USCHO Fan Forum
This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!
-
The USCHO Fan Forum has migrated to a new plaform, xenForo. Most of the function of the forum should work in familiar ways. Please note that you can switch between light and dark modes by clicking on the gear icon in the upper right of the main menu bar. We are hoping that this new platform will prove to be faster and more reliable. Please feel free to explore its features.
- Status
ScoobyDoo
NPC
Re: The 112th Congress: Debt ceiling edition
So, we hate everybody. Sounds like the American people are being a bunch of crybabies. This situation didn't just happen. It's been going on for the last 11 years. A Republican Congress with a complicit Democratic President and a booming economy had things under control. Then we all got greedy, then we lusted for justice.
Greed did this.
So, we hate everybody. Sounds like the American people are being a bunch of crybabies. This situation didn't just happen. It's been going on for the last 11 years. A Republican Congress with a complicit Democratic President and a booming economy had things under control. Then we all got greedy, then we lusted for justice.
Greed did this.
Re: The 112th Congress: Debt ceiling edition
I pay off my credit cards every month (use them for convenience and to earn $$ at REI) and bring in more money each month than I spend (and I include contributions to my retirement account as a monthly expense, not surplus). I can borrow money responsibly. My debt would be like the government borrowing to build a massive infrastructure project (like the interstate system) -- I think that would be OK -- the benefit likely outweighs the debt servicing costs so why save up to pay cash. Unfortunately our government is more like the person that can't afford to pay their living expenses and charges more each month than they bring in, and then pays one credit card bill with another. Meanwhile they don't give up any luxuries, including the 52" LCD TV and latest iPhone.
I pay off my credit cards every month (use them for convenience and to earn $$ at REI) and bring in more money each month than I spend (and I include contributions to my retirement account as a monthly expense, not surplus). I can borrow money responsibly. My debt would be like the government borrowing to build a massive infrastructure project (like the interstate system) -- I think that would be OK -- the benefit likely outweighs the debt servicing costs so why save up to pay cash. Unfortunately our government is more like the person that can't afford to pay their living expenses and charges more each month than they bring in, and then pays one credit card bill with another. Meanwhile they don't give up any luxuries, including the 52" LCD TV and latest iPhone.
bronconick
Yep, still here
Re: The 112th Congress: Debt ceiling edition
More like the factory owner that has to keep borrowing to keep the factory running because if it shuts down, 2/3 of the townspeople no longer has jobs, but sure. Oh, and no, you can't move to a different town because travel between towns is not possible. So everyone just closes their eyes and goes with it because the option of not going with it is sheer idiocy.
More like the factory owner that has to keep borrowing to keep the factory running because if it shuts down, 2/3 of the townspeople no longer has jobs, but sure. Oh, and no, you can't move to a different town because travel between towns is not possible. So everyone just closes their eyes and goes with it because the option of not going with it is sheer idiocy.
walrus
Wind up workin' in a gas station
Re: The 112th Congress: Debt ceiling edition
I'm all for raising taxes if they balance the budget, I'll gladly pay my share but if they're going to continue to spend more than they take in, why bother.
Who the F cares about Orrin Hatch, send in the money if they feel its the right thing to do. It won't hurt the problem will it?
I'm all for raising taxes if they balance the budget, I'll gladly pay my share but if they're going to continue to spend more than they take in, why bother.
unofan
Well-known member
Re: The 112th Congress: Debt ceiling edition
I'm all for increasing my wages from work so long as I balance my personal budget. I'll gladly take a better paying job but if I'm going to take out a mortgage and car loans, why bother?
That's basically what you're saying...you won't accept a raise even though you're in debt and it would help because it wouldn't close the gap entirely. Great call.
I'm all for increasing my wages from work so long as I balance my personal budget. I'll gladly take a better paying job but if I'm going to take out a mortgage and car loans, why bother?
That's basically what you're saying...you won't accept a raise even though you're in debt and it would help because it wouldn't close the gap entirely. Great call.
Last edited:
WetSubArticCanine
Registered User
Re: The 112th Congress: Debt ceiling edition
da bedazzlen do fryz da ol eyeballsKepler said:
That might kinda penetrate, except it pretty much covers most points (massive information overload), assumes moderate familiarity with the workings of post hunter/gather economies and their histories, and is paced ~an order of magnitude faster than comprehension - if the target is those where the content is a new thing, and if there was any inclination to examine ideas outside their box. Choir, dis hear good ol boyz da preacher.
Last edited:
walrus
Wind up workin' in a gas station
Re: The 112th Congress: Debt ceiling edition
Apparently you believe we can continue to spend more than we take in for eternity? You belong in DC
P
Priceless
Guest
Re: The 112th Congress: Debt ceiling edition
You don't pay your fair share now? Why don't you write a check to the IRS for the difference?
You don't pay your fair share now? Why don't you write a check to the IRS for the difference?
walrus
Wind up workin' in a gas station
P
Priceless
Guest
walrus
Wind up workin' in a gas station
P
Priceless
Guest
Re: The 112th Congress: Debt ceiling edition
You said you don't pay your fair share now. I suggested you write a check to the IRS for the difference. You said you weren't a millionaire. What has that got to do with anything? Write the check!
You said you don't pay your fair share now. I suggested you write a check to the IRS for the difference. You said you weren't a millionaire. What has that got to do with anything? Write the check!
walrus
Wind up workin' in a gas station
P
Priceless
Guest
Re: The 112th Congress: Debt ceiling edition
You said "I'm all for raising taxes if they balance the budget. I'll gladly pay my share."
That means you don't pay your share now.
You said "I'm all for raising taxes if they balance the budget. I'll gladly pay my share."
That means you don't pay your share now.
Kepler
Si certus es dubita
Re: The 112th Congress: Debt ceiling edition
This is way too easy, for several reasons.
(1) The debt is getting too high but every developed country runs a deficit. 65% is well within the developed economies' range, particularly since we have a recession and two wars.
(2) The homespun analogy between a personal budget and a national budget is good rhetoric but irrelevant at best and deliberate hogwash at worst. National finances run more like a huge multinational, constantly "in debt" (taking out loans that it will pay off using future proceeds).
(3) All spending is not equal. If you really want to stretch the analogy of a national budget, imagine if nobody sent their kids to college unless they could afford to pay for it cash on the barrel-head. The result would be no investment in "undeveloped resources" (smart kids from poor families). "Good debt" enables kids to go to college and get better jobs, thus more than paying off the investment. Most of what the government spends on is that kind of investment -- medical care helps people get back to work, education trains people. "Intergenerational" payments of social security and Medicare free younger people from having to support their elderly relatives and allow them to concentrate more on their jobs, their kids' needs, etc. Being the immediate breadwinner for a extended family means you can't move across country for a better job, you're paying not only day care for your kids but nursing and assisted living for your parents, etc.
Fiscal conservativism is a good ideal type, but adhering fanatically to the analogy obscures more than it illuminates.
This is way too easy, for several reasons.
(1) The debt is getting too high but every developed country runs a deficit. 65% is well within the developed economies' range, particularly since we have a recession and two wars.
(2) The homespun analogy between a personal budget and a national budget is good rhetoric but irrelevant at best and deliberate hogwash at worst. National finances run more like a huge multinational, constantly "in debt" (taking out loans that it will pay off using future proceeds).
(3) All spending is not equal. If you really want to stretch the analogy of a national budget, imagine if nobody sent their kids to college unless they could afford to pay for it cash on the barrel-head. The result would be no investment in "undeveloped resources" (smart kids from poor families). "Good debt" enables kids to go to college and get better jobs, thus more than paying off the investment. Most of what the government spends on is that kind of investment -- medical care helps people get back to work, education trains people. "Intergenerational" payments of social security and Medicare free younger people from having to support their elderly relatives and allow them to concentrate more on their jobs, their kids' needs, etc. Being the immediate breadwinner for a extended family means you can't move across country for a better job, you're paying not only day care for your kids but nursing and assisted living for your parents, etc.
Fiscal conservativism is a good ideal type, but adhering fanatically to the analogy obscures more than it illuminates.
WetSubArticCanine
Registered User
Re: The 112th Congress: Debt ceiling edition
Not for eternity, for the Nation’s current economic state and some understanding of the underlying dynamics of industrialized state’s economies. Beaching a dory when the surf’s up goes better when pulling on the oars is matched with the wave action. My appraisal is there’s quite a lot of slosh in the bilge, the bailing bucket went over the side, the sets are building, and the cross chop looks to be getting worse. Punching out some part of the planking isn’t going to help.
Allow another “you”?walrus said:
Not for eternity, for the Nation’s current economic state and some understanding of the underlying dynamics of industrialized state’s economies. Beaching a dory when the surf’s up goes better when pulling on the oars is matched with the wave action. My appraisal is there’s quite a lot of slosh in the bilge, the bailing bucket went over the side, the sets are building, and the cross chop looks to be getting worse. Punching out some part of the planking isn’t going to help.
- Status