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[INFOGRAPHIC] What Would Happen If The U.S. Went Bankrupt?
- Thread starter iNvid02
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Jamesfrom818
Banned
Might as well detonate a nuke underneath Yellowstone and trigger the eruption of the supervolcano.
What does the debt have to do with underemployment, poverty or gas prices?
Also, whoever made this does not understand the US public debt (or more likely, intentionally misleading).
Again, there is no real crisis.
It's manufactured hysteria to create a sense of urgency in order to dismantle our welfare programs.
The Bush tax cuts were designed to starve the beast, and they did.
Now everyone look surprised.
Also, whoever made this does not understand the US public debt (or more likely, intentionally misleading).
Again, there is no real crisis.
It's manufactured hysteria to create a sense of urgency in order to dismantle our welfare programs.
The Bush tax cuts were designed to starve the beast, and they did.
Now everyone look surprised.
How does the US go bankrupt if its money is denominated in US currency, which it can print?
Oh, I see they just point out the inflation this would cause.
Anyways, most of these numbers seem scary but are unclear. Like 55% have experienced unemployment. So?
While the numbers are large, if you look at things in relative terms things were many times worse during the depression. Our debt load versus GDP isn't historically high either
Oh, I see they just point out the inflation this would cause.
Anyways, most of these numbers seem scary but are unclear. Like 55% have experienced unemployment. So?
While the numbers are large, if you look at things in relative terms things were many times worse during the depression. Our debt load versus GDP isn't historically high either
Always-honest
Banned
Get your shit together U.S.A......
We're depending on you.
We're depending on you.
MiniBossBattle
Member
Weird, my rich friends have made even more money since 2007.
Bulbo Urethral Baggins
Banned
Yep. Just spend more. Crisis averted.Chichikov said:
Alpha-Bromega
Member
Chichikov said:
still doesn't make the very real possibility of the international community no longer funding the dollar any less scary.
SnakeswithLasers
Member
The only graph necessary:
GillianSeed79
Member
Look at the bright side. It could be kind of fun being a hobo. Riding the rails with one-eyed Pete and his three-legged dog Rusty. Living in hobo camps, eating beans by the fire, drinking cheap wine and The Postman officially becoming a religious text as we all await the second coming of Costner.
Lets here it for the Depression 2.0.
Lets here it for the Depression 2.0.
People still think the US will default, the other countries will never let that happen. It is also a recession and job growth is always slow coming off a recession, their is nothing new here.
By percent GDP, the US is still in good shape compared to most other countries which what is the driving factor.
By percent GDP, the US is still in good shape compared to most other countries which what is the driving factor.
Always-honest
Banned
so, no more war and better healthcare system.
cause health is the nr. one cost post.
cause health is the nr. one cost post.
Alpha-Bromega
Member
Chichikov said:
I'm not talking about simply holding, i'm talking about it's use as hard currency. We've been able to go way over our budget since Breton Woods because the world will accept our currency no matter what, but what if they finally stop? they say "hey dudes, this shit is worthless and no printing more of it won't make that any better. good luck!"
Alpha-Bromega
Member
Chichikov said:
I haven't. What's the implications of their current rate? Can't say I'm knowledgeable on the subject, just a pedestrian understanding.
Jokey comment:
I like how the "food" panel has the visual representations of pizza and burgers. How very American.
Serious/doomy comments:
No easy way out on this one, fellas. No matter whom we elect from here on out, we're in for some "interesting" times. Best start thinking more about how you live, where you live, etc.
I like how the "food" panel has the visual representations of pizza and burgers. How very American.
Serious/doomy comments:
No easy way out on this one, fellas. No matter whom we elect from here on out, we're in for some "interesting" times. Best start thinking more about how you live, where you live, etc.
Angelus Errare
Banned
If I had money to spend to help the economy I would, but unfortunately, I and 68m others are using that money to pay Sallie Mae.
HINT HINT!
HINT HINT!
akachan ningen
Member
reilo said:
he's probably sourcing those because they aggregate lots of stats there. they are probably nutty sites but that doesn't mean this stuff isn't real. This is the same stuff that Ron Paul says every time he's on TV.
andthebeatgoeson
Junior Member
Misleading. Hobo Pete has a friend named Hobo Jim who likes man-rape. Hobo camp doesn't sound like fun, more like a pain in the ass.GillianSeed79 said:
jamesinclair
Banned
reilo said:
the economic collapse blog sounds like a moderate, well balanced website. Right up there with the truth .com
Bulbo Urethral Baggins
Banned
C'mon. Do you really believe that the worry over the massive amount of accumulating debt is nothing but a scare tactic used to cut welfare programs? Have you seen the projected debt numbers In 10 years?jay said:
The interest payments alone will be hard to manage.
cartoon_soldier
Member
SnakeswithLasers said:The only graph necessary:
.
Bulbo Urethral Baggins
Banned
Letting Bush tax cuts expire may help things, but unless we have meaningful entitlement reform it wouldnt make much of a difference. I would hope that we can all agree that things can't continue on the current course.Chichikov said:
Ace Harding
Member
If you got your data/analysis from blogs, don't even bother sourcing it.
Thing is, you probably could come up with the same gloom and doom scenarios by doing some actual research into credible sources.
Also, America will be fine. Relax. Yeah, we need to fix some things. But we've been through worse.
Thing is, you probably could come up with the same gloom and doom scenarios by doing some actual research into credible sources.
Also, America will be fine. Relax. Yeah, we need to fix some things. But we've been through worse.
leroy hacker
Member
Celsior said:
But the house GOP might force it!
Proving once again that reality has a liberal bias.SnakeswithLasers said:
You know who get's hurt with inflation? the wealthiest 10% who hold 98.5% of securities owned by Americans. You know who benefits most from inflation? The middle class who hold 70% of their assets in debt. And you wonder why the conversation in DC has shifted from crating jobs to stopping inflation. Table 9, page 51 - http://www.levyinstitute.org/pubs/wp_589.pdf
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