Government Shutdown; The Debt Ceiling
- Thread starter Spiri7o
- Start date
the.hellion.
Member
I don't have a fucking clue.
I just want to point out that the Canadian and American governments are technically going back to work the same day. Oh yeah, the Canadian government was shut down too, or rather more elegantly, prorogued.
I just want to point out that the Canadian and American governments are technically going back to work the same day. Oh yeah, the Canadian government was shut down too, or rather more elegantly, prorogued.
Wallisch_pl
Active member
NWO
we r legon
epxect us
1337 haxxor
we r anymouse
shut up mom im doin a video
we r legon
epxect us
1337 haxxor
we r anymouse
shut up mom im doin a video
WE'RE ALL GONNA DIE
Mr.LemonPie
Active member
Honestly does it really matter at all if the US is in loads of debt to China. I mean over the course of history we've seen loads of countries come to resolutions over astounding debt, no reason it wouldn't happen again. I mean honestly, what would China do if we just said, 'fuck it we're not paying you back?'
CassiusClay
Active member
Exactly. In the end, it doesn't matter much what America does- will China invade if they aren't paid? No. Round two of the ceiling was pretty lame, I was put-ing for fireworks. Licking some cuts. On standby for some noise on the Atlantic front- when will EURO trouble resurface?
Wallisch_pl
Active member
I can't stop laughing at this
I can't find the original picture too!
I can't find the original picture too!
Mr.Huck
Active member
Well for starters, do you think that they are likely to loan us more money if we go that route? If we do that to one country, any other country that loans us money is going to demand a higher interest rate. You can conduct your own experiment if you want. Get as many credit cards as you can, max them out and tell the credit card companies to fuck off. Then see what happens. Most real jobs require a credit check before they will hire you. So basically, you will be qualified for a job in male prostitution. Good luck with that.
The concern is not that China will launch nukes or invade us if we don't pay our debt. The concern is that there is a significant recession in the far East and they are unable or unwilling to loan us more money. Then the only way to prevent a government shutdown is to print more money. The government stays open, but the price of a loaf of bread goes up to $10.
Whether you are an individual or a country, if you spend more than you make, you will eventually go broke.
The concern is not that China will launch nukes or invade us if we don't pay our debt. The concern is that there is a significant recession in the far East and they are unable or unwilling to loan us more money. Then the only way to prevent a government shutdown is to print more money. The government stays open, but the price of a loaf of bread goes up to $10.
Whether you are an individual or a country, if you spend more than you make, you will eventually go broke.
Huck_Norris
Active member
Lolcreditunderstandingfail
spliff.Life
Active member
that wouldnt be too bad, theres a lot of overweights that could use it
Mr.LemonPie
Active member
I don't know that doesn't seem too bad to me...
But I do understand the negatives of a person having bad credit. The banks rule the world, if you owe them money there really isn't anything to protect you. I get that completely. I just think that in this world, where creating new money is changing numbers on a computer massive debt is just a joke. Why would we need loans if we just stopped paying all of our debt? We could still print out USD and give loans for all it mattered.
What if we just minted coins that were worth a trillion dollars each and pay off all our debt? It would devalue the currency at first, but as currency worth is all speculative now a debt free American government would be able to support the most powerful economy in the world much better than it does now. As the economy recovers from the initial shock we'd be sweet as and debt free...
I don't know anything about economics. I just think that the global economic system since the 1970s has just been spiraling downhill, and now in the digital age I really just see it as a joke. I'm really not interested in ways to fix the system, I'm interested in how to tear it down and see what other options there are.
But I do understand the negatives of a person having bad credit. The banks rule the world, if you owe them money there really isn't anything to protect you. I get that completely. I just think that in this world, where creating new money is changing numbers on a computer massive debt is just a joke. Why would we need loans if we just stopped paying all of our debt? We could still print out USD and give loans for all it mattered.
What if we just minted coins that were worth a trillion dollars each and pay off all our debt? It would devalue the currency at first, but as currency worth is all speculative now a debt free American government would be able to support the most powerful economy in the world much better than it does now. As the economy recovers from the initial shock we'd be sweet as and debt free...
I don't know anything about economics. I just think that the global economic system since the 1970s has just been spiraling downhill, and now in the digital age I really just see it as a joke. I'm really not interested in ways to fix the system, I'm interested in how to tear it down and see what other options there are.
bigbromskier
Active member
In a nutshell, goods and services are worth whatever investment the free market deems appropriate in return. With little or no return, the provider of goods and services would usually cease to provide such products, or improve them to attract more investment to at least break even, which is what the US would do were it a smart businessman/woman.
So basically to balance its budget the US must make its services--healthcare, infrastructure, and military etc--worth paying more for. Either taxable citizens pay up, which I think is a worthy investment for quality healthcare and infrastructure for all, but does it really benefit our population to be galavanting across the globe with battleships and tanks in tow when the money comes out of our pockets? Maybe in the time of Teddy Roosevelt, who started these imperialistic notions, but also had a strong economy to back those expenses. Of course, he wasn't spending into the trillions, a la Dubya, who simultaneously drove his economic backing into the ground. Broad statement, but broadly true.
I'm trying to see all sides, but wouldn't it make sense to improve our own country with what resources we have, rather than throwing all of our money, which we don't have, into a non-refundable pit in the Sahara Desert? I'm hopeful that there will be some serious reconsidering of our military expenditures as this series of recent events showed that, perhaps, Americans do want accessible healthcare and that building partisan stonewalls only drowns oneself deeper in the pit of selfish ideological tea. Let it be known that if it weren't for their incredibly old school social views, many democrats would probably consider themselves moderate republicans and even side with them. Sadly for those moderate republicans, their radical brethren really blew it. So now that the Reds are admittedly at rock bottom, hopefully we make some rational agreements in discussing how to fix our finances.
So basically to balance its budget the US must make its services--healthcare, infrastructure, and military etc--worth paying more for. Either taxable citizens pay up, which I think is a worthy investment for quality healthcare and infrastructure for all, but does it really benefit our population to be galavanting across the globe with battleships and tanks in tow when the money comes out of our pockets? Maybe in the time of Teddy Roosevelt, who started these imperialistic notions, but also had a strong economy to back those expenses. Of course, he wasn't spending into the trillions, a la Dubya, who simultaneously drove his economic backing into the ground. Broad statement, but broadly true.
I'm trying to see all sides, but wouldn't it make sense to improve our own country with what resources we have, rather than throwing all of our money, which we don't have, into a non-refundable pit in the Sahara Desert? I'm hopeful that there will be some serious reconsidering of our military expenditures as this series of recent events showed that, perhaps, Americans do want accessible healthcare and that building partisan stonewalls only drowns oneself deeper in the pit of selfish ideological tea. Let it be known that if it weren't for their incredibly old school social views, many democrats would probably consider themselves moderate republicans and even side with them. Sadly for those moderate republicans, their radical brethren really blew it. So now that the Reds are admittedly at rock bottom, hopefully we make some rational agreements in discussing how to fix our finances.
