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#11
May 11 2012 12:39pm
Quote (AiNedeSpelCzech @ May 11 2012 10:38am)
I am pretty sure I replied the last 74 times this was posted.  :(


Link to thread?
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#12
May 11 2012 12:41pm
Quote (thundercock @ 11 May 2012 13:39)
Link to thread?


Nah.
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#13
May 12 2012 01:39am
Quote (Skinned @ May 10 2012 04:40pm)
Lets stop spending money so unemployment rises exponentially, yyyyyeeeeaaaaahhhhhh!!!!!!!!!!!!


Yes, government spending needs to stop. The government is big money waister and burdens the economy.

If taxes are lowered and the Fed can deliver capital straight to business ( bypassing the banks who are charging high interest rates, while the Fed is giving 0% interest rates to banks ), just watch how many jobs are created.
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#14
May 12 2012 05:49am
Quote (thundercock @ May 10 2012 05:32pm)
I don't think anyone makes an exact comparison when they use this technique.  Rather, they are showing how the debt can and is unsustainable.

The article you linked was written in early 2010...roughly one year after Obama took office.  Anyway, everything he said in the 5 points is absolutely correct.  There's no doubt about it.  We're likely never going to make a serious dent in the principle value.  What we end up doing is roll over the debt i.e. we pay old debt with the creation of new debt.  When you do that, you only have to pay the interest on the national debt.  The problem is when the interest on the national debt becomes too large.  Right now, you're looking at about 470 billion in interest for the next year....and this is with record low interest rates.  What are we going to do when we have to raise the rates?

Printing our way out seems like the obvious solution that will be implemented.

Note that I'm not saying it's a good one because that'd trigger some really bad inflation. Just saying that that's probably what will end up happening.
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#15
May 12 2012 01:19pm
Quote (bentherdonethat @ 12 May 2012 06:49)
Printing our way out seems like the obvious solution that will be implemented.

Note that I'm not saying it's a good one because that'd trigger some really bad inflation. Just saying that that's probably what will end up happening.


Inflation is good for the vast majority of the American people, tbh.
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#16
May 12 2012 03:21pm
Quote (AiNedeSpelCzech @ May 12 2012 12:19pm)
Inflation is good for the vast majority of the American people, tbh.


:rofl:
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#17
May 14 2012 12:13am
Quote (AiNedeSpelCzech @ May 12 2012 11:19am)
Inflation is good for the vast majority of the American people, tbh.


It's good if you have a fixed rate loan. That's about it.....

I'm pretty sure high inflation (around 8% or more) would ass fuck most Americans.

Quote (bentherdonethat @ May 12 2012 03:49am)
Printing our way out seems like the obvious solution that will be implemented.

Note that I'm not saying it's a good one because that'd trigger some really bad inflation. Just saying that that's probably what will end up happening.


I wouldn't really consider that a solution, would you? Not only is that a massive benefits cut, but it makes it much harder to import goods. It would solve our unemployment issue though LOL.
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