Lurking DUmmies: this is 0bamacare, not the Columbia Record & Tape Club

[txradioguy]

What can I say?  I am sorry you feel that way.



-Laelth

Again...if you are to be believed...the way you claim to pay your bills and buy necessities is so out of synch with how most people run their finances as to not be believed.

[Laelth]

Most people go to jail when they continue to bounce checks after they've run the bank acount dry.

The United States isn't bouncing any checks ... not yet.  People around the world are willing to continue to lend us money because we work hard, we pay our taxes, and we pay our bills.  Not even a remote risk that the U.S. can't continue to borrow (unless we default on our debts on Oct. 17, and we'll see how that plays out).

Most people don't get to arbitraily raise their debt limit when they've used up all the credit the bank has given them.

Most people get their shiny toys repoessessed or have to sell them when they don't have the money to pay for them.

Most people would go to jail for mishandling money the way the government does.


The Government gets to do all of that and give most people a big middle finger as they do it.


So no...AGAIN you're tragically wrong.  Most people do NOT operate just like the Federal Government does.

Indeed, it's actually easier and carries far less risk for the United States to borrow money than it does for the average American.  So, why shouldn't we borrow?  After all, Vice President Cheney told us "deficits don't matter."  Why shouldn't we do what most Americans do (and what our government has done throughout most of its history, and that is to borrow now to get things that we will pay for later, over time)?



-Laelth

[Carl]

Um ... yes.  In fact, so do many Americans.  We buy houses and cars we can't afford on credit.  We borrow money we don't have (from a bank) and then pay the bank back through a mortgage or a car note.  This allows us to have things we can't afford to buy and then pay for those things over time based upon expected future income.

This is exactly what most people do, and it's also what our government does.  I see little difference.

-Laelth

Once again you prove yourself too stupid to breathe.
What the government does is pay off interest on borrowed money with more borrowed money.
I am so glad you dropped by...it puts on display just exactly the level of moron you DUmbasses truly are.

[txradioguy]

The United States isn't bouncing any checks ... not yet.  People around the world are willing to continue to lend us money because we work hard, we pay our taxes, and we pay our bills.  Not even a remote risk that the U.S. can't continue to borrow (unless we default on our debts on Oct. 17, and we'll see how that plays out).

No they don't bounce checks...they just PRINT MORE MONEY.

Most people go to jail for doing that.

Indeed, it's actually easier and carries far less risk for the United States to borrow money than it does for the average American.  So, why shouldn't we borrow?

Less risk?  Are you high?  There is far greater risk to the economy when our debt to income ratio is at the level it is now.  Our debt as a country is 81% of GDP.  That is not only dangerous it's reckless and irresponsible and in the long run NOT sustainable.

Yet her you come with your Paul Krugman Keynesian economics bullshit singing the virtues of borrowing beyond our means.

After all, Vice President Cheney told us "deficits don't matter."

Link?

Why shouldn't we do what most Americans do (and what our government has done throughout most of its history, and that is to borrow now to get things that we will pay for later, over time?

Most people save for what they want.  They adjust their income to be able to pay for what they want.  And in the even they do borrow money for a purchase they pay it back...on time...with interest or face escalating penalties for non payment.

Anything worth having is worth saving for.

[img width=37 height=15]http://www.democraticunderground.com/emoticons/shrug.gif[img]



Take your virus ridden DU graphics and shove them while you're at it.  You're linking us back to Du when you do that shit.

[Laelth]

Once again you prove yourself too stupid to breathe.
What the government does is pay off interest on borrowed money with more borrowed money.
I am so glad you dropped by...it puts on display just exactly the level of moron you DUmbasses truly are.

Yes, Carl.  It's nice to see you too.   


-Laelth

[Laelth]

No they don't bounce checks...they just PRINT MORE MONEY.

Most people go to jail for doing that.

Nobody is putting the United States in jail.  We are the greatest Empire in the history of the Earth, the most powerful nation to ever exist on this planet.  We can borrow what we want when we want it.  And, as you rightly note, we can print more money, and nobody can stop us (so long as the price of oil is tied to the U.S. dollar).  They're almost all dependent upon us.  I don't see the problem, here.

Less risk?  Are you high?  There is far greater risk to the economy when our debt to income ratio is at the level it is now.  Our debt as a country is 81% of GDP.  That is not only dangerous it's reckless and irresponsible and in the long run NOT sustainable.

Our debt to GDP ratio is at about the same level it was during WWII.  I am not terribly worried about this.  Some are.  I am not, and neither is Vice President Cheney.

Here's your link, and there are a lot more: http://www.realclearpolitics.com/2013/03/24/cheney_was_right_deficits_don039t_matter_304471.html

Most people save for what they want.  They adjust their income to be able to pay for what they want.  And in the even they do borrow money for a purchase they pay it back...on time...with interest or face escalating penalties for non payment.

Anything worth having is worth saving for.

You are kidding, right?  Most people I know borrow for a house and a car because they can't pay for those things when they need them.  I see no difference between that behavior and that of the federal government of the United States.  We borrow, and we have for most of our history.

Take your virus ridden DU graphics and shove them while you're at it.  You're linking us back to Du when you do that shit.

Sorry, the "shrug" icon is one of my favorites, but I didn't see it as an available option here.  If there is one here, I'll use it.

-Laelth

[Carl]

Nobody is putting the United States in jail.  We are the greatest Empire in the history of the Earth, the most powerful nation to ever exist on this planet.  We can borrow what we want when we want it.  And, as you rightly note, we can print more money, and nobody can stop us (so long as the price of oil is ties to the U.S. dollar).  They're almost all dependent upon us.  I don't see the problem, here.

Neither did Greece

You are kidding, right?  Most people I know borrow for a house and a car because they can't pay for those things when they need them.  I see no difference between that behavior and that of the federal government of the United States.  We borrow, and we have for most of our history.

They borrow what they can afford to pay back...if they don`t then they lose the asset.
Are you really that big a cretin to not see the difference or is it a stupid play obtuse game since you have no real argument?

[txradioguy]

Nobody is putting the United States in jail.  We are the greatest Empire in the history of the Earth, the most powerful nation to ever exist on this planet.

I never said anyone was putting the U.S. in jail you illiterate dolt.  I said "most people" would be put in jail for printing money like the U.S. does.

We can borrow what we want when we want it.

No we can't.  Not at the expense of our economy.  Not at the expense of the value of our currency.  

And, as you rightly note, we can print more money, and nobody can stop us (so long as the price of oil is ties to the U.S. dollar).  They're almost all dependent upon us.  I don't see the problem, here

Of couse you don't see a problem.  You're a tax and spend Keynesian economics Libtard whose answer to everything is borrow and print more consequences be dammed.

Our debt to GDP ratio is at about the same level it was during WWII.

We're not fighting a World War right now.  If we were then it would be ok.

Having that kind of debt ratios is dangerous and unless we put it in check RIGHT NOW it's soon to exceed our GDP.

I am not terribly worried about this.

Of course you're not...you're working in the La-la land of D.C. for a Libtard Congress critter.  

Some are.

A LOT of people are.  They are the people out ther struggling under increased taxes and regulations foisted on us by out of touch Libs like you...who neither pay nor feel any of the consequences for your actions.

Here's your link, and there are a lot more: http://www.realclearpolitics.com/2013/03/24/cheney_was_right_deficits_don039t_matter_304471.html

He was quoting Reagan TO Paul O'Neill the SecTreas you obtuse jackass.  Should have know a Lib couldn't get the meaning of something corect.

And the ENTIRE quote from Reagan was "deficits don't matter as long as the proceeds were used for tax cuts that were supposed to stimulate savings and investment."

You fail...again.

You are kidding, right?  Most people I know borrow for a house and a car because they can't pay for those things when they need them.  I see no difference between that behavior and that of the federal government of the United States.

 

Of course you don't hell you and your tax and spend Keynesian economics Libtard friends think piling on mounds of debt is just peachy keen.

 

We borrow, and we have for most of our history.

No WE haven't.  That is factually and historically a lie.

Sorry, the "shrug" icon is one of my favorites, but I didn't see it as an available option here.  If there is one here, I'll use it.

-Laelth

If you like it so much...

<------- DU is that way

[txradioguy]

Are you really that big a cretin to not see the difference

I'm gonna have to say yes on this one.

[BlueStateSaint]

I'm gonna have to say yes on this one.

H5 to the cretin!  Toujours Pret!

[txradioguy]

H5 to the cretin!  Toujours Pret!

With professional Libs like Laelth you have to be Always Ready!

[Dori]

Our dept to GDP was about 50% when Reagan left office.  It was 70% in 2008 and now in 2013 it's 117%. 

[BlueStateSaint]

With professional Libs like Laelth you have to be Always Ready!

And Always First!

[hillneck]

Most likely, if we did get a single-payer system, many of those folks would go to work for the government and would help run the new single-payer system.

I thought the Soviet Union dissolved.   

[Dori]

I thought the Soviet Union dissolved.   

It is a socialist/communist dream.  Several years ago, I had read where 26% of Britain's citizens worked for their health department, or whatever it's called over there. 

[jukin]

The premise of your argument is false. Nobody is lending us money since 2009. Since 2009 the federal reserve has increased its balance sheet by $6 trillion dollars. I doubt you know what that means. However, I am a very kind person and will educate you.

The federal reserve has bought 95% of the US debt that Obama has racked up. Not directly by any means. They electronically transfer numbers to banks that then buy the treasury bonds to shore up their balance sheets. This is called monetization. It makes us Zimbabwe where everybody is a billionaire and an apple costs ten billion. I refer you to post WWI Germany and how a wheelbarrow of marks couldn't buy a loaf of bread. Know what happens after you debauch your currency? WAR.

[wasp69]

Um ... yes.  In fact, so do many Americans.  We buy houses and cars we can't afford on credit.  We borrow money we don't have (from a bank) and then pay the bank back through a mortgage or a car note.  This allows us to have things we can't afford to buy and then pay for those things over time based upon expected future income.

This is exactly what most people do, and it's also what our government does.  I see little difference.

-Laelth

Tell me, do you think yourself clever?

[Freeper]

Once again you prove yourself too stupid to breathe.
What the government does is pay off interest on borrowed money with more borrowed money.
I am so glad you dropped by...it puts on display just exactly the level of moron you DUmbasses truly are.

It's like using your visa credit card to pay the interest on your MasterCard, then demanding that Visa raise your credit limit.

[Laelth]

The premise of your argument is false. Nobody is lending us money since 2009. Since 2009 the federal reserve has increased its balance sheet by $6 trillion dollars. I doubt you know what that means. However, I am a very kind person and will educate you.

The federal reserve has bought 95% of the US debt that Obama has racked up. Not directly by any means. They electronically transfer numbers to banks that then buy the treasury bonds to shore up their balance sheets. This is called monetization. It makes us Zimbabwe where everybody is a billionaire and an apple costs ten billion. I refer you to post WWI Germany and how a wheelbarrow of marks couldn't buy a loaf of bread. Know what happens after you debauch your currency? WAR.

I appreciate the effort you put into educating me.  While I do not agree that nobody has been lending us money, I do agree that (through QE1 and QE2) the government is loaning a lot of money to itself.

I agree that it's reckless to devalue our currency too quickly.  It's also reckless to default on our obligations.  That may happen very soon.

-Laelth

[txradioguy]

I appreciate the effort you put into educating me.  While I do not agree that nobody has been lending us money,

China will be surprised to learn this.

I do agree that (through QE1 and QE2) the government is loaning a lot of money to itself.

The Fed isn't loaning money...technically it's not even jsut printing more money...it's digitizing it.  Couple key strokes and *poof* accounts are filled again.

8 trillion borrowed on the global economy since 2008 to realize only 1 trillion in growth.

That's a shitty strategy no matter how you look at it.

That you have no problem with it just proves why you tax and spend Keynesian economics idiots should never be trusted with the fiscal policies of the U.S.

I agree that it's reckless to devalue our currency too quickly.

If we were practing sound economic policy there wouldn't be any need for any reason to devaule the currency.

It's also reckless to default on our obligations.  That may happen very soon.

-Laelth

On current obligations no we won't.  The country brings in $200 billion a month.  Enough comes into the treasury every month to cover social security checks military pay and interest payments on current debt.  Our bills will be paid unless Obama just refuses to do it.

Raising the debt ceiling is about future spending.  It's about your boss on Capitol  Hill wanting to continue to spend like a drunken sailor with other peoples money for infinity.

But you know this already.

The fact you think it's no big deal shows just how out of touch with reality you inside the beltway folks really are.

[Big Dog]

Raising the debt ceiling is about future spending.  It's about your boss on Capitol  Hill wanting to continue to spend like a drunken sailor with other peoples money for infinity.

But you know this already.

The fact you think it's no big deal shows just how out of touch with reality you inside the beltway folks really are.

Who do you work for, laelth?

[Laelth]

Tell me, do you think yourself clever?

I suppose so though I fail to see how my self-image is relevant.  I didn't come here to talk about myself.

-Laelth

[txradioguy]

I suppose so though I fail to see how my self-image is relevant.  I didn't come here to talk about myself.

-Laelth

No you came here to spew Liberal talking points and run from threads when hit with facts that counter your propaganda.