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 Post subject: Re: this debt shit is embarassing.
PostPosted: Sun Jul 31, 2011 5:59 pm  
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Querulous Quidnunc
Joined: Thu May 13, 2010 3:18 pm
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I keep forgetting how canada doesnt have any problems and is perfect in every way.


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 Post subject: Re: this debt shit is embarassing.
PostPosted: Sun Jul 31, 2011 6:11 pm  
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Querulous Quidnunc
Joined: Thu May 13, 2010 12:19 pm
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Usdk wrote:
I keep forgetting how canada doesnt have any problems and is perfect in every way.


Relatively speaking, yeah.

There are a lot of countries that deal with the same problems the US does by embracing options that, for wholly irrational reasons, Americans won't accept.


Aestu of Bleeding Hollow...

Nihilism is a copout.
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 Post subject: Re: this debt shit is embarassing.
PostPosted: Sun Jul 31, 2011 6:39 pm  
Blathering Buffoon
Joined: Wed Aug 18, 2010 7:12 am
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Aestu wrote:
for wholly irrational reasons, Americans won't accept.


It amazes me how people can hold the opinion that all politicians and political pundits are constantly lying, but have no problem believing what they are saying even when it runs completely contradictory to the conclusions reached by experts like scientists, economists, and historians.


Dvergar /
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 Post subject: Re: this debt shit is embarassing.
PostPosted: Sun Jul 31, 2011 6:54 pm  
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Obama Zombie
Joined: Fri May 14, 2010 1:48 pm
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Dvergar wrote:
...to the conclusions reached by experts like scientists, economists, and historians.

Scientists, economists and historians don't always agree, either. Is it a majority rules, where if a majority of scientists believe one thing then that one thing is absolute truth, trumping any contradictory opinions? It's not black and white, you know, and all you're saying is, "You're wrong because you don't agree with my economists, but I'm right because I don't agree with yours."
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 Post subject: Re: this debt shit is embarassing.
PostPosted: Sun Jul 31, 2011 7:11 pm  
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Querulous Quidnunc
Joined: Thu May 13, 2010 12:19 pm
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What Eturnal said


Aestu of Bleeding Hollow...

Nihilism is a copout.
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 Post subject: Re: this debt shit is embarassing.
PostPosted: Sun Jul 31, 2011 7:41 pm  
Pasty Homosexual Nerd Who Talks About Politics
Joined: Fri Jul 30, 2010 11:47 pm
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Aestu wrote:
What Eturnal said


sry


Last edited by Krizen on Thu Apr 09, 2020 11:22 am, edited 1 time in total.
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 Post subject: Re: this debt shit is embarassing.
PostPosted: Sun Jul 31, 2011 7:41 pm  
Pasty Homosexual Nerd Who Talks About Politics
Joined: Fri Jul 30, 2010 11:47 pm
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Aestu wrote:
Usdk wrote:
I keep forgetting how canada doesnt have any problems and is perfect in every way.


Relatively speaking, yeah.

There are a lot of countries that deal with the same problems the US does by embracing options that, for wholly irrational reasons, Americans won't accept.


sry


Last edited by Krizen on Wed Apr 08, 2020 10:03 am, edited 2 times in total.
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 Post subject: Re: this debt shit is embarassing.
PostPosted: Sun Jul 31, 2011 9:22 pm  
Kunckleheaded Knob
Joined: Wed Jul 07, 2010 1:08 pm
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http://www.huffingtonpost.com/2011/07/3 ... lp00000008


Looks like it has pretty much been agreed upon by major party/political leaders. Shouldn't be surprising because defaulting on the debt would be just plain stupid. I was especially excited to see 350 billion dollars of defense spending cuts :D


http://www.wowarmory.com/character-shee ... n=Mazeltov
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 Post subject: Re: this debt shit is embarassing.
PostPosted: Sun Jul 31, 2011 10:23 pm  
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Fat Bottomed Faggot
Joined: Thu May 13, 2010 12:53 pm
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Repubs took military cuts?

Nice.

+1 optimism.


"Ok we aren't such things and birds are pretty advanced. They fly and shit from anywhere they want. While we sit on our automatic toilets, they're shitting on people and my car while a cool breeze tickles their anus. That's the life."
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 Post subject: Re: this debt shit is embarassing.
PostPosted: Sun Jul 31, 2011 10:41 pm  
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Querulous Quidnunc
Joined: Thu May 13, 2010 12:19 pm
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350 billion...over ten years...amounting to $35B a year...out of a $600B+ defense budget...

No tax increases. Total cuts of $1T over ten years or about $100B a year out of a $3.5T budget when the deficit is $1T a year.

This budget is chicken piss. A victory for the status quo. Real change held back by people who can't accept that the best off must contribute more.


Aestu of Bleeding Hollow...

Nihilism is a copout.
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 Post subject: Re: this debt shit is embarassing.
PostPosted: Sun Jul 31, 2011 10:44 pm  
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Querulous Quidnunc
Joined: Fri May 14, 2010 6:59 pm
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oh, the distraction's over? good.


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 Post subject: Re: this debt shit is embarassing.
PostPosted: Sun Jul 31, 2011 11:09 pm  
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Fat Bottomed Faggot
Joined: Thu May 13, 2010 12:53 pm
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Fantastique wrote:
Weena wrote:
Compromise is letting the debt ceiling go up.


...Wait, you were serious?

There is NO other choice. Compromise is tax hikes on the rich + spending cuts on everything including entitlements. PERIOD. Taking a bite out of the things that the parties don't want to do is compromise, NOT doing what is universally accepted as being in the nation's interest. Think otherwise and find yourself among the foolish.

Letting the gov't default is not good, it makes us look bad in the world's eye and damages the economy further. Why would you want that? If you have no national pride and think it's okay to go through an embarrassing default, gtfo - don't worry, you won't be missed. It's not like we need more dumbasses in this country anyway.


Your premise that the government wouldn't be able to pay it's debts without an increase in the debt ceiling was predictably incorrect in the past few weeks and has recently become provably false since the treasury stated it plans to service the debt before anything else should a deal not occur.

To say it in a manner equal to the way you put it: to think the US Treasury would even consider default is insane. The two simple facts that there is money to service the debt (it's just promised to other avenues), and that a default would be crushing, are enough to come to the conclusion that the treasury wouldn't let it occur. Think otherwise and find yourself among the foolish.


"Ok we aren't such things and birds are pretty advanced. They fly and shit from anywhere they want. While we sit on our automatic toilets, they're shitting on people and my car while a cool breeze tickles their anus. That's the life."
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 Post subject: Re: this debt shit is embarassing.
PostPosted: Sun Jul 31, 2011 11:32 pm  
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Querulous Quidnunc
Joined: Thu May 13, 2010 12:19 pm
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That sounds a lot like "the unthinkable can't happen".

Unfortunately, it can. Go ask Gorby.


Aestu of Bleeding Hollow...

Nihilism is a copout.
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 Post subject: Re: this debt shit is embarassing.
PostPosted: Mon Aug 01, 2011 12:34 am  
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Querulous Quidnunc
Joined: Thu Aug 23, 2007 10:39 pm
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 Post subject: Re: this debt shit is embarassing.
PostPosted: Mon Aug 01, 2011 6:55 am  
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Obama Zombie
Joined: Fri May 14, 2010 1:48 pm
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I haven't checked the news yet. Can someone give me the cliff-notes so I don't have to search for them? I'm particularly curious if the balanced budget amendment is still in the deal.
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