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US debt

Get a life
 
That's right bitch

But I dont turn the board into a non stop stream of threads to express Anti American views

Get a fucking life you annoying little piss ant
 
JerseyArt said:
That's right bitch

But I dont turn the board into a non stop stream of threads to express Anti American views

Get a fucking life you annoying little piss ant
Click to expand...

You care to explain 90% of your posts for the past 6 months? You trying to tell me you haven't been on here all fucking day, every day expressing your opinion about American politics?

No thread I have ever posted or commented on is Anti-American. Anti-American government maybe. You're the only American I can't fucking stand you self righteous piece of shit.

Your juvenile attempts at telling me to get a life when you spend hours every day trying to validate your anemic existence on here would be humerous if it weren't so wretchedly pathetic.

Now take your fat, pansy ass off my thread and go back to gratifying yourself with a Cheerio asshole.
 
bluepeter said:
Now take your fat, pansy ass off my thread and go back to gratifying yourself with a Cheerio asshole.
Click to expand...

OMG :lmao: :lmao: :lmao:

you gonna take that artsy? huh? huh? c'mon light bluesy up like a firecracker.
 
bluepeter said:
You care to explain 90% of your posts for the past 6 months? You trying to tell me you haven't been on here all fucking day, every day expressing your opinion about American politics?

No thread I have ever posted or commented on is Anti-American. Anti-American government maybe. You're the only American I can't fucking stand you self righteous piece of shit.

Your juvenile attempts at telling me to get a life when you spend hours every day trying to validate your anemic existence on here would be humerous if it weren't so wretchedly pathetic.

Now take your fat, pansy ass off my thread and go back to gratifying yourself with a Cheerio asshole.
Click to expand...
wow, id call that pwnage
 
Ouch :rolleyes:

My existence is pathetic, yet you spend all day posting thread after thread, post after post, spouting your anti American agenda. Just another clown from a parasite nation, feeding and surviving off the efforts of others, complaining of how the work is getting done without ever lifting a finger themselves.


If at least you understood something about the topics you broach, some kind of intelligent discourse could occur. But you read and post almost without exception from fringe discredited sources. You have nothing of value to add to any serious discussion.

In the interim jackass, many posters here have friends, husbands, wives, children etc fighting overseas.

So an ignorant bitch like yourself, coming here comparing those people to terrorists and murderers is more than just an annoynace, but a slap in the face to everyone worried about the safety of their loved ones, and proud of their service to their country.

Find somewhere else for you and your idiot friends to carry on your liberal circle jerk
 
JerseyArt said:
Ouch :rolleyes:

My existence is pathetic, yet you spend all day posting thread after thread, post after post, spouting your anti American agenda. Just another clown from a parasite nation, feeding and surviving off the efforts of others, complaining of how the work is getting done without ever lifting a finger themselves.
Click to expand...

How many posts do I have per day? OK, how many do you have?

Yeah, Canada is a parasite nation and I feed off the efforts of others. Do you have some real ammunition here or does rational thought escape you because the smog in Jersey has burned through the few brain cells you initially had?


JerseyArt said:
If at least you understood something about the topics you broach, some kind of intelligent discourse could occur. But you read and post almost without exception from fringe discredited sources. You have nothing of value to add to any serious discussion.
Click to expand...

Too bad this sounds exactly like what many people say about you. Otherwise, I might have been offended.

I rarely actually post links and when I do, they are overwhelmingly from CNN. Oh wait, that's right, you're a right wing punk that thinks every news source other than FOX is biased.

JerseyArt said:
In the interim jackass, many posters here have friends, husbands, wives, children etc fighting overseas.
Click to expand...

All power to them and a safe return for all of them. I have never once criticized American troops and generally have stayed away from any of the numerous threads criticizing their actions. They're doing their job. It's the people that sent them there and fucking pricks like you that think invading other countries is OK that I have a problem with.

JerseyArt said:
So an ignorant bitch like yourself, coming here comparing those people to terrorists and murderers is more than just an annoynace, but a slap in the face to everyone worried about the safety of their loved ones, and proud of their service to their country.
Click to expand...

See above you fucking ignorant bitch. You want to make a bullshit accusation like that, I DARE YOU to find one post on here with me saying that an American soldier behaved like a terrorist.

JerseyArt said:
Find somewhere else for you and your idiot friends to carry on your liberal circle jerk
Click to expand...

Oh, I have plenty of places as I don't post on here over 30 times a day. However, the major difference is that my Liberal friends don't complain that sucking MY cock is like flossing their teeth.
 
deteras1 said:
Why are you so concerned with the US..............don't you live in Canada?

Maybe you should be concerned with your own problems.
Click to expand...

I am and am very active in Canadian politics. I also happen to have US citizenship and family that live south of the border. On top of that, US policy obviously greatly affects Canada. So yeah, I'm concerned with US policies.
 
bluepeter said:
http://www.cnn.com/2004/ALLPOLITICS/11/19/congress.spending.debt.ap/index.html

Looks like Osama's plan is working...........
Click to expand...

i wish you would at least take eco 101
the US govt is near default??? ohh boy looks like whoever wrote that article has never heard of the Federal Reserve???? if you didnt know they have the ability to print money to meet ALL of the gov'ts olbigations..which is the reason why the US can never default on its bonds..also the reason why there are huge US govt bond holders who are outside of the US..

Osama's plan is terror to inhibit economic activity..i really dont think he is clever enough to ruin us through higher deficits!!!! :rolleyes:
 
wnt2bBeast said:
i wish you would at least take eco 101
the US govt is near default??? ohh boy looks like whoever wrote that article has never heard of the Federal Reserve???? if you didnt know they have the ability to print money to meet ALL of the gov'ts olbigations..which is the reason why the US can never default on its bonds..also the reason why there are huge US govt bond holders who are outside of the US..

Osama's plan is terror to inhibit economic activity..i really dont think he is clever enough to ruin us through higher deficits!!!! :rolleyes:
Click to expand...

lmao, I have actually. It was a semi-facetious post designed to get a reaction from the right wing knee jerk crew and surprise surprise.

At the same time, I don't think you can honestly say this is good news?
 
bluepeter said:
lmao, I have actually. It was a semi-facetious post designed to get a reaction from the right wing knee jerk crew and surprise surprise.

At the same time, I don't think you can honestly say this is good news?
Click to expand...

so you find humour in using UBL's name?
your entitled to your opnions but remeber there are people on this board who were lucky to get through 9-11 and who hve lost freinds and family that day..i dont have a problem with varying opinions..but until that damn tower in toronto gets taken down shu the fuck up
 
The Wenis said:
has anyone clicked on the link or is the thread itself where all the excitement is?
Click to expand...

With the government facing imminent default because it has depleted its authority to borrow money, the debt limit bill would pump up the federal borrowing cap to $8.18 trillion. That is 70 percent the size of the entire U.S. economy, and more than $2.4 trillion higher than the debt Bush inherited upon taking office in 2001.


If that doesn't bother you Americans then I am afraid for you.
 
The Bigdawg said:
With the government facing imminent default because it has depleted its authority to borrow money, the debt limit bill would pump up the federal borrowing cap to $8.18 trillion. That is 70 percent the size of the entire U.S. economy, and more than $2.4 trillion higher than the debt Bush inherited upon taking office in 2001.


If that doesn't bother you Americans then I am afraid for you.
Click to expand...

why are deficits bad?
 
wnt2bBeast said:
why are deficits bad?
Click to expand...

You ever run your credit card to it's max, without the means to pay it off? Same thing, only in this case someone else is running your credit card up but you still have to pay it off. Get it?
 
Forge said:
You ever run your credit card to it's max, without the means to pay it off? Same thing, only in this case someone else is running your credit card up but you still have to pay it off. Get it?
Click to expand...

poor example...youre missing the point..while my pockets are only so deep..the US govts are endless..while i can go into default and bankruptcy the US govt cant..the foreign ownership of US debt is so great that they cannot allow us to fail (impossible anyway)..it would be a domino effect
 
The Bigdawg said:
With the government facing imminent default because it has depleted its authority to borrow money, the debt limit bill would pump up the federal borrowing cap to $8.18 trillion. That is 70 percent the size of the entire U.S. economy, and more than $2.4 trillion higher than the debt Bush inherited upon taking office in 2001.


If that doesn't bother you Americans then I am afraid for you.
Click to expand...


Bor, no offense, but that isnt even close to accurate.

Measured as a percentage of the GNP (which is the standard gage) US debt is lower than in the 80's. Its hardly an imminent crisis.

More importantly, over half of the current accounts deficit is directly attributable to the recession, exacerbated incredibly by 9/11. The current growth trends would cut the total in half within the next 4-5 years even absent fiscal discipline on the part of the Congress.
 
wnt2bBeast said:
poor example...youre missing the point..while my pockets are only so deep..the US govts are endless..while i can go into default and bankruptcy the US govt cant..the foreign ownership of US debt is so great that they cannot allow us to fail (impossible anyway)..it would be a domino effect
Click to expand...


Yes, it would be a domino effect. Tell me, what happens as a result of the US simply printing off more money every time it needs it? What are the consequences of actions such as those, in the long term?
 
Forge said:
Yes, it would be a domino effect. Tell me, what happens as a result of the US simply printing off more money every time it needs it? What are the consequences of actions such as those, in the long term?
Click to expand...

i know the answer do you? it wouldnt do such a thing unless in dramtic times i.e asian currency crisis, 9-11 are two more recent examples..long erm consequences will take a back seat to crashing markets, bank runs, and illiquidity
 
Forge said:
Yes, it would be a domino effect. Tell me, what happens as a result of the US simply printing off more money every time it needs it? What are the consequences of actions such as those, in the long term?
Click to expand...

I think it's called hyperinflation

just kidding
 
JerseyArt said:
Bor, no offense, but that isnt even close to accurate.

Measured as a percentage of the GNP (which is the standard gage) US debt is lower than in the 80's. Its hardly an imminent crisis.

More importantly, over half of the current accounts deficit is directly attributable to the recession, exacerbated incredibly by 9/11. The current growth trends would cut the total in half within the next 4-5 years even absent fiscal discipline on the part of the Congress.
Click to expand...

Dude you gotta take the blinders off, even as a person more conservative then liberal I shudder at fact that Bush as increased your deficit more then any other Pres in history and did it on the backs of the 9/11 victims.
 
wnt2bBeast said:
so you find humour in using UBL's name?
your entitled to your opnions but remeber there are people on this board who were lucky to get through 9-11 and who hve lost freinds and family that day..i dont have a problem with varying opinions..but until that damn tower in toronto gets taken down shu the fuck up
Click to expand...

Whoa bro, easy. I had a relative die at the Towers myself. I find it disgusting that this man is still out there planning attacks due to this administrations interest in attacking Iraq. Hence my disdain for US government.
 
Forge said:
Yes, it would be a domino effect. Tell me, what happens as a result of the US simply printing off more money every time it needs it? What are the consequences of actions such as those, in the long term?
Click to expand...

Double digit inflation back in effect :)

edit: sorry, should have kept reading first. Didn't realize that had already been answered.
 
wnt2bBeast said:
if you didnt know they have the ability to print money to meet ALL of the gov'ts olbigations..which is the reason why the US can never default on its bonds
Click to expand...
Umm, ask the Germans if it is a good idea to just print more money to get out of debt. We can end up like they did, where it takes a WHEELBARROW full of money to buy a loaf of bread.
 
bluepeter said:
Whoa bro, easy. I had a relative die at the Towers myself. I find it disgusting that this man is still out there planning attacks due to this administrations interest in attacking Iraq. Hence my disdain for US government.
Click to expand...
fair enough
You must spread some Karma around before giving it to bluepeter again.
 
jestros said:
Umm, ask the Germans if it is a good idea to just print more money to get out of debt. We can end up like they did, where it takes a WHEELBARROW full of money to buy a loaf of bread.
Click to expand...

you gotta admit though, it would be fun to truck around with a wheelbarrow full of money. at least for a couple days.
 
jestros said:
Umm, ask the Germans if it is a good idea to just print more money to get out of debt. We can end up like they did, where it takes a WHEELBARROW full of money to buy a loaf of bread.
Click to expand...

LOL..not possible the german's did not have an etablished bond market nor did they conduct "open market operations"... without being to technical the fed adjust money supply nearly every day..
 
wnt2bBeast said:
LOL..not possible the german's did not have an etablished bond market nor did they conduct "open market operations"... without being to technical the fed adjust money supply nearly every day..
Click to expand...
Sure they adjust the money supply every day. But they cannot just print more money to get out of debt.
Otherwise we would have already done so.
Jesus, think about it McFly!
 
JerseyArt said:
The current growth trends would cut the total in half within the next 4-5 years even absent fiscal discipline on the part of the Congress.
Click to expand...


OK, this needs to be qualified. Are you saying that you believe our nation's deficit will be cut in half over the next 4 years?
 
JerseyArt said:
That's right bitch

But I dont turn the board into a non stop stream of threads to express Anti American views

Get a fucking life you annoying little piss ant
Click to expand...

No shit. What a whiny bitch.

Good post.
 
jestros said:
Sure they adjust the money supply every day. But they cannot just print more money to get out of debt.
Otherwise we would have already done so.
Jesus, think about it McFly!
Click to expand...

no no no they wouldnt print money just to get out of debt..
debt is not all that bad!!!! we need debt to attract foreing investment..without foreign investment our economy would not be able to grwo/sustain itself
 
Forge said:
OK, this needs to be qualified. Are you saying that you believe our nation's deficit will be cut in half over the next 4 years?
Click to expand...

I think he meant relative to GDP, but that is also confusing. no way that could ever double in 4 years. I really don't think he meant the actualy deficit will be cut in half under bush lolol
 
Forge said:
OK, this needs to be qualified. Are you saying that you believe our nation's deficit will be cut in half over the next 4 years?
Click to expand...


Bor, its not me saying it, they are the consensus opinion of most economists.

That is to say, growth will replace that revenue. Whether it actually happens is dependent on new spending by the Congress. But all things being equal, yes that is what would happen.

Which is why Kerry's claims of deficit cutting were so amusing. They were essentially based on the already generally projected revenue estimates which are calculated absent any consideration of who would be in office.
 
bran987 said:
oops
http://news.yahoo.com/news?tmpl=story&u=/nm/20041119/bs_nm/economy_greenspan_dc
Click to expand...
"Current account deficits, even large ones, have been defused without significant consequences, (but) we cannot become complacent," Greenspan warned

hes talking about a different deficit..theres the current account deficit
and theres the budget deficit..2 different things..
obviously if we had no deficits that would be ideal but looka t the quote even Greenie agrees with me about CA deficits :)
 
wnt2bBeast said:
"Current account deficits, even large ones, have been defused without significant consequences, (but) we cannot become complacent," Greenspan warned

hes talking about a different deficit..theres the current account deficit
and theres the budget deficit..2 different things..
obviously if we had no deficits that would be ideal but looka t the quote even Greenie agrees with me about CA deficits :)
Click to expand...

ok :) I hope you are right.
 
wnt2bBeast said:
i wish you would at least take eco 101
the US govt is near default??? ohh boy looks like whoever wrote that article has never heard of the Federal Reserve???? if you didnt know they have the ability to print money to meet ALL of the gov'ts olbigations..which is the reason why the US can never default on its bonds..also the reason why there are huge US govt bond holders who are outside of the US..

Osama's plan is terror to inhibit economic activity..i really dont think he is clever enough to ruin us through higher deficits!!!! :rolleyes:
Click to expand...
Seriously. Don't ever post again concerning economic issues. This is without a doubt one of the most idiotic statements ever made on this board in regards to finance and global economics.
 
wnt2bBeast said:
poor example...youre missing the point..while my pockets are only so deep..the US govts are endless..while i can go into default and bankruptcy the US govt cant..the foreign ownership of US debt is so great that they cannot allow us to fail (impossible anyway)..it would be a domino effect
Click to expand...
again....Never, EVER! EVER! Make another post about money. Really.
 
WODIN said:
Seriously. Don't ever post again concerning economic issues. This is without a doubt one of the most idiotic statements ever made on this board in regards to finance and global economics.
Click to expand...
you really wanna laugh id hate to tell you where i work lol
 
wnt2bBeast said:
why lol
Click to expand...
Because we can not just print our way out of debt.
Because we can not continue to run up huge levels of debt without suffering the consequences which you are not aware of.
Because we can ill afford a debt crisis which is on the verge of occuring
Because we can not be 100% dependent, economically on China and the Asian Rim which is where we are rapidly headed.

Because the Interest on the Debt takes money away from the budget for any useful measures.

If the Chinese and Japanese decide to dump bonds today.

You're bank account will be worth nothing tomorrow.

Get it?
 
WODIN said:
Because we can not just print our way out of debt.
Because we can not continue to run up huge levels of debt without suffering the consequences which you are not aware of.
Because we can ill afford a debt crisis which is on the verge of occuring
Because we can not be 100% dependent, economically on China and the Asian Rim which is where we are rapidly headed.

Because the Interest on the Debt takes money away from the budget for any useful measures.

If the Chinese and Japanese decide to dump bonds today.

You're bank account will be worth nothing tomorrow.

Get it?
Click to expand...

thats so not true..
LOL
 
can we please go back to making this a smack down thread, hammy scored it
bluepeter 10-8 in the first round since not only did he win the round but knocked him down, so um ding ding round 2 please
 
wnt2bBeast said:
prolly cuz im long euros

my economic advice may be bad but ive been trading for 7 years and im still alive :)
Click to expand...
LOL... I'm long on Euros too because the US economy is going down the toilet. I'm also big on Gold at least for the next 3 years too.

Thats beside the point that what might be great in term of a currency market is not necessarly great for an economy.

We bring in 2billion a day in foreign currency which is gaining in value in relationship to the dollar. That will only drive up the price of the exact same amount of goods and services.

This is bad. Why? Inflation. Which if China were to go after lets say start buying bulgarian bonds which are paying about 10% over ours would just cause a real shit storm. The only reason the chinese are buy our bonds is because the trade leverage we have. If they find a way to diffuse that leverage and are they are becoming more succesful in that area by attracting business from Europe and Australia then we are in for a long term world of hurt.
 
In case people haven't noticed -- we have a WAR going on.

Of course our debt is gonna rise. Who's gonna pay for those $350,000 missiles and $500 million haliburton contracts for expensive spoons?

Debt is fine. If it's money just being recirculated BACK into the country. It's debt that's incurred to other nations, which makes the country weaker cuz the dollar goes out -- but never goes back in. Which means LESS for EVERYONE in the long run.

The Japanese figured out this formula eons ago. Same with the smarty Hong Kong businessmen and the Saudi's.
 
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