Harrekin
Well-Known Member
A self-fulfilling prophecy in a self sustaining cycle...good work, logical
Lights go dim on another energy project Geothermal losses pile up
- Thread starter rollinbud
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ChesusRice
Well-Known Member
A self-fulfilling prophecy in a self sustaining cycle...good work, logical
Well regardless of the cycle that is the reality
Any vote not for Obama including those not cast is a vote for Roney
Republicans do well when overall voter turnout is low
Another reason they are the party of voter suppression
kelly4
Well-Known Member
Misleading....the deficit is not lower. IF those numbers are correct it means the GDP went up, not that the deficit went down.
Show us the actual deficit numbers. Those numbers won't mislead...
If I took a new job that paid higher, that doesn't mean that my debt went down. Only that me debt to earning ratio changed.
Zero stars for you.
Show us the actual deficit numbers. Those numbers won't mislead...
If I took a new job that paid higher, that doesn't mean that my debt went down. Only that me debt to earning ratio changed.
Zero stars for you.
kelly4
Well-Known Member
That's funny...I was told my vote for Johnson was a vote for Obama.
ChesusRice
Well-Known Member
Look up the definition of deficit
Then get back to me
Then get back to me
UncleBuck
Well-Known Member
i hated getting all those tax breaks. being able to keep more of your own money is so over rated.
ChesusRice
Well-Known Member
As GDP goes up as it has been doing because of an improving economy
So does tax revenue
Which lowers the deficit
in case you didnt know (and I dont think you do)
A defecit is when you spend more money than you take in
yes the deficit is lower than when obama took office
Yes the goverment is spending less since obama took office
yes we have had higher deficits in relation to GDP before
And we are still here
So does tax revenue
Which lowers the deficit
in case you didnt know (and I dont think you do)
A defecit is when you spend more money than you take in
yes the deficit is lower than when obama took office
Yes the goverment is spending less since obama took office
yes we have had higher deficits in relation to GDP before
And we are still here
Harrekin
Well-Known Member
Record national debt tho...unsustainable levels of borrowing...
We're gonna get most of our national debt chopped off by Europe soon, yay! Pesky banks won't hold us down anymore.
What you guys gonna do? Yous cut that deficit yet?
ChesusRice
Well-Known Member
Hopefully get our money back with interest we loaned europe to keep you guys afloat
Johnny Retro
Well-Known Member
WE didn't loan any money to Europe. Try again.
ChesusRice
Well-Known Member
By Neil Irwin and Michael Birnbaum, Published: September 15, 2011 | Updated: Friday, September 16, 4:01 AMThe Washington Post Worried that a mounting debt crisis in Europe could trip up the global economy, the Federal Reserve opened its vault Thursday to the central banks of other countries in an effort to head off a crippling shortage of dollars.
The main recipient of the Fed’s money is the European Central Bank, which will in turn extend dollar loans to banks in the nations that use the euro currency. Those banks do significant business in dollars, for instance making loans to customers operating around the world, and have been finding it harder to raise dollars from anxious investors.
http://www.washingtonpost.com/busin...central-bank/2011/09/15/gIQA2YcpVK_story.html
Johnny Retro
Well-Known Member
Those were swaps lasting 3 months, and the interest paid on a 3 month currency swap is peanuts. Those ended in December.
Go educate yourself in finance before trying to have an educated argument.
ChesusRice
Well-Known Member
Johnny Retro
Well-Known Member
The purpose of the SWAP was not to collect interest and pay off our debt like you alluded to.
Harrekin
Well-Known Member
It was a temporary switcharoo not a loan, and it benefitted the US cos it gave us dollars to spend there (or with companies there, etc).
ChesusRice
Well-Known Member
So we gave money to European banks with no expectation of getting it back
Collected interest on it
But it wasnt a loan?
Johnny Retro
Well-Known Member
You premised we were loaning money to Europe to help pay off debt and in turn we "hopefully would get our money back with interest". Which is NOT what happened. The FED did a liquidity swap to keep the euro banks liquid in U.S dollars. Again, go educate yourself in finance.
ChesusRice
Well-Known Member
Did they pay interest on the money?
[h=2]Definition of LOAN[/h]1
a: money lent at interest b: something lent usually for the borrower's temporary use
Johnny Retro
Well-Known Member
http://www.qfinance.com/financial-risk-management-checklists/understanding-and-using-currency-swaps
"Under international accounting rules, a currency swap is not considered to be a loan"
ChesusRice
Well-Known Member
They are still loans
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