quote:

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

How is that not true though?

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

quote:

Originally posted by pkcRAISTLIN yeah, debt ceilings mean nothing.

Agreed.

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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*

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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.

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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.

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quote:

Originally posted by pkcRAISTLIN

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

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.

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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?

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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.

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Now with extra singles!
my old stuff, not quite up to snuff - but I still dig it - UPDATED 9/23/2012

quote:

Originally posted by pkcRAISTLIN

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

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There are more things in heaven and earth, Horatio,
Than are dreamt of in your philosophy.