Michele Bachman Running For President

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-- Michele Bachman Running For President
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Posted by Joss Weatherby on Aug-17-2011 04:44:

quote:
Originally posted by DOOMBOT
You can call me all the names you want. Still doesn't change the fact that governments around the world are racking up trillion dollar debts and running economies into the ground.

You realize it doesn't matter right? Any one with half a brain understands that this entire situation is unnatural. There is no force of nature saying it has to be this way, there is no finite resource that is running out, nothing like that. The whole thing is based on stupid humans doing stupid shit and some of them screwing others more than the rest.

Debt has NO value in reality. You can run up trillions and trillions and if everyone is doing it, it doesn't matter. You literally can not run out of money if its not backed by anything. Fuck economics, they treat this like its some immovable natural force, like a hurricane or an earthquake... All of this is through the creation of people, inventing ideas and processes.

Posted by EddieZilker on Aug-17-2011 04:45:

quote:
Originally posted by Joss Weatherby
You realize it doesn't matter right? Any one with half a brain understands that this entire situation is unnatural. There is no force of nature saying it has to be this way, there is no finite resource that is running out, nothing like that. The whole thing is based on stupid humans doing stupid shit and some of them screwing others more than the rest.

Debt has NO value in reality. You can run up trillions and trillions and if everyone is doing it, it doesn't matter. You literally can not run out of money if its not backed by anything. Fuck economics, they treat this like its some immovable natural force, like a hurricane or an earthquake... All of this is through the creation of people, inventing ideas and processes.

Nailed it, Nou! Nice.

Posted by pkcRAISTLIN on Aug-17-2011 04:48:

of course racking up heaps of debt is a problem, wtf are you smoking? it results in either massive cut backs to government services (if massive debts need to be paid off) or runaway inflation (if the government inflates its way out of debt).

Posted by DOOMBOT on Aug-17-2011 04:50:

Posted by Joss Weatherby on Aug-17-2011 04:51:

quote:
Originally posted by pkcRAISTLIN
of course racking up heaps of debt is a problem, wtf are you smoking? it results in either massive cut backs to government services (if massive debts need to be paid off) or runaway inflation (if the government inflates its way out of debt).

If everyone is doing it, then what does it matter? The problem is not the amount of debt, its one having more or less debt than everyone else and throwing the entire system off.

Posted by Joss Weatherby on Aug-17-2011 04:52:

quote:
Originally posted by DOOMBOT
Try telling this to people who live on fixed incomes on top of the fact that prices continue to rise and they are being taxed in addition to all of this.

Yea, you are a real bleeding heart liberal aren't you. Fuck off dicklick.

Posted by DOOMBOT on Aug-17-2011 04:53:

quote:
Originally posted by Joss Weatherby
Yea, you are a real bleeding heart liberal aren't you. Fuck off dicklick.

Again, calling me names doesn't change any of the facts that I have mentioned. Trillion dollar debts are screwing people hard. So yes, they do matter.

Posted by DOOMBOT on Aug-17-2011 04:54:

quote:
Originally posted by Joss Weatherby
If everyone is doing it, then what does it matter? The problem is not the amount of debt, its one having more or less debt than everyone else and throwing the entire system off.

Right.

Posted by pkcRAISTLIN on Aug-17-2011 05:03:

Posted by EddieZilker on Aug-17-2011 05:05:

Posted by DJ RANN on Aug-17-2011 05:17:

The debt or it's imaginary ceiling does not matter one iota, at least for the states.

The potential GDP ability of the states vastly outgrosses the current debt figure - it only matters if a default or rating downgrade happens but that is an imposed raise on borrowing, otherwise it means jack shit.

Look at the 90's - USA had massive debt and turned it in to a huge surplus in less than 8 years and that was through simple economic growth and boom industries (dot com etc) , only for it to be spunked away again in another 6.

Buffet is right - the "job creators" need taxing, not tax breaks. When are we going to learn.

Posted by jupiterone on Aug-17-2011 05:22:

i bet she's a satanic freak in bed

Posted by pkcRAISTLIN on Aug-17-2011 05:31:

quote:
Originally posted by DJ RANN
The debt or it's imaginary ceiling does not matter one iota, at least for the states.

yeah, debt ceilings mean nothing.

quote:
Originally posted by DJ RANN
The potential GDP ability of the states vastly outgrosses the current debt figure

eh? the GDP of the US is what, $14-$16T? and the debt is ~14.

quote:
Originally posted by DJ RANN
Look at the 90's - USA had massive debt and turned it in to a huge surplus in less than 8 years and that was through simple economic growth and boom industries (dot com etc) , only for it to be spunked away again in another 6.

you're conflating issues here. the US had a large debt in the 90s and managed to turn their budget deficit into a surplus, but this had negligible impact on the overall debt (maybe took it down by a hundred billion or so). the US national debt was still in the red by the time clinton left office. then bush went on a spend-a-thon.

quote:
Originally posted by DJ RANN
Buffet is right - the "job creators" need taxing, not tax breaks. When are we going to learn.

agreed. the US will never pay down its debt without raising taxes.

Posted by Meat187 on Aug-17-2011 05:35:

I think Ron Paul is a pretty col guy. eh saves the economy and doesnt afraid of anything.

Posted by DOOMBOT on Aug-17-2011 05:35:

Even if every person in the US paid 100% of their income, the debt still wouldn't be repaid in full. Not to mention, this would pull all federal reserve notes out of circulation.

Posted by Joss Weatherby on Aug-17-2011 05:36:

quote:
Originally posted by EddieZilker
Well, that moment of lucidity was fleeting.

How is that not true though?

Posted by DOOMBOT on Aug-17-2011 05:42:

Out of curiosity, how much did Buffett contribute to pay.gov after his interview?

Posted by DJ RANN on Aug-17-2011 06:51:

quote:
Originally posted by pkcRAISTLIN
yeah, debt ceilings mean nothing.

Agreed.

quote:
Originally posted by pkcRAISTLIN
eh? the GDP of the US is what, $14-$16T? and the debt is ~14.

14.2T *per year, at last snapshot, which was taken in the worst recession for 100 years*

quote:
Originally posted by pkcRAISTLIN
you're conflating issues here. the US had a large debt in the 90s and managed to turn their budget deficit into a surplus, but this had negligible impact on the overall debt (maybe took it down by a hundred billion or so). the US national debt was still in the red by the time clinton left office. then bush went on a spend-a-thon.

Budget deficit and debt are directly related - can't lower one without the other.

Posted by pkcRAISTLIN on Aug-17-2011 07:05:

quote:
Originally posted by DJ RANN
14.2T *per year, at last snapshot, which was taken in the worst recession for 100 years*

No, that's not per year. that's the sum total of all the deficits combined over several decades.

quote:
Originally posted by DJ RANN
Budget deficit and debt are directly related - can't lower one without the other.

of course they are, but you suggested that the US was able to turn its debt into a surplus in a handful of years. this is incorrect, they turned their annual deficit into a surplus, but that surplus was so small the impact was negligible on the overall debt.

Posted by Lilith on Aug-17-2011 08:04:

quote:
Originally posted by pkcRAISTLIN

After that many kids, its the only place a sausage is allowed now.

Posted by Moongoose on Aug-17-2011 09:26:

Which suits her husband just fine. He was wondering how long it would take before she would just let him live in the closet in peace.

Posted by netroM on Aug-17-2011 10:34:

quote:
Originally posted by jupiterone
i bet she's a satanic freak in bed

I'm still waiting for the porn spoof. Like "Nailin Palin".
"Bonking Bachman" sounds pretty good. Anyone else got any suggestions?

Posted by EddieZilker on Aug-17-2011 14:32:

quote:
Originally posted by Joss Weatherby
How is that not true though?

It presents a vastly over-simplified understanding of the subject that is so sweeping as to be nearly meaningless. It's not that it's "untrue" but rather that it is so impertinent that measuring its validity or invalidity is nearly impossible in the face of its sweeping syllogistic hyperbole. It reduces the debt issue and its economic impact to the level of a Monopoly game that has just veered way off the tracks when, in fact, it's far more complicated than that.

Posted by Halcyon+On+On on Aug-17-2011 15:13:

quote:
Originally posted by pkcRAISTLIN

I think she's actually pulling it out, not putting it in.

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