Thats No Moose: THANK YOU.I'm tired of hearing the "Reserve Currency" BS.
DamnYankees: But, Ryan added, a crisis is "irrefutably" on its way.Yes, because you are so reliable about what is and is not refutable.
TheDarkSaintOfGin: TheDarkSaintOfGin: TheDarkSaintOfGin: DamnYankees: OgreMagi: Anyone who claims we can continue to go deeper into debt with no consequences has obviously not been paying attention to history or current world events. Multiple countries in Europe believed they could spend forever and are now discovering how untrue that is. Greece, Spain, Italy, Cyprus, etc. They're all farked.At the moment Germany is paying to keep the EU from completely falling apart, but they're starting to get annoyed at having to pay for everyone else's mistakes. Trust me, you don't want to annoy the Germans. That never ends well.We're heading down the same road as the EU.It's very rare for someone to display such a confidence misunderstand of monetary economics. I'm EXTREMELY impressed.Fun Fact: We're 5th in the world expected to go belly up, guess who 1-4 is: Greece, Spain, Ireland, (this one is a little more obscure) Japan, and then us. USA, USA, USA. This is according to the Sovereignty Vulnerability Index.Let me correct myself... Just looked it up, its been updated since I got my data: Greece, Japan, Portugal, Ireland, USA. At least we're holding steady?STILL old data.. ANYWAY-here's how its judged- https://www2.blackrock.com/webcore/litService/search/getDocument.seam ? venue=PUB_IND&source=GLOBAL&contentId=1111142235to be honest, I can't find anything beyond my own notes from the seminar I attended on rankings, that I'll concede. I do know that particural lecture was given by one Dr. Clay Moffett. Take it or leave it.
m00: The Why Not Guy: Where were the Tea Party and those "deeply held beliefs" prior to January of 2009?Marginalized by the mainstream media. A lot of conservatives were unhappy about Bush's spending. You just didn't hear about it on FOX or MSNBC.
SenorPez: m00: The Why Not Guy: Where were the Tea Party and those "deeply held beliefs" prior to January of 2009?Marginalized by the mainstream media. A lot of conservatives were unhappy about Bush's spending. You just didn't hear about it on FOX or MSNBC.Does that goalpost have wheels, or is it really heavy to move?
m00: themindiswatching: m00: themindiswatching: Didn't we already debunk this talking point hundreds of times already?Im curious, which part was debunked?The part where it was Obama's fault.Ah. Yes, in the pursuit of internet arguing I've studied the budget from Bush through Obama years. The deficit certainly grew under the Obama administration (deficit, different than debt. Obviously debt grew too) because the budget increased. Every year since 2007, more money was spent than the previous year. But year-to-year who is responsible... the Executive or Congress? The budget process includes both of them. Democrats held the house and senate until 2010. I guess you could say Bush was responsible for the entire cost of the Iraq war (including under Obama), but I was following politics in 2001 and about half of senate Democrats and a third of house Democrats voted for it.I guess I'm not really interested in laying blame at this point, other than holding government collectively responsible for coming up with a solution. This isn't about what party "wins" or "loses." The only losers are us, and the only winners are the political class who keeps getting re-elected because their campaigns are funded by PACs and anonymous wealthy donors who benefit from policies that harm the rest of us.
plewis: Deficits will reduce as the economy improves and we grow our way out of it.
heap: were, too. wherewolves of london.
MattStafford: Thats No Moose: THANK YOU.I'm tired of hearing the "Reserve Currency" BS.Worked well for Zimbabwe?
burning_bridge: What are you going to do about the job crisis right now? Or the disparity of income vs. inflation? If minimum wage kept up with inflation over the past 30 years it'd be over $11 an hour right now.
heap: in that, there isn't much disagreement - but you've got to acknowledge we've went from 'a lot of conservatives disagreed' to 'messageboards' to 'a guy at cato' - if that isn't erosion of the point defined, i don't know what is
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