For my Economics Academis Experts
Comments
-
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.RaceBannon said:
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. -
Also ties into foreign money. A shit ton of which is invested in USA real estate mainly high end.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.
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 -
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.YellowSnow said:
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. -
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? -
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? -
Yeah but what about car accidents?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?
-
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? -
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? -
we should just tell the banks to FOff and reset to zero and when the dust settles start over.
God I am glad I am old, not so much my kids they will be screwed... -
My kids are oldLebamDawg said:we should just tell the banks to FOff and reset to zero and when the dust settles start over.
God I am glad I am old, not so much my kids they will be screwed... -
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. -
Those were some shitty shit homes. And the dot Indian demanded north facing entrance which was some bullshit.RaceBannon said:
Also ties into foreign money. A shit ton of which is invested in USA real estate mainly high end.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.
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
$900k for 1300 square feet of crap. -
We're gearing up for it, Tio Creep. The dollars involved are scary.creepycoug said:
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.YellowSnow said:
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.
No $79,000 diesel truck for this guy. -
It's not hard to understand that it's funny math and lies.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? -
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.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 -
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 -
What about the Lannisters?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.
Nerd -
FTFY.2001400ex said:
Have you ever worked for or known someone who works for a large corporation? Seriously, there's a shit ton of waste. NotSwaye 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?toeven remotely within the same universe ofthe tune ofgovernment waste but it's still there.
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.
-
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.
-
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
