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Debt Ceiling Thread Mk II

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    ThanatosThanatos Registered User regular
    After this, regardless of whether we pull out of this course, I think we can expect that the U.S. Dollar will probably cease to be the world's reserve currency.

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    hanskeyhanskey Registered User regular
    Demerdar wrote:
    hanskey wrote:
    Demerdar wrote:
    I doubt they are stupid as you are making them out to be. But whatever it takes to justify your beliefs (and invalidate theirs), more power to you.
    I'm sure that on average they are not stupid, but they act very stupid as a group and their ideology is based on lazy stupidity manufactured by the right's personal propaganda machine: Fox News.

    Their ideas are stupid, because they are not informed by reality.

    Their congressional reps are stupid, because they don't know how to govern.

    They are stupid for being bull's in china-shops in the most high-stakes political landscape ever to exist.

    They are stupid for egging on the morons they elected, becasue they didn't get what they thought they were getting from the 2011 Budget they passed.

    They are stupid when they worship Rand Paul and Palin, both of whom are complete idiots too blinded by ideology and bullshit to ever be viable for public office.

    I think you missed the point.
    IDC.

    I think you are missing the point of this crisis, which is that the Teabaggers have made themselves non-viable for poiltical office.

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    PreacherPreacher Registered User regular
    Thanatos wrote:
    After this, regardless of whether we pull out of this course, I think we can expect that the U.S. Dollar will probably cease to be the world's reserve currency.

    Hell of a legacy for our children. "Yeah we used to be on top, but then we let republicans fuck us."

    I would like some money because these are artisanal nuggets of wisdom philistine.

    pleasepaypreacher.net
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    PhillisherePhillishere Registered User regular
    Preacher wrote:
    Thanatos wrote:
    After this, regardless of whether we pull out of this course, I think we can expect that the U.S. Dollar will probably cease to be the world's reserve currency.

    Hell of a legacy for our children. "Yeah we used to be on top, but then we let republicans fuck us."
    \

    If you look at the history of the party, there's something deeply ironic about the Republicans being the one to fuck the full faith and credit of the U.S. Responsible father party ends up being a drunken, deadbeat daddy.

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    kildykildy Registered User regular
    Preacher wrote:
    Thanatos wrote:
    After this, regardless of whether we pull out of this course, I think we can expect that the U.S. Dollar will probably cease to be the world's reserve currency.

    Hell of a legacy for our children. "Yeah we used to be on top, but then we let republicans fuck us."

    You see kids, it's worth being an ex superpower if you stand up to your ideals of "I want that, but I don't want to have to pay for it"

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    UltimanecatUltimanecat Registered User regular
    edited July 2011
    Preacher wrote:
    Thanatos wrote:
    After this, regardless of whether we pull out of this course, I think we can expect that the U.S. Dollar will probably cease to be the world's reserve currency.

    Hell of a legacy for our children. "Yeah we used to be on top, but then we let republicans fuck us."

    I'm having trouble imagining an alternative in the near future.

    edit: I mean to the USD.

    Ultimanecat on
    SteamID : same as my PA forum name
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    DemerdarDemerdar Registered User regular
    edited July 2011
    Arkady wrote:
    Demerdar wrote:
    I doubt they are stupid as you are making them out to be. But whatever it takes to justify your beliefs (and invalidate theirs), more power to you.

    What the shitting christ is this ridiculous above the fray goosery I am reading? We are 4 days or less from potentially complete economic collapse all at the behest of tea partiers and the loons they managed to get elected because liberals were too busy abloo-blooing about how not liberal enough Obama has turned out to be to get out and vote in 2010. Considering that a wide swath of teapers are wholly reliant on the government for fucking living (ss/medicare/caid/welfare/food stamps) it is not a stretch at all to say they are morons. In the same way that someone drinking gasoline despite warnings is a moron. Or who sticks metal things in electrical outlets repeatedly. All because they have somehow gotten it into their heads that the era of laissez-faire economics weren't fucking terrible for nearly everyone whose name didn't start with r and end in obber baron.

    I would argue that it is reckless, but it is not HERP DERP DERP look at us we are idiots and don't know the ramifications of not raising the debt ceiling. I'm not saying I'm in support of it, but it is kind of a wonder how much leverage the tea party has right now.

    Demerdar on
    y6GGs3o.gif
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    DevoutlyApatheticDevoutlyApathetic Registered User regular
    Thanatos wrote:
    After this, regardless of whether we pull out of this course, I think we can expect that the U.S. Dollar will probably cease to be the world's reserve currency.

    All part of that nefarious plan to create one world currency. The, uh, let's go with Jews, are all behind it.

    Though yea, I love when the Republicans try and "help" our economy they end up bending it over and fucking it right up the ass. I guess we should all be glad they don't want to help us.

    Nod. Get treat. PSN: Quippish
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    DemerdarDemerdar Registered User regular
    Demerdar wrote:
    Arkady wrote:
    Demerdar wrote:
    I doubt they are stupid as you are making them out to be. But whatever it takes to justify your beliefs (and invalidate theirs), more power to you.

    What the shitting christ is this ridiculous above the fray goosery I am reading? We are 4 days or less from potentially complete economic collapse all at the behest of tea partiers and the loons they managed to get elected because liberals were too busy abloo-blooing about how not liberal enough Obama has turned out to be to get out and vote in 2010. Considering that a wide swath of teapers are wholly reliant on the government for fucking living (ss/medicare/caid/welfare/food stamps) it is not a stretch at all to say they are morons. In the same way that someone drinking gasoline despite warnings is a moron. Or who sticks metal things in electrical outlets repeatedly. All because they have somehow gotten it into their heads that the era of laissez-faire economics weren't fucking terrible for nearly everyone whose name didn't start with r and end in obber baron.

    I would argue that it is reckless, but it is not HERP DERP DERP look at us we are idiots and don't know the ramifications of not raising the debt ceiling. I'm not saying I'm in support of it, but it is kind of a wonder how much leverage the tea party has right now.

    I guess also i'm talking about the elected representatives, not the voters that put them there (and to be honest, there are retarded kool-aid drinkers on both sides of the fence).

    y6GGs3o.gif
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    Xenogear_0001Xenogear_0001 Registered User regular
    hanskey wrote:
    Asia is ready to sink us.

    I've been keeping informed by friends plugged into Japan and China, and they are pretty sure that Asia is poised to completely end American global hegemony because of this issue, as soon as it won;t completely fuck them over.

    Well, we have all the guns. And bombs. And planes, tanks, drones, ICBM's... I guess what I'm saying is, at least militarily, no one will want any of this. But you're right--economically, we won't have a pot to piss in if shit really hits the fan. And then we won't be able to afford upkeep on our fancy warmachines of doom and... yeah, we're pretty well fucked.

    steam_sig.png
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    No-QuarterNo-Quarter Nothing To Fear But Fear ItselfRegistered User regular
    Demerdar wrote:
    Arkady wrote:
    Demerdar wrote:
    I doubt they are stupid as you are making them out to be. But whatever it takes to justify your beliefs (and invalidate theirs), more power to you.

    What the shitting christ is this ridiculous above the fray goosery I am reading? We are 4 days or less from potentially complete economic collapse all at the behest of tea partiers and the loons they managed to get elected because liberals were too busy abloo-blooing about how not liberal enough Obama has turned out to be to get out and vote in 2010. Considering that a wide swath of teapers are wholly reliant on the government for fucking living (ss/medicare/caid/welfare/food stamps) it is not a stretch at all to say they are morons. In the same way that someone drinking gasoline despite warnings is a moron. Or who sticks metal things in electrical outlets repeatedly. All because they have somehow gotten it into their heads that the era of laissez-faire economics weren't fucking terrible for nearly everyone whose name didn't start with r and end in obber baron.

    I would argue that it is reckless, but it is not HERP DERP DERP look at us we are idiots and don't know the ramifications of not raising the debt ceiling.
    I'm not saying I'm in support of it, but it is kind of a wonder how much leverage the tea party has right now.

    Apparently they DON'T, and if they DO they're fucking savages.

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    monikermoniker Registered User regular
    Demerdar wrote:
    I doubt they are stupid as you are making them out to be. But whatever it takes to justify your beliefs (and invalidate theirs), more power to you.

    No, voting to plunge the country and world into a global recession is objectively stupid.

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    EgoEgo Registered User regular
    Thanatos wrote:
    After this, regardless of whether we pull out of this course, I think we can expect that the U.S. Dollar will probably cease to be the world's reserve currency.

    All part of that nefarious plan to create one world currency. The, uh, let's go with Jews, are all behind it.

    Though yea, I love when the Republicans try and "help" our economy they end up bending it over and fucking it right up the ass. I guess we should all be glad they don't want to help us.

    I think you mean Jewish Rothschild reptiles are behind it all.

    Given that I like to read fox news comments (the same way I like to read youtube comments, I guess it's some sort of mental self-flagellation,) I'm surprised at how many people genuinely believe that Obama is involved in a conspiracy to destroy America. IE, that's his goal: not make it more left, not make it more socialist, but _destroy_ it. People are... crazy.

    Erik
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    DevoutlyApatheticDevoutlyApathetic Registered User regular
    I would argue for ignorant over stupid, though some of them have chosen to be ignorant and some of them are flat out stupid.

    Nod. Get treat. PSN: Quippish
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    PreacherPreacher Registered User regular
    Demerdar wrote:
    I guess also i'm talking about the elected representatives, not the voters that put them there (and to be honest, there are retarded kool-aid drinkers on both sides of the fence).

    Liberal progressives want universal healthcare, high speed rail, and relaxed drug laws. Tea party conservatives want to make the US a christian oligarchy where only the rich have access to services. These sides are not equivelent.

    I would like some money because these are artisanal nuggets of wisdom philistine.

    pleasepaypreacher.net
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    ThanatosThanatos Registered User regular
    Demerdar wrote:
    I guess also i'm talking about the elected representatives, not the voters that put them there (and to be honest, there are retarded kool-aid drinkers on both sides of the fence).
    Yes, there are, but to say that trying to... I don't know... ban veal is on the same level of "retarded kool-aid drinking" as advocating the destruction of the economy is absolutely a false equivalency.

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    monikermoniker Registered User regular
    Demerdar wrote:
    Demerdar wrote:
    Arkady wrote:
    Demerdar wrote:
    I doubt they are stupid as you are making them out to be. But whatever it takes to justify your beliefs (and invalidate theirs), more power to you.

    What the shitting christ is this ridiculous above the fray goosery I am reading? We are 4 days or less from potentially complete economic collapse all at the behest of tea partiers and the loons they managed to get elected because liberals were too busy abloo-blooing about how not liberal enough Obama has turned out to be to get out and vote in 2010. Considering that a wide swath of teapers are wholly reliant on the government for fucking living (ss/medicare/caid/welfare/food stamps) it is not a stretch at all to say they are morons. In the same way that someone drinking gasoline despite warnings is a moron. Or who sticks metal things in electrical outlets repeatedly. All because they have somehow gotten it into their heads that the era of laissez-faire economics weren't fucking terrible for nearly everyone whose name didn't start with r and end in obber baron.

    I would argue that it is reckless, but it is not HERP DERP DERP look at us we are idiots and don't know the ramifications of not raising the debt ceiling. I'm not saying I'm in support of it, but it is kind of a wonder how much leverage the tea party has right now.

    I guess also i'm talking about the elected representatives, not the voters that put them there (and to be honest, there are retarded kool-aid drinkers on both sides of the fence).

    Ah, false equivalence. How I have missed you this past crisis.

    Wait, what's the opposite of miss? Seen bandied about every waking hour. I think that's what I meant.

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    autono-wally, erotibot300autono-wally, erotibot300 love machine Registered User regular
    hanskey wrote:
    Asia is ready to sink us.

    I've been keeping informed by friends plugged into Japan and China, and they are pretty sure that Asia is poised to completely end American global hegemony because of this issue, as soon as it won;t completely fuck them over.
    Sounds good. Now I only hope Europe can keep afloat
    What language to learn...

    kFJhXwE.jpgkFJhXwE.jpg
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    TomantaTomanta Registered User regular
    The Dems really need to introduce a clean bill in both the House and the Senate. Best case: it passes and we avoid an economic catastrophe.

    Worst case: we have a clean voting record on who is responsible.

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    PreacherPreacher Registered User regular
    Honestly I'd be fine with obama having the republican party arrested for being traitors. This is ridiculous we are even having a debt ceiling crisis.

    I would like some money because these are artisanal nuggets of wisdom philistine.

    pleasepaypreacher.net
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    autono-wally, erotibot300autono-wally, erotibot300 love machine Registered User regular
    Ego wrote:
    Thanatos wrote:
    After this, regardless of whether we pull out of this course, I think we can expect that the U.S. Dollar will probably cease to be the world's reserve currency.

    All part of that nefarious plan to create one world currency. The, uh, let's go with Jews, are all behind it.

    Though yea, I love when the Republicans try and "help" our economy they end up bending it over and fucking it right up the ass. I guess we should all be glad they don't want to help us.

    I think you mean Jewish Rothschild reptiles are behind it all.

    Given that I like to read fox news comments (the same way I like to read youtube comments, I guess it's some sort of mental self-flagellation,) I'm surprised at how many people genuinely believe that Obama is involved in a conspiracy to destroy America. IE, that's his goal: not make it more left, not make it more socialist, but _destroy_ it. People are... crazy.
    Which is especially funny when you consider that republicans and the tea party actually are destroing america in a very real sense

    kFJhXwE.jpgkFJhXwE.jpg
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    DevoutlyApatheticDevoutlyApathetic Registered User regular
    Tomanta wrote:
    The Dems really need to introduce a clean bill in both the House and the Senate. Best case: it passes and we avoid an economic catastrophe.

    Worst case: we have a clean voting record on who is responsible.

    The Senate Democrats should be finding the fucking sane R's they have, which they do, and asking them what the fuck is their issue with a clean bill. This should be happening on the fucking floor right fucking now.

    The D's have given up on the "Give us some taxes on the rich and we'll give you your cuts", which was stupid, but they can at least hammer the shit out of them on this.

    Nod. Get treat. PSN: Quippish
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    DemerdarDemerdar Registered User regular
    I have a feeling the radicals on both ends of the spectrum are being a bunch of stubborn assholes (more so the tea party), the moderates need to get together and draft something up pretty quickly.

    y6GGs3o.gif
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    TaramoorTaramoor Storyteller Registered User regular
    Demerdar wrote:
    I have a feeling the radicals on both ends of the spectrum are being a bunch of stubborn assholes (more so the tea party), the moderates need to get together and draft something up pretty quickly.

    "Raise the debt ceiling. Period." is not a radical idea. The fact that the GOP considers it a concession to do so is the height of insanity.

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    ThanatosThanatos Registered User regular
    Demerdar wrote:
    I have a feeling the radicals on both ends of the spectrum are being a bunch of stubborn assholes (more so the tea party), the moderates need to get together and draft something up pretty quickly.
    Refusing to capitulate to economic terrorism does not make you a "stubborn asshole." It makes you a rational actor.

    The moderates are the Neville Chamberlains of this little episode.

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    PreacherPreacher Registered User regular
    Demerdar wrote:
    I have a feeling the radicals on both ends of the spectrum are being a bunch of stubborn assholes (more so the tea party), the moderates need to get together and draft something up pretty quickly.

    The democrats have offered multiple plans that slash government spending, all of them have been turned down by the GOP. So which radical on the left is doing anything to prolongue this?

    I would like some money because these are artisanal nuggets of wisdom philistine.

    pleasepaypreacher.net
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    hanskeyhanskey Registered User regular
    edited July 2011
    Demerdar wrote:
    Arkady wrote:
    Demerdar wrote:
    I doubt they are stupid as you are making them out to be. But whatever it takes to justify your beliefs (and invalidate theirs), more power to you.

    What the shitting christ is this ridiculous above the fray goosery I am reading? We are 4 days or less from potentially complete economic collapse all at the behest of tea partiers and the loons they managed to get elected because liberals were too busy abloo-blooing about how not liberal enough Obama has turned out to be to get out and vote in 2010. Considering that a wide swath of teapers are wholly reliant on the government for fucking living (ss/medicare/caid/welfare/food stamps) it is not a stretch at all to say they are morons. In the same way that someone drinking gasoline despite warnings is a moron. Or who sticks metal things in electrical outlets repeatedly. All because they have somehow gotten it into their heads that the era of laissez-faire economics weren't fucking terrible for nearly everyone whose name didn't start with r and end in obber baron.

    I would argue that it is reckless, but it is not HERP DERP DERP look at us we are idiots and don't know the ramifications of not raising the debt ceiling. I'm not saying I'm in support of it, but it is kind of a wonder how much leverage the tea party has right now.

    Not really. Boehner is afraid of election results in 2012 if he crosses them, so that's pretty much all the leverage they have.

    They done went and spent all their political capital, and I don't think anyone will be loaning them any...

    hanskey on
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    CouscousCouscous Registered User regular
    The Democrats haven't been stubborn. The Reid Bill gave them most of what they wanted except for entitlement cuts and doing this shit over again in six months.

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    monikermoniker Registered User regular
    Demerdar wrote:
    I have a feeling the radicals on both ends of the spectrum are being a bunch of stubborn assholes (more so the tea party), the moderates need to get together and draft something up pretty quickly.

    Who are the radical Democrats in this discussion preventing a debt ceiling raise? I'd prefer some names. Because I can link you to some articles and interviews of specific Republicans if you'd like. Including the House Majority Leader.

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    PhillisherePhillishere Registered User regular
    moniker wrote:
    Demerdar wrote:
    I have a feeling the radicals on both ends of the spectrum are being a bunch of stubborn assholes (more so the tea party), the moderates need to get together and draft something up pretty quickly.

    Who are the radical Democrats in this discussion preventing a debt ceiling raise? I'd prefer some names. Because I can link you to some articles and interviews of specific Republicans if you'd like. Including the House Majority Leader.

    Can I just add that Democrats telling the president not to end Social Security and Medicare in the middle of a fucking recession are not radicals. They are preserving the institutions that have existed the entire life of, I'm going to go out on a limb here, everyone on this board.

    Preserving the status quo is not radical. And, no, "But we can't afford it anymore" is not a rational answer here.

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    KrieghundKrieghund Registered User regular
    I have a question about this coin plan thing. Pardon my ignorance, but is the Treasury allowed to just mint a new denomination of money? I mean, are there any laws about what they can make and what they can't make? Not asking about amount, just denomination.

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    hanskeyhanskey Registered User regular
    edited July 2011
    Preacher wrote:
    Honestly I'd be fine with obama having the republican party arrested for being traitors. This is ridiculous we are even having a debt ceiling crisis.

    Agreed.

    I would go further and say that the entire Congress will be in violation of the Budget law if they can't raise the debt ceiling and therefore every member of the House and the Senate should be impeached immediately if the debt ceiling is not raised by Aug 2.

    I would also file a parallel case to be brought by the DOJ to the SCOTUS to have the debt ceiling law struck down as a violation of the 14th Amendment since the fight over this has ALREADY hurt the "Full Faith And Credit of the US Govt".

    hanskey on
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    ChenChen Registered User regular
    moniker wrote:
    Demerdar wrote:
    I doubt they are stupid as you are making them out to be. But whatever it takes to justify your beliefs (and invalidate theirs), more power to you.

    No, voting to plunge the country and world into a global recession is objectively stupid.
    This. The housing bubble was already the tip of the iceberg. I swear to God humanity is going to be the end of us all.

    V0Gug2h.png
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    hanskeyhanskey Registered User regular
    edited July 2011
    Krieghund wrote:
    I have a question about this coin plan thing. Pardon my ignorance, but is the Treasury allowed to just mint a new denomination of money? I mean, are there any laws about what they can make and what they can't make? Not asking about amount, just denomination.
    Look back a few pages for the detailed posts on this.

    hanskey on
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    TaramoorTaramoor Storyteller Registered User regular
    Krieghund wrote:
    I have a question about this coin plan thing. Pardon my ignorance, but is the Treasury allowed to just mint a new denomination of money? I mean, are there any laws about what they can make and what they can't make? Not asking about amount, just denomination.

    The Treasury can mint platinum coins of any size and value it wishes.

    It's actually kind of insane when I think about it too much.

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    UltimanecatUltimanecat Registered User regular
    hanskey wrote:
    Preacher wrote:
    Honestly I'd be fine with obama having the republican party arrested for being traitors. This is ridiculous we are even having a debt ceiling crisis.

    Agreed.

    I would go further and say that the entire Congress will be in violation of the Budget law if they can't raise the debt ceiling and therefore every member of the House and the Senate should be impeached immediately if the debt ceiling is not raised by Aug 2.

    Unfortunately Congress is responsible for the prosecution of impeached members (separation of powers and all) so...yeah good luck.

    SteamID : same as my PA forum name
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    KrieghundKrieghund Registered User regular
    Really? Wow. I imagine that is going to get rectified if Obama goes this route.

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    RoanthRoanth Registered User regular
    ronya wrote:
    Tomanta wrote:
    Wait. Gold prices are going up. We are sitting on a bunch of gold. We don't need it to back our currency.

    Let's really drive the tea party/paultards and have a yard sale at Ft. Knox.

    Not enough gold, especially at the depressed prices of a firesale.

    It's a thought, though. Sell the Capitol.

    Better idea. Govt goes short gold in every way it can (futures, puts, stock of gold miners, etc.) and announces it is selling all the gold in Fort Knox as quickly as possible.

    Cover our short positions, collect profits, call off sale.

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    SammyFSammyF Registered User regular
    So hey. The DJIA has lost about four percentage points and a quarter over a week of steady decline while watching the House of Representatives dither on a bill that would never make it through the Senate even if they did have the votes to pass it out of the House. Which they don't.

    They may not have realized their own savings this week, but they did a pretty good job wiping out some of everyone else's.

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    hanskeyhanskey Registered User regular
    edited July 2011
    hanskey wrote:
    Preacher wrote:
    Honestly I'd be fine with obama having the republican party arrested for being traitors. This is ridiculous we are even having a debt ceiling crisis.

    Agreed.

    I would go further and say that the entire Congress will be in violation of the Budget law if they can't raise the debt ceiling and therefore every member of the House and the Senate should be impeached immediately if the debt ceiling is not raised by Aug 2.

    Unfortunately Congress is responsible for the prosecution of impeached members (separation of powers and all) so...yeah good luck.

    I understand, but they deserve no less.

    hanskey on
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