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Author Topic: The debt ceilling  (Read 40167 times)

nenjin

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Re: The debt ceilling
« Reply #45 on: July 29, 2011, 09:55:29 pm »

Would Canada be interested in buying Minnesota then? We need the cash. And hey, they already sound kind of like you guys and have snow and stuff. We make you good deal.
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Grakelin

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Re: The debt ceilling
« Reply #46 on: July 29, 2011, 09:56:31 pm »

He bought a bunch of planes so he could shoot catapulted syrup out of the sky. Also, his party would much prefer if we not get more territory, because government needs to be as small and hands-off as possible (except for Quebec, which needs to be chained up with a tight leash).
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Realmfighter

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Re: The debt ceilling
« Reply #47 on: July 29, 2011, 10:03:54 pm »

When the fuck did Syrup become a metaphor for killing people?
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SalmonGod

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Re: The debt ceilling
« Reply #48 on: July 29, 2011, 10:10:20 pm »

Would Canada be interested in buying Minnesota then? We need the cash. And hey, they already sound kind of like you guys and have snow and stuff. We make you good deal.

Take Wisconsin, too.  Give me an easy in.
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Phmcw

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Re: The debt ceilling
« Reply #49 on: July 29, 2011, 10:25:03 pm »

Not too much derail please, let's try to keep this serious.
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mainiac

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Re: The debt ceilling
« Reply #50 on: July 30, 2011, 12:47:29 am »

Anybody remember how the GOP ran last election under the banner of reducing uncertainty?

And yet the chamber of congress "exerts pressure" on the GOP to end this by urging congress to pass the republican proposal.  Never mind actually supporting the democrats who've bent over backwards to compromise this entire time.  No, the way we do things in america is that the republicans start executing hostages and everybody else calmly asks them to stop, asking what it would take to make them happy.
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counting

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Re: The debt ceilling
« Reply #51 on: July 30, 2011, 10:18:48 am »

The past week, stock markets had voted their lack of confidence due to this stalemate, drop about 3~4% in indices world wide. From the beginning of the week, when there was still hope for a solution and it might resolve eventually, to the weekend that everyone was convinced the event would very likely happen.

Before this week, most of the news and everyone I knew (outside U.S.) were not that particularly aware the situations. But with the fall of stock price, many were made aware of it. Originally most thought it's just another political drama happens in the U.S. But now it's made everyone think twice about investing their money. (Even European debts are as skew as U.S.)

As one of the residents lives in the unfortunately heavy U.S foreign debtors in Asia - China, Japan, Taiwan, Hong-Kong. (Number 1, 2, 5, 6). We do feel the weight of the pressure when some governments may not pay their debt on time. And remember that we lent those money to you Americans and other European governments to spend.
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Nadaka

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Re: The debt ceilling
« Reply #52 on: July 30, 2011, 10:30:26 am »

Counting: Unless the US government is overthrown, our debtors will be payed, it is required by law. However the American people are going to suffer that much more for it.
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counting

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Re: The debt ceilling
« Reply #53 on: July 30, 2011, 10:54:38 am »

Counting: Unless the US government is overthrown, our debtors will be payed, it is required by law. However the American people are going to suffer that much more for it.

Old debts - Interests payment should be guaranteed, but the principal payment could be delayed, considered 30% of bills and notes will matured within 1 year. It's about 30% of debts hold by public - which is about 3 trillions. I doubt it can be paid in time if the debt ceiling remained. (No borrowed new debts to pay the old debts), most likely they will be delayed. (In a way to avoid real default, a tactical way to avoid it)

And its just old debts, whether or not we Asian countries still want to lend cheap new debts will be in doubts anyway. Hence domestic debtors and debts with in U.S should increase.
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Currency is not excessive, but a necessity.
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Nelson and Winter:
The challenge to an evolutionary formation is this: it must provide an analysis that at least comes close to matching the power of the neoclassical theory to predict and illuminate the macro-economic patterns of growth

RedKing

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Re: The debt ceilling
« Reply #54 on: July 30, 2011, 10:59:22 am »

That's the fun part. Foreign and institutional investors/bondholders will get the first cut, followed by mission-critical institutions such as military and law enforcement, transportation, etc. It's everything after that that becomes a big question mark.

If this fully plays out as it looks like it's going to, here's the kicker: When Joe Six-Pack is complaining to his local Tea Party douchbag representative that "We done quit getting mah disability check, and Lurleen cain't go to the free clinic no more", I can guarantee you...GUARANTEE...that they will not connect the dots. And the Republicans will begin pointing to that repayment of foreign debt and start trying to invoke xenophobia.

"See! Obama and the Democrats hate America so much, that they keep paying {scary hands}the Chinese{/scary hands} when we're broke, but won't spare any money to help the disabled and poor."

Match a new tide of xenophobia in the US of A against a new tide of jingoistic nationalism in the PR of C, and.....yeah. It doesn't look good.
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Re: The debt ceilling
« Reply #55 on: July 30, 2011, 11:19:33 am »

And that is why I hope that Obama grows the pair of balls that he has been lacking since he got elected and unilaterally raises the debt ceiling.
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Take me out to the black, tell them I ain't comin' back...
I don't care cause I'm still free, you can't take the sky from me...

I turned myself into a monster, to fight against the monsters of the world.

Maggarg - Eater of chicke

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Re: The debt ceilling
« Reply #56 on: July 30, 2011, 11:21:36 am »

That's the fun part. Foreign and institutional investors/bondholders will get the first cut, followed by mission-critical institutions such as military and law enforcement, transportation, etc. It's everything after that that becomes a big question mark.

If this fully plays out as it looks like it's going to, here's the kicker: When Joe Six-Pack is complaining to his local Tea Party douchbag representative that "We done quit getting mah disability check, and Lurleen cain't go to the free clinic no more", I can guarantee you...GUARANTEE...that they will not connect the dots. And the Republicans will begin pointing to that repayment of foreign debt and start trying to invoke xenophobia.

"See! Obama and the Democrats hate America so much, that they keep paying {scary hands}the Chinese{/scary hands} when we're broke, but won't spare any money to help the disabled and poor."

Match a new tide of xenophobia in the US of A against a new tide of jingoistic nationalism in the PR of C, and.....yeah. It doesn't look good.



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Nadaka

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Re: The debt ceilling
« Reply #57 on: July 30, 2011, 11:23:54 am »

That's the fun part. Foreign and institutional investors/bondholders will get the first cut, followed by mission-critical institutions such as military and law enforcement, transportation, etc. It's everything after that that becomes a big question mark.

If this fully plays out as it looks like it's going to, here's the kicker: When Joe Six-Pack is complaining to his local Tea Party douchbag representative that "We done quit getting mah disability check, and Lurleen cain't go to the free clinic no more", I can guarantee you...GUARANTEE...that they will not connect the dots. And the Republicans will begin pointing to that repayment of foreign debt and start trying to invoke xenophobia.

"See! Obama and the Democrats hate America so much, that they keep paying {scary hands}the Chinese{/scary hands} when we're broke, but won't spare any money to help the disabled and poor."

Match a new tide of xenophobia in the US of A against a new tide of jingoistic nationalism in the PR of C, and.....yeah. It doesn't look good.



But... But... I have not started my weapons and canned food stockpile yet!
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Take me out to the black, tell them I ain't comin' back...
I don't care cause I'm still free, you can't take the sky from me...

I turned myself into a monster, to fight against the monsters of the world.

Maggarg - Eater of chicke

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Re: The debt ceilling
« Reply #58 on: July 30, 2011, 11:27:42 am »

That's the fun part. Foreign and institutional investors/bondholders will get the first cut, followed by mission-critical institutions such as military and law enforcement, transportation, etc. It's everything after that that becomes a big question mark.

If this fully plays out as it looks like it's going to, here's the kicker: When Joe Six-Pack is complaining to his local Tea Party douchbag representative that "We done quit getting mah disability check, and Lurleen cain't go to the free clinic no more", I can guarantee you...GUARANTEE...that they will not connect the dots. And the Republicans will begin pointing to that repayment of foreign debt and start trying to invoke xenophobia.

"See! Obama and the Democrats hate America so much, that they keep paying {scary hands}the Chinese{/scary hands} when we're broke, but won't spare any money to help the disabled and poor."

Match a new tide of xenophobia in the US of A against a new tide of jingoistic nationalism in the PR of C, and.....yeah. It doesn't look good.



But... But... I have not started my weapons and canned food stockpile yet!
I have so much tinned soup I could build a bomb-proof bunker from the cans.
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Aklyon

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Re: The debt ceilling
« Reply #59 on: July 30, 2011, 11:28:14 am »

I haven't either!
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