For my Economics Academis Experts

2001400ex

Swaye said:

2001400ex said:

Swaye said:

2001400ex said:

UW_Doog_Bot said:

YellowSnow said:

UW_Doog_Bot said:

For reference.

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.

Small business is different than large corporations. Large corporations still do stupid shit that the government does like order a bunch of shit at the end of the year because your budget told you to.

Military is a different ball of wax when it comes to waste. The levels of waste there, mostly due to having to be ready for war at any time, is much greater than say the post office.

PurpleThrobber

RaceBannon said:

creepycoug said:

SFGbob said:

YellowSnow said:

UW_Doog_Bot said:

For reference.

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

Those were some shitty shit homes. And the dot Indian demanded north facing entrance which was some bullshit.

$900k for 1300 square feet of crap.

YellowSnow

creepycoug said:

YellowSnow said:

creepycoug said:

SFGbob said:

YellowSnow said:

UW_Doog_Bot said:

For reference.

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.

We're gearing up for it, Tio Creep. The dollars involved are scary.

No $79,000 diesel truck for this guy.

UW_Doog_Bot

2001400ex said:

UW_Doog_Bot said:

YellowSnow said:

UW_Doog_Bot said:

For reference.

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?

It's not hard to understand that it's funny math and lies.

UW_Doog_Bot

For the record there are three reasons why the US is the world reserve currency. The first two are obvious but you may not know the third.

1. Winning WW2 while most other countries were smoldering holes in the ground.
2. Largest economy and bastion of free market capitalism.
3. At the end of the revolutionary war France and Spain had loaned the US money at extortionist rates of return. George Washington convinced congress that even though these loans could be defaulted on it was in the best interest of the country long term to be a responsible debtor and paid the piper. It set a precedent of the US always paying it's debts. The US is essentially the only country to never default on it's debt. There's not really another major financial institution you can confidently say that about.

Doogles

@GDS
@UW_Doog_Bot
@RuffaloSoldier

YellowSnow

UW_Doog_Bot said:

For the record there are three reasons why the US is the world reserve currency. The first two are obvious but you may not know the third.

1. Winning WW2 while most other countries were smoldering holes in the ground.
2. Largest economy and bastion of free market capitalism.
3. At the end of the revolutionary war France and Spain had loaned the US money at extortionist rates of return. George Washington convinced congress that even though these loans could be defaulted on it was in the best interest of the country long term to be a responsible debtor and paid the piper. It set a precedent of the US always paying it's debts. The US is essentially the only country to never default on it's debt. There's not really another major financial institution you can confidently say that about.

Hamilton and Worshington were statist pieces of shit is something @MikeDamone might say.

https://en.wikipedia.org/wiki/Debt_Assumption

Pitchfork51

YellowSnow said:

UW_Doog_Bot said:

For the record there are three reasons why the US is the world reserve currency. The first two are obvious but you may not know the third.

1. Winning WW2 while most other countries were smoldering holes in the ground.
2. Largest economy and bastion of free market capitalism.
3. At the end of the revolutionary war France and Spain had loaned the US money at extortionist rates of return. George Washington convinced congress that even though these loans could be defaulted on it was in the best interest of the country long term to be a responsible debtor and paid the piper. It set a precedent of the US always paying it's debts. The US is essentially the only country to never default on it's debt. There's not really another major financial institution you can confidently say that about.

Hamilton and Worshington were statist pieces of shit is something @MikeDamone might say.

https://en.wikipedia.org/wiki/Debt_Assumption

Lincoln was a fag!!

RaceBannon

UW_Doog_Bot said:

For the record there are three reasons why the US is the world reserve currency. The first two are obvious but you may not know the third.

1. Winning WW2 while most other countries were smoldering holes in the ground.
2. Largest economy and bastion of free market capitalism.
3. At the end of the revolutionary war France and Spain had loaned the US money at extortionist rates of return. George Washington convinced congress that even though these loans could be defaulted on it was in the best interest of the country long term to be a responsible debtor and paid the piper. It set a precedent of the US always paying it's debts. The US is essentially the only country to never default on it's debt. There's not really another major financial institution you can confidently say that about.

What about the Lannisters?


Nerd

creepycoug

2001400ex said:

Swaye said:

2001400ex said:

UW_Doog_Bot said:

YellowSnow said:

UW_Doog_Bot said:

For reference.

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 even remotely within the same universe of the tune of government waste but it's still there.

FTFY.

Also, go through budget time at a publicly traded company and then re-tell this comparison.

Wall Street beats on companies for their SG&A every quarter.