That wouldn't help.reaver18 said:Were screwed...
Only option will be for all the countries we owe money to forgive the US debt to keep the global economy from collapsing.
Yep. Just spend more. Crisis averted.Chichikov said: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.
Chichikov said: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.
No, but let Bush tax cuts expire, and "crisis" averted.Bulbo Urethral Baggins said:Yep. Just spend more. Crisis averted.
Chichikov said:Again with the China thing?
Foreigners hold less than half of the US's debt.
Veidt said:Bush really fucked everyone over.
And I don't know how the deficit directly has an impact on the average joe. I'd like to learn though.
Have you look a t-bill yields lately?Alpha-Bromega said:still doesn't make the very real possibility of the international community no longer funding the dollar any less scary.
Chichikov said:Have you look a t-bill yields lately?
(and my post wasn't really directed at you).
What you expect them to be sky high?Chichikov said:Have you look a t-bill yields lately?
(and my post wasn't really directed at you).
(oversimplifying things here a bit)Alpha-Bromega 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.
Uh it not really that simple. Even with the bust tax cuts the u.S. brings in a lot of revenue. Letting the bush cuts expire won't bring in a ton of cash. We will still be operating in the red.Chichikov said:Again with the China thing?
Foreigners hold less than half of the US's debt.
No, but let Bush tax cuts expire, and "crisis" averted.
reilo said:Has anyone checked out the links that they use for a source for this infographic? Judging by the URLs alone, they sound like conspiracy websites.
Bulbo Urethral Baggins said:Yep. Just spend more. Crisis averted.
Par for the course. The rich often get richer in recessions, even without the government on their side.MiniBossBattle said:Weird, my rich friends have made even more money since 2007.
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: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.
reilo said:Has anyone checked out the links that they use for a source for this infographic? Judging by the URLs alone, they sound like conspiracy websites.
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:Just post witty retort. Question avoided.
please wait until my parents are back from their holiday over there :/Jamesfrom818 said:Might as well detonate a nuke underneath Yellowstone and trigger the eruption of the supervolcano.
SnakeswithLasers said:The only graph necessary:
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:Again with the China thing?
Foreigners hold less than half of the US's debt.
No, but let Bush tax cuts expire, and "crisis" averted.
Celsior said:People still think the US will default, the other countries will never let that happen.
Proving once again that reality has a liberal bias.SnakeswithLasers said:The only graph necessary:
http://www.delawareliberal.net/wp-content/uploads/2011/05/cbpp-debt-052011.jpg