17 Trillion

Lurkdewitt

Lurkdewitt

Well-Known Member
squarepush3r said:
Wait until interest rates increase (from the massive money that has been printed in the past few years), say they increase to 8% like they were under Clinton.

That's 1.36 Trillion per year just in interest payments. I don't think Obamanuts/liberals are evil, just bad at math.

This is current budget graph



So, on that pie chart, when the 7% slice increases to 14%, 21%, how will we afford all these social programs that Uncle Buck loves?

I figure most adult humans learn this principal in their teen years when they get their first credit card, but I guess I overestimate most Americans!
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Couldn't agree more! Short term "budgeting" and out of control spending is bad no matter what. Our country spends spends spends and ignores our financial problems just isn't working. Honestly, it's been progressing worse and worse every president since Reagan. Ending the federal reserve would be a nice first step towards actually getting our country on the right track!

And Buck, can I have a couple sources of the national deficit being cut within Obamas presidency?
 
heckler73

heckler73

Well-Known Member
UncleBuck said:
how's canada doing with respect to debt and deficits?

:razz:
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Nobody cares... :lol: our finances aren't a global soap opera like the US economy. We just put on a sympathetic show for the benefit of your viewing pleasure. So when the president goes on TV and says "we're broke... we need to be more austere", the PM of Canada will go on TV and say something to a similar effect. Then the House of Commons goes on vacation...

But since you asked...

http://www.cbc.ca/news2/interactives/canada-deficit/

Also... many economists [SUP](citation needed)[/SUP] are coming on board with the perspective that debt ceilings are stupid.

http://www.cbc.ca/news/u-s-government-shutdown-is-the-debt-ceiling-a-stupid-idea-1.2055705
 
heckler73

heckler73

Well-Known Member
Lurkdewitt said:
Couldn't agree more! Short term "budgeting" and out of control spending is bad no matter what. Our country spends spends spends and ignores our financial problems just isn't working. Honestly, it's been progressing worse and worse every president since Reagan. Ending the federal reserve would be a nice first step towards actually getting our country on the right track!

And Buck, can I have a couple sources of the national deficit being cut within Obamas presidency?
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Psssst.... hey buddy.... wanna buy a Government Budget Constraint? I'll sell it to you for really cheap... just don't ask any questions about that limit equation...

I'm pretty sure I've posted this before, but it seems it is needed once again.

[video=youtube;en5Biad0VZo]http://www.youtube.com/watch?v=en5Biad0VZo[/video]
 
heckler73

heckler73

Well-Known Member
Ringsixty said:
Wrong...LOL

Oh well, I guess it was to simple to understand.
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That's not the issue. It is a false analogy.
If you can make it through to the 25 minute mark of the vid, the punchline will be delivered.
It all comes down to this equation:

 
C

ChesusRice

Well-Known Member
Lurkdewitt said:
Couldn't agree more! Short term "budgeting" and out of control spending is bad no matter what. Our country spends spends spends and ignores our financial problems just isn't working. Honestly, it's been progressing worse and worse every president since Reagan. Ending the federal reserve would be a nice first step towards actually getting our country on the right track!

And Buck, can I have a couple sources of the national deficit being cut within Obamas presidency?
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We need to get rid of the central bank and downsize our Goverment so we can be more like Somalia
 
T

tokeprep

Well-Known Member
UncleBuck said:
notice how the lines go down towards the end of the clinton years.



notice the source? it is the same one used at the GOP national convention, which you served as head cheerleader for at the time.
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The surplus evaporated with the tech bubble, which had been fueling extraordinary federal tax receipts. The same thing happened under Bush--his deficit was mostly eliminated until the housing bubble collapsed and the skeletons were loosed.

Bragging about these temporary apparitions makes no sense for anyone.
 
tip top toker

tip top toker

Well-Known Member
UncleBuck said:
well, you figured out how to embed a video. that's a step forward.

but the placement leaves something to be desired. only someone who is borderline functionally retarded would embed a video right into the middle of a sentence.

better luck next time, chap.
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Only someone who is borderline functionally retarded doesn't understand how to use capital letters ;-)
 
T

tokeprep

Well-Known Member
UncleBuck said:
at least you're calling them temporary instead of fictional.
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I'm calling them fictional because the budget process really does involve writing fiction. Your narrative about Clinton's surpluses is based on the 10 year budget outlook that showed trillions of dollars in the green, not the minimal surpluses he actually ran while he was president. The narrative continues that Bush totally reversed the outlook with bad policies; in reality, almost all of the revisions to the 10 year budget outlook were technical ones adjusting for changes in economic conditions. The surpluses were just fiction.

I call Obama's improved deficits fictional because I expect Obamacare costs to skyrocket for a few key reasons: 1) fewer people will sign up than estimated, 2) Medicare cuts that were passed to fund Obamacare probably won't ever actually take place, 3) insurance companies will continue jacking up the cost of premiums at government expense. It will take years for all of this to be visible.

But you know I despise selective partisan crediting. Obama was a victim of his times, according to you; Bush/Republicans weren't victims but caused everything; Clinton and no one else amassed a huge surplus. It's all bullshit political talking points.
 
El Tiberon

El Tiberon

Active Member
Balzac89 said:
The Chinese are calling for the world to get off the Petro dollar.
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If and when this happens the US will be no different than all other countries in the western hemisphere other than they have no more manufacturing and will spiral down quickly.

Changing to the oil to the Chinese might be a good thing for the world. All would lose money but it would throw the US under the bus and destroy them completely other than than their nuclear arms. Financially they would never recover. Their goods are made elsewhere. They have massive urban sprawl. The western region is dying for water.

I say go for it and make the white pigs beg and kill each other for food.
 
Dr Kynes

Dr Kynes

Well-Known Member
heckler73 said:
Yah... that's pretty accurate except for the fact it is completely wrong.
See post #24 for details...
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seems pretty accurate to me.

debt doesnt produce shit, no matter how much math you do.

you still always have to pay it back or lose your shirt.

pretending "macro" economics uses different rules than regular economics is a formula for disaster.
 
Dr Kynes

Dr Kynes

Well-Known Member
tokeprep said:
I'm calling them fictional because the budget process really does involve writing fiction. Your narrative about Clinton's surpluses is based on the 10 year budget outlook that showed trillions of dollars in the green, not the minimal surpluses he actually ran while he was president. The narrative continues that Bush totally reversed the outlook with bad policies; in reality, almost all of the revisions to the 10 year budget outlook were technical ones adjusting for changes in economic conditions. The surpluses were just fiction.

I call Obama's improved deficits fictional because I expect Obamacare costs to skyrocket for a few key reasons: 1) fewer people will sign up than estimated, 2) Medicare cuts that were passed to fund Obamacare probably won't ever actually take place, 3) insurance companies will continue jacking up the cost of premiums at government expense. It will take years for all of this to be visible.

But you know I despise selective partisan crediting. Obama was a victim of his times, according to you; Bush/Republicans weren't victims but caused everything; Clinton and no one else amassed a huge surplus. It's all bullshit political talking points.
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give it up tokie. i explained all this to him many times, and instead he slinks away only to repeat the same bullshit elsewhere.

he KNOWS clinton didnt create any surpluses, as evidenced by the continued unabated increases in the debt during his tenure.

he further knows that the imaginary "surpluses" were a product of the tech bubble and existed only on paper and in the feverish dreams of get rich quick schemers who were betting the house and car on Pets dot com.

of course if the bubble never burts, then we could "grow our way to prosperity" no matter how profligate our spending.

the US economy is best exemplified by Mc Hammer

start out broke
get a sudden influx of cash when your record goes platinum
hire a massive entourage of do-nothings who waste your money on frivolities
buy a huge palatial estate with a crippling mortgage instead of a more modest MANSION which you could get for cash found in the pockets of your Genie Pants
double down on wasteful spending when second album goes platinum, make it rain for strippers instead of investing in businesses or property
go a "different direction" with your third record, and when it flops, go bankrupt and live in a homeless shelter
 
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