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We aren't just committed to college football; we're early enrolling in it.
Where the madness isn't just in March.
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You are more than welcome to PM me or any of the other mods on what you deem as far worse on the front page.
I honestly think you do better than most
My only complaint is why are some allowed to cuss non stop.
The one time I did it outside of the LNC, I was told I would be banned 6 months if it happened again
Interest on the debt is a policy variable. All that matters is that growth > rate of interest.
I'm not a snitch. I don't care if they stay or go. Just like consistency is all. I'm anti-oppression. Let them all stay.
Sometimes we don't see it. Also you don't see the countless deleted posts we do when we see them. I'm willing to bet we do a lot more than you think. Obviously there is some freedom with some words a little. The F word is one that I really will delete the post as soon as I see it.
Fair enough....just curious
When we go into a depression, I can't wait to see what Libs are saying then
hookay so here we go.. As rated G as i can put it Mods...
1.) Don't know what month was the last we actually ran a surplus; not that it matters if you run an annual deficit it still shows up as a net loss on the YE P&L statement. the last year we had a true annual budget surplus was 2001.
So in easy terms you budget $200/month for beer. in January you only spend $180 on beer. GREAT!!! you have a $20 surplus. But then you pursue an 11 month bender where you consume $600/month in booze. Not only are you really hung over on December 31st, but your really broke.
And to rub salt on your wonders you get to pay INTEREST on that bad boy!!! Ahh lucky you now your really screwed. Word to the wise, being your a college kid, avoid credit cards at all costs; you will be so grateful you did when you are older.
2.) Its not a question of zeroing the books its a question of reducing principal rather than just paying interest on our debts. The only way we do that is cutting our deficit. Uncle Sam wont be getting interest only terms from foreign nations anytime soon.
3.) I am clearly NOT "one of most people" but yes in the future I will clarify for you sorry bud.
4.) Nope just your Average Joe Libertarian Mortgage Banker/Trader/Entrepreneur
This post was edited by LonestarAg 10 13 months ago
I will do anything to help out. Even give up my social security if wall st needs more money to gamble with! Do you want my Medicare too? I will make the sacrifice to the economy gods.
Look at a chart of GDP growth over the last 50, 25, 10, 5, 3, and 1 year.
In all seriousness, I would be concerned with the stock market. The reason we have stagnant gdp growth is because we no longer care about real growth. Just gambling. Banksters hijacked our economy years ago. http://m.yahoo.com/w/legobpengine/finance/blogs/daily-ticker/stock-market-debt-fueled-bubble-steve-keen-121950839.html?.intl=us&.lang=en-us
Don't be a douche.
This kind of arrogance is exactly why Republicans can't win a national or high profile election.
This post was edited by joetheogre 13 months ago
They said the same thing in the 80s about the exploding debt.
On Twitter: @Niebuhr247
debt crisis and a structural deficit that can be fixed with long term changes are two different things.
Compare the interest rates on Government bonds in the US with Greece, Spain, or Japan in the early 90s for a comparison.
If we were in a "debt crisis" the interest rates on government bonds wouldn't be among the lowest in US history.
The actions of the Fed and the current global recession are helping to hold down those rates, but that doesn't change the fact that US debt is the safest (least risk) debt that institutional investors and sovereign nations can buy.
Anybody that thinks we are in a "debt crisis" is either really bad at math or intentionally stupid.
The annual deficit is decreasing each year.
We don't have a debt crisis. That may conflict with your political views. But its clear that basic math and interest rates also conflict with your political views.
But I am sure you think you are smarter than the basic laws of math, so whats the point of debating facts.
1.) Forget the federal outlays. I'm not asking you to look at the accounts/notes receivable vs. the accounts notes/payable and project a 10 year growth chart from one shred of information. This is about the bottom line that is the net operating income. If you bring in less than you make than you have a problem.
So you can either bark up trees or admit we have a spending/debt problems. Makes no difference to me really i suppose you were good for getting a rise one afternoon. that is all you are really.
2.) It should be. Now your getting into the funny money accounting Dems and Reps yell at each other about all session. I decline, not worth arguing over a line item.
4.)Yes, because QE1, QE 2 and now QE 3 have worked so well. But yes i concede I am not qualified to run the fed nor would I want to put up with the headaches. Private sector is more fun and less headaches.
And you Sir are 100% correct. We never really created any value from 1998-2008. It was all just an idea that value was being created from trading debt.
Not a Republican, Libertarian.
Don't post much but read when i can. Just wanted to knock BLFs hubris down a few notches this afternoon, I suppose.
Apologizes in advance to you.
They did say that in 80's. Are you referring to the S&L crisis. But, also: National debt didn't outpace gross domestic product until 1998. I attached a chart. A little outdated but you can see how much faster debt was outpacing % of GDP.
no it isnt.
that is your opinion, not a fact.
laws of Math? if I spend more than I make then I wont run out of money and wont be broke. Got it!!! Are you an academic?
Guessing you are a lib? BLF constantly talks down on people when debating yet now that someone is making your precious libby friend look ignorant you jump to his defense. Typical action, if BLF was a barner I bet Lonestar would be banned already.
No, but they frequently do and as long as the attacker is a friend of the mods nothing is done.
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