NationStates Jolt Archive

Okay, so we hear quite a bit about 'tax-and-spend' liberals...but from where I sit, it's conservatives who've been in power these last four years, with four more long years to come. And who's been spending your money? Liberals?

With all the money that's being spent, as we debate it, the next several administrations are going to be constrained to raising taxes, no matter what they claim. Are you still planning to cling to the quaint notion that only liberals are responsible for your fiscal woes?

That wool over your eyes is in danger of slipping off.

I disagree with your assertion that conservatives have been in power the last for years. At best they should be called neo-cons; at worst, facists. Rather than being "tax-and-spend", they're "borrow-and-spend", which is somewhat worse. It's really too bad we can't elect "don't-tax-and-don't-spend" types. I think the USG will default on its debt before it's ever repaid. It's just not going to be possible to pay it off, and eventually we won't be able to even "make payments".

I disagree with your assertion that conservatives have been in power the last for years. At best they should be called neo-cons; at worst, facists. Rather than being "tax-and-spend", they're "borrow-and-spend", which is somewhat worse. It's really too bad we can't elect "don't-tax-and-don't-spend" types. I think the USG will default on its debt before it's ever repaid. It's just not going to be possible to pay it off, and eventually we won't be able to even "make payments".

Did not a man with a tiny mustache do that in Europe back in the thirties?

Did not a man with a tiny mustache do that in Europe back in the thirties?that was quick. Okay, Battery Charger won the debate

I dont care much for fax machines, but they are useful sometimes.

Ties are sometimes good, though I'm rarely caught wearing one (but always caught in a blazer).


That said, when we have our fiscal crises china will be there to eat us up.

Seeing as how every person in America owes around 330,000 dollars due to the deficit, our kids will be paying for our mistakes for the rest of their life. Tis a sad sad day, they are born into slavery without knowing it and it's all our fault.

Edit: republicans has taken control for the past 12 years. And it'll look like they will take control for the next 4 years as well. At least with Clinton, he managed to veto a lot of their spending bills. But with Bush, he has yet to veto anything.

I disagree with your assertion that conservatives have been in power the last for years. At best they should be called neo-cons; at worst, facists. Rather than being "tax-and-spend", they're "borrow-and-spend", which is somewhat worse. It's really too bad we can't elect "don't-tax-and-don't-spend" types. I think the USG will default on its debt before it's ever repaid. It's just not going to be possible to pay it off, and eventually we won't be able to even "make payments".Hey--that's what they call themselves. If you want to reclaim the mantle of censervatism, please do so, but let's be realistic here--the people who call themselves conservatives the loudest are the ones in power, and they're the ones who are leading us toward an economic cliff.

On the plus side, if the economy really does tank, then my six-digit student loans will wind up being about a month's pay after inflation devalues the currency like it did in Argentina.

On the plus side, if the economy really does tank, then my six-digit student loans will wind up being about a month's pay after inflation devalues the currency like it did in Argentina.

I also look forward to that day.

I also look forward to that day.

I'd like to pay off all my tuition loans in a month, too.

I also look forward to that day.I'm a optimist at heart, so I always try to see the good side. Unfortunately, for that to happen, a lot of people have to get hurt really badly, so I'd rather pay them off the old-fashioned way (by winning the lottery). :D

On the plus side, if the economy really does tank, then my six-digit student loans will wind up being about a month's pay after inflation devalues the currency like it did in Argentina.but I'll lose my five-digit investments to partially finance those loans

Hey--that's what they call themselves. If you want to reclaim the mantle of censervatism, please do so, but let's be realistic here--the people who call themselves conservatives the loudest are the ones in power, and they're the ones who are leading us toward an economic cliff.

On the plus side, if the economy really does tank, then my six-digit student loans will wind up being about a month's pay after inflation devalues the currency like it did in Argentina.

Whoh

So I should start borrowing a whole lot of money, really really quickly now? :D

Hey--that's what they call themselves. If you want to reclaim the mantle of censervatism, please do so, but let's be realistic here--the people who call themselves conservatives the loudest are the ones in power, and they're the ones who are leading us toward an economic cliff.

On the plus side, if the economy really does tank, then my six-digit student loans will wind up being about a month's pay after inflation devalues the currency like it did in Argentina.

The last time the U.S. economy tanked (in 1929):

1. The world economy tanked.

2. Deflation (not inflation) happened; your loans would be harder to pay off.

3. Values of all "hard" assets plunged (including stocks, houses, land, gold, etc.). Everything except CASH. (Bank accounts evaporated/banks failed/NO FDIC "insurance".)

4. There were some "winners". Holders of cash, and fiscally conservative businesses (low loans); especially if they acquired self-supporting assets at the low depression prices.

Currently, the U.S. economy is in fine shape (excellent, compared to the world). Our GNP is $8+Trillion (25% of the world, with 5% of the population). Our national "debt" (owed to ourselves, mostly) is 30% of our GNP. Most "industrialized" countries owe 50-100+%, with little ability to borrow.

To put this in perspective: If your family income is $100,000 per year, your total loans (house, cars, creditcards, etc) would have to be LESS THAN $30,000. Most families operate as "third-world" ecenomies. AND THE FEDERAL GOVERNMENT IS ALLOWED TO PRINT NEW MONEY AND COLLECT TAXES.

The U.S. economy is the strongest, by far, in the world. Europe is racing to the nearest cliff. The third world (and you non-saving, heavy-borrowers) are over the cliff, and rushing down-stream, without a paddle (or raft).

Before you bad-mouth the U.S. economy, clean up your own mess. Most on this thread seem to welcome U.S. economic failure, thinking that their loans will be minimized. THEY WON'T. The U.S. economy will not fail (before the world economy collapses).

In an economic downturn, borrowers suffer most; and savers make quick profits. That's why they call "Economics, the Dismal Science".

Dude, you keep getting deleted, don't you? Blindliberals, Blinderliberals, Blindestliberals... That's got to be a record! :)

Dude, you keep getting deleted, don't you? Blindliberals, Blinderliberals, Blindestliberals... That's got to be a record! :)

Shhh. Please. Just read/reply if you like.

Shhh. Please. Just read/reply if you like.

To be honest, I'm embarrassingly uninformed about US history, so I'll just read the thread.

By the way, why don't you just call yourself Bob or something like that? I mean, I'd probably get deleted if I was called BlindConservatives.

On the plus side, if the economy really does tank, then my six-digit student loans will wind up being about a month's pay after inflation devalues the currency like it did in Argentina.

I will say that if you're going to owe money, it's probably good to owe worthless money. But while the value of your debt may significantly drop, you won't necessarily get enough of a raise for it to be worthwhile.

On the plus side, if the economy really does tank, then my six-digit student loans will wind up being about a month's pay after inflation devalues the currency like it did in Argentina.
Ha ha, you went to Stanford and got an advanced degree...








....I didn't want those grapes anyway....they where sour..........&*^*&^%%%*&...... :( :)

The last time the U.S. economy tanked (in 1929):

1. The world economy tanked.

2. Deflation (not inflation) happened; your loans would be harder to pay off.


Do you have a cite for that? I've never heard that before.


3. Values of all "hard" assets plunged (including stocks, houses, land, gold, etc.). Everything except CASH. (Bank accounts evaporated/banks failed/NO FDIC "insurance".)


"Cash" was still redeemable for gold. Gold was worth $20/ounce because the dollar was fixed at that price, and that didn't change until FDR confiscated it all and devalued the dollar. The major problem was that there wasn't enough gold for all the paper in circulation. The prices of other items did seriously drop because people lost their buying power. I suppose you could call that deflation, but that's a very different thing than "good deflation", where drops in prices (cause by increased effiency and/or productivity) increase buying power.


4. There were some "winners". Holders of cash, and fiscally conservative businesses (low loans); especially if they acquired self-supporting assets at the low depression prices.

Currently, the U.S. economy is in fine shape (excellent, compared to the world). Our GNP is $8+Trillion (25% of the world, with 5% of the population). Our national "debt" (owed to ourselves, mostly) is 30% of our GNP. Most "industrialized" countries owe 50-100+%, with little ability to borrow.

BS. Our economy is house of cards. If you GNP #is accurate then that's only slightly higher than the debt. Where do you get this 30% figure? We don't "owe ourselves" the debt. If you don't own government debt certificates, nobody owes you anything. If you do own them, it should concern you that the USG might no be able to redeem them. On top of that, much of the debt is owed to foreign governments and organizations.


To put this in perspective: If your family income is $100,000 per year, your total loans (house, cars, creditcards, etc) would have to be LESS THAN $30,000. Most families operate as "third-world" ecenomies. AND THE FEDERAL GOVERNMENT IS ALLOWED TO PRINT NEW MONEY AND COLLECT TAXES.
Again, your 30% figure is BS. For your comparison to be at all accurate you would have to include all debt, private and public.


The U.S. economy is the strongest, by far, in the world. Europe is racing to the nearest cliff. The third world (and you non-saving, heavy-borrowers) are over the cliff, and rushing down-stream, without a paddle (or raft).

Before you bad-mouth the U.S. economy, clean up your own mess. Most on this thread seem to welcome U.S. economic failure, thinking that their loans will be minimized. THEY WON'T. The U.S. economy will not fail (before the world economy collapses).

Who on earth are you talking to? Nobody borrows as much money as we do.

Europe is racing to the nearest cliff.
Don't bad mouth our economy just because you want to hate us!

The EU has the second largest economy in the world. We are also America's biggest trading partner. If our economy were to fail, so would yours.

http://en.wikipedia.org/wiki/Gross_domestic_product#List_of_total_GDP_by_country_.28Purchasing_Power_Parity_Exchange_Rate.29

I dont care much for fax machines, but they are useful sometimes.

Ties are sometimes good, though I'm rarely caught wearing one (but always caught in a blazer).


That said, when we have our fiscal crises china will be there to eat us up.

China already has us by the balls. Bush in his infinite divine wisdom borrowed money for the taxcuts from China. And that's what Kerry voted for and then against was this. The first bill rolled back some of the taxcuts to pay for the war. The second bill borrows from China to pay for it.

Go to a library, and get recharged.
Recharged? I'm not battery-powered robot, and if I was I wouldn't go to the library for power.
Nothing in your response is correct.
That's nice. Why do you believe that?