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US National Debt Ceiling.
#21
RE: US National Debt Ceiling.
(April 14, 2011 at 9:14 am)theVOID Wrote: Your creditors are better off cutting the strings, the less money they loan them the less they will inevitably loose, they've already got next to no chance of recovering their loans, do you think China is going to loan you another trillion dollars when it's probably not going tom get back a fraction of the 1.4 trillion you already owe?

Exactly. If you default on $1 million, you're in trouble. If you default on $100 million, the bank is in trouble.

"How is it that a lame man does not annoy us while a lame mind does? Because a lame man recognizes that we are walking straight, while a lame mind says that it is we who are limping." - Pascal
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#22
RE: US National Debt Ceiling.
void Wrote:And the way you come to the conclusion that I am supporting keynesianism from that post is completely baffling.

I never said such a thing..YOU came to that conclusion in the sentence I just quoted...not I.

Baffling? I agree.

I have an idea. How about you EASE off of me with the economics and I will do the same for you...deal?
(April 14, 2011 at 3:16 pm)Jaysyn Wrote: Exactly. If you default on $1 million, you're in trouble. If you default on $100 million, the bank is in trouble.
I dont see a default happening in the future, but I dont see much more money being laned as well. Our govt is trying to cut back, but they are doing it all fucked up. They dont want to share the pain across class. Anyone who isnt a gazillionaire is going to feel the pain, yet again...while the rich still get more tax breaks.

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#23
RE: US National Debt Ceiling.
What's the matter Rev, realized you're punching above your weight here?
.
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#24
RE: US National Debt Ceiling.
(April 15, 2011 at 1:42 am)theVOID Wrote: What's the matter Rev, realized you're punching above your weight here?

??? What?
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