For my Economics Academis Experts
Comments
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Not any of the companies I've worked at. Even the pretend lawyers have a budget. My dood, I spend fucking HOURS on budget every quarter, and I answer for it. Trust me.2001400ex said:
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.Swaye said:
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.2001400ex said:
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.Swaye said:
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.2001400ex said:
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.UW_Doog_Bot said:
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.YellowSnow said:
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.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.
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.
Why is that concept hard to understand?
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. -
You’re a fucking idiot and don’t know shit about business. Large or small2001400ex said:
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.Swaye said:
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.2001400ex said:
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.Swaye said:
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.2001400ex said:
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.UW_Doog_Bot said:
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.YellowSnow said:
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.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.
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.
Why is that concept hard to understand?
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. -
Budget fiascos are more the realm of the government. I can't tell you how many times I saw money spent for bullshit because the fiscal year was closing and there was unspent money.
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I'm responsible for every penny from first look and bid to final completion
And I'm THANKFUL to do so -
He spooned a lot with another man as a young lawyer. Was common in those days though and not necessarily a sign of being homosexual.Pitchfork51 said:
Lincoln was a fag!!YellowSnow said:
Hamilton and Worshington were statist pieces of shit is something @MikeDamone might say.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.
https://en.wikipedia.org/wiki/Debt_Assumption -
J?YellowSnow said:
He spooned a lot with another man as a young lawyer. Was common in those days though and not necessarily a sign of being homosexual.Pitchfork51 said:
Lincoln was a fag!!YellowSnow said:
Hamilton and Worshington were statist pieces of shit is something @MikeDamone might say.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.
https://en.wikipedia.org/wiki/Debt_Assumption -
Fair response given my extremely snarky reply. I think you are discounting many of the knock on affects of flooding the world with dollars and the detrimental affects it would have on the American people. I also think you are overvaluing the economies with currency pegged to the dollar.UW_Doog_Bot said:
Hi there bootlicker, the US essentially did just that with QE over a period of years to the tune of $4.5 Trillion so....GDS said:
Lol you think we could increase the supply of USD by 40% and not “fuck the dollar up too badly...?” HahahaUW_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.
Yes, at this point in history the US could actually probably repay it's foreign held debt without severe consequences. There's a large basket of the world's currency that is pegged to the dollar and a shit ton more that are "soft" to the dollar. It would break some and weaken the dollar but that's not necessarily the worst thing that could happen. A strong dollar has positive and negative externalities. It's not like we've seen huge inflation numbers after that last round of QE either.
It's the only currency that the rest of the world needs a supply of to conduct business as well. An increase in the supply of USD and an injection of liquidity could actually be a good thing for many world markets which are currently facing recession.
Anyways, the point wasn't that we SHOULD do that but merely to illustrate that the US's debt is still very much manageable.
I'm still happy to discuss restructuring entitlements which are the #1 thing that is going to break the US budget.
QE was done at a time the fed was trying to avoid a deflationary spiral. We certainly are not facing the same risks at present and repaying the debt in the same manner would be like QE on roids with a side of cocaine and washed down by a keg of single malt.
Could we make inroads on the debt in this manner without doing damage...probably. But we continue to rack up more faster than we could pay it off... -
3+ Weeks and still no words from Tulsi about her Assad "Soft Spot" you Parrot POS @GDS.GDS said:
Lol you think we could increase the supply of USD by 40% and not “fuck the dollar up too badly...?” HahahaUW_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.
Tough being a rented mule? -
They were Statists but at least the kind that paid their debts.YellowSnow said:
Hamilton and Worshington were statist pieces of shit is something @MikeDamone might say.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.
https://en.wikipedia.org/wiki/Debt_Assumption -
I am a Federalist so I'm good with it. As a property owner with the franchise, I would have voted for Adams over Jefferson.UW_Doog_Bot said:
They were Statists but at least the kind that paid their debts.YellowSnow said:
Hamilton and Worshington were statist pieces of shit is something @MikeDamone might say.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.
https://en.wikipedia.org/wiki/Debt_Assumption
