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Just what would be the consequences of default?
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UM2001GRAD Offline
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Post: #41
RE: Just what would be the consequences of default?
(07-23-2011 10:57 AM)Raider_ATO Wrote:  
(07-23-2011 12:42 AM)UM2001GRAD Wrote:  Default = Great Depression v2.0

Is that easy enough for you idiot righties to understand.

Is it easy enough for YOU to understand that we bring in more than enough money to cover our credit payments?

A family would cut its spending drastically and live on ramen, rice and beans. The US is looking to get another credit card so we don't have to cut out HBO and miss the last season of Entourage.

You right-wing idiots keep comparing our national budget to your household. They are very, very different. If you cut $100 billion per month out of this economy and raise interest rates a couple points, we're dead in the water. Each point will add about $150 billion per year in interest to our debt as it rolls over (assuming we can roll it over under such conditions). Weak demand will turn into non-existent demand and that will be on top of the $100 billion per month being taken out of the economy. Also consider that many, many things will go unpaid. What do you think about no federal judiciary? What do you think about no FBI or Border Patrol? How do you feel about not paying active-duty military? No food assistance for the poor, elderly, or disabled? That's just the tip of the iceberg. The American people won't stand for it, and it would be an unmitigated economic disaster the likes of which we haven't seen since the 1930s. You can act like an idiot and pretend nothing will happen, or you can actually educate yourself a bit and put some real thought into the issue. I have no confidence you will do the latter.
07-23-2011 01:05 PM
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GrayBeard Offline
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Post: #42
RE: Just what would be the consequences of default?
(07-23-2011 12:25 PM)RobertN Wrote:  
(07-23-2011 12:18 PM)GrayBeard Wrote:  
(07-23-2011 12:14 PM)RobertN Wrote:  My money comes from my hard work.

Congratulations, that is step one on becoming a conservative.
It is also step one in becoming a liberal and a human being.

No, step one in becoming a liberal is....I don't want to work hard enough, so someone else should give me stuff.
07-23-2011 01:08 PM
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UM2001GRAD Offline
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Post: #43
RE: Just what would be the consequences of default?
(07-23-2011 01:08 PM)GrayBeard Wrote:  
(07-23-2011 12:25 PM)RobertN Wrote:  
(07-23-2011 12:18 PM)GrayBeard Wrote:  
(07-23-2011 12:14 PM)RobertN Wrote:  My money comes from my hard work.

Congratulations, that is step one on becoming a conservative.
It is also step one in becoming a liberal and a human being.

No, step one in becoming a liberal is....I don't want to work hard enough, so someone else should give me stuff.

No step one in becoming a liberal is having faith in your fellow Americans that we can all achieve more by working together rather than acting like like greedy SOBs.
07-23-2011 01:09 PM
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GrayBeard Offline
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Post: #44
RE: Just what would be the consequences of default?
(07-23-2011 01:09 PM)UM2001GRAD Wrote:  
(07-23-2011 01:08 PM)GrayBeard Wrote:  
(07-23-2011 12:25 PM)RobertN Wrote:  
(07-23-2011 12:18 PM)GrayBeard Wrote:  
(07-23-2011 12:14 PM)RobertN Wrote:  My money comes from my hard work.

Congratulations, that is step one on becoming a conservative.
It is also step one in becoming a liberal and a human being.

No, step one in becoming a liberal is....I don't want to work hard enough, so someone else should give me stuff.

No step one in becoming a liberal is having faith in your fellow Americans that we can all achieve more by working together rather than acting like like greedy SOBs.

Maybe you should do a study on the current Presidents base and see exactly what you get out of it.
07-23-2011 01:11 PM
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Fo Shizzle Offline
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Post: #45
RE: Just what would be the consequences of default?
(07-23-2011 01:09 PM)UM2001GRAD Wrote:  
(07-23-2011 01:08 PM)GrayBeard Wrote:  
(07-23-2011 12:25 PM)RobertN Wrote:  
(07-23-2011 12:18 PM)GrayBeard Wrote:  
(07-23-2011 12:14 PM)RobertN Wrote:  My money comes from my hard work.

Congratulations, that is step one on becoming a conservative.
It is also step one in becoming a liberal and a human being.

No, step one in becoming a liberal is....I don't want to work hard enough, so someone else should give me stuff.

No step one in becoming a liberal is having faith in your fellow Americans that we can all achieve more by working together rather than acting like like greedy SOBs.

Ok Comrade.03-lmfao
07-23-2011 01:23 PM
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Paul M Offline
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Post: #46
RE: Just what would be the consequences of default?
(07-23-2011 01:05 PM)UM2001GRAD Wrote:  
(07-23-2011 10:57 AM)Raider_ATO Wrote:  
(07-23-2011 12:42 AM)UM2001GRAD Wrote:  Default = Great Depression v2.0

Is that easy enough for you idiot righties to understand.

Is it easy enough for YOU to understand that we bring in more than enough money to cover our credit payments?

A family would cut its spending drastically and live on ramen, rice and beans. The US is looking to get another credit card so we don't have to cut out HBO and miss the last season of Entourage.

You right-wing idiots keep comparing our national budget to your household. They are very, very different. If you cut $100 billion per month out of this economy and raise interest rates a couple points,

Of course if we cut 100 billion, interest rates would not go up a couple of points. But I'm sure Obama appreciates your effort.
07-23-2011 01:31 PM
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RaiderATO Offline
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Post: #47
RE: Just what would be the consequences of default?
(07-23-2011 01:09 PM)UM2001GRAD Wrote:  No step one in becoming a liberal is having faith in your fellow Americans that we can all achieve more by working together rather than acting like like greedy SOBs.

"Having faith in your fellow Americans" and "having faith in Govt." are two different things.

We CAN achieve more by working together. If only the greedy SOBs (govt. and the welfare class) weren't taking all of our money, those that actually work (alone or together) could get more done.
07-23-2011 01:37 PM
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Fo Shizzle Offline
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Post: #48
RE: Just what would be the consequences of default?
(07-23-2011 01:37 PM)Raider_ATO Wrote:  
(07-23-2011 01:09 PM)UM2001GRAD Wrote:  No step one in becoming a liberal is having faith in your fellow Americans that we can all achieve more by working together rather than acting like like greedy SOBs.

"Having faith in your fellow Americans" and "having faith in Govt." are two different things.

We CAN achieve more by working together. If only the greedy SOBs (govt. and the welfare class) weren't taking all of our money, those that actually work (alone or together) could get more done.

When the Federal Government is the largest employer in a country...It is basically done as nation. These leftists will never understand that someone has to pay the bills by actually working.03-banghead
07-23-2011 01:44 PM
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BlazerFan11 Offline
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Post: #49
RE: Just what would be the consequences of default?
(07-23-2011 01:05 PM)UM2001GRAD Wrote:  You right-wing idiots keep comparing our national budget to your household. They are very, very different.

You're right. I guess a true intellectual realizes it's much more like trying to get a car out of a ditch.
07-23-2011 01:45 PM
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UM2001GRAD Offline
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Post: #50
RE: Just what would be the consequences of default?
(07-23-2011 01:37 PM)Raider_ATO Wrote:  
(07-23-2011 01:09 PM)UM2001GRAD Wrote:  No step one in becoming a liberal is having faith in your fellow Americans that we can all achieve more by working together rather than acting like like greedy SOBs.

"Having faith in your fellow Americans" and "having faith in Govt." are two different things.

We CAN achieve more by working together. If only the greedy SOBs (govt. and the welfare class) weren't taking all of our money, those that actually work (alone or together) could get more done.

You mean they could make more money for themselves, right? That's until their unregulated version of capitalism does what unregulated capitalism ultimately does - melts down in a fantastic disaster or consolidates into monopoly. Interesting how you define government and the poor as greedy. That proves you are what I say you are.
07-23-2011 01:45 PM
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Mr. Peanut Offline
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Post: #51
RE: Just what would be the consequences of default?
(07-23-2011 01:09 PM)UM2001GRAD Wrote:  
(07-23-2011 01:08 PM)GrayBeard Wrote:  
(07-23-2011 12:25 PM)RobertN Wrote:  
(07-23-2011 12:18 PM)GrayBeard Wrote:  
(07-23-2011 12:14 PM)RobertN Wrote:  My money comes from my hard work.

Congratulations, that is step one on becoming a conservative.
It is also step one in becoming a liberal and a human being.

No, step one in becoming a liberal is....I don't want to work hard enough, so someone else should give me stuff.

No step one in becoming a liberal is having faith in your fellow Americans that we can all achieve more by working together rather than acting like like greedy SOBs.

That's the alpha and omega of liberalism :clap2: Well played Grad
07-23-2011 01:45 PM
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Fo Shizzle Offline
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Post: #52
RE: Just what would be the consequences of default?
(07-23-2011 01:45 PM)Mr. Peanut Wrote:  
(07-23-2011 01:09 PM)UM2001GRAD Wrote:  
(07-23-2011 01:08 PM)GrayBeard Wrote:  
(07-23-2011 12:25 PM)RobertN Wrote:  
(07-23-2011 12:18 PM)GrayBeard Wrote:  Congratulations, that is step one on becoming a conservative.
It is also step one in becoming a liberal and a human being.

No, step one in becoming a liberal is....I don't want to work hard enough, so someone else should give me stuff.

No step one in becoming a liberal is having faith in your fellow Americans that we can all achieve more by working together rather than acting like like greedy SOBs.

That's the alpha and omega of Communism :clap2: Well played Grad

FIFY
07-23-2011 01:51 PM
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Mr. Peanut Offline
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Post: #53
RE: Just what would be the consequences of default?
(07-23-2011 01:51 PM)Fo Shizzle Wrote:  
(07-23-2011 01:45 PM)Mr. Peanut Wrote:  
(07-23-2011 01:09 PM)UM2001GRAD Wrote:  
(07-23-2011 01:08 PM)GrayBeard Wrote:  
(07-23-2011 12:25 PM)RobertN Wrote:  It is also step one in becoming a liberal and a human being.

No, step one in becoming a liberal is....I don't want to work hard enough, so someone else should give me stuff.

No step one in becoming a liberal is having faith in your fellow Americans that we can all achieve more by working together rather than acting like like greedy SOBs.

That's the alpha and omega of Christianity :clap2: Well played Grad

Fixed it back
07-23-2011 01:57 PM
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RobertN Offline
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Post: #54
RE: Just what would be the consequences of default?
(07-23-2011 01:23 PM)Fo Shizzle Wrote:  
(07-23-2011 01:09 PM)UM2001GRAD Wrote:  
(07-23-2011 01:08 PM)GrayBeard Wrote:  
(07-23-2011 12:25 PM)RobertN Wrote:  
(07-23-2011 12:18 PM)GrayBeard Wrote:  Congratulations, that is step one on becoming a conservative.
It is also step one in becoming a liberal and a human being.

No, step one in becoming a liberal is....I don't want to work hard enough, so someone else should give me stuff.

No step one in becoming a liberal is having faith in your fellow Americans that we can all achieve more by working together rather than acting like like greedy SOBs.

Ok Comrade.03-lmfao
Not surprised by that response from a greedy SOB such as yourself. I guess you never work with others at work to get more accomplished?
07-23-2011 02:08 PM
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nomad2u2001 Offline
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Post: #55
RE: Just what would be the consequences of default?
I think the backbone of America itself is to be able to work together for common goals. Where the far left messes up is where they believe that the only way working together can be done is if it's facilitated by a government that knows absolutely nothing about your goals.

I think they also mistake greed for doing well for yourself.
07-23-2011 02:09 PM
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RobertN Offline
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Post: #56
RE: Just what would be the consequences of default?
(07-23-2011 01:44 PM)Fo Shizzle Wrote:  
(07-23-2011 01:37 PM)Raider_ATO Wrote:  
(07-23-2011 01:09 PM)UM2001GRAD Wrote:  No step one in becoming a liberal is having faith in your fellow Americans that we can all achieve more by working together rather than acting like like greedy SOBs.

"Having faith in your fellow Americans" and "having faith in Govt." are two different things.

We CAN achieve more by working together. If only the greedy SOBs (govt. and the welfare class) weren't taking all of our money, those that actually work (alone or together) could get more done.

When the Federal Government is the largest employer in a country...It is basically done as nation. These leftists will never understand that someone has to pay the bills by actually working.03-banghead
Even if we cut the gov't down to the size you want(assuming that you don't want to eliminate the gov't entirely, which you claim you don't), it would likely stii be the largest employer in the country.
07-23-2011 02:17 PM
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Fo Shizzle Offline
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Post: #57
RE: Just what would be the consequences of default?
(07-23-2011 02:08 PM)RobertN Wrote:  
(07-23-2011 01:23 PM)Fo Shizzle Wrote:  
(07-23-2011 01:09 PM)UM2001GRAD Wrote:  
(07-23-2011 01:08 PM)GrayBeard Wrote:  
(07-23-2011 12:25 PM)RobertN Wrote:  It is also step one in becoming a liberal and a human being.

No, step one in becoming a liberal is....I don't want to work hard enough, so someone else should give me stuff.

No step one in becoming a liberal is having faith in your fellow Americans that we can all achieve more by working together rather than acting like like greedy SOBs.

Ok Comrade.03-lmfao
Not surprised by that response from a greedy SOB such as yourself. I guess you never work with others at work to get more accomplished?

Of course we work together...out of our self interests. A concept you obviously have no clue about.

Oh...BTW...I have no problem with greed. Without it...NONE of us would have damn thing.
(This post was last modified: 07-23-2011 02:32 PM by Fo Shizzle.)
07-23-2011 02:20 PM
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Fo Shizzle Offline
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Post: #58
RE: Just what would be the consequences of default?
(07-23-2011 02:17 PM)RobertN Wrote:  
(07-23-2011 01:44 PM)Fo Shizzle Wrote:  
(07-23-2011 01:37 PM)Raider_ATO Wrote:  
(07-23-2011 01:09 PM)UM2001GRAD Wrote:  No step one in becoming a liberal is having faith in your fellow Americans that we can all achieve more by working together rather than acting like like greedy SOBs.

"Having faith in your fellow Americans" and "having faith in Govt." are two different things.

We CAN achieve more by working together. If only the greedy SOBs (govt. and the welfare class) weren't taking all of our money, those that actually work (alone or together) could get more done.

When the Federal Government is the largest employer in a country...It is basically done as nation. These leftists will never understand that someone has to pay the bills by actually working.03-banghead
Even if we cut the gov't down to the size you want(assuming that you don't want to eliminate the gov't entirely, which you claim you don't), it would likely stii be the largest employer in the country.

No it wouldn't. Millions of middle class bureaucrats would have ply their skills in the marketplace of competition. A vast amount of government occupations can be easily handled in the free market.

Lets see....Other than a justice system that goes after "real" criminals, a defensive military and a clerical system to handle paying bills and working through bids for projects....the rest can go away as far as I am concerned.
(This post was last modified: 07-23-2011 02:31 PM by Fo Shizzle.)
07-23-2011 02:30 PM
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aTxTIGER Offline
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Post: #59
RE: Just what would be the consequences of default?
(07-23-2011 11:41 AM)SumOfAllFears Wrote:  
(07-23-2011 11:02 AM)aTxTIGER Wrote:  
(07-23-2011 10:57 AM)Raider_ATO Wrote:  
(07-23-2011 12:42 AM)UM2001GRAD Wrote:  Default = Great Depression v2.0

Is that easy enough for you idiot righties to understand.

Is it easy enough for YOU to understand that we bring in more than enough money to cover our credit payments?

A family would cut its spending drastically and live on ramen, rice and beans. The US is looking to get another credit card so we don't have to cut out HBO and miss the last season of Entourage.

Cutting 40% of our federal budget in one fell swoop would throw us into an instant recession. Basically, we would be cutting 10% of GDP at one time.

How did you get to that conclusion? You've said it more than once. Where?

Government spending accounts for roughly 25% of GDP total. Hence the 10%

Quote:With the fiscal battle raging, both sides of the aisle in Washington are debating the size and scope of federal spending. Notably, no one is saying that the government has an important role and duty to the people it serves. What has become contentious is the question, how much do they need? The answer is found by simply asking how much of the peoples' treasure has the federal government spent in the past to get the job done?


The Democrats and President Obama have increased federal spending as a percentage of gross domestic product (GDP) to 25.3%. Liberals often speak in terms of "historical spending," in the 20 plus percent range. On the other side of the aisle, Rep. Paul Ryan's budget plan looks to cap government spending at 18% of GDP. The claim is that the 18 percent number mirrors historic average levels of government spending. The debate here is not whether the left or the right is correct, it's that they are both wrong and guilty of advancing a myth that has been spoken so often it is blindly accepted as fact.

http://www.realclearmarkets.com/articles...99063.html
(This post was last modified: 07-23-2011 02:42 PM by aTxTIGER.)
07-23-2011 02:41 PM
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MileHighBronco Offline
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Post: #60
RE: Just what would be the consequences of default?
(07-23-2011 02:09 PM)nomad2u2001 Wrote:  I think the backbone of America itself is to be able to work together for common goals. Where the far left messes up is where they believe that the only way working together can be done is if it's facilitated by a government that knows absolutely nothing about your goals.

I think they also mistake greed for doing well for yourself.

Well, if the serfs aren't all equally miserable, then they MUST be greedy.

Morale is really bad right now so we must do something. The floggings will begin at noon.

What the left in general and the far left in particular screws up is in the understanding of human nature. Self interest is a powerful motivator but the far left believes that it can perfect human nature. Where have you ever seen somebody work hard to produce something when he himself will get no reward for his work? They claim it is GREED that causes somebody to want to see a reward for themselves and their families for all their hard work.

That reward incentive has always been there and the far left wants to change that and decide when somebody has enough and they want to distribute the fruits of that person's labor to others. But that statist mindset often deludes the holder into thinking that HE/SHE will be one of the "favored" ones when their utopian paradise becomes reality.

I now leave you to more of Rob's inane comments.
07-23-2011 02:45 PM
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