US budget deficit

[magman1]

At a record level. The US can borrow so ridiculously cheap right now, 30 year paper below 3%.

Well what the F happens when those rates go up to normalized levels? Are we going to continue to borrow at twice the cost? Only reason US rates are so low is bc what a fuck show Europe is. No other safe place to park money. US credit rating is downgraded but yield goes down?
Just look to Spainor Greece to see what happens when a country's rate to borrow spikes, which can happen seemingly overnight.

The gravy train doesn't go on forever

 

[smurf2]

Who gives a fuck? Shut up

 

[magman1]

Maybe if I was an ignorant fuck I wouldn't care. But it's people like me who will be taxed higher to support the entitlement society (likely you) to make up for this. So yeah, I give a fuck

 

[psizzle_8]

Maybe if I was an ignorant fuck I wouldn't care. But it's people like me who will be taxed higher to support the entitlement society (likely you) to make up for this. So yeah, I give a fuck

Oh man. Where have YOU been all my life?

 

[-SD-]

Maybe if I was an ignorant fuck I wouldn't care. But it's people like me who will be taxed higher to support the entitlement society (likely you) to make up for this. So yeah, I give a fuck

Shes married to a doctor so I dont think so

 

[javaguru]

 

[javaguru]

 

[UA_Iron]

JAva...


-Flat tax for citizens, possibly corporations too. All persons punished equally. Dont like it? Get motivated and work harder... Why work harder if you get everything handed to you?
-Limit deductions of dependents to a max of 2 or 3. Maybe slight exceptions to single parents...
-Flat tax will help eliminate some need for the IRS and help trim the fat of the inefficient government (will never EVER happen). [15% of the US population is employed by the Gov't. If you think roughly half of that will also be pro-gov't (spouses etc) then you can extrapolate nearly 22% of the voting population will vote pro-gov't...]
-Cut defense spending. Thats right, its ridiculous how much of the budget goes to military spending. Go back to threatening to nuke everyone (maybe make an example of some middle eastern country), its cheaper than all this other bullshit.
-Once you get rid of a bunch of military jobs employ them domestically to rebuild infrastructure.
-Stop giving Germany and France money, cut other countries off welfare (Germany and France handouts are probably a strategic move to buy their influence).
-end the war on drugs.
...

 

[brownbrown]

At a record level. The US can borrow so ridiculously cheap right now, 30 year paper below 3%.

Well what the F happens when those rates go up to normalized levels? Are we going to continue to borrow at twice the cost? Only reason US rates are so low is bc what a fuck show Europe is. No other safe place to park money. US credit rating is downgraded but yield goes down?
Just look to Spainor Greece to see what happens when a country's rate to borrow spikes, which can happen seemingly overnight.

The gravy train doesn't go on forever

How about you ask how the American budget that was balanced, got sent into a spiral.
Or ask why Greece is such in bad shape. (They were convinced by the conservative party to let Goldman Sachs run their finances, yes.. the same one in our country lobbying the conservatives in our government).

Ask what was done that got America to a Balanced budget. and why it has only been done by 4 presidents.

Don't complain now about something that was never brought up before the Darky got in office.

 

[UA_Iron]

How about you ask how the American budget that was balanced, got sent into a spiral.
Or ask why Greece is such in bad shape. (They were convinced by the conservative party to let Goldman Sachs run their finances, yes.. the same one in our country lobbying the conservatives in our government).

Ask what was done that got America to a Balanced budget. and why it has only been done by 4 presidents.

Don't complain now about something that was never brought up before the Darky got in office.

Maybe your first point plus the fact that the Greeks are lazy and unproductive?

Hey, what's iSteroids? Is that like a place I can buy legit roids? Seems kinda expensive...

 

[javaguru]

How about you ask how the American budget that was balanced, got sent into a spiral.
Or ask why Greece is such in bad shape. (They were convinced by the conservative party to let Goldman Sachs run their finances, yes.. the same one in our country lobbying the conservatives in our government).

Ask what was done that got America to a Balanced budget. and why it has only been done by 4 presidents.

Don't complain now about something that was never brought up before the Darky got in office.

The feds borrowed money under Clinton, there was no balanced budget; You really need to stop drinking the Koolaid. The US Treasury borrowed money every year under the Clinton admin; Look up the government data yourself.

 

[brownbrown]

Maybe your first point plus the fact that the Greeks are lazy and unproductive?

Hey, what's iSteroids? Is that like a place I can buy legit roids? Seems kinda expensive...

ISteroids.com is a Sponsor of EF.
Tons of info on "supplements"

To address your post.
No

I WILL not Call the greeks lazy and unproductive.
But i Can tell you that Greeks don't pay taxes... And how has that worked out for them>

 

[psizzle_8]

ISteroids.com is a Sponsor of EF.
Tons of info on "supplements"

To address your post.
No

I WILL not Call the greeks lazy and unproductive.
But i Can tell you that Greeks don't pay taxes... And how has that worked out for them>

Why is your karma so low? From the election bidding?

 

[UA_Iron]

ISteroids.com is a Sponsor of EF.
Tons of info on "supplements"

To address your post.
No

I WILL not Call the greeks lazy and unproductive.
But i Can tell you that Greeks don't pay taxes... And how has that worked out for them>

Maybe the tax situation was fine until they had the greater responsibility of the Euro?

Either way, Germany should bail out of the Euro. Don't let the other countries drag you down.

 

[brownbrown]

It wasn't the Euro.
Goldmann Sachs convinced the government to Lower corporate tax rates and unregulate their market.....

LOL, This is the template that is being pushed over here. How'd the plan work out for them.

 

[UA_Iron]

It wasn't the Euro.
Goldmann Sachs convinced the government to Lower corporate tax rates and unregulate their market.....

LOL, This is the template that is being pushed over here. How'd the plan work out for them.

European models of Government policies are tough to the apply to the US because of all the other variables that exist that would negate the same outcome.

Yes, the US should lower corporate tax rates if it wants to return certain types of jobs back to the US. Second highest in the world after Japan, who has or will be cutting corporate taxes. And yes, I know that tax breaks/incentives make effective tax rates for many US corporations in the 29% range... but not for many others.

 

[brownbrown]

Finance is Finance bro.

Letting the people that want to filter out and pocket money needed to run a government will come out to the same result.

 

[javaguru]

This is the point of the thread.

 

[brownbrown]

This is the point of the thread.

STFU... no one cares

 

[75th]

Suggesting that Greece and Spain are in their current situations simply because of "borrowing too much" shows a huge misunderstanding and ignorance of even the basics of the situation.

And for the love of Jebus stop calling the Greeks lazy. Not only did they have a longer work week than 95% of the EU nations, but their private sector employees are some of the most underpaid relative to their EU counterparts.

Greece is fucked due to 50 years of a tug-of-war match between the far right and far left leaders and the retarded measures each took to make up for the "evil" that the other guys did.

 

[smurf2]

Maybe if I was an ignorant fuck I wouldn't care. But it's people like me who will be taxed higher to support the entitlement society (likely you) to make up for this. So yeah, I give a fuck

Good. You can pay for my housing, food, cell phone, utilities, bus money and healthcare. No skin off my back.

Now tell me again why i should give a fuck?

 

[javaguru]

STFU... no one cares

You'll care when the the gubment check bounces.

 

[javaguru]

Good. You can pay for my housing, food, cell phone, utilities, bus money and healthcare. No skin off my back.

Now tell me again why i should give a fuck?

e-luv me some smurf....

 

[javaguru]

Suggesting that Greece and Spain are in their current situations simply because of "borrowing too much" shows a huge misunderstanding and ignorance of even the basics of the situation.

And for the love of Jebus stop calling the Greeks lazy. Not only did they have a longer work week than 95% of the EU nations, but their private sector employees are some of the most underpaid relative to their EU counterparts.

Greece is fucked due to 50 years of a tug-of-war match between the far right and far left leaders and the retarded measures each took to make up for the "evil" that the other guys did.

lol @ using government lies to bolster your position. The Greeks are in their situation because they had access to the German credit score via the Euro; The Greeks never qualified for entry into the EU, they cooked their books.

 

[javaguru]

STFU... no one cares

That's the problem.....

 

[brownbrown]

You'll care when the the gubment check bounces.

OIC... Should I be terrified and build a bunker in Montana with thousands of rounds?

 

[javaguru]

OIC... Should I be terrified and build a bunker in Montana with thousands of rounds?

Probably, collectivism is evil.

 

[75th]

lol @ using government lies to bolster your position. The Greeks are in their situation because they had access to the German credit score via the Euro; The Greeks never qualified for entry into the EU, they cooked their books.

lol @ showing ignorance by suggesting that Greece's troubles only began since entering the Euro.

Give it up, dude. Believe it or not, this situation has been brewing for more than a few decades.

 

[javaguru]

lol @ showing ignorance by suggesting that Greece's troubles only began since entering the Euro.

Give it up, dude. Believe it or not, this situation has been brewing for more than a few decades.

Don't put words in my mouth, the current crisis in Europe is based on consolidating economies into one fiat currency. The med countries haven't been viable for a long time before the euro zone.

 

[75th]

No, the current crisis in Europe is because countries like Spain cant manipulate/devalue their currency due to being part of the Euro. Thats the main reason why the UK has come out of this relatively unscathed.

 

[redsamurai]

The feds borrowed money under Clinton, there was no balanced budget; You really need to stop drinking the Koolaid. The US Treasury borrowed money every year under the Clinton admin; Look up the government data yourself.

if you gave Clinton 20 years you think he'd have made a more significant impact on the overall deficit? He basically had just a few years of real surplus's. Had we been following that model since the 80's we likely would not have had the massive deficit to begin with.

 

[redsamurai]

lol @ using government lies to bolster your position. The Greeks are in their situation because they had access to the German credit score via the Euro; The Greeks never qualified for entry into the EU, they cooked their books.

and who helped them do that? opcorn:

 

[redsamurai]

can we please stop oversimplifying these gut damn problems all around the world? i am so tired of people trying to pigeonhole everything that happens as either the result of A to the defecit of B or vice versa....it's just not like that, it's bordering mental retardation to try to characterize every problem around the world to fit your pre rendered pre conceived narrative that's been spoonfed to you. 75th is exactly right, the euro crisis is quite sometime in the making and i would say it's root source is currently well beyond 99.9999999% of the people on the planet. For certain no one here at elitefitness is qualified to give a serious analysis on the subject because we know nothing about the innerworkings over there.

 

[EnderJE]

can we please stop oversimplifying these gut damn problems all around the world? i am so tired of people trying to pigeonhole everything that happens as either the result of A to the defecit of B or vice versa....it's just not like that, it's bordering mental retardation to try to characterize every problem around the world to fit your pre rendered pre conceived narrative that's been spoonfed to you. 75th is exactly right, the euro crisis is quite sometime in the making and i would say it's root source is currently well beyond 99.9999999% of the people on the planet. For certain no one here at elitefitness is qualified to give a serious analysis on the subject because we know nothing about the innerworkings over there.

Is this a bad time for me to talk about quantum mechanics / string theory and how they are like a gstring on a coed?

 

[javaguru]

if you gave Clinton 20 years you think he'd have made a more significant impact on the overall deficit? He basically had just a few years of real surplus's. Had we been following that model since the 80's we likely would not have had the massive deficit to begin with.

Bill benefited from a demographic anomaly, baby boomers were reaching peak earning which means there was a payroll taxes spike as well as a dot com bubble; It's all smoke and mirrors. Had Bill had a third term he would have faced the Bush recession, 9/11 and probably would have invaded Iraq because he was always worried that he didn't have a proper war to secure his presentational legacy.

Since you mentioned Bill, you can't argue with the maths....

 

[javaguru]

Just sayin'

 

[ismaele00]

No, the current crisis in Europe is because countries like Spain cant manipulate/devalue their currency due to being part of the Euro. Thats the main reason why the UK has come out of this relatively unscathed.

Not 100% correct, but quite.
I mean, there are also some other factors but yep, that's one of our biggest problems.

It looks like we're going to start watching the end of this nightmare soon... finally.

 

[75th]

Not 100% correct, but quite.
I mean, there are also some other factors but yep, that's one of our biggest problems.

Yeah no one thing is going to be 100%...unlike some of the folks on here I dont see in black and white and something as simplistic as "OMG they have soooo much debt!!!@!!" isnt the reason.

But theres no denying that the ability to manipulate ones currency would go a long way towards solving this problem.

Still think the Euro is going to break up eventually.

 

[ismaele00]

Yeah no one thing is going to be 100%...unlike some of the folks on here I dont see in black and white and something as simplistic as "OMG they have soooo much debt!!!@!!" isnt the reason.

But theres no denying that the ability to manipulate ones currency would go a long way towards solving this problem.

Still think the Euro is going to break up eventually.

Hope it won't break up... but yes, it looks bad...

 

[javaguru]

No, the current crisis in Europe is because countries like Spain cant manipulate/devalue their currency due to being part of the Euro. Thats the main reason why the UK has come out of this relatively unscathed.

Tell me exactly how a welfare state inflates their way out of debt without massive social upheaval?

Weimar Germany tried...