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(Washington Times)   U.S. debt jumps a record $328 billion, Thursday. A hundred billion here and a hundred billion there and pretty soon you're talking about real money   (washingtontimes.com) divider line 160
    More: Misc, U.S., debt limit  
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3616 clicks; posted to Main » on 18 Oct 2013 at 6:37 PM (26 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-10-18 05:53:30 PM
Will we learn from the lesson of Spain?

Mine too much silver and you destroy your economy
 
2013-10-18 06:16:30 PM
Ooooooh - scarey graph.

media.washtimes.com

I see WT is up to it's usual standards of journalism.
 
2013-10-18 06:17:13 PM

MrBallou: Ooooooh - scarey graph.

[media.washtimes.com image 220x118]

I see WT is up to it's usual standards of journalism.


My dick is bigger than that picture
 
2013-10-18 06:20:37 PM
I'm sure WT was all over it when Bush increased the debt by $10 trillion over eight years, right?
 
2013-10-18 06:28:56 PM
the public debt has not gone up since 03/07/2013, when it hit the previous limit. the government has been playing games while waiting for the house to do its job.
so the actual increase in debt was 328 billion of 7 months, for a monthly average increase of 47 billion
YAWN


get back to me with real newz
 
2013-10-18 06:29:41 PM

cman: MrBallou: Ooooooh - scarey graph.

[media.washtimes.com image 220x118]

I see WT is up to it's usual standards of journalism.

My dick is bigger than that picture


It's a grower, not a shower.
 
2013-10-18 06:39:52 PM
FTFA: The giant jump comes because the government was replenishing its stock of "extraordinary measures" - the federal funds it borrowed from over the last five months as it tried to avoid bumping into the debt ceiling.

Under the law, that replenishing happens as soon as there is new debt space.
 
2013-10-18 06:40:38 PM

cman: Will we learn from the lesson of Spain?

Mine too much silver and you destroy your economy


Yeah, but you balance it out by killing a few million natives in your colonies.
 
2013-10-18 06:41:26 PM
What is it with all of the WT links lately.

This is just terrible.
 
2013-10-18 06:42:03 PM
Thanks Republicans.

"The giant jump comes because the government was replenishing its stock of "extraordinary measures" - the federal funds it borrowed from over the last five months as it tried to avoid bumping into the debt ceiling.
Under the law, that replenishing happens as soon as there is new debt space."
 
2013-10-18 06:43:36 PM

MrBallou: Ooooooh - scarey graph.



I see WT is up to it's usual standards of journalism.


I don't see what the problem is, it just jumps up a little bit and then OH MY GOD!!!
 
2013-10-18 06:44:25 PM
So, in other words, the Treasury Department settled out the extraordinary measures so that the American people would pay lower interest rates?
/*monotone voice* Shocking. Just shocking.
//Oh, noes.
 
2013-10-18 06:45:38 PM
Yea, defaulting would have been better.

*jerking motion*
 
2013-10-18 06:47:31 PM
Does the US have enough money now for 5 more nuclear powered aircraft carriers? They REALLY need at least 12.
 
2013-10-18 06:47:43 PM

crab66: What is it with all of the WT links lately.


www.cmaaastro.com
 
2013-10-18 06:48:37 PM
AN' IT'S ALL THAT DADGUM OBUMMERZ FAULT

*shaking flabby fist*
 
2013-10-18 06:48:42 PM

demaL-demaL-yeH: So, in other words, the Treasury Department settled out the extraordinary measures so that the American people would pay lower interest rates?
/*monotone voice* Shocking. Just shocking.
//Oh, noes.

There has to be a point where giving money away (debt) to prop up the economy ends



i.imgur.com
Spain gave away tons of free monies and look how they ended up
 
2013-10-18 06:48:51 PM
So does this mean we're gonna start taxing rich people?
 
2013-10-18 06:49:00 PM

theknuckler_33: Yea, defaulting would have been better.

*jerking motion*


Well, this works out to about $1000 per man woman and child in the country.  I'll pay mine today if everyone else pays.
 
2013-10-18 06:49:01 PM
I think there will come a time when the U.S. debt will just be wiped clean, and it won't be the end of the world.
 
2013-10-18 06:49:54 PM
You know how when you don't go grocery shopping for a few weeks you run out of those multi-week things in your kitchen that cost a lot of money up front but last for a while?  Things like olive oil or stocks of canned goods etc.

Average their price out over several weeks and they're not bad, but run out of many at once due to a lack of shopping for a period, and you'll have a very nasty grocery bill.
 
2013-10-18 06:50:42 PM
Does this include the 24 billion the economy lost during the shutdown? The GOP should have to pay us back for all that.
 
2013-10-18 06:50:50 PM

Broktun: demaL-demaL-yeH: So, in other words, the Treasury Department settled out the extraordinary measures so that the American people would pay lower interest rates?
/*monotone voice* Shocking. Just shocking.
//Oh, noes.
There has to be a point where giving money away (debt) to prop up the economy ends

[i.imgur.com image 850x478]
Spain gave away tons of free monies and look how they ended up


Yeah, the EU raped them.
 
2013-10-18 06:51:27 PM

NkThrasher: You know how when you don't go grocery shopping for a few weeks you run out of those multi-week things in your kitchen that cost a lot of money up front but last for a while?  Things like olive oil or stocks of canned goods etc.

Average their price out over several weeks and they're not bad, but run out of many at once due to a lack of shopping for a period, and you'll have a very nasty grocery bill.


This is kinda like that except the eggs cost 70 grand and you're feeding a family of 33 lobster every 3 hours.
 
2013-10-18 06:53:36 PM
The entire US economy is a ponzi scheme that will eventually collapse, so stock up on canned goods and inflatable dolls while you still can.
 
2013-10-18 06:53:57 PM

TheShavingofOccam123: So does this mean we're gonna start taxing rich people?


We don't tax rich people!?
 
2013-10-18 06:54:02 PM
People who pee their pants over sovereign debt seem to have no clue that it drives a global investment vehicle (bonds) that are integral to our global economy.
 
2013-10-18 06:54:50 PM
No shiat, they were spending all the cash on hand they had during the "extreme measures" and can now pay it back now that they have the money to.

How the fark are people some dumb they don't understand this.

Do people think money comes in then goes directly out seamlessly?
 
2013-10-18 06:55:13 PM
Note the way the WT implies that the spending is done by President Obama and not Congress.

Judging by the rate of increase over the last five months, that could end up meaning Congress just granted Mr. Obama a debt increase of $700 billion or more.

Not only is this statement misleading it is also pure speculation (the $700 billion figure is pulled out of Rev. Moon's ass).
Apparently having two expensive wars and large tax cuts necessitates borrowing money (unless you can keep those wars off the books like W did).
 
2013-10-18 06:55:42 PM

Dow Jones and the Temple of Doom: TheShavingofOccam123: So does this mean we're gonna start taxing rich people?

We don't tax rich people!?


Apparently not enough.
 
2013-10-18 06:56:09 PM

Dow Jones and the Temple of Doom: TheShavingofOccam123: So does this mean we're gonna start taxing rich people?

We don't tax rich people!?


Some we don't. hundred of thousands of people who make over 200k a year pay nothing in taxes.

Also we have historic low tax rates for rich people.
 
2013-10-18 06:56:11 PM

Broktun: demaL-demaL-yeH: So, in other words, the Treasury Department settled out the extraordinary measures so that the American people would pay lower interest rates?
/*monotone voice* Shocking. Just shocking.
//Oh, noes.
There has to be a point where giving money away (debt) to prop up the economy ends

[i.imgur.com image 850x478]
Spain gave away tons of free monies and look how they ended up


Makes you wonder about those tax cuts back in the early part of this century, doesn't it?
 
2013-10-18 06:56:54 PM

meat0918: Broktun: demaL-demaL-yeH: So, in other words, the Treasury Department settled out the extraordinary measures so that the American people would pay lower interest rates?
/*monotone voice* Shocking. Just shocking.
//Oh, noes.
There has to be a point where giving money away (debt) to prop up the economy ends

[i.imgur.com image 850x478]
Spain gave away tons of free monies and look how they ended up

Yeah, the EU raped them.


When you say EU, you mean Great Britain and Germany?

Is GB even in the EU?
 
2013-10-18 06:57:40 PM
Bet the 17 trillion on the Giants Monday night. It's a lock.
 
2013-10-18 07:00:00 PM

netgamer7k: I think there will come a time when the U.S. debt will just be wiped clean, and it won't be the end of the world.


Not the end of the world, but an deep and long lasting economic downturn at the least making it even harder to pay our bills due to reduced tax revenues. Hell, let's do it today!
 
2013-10-18 07:00:19 PM
I'm stockpiling cat food for when the prawns invade.
 
2013-10-18 07:00:53 PM

Broktun: meat0918: Broktun: demaL-demaL-yeH: So, in other words, the Treasury Department settled out the extraordinary measures so that the American people would pay lower interest rates?
/*monotone voice* Shocking. Just shocking.
//Oh, noes.
There has to be a point where giving money away (debt) to prop up the economy ends

[i.imgur.com image 850x478]
Spain gave away tons of free monies and look how they ended up

Yeah, the EU raped them.

When you say EU, you mean Great Britain and Germany?

Is GB even in the EU?


Well, the United Kingdom is, and has been a part of what is now the EU for like 40 years.
 
2013-10-18 07:01:25 PM

uncleacid: Bet the 17 trillion on the Giants Monday night. It's a lock.


O_o
 
2013-10-18 07:01:57 PM
Thanks a lot, Republicans.
 
2013-10-18 07:03:36 PM

crab66: I'm stockpiling cat food for when the prawns invade.


Wouldn't you just eat the prawns?

3.bp.blogspot.com
 
2013-10-18 07:03:50 PM

Broktun: demaL-demaL-yeH: So, in other words, the Treasury Department settled out the extraordinary measures so that the American people would pay lower interest rates?
/*monotone voice* Shocking. Just shocking.
//Oh, noes.
There has to be a point where giving money away (debt) to prop up the economy ends

[i.imgur.com image 850x478]
Spain gave away tons of free monies and look how they ended up


I've got a question for you: Just how much flexibility does an individual EU member government in the Euro zone have with respect to fiscal policy under the SGP? Name and explain at least four ways that the other member states can impose and have imposed consequences on member states violating the limits? Of those ways, which one is the most significant in terms of impact on the non-complying member's long-term growth, and why? What is the short-term economic fallout (from imposition through 6 quarters) for the member states imposing the consequences?

/Do you even understand the questions well enough to give a coherent answer?
 
2013-10-18 07:03:51 PM
OMG! ITS THE END OF THE WORLD!

Or not.

We should be more concerned about economic growth at the moment, and if you want to tackle the deficit then have both parties come together with smart budgeting. Yet panic will ensue, and Republicans will try to crash the economy again to save the country. *sighs*
 
2013-10-18 07:04:26 PM
You betcha!

upload.wikimedia.org
 
2013-10-18 07:05:17 PM
Oh, and smart legislating. Since of course cutting spending isn't going to be enough. Eh.
 
2013-10-18 07:05:30 PM

Broktun: demaL-demaL-yeH: So, in other words, the Treasury Department settled out the extraordinary measures so that the American people would pay lower interest rates?
/*monotone voice* Shocking. Just shocking.
//Oh, noes.
There has to be a point where giving money away (debt) to prop up the economy ends


Spain gave away tons of free monies and look how they ended up


You don't like playing "USA - World Police"?

/Still waiting on $.99/gallon Iraqi gas...
 
2013-10-18 07:06:04 PM

fusillade762: 'm sure WT was all over it when Bush increased the debt by $10 trillion over eight years, right?


For sure, under a mixed and full Democratic Congress. Now go spread lies somewhere else.
Notice when Clinton was Prez, under a FULL Republican control, nothing was raised. Under FULL Dem control, it ALWAYS ends up like bad.

upload.wikimedia.org
 
2013-10-18 07:08:51 PM
222days.com
A mil here an mil there....
 
2013-10-18 07:08:56 PM

Prophet of Loss: People who pee their pants over sovereign debt seem to have no clue that it drives a global investment vehicle (bonds) that are integral to our global economy.


Thank you. At least one other person understands how debt works.

Instead of "$328 billion in new debt", think of it as "people from both home and abroad invested $328 billion more in America's future". If that still bothers you... I don't know, go find a new hobby or something.

We're at about 106% debt to GDP, and we only have to offer a minuscule amount of interest to make t-bills desirable. This is sustainable for a long time.
 
2013-10-18 07:09:56 PM

poorcku: fusillade762: 'm sure WT was all over it when Bush increased the debt by $10 trillion over eight years, right?

For sure, under a mixed and full Democratic Congress. Now go spread lies somewhere else.
Notice when Clinton was Prez, under a FULL Republican control, nothing was raised. Under FULL Dem control, it ALWAYS ends up like bad.

[upload.wikimedia.org image 850x616]


Dems controlled congress from 2002 - 2012?  Who is spreading lies?

And why didn't Reagan veto?

STFU, moran.
 
2013-10-18 07:11:20 PM
A Washington Times link? Pass.

They're the Fox News of print journalism.
 
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