The tea-party extremists are trying to force their agenda by refusing to do their job until they get their way. This has nothing to do with cutting spending or reducing debt, and everything to do with an obstructionist group of nut-jobs attempting to turn back time and pretend their guy won the election. They have said flat out "We will force a shutdown/ default if you do not give in to our demands", but somehow this is the democrats fault?? I think it's disgusting that the GOP is resorting to these underhanded ways.
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qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 2 days, 51 minutes
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Quote:
Errolscool said: Would investing in T- notes right now be a dumb idea then?
Absolutely, beyond dumb. Manipulated low interest rates, and a upcoming debt/currency crisis down the road, this 33 year bubble in bonds will be the biggest burst in world history, when is any ones guess?
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