image stats
rating
2.93
votes
15
views
822
uploader
woberto
comments
32
date added
2013-01-02
category
Games
previous votes
Loading..
log in
Username:

Password


indent register
indent recover

US economics explained

1 star2 stars3 stars4 stars5 stars
US economics explained

Comments for: US economics explained
jgoins Report This Comment
Date: January 03, 2013 07:55AM

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 02:48PM

Gross oversimplification. No wonder it appeals to simple-minded people.
fossil_digger Report This Comment
Date: January 03, 2013 03:29PM

facts are facts, numbers are numbers, undeniably.
Mrkim Report This Comment
Date: January 03, 2013 07:49PM

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 (*facepalm*)

smoking
smiley
quasi Report This Comment
Date: January 03, 2013 08:53PM

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 08:50AM

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 10:34AM by BlahX3.
Mrkim Report This Comment
Date: January 04, 2013 10:34AM

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 (*facepalm*)

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 hot smiley

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 eye rolling
smiley

smoking
smiley
BlahX3 Report This Comment
Date: January 04, 2013 10:43AM

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 08:09AM

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 11:09AM

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 02:12PM

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 02:36PM

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 03:13PM

arrest the Rothchilds etc......NOW!! (*finger*)
quasi Report This Comment
Date: January 05, 2013 04:01PM

As soon as I capture the Loch Ness monster.
BlahX3 Report This Comment
Date: January 05, 2013 05:03PM

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 06:42PM

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 eye rolling
smiley

smoking
smiley
BlahX3 Report This Comment
Date: January 05, 2013 07:28PM

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 05, 2013 08:11PM

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 05, 2013 08:32PM

Are you willing to go through the austerities you believe to be necessary?
Mrkim Report This Comment
Date: January 05, 2013 08:54PM

I don't get a fuckin dime from the govt, are you blah cool smiley

smoking
smiley
quasi Report This Comment
Date: January 05, 2013 09:27PM

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 05:34AM

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 06:21AM

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 07:30AM

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 drinking
smiley

smoking
smiley
BlahX3 Report This Comment
Date: January 06, 2013 10:01AM

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 10:24AM

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 11:38AM by quasi.
fossil_digger Report This Comment
Date: January 06, 2013 11:06AM

hang 'em all for treason and start over. (*finger*)
woberto Report This Comment
Date: January 07, 2013 04:28AM

pro_junior Report This Comment
Date: January 07, 2013 06:12AM

what I think of whenever I hear "fiscal cliff"
Mrkim Report This Comment
Date: January 07, 2013 07:16AM

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 (*binladen*)

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 (*horse*)

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 eye rolling
smiley

smoking
smiley



Edited 2 time(s). Last edit at 07/01/2013 07:25AM by Mrkim.
jgoins Report This Comment
Date: January 07, 2013 08:22AM

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.