jgoins Report This Comment Date: January 03, 2013 12:55PM
Very good way to understand what is going on, but the majority of idiots who
put Odamna back in office can't even understand this explanation.
BlahX3 Report This Comment Date: January 03, 2013 07:48PM
Gross oversimplification. No wonder it appeals to simple-minded people.
fossil_digger Report This Comment Date: January 03, 2013 08:29PM
facts are facts, numbers are numbers, undeniably.
Mrkim Report This Comment Date: January 04, 2013 12:49AM
While the analogy given is hardly an oversimplification of the facts, the
fiscal reality of the continuing onslaught of debt spending by our government is
indeed gross .... a gross injustice to every man, woman and child livin in the
US.
In the real world the US citizens are required to live in, such gross financial
mismanagement would not have lead to a simple double credit rating down grade,
it would mean we would be CUT OFF from all further loans, period, No one but a
loan shark would continue making loans to such folks
quasi Report This Comment Date: January 04, 2013 01:53AM
I know this guy in Chinatown who'll be happy to offer financial assistance -
for a price.
BlahX3 Report This Comment Date: January 04, 2013 01:50PM
If economists can't figure it out then why do you think you can? I'm not saying
the numbers aren't real but that we do not know exactly what they mean. Thinking
you've got it all figured out is pretty damn arrogant and if there are so many
smart people like you than why do we have these problems? Of course the
government is not a household, it's a government. There is nothing honest, fair,
just or moral about it.
BTW, the "you" I used is meant to be plural, not directed at anyone
specifically. I had to add that because I see that is not how it came out. There
are an awful lot of people who think they've got it figured out. If that is the
case then why are we in this mess?
Edited 1 time(s). Last edit at 04/01/2013 03:34PM by BlahX3.
Mrkim Report This Comment Date: January 04, 2013 03:34PM
Economists have stated over and over the same thing any rational minded person
can deduct pretty simply .... you can not spend your way out of a recession or
debt
It's quite true the US govt is not a household, but the analogy is still just as
relevant. One major difference of course is the govt does not make money, it
only consumes and spends that which it has already taken from others. A second
is that a household doesn't have the ability to raise its "income" by
just taking more from others. And then of course a household can not devalue its
debt by generating an influx of synthetic new dollars, which BTW are backed by
NOTHING
If an individual or family saddled with $120k plus of non-collateralized debt
resting atop the previous years record of having incurred near 50% of new debt
over their income approached a lender seeking another non-collateralized loan so
they could continue to simply spend above their current income level they'd be
laughed back out into the street.
Those incapable of seeing the all too obvious logic of the above are the ones I
would have to call simpletons
BlahX3 Report This Comment Date: January 04, 2013 03:43PM
Oh I see the logic alright, but as you point out a household is not legally
capable of taking money away from others like the government is and on those
grounds alone the analogy does not apply to the government in reality. It is a
completely different game with completely different rules.
jgoins Report This Comment Date: January 05, 2013 01:09PM
I think that is the point, we as individuals have rules to abide by but the
government has no rules and can do anything they want to do.
BlahX3 Report This Comment Date: January 05, 2013 04:09PM
The government does have rules. They are not the same rules the people have and
they never have been nor will be. That is the point. You cannot compare the
government to an individual or a household. That line of thinking is inherently
flawed and will never work.
fossil_digger Report This Comment Date: January 05, 2013 07:12PM
then by that logic, the government has control over too much and needs to be
slashed. it was not intended to have 1000th the power they now have.
quasi Report This Comment Date: January 05, 2013 07:36PM
The government makes up it's own rules so, in effect, has no rules. That it has
different rules than the citizens may be true but that doesn't make it right,
especially since the government is supposed to be, as Lincoln said, "of the
people, by the people, and for the people." This lack of rules has already
sent us over a fiscal cliff and there's a big crash coming. The so called fiscal
cliff that's been in the news lately is chump change compared to what's right
around the corner because the government has been following it's own rules, as
this photo points out pretty well. The government may have a different set of
rules but they've led to a complete loss of common sense rules that should be
followed by governments and citizens alike, particularly since our government
and citizens are supposed to be one and the same.
fossil_digger Report This Comment Date: January 05, 2013 08:13PM
arrest the Rothchilds etc......NOW!!
quasi Report This Comment Date: January 05, 2013 09:01PM
As soon as I capture the Loch Ness monster.
BlahX3 Report This Comment Date: January 05, 2013 10:03PM
Oh that's right, you guys have it all figured out. So how come you haven't
fixed it yet?
Mrkim Report This Comment Date: January 05, 2013 11:42PM
I'm really curious blah why you must always be so obtuse? Any half wit can
easily demise that spending more than you have is a bad idea, much less when
taken to the extremes our govt does so, yet this all too simplistic logic just
seems to totally evade you. Even worse, you then ask why "we" haven't
fixed it? What an utterly preposterous question
BlahX3 Report This Comment Date: January 06, 2013 12:28AM
Don't take it so personally Kim.
If the problem is so easily identified then why has it not been fixed yet?
quasi Report This Comment Date: January 06, 2013 01:11AM
Because the fix will be painful and people like to avoid pain, it's an
instinct, you know. And people who want to get re-elected damn sure don't want
to cause pain to the electorate unless they want to feel pain as well. The
masses won't understand the consequences until they experience those
consequences.
BlahX3 Report This Comment Date: January 06, 2013 01:32AM
Are you willing to go through the austerities you believe to be necessary?
Mrkim Report This Comment Date: January 06, 2013 01:54AM
I don't get a fuckin dime from the govt, are you blah
quasi Report This Comment Date: January 06, 2013 02:27AM
Willing or not, I believe it's inevitable. It's like the choice between
agonizing cancer treatment with a good possibility of survivng versus continuing
on to a certain death, not a perfect analogy and probably too oversimplified for
you but it's the only thing that comes to mind at the moment.
jgoins Report This Comment Date: January 06, 2013 10:34AM
There is nothing we as private individuals can do to fix any of this except by
elections and that did not work out so well for us last time. The only thing we
can do now is buckle up and try to survive the coming crash. I hope everyone
who voted for the dumb-ass enjoys the ride. I think the destruction of our
nation is just what Odamna was trying for in the first place.
quasi Report This Comment Date: January 06, 2013 11:21AM
I don't think Owebama's aim is to destroy the country, I think he really
believes he's helping things but like most politions can't see very far beyond
the end of his term. I'm not much for religion but I well remember that when
Jesus was being crucified he supposedly said, "Forgive them for they know
not what they do," and I try to have the same attitude towards the
politicians and political parties, but it's very difficult. I think most people
in the parties, the average people anyway, have good intentions but as has been
said, the road to hell is paved with good intentions.
Mrkim Report This Comment Date: January 06, 2013 12:30PM
As much as I wish that were true Q man, if you read his books and connect the
dots between them and the socio-political philosophies he espouses to support I
think he knows exactly what he's doing and is well on his way to success
BlahX3 Report This Comment Date: January 06, 2013 03:01PM
I was getting unemployment benefits for a while. Does that count? Everyone in
this country is reaping benefits from the government even if indirectly,
including you Kim. But like I said, don't take it so personally.
quasi Report This Comment Date: January 06, 2013 03:24PM
The thing is, something's got to give, if not proactively in some sort of
controlled way then it'll eventually happen in a huge chaotic crash where
vitually no one has anything left, but nobody wants to make the tough choices
which is understandable given human nature, and if someone does they're
villified. No matter who's rules you're playing by, it's impossible to spend
your way out of debt.
Edited 1 time(s). Last edit at 06/01/2013 04:38PM by quasi.
fossil_digger Report This Comment Date: January 06, 2013 04:06PM
hang 'em all for treason and start over.
woberto Report This Comment Date: January 07, 2013 09:28AM
pro_junior Report This Comment Date: January 07, 2013 11:12AM
what I think of whenever I hear "
fiscal cliff"
Mrkim Report This Comment Date: January 07, 2013 12:16PM
And to think, the real housing crisis/bubble began way back in the 70s w/Jimmy
Carters hair brained ideas ... another fine example of Democrat lunacy.
At least American voters at that juncture were astute enough to make him a
"Once and Done" choom
BTW, congress under GWB tried on several occasions to get a grip on the
sub-prime BS and guess what, the Dems screamed bloody murder about how the
Repubs were trying to cut out poor people from home ownership and even raised
the stakes higher by implementing new legislation FORCING lenders to make bad
loans. And ...... then Obozo himself played a pivotal role in the enforcement of
these policies by filing lawsuits against lenders who tried to make loans based
on credit worthiness instead of the bad policies the Democratically controlled
congress had foisted upon them
Opps, forgot to add that he conveniently forgot about all that by the time he
schmoozed his way into the Oval Office in 08 and all too conveniently blamed the
same GWB that had tried to at least slow down the steam rolling the lenders were
getting for having instead been instrumental in making the collapse his own
party had so craftily orchestrated
Edited 2 time(s). Last edit at 07/01/2013 12:25PM by Mrkim.
jgoins Report This Comment Date: January 07, 2013 01:22PM
I don't think the banks are financing homes for people without a triple A
credit rating any longer. If they are then let me know so I can start looking
for a house.