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Author Topic: Economics  (Read 6420 times)

CoughDrop

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Re: Economics
« Reply #45 on: March 29, 2011, 08:09:27 am »
US Debt Clock

I think I heard a statistic that if we taxed all workers 100% of their income, we still wouldn't be able to pay the INTEREST of our debt. Also, what happens when the rest of the world decides they don't like the USD being the world's reserve currency? Hint: We won't be able to get oil ANYWHERE NEAR as cheap as we do now.
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Tellemurius

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Re: Economics
« Reply #46 on: March 29, 2011, 08:11:22 am »
Funny thing too, sneaking into a economics class, there is a discussion among the economists that we wouldn't worry about the debt until its 50% more than the GDP.
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CoughDrop

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Re: Economics
« Reply #47 on: March 29, 2011, 08:15:23 am »
Quote from: Tellemurius on March 29, 2011, 08:11:22 am
Funny thing too, sneaking into a economics class, there is a discussion among the economists that we wouldn't worry about the debt until its 50% more than the GDP.

What was the reasoning in that?
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Tellemurius

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Re: Economics
« Reply #48 on: March 29, 2011, 08:17:02 am »
Reasons were that while the debt is ridiculous we are still able to pay it off in 20 YEARS with our current GDP.
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CoughDrop

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Re: Economics
« Reply #49 on: March 29, 2011, 08:20:33 am »
Then why not just pay it off now? It seems rather logical as debt just piles up on itself the more you leave it alone. Pay for it now and spend less than you would have had to later.
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Tellemurius

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Re: Economics
« Reply #50 on: March 29, 2011, 08:21:45 am »
You're asking me why are damn politicians aren't paying it off?
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Askot Bokbondeler

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Re: Economics
« Reply #51 on: March 29, 2011, 08:22:46 am »
will participate on this later, right now i gotta leave. posting to follow the thread
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CoughDrop

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Re: Economics
« Reply #52 on: March 29, 2011, 08:25:52 am »
I honestly don't know who's in charge of paying off what debt. But yes, why?

Quote from: Askot Bokbondeler on March 29, 2011, 08:22:46 am
will participate on this later, right now i gotta leave. posting to follow the thread

There's a button you can press to do that. Marked: "Notify"
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"It's one thing to feel that you are on the right path, but it's another to think yours is the only path."

Askot Bokbondeler

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Re: Economics
« Reply #53 on: March 29, 2011, 08:27:09 am »
and it will send me an email every time there's a post on this thread... no thanks
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Tellemurius

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Re: Economics
« Reply #54 on: March 29, 2011, 08:28:10 am »
Its the damn bureaucracy and "Bests interests" holding us back.
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Phmcw

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Re: Economics
« Reply #55 on: March 29, 2011, 08:29:26 am »
Quote from: Tellemurius on March 29, 2011, 08:05:00 am
Economic crisis? have you looked at our GDP? yes china beats us with the Purchasing power parity but WE still make more than any other country.

Your point? There is no economic crisis? America's economy is doing well? China is not slowly taking the lead?

Gdp is all well but now look at gdp grow. US is in the 15last countries in the world.

United States    13,807.550    14,264.600    3.31%    169
Quote from: Tellemurius on March 29, 2011, 08:28:10 am
Its the damn bureaucracy and "Bests interests" holding us back.
It's damn "I don't give a shit about my citizens best interests".
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Tellemurius

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Re: Economics
« Reply #56 on: March 29, 2011, 08:35:48 am »
Who the hell has higher GDP than us?
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ChairmanPoo

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Re: Economics
« Reply #57 on: March 29, 2011, 08:37:42 am »
*wanders into the thread* realize that when two people give definitions for socialism and communism, they're not necessarily talking about the same things.
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Quote from: fqllve on September 08, 2011, 11:56:27 am
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Darvi

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Re: Economics
« Reply #58 on: March 29, 2011, 08:37:54 am »
We do.
Per capita that is.
« Last Edit: March 29, 2011, 08:40:23 am by Darvi »
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Askot Bokbondeler

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Re: Economics
« Reply #59 on: March 29, 2011, 08:40:58 am »
Quote from: ChairmanPoo on March 29, 2011, 08:37:42 am
*wanders into any thread* realize that when two people give definitions for any word, they're not necessarily talking about the same things.
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