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(ABC)   The scariest quotes about the debt crisis. EVERYBODY PANIC   (abcnews.go.com) divider line 97
    More: Scary, debt crisis  
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10659 clicks; posted to Main » on 15 Oct 2013 at 8:50 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-10-15 08:51:48 AM  
It's Cloverfield all over again!
 
2013-10-15 08:53:28 AM  
"The U.S. must be fully aware that if [default] happens, the U.S. would fall into fiscal crisis."

--Taro Aso, Japan, finance minister


What a sweet kid! he thinks Americans are aware of what they are advocating for!
 
2013-10-15 08:54:16 AM  
Who cares what them damn commie fur-nurs say? We gotta stop them welfare queens from... paying for health insurance...

USA! USA! USA!
 
2013-10-15 08:56:16 AM  
Meanwhile, Ted Cruz is still allowed to walk in public instead of wearing an orange jumpsuit.
 
2013-10-15 08:56:31 AM  
"No matter how much honest, hard earned money the We the People of the world can gather up to build their world the way they want, others, inside and outside of their countries can fire up the fake money presses and print up what ever it takes to dictate their will."
 
2013-10-15 08:59:01 AM  
"The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money."
 
2013-10-15 08:59:25 AM  
The debt crisis is big. Really big. You just won't believe how vastly, hugely, mindbogglingly big it is. I mean, you may think it's a long way down the road to the chemist's, but that's just peanuts to the debt crisis.
 
2013-10-15 09:00:09 AM  
Congressman Peter King R-NY has stated he doesn't believe in ANY economists forecast and Mr King is one of the reasonable kook-aid drinkers.

It's like setting fire to your house to collect the insurance money
 
2013-10-15 09:01:25 AM  
 
2013-10-15 09:01:30 AM  
There is no debt crisis,   just a lack of taxes.    As soon as the tax increases can go into effect the debt will slowly go away.
 
2013-10-15 09:02:43 AM  
It's Y2K again.
 
2013-10-15 09:04:50 AM  
I'm secretly hoping going into default means we all start over at zero.

t3.gstatic.com
 
2013-10-15 09:05:20 AM  
I sum up the debt crisis like this:
 
2013-10-15 09:06:10 AM  

kling_klang_bed: I sum up the debt crisis like this:


Finally, a summary I can roll with.
 
2013-10-15 09:07:15 AM  
Think the teatards are up in arms now, just wait when the value of their life savings evaporates and their disability / social security checks bounce.
 
gja [TotalFark]
2013-10-15 09:08:07 AM  
And everyone knows all these bankers and financial pundits have no vested stake in keeping the status quo?
Right?

Guys?

Anyone there?
(tap tap tap) Is this thing on?

(sound of crickets and frogs)
 
2013-10-15 09:09:05 AM  

netcentric: There is no debt crisis,   just a lack of taxes.    As soon as the tax increases can go into effect the debt will slowly go away.


Riiiiiiiiiiiight.  Because Congress can totally be trusted to not just blow that extra tax revenue.
 
2013-10-15 09:09:22 AM  
And yet the tea baggers consider a default to be a badge of honor.
 
2013-10-15 09:10:02 AM  
The derp...it hurts....
 
2013-10-15 09:12:25 AM  
I sum up the debt crisis like this:

i.imgur.com

PS, sorry I goofed on the last post.
 
2013-10-15 09:12:32 AM  
Quotes from the people who get it aren't scary.  Quotes like these from our legislators are scary:

In an interview with the Washington Post, Rep. Ted Yoho (R-FL) said on not raising the debt ceiling, "I think, personally, it would bring stability to the world markets."

This is because, in his view, "we need to have that moment where we realize [we're] going broke." He firmly told the paper, "I'm not going to raise the debt ceiling." He also characterized the current government shutdown as "the tremor before the tsunami."
 
2013-10-15 09:15:59 AM  

Callous: netcentric: There is no debt crisis,   just a lack of taxes.    As soon as the tax increases can go into effect the debt will slowly go away.

Riiiiiiiiiiiight.  Because Congress can totally be trusted to not just blow that extra tax revenue.


You had a few extra words, so I FTFY.
 
2013-10-15 09:16:55 AM  

gja: And everyone knows all these bankers and financial pundits have no vested stake in keeping the status quo?
Right?

Guys?

Anyone there?
(tap tap tap) Is this thing on?

(sound of crickets and frogs)


You know, that's about the only thing that would be positive about a default.  Maybe the bankers finally WOULD jump.
 
2013-10-15 09:18:35 AM  
Yeah, yeah.
Crisis, blah blah.

Bush tax cuts for the rich became permanent, that's what happened.
Fark that stupidity.
Time to let the adults run the government.
 
2013-10-15 09:20:59 AM  

Weaver95: And yet the tea baggers consider a default to be a badge of honor.


They shut down the government and drive the country to the edge of default in order to protest and prevent ... the government going into default.

I do not think they thought their cunning plan through.
 
2013-10-15 09:21:12 AM  

gja: And everyone knows all these bankers and financial pundits have no vested stake in keeping the status quo?
Right?

Guys?

Anyone there?
(tap tap tap) Is this thing on?

(sound of crickets and frogs)


Came here to say this. The people making these doomsday quotes are the same people who got us in this mess.

They do have a vested interest in keeping the gravy train rolling.
 
2013-10-15 09:21:31 AM  
So our country has been hijacked by a group of mostly southern individuals from some of the poorest, ill-educated, bible-humping regions of our country?

And the future is bleak? Really?
 
2013-10-15 09:24:16 AM  
We might have to stop sending dump trucks full of money to our favorite corporations!
 
2013-10-15 09:25:52 AM  

August11: So our country has been hijacked by a group of mostly southern individuals from some of the poorest, ill-educated, bible-humping regions of our country?

And the future is bleak? Really?


In hindsight, maybe we should have let the South secede
 
2013-10-15 09:27:38 AM  
3.bp.blogspot.com
 
2013-10-15 09:30:28 AM  

Diogenes: Quotes from the people who get it aren't scary.  Quotes like these from our legislators are scary:

In an interview with the Washington Post, Rep. Ted Yoho (R-FL) said on not raising the debt ceiling, "I think, personally, it would bring stability to the world markets."

This is because, in his view, "we need to have that moment where we realize [we're] going broke." He firmly told the paper, "I'm not going to raise the debt ceiling." He also characterized the current government shutdown as "the tremor before the tsunami."


Obviously the guy has his money offshore.
 
2013-10-15 09:32:07 AM  
Do any of you realize how much we owe as a nation? And yes, I know the ceiling term is a misnomer. But, still.
 
2013-10-15 09:34:43 AM  

Callous: netcentric: There is no debt crisis,   just a lack of taxes.    As soon as the tax increases can go into effect the debt will slowly go away.

Riiiiiiiiiiiight.  Because Congress can totally be trusted to not just blow that extra tax revenue.

Percent of GDP
Revenue  Spending  Year
17.6  20.1  1940
22.7  23.9  1950
29    29    1960
31    31    1970
32    34    1980
33    36    1990
37    33    2000
34    35    2005
32    41    2010
33    39    2012

Really no association, other than the fact that in the 90s-2000 revenue went up while spending went down, then in 2000-now revenue went down as spending went up.
 
2013-10-15 09:34:47 AM  

duenor: Do any of you realize how much we owe as a nation?


So?
I'm not going to pay it.
Not my probrem.
How about you?

/I miss the Cold War days when money flowed like water into the MI-Complex and trickled down all over everyone. You could get a good government job if you could fog a mirror.
 
2013-10-15 09:34:53 AM  

HotIgneous Intruder: Weaver95: And yet the tea baggers consider a default to be a badge of honor.

They shut down the government and drive the country to the edge of default in order to protest and prevent ... the government going into default.

I do not think they thought their cunning plan through.


What really scares me is that they DID think this plan through and a default is all part of the plan....
 
2013-10-15 09:35:55 AM  

duenor: Do any of you realize how much we owe as a nation? And yes, I know the ceiling term is a misnomer. But, still.


I don't know,  but it's probably tens of thousands of dollars....
 
2013-10-15 09:36:24 AM  

duenor: Do any of you realize how much we owe as a nation?


China does.  In fact, they're all pretty much lined up for the fire sale that the US will become.  You might as well pick up Cantonese lessons now.
 
2013-10-15 09:37:02 AM  
I remember when the sequester was the end of the world...
 
2013-10-15 09:37:05 AM  

Mega Steve: August11: So our country has been hijacked by a group of mostly southern individuals from some of the poorest, ill-educated, bible-humping regions of our country?

And the future is bleak? Really?

In hindsight, maybe we should have let the South secede


No. I don't think we would be as great without them. But rural Southern Republicans are some of the most alien creatures I have ever met. Good lord.
 
2013-10-15 09:42:08 AM  
There's another country that kept defaulting on their loans... after a certain war... that led to a rise of a particular individual...

http://content.time.com/time/world/article/0,8599,2023140,00.html
 
2013-10-15 09:49:50 AM  

chubby muppet: I'm secretly hoping going into default means we all start over at zero.


Yeah, that's good until you realize how much hunting for your food sucks. If you want to eat you'll have to track down, kill, and gut anything from a ratburger to a deer, or root through the undergrowth for edible plants. Farming is no picnic either. You do backbreaking work all day and are screwed if the weather turns bad. To all those "no government man, live in harmony with nature" hippie anarchist types, I say go move to sub-Saharan Africa for a year and live off the land. In a week you'll be begging to come back.
 
2013-10-15 09:52:14 AM  

Mega Steve: August11: So our country has been hijacked by a group of mostly southern individuals from some of the poorest, ill-educated, bible-humping regions of our country?

And the future is bleak? Really?

In hindsight, maybe we should have let the South secede


I'd still go for it so long as I didn't have to spend one second more listening to the idiots who continue to worship the current idiot in chief and his retarded policies.
 
2013-10-15 09:54:25 AM  

Mega Steve: August11: So our country has been hijacked by a group of mostly southern individuals from some of the poorest, ill-educated, bible-humping regions of our country?

And the future is bleak? Really?

In hindsight, maybe we should have let the South secede


This.

By fighting The South, we've created a multi-generational martyr factory of derp.

We should have let them go off on their own so it would gave imploded on its own and then have them crawl back. That would have been the end of it.
 
2013-10-15 09:54:40 AM  
"As you get closer to it, the panic will set in and something will happen... It would ripple through the global economy in a way you couldn't possibly understand."
--Jamie Dimon, JP Morgan Chase, chairman


If it upsets this douchenozzle that much, well maybe I'm for it.

De-fault! De-fault! De-fault!
 
2013-10-15 09:55:32 AM  

August11: So our country has been hijacked by a group of mostly southern individuals from some of the poorest, ill-educated, bible-humping regions of our country?

And the future is bleak? Really?


Gerrymandering has consequences.
 
2013-10-15 09:55:59 AM  
Those quotes are all beautiful and possibly quite true.  I don't see this as evidence that people should get worked up about it though. I see this as proof that the Republican standoff will not work, and in the end they will give up and put their juvenile little breath holding stunt to an end.
I, for one am going to sit back and enjoy this political theater.

/moderate republican in exile
 
2013-10-15 09:57:57 AM  

Richard C Stanford: chubby muppet: I'm secretly hoping going into default means we all start over at zero.

Yeah, that's good until you realize how much hunting for your food sucks. If you want to eat you'll have to track down, kill, and gut anything from a ratburger to a deer, or root through the undergrowth for edible plants. Farming is no picnic either. You do backbreaking work all day and are screwed if the weather turns bad. To all those "no government man, live in harmony with nature" hippie anarchist types, I say go move to sub-Saharan Africa for a year and live off the land. In a week you'll be begging to come back.


Granted...there is going to be a learning curve
imageshack.us
 
2013-10-15 09:58:57 AM  
From the last time Republicans decided to take the country hostage:
[House of Representatives Speaker John Boehner]: "That would be a financial disaster not only for our country, but for the worldwide economy."

[Sen. Lindsey Graham (R-SC)]: "Let me tell you what's involved if we don't lift the debt ceiling: financial collapse and calamity throughout the world."

And a warning from Ronald Reagan: "The full consequences of a default - or even the serious prospect of default - by the United States are impossible to predict and awesome to contemplate. Denigration of the full faith and credit of the United States would have substantial effects on the domestic financial markets and the value of the dollar."

i.imgur.com

i.imgur.com
 
2013-10-15 10:00:25 AM  

lohphat: Mega Steve: August11: So our country has been hijacked by a group of mostly southern individuals from some of the poorest, ill-educated, bible-humping regions of our country?

And the future is bleak? Really?

In hindsight, maybe we should have let the South secede

This.

By fighting The South, we've created a multi-generational martyr factory of derp.

We should have let them go off on their own so it would gave imploded on its own and then have them crawl back. That would have been the end of it.


So can we go back in time and whisper into Lincolns ear that these guys are going to be a thorn in our side for hundreds of years.
 
2013-10-15 10:01:01 AM  

August11: So our country has been hijacked by a group of mostly southern individuals from some of the poorest, ill-educated, bible-humping regions of our country?

And the future is bleak? Really?


I know it sounds crazy, but it's starting to look as if dogmatism didn't actually solve problems.
 
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