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07-06-2012, 04:46 PM
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#31
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Valued Poster
Join Date: Mar 10, 2010
Location: Houston
Posts: 5,740
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Quote:
Originally Posted by icuminpeace
Guys, stop siding with either party. Come to the light! It's actually enlightening to know that neither one represents us.
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You still have to vote for someone. Romney may be lousy, but Obama is a nightmare. There is a difference.
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07-06-2012, 04:49 PM
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#32
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Valued Poster
Join Date: May 20, 2010
Location: Wichita
Posts: 28,730
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Yeah, CBJ7. You knew it the whole time.
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07-06-2012, 04:51 PM
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#33
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Valued Poster
Join Date: Feb 9, 2010
Location: Here
Posts: 14,191
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Quote:
Originally Posted by CuteOldGuy
Yeah, CBJ7. You knew it the whole time.
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I predicted you'd say that
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07-06-2012, 04:55 PM
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#34
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Valued Poster
Join Date: May 20, 2010
Location: Wichita
Posts: 28,730
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Wow! You're good! And here I predicted you'd give an intelligent answer. Just goes to show . . .
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07-06-2012, 04:59 PM
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#35
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Valued Poster
Join Date: Feb 9, 2010
Location: Here
Posts: 14,191
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debt level
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07-06-2012, 05:03 PM
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#36
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Valued Poster
Join Date: Mar 10, 2010
Location: Houston
Posts: 5,740
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Quote:
Originally Posted by CuteOldGuy
WW, their collapses were not as huge as ours will be, and when ours happens, the world goes with us. It will be a disaster of biblical proportions. There is no way to predict its effect on society, except to say that the banksters and their friends will be happy, fed, and safe.
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The real question is what happens when we don't have the money to pay for the services promised, the unfunded liabilities. No amount of tax increases will be enough to pay the 100 trillion plus, that is the real national debt.
Ultimately, when it all collapses, there will be enormous human suffering. The social welfare state is a cruel joke. Politicians tell people they can eat the seed corn without consequence. The money for Social Security, Medicare, Medicaid, and all the various giveaway programs is just not there. The Feds have known this day was coming for decades. It was inevitable.
"If something cannot go on forever, it will stop,"
Herbert Stein's Law
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07-06-2012, 05:08 PM
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#37
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Valued Poster
Join Date: Feb 9, 2010
Location: Here
Posts: 14,191
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nothing yet cof?
even though the public debt is 5 trillion dollars higher under Obies hand, he has kept the debt level as a percentage (both public and government) slightly lower than the former president
FAR RIGHT COLUMN
sport.
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07-06-2012, 05:13 PM
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#38
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Valued Poster
Join Date: May 20, 2010
Location: Wichita
Posts: 28,730
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Why does the percentage of the debt to GDP matter, CBJ7? Does that mean it doesn't have to be repaid? Look up the term "red herring." You might learn something.
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07-06-2012, 05:24 PM
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#39
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Account Disabled
Join Date: Jan 3, 2010
Location: Here.
Posts: 13,781
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+1...the civil problems will come from the famous dead-enders. Those who were not pulling the cart, but demanding more and more free shit - the anarchists, OWSers, labor unioins, academia lefties, the usual suspects.
When the shit hits the fan, let's hope we have a Margaret Thacher in the Oval Office instead of an Obama.
Quote:
Originally Posted by joe bloe
The real question is what happens when we don't have the money to pay for the services promised, the unfunded liabilities. No amount of tax increases will be enough to pay the 100 trillion plus, that is the real national debt.
Ultimately, when it all collapses, there will be enormous human suffering. The social welfare state is a cruel joke. Politicians tell people they can eat the seed corn without consequence. The money for Social Security, Medicare, Medicaid, and all the various giveaway programs is just not there. The Feds have known this day was coming for decades. It was inevitable.
"If something cannot go on forever, it will stop,"
Herbert Stein's Law
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07-06-2012, 05:34 PM
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#40
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Valued Poster
Join Date: Feb 9, 2010
Location: Here
Posts: 14,191
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Quote:
Originally Posted by CuteOldGuy
Why does the percentage of the debt to GDP matter, CBJ7? Does that mean it doesn't have to be repaid? Look up the term "red herring." You might learn something.
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my next question would be
how can a president raise the public debt 5 trillion dollars and keep the gdp%lower than it was before he tacked on the 5 trill ?
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07-06-2012, 05:49 PM
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#41
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Account Disabled
Join Date: Jun 29, 2012
Location: Austin
Posts: 874
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WW - I personally wouldn't put Tea Party and Romney in the same sentence, but I guess we'll have to wait to find out.
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07-06-2012, 06:01 PM
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#42
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Account Disabled
Join Date: Jan 3, 2010
Location: Here.
Posts: 13,781
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Icum; I agree.
Romney has not embraced the Tea Party. He is keeping his distance to his harm imo. But that said, Romney is a wet noodle. If the Tea Party is half as successful in 2012 as they were in 2010, then the TP will have a signficicant seat at the policy table. Romney can be the useful tool for the TP.
If the TP can get 3 to 5 more Jim DeMints and a handful more in the House, then it is a game changer in Congress, especially with a Romney win.
But time will tell and Romney will have to be a skilled campgainer to beat back Obama.
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07-06-2012, 06:03 PM
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#43
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Valued Poster
Join Date: May 20, 2010
Location: Wichita
Posts: 28,730
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Quote:
Originally Posted by CJ7
my next question would be
how can a president raise the public debt 5 trillion dollars and keep the gdp%lower than it was before he tacked on the 5 trill ?
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You always refuse to answer my questions, CBJ7. Why are you afraid to answer them?
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07-06-2012, 06:06 PM
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#44
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Account Disabled
Join Date: Jun 29, 2012
Location: Austin
Posts: 874
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WW - We shall see. Put it this way, in my book, they all start with an F and have to work their way up to an A. I'm hoping I'm wrong about Romney, as I really want the US to continue to be the greatest country in the world (despite what some say).
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07-06-2012, 06:25 PM
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#45
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Valued Poster
Join Date: Feb 9, 2010
Location: Here
Posts: 14,191
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Quote:
Originally Posted by CuteOldGuy
You always refuse to answer my questions, CBJ7. Why are you afraid to answer them?
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to answer your question .... the gdp is the economic canary in the coal mine.
now answer my question
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