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Business, Economics, and Taxes: Eat Cereal for Dinner

Rick Santelli proving once again he doesn't even have a grasp of the fundamentals of economics. He's just a really loud bleating goat.
 
And any deficit hawks can just shut the fuck up forever. No one has ever called us debt, the us has never defaulted, it wont default without a worldwide depression, and it would mean there are no safe havens. Which is all absurd.

further, if going into debt costs $.50 and you gain a dollar in revenue (all in real terms), you take that deal every time. Even ignoring the strategic benefits that might accrue.

We don't have quarterly earnings calls. These dildos treat the economy and sovereign debt like corporate debt and it's just not the same.

these are just selfish pricks who care that someone is going to finally, maybe cost them their extra annual Porsche while the rest of the country can make a living wage. Ass holes
 
Oh and the really neat thing is, if the government ever gets into a really, really bad place, they will just confiscate wealth because they have a monopoly on the military.
 
dxmnkd316 said:
And any deficit hawks can just shut the **** up forever. No one has ever called us debt, the us has never defaulted, it wont default without a worldwide depression, and it would mean there are no safe havens. Which is all absurd.

further, if going into debt costs $.50 and you gain a dollar in revenue (all in real terms), you take that deal every time. Even ignoring the strategic benefits that might accrue.

We don't have quarterly earnings calls. These dildos treat the economy and sovereign debt like corporate debt and it's just not the same.

these are just selfish *****s who care that someone is going to finally, maybe cost them their extra annual Porsche while the rest of the country can make a living wage. *** holes
Click to expand...

This is absolutely true. Most of clowns on CNBC or Faux Business have no idea what the fark they are talking about or even how the government works. They get their bread buttered by nimrods at Goldman Sachs or bow at the feet of people like Jamie Dimon. They think plebes like us are only here to make sure the stocks in their portfolio are healthy.

Even if they were right, the debt holders are not about to let a default happen and they would be the ones to trigger it. In reality the only way the US defaults is if say, China decides to call in their debt or sell it off for pennies on the dollar on the market. (they threatened this before the '08 crash if you believe people like Sorkin) If they do that they tank their economy way worse and trigger a friggin worldwide depression. The US will never default.

If the GOP decides to shut the whole thing down...well not only will they get all of the bad headlines but from all accounts Biden has measures in place to keep things open.
 
rufus said:
Gee, why is insurance so expensive for Floriduh homeowners?
Click to expand...

cause of the flooding and hurricanes
I am going to invest some cash these days, so I’m reaching out to bankers trust customer service for guidance. I want to make sure I’m making informed decisions. If anyone has recommendations on where to start, I would really appreciate it! I’m particularly interested in exploring options like stocks, mutual funds, or perhaps even real estate. Any advice on reliable investment platforms or resources that could help me understand the market better would be fantastic
 
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dxmnkd316 said:
And any deficit hawks can just shut the **** up forever. No one has ever called us debt, the us has never defaulted, it wont default without a worldwide depression, and it would mean there are no safe havens. Which is all absurd.

further, if going into debt costs $.50 and you gain a dollar in revenue (all in real terms), you take that deal every time. Even ignoring the strategic benefits that might accrue.

We don't have quarterly earnings calls. These dildos treat the economy and sovereign debt like corporate debt and it's just not the same.

these are just selfish *****s who care that someone is going to finally, maybe cost them their extra annual Porsche while the rest of the country can make a living wage. *** holes
Click to expand...

The deficit hawks are just a cynical strategy. If they were serious, they would

Oppose:
  • corporate welfare
  • energy subsidies
  • military contract spending
And support:
  • equalize cap gains to the income tax
  • highly progressive income tax (i.e., 99% for > 100M)
  • uncapping FICA
  • means testing all benefits to DQ the wealthy
 
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