N/C Debt Limit Explanation Made Easy

[hntwhitetail]

I got a chuckle out of this.

http://www.youtube.com/embed/Li0no7O9zmE

 

[RyanChandler]

Everyone wants 'cuts in the budget' right up until those cuts impact them personally.... then they cry.

 

[knabe]

Everyone wants 'cuts in the budget' right up until those cuts impact them personally.... then they cry.

not if they have a corresponding lower tax rate. 

 

[RyanChandler]

We need reallocation moreso than cuts.  I think people forget - or never learned- that debt isn't a bad thing.  Show me a entity w/ substantial cash reserves and Ill show you an entity w/ a grim future.  The lowest investment return is interest from a bank.

 

[knabe]

We need reallocation moreso than cuts.  I think people forget - or never learned- that debt isn't a bad thing.  Show me a entity w/ substantial cash reserves and Ill show you an entity w/ a grim future.  The lowest investment return is interest from a bank.

how do you personally reallocate your money to those in need?


apple computer has a little bit of cash as do many other companies.  their future sure seems grim.


lots of people who got liar loans had debt and that was a bad thing.  it was created by clinton, enforced by reno, attempted to curb by bush, yet barney frank and his ilk said we needed more debt.


3,2,1... glass steagal comment.


in my opinion, the 20% down should never have been reduced.  it did more to raise the cost of housing than anything else other than an exemption for interest on taxes, the very opposite effect of the stated goal, which was to increase home ownership, particularly to people who couldn't afford it, but in reality, the goal was to create artificial demand to raise property taxes to finance government.  people don't need to cry, they just need to figure it out.


SubPrime Credit Crisis Explained In A Funny Cartoon


Quantitative Easing Explained

 

[justintime]

Many of you may have heard of Rob Ford, who has been the toast of late night TV talk shows for months for his outrageous buffoon antics. I doubt if anyone in Canada is real proud of how he has messed up, but I think he has a pretty good chance to be re-elected as Mayor of Toronto in October. Why? Because he has actually done exactly what he promised to do when he ran for the position of Mayor 4 years ago. He said if he was elected he would make major cuts to the public trough and wasted expenditures from city hall. He has cut over $3 Billion ( Billion with a B) from the city expenditures so far, and the city is still moving ahead on a very positive manner. Of course, he is a buffoon in regards to his personal life, but he realizes that wasting public money is a very bad thing. I just wish some more politicians would grow some gonads when it comes to doing the right thing... rather than the popular thing. One poll a few weeks ago, showed Rob Ford still had a popularity rating of 68% of the people polled in Toronto. That is probably enough to win a second term, but lots of things can happen yet prior to an election.

I truly believe if some people are not elected before much longer, who are willing to address these debt issues without  concern for their own re-election, several county's, states, provinces and entire nations could start to slide into a situation that is non reversible, and our own greed could be the cause of our own nations demise. I hate to sound like a grumpy old man, but at some point in time this has to be addressed and stopped. Simply throwing money at a problem hardly ever solves it.

 

[RyanChandler]

We need reallocation moreso than cuts.  I think people forget - or never learned- that debt isn't a bad thing.  Show me a entity w/ substantial cash reserves and Ill show you an entity w/ a grim future.  The lowest investment return is interest from a bank.

how do you personally reallocate your money to those in need?


apple computer has a little bit of cash as do many other companies.  their future sure seems grim.


lots of people who got liar loans had debt and that was a bad thing.  it was created by clinton, enforced by reno, attempted to curb by bush, yet barney frank and his ilk said we needed more debt.


3,2,1... glass steagal comment.


in my opinion, the 20% down should never have been reduced.  it did more to raise the cost of housing than anything else other than an exemption for interest on taxes, the very opposite effect of the stated goal, which was to increase home ownership, particularly to people who couldn't afford it, but in reality, the goal was to create artificial demand to raise property taxes to finance government.  people don't need to cry, they just need to figure it out.


SubPrime Credit Crisis Explained In A Funny Cartoon


Quantitative Easing Explained

I don't personally allocate.  I live in a representative democracy and I vote for representation which -at least says to- allocate funds where I feel is most important- I would rather my tax dollars go towards healthcare for the least of Americans as to give even $1 to subsidize the production of food that ends up being exported. 

The credit rating agencies erroneously rated those securities and their derivatives as safe investments. They are to blame.  They created the artificial demand which provided banks the incentive to push the envelope.  I'm very leery of APPL.  There is almost 0% chance any of that is real cash--as in bank deposits.  Just watch, they'll continue to issue more debt. 

 

[RyanChandler]

I truly believe if some people are not elected before much longer, who are willing to address these debt issues without  concern for their own re-election, several county's, states, provinces and entire nations could start to slide into a situation that is non reversible, and our own greed could be the cause of our own nations demise. I hate to sound like a grumpy old man, but at some point in time this has to be addressed and stopped. Simply throwing money at a problem hardly ever solves it.

Now that wouldn't be the capitalistic way, now would it?

 

[knabe]

Didnt think so. You'd rather put other people's money where your mouth is.

Typical tyrant.


What are reasonable constraints on your system?

 

[RyanChandler]

Didnt think so. You'd rather put other people's money where your mouth is.

Typical tyrant.


What are reasonable constraints on your system?

Are you inferring I don't pay taxes?

 

[knabe]

Are you inferring I don't pay taxes?

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