For my Economics Academis Experts
Comments
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Portugal is at 126% but their food is goddamned delicious so I'm willing to give them a pass on the extra 6%.salemcoog said:UW_Doog_Bot said:105% of GDP? Still fairly reasonable.
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
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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. -
I hear that drastically increasing our entitlement spending actually saves us money.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. -
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.Swaye said:
Between low birth rates, weird cartoons and this data, it appears Japan is well and truly fucked.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.
Pearl Harbor has the last laff.
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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.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. -
It's what we like to do.salemcoog said:UW_Doog_Bot said:105% of GDP? Still fairly reasonable.
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 $$ is still the big swinging dick currency until it isn't. Hey, that's almost a Racebannon-ism. -
Don't overlook the US of A's protection of private property rights while we still have them. We? are a haven for money because it is safer here than say China. China periodically restricts the flow because that's what totalitarians do.creepycoug said:It's evident that @UW_Doog_Bot has taught me some economis, because w/o reading his last post it's what I was thinking when I read @GDS 's post: isn't that effectively what we've? been doing with essentially free money for about the last forever? It makes sense ... where else you gonna go?
I suppose if some other country (1) had our? productivity and (2) was able to have a robust economy w/o the free money stimulus, thus making their? currency really valuable, then we'd slip to second place.
Show me that country. Talk me into it. Until then, the $$ is still the big swinging dick currency until it isn't. Hey, that's almost a Racebannon-ism.
Lizzie and Bernie want and need to do the same to fund their wild schemes. Force will eventually be required. -
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.SFGbob said:
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?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. -
Man, I hate living on Aurora. It's the best I could do even with free money.creepycoug said:
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.SFGbob said:
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?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.
