Barack Obama Wants Your Money As You Tumble From The Fiscal Cliff

Discussion in 'Economics' started by Robert A. Green, Sep 7, 2012.

  1. MKTrader

    MKTrader

    That says it all right there. A gun-hating lib who accepts a fight, gets a gun and hides hoping to put a cap in the other guy.

    Hope and change.
     
    #111     Sep 8, 2012
  2. I can barely contain my laughter. A p*ssy like you talking smack. Man, they say truth is stranger than fiction, but it's moments like this that really prove it.

    You have already demonstrated that you don't deserve a rational argument.

    See you in the streets.
     
    #112     Sep 8, 2012
  3. These libs don't understand that the rest of us aren't their mommies or their grade-school teachers, telling them that every little poopie they do is wonderful. A lot of us just want them to disappear, by any means necessary.

    Not that I'm saying you want that. I don't want to put words into your mouth. But I know I want it.
     
    #113     Sep 8, 2012
  4. piezoe

    piezoe

    If it is any comfort to you, I don't agree with Free Thinker when he/she suggests that you are not very bright. You seem very intelligent to me, but also very young and naive. High sovereign debt is something to be avoided. But it is a little too late for that isn't it? Where were you when Bush was championing what would become a three to four trillion commitment in Iraq and Afghanistan and at the same time agreeing to an intentional reduction in revenues?

    Unlike individuals, a government that controls its own fiat currency can not go bankrupt. It can create run-a-way inflation however. Though real inflation in the U.S. is much higher than the government says it is, it is a long way from being out of control. If the government wants to successfully use Keynes approach for lifting a country out of recession, it is going to have to spend even more. But spending priorities must, of course, be carefully selected. In the end, you have to be able to recover your investment in one form or another.
     
    #114     Sep 8, 2012
  5. Look, I've been paid over 6 figures at every job I've had for the past 8 years. If you think I need some jackhole on a random website to tell me I'm "smart", think again. The fact that someone was willing to pay me 4X the US median income for my labor already tells me all I need to know about my intellect.

    Can you say the same?

    Obama isn't "investing", he's paying off his union voters and green energy cronies. Wake the f up.
     
    #115     Sep 8, 2012
  6. MKTrader

    MKTrader

    Nope. "Good" Keynesian investments are still robbing Peter to pay Paul, and giving neither what they really want.

    http://theeprovocateur.blogspot.com/2009/02/keynesian-fallacy.html

    As for the debt, we will eventually have to inflate or default. Anyone who has soberly looked at the numbers knows this. And if interest rates rise significantly, Katie bar the door...
     
    #116     Sep 8, 2012
  7. piezoe

    piezoe

    I think that explains your attitude very nicely, thank you.
     
    #117     Sep 8, 2012
  8. Yeah, it does. Being paid actual money in exchange for your labor tends to give you an objective view of where you stand in society.

    You know, because someone was willing to take real money out of their pocket to give it to you.

    As opposed to people like you who want to believe you are valuable to society, but no one will pay you. Life isn't a Disney movie where the main character's secret identity is unknown to the rest of the world and we all will regret not valuing you as highly as we should have.

    So, has anyone actually ever paid you 6 figures for a year's worth of labor or do you just delude yourself that you are worth that much?
     
    #118     Sep 8, 2012
  9. you wont see me in your streets. i dont travel in your circles. anyplace someone like you would be i would try to avoid. i am not fond of any rednecks much less smart mouthed juvenile rednecks.
     
    #119     Sep 8, 2012
  10. piezoe

    piezoe

    I don't know if you are right, and it IS robbing Peter to pay Paul. I don't know. Can't argue with that. If what you say is true, than I suppose your opinion depends on whether you are Peter or Paul.
    Is it possible that it is in Peter's best interest, in the long run, to be robbed?

    And yes, I agree, some of that debt at least will have to be monetized and that will result in inflation. I think you are about as close to 100% probability as one can get on that.

    And interest rates, well they really have not much room to go lower do they? So I would have to agree that they will go up from here, but when I don't know. Higher rates = bad for those who must borrow; good for those who can lend. Inflation = bad for those holding cash or on fixed incomes; good for those in debt.
     
    #120     Sep 8, 2012