84 replies to this topic

[Delhommey]

Why? You don't understand basic economics.

[pstall]

since we like comparing the US to other countries, i think Japan is good for this thread. from inflation/% rates, jobs and the old gentrification thingy.

[thefuzz]

Why? You don't understand basic economics.

Am I the only person in the nation who thinks that the government is spending more than it can pay back?

I guess I am....no one else thinks that the government is overbloated.

I gues I won't either any longer.

In fact, I am going to head downtown and see if I qualify for food stamps and check on my disability policy, while wearing my Navy tee shirt that the local recruiter gave me.

[Delhommey]

Have fun. Be sure to tell people why you're doing what you're doing because they'll sure want to know.

[pstall]

for the deficit spending fans. what is your red line for the overall debt before you go oh man that's not good?

[Delhommey]

About where it's at right now.

lol

[thefuzz]

About where it's at right now.

lol

NO WAY!

So we finally reached it...well good for us.

[Delhommey]

ZOMG WE'RE JUST LIKE GREECE!1!!!!

[thefuzz]

ZOMG WE'RE JUST LIKE GREECE!1!!!!

Not yet, but to think that it's impossible it just as foolish as to think that we are already there.

[Tensor]

I actually don't know anyone in their mid to late 20's (that went to college) that are unemployed except those that are in graduate school.

[Delhommey]

If our corruption level skyrocketed, our economy became dependent on a handful of fragile industries, our per capita income plummeted and if we started borrowing an obscene amount from foreign creditors, all while using dirty bookkeeping to hide the problem for decades, yes we could become Greece.

Oh, we'd need to let France and Germany control our interest rate as well.

[pstall]

quantify corruption level. and yeah i get the need and timing of deficit spending. ya gotta admit the overall debt can errode leverage and buying power.
it reduces the elasticity of the overall economy.

[natty]

Am I the only person in the nation who thinks that the government is spending more than it can pay back?

I guess I am....no one else thinks that the government is overbloated.

I gues I won't either any longer.

In fact, I am going to head downtown and see if I qualify for food stamps and check on my disability policy, while wearing my Navy tee shirt that the local recruiter gave me.

You do realize that there is theoretically no limit to that amount, right?

Be pissed off at the interest being paid, but not at the loss of ability to pay it back.

for the deficit spending fans. what is your red line for the overall debt before you go oh man that's not good?

I think most would agree we are already there. There's a time and place for everything though. It's risky to potentially squash any recovery with austerity at this point. Just boosting the economy will fix a lot of deficit problems.

[thefuzz]

quantify corruption level. and yeah i get the need and timing of deficit spending. ya gotta admit the overall debt can errode leverage and buying power.
it reduces the elasticity of the overall economy.

My worry is how much more are they gonna take from those making 40-140K per year to start making up for all the baby boomers retiring?

[thefuzz]

You do realize that there is theoretically no limit to that amount, right?

Be pissed off at the interest being paid, but not at the loss of ability to pay it back.



I think most would agree we are already there. There's a time and place for everything though. It's risky to potentially squash any recovery with austerity at this point. Just boosting the economy will fix a lot of deficit problems.

Theory does not always work in reality.