• US to hit debt ceiling by Monday
    180 replies, posted
[QUOTE=The Baconator;38983274]my mom actually believes this. She said Reagan fixed the economy by lowering business taxes. She thinks he had the best economy of any president :v:[/QUOTE] My money is on Bill C. Balanced the budget, made a (small) surplus. Who cares if he had a few handies from a few women!
[QUOTE=The Baconator;38983324]spending for everything but the military has been getting cut significantly ever since Bush's 2nd term. It's still getting cut, just look at nearly everything talking about "budget cuts". So we cut the military or nothing[/QUOTE] but then we can't wave our dicks in the worlds face.
[QUOTE=Stopper;38982302]Can someone closely familiar with US' politics explain what this means in basic terms?[/QUOTE] it means they'll raise the debt ceiling again and continue to spend more money than they have on things we don't need there isn't a single competent economist in politics right now
[QUOTE=TheDestroyerOfall;38982733]We need free fucking college and healthcare. our damned politicians are some of the farthest right in the world.[/QUOTE] yeah we're in a debt crisis better dump more money into something we've been doing fine without for nearly 250 years [editline]26th December 2012[/editline] [QUOTE=Medevilae;38983343]There's no coherent GOP effort to 'stick to its guns' here, the GOP is falling apart, and ironically enough, their refusal to compromise will bring them exactly what they abhor [editline]26th December 2012[/editline] within the decade the GOP is going to splinter[/QUOTE] GOP falls apart every 20 years or so, why do you think they're so far off their original purpose now?
Depression in more ways than one. Figuratively and Literally.
[QUOTE=Kasuga Ayumu;38983657]there isn't a single competent economist in politics right now[/QUOTE] Warren Buffet would make for a great advisor.
And again nothing will happen.
god hates the usa
[QUOTE=wickedplayer494;38983799]Warren Buffet would make for a great advisor.[/QUOTE] snip, fuck, that was Micheal Bloomberg, not Warren Buffet
[QUOTE=wickedplayer494;38983799]Warren Buffet would make for a great advisor.[/QUOTE] He would probably fix our issues ( or at-least make a plan to fix them ) within the first month of office
We're gonna raise it again though so we're not all gonna die yet
[QUOTE=Kasuga Ayumu;38983690]yeah we're in a debt crisis better dump more money into something we've been doing fine without for nearly 250 years[/QUOTE] we've been doing fine without computers, i mean, why even have computers?
[QUOTE=Sobotnik;38984311]we've been doing fine without computers, i mean, why even have computers?[/QUOTE] the government doesn't subsidize personal computers either
[QUOTE=Kasuga Ayumu;38984411]the government doesn't subsidize personal computers either[/QUOTE] well, minus the fact that national governments were involved heavily in the development of both the internet and computers plus the us government subsidizes much of your food and runs much of your transportation and education systems
[QUOTE=Kasuga Ayumu;38983690]yeah we're in a debt crisis better dump more money into something we've been doing fine without for nearly 250 years[/QUOTE] The country has been doing fine without it, at great costs to many of it's citizens. You could use the same logic with a number of other things, but the truth is modern standards have gone up since those days. If a hundred people die on a work site today, it's a tragedy and may even be subject to investigations. Yet 112 people died while building Hoover Dam, and it was still considered a great accomplishment. Just because it was okay back then for someone to starve to death in an alleyway, doesn't mean it should be okay today.
[url]http://www.usdebtclock.org/[/url] Impressive how it goes up... It's like $20 000 each second for the national debt.
[QUOTE=rnd;38984648][url]http://www.usdebtclock.org/[/url] Impressive how it goes up... It's like $20 000 each second for the national debt.[/QUOTE] At least the spending is falling ...
[QUOTE=Mr. Someguy;38984495]The country has been doing fine without it, at great costs to many of it's citizens. You could use the same logic with a number of other things, but the truth is modern standards have gone up since those days.[/quote] In what way? In the 1950's, you could get yourself a decent job and start a family right out of high school, at 18 years old. Compare that to today, where the average college student (forget trying to make a living right out of high school these days), is graduating with insane levels of debt, a degree that is hardly worth anything to an employer, and is stuck living at home with their parents for the foreseeable future. Is everyone really better off now?
[QUOTE=Noble;38984681]In what way? In the 1950's, you could get yourself a decent job and start a family right out of high school, at 18 years old. Compare that to today, where the average college student (forget trying to make a living right out of high school these days), is graduating with insane levels of debt, a degree that is hardly worth anything to an employer, and is stuck living at home with their parents for the foreseeable future. Is everyone really better off now?[/QUOTE] Well, since then the living standards in China and India have skyrocketed.
[QUOTE=Noble;38984681]In what way? In the 1950's, you could get yourself a decent job and start a family right out of high school, at 18 years old. Compare that to today, where the average college student (forget trying to make a living right out of high school these days), is graduating with insane levels of debt, a degree that is hardly worth anything to an employer, and is stuck living at home with their parents for the foreseeable future. Is everyone really better off now?[/QUOTE] I was responding to him about how health and safety standards are much higher now than what they were back then. I used construction workers as an example, because they have benefited greatly from modern safety standards and technology.
[QUOTE=Sobotnik;38984484]well, minus the fact that national governments were involved heavily in the development of both the internet and computers plus the us government subsidizes much of your food and runs much of your transportation and education systems[/QUOTE] Early development of both computers and the internet (ie. not massive WANs like ARPANET which were just existing technologies on a larger scale) were by universities, not the government.
Don't they just increase the debt ceiling every time they get near it? Seems once a year everyone gets all worked up about hitting the debt ceiling, but then they just raise it or come up with some solution to let them keep spending while supposedly cutting costs. I long since stopped being worried about it.
"lets just raise the ceiling again, then the debt problems gone, yes? :downs:" Why have some kind of limit when you can just increase it at will. That kind of removes the point of having a limit in the first place.
The thing that gets me too is that at the end of the day, all of this debt is basically just numbers on a computer. There isn't 15 trillion dollars of cash laying around waiting to be handed over... What I'm getting at is that if things ever reached a point where the entire country was going to collapse and basically tear itself apart due to excessive debt, there's really nothing stopping the major powers from having a little meeting and agreeing to just wipe that debt. Really unlikely, but it's more the concept I'm getting at - it's technically not even real money, and those higher powers can agree amongst themselves to do whatever they please. The idea of a 'debt ceiling' is just a joke... The world at large isn't just going to let a country like America fall to bits, they can't afford to have that happen. Probably sounding like a conspiracy nut right now hahaha
I mean, I know fixing the economy is not an overnight process, but Congress has been 100% unhelpful. Why is it that the nuts we don't actually want in office manage to get all the seats on Congress?
[QUOTE=Kasuga Ayumu;38984833]Early development of both computers and the internet (ie. not massive WANs like ARPANET which were just existing technologies on a larger scale) were by universities, not the government.[/QUOTE] minus the fact that almost all early computers were invented for the purpose of sorting population censuses or cracking codes
[QUOTE=Medevilae;38982423]If the US heads into a recession, Canada will feel it too[/QUOTE] fuck
[QUOTE=RichyZ;38985316]are you actually suggesting that the current education and health systems are fine?[/QUOTE] Fine in principal, but poorly managed. Education needs a more fluid budget outline and healthcare needs someone a lot smarter than you or me to fix.
Money should still be tied to gold. This wouldn't be happening if it was....
[QUOTE=Kasuga Ayumu;38985370]Fine in principal, but poorly managed. Education needs a more fluid budget outline and healthcare needs someone a lot smarter than you or me to fix.[/QUOTE] American healthcare should be nationalized.
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