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Only an Idiot would think we can borrow our way into prosperity..................Well, dipshit, lets see if you are capable of understanding anything. First, the percent of the gdp that existed in 1946 was 127%. Today, we are at about 101%. So, you say that is only 6% different. See the problem yet, me boy.ONE year at the height of borrowing to fight a WORLD WAR....and then only by a measly 6%...it's you who should be embarrassed....it took you what 3 days to find that flimsy shit? Pitiful little leftists grabbing at (soda) straws because they drink like women same as their guru BarryOh.
As I suggested, you need to find a remedial math class. You really need to take my recommendation. Because, me poor ignorant con, you are making a fool of your self.
So, you adamantly stated that I was nuts for not knowing that the current national debt to gdp rate was not the highest ever. Now you are misquoting the source I provided you and missing the actual difference by about 20%.
See why we worry about you, bull. We worry because you are obviously on the loose, and you are obviously mentally ill.
Then there was the math suggesting that it took me three days to find a link. In fact, it took less than 2 minutes to find the link, dipshit. Hardly a task. That you think it would be again shows your lack of brain activity.
You see, dipshit, I knew about the national debt, and when it had been at it's highest. And I knew, as you are unwilling to consider, that it did not cause a problem of any kind with the economy.
Now, you just made the statement that the increase in the national debt was because of borrowing. It was not, of course. It was mostly due to SPENDING.
Maybe if you took your head out of your ass and spent a little time looking at impartial data, you could actually learn something. Though I seriously doubt that you have the mental capacity.
Only an Idiot would think we can borrow our way into prosperity..................
We are 395 BILLION in interest payments on the debt this year..........
Unfunded Liabilities will put us on permanent deficits of at least a TRILLION A YEAR BY 2020.....
Every year the CBO, GAO, and quite frankly the entire world TELLS US THIS IS UNSUSTAINABLE....................
And nobody listens, to our economic doom we go, as we are turning our paper currency into TOILET PAPER.
hyperinflation has not occurred...hyperinflation has never happened
,...you do not want to see the wealthy pay any taxes. The fact that they pay some seems to have you upset. But they will pay more in the future
You just listed a couple of economic theories that are about as popular today as a fart in church.
You seem to be suggesting MORE debt is the answer. Don't buy it, never will. Jefferson knew better. You don't.
Funny. You keep taking quotes selectively from a hundred fifty years ago or more, and pretending like it is the gospel today.
Now, another of your heroes certainly agreed with me. When he pushed the unemployment rate to over 10.8%, and saw the deficit shoot up like a rocket, he pushed those policies of stimulus spending, funded by massive borrowing and major tax increases. And what do you know. the government grew in size substantially. AND the economy improved substantially. So, I will match your jefferson and raise you a reagan.
Now, do you want to show me a time when the economy was bad based on high unemployment where decreasing spending made the economy better?? I keep asking you. Just hear crickets
hyperinflation has not occurred...hyperinflation has never happened
Gee thee a history book...one that isn't limited to the Progressive era written by a Progressive to be read by Progressives.
,...you do not want to see the wealthy pay any taxes. The fact that they pay some seems to have you upset. But they will pay more in the future
Wanna bet?
Ah yes, the Progressive ideal of stealing from the most productive citizens in order to fund your largess. What could be wrong with that? Of course, your little tax the rich plan is working so beautifully in those European countries sinking into oblivion...
"Boy" bands are really popular too...and they also suck.
Milton Friedman's quotes are not from 150 years ago.
Now, another of your heroes certainly agreed with me. When he pushed the unemployment rate to over 10.8%, and saw the deficit shoot up like a rocket, he pushed those policies of stimulus spending, funded by massive borrowing and major tax increases. And what do you know. the government grew in size substantially. AND the economy improved substantially. So, I will match your jefferson and raise you a reagan.
Not a Reagan fan. Spent like a Progressive and a gun grabber. Oh my, another fuck up on you!
Now, do you want to show me a time when the economy was bad based on high unemployment where decreasing spending made the economy better?? I keep asking you. Just hear crickets
False assumption. The economy is not bad "based on high unemployment". The economy is bad based on government spending, taxation and meddling in free markets. High unemployment is a result of that central planning.
I reject your insistence that more debt and more taxation is the answer to economic woes. Free markets and free minds have always produced superior results compared to central planners that are just sure they know what's best for all.
As you well know, it is not necessary to read a history book to look at whether hyperinflation has ever occured after large deficits, or national debt increases. Lots of government numbers to check that out and be completely sure. So, me boy, you are simply delusional. Or lying. Because those times in history do not exist.Gee thee a history book...one that isn't limited to the Progressive era written by a Progressive to be read by Progressives.
Another dodge. The rest of the world is suffering from the same exact problem that we are still suffering from. Mostly bank failures. Not overtaxing. But, for the same reason as we, we are suffering from our own form of austerity, they are suffering from austerity forced on them. Well known. Fully accepted by the economic community.Ah yes, the Progressive ideal of stealing from the most productive citizens in order to fund your largess. What could be wrong with that? Of course, your little tax the rich plan is working so beautifully in those European countries sinking into oblivion...
Nope. Never said more debt helped. But it has never hurt. Again, read your history. Maybe you can show when increased debt hurt a bad economy with high unemployment.You seem to be suggesting MORE debt is the answer. Don't buy it, never will. Jefferson knew better. You don't.
And, me boy, you did not use quotes from milton.Milton Friedman's quotes are not from 150 years ago.
Not a Reagan fan. Spent like a Progressive and a gun grabber. Oh my, another fuck up on you!
False assumption. The economy is not bad "based on high unemployment". The economy is bad based on government spending, taxation and meddling in free markets. High unemployment is a result of that central planning.
I reject your insistence that more debt and more taxation is the answer to economic woes.
Imminent hyperinflation has been predicted nonstop for at least the past 40 years. Why should anyone believe the latest predictions are any more accurate?
Imminent hyperinflation has been predicted nonstop for at least the past 40 years. Why should anyone believe the latest predictions are any more accurate?
Me poor ignorant con tool, you need to determine who sets interest rates. Everyone knows, except apparently you, that the FED sets the interest rates. And the federal funds rates were set by the fed, under Fed Chairman Volker, during the 1970's and 1980's. You need to start sending me money. I get so tired from trying to educate you.Imminent hyperinflation has been predicted nonstop for at least the past 40 years. Why should anyone believe the latest predictions are any more accurate?
Remember the 21% interest rates during the Peanut years '77-'80? It's why Jimmy's dollar coin was called the "Carter Quarter".
Me poor ignorant con tool, you need to determine who sets interest rates. Everyone knows, except apparently you, that the FED sets the interest rates. And the fed rates were set by the fed, under Fed Chairman Volker, during the 1970's and 1980's. You need to start sending me money. I get so tired from trying to educate you.
By the way, those rates were over 11% to around 16% in late 1980 and 1981, before lowering. Again due to the actions of the FED. Not Carter. Not Reagan.
Paul Volcker - Wikipedia, the free encyclopedia
By the way, me boy, the issue was inflation rates, NOT interest rates. Sorry you are so confused.
Odd. Seems that you missed completely what I said. I did not say that Volker was an ass hole. Never thought that. He was a brilliant man, though I did not agree with all of his policies. The problem he was addressing was stagflation, which was a new economic phenomenon. Your blaming it on Keynesian policies is quaint. And typical for a con. The factors that created the problem are varied and argued still by economists of good intent. But Keynesian economics simply did not have a good answer to the problem. It was NOT the problem. Modification to Keynesian theory creating great interest in new economic theories including New-Keynesian theory and Post-Keynesian theory.Me poor ignorant con tool, you need to determine who sets interest rates. Everyone knows, except apparently you, that the FED sets the interest rates. And the fed rates were set by the fed, under Fed Chairman Volker, during the 1970's and 1980's. You need to start sending me money. I get so tired from trying to educate you.
By the way, those rates were over 11% to around 16% in late 1980 and 1981, before lowering. Again due to the actions of the FED. Not Carter. Not Reagan.
Paul Volcker - Wikipedia, the free encyclopedia
By the way, me boy, the issue was inflation rates, NOT interest rates. Sorry you are so confused.
Ah, that must be why they spoke of stagflation....
Oh, and the Volker monetary policy was just because Paul was an asshole, right? He wasn't attempting to stem the bleeding from the disaster that was the Nixon-Ford-Carter Keynesian orgy, right?
Once again the OP embarrasses himself with his astounding ignorance.
The Long Story of U.S. Debt, From 1790 to 2011, in 1 Little Chart - Matt Phillips - The Atlantic
Only an Idiot would think we can borrow our way into prosperity..................Well, dipshit, lets see if you are capable of understanding anything. First, the percent of the gdp that existed in 1946 was 127%. Today, we are at about 101%. So, you say that is only 6% different. See the problem yet, me boy.
As I suggested, you need to find a remedial math class. You really need to take my recommendation. Because, me poor ignorant con, you are making a fool of your self.
So, you adamantly stated that I was nuts for not knowing that the current national debt to gdp rate was not the highest ever. Now you are misquoting the source I provided you and missing the actual difference by about 20%.
See why we worry about you, bull. We worry because you are obviously on the loose, and you are obviously mentally ill.
Then there was the math suggesting that it took me three days to find a link. In fact, it took less than 2 minutes to find the link, dipshit. Hardly a task. That you think it would be again shows your lack of brain activity.
You see, dipshit, I knew about the national debt, and when it had been at it's highest. And I knew, as you are unwilling to consider, that it did not cause a problem of any kind with the economy.
Now, you just made the statement that the increase in the national debt was because of borrowing. It was not, of course. It was mostly due to SPENDING.
Maybe if you took your head out of your ass and spent a little time looking at impartial data, you could actually learn something. Though I seriously doubt that you have the mental capacity.
Only an Idiot would think we can borrow our way into prosperity..................
We are 395 BILLION in interest payments on the debt this year..........
Unfunded Liabilities will put us on permanent deficits of at least a TRILLION A YEAR BY 2020.....
Every year the CBO, GAO, and quite frankly the entire world TELLS US THIS IS UNSUSTAINABLE....................
And nobody listens, to our economic doom we go, as we are turning our paper currency into TOILET PAPER.
No body suggested that you could borrow your way into prosperity. However, that crazy idiot Reagan did it. Borrowed more than all of the preceeding presidents combined, and increased taxes 11 times after taking the economy to the point where the unemployment rate was over 10.8% (Second highest and surpassed only during the great republican depression of 1929. And SPENT stimulatively at a very high rate. Increased the size of the fed government substantially. And had a good economy as a result.
We are 395 BILLION in interest payments on the debt this year..........
Yes. You must be so happy with the obama economic team. They have brought the level of the annual payment on the national debt to just about exactly where it was when BUSH 2 ENTERED OFFICE in 2001. And way, way down from the last year of the Bush years, 2008, when it had ballooned to $451,154,049,950.63. And the cbo sees it continuing to decrease over the next years. That is the point you were trying to make, right???
Government - Interest Expense on the Debt Outstanding
Unfunded Liabilities will put us on permanent deficits of at least a TRILLION A YEAR BY 2020.....
Well, that is what all of the bat shit crazy con web sites say. Not what the impartial sites say. Must tell us where you spend your time. But, unfunded liabilities are are simple enough. You fund them, at some point. It is no real problem.
Every year the CBO, GAO, and quite frankly the entire world TELLS US THIS IS UNSUSTAINABLE....................
No, they do not. And the entire world, frankly, just keeps buying our gov bonds with no problem at all.
And nobody listens, to our economic doom we go, as we are turning our paper currency into TOILET PAPER.
Uh, the rest of the world seems to totally disagree with you. As does nearly every economist in the world. So, apparently you think we should believe you because..........Actually, there is NO reason to believe you.
Me poor ignorant con tool, you need to determine who sets interest rates. Everyone knows, except apparently you, that the FED sets the interest rates. By the way, me boy, the issue was inflation rates, NOT interest rates. Sorry you are so confused.
A genuine marine would be man enough to admit that he was wrong.
....We both know that without the mileage of the internet between you and me you'd have been long gone by now.
....We both know that without the mileage of the internet between you and me you'd have been long gone by now.
What are you implying, Joe?
Wow, you do love ronnie, don't you. Sorry to hurt your feelings. I love no president, and have a basic distrust of politicians in general. Reagan inherited a mildly bad economy. The unemployment (ue) rate was about 7.4%. He lowered taxes greatly, stopped as much gov spending as possible, and the ue rate went to 10.8% in about 19 months. And the debt, which he was also concerned about, went way, way up. So, that would be a major problem, a much worse economy than he inherited. Unless, of course, he wanted a recession. I mean, me boy, saying that the second worst ue rate in the history of the us is a winning move just does not pass the giggle test.You Lie........ Reagan received an economy from hell from Carter and turned it around. Unlike your boy Obama. Reagan rebuilt the military as it was in disrepair. Yes he spent a lot of money, but SO HAS OBAMA and the recovery shit.........And still our economy is in the dumps.
Never before has so much been spent, to achieve so little. Our economy is still not recovering, and Obamacare is making it worse.
First, I have to say, I am not your buddy. I prefer to have buddies that have class. You have none.Comparing to the debt. I've got news for you buddy. As I've already said, they've been cooking the books all year which is why they are asking for a TRILLION plus budget for 2 months, TO PAY OFF THE COOKED BOOKS.
I am sure you believe that, me boy. The deficit is decreasing. At record rates. And the interest on the debt is decreasing, dropping below prior rates. Next.We will see 400 to 600 BILLION IN DEBT AFTER THE Trillion.
Wow. Let the delusion go wild. You are simply proving you are a nut case. Good for you.Look here people......................Our debt is down.............Aren't we great......Rah Rah Rah..............Ummmm assholes, manipulating the bills to pay it late to say it's great is BS.
Unfunded Liabilities aren't a problem. You pay them.
Hey you IGNORANT LIBERAL ASSHOLE, we aren't paying SHIT. We are paying the bills with FIAT CURRENCY. And of course people like you say it doesn't matter. It matters for our currency value which is dropping to the Yuan. It matters when you purchase something in stores, and the people know this.
POP QUIZ ASSHOLE...........If we can just print money and it doesn't mean anything.......................PRINT 12 TRILLION TOMMORROW from the Federal Reserve and pay off the debt..................
It doesn't matter right.............Doesn't affect anything......................
Bonds, more debt. No worries. Let's spend more.
You refuse to face Reality. Which is by nature normal for a wacked Lib.
Uh, yeah. That bull guy is really scary, in his own mind. Funny. Kind of like dealing with a high school bully. Except he does not have the knowledge of the average high school student. Poor ignorant guy.....We both know that without the mileage of the internet between you and me you'd have been long gone by now.
What are you implying, Joe?
Look, whoever this "Joe" guy is, you need to get over him....He's moved on from the looks of it...what happened, did he try to charge you for an autograph or something?
Jesus, Bull.Me poor ignorant con tool, you need to determine who sets interest rates. Everyone knows, except apparently you, that the FED sets the interest rates. By the way, me boy, the issue was inflation rates, NOT interest rates. Sorry you are so confused.
The Fed sets the PRIME rate ya spaced-out jackass. Any bank can charge any rate they see fit....the PRIME is what money costs them, not you....especially not you. You'll pay the the street rate and if you miss the vig you'll be missing a kneecap. Nice chatting with you though.....I don't usually have a chance like this to interact with a senile 20 something.
