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Started By
Message
re: “We’re going to pay off...the $35 trillion in debt. We’re going to pay it off...fast too.
Posted on 12/8/23 at 9:35 am to RogerTheShrubber
Posted on 12/8/23 at 9:35 am to RogerTheShrubber
quote:
Its literal wishcasting.
Lol come the frick on man. I'm telling that things in geopolitics do not change that quickly without some massive external event. Case in point, the US would not have reached hegemony status without the end of the British and French empires, which were ended due to a massive worldwide war.
Nations in international politics compete. The US has set up a system which is extremely resilient and provides a safe network for trade. Countries who participate in this network have seen strong growth rates in opposition to older protectionist systems and Communism. And yet, absent any actual evidence, I'm supposed to believe the very system is on the verge of collapse? And for that reason, we should adopt a tighter monetary policy, if not outright austerity?
1
Posted on 12/8/23 at 9:35 am to Taxing Authority
quote:
For example, we've gone through a period of inflation--the ideal time to retire some of the public debt. That would be deflationary. But we didn't. We did the opposite actually.
Exactly.
Because policy makers keep kicking the can down the road and would rather push bad policy than to risk popularity.
Posted on 12/8/23 at 9:36 am to RogerTheShrubber
quote:It's what voters want. Who doesn't like "free" money. Especially when grocery prices are so high!
Because policy makers keep kicking the can down the road and would rather push bad policy than to risk popularity.
This post was edited on 12/8/23 at 9:38 am
Posted on 12/8/23 at 9:39 am to Taxing Authority
quote:
Because policy makers keep kicking the can down the road and would rather push bad policy than to risk popularity.
It's what voters want.
Which is why democracy is a race to the bottom.
I recently re-read "Notes From Underground" again. Its a fantastic look at a man raging against the rational Socialist movement.
Posted on 12/8/23 at 9:39 am to Taxing Authority
quote:
Which, literally undermines the claim that the US will always do better than everyone else.
How are you this dense? Do you understand anything about geopolitics? Because the scenario that several countries are in is very close to being intractable. Do you think rapproachment happens overnight? The US doesn't have the same constraints, because it has already invested heavily in which countries actively and willingly participate. Again, this isn't to say that the US doesn't have other concerns, but it is far better off in a relative sense because of that previous investment.
Posted on 12/8/23 at 9:41 am to crazy4lsu
quote:Today, No. When the national debt is above 50 Trillion and the servicing of the debt (interest) is over half of the total tax revenue, very possibly.
Do you think everyone is trying desperately to get rid of their dollars?
Let's look at it this way. My brother wants to borrow money from me (say 10,000). He agrees to pay me 3% interest a year on that loan. He's trustworthy and I loan him that money (I buy securities from my brother). At the same time, he is selling securities to other family members, neighbors and acquaintances. Next year, he wants to sell more securities (another loan) and I buy them. He also does the same to others. At some point in the future, the amount of securities outstanding (debt) will make me (and others) question his ability to pay the interest (let alone the principal). His trustworthiness will have great diminished, and he will likely not be able to borrow more money (no one will buy his securities).
Posted on 12/8/23 at 9:44 am to crazy4lsu
quote:
How are you this dense? Do you understand anything about geopolitics?
When your down, always try to make the point surround the bigger picture to confuse your opponent.
Understanding geopolitics is precisely the reason to watch foreign markets and what is occurring.
Posted on 12/8/23 at 9:44 am to RollTide71
quote:
Today, No. When the national debt is above 50 Trillion and the servicing of the debt (interest) is over half of the total tax revenue, very possibly.
And when they don't, then what?
quote:
Let's look at it this way. My brother wants to borrow money from me (say 10,000). He agrees to pay me 3% interest a year on that loan. He's trustworthy and I loan him that money (I buy securities from my brother). At the same time, he is selling securities to other family members, neighbors and acquaintances. Next year, he wants to sell more securities (another loan) and I buy them. He also does the same to others. At some point in the future, the amount of securities outstanding (debt) will make me (and others) question his ability to pay the interest (let alone the principal). His trustworthiness will have great diminished, and he will likely not be able to borrow more money (no one will buy his securities)
Except in that scenario, the US can participate in open market obligations to meet its demands. It is the fundamental reason why sovereign debt is not like household debt. There are consequences to doing that, of course.
Posted on 12/8/23 at 9:46 am to RogerTheShrubber
quote:
When your down, always try to make the point surround the bigger picture to confuse your opponent.
Lol, let's be honest, you don't even understand any basic points. You barely have cognitive functioning at this point.
quote:
Understanding geopolitics is precisely the reason to watch foreign markets and what is occurring.
And what is happening? What are we seeing? What moves, for example, has India made recently which ensure that its geopolitical situation with China is intractable?
Posted on 12/8/23 at 9:51 am to crazy4lsu
quote:If they don't, then we have lower debt. Not sure it is a bad thing. Ever heard the concept of hoping for the best, but prepare for the worst? If not, you'll understand it when you get older. Right now you are at "hope for the best" and "hope for the best".
And when they don't, then what?
quote:In my scenario, the open market would be the "acquaintances". Outside of family/neighbors (American citizens). You don't understand because you don't want to understand.
Except in that scenario, the US can participate in open market obligations to meet its demands. It is the fundamental reason why sovereign debt is not like household debt. There are consequences to doing that, of course.
This post was edited on 12/8/23 at 9:53 am
Posted on 12/8/23 at 9:53 am to crazy4lsu
quote:
Lol, let's be honest, you don't even understand any basic points
I'm not the one avoiding direct questions and answering with things that make no sense.
Your take here is hilarious since the Progressives blamed Joe Bidens massive inflation on the war in Russia.
Posted on 12/8/23 at 9:54 am to RollTide71
quote:
If they don't, then we have lower debt. Not sure it is a bad thing. Ever heard the concept of hoping for the best, but prepare for the worst? If not, you'll understand it when you get older. Right now you are at "hope for the best" and "hope for the best".
Be specific here. How is US monetary policy not 'prepared for the worst' as you put it? Just a note, punctuation goes inside the quotation marks in American English.
quote:
my scenario, the open market would be the "acquaintances". Outside family/neighbors (American citizens
Lol you don't know what open market operations means, do you?
Posted on 12/8/23 at 9:54 am to Taxing Authority
quote:
Who doesn't like "free" money. Especially when grocery prices are so high!
The average progressive is too stupid to realize that free money costs you in many other ways.
If they understood cause/effect, they wouldnt vote for progressives.
This post was edited on 12/8/23 at 9:55 am
Posted on 12/8/23 at 9:55 am to crazy4lsu
quote:
crazy4lsu
quote:If you have to resort to lashing out with personal attacks, you've already lost the argument.
You barely have cognitive functioning at this point.
Posted on 12/8/23 at 9:56 am to RogerTheShrubber
quote:
I'm not the one avoiding direct questions and answering with things that make no sense.
Lol, I've been extremely direct. I've given specific examples, with references to China-India relations, Japan's late 80's crash and subsequent 'Japanonification' and the Japanese, South Korean, Taiwanese and Indian liberalization efforts. You just have a hard time following points.
quote:
Your take here is hilarious since the Progressives blamed Joe Bidens massive inflation on the war in Russia.
Lol, like I give a shite.
This post was edited on 12/8/23 at 9:57 am
Posted on 12/8/23 at 9:56 am to RollTide71
quote:
If you have to resort to lashing out with personal attacks
He is a very shitty communicator, this is his MO.
At first he posts paragraphs of shite with no attachment to the issue, then gets angry when you dont buy his retardation..
Posted on 12/8/23 at 9:58 am to RogerTheShrubber
quote:
At first he posts paragraphs of shite with no attachment to the issue, then gets angry when you dont buy his retardation..
Literally every reference I've made has been towards specific points. You are poorly educated, so it goes above you and you get angry. That is your MO.
Posted on 12/8/23 at 9:58 am to crazy4lsu
quote:
Lol, I've been extremely direct.
Then youre more of an idiot than I thought. Youre having a solo conversation that clearly demonstrates your ignorance.
Posted on 12/8/23 at 9:58 am to crazy4lsu
quote:
Literally every reference I've made has been towards specific points
Absolute bullshite.
Posted on 12/8/23 at 9:59 am to RogerTheShrubber
Lol sure thing buddy.
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