 tobyvictory
Male, 70 & Over, Asia
 412 Posts
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Thursday, March 22, 2012 9:16:17 AM
The debt is an issue only during election cycles. All sides blaming the others. Other times mums the word. Except for teabaggers like this douche! |
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 airsofter1
Male, 18-29, Midwest US
1089 Posts
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Thursday, March 22, 2012 12:43:29 AM
obama: bitch please |
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 HalfPintRoo
Female, 18-29, Eastern US
2033 Posts
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Wednesday, March 21, 2012 8:57:57 PM
dang007--- so we should do nothing? |
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 AntEconomist
Male, 40-49, Eastern US
171 Posts
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Wednesday, March 21, 2012 8:47:32 PM
@wiscesq: 10 years ago, you'd have an argument. To take advantage of lower short term rates, the treasury has been rolling long term debt over to short term debt. The result is that the government debt is now highly exposed to short term interest rate changes. |
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 wiscesq
Male, 30-39, Midwest US
49 Posts
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Wednesday, March 21, 2012 8:24:06 PM
The national debt is too high and is unfair to children and future generations, but this guy's analysis is simply wrong. While the government does refinance its debt to take advantage of decreasing interest rates, there is simply no reason it would refinance its entire debt if interest rates were increasing. New debt might be borrowed at the higher rate, but the interest expenses on the entire existing debt would not go up. If your mortgage rate was 5%, and the market went up to 7%, would you refinance your mortgage at the higher rate?
Neither would the government. |
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 apedrana
Male, 18-29, Australia
141 Posts
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Wednesday, March 21, 2012 5:31:08 PM
How did you get into this much debt again? |
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 5Cats
Male, 40-49, Canada
16924 Posts
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Wednesday, March 21, 2012 2:33:01 PM
See? THIS makes sense, and what is Obama doing? The OPPOSITE! That's what.
Obamacare is "funded" by a shell game: future revenue will rapidly rise, costs will drop, we'll cut other funding & etc. That's what the Dems base their projections on, and it ain't ever happened and it ain't gonna. |
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AntEconomist
Male, 40-49, Eastern US
171 Posts
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Wednesday, March 21, 2012 1:31:12 PM
@I-IS-BORED: Yes, the numbers are adjusted for inflation. On the vertical axis it says "2011 dollars". That means the figures are all in terms of today's purchasing power. |
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 CrakrJak
Male, 40-49, Midwest US
14374 Posts
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Wednesday, March 21, 2012 12:44:35 PM
Totally agree with this guy. |
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 Fatninja01
Male, 18-29, Australia
23995 Posts
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Wednesday, March 21, 2012 12:16:28 PM
Debt... means you have more stuff. And everyone likes stuff |
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dang007
Male, 30-39, Southern US
488 Posts
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Wednesday, March 21, 2012 11:23:37 AM
>>>We should do this for as many years as it takes. <<<
Sure lets see that will take Uh forever as 2.5 Billion/year does not even cover the INTEREST on the debt much less actually make a dent in the principle. Even if if all went to principle it would take, 5,600 years. Something tells me that congress might just spend it on other things at some point. |
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Ilikelogic
Male, 40-49, Europe
292 Posts
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Wednesday, March 21, 2012 11:05:46 AM
He compares US debt to US war costs?
?
?
?
Oh, this means someone thinks that stopping these wars will reduce US debt?
Oh, i misunderstood that, sorry, go on. |
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 Thdot
Male, 30-39, Eastern US
660 Posts
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Wednesday, March 21, 2012 11:03:18 AM
I don't trust this guy's haircut. |
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HalfPintRoo
Female, 18-29, Eastern US
2033 Posts
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Wednesday, March 21, 2012 10:41:21 AM
If everyone in America over the age of 18 gave $10 a year, we could pay down $2,500,000,000 dollars a year on our debt. We should do this for as many years as it takes.
(I did that math on my own, so don't whine about how wrong it is, if anything, it's a low guess)
I don't like the situation we are in, I don't like the thought of my hard earned money going to things I didn't/don't agree with, but I still feel responsible for my bills/debts and feel we need to do something about it NOW instead of watching things get worse. |
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 patchgrabber
Male, 30-39, Canada
5254 Posts
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Wednesday, March 21, 2012 9:40:23 AM
At this point, I'd buy stock in China, not USA.
Canada seems a safe bet but Europe is iffy.
The firm I get a lot of my investment advice from has been pushing "BRIC" stocks: BRazil, India, China. They have had great GDP growth, although I haven't invested new money lately, so some might not be as good right now. Doesn't matter to me as much how the stocks are doing, I still get my dividends. |
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tedgp
Male, 30-39, Europe
2926 Posts
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Wednesday, March 21, 2012 9:35:51 AM
@rpossum. FOr households sure. For governments that method of budgeting rarely, if ever works. Use google and do a bit of research. Theres plenty of sites that go into a lot of depth about it. |
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 LazyMe484
Male, 18-29, Canada
10503 Posts
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Wednesday, March 21, 2012 9:09:15 AM
Last I checked you guys still had a deficit. Good luck paying down your debt right now. |
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 Gerry1of1
Male, 50-59, Western US
25591 Posts
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Wednesday, March 21, 2012 8:58:17 AM
At this point, I'd buy stock in China, not USA.
Canada seems a safe bet but Europe is iffy.
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 heresjonny
Male, 13-17, Europe
105 Posts
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Wednesday, March 21, 2012 8:57:55 AM
Ron paul |
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 Draculya
Male, 30-39, Asia
6298 Posts
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Wednesday, March 21, 2012 8:47:15 AM
Any person or institution that lends to an over burdened, under provisioned government in an inflationary bear market at 3% needs to have its head examined. |
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 I-IS-BORED
Male, 18-29, Canada
2432 Posts
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Wednesday, March 21, 2012 8:27:54 AM
Did he scale those war expenses to current dollars at all? He never said... |
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Doctor_M
Male, 18-29, Midwest US
9 Posts
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Wednesday, March 21, 2012 8:27:10 AM
It was so nice to watch a video that talked about government without party leanings. Give that man a cookie |
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 RPossum
Male, 30-39, Canada
840 Posts
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Wednesday, March 21, 2012 8:18:40 AM
Bottom line a responsible government\bank\household needs to never spend more than they make excluding cases of emergency, such as defense or natural disaster. |
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RPossum
Male, 30-39, Canada
840 Posts
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Wednesday, March 21, 2012 8:17:21 AM
yup |
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FoSchizle
Male, 18-29, Eastern US
294 Posts
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Wednesday, March 21, 2012 8:10:18 AM
Hey! An economic post without an obscene liberal spin made it on I-A-B!
It's scary what the truth holds, huh? |
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