Donald Trump is floating an insane idea that would tank the American economy

[Papageorgio]

I trust Trump to know how to make us prosper.

Amazing.

And you think Clinton does? Face it we have to really bad front runners.

 

[theDoctorisIn]

I trust Trump to know how to make us prosper.

Amazing.

And you think Clinton does? Face it we have to really bad front runners.

I'm not disagreeing with you that we have two really bad frontrunners, but the idea that any President can magically "make us prosper" is just hilarious to me.

 

[Papageorgio]

I trust Trump to know how to make us prosper.

Amazing.

And you think Clinton does? Face it we have to really bad front runners.

I'm not disagreeing with you that we have two really bad frontrunners, but the idea that any President can magically "make us prosper" is just hilarious to me.

I agree, we are in serious financial trouble, and no President is going stop where we are heading.

 

[theDoctorisIn]

I trust Trump to know how to make us prosper.

Amazing.

And you think Clinton does? Face it we have to really bad front runners.

I'm not disagreeing with you that we have two really bad frontrunners, but the idea that any President can magically "make us prosper" is just hilarious to me.

I agree, we are in serious financial trouble, and no President is going stop where we are heading.

I don't think we're in that serious financial trouble at all.

 

[Papageorgio]

I trust Trump to know how to make us prosper.

Amazing.

And you think Clinton does? Face it we have to really bad front runners.

I'm not disagreeing with you that we have two really bad frontrunners, but the idea that any President can magically "make us prosper" is just hilarious to me.

I agree, we are in serious financial trouble, and no President is going stop where we are heading.

I don't think we're in that serious financial trouble at all.

Mounting government debt, mounting financial by consumers. The only ones that are strong are businesses because they are hoarding cash.

 

[S.J.]

The total debt is increasing because we keep selling more Treasury instruments - and people keep buying them.

Then we're not paying it off, are we, idiot? Does this look like it'a going down?

U.S. National Debt Clock : Real Time

 

[S.J.]

I trust Trump to know how to make us prosper.

Amazing.

And you think Clinton does? Face it we have to really bad front runners.

I'm not disagreeing with you that we have two really bad frontrunners, but the idea that any President can magically "make us prosper" is just hilarious to me.

I agree, we are in serious financial trouble, and no President is going stop where we are heading.

I don't think we're in that serious financial trouble at all.

No, of course not. Not until Trump is sworn in.

 

[theDoctorisIn]

Amazing.

And you think Clinton does? Face it we have to really bad front runners.

I'm not disagreeing with you that we have two really bad frontrunners, but the idea that any President can magically "make us prosper" is just hilarious to me.

I agree, we are in serious financial trouble, and no President is going stop where we are heading.

I don't think we're in that serious financial trouble at all.

No, of course not. Not until Trump is sworn in.

No, I'm not particularly worried about Trump, either. He's not going to be able to get anything done at all, should hell freeze over and he wins the election.

 

[Vandalshandle]

Maybe we don't need another $19 billion aircraft carrier, and 263 foreign military bases.....

 

[DigitalDrifter]

I don't get it , a goono thread that's not celebrating the extinction of the white race ?

 

[couch protester]

Maybe we don't need another $19 billion aircraft carrier, and 263 foreign military bases.....

No, we just need another 19 million foreigners and not another 263 walls.

 

[Papageorgio]

And you think Clinton does? Face it we have to really bad front runners.

I'm not disagreeing with you that we have two really bad frontrunners, but the idea that any President can magically "make us prosper" is just hilarious to me.

I agree, we are in serious financial trouble, and no President is going stop where we are heading.

I don't think we're in that serious financial trouble at all.

No, of course not. Not until Trump is sworn in.

No, I'm not particularly worried about Trump, either. He's not going to be able to get anything done at all, should hell freeze over and he wins the election.

Just like Obama couldn't get anything done, except that enraged democrats.

 

[theHawk]

Thankfully this guy will never be president




Donald Trump has said he will approach financing the US government as if it's one of his failing casinos.

He said on CNBC on Thursday that as president he would find ways to renegotiate the public debt and pay less than 100 cents on the dollar if the economy went bad.

"I've borrowed knowing that you can pay back with discounts," he said. "I would borrow knowing that if the economy crashed, you could make a deal."

Some corporate finance deals really do work like this: You issue risky debt, and the lenders know you might not be able to pay them back in full if something really bad happens. But that kind of debt bears a high interest rate, because the lenders know you might not be able to pay them back in full if something really bad happens.

US Treasury bonds have very low interest rates because investors are extremely confident they will be paid in full, even in poor economic conditions. Trump — by openly saying that he would keep partial payment on the table as an option — could spark a crisis in the Treasury markets if he became president. Investors would cease to see Treasurys as a safe asset, and they would demand higher interest rates in exchange for risk.

Donald Trump is floating an insane idea that would tank the American economy

You're right. Let's elect Hildabeast and drive the debt up another 10 trillion dollars.

 

[theDoctorisIn]

I'm not disagreeing with you that we have two really bad frontrunners, but the idea that any President can magically "make us prosper" is just hilarious to me.

I agree, we are in serious financial trouble, and no President is going stop where we are heading.

I don't think we're in that serious financial trouble at all.

No, of course not. Not until Trump is sworn in.

No, I'm not particularly worried about Trump, either. He's not going to be able to get anything done at all, should hell freeze over and he wins the election.

Just like Obama couldn't get anything done, except that enraged democrats.

It enraged some democrats.

Is it going to "enrage" you when both sides shut Trump the fuck down on day one?

 

[Papageorgio]

I agree, we are in serious financial trouble, and no President is going stop where we are heading.

I don't think we're in that serious financial trouble at all.

No, of course not. Not until Trump is sworn in.

No, I'm not particularly worried about Trump, either. He's not going to be able to get anything done at all, should hell freeze over and he wins the election.

Just like Obama couldn't get anything done, except that enraged democrats.

It enraged some democrats.

Is it going to "enrage" you when both sides shut Trump the fuck down on day one?

Why would it enrage me?

 

[theDoctorisIn]

I don't think we're in that serious financial trouble at all.

No, of course not. Not until Trump is sworn in.

No, I'm not particularly worried about Trump, either. He's not going to be able to get anything done at all, should hell freeze over and he wins the election.

Just like Obama couldn't get anything done, except that enraged democrats.

It enraged some democrats.

Is it going to "enrage" you when both sides shut Trump the fuck down on day one?

Why would it enrage me?

I don't know. You're the one who brought it up.

 

[EverCurious]

"Credit rating is issued by a credit rating agency (CRA). A credit rating assigned to U.S. sovereign debt is an expression of how likely the assigning CRA thinks it is that the U.S. will pay back its debts. A credit rating assigned to U.S. sovereign debt also influences the interest rates the U.S. will have to pay on its debt; if its debt holders know the debt will be paid back, they do not have to price the chance of default into the interest rate. However, it should be noted that these ratings sometimes measure different things; for instance Moody's considers the expected value of the debt in the event of a default in addition to the probability of default.[4] Some lenders also have contractual requirements only to hold debt above a certain credit rating."

"S&P considered the government budget deficit of more than 11 percent of gross domestic product (GDP), and net government debt rising to about 80 percent or more of GDP by 2013, to be high relative to other "AAA" countries.[10] According to S&P, meaningful progress towards balancing the budget would be required to move the U.S. back to a "stable" outlook.[5] The S&P press release stated: "We believe there is a material risk that U.S. policymakers might not reach an agreement on how to address medium– and long-term budgetary challenges by 2013; if an agreement is not reached and meaningful implementation is not begun by then, this would, in our view, render the U.S. fiscal profile meaningfully weaker than that of peer 'AAA' sovereigns."

S&P was direct in its criticism of the governance and policy-making process, which took the U.S. to the brink of default as part of the 2011 U.S. debt-ceiling crisis that same week:

• "More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011. Since then, we have changed our view of the difficulties in bridging the gulf between the political parties over fiscal policy, which makes us pessimistic about the capacity of Congress and the Administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government's debt dynamics any time soon."[15]

• "The political brinksmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy. Despite this year's wide-ranging debate, in our view, the differences between political parties have proven to be extraordinarily difficult to bridge, and, as we see it, the resulting agreement fell well short of the comprehensive fiscal consolidation program that some proponents had envisaged until quite recently. Republicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures. It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability."[15]

Although none of the Big Three took any downgrade action in 2012, Egan-Jones downgraded twice further. After its initial rating cut on July 16, 2011 from AAA to AA+, Egan-Jones cut its rating a second time on April 5, 2012 from AA+ to AA "because of the lack of any tangible progress on addressing the problems and the continued rise in debt to GDP."[31] On September 14, 2012, Egan-Jones cut its rating a third time from AA to AA-, the lowest of what is considered "high grade", as a reaction to QE3.

----

Now, ahead back and read what I had wrote again, consider how shits going to play out in the next four years no matter /who/ we elect this year, and tell me again how "wrong" I am on this, feel free to tell me I'm "fear-mongering" heh The real world, the folks who actually run things, reads the US a lot like I am, not your unicorn fart opinions of how things are going.

Options? We can play the same damn games we always do in the US;

Pretend its "not fair"? ~ "Both Democratic and Republican politicians criticized S&P's decision, as well as placing blame with the other party. Few blamed themselves despite bi-partisan Congressional responsibility for passing budget deficits from 2002 onward[16] and significant deficits for the 2012–2021 periods in U.S. President Barack Obama's 2012 federal budget."

Pretend it was "cheating"? ~ "Two weeks after the August, 2011 S&P downgrade, SEC and Department of Justice announced that S&P was under investigation. Columnist Bob Sullivan of NBC News asked if "the ratings downgrade from Standard & Poor’s [could] be viewed as a shot back at a government that's been taking plenty of shots at the ratings industry lately."[36] And two years later in 2013, S&P "blasted a $5 billion fraud lawsuit by the U.S. government as retaliation for its 2011 decision to strip the country of its AAA credit rating."[37]

'Force' them to breath the unicorn farts? ~ "Two weeks after the second downgrade by Egan-Jones in April 2012 to AA, the SEC voted to bring administrative action against that firm regarding years-old activity. Mr. Egan said at the time, "We are not going to be intimidated by anybody from issuing timely, accurate ratings."[38] After Egan-Jones agreed to a settlement in 2013, the SEC director Robert Khuzami said in a press release, "EJR and Egan's misrepresentation of the firm's actual experience rating issuers of asset-backed and government securities is a serious violation that undercuts the integrity of the SEC's NRSRO [Nationally Recognized Statistical Rating Organization] registration process."[39] In response, a Fox Business Network editor raised the question of "government retaliation" and an Egan-Jones spokesman issued a non-apology apology stating that the "SEC settlement lets us focus on what we do best—producing the most accurate and independent ratings in the business."[40]

----

And exactly how long can we play this game? Forever? While we quadruple our debt and literally beat each other up in the streets over political differences and fucking bathroom policies?

Hey I hope I'm wrong, I'm almost done completely remodeling my house so I'd rather not move, I really do hope that the idiots in DC can get their shit straight and actually do what's best for the country (on all matters too, not just finances) but frankly I'm not holding my breath for any of them. Politicians are scum, our political parties are scum, and our people are scum.

It's /always/ been just a matter of how long we can keep our dress clean for the international camera, and frankly over the past 10 years or so, we got cocky and decided to roll around in the mud for everyone in the damn world to see. They're either watching us with a horrified expression or they have that look in a wolves eyes before he takes down his dinner. The only foreign powers who "don't care" are the ones on the brink of destruction themselves - following us down ya know, because /we/ were supposed to be the example for the world, the height of modern civilized society, the best, the brightest, the most independent and free nation in the world. We're currently a joke to all that the rest of the world looked up to us for - a heaping pile of shit, full of shitty politics, and even shittier people. We no longer deserve to be role models of the world, and I guarantee you I am not the only one seeing this.

Hell, idk, I'll give you an out, maybe I'm just pissed off because I got sucked into a 2007 George Carlin thing where he completely shredded our American stupidity to hell last night, and I realized it's only gotten like thirty times worse since then :/

 

[Vandalshandle]

When the Cliff Notes of the above post comes out, please let me know, and I will read it. In the mean time, my portfolio just keeps getting bigger and bigger, so I might as well take another cruise...

 

[EverCurious]

I was planning to do one of those EU Viking River cruises this summer, but their shit hit the wind so I'm postponing until they settle down. I've been pondering Russia instead (with Putin in the news so much lately); I've always wanted to see Moscow, so much history that ties to my upbringing on the front lines of the Cold War and every show I've watched on their architecture is amazing.

 

[blastoff]

Do you have any words or opinion of your own, or are you a mindless parrot?

Why would you even have to ask?