U.S. in red for 14th straight month (user search)
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  U.S. in red for 14th straight month (search mode)
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Author Topic: U.S. in red for 14th straight month  (Read 1843 times)
Richard
Richius
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Posts: 4,369


Political Matrix
E: 8.40, S: 2.80

« on: December 11, 2009, 05:59:19 PM »

Well, yes, we're in a recession. What do people expect? Record surpluses?
A balanced budget and that we all stop sucking Keynes' shriveled dick.
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Richard
Richius
YaBB God
*****
Posts: 4,369


Political Matrix
E: 8.40, S: 2.80

« Reply #1 on: December 14, 2009, 10:53:08 PM »

Well, yes, we're in a recession. What do people expect? Record surpluses?
A balanced budget and that we all stop sucking Keynes' shriveled dick.

yes, because that is an economic policy that has worked before and did not result in an even worse economic downturn.
Aye, in the late 1910s and early 1920s.
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Richard
Richius
YaBB God
*****
Posts: 4,369


Political Matrix
E: 8.40, S: 2.80

« Reply #2 on: December 14, 2009, 10:56:32 PM »

You are beyond the point of no return.  There is no mathematical possibility of ever paying off your debt and future obligations.  Mr. Obama knows it, and is now maxing out his credit cards and lines of credit.  You can't get blood from a stone.

In the end, you'll have to inflate your way out of the debt (and ruin the dollar) or default (and ruin the dollar).  Either way, you are fscked.

This is not one party's fault.  This is both's fault.  Congress and White House.  But enjoy the last few years you have on your credit cards.
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Richard
Richius
YaBB God
*****
Posts: 4,369


Political Matrix
E: 8.40, S: 2.80

« Reply #3 on: December 16, 2009, 07:26:11 PM »

You are beyond the point of no return.  There is no mathematical possibility of ever paying off your debt and future obligations.  Mr. Obama knows it, and is now maxing out his credit cards and lines of credit.  You can't get blood from a stone.
Lol, don't you think before making statements like the treasury is "maxing out its lines of credit" you should investigate a bit of the actual economics?  Like maybe...I don't know...the bond market?  Don't you think interest rates for new debt would be a little higher if our lines of credit were even close to drying up?
Not if you're running the printing presses 24 hours a day!  The whiplash from a failed treasury auction would be so severe, the Time Person of the Year would print enough money before allowing such a thing to happen.
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