I'm still fine with restructuring entitlements if your that worried about it.
You can get to about 120% before it’s a real problem. We don’t want to do that but deficit spending is what we do. We are never gonna pay the , (trigger alert) Chinks back that money anyway
Portugal is at 126% but their food is goddamned delicious so I'm willing to give them a pass on the extra 6%.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question.
Bot, I agree, we're not in panic mode right now. But it's dangerous in my view to assume that the market will never force a correction of our fiscal situation in the coming years or decades. We're running a trillion a year in the red. If we were getting GDP growth of 5% a year and fixing our infrastructure I shut the fuck up. But we're not and it should be concerning.
Like I said, that's a question of WHAT we are spending our money on. The Pax Americana is a pretty good value but we should be asking(forcing) our allies to do more lifting. Federal R&D could be much, much higher imo and would still be in line with historical averages. As inefficient as it is government could spend money on infrastructure projects.
Anyways, all of that is chump change compared to entitlements, which add little to long term GDP growth, and I'm hearing from team Hondo we need to drastically increase by trillions even though they are already set to. Also, somehow this will make the debt better(but not smaller) bc reasons.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question.
Bot, I agree, we're not in panic mode right now. But it's dangerous in my view to assume that the market will never force a correction of our fiscal situation in the coming years or decades. We're running a trillion a year in the red. If we were getting GDP growth of 5% a year and fixing our infrastructure I shut the fuck up. But we're not and it should be concerning.
Like I said, that's a question of WHAT we are spending our money on. The Pax Americana is a pretty good value but we should be asking(forcing) our allies to do more lifting. Federal R&D could be much, much higher imo and would still be in line with historical averages. As inefficient as it is government could spend money on infrastructure projects.
Anyways, all of that is chump change compared to entitlements, which add little to long term GDP growth, and I'm hearing from team Hondo we need to drastically increase by trillions even though they are already set to. Also, somehow this will make the debt better(but not smaller) bc reasons.
I hear that drastically increasing our entitlement spending actually saves us money.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question.
Between low birth rates, weird cartoons and this data, it appears Japan is well and truly fucked.
Pearl Harbor has the last laff.
Long-term not sure its a good idea that the Bank of Japan is the single largest shareholder of a bunch of Japanese companies and a top 10% shareholder in something like 50% of all stocks traded on the Nikkei.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question.
This is the guy to whom I address my economis questions and observations and pretty much ignore everyone else on the board on the topic. I don't mean to hurt feelings, but it's what I like to do.
I'm still fine with restructuring entitlements if your that worried about it.
You can get to about 120% before it’s a real problem. We don’t want to do that but deficit spending is what we do. We are never gonna pay the , (trigger alert) Chinks back that money anyway
It's evident that @UW_Doog_Bot has taught me some economis, because w/o reading his last post it's what I was thinking when I read @GDS 's post: isn't that effectively what we've? been doing with essentially free money for about the last forever? It makes sense ... where else you gonna go?
I suppose if some other country (1) had our? productivity and (2) was able to have a robust economy w/o the free money stimulus, thus making their? currency really valuable, then we'd slip to second place.
Show me that country. Talk me into it. Until then, the $$ is still the big swinging dick currency until it isn't. Hey, that's almost a Racebannon-ism.
It's evident that @UW_Doog_Bot has taught me some economis, because w/o reading his last post it's what I was thinking when I read @GDS 's post: isn't that effectively what we've? been doing with essentially free money for about the last forever? It makes sense ... where else you gonna go?
I suppose if some other country (1) had our? productivity and (2) was able to have a robust economy w/o the free money stimulus, thus making their? currency really valuable, then we'd slip to second place.
Show me that country. Talk me into it. Until then, the $$ is still the big swinging dick currency until it isn't. Hey, that's almost a Racebannon-ism.
Don't overlook the US of A's protection of private property rights while we still have them. We? are a haven for money because it is safer here than say China. China periodically restricts the flow because that's what totalitarians do.
Lizzie and Bernie want and need to do the same to fund their wild schemes. Force will eventually be required.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question.
Bot, I agree, we're not in panic mode right now. But it's dangerous in my view to assume that the market will never force a correction of our fiscal situation in the coming years or decades. We're running a trillion a year in the red. If we were getting GDP growth of 5% a year and fixing our infrastructure I shut the fuck up. But we're not and it should be concerning.
Exactly, it's not as if we are engaging in deficit spending to up grade and repair our infrastructure. We're doing to pay for grandma's hip replacement and "free" healthcare. That's what's so troubling. At the end of the day what are we getting for all of this spending?
We're also doing it to prop up the housing market, which is a massive factor in our overall economy. We could argue whether that's good or bad, but the free money is in large measure to keep people buying, and thus people building, homes, and all that that implies for overall US economis.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question.
Bot, I agree, we're not in panic mode right now. But it's dangerous in my view to assume that the market will never force a correction of our fiscal situation in the coming years or decades. We're running a trillion a year in the red. If we were getting GDP growth of 5% a year and fixing our infrastructure I shut the fuck up. But we're not and it should be concerning.
Exactly, it's not as if we are engaging in deficit spending to up grade and repair our infrastructure. We're doing to pay for grandma's hip replacement and "free" healthcare. That's what's so troubling. At the end of the day what are we getting for all of this spending?
We're also doing it to prop up the housing market, which is a massive factor in our overall economy. We could argue whether that's good or bad, but the free money is in large measure to keep people buying, and thus people building, homes, and all that that implies for overall US economis.
Man, I hate living on Aurora. It's the best I could do even with free money.
It's evident that @UW_Doog_Bot has taught me some economis, because w/o reading his last post it's what I was thinking when I read @GDS 's post: isn't that effectively what we've? been doing with essentially free money for about the last forever? It makes sense ... where else you gonna go?
I suppose if some other country (1) had our? productivity and (2) was able to have a robust economy w/o the free money stimulus, thus making their? currency really valuable, then we'd slip to second place.
Show me that country. Talk me into it. Until then, the $$ is still the big swinging dick currency until it isn't. Hey, that's almost a Racebannon-ism.
Don't overlook the US of A's protection of private property rights while we still have them. We? are a haven for money because it is safer here than say China. China periodically restricts the flow because that's what totalitarians do.
Lizzie and Bernie want and need to do the same to fund their wild schemes. Force will eventually be required.
That is a YUGE factor, yes, agreed. That, and the rule of law. Sure, we're? not perfect, but the fact that even very wealthy people who can afford all the pretend lawyer's they want still have to answer makes us different and better than most. Our protections of capital markets, through enforcement of applicable regs and such, also matters a lot so that people don't coffee can their cash and invest with some measure of confidence that people can't wantonly walk off with their money w/o answering for it.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question.
Bot, I agree, we're not in panic mode right now. But it's dangerous in my view to assume that the market will never force a correction of our fiscal situation in the coming years or decades. We're running a trillion a year in the red. If we were getting GDP growth of 5% a year and fixing our infrastructure I shut the fuck up. But we're not and it should be concerning.
Exactly, it's not as if we are engaging in deficit spending to up grade and repair our infrastructure. We're doing to pay for grandma's hip replacement and "free" healthcare. That's what's so troubling. At the end of the day what are we getting for all of this spending?
We're also doing it to prop up the housing market, which is a massive factor in our overall economy. We could argue whether that's good or bad, but the free money is in large measure to keep people buying, and thus people building, homes, and all that that implies for overall US economis.
Also ties into foreign money. A shit ton of which is invested in USA real estate mainly high end.
I was watching House Hunters just last night in the Bay Area where shitty 3/2 ranches are close to a million dollars
Bubble gonna pop again.
Probably Team Hondo's best hope at this point
Have cash for the next crash and buy it on the courthouse steps at a steep discount
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question.
Bot, I agree, we're not in panic mode right now. But it's dangerous in my view to assume that the market will never force a correction of our fiscal situation in the coming years or decades. We're running a trillion a year in the red. If we were getting GDP growth of 5% a year and fixing our infrastructure I shut the fuck up. But we're not and it should be concerning.
Exactly, it's not as if we are engaging in deficit spending to up grade and repair our infrastructure. We're doing to pay for grandma's hip replacement and "free" healthcare. That's what's so troubling. At the end of the day what are we getting for all of this spending?
We're also doing it to prop up the housing market, which is a massive factor in our overall economy. We could argue whether that's good or bad, but the free money is in large measure to keep people buying, and thus people building, homes, and all that that implies for overall US economis.
Man, I hate living on Aurora. It's the best I could do even with free money.
My dood, the kid and her husband just bought in W. Seattle, and they're 27. @3.7%, get your ass out there and by up a step or two. The economy needs you (Race will talk to you about some flooring). You're being too conservative. Take an incremental measure of risk my honorable and level-headed boatsman.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question.
Bot, I agree, we're not in panic mode right now. But it's dangerous in my view to assume that the market will never force a correction of our fiscal situation in the coming years or decades. We're running a trillion a year in the red. If we were getting GDP growth of 5% a year and fixing our infrastructure I shut the fuck up. But we're not and it should be concerning.
Like I said, that's a question of WHAT we are spending our money on. The Pax Americana is a pretty good value but we should be asking(forcing) our allies to do more lifting. Federal R&D could be much, much higher imo and would still be in line with historical averages. As inefficient as it is government could spend money on infrastructure projects.
Anyways, all of that is chump change compared to entitlements, which add little to long term GDP growth, and I'm hearing from team Hondo we need to drastically increase by trillions even though they are already set to. Also, somehow this will make the debt better(but not smaller) bc reasons.
You obviously hear what you want to hear. But if done right (which I have my doubts), single payer will reduce costs throughout the system. If nothing else from getting the profit out of insurance companies. (Yes there's waste in government but there's also waste in large insurance companies. And yes I know their profit is largely capped). So the taxes for single payer should be less than our current out of pocket for medical care and insurance for the vast majority of people.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question.
Bot, I agree, we're not in panic mode right now. But it's dangerous in my view to assume that the market will never force a correction of our fiscal situation in the coming years or decades. We're running a trillion a year in the red. If we were getting GDP growth of 5% a year and fixing our infrastructure I shut the fuck up. But we're not and it should be concerning.
Like I said, that's a question of WHAT we are spending our money on. The Pax Americana is a pretty good value but we should be asking(forcing) our allies to do more lifting. Federal R&D could be much, much higher imo and would still be in line with historical averages. As inefficient as it is government could spend money on infrastructure projects.
Anyways, all of that is chump change compared to entitlements, which add little to long term GDP growth, and I'm hearing from team Hondo we need to drastically increase by trillions even though they are already set to. Also, somehow this will make the debt better(but not smaller) bc reasons.
You obviously hear what you want to hear. But if done right (which I have my doubts), single payer will reduce costs throughout the system. If nothing else from getting the profit out of insurance companies. (Yes there's waste in government but there's also waste in large insurance companies. And yes I know their profit is largely capped). So the taxes for single payer should be less than our current out of pocket for medical care and insurance for the vast majority of people.
Why is that concept hard to understand?
If you think waste in a publicly traded for profit company (that is still in business) is even within orders of magnitude of the the level of government waste with anything it touches then I think I finally have my answer for why you think the stuff you think. It's not a good look btw.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question.
Bot, I agree, we're not in panic mode right now. But it's dangerous in my view to assume that the market will never force a correction of our fiscal situation in the coming years or decades. We're running a trillion a year in the red. If we were getting GDP growth of 5% a year and fixing our infrastructure I shut the fuck up. But we're not and it should be concerning.
Like I said, that's a question of WHAT we are spending our money on. The Pax Americana is a pretty good value but we should be asking(forcing) our allies to do more lifting. Federal R&D could be much, much higher imo and would still be in line with historical averages. As inefficient as it is government could spend money on infrastructure projects.
Anyways, all of that is chump change compared to entitlements, which add little to long term GDP growth, and I'm hearing from team Hondo we need to drastically increase by trillions even though they are already set to. Also, somehow this will make the debt better(but not smaller) bc reasons.
You obviously hear what you want to hear. But if done right (which I have my doubts), single payer will reduce costs throughout the system. If nothing else from getting the profit out of insurance companies. (Yes there's waste in government but there's also waste in large insurance companies. And yes I know their profit is largely capped). So the taxes for single payer should be less than our current out of pocket for medical care and insurance for the vast majority of people.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question.
Bot, I agree, we're not in panic mode right now. But it's dangerous in my view to assume that the market will never force a correction of our fiscal situation in the coming years or decades. We're running a trillion a year in the red. If we were getting GDP growth of 5% a year and fixing our infrastructure I shut the fuck up. But we're not and it should be concerning.
Like I said, that's a question of WHAT we are spending our money on. The Pax Americana is a pretty good value but we should be asking(forcing) our allies to do more lifting. Federal R&D could be much, much higher imo and would still be in line with historical averages. As inefficient as it is government could spend money on infrastructure projects.
Anyways, all of that is chump change compared to entitlements, which add little to long term GDP growth, and I'm hearing from team Hondo we need to drastically increase by trillions even though they are already set to. Also, somehow this will make the debt better(but not smaller) bc reasons.
You obviously hear what you want to hear. But if done right (which I have my doubts), single payer will reduce costs throughout the system. If nothing else from getting the profit out of insurance companies. (Yes there's waste in government but there's also waste in large insurance companies. And yes I know their profit is largely capped). So the taxes for single payer should be less than our current out of pocket for medical care and insurance for the vast majority of people.
Why is that concept hard to understand?
If you think waste in a publicly traded for profit company (that is still in business) is even within orders of magnitude of the the level of government waste with anything it touches then I think I finally have my answer for why you think the stuff you think. It's not a good look btw.
Have you ever worked for or known someone who works for a large corporation? Seriously, there's a shit ton of waste. Not to the tune of government waste but it's still there.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question.
Bot, I agree, we're not in panic mode right now. But it's dangerous in my view to assume that the market will never force a correction of our fiscal situation in the coming years or decades. We're running a trillion a year in the red. If we were getting GDP growth of 5% a year and fixing our infrastructure I shut the fuck up. But we're not and it should be concerning.
Like I said, that's a question of WHAT we are spending our money on. The Pax Americana is a pretty good value but we should be asking(forcing) our allies to do more lifting. Federal R&D could be much, much higher imo and would still be in line with historical averages. As inefficient as it is government could spend money on infrastructure projects.
Anyways, all of that is chump change compared to entitlements, which add little to long term GDP growth, and I'm hearing from team Hondo we need to drastically increase by trillions even though they are already set to. Also, somehow this will make the debt better(but not smaller) bc reasons.
You obviously hear what you want to hear. But if done right (which I have my doubts), single payer will reduce costs throughout the system. If nothing else from getting the profit out of insurance companies. (Yes there's waste in government but there's also waste in large insurance companies. And yes I know their profit is largely capped). So the taxes for single payer should be less than our current out of pocket for medical care and insurance for the vast majority of people.
Why is that concept hard to understand?
If you think waste in a publicly traded for profit company (that is still in business) is even within orders of magnitude of the the level of government waste with anything it touches then I think I finally have my answer for why you think the stuff you think. It's not a good look btw.
Have you ever worked for or known someone who works for a large corporation? Seriously, there's a shit ton of waste. Not to the tune of government waste but it's still there.
Dude, I have worked for a mega corp. I was in the military 20 years. Mega corp is about 30 times less wasteful than the government. Sure, there is waste in everything. Nothing is 100% efficient. But if you are noticeably more inefficient than your competitors in the for profit world you are done. I would have figured you would have this basic shit wired as the burger king of Montana.
Comments
Anyways, all of that is chump change compared to entitlements, which add little to long term GDP growth, and I'm hearing from team Hondo we need to drastically increase by trillions even though they are already set to. Also, somehow this will make the debt better(but not smaller) bc reasons.
I suppose if some other country (1) had our? productivity and (2) was able to have a robust economy w/o the free money stimulus, thus making their? currency really valuable, then we'd slip to second place.
Show me that country. Talk me into it. Until then, the $$ is still the big swinging dick currency until it isn't. Hey, that's almost a Racebannon-ism.
Lizzie and Bernie want and need to do the same to fund their wild schemes. Force will eventually be required.
I was watching House Hunters just last night in the Bay Area where shitty 3/2 ranches are close to a million dollars
Bubble gonna pop again.
Probably Team Hondo's best hope at this point
Have cash for the next crash and buy it on the courthouse steps at a steep discount
Why is that concept hard to understand?
God I am glad I am old, not so much my kids they will be screwed...