If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|
Thread Tools | Display Modes |
#22
|
|||
|
|||
For Dogman
On Mon, 17 Oct 2011 02:41:01 +1000, Elmo
wrote: [...] If you are making payments, why is your debt increasing? Hey, Sgt. Preston, if we weren't making payments the entire global financial system would already have collapsed. Where do you get your news from anyway? Pravda? And our debt keeps increasing because the American people can't yet get it across to our elected representatives that we want them to STOP THE SPENDING! PERIOD! But in ~ 387 days, they'll get the message, and it'll come in loud and clear. You'll be able to hear it all the way up there in Canuckistan. Unless your head is still stuck up Rex's ass, that is. Now go get your "Power to the people!" poster and get back outside and "protest", along with all the other commie losers. TROLL. -- Dogman |
#23
|
|||
|
|||
For Dogman
On Sat, 15 Oct 2011 12:17:36 +1000, Elmo
wrote: On 15/10/2011 7:14 AM, Patricia Martin Steward wrote: Drudge is a poseur. Drudge has nothing to do with it, he didn't write the book, he just commented on it. That's patently obvious. But I'm just sayin'. -- We are becoming a country that believes the rich have earned their money but the well educated have not earned their intellectual superiority. This leads to a nation that idolizes Kardashians. Joel Stein, TIME, 8/23/10 |
#24
|
|||
|
|||
For Dogman
On Sun, 16 Oct 2011 14:57:53 -0400, Patricia Martin Steward
wrote: [...] We are becoming a country that believes the rich have earned their money Some have, some haven't. but the well educated have not earned their intellectual superiority. Some have, some haven't. For example, Joel Stein is well educated, but remains essentially clueless. He's "intellectually superior" to maybe Michael Moore, but that's on a good day. Joel Stein, TIME, 8/23/10 Moron. -- Dogman |
#25
|
|||
|
|||
For Dogman
On 17/10/2011 3:46 AM, Dogman wrote:
On Mon, 17 Oct 2011 02:41:01 +1000, wrote: [...] If you are making payments, why is your debt increasing? Hey, Sgt. Preston, if we weren't making payments the entire global financial system would already have collapsed. Paying the loans off you dimwit, not just the interest. You aren't reducing the debt, you are just treading water. Where do you get your news from anyway? Pravda? Not unless Pravda has relocated to the White House. My primary source of information is your own government, watching their petty squabbles and reading their press releases. |
#26
|
|||
|
|||
For Dogman
On 17/10/2011 5:25 AM, Dogman wrote:
On Sun, 16 Oct 2011 14:57:53 -0400, Patricia Martin Steward wrote: [...] We are becoming a country that believes the rich have earned their money Some have, some haven't. but the well educated have not earned their intellectual superiority. Some have, some haven't. For example, Joel Stein is well educated, but remains essentially clueless. He's "intellectually superior" to maybe Michael Moore, but that's on a good day. I suppose that anyone else who states the truth about the US economy is clueless too? I think that I would prefer to believe your own congress, Alan Greenspan, the World Bank, and China itself before fiscally illiterate boobs like you. Alan Greenspan has both the credentials and a lifetime of experience, you don't even have a grasp of basic fiscal reality. |
#27
|
|||
|
|||
For Dogman
On 17/10/2011 11:31 AM, Dogman wrote:
On Mon, 17 Oct 2011 10:46:07 +1000, wrote: On 17/10/2011 3:46 AM, Dogman wrote: On Mon, 17 Oct 2011 02:41:01 +1000, wrote: [...] If you are making payments, why is your debt increasing? Hey, Sgt. Preston, if we weren't making payments the entire global financial system would already have collapsed. Paying the loans off you dimwit, not just the interest. You aren't reducing the debt, you are just treading water. Again, moron, you asked why the debt is increasing. It's because we keep spending more than taxes bring in. I know why it is increasing, as does anyone who is sentient and capable of reading. I just wanted you to admit it. You spend huge amounts but have nothing to show for it other than more enemies and less international respect. Most countries' debts are a results of spending that has given their citizens advantage. It's really that simple, which means that you won't be able to understand it. I can understand you and there isn't much around that is simpler than you are. Tell you what...you worry about Canada's debt, and I'll worry about America's. I am not worried about Canada's debt, Canadians, aren't governed by fiscal illiterates, Canada doesn't start wars and escalate an already huge debt. Canada will eventually overcome it, Canada can see the light at the end of the tunnel. You are denying that there is a tunnel. |
#28
|
|||
|
|||
For Dogman
On 17/10/2011 11:41 AM, Dogman wrote:
On Mon, 17 Oct 2011 11:11:59 +1000, wrote: On 17/10/2011 5:25 AM, Dogman wrote: On Sun, 16 Oct 2011 14:57:53 -0400, Patricia Martin Steward wrote: [...] We are becoming a country that believes the rich have earned their money Some have, some haven't. but the well educated have not earned their intellectual superiority. Some have, some haven't. For example, Joel Stein is well educated, but remains essentially clueless. He's "intellectually superior" to maybe Michael Moore, but that's on a good day. I suppose that anyone else who states the truth about the US economy is clueless too? What kind of stupid question is that? Whose truth? Yours? Joel Stein's? There is only one truth. The true, unbiased record of events. The suggestion that there is more than one truth can only come from juvenile or mendacious minds. Yeah, riiiight. I think that I would prefer to believe your own congress, What would you like to believe about them? Alan Greenspan, the World Bank, and China itself Yet China continues to invest in our bonds! And the World Bank is basically funded by us, and we're its largest shareholder! China has begun cutting back on all US/foreign investment. All they are doing at the money is trying to protect their initial investment. before fiscally illiterate boobs like you. Alan Greenspan has both the credentials and a lifetime of experience, you don't even have a grasp of basic fiscal reality. Alan Greenspan helped to get us into this mess! So who should know better? Really, Sgt. Preston, please start talking about low-carb eating, something you may (or may not) know something about. I know a lot about low carb eating, I have been low carb for decades. You with your xenophobic BS are the one who started this little foray into political areas. Maybe you shouldn't have started it? Clearly, economics and America are things you know nothing about. I know a lot about economics, and I know what your own government, coupled with many other internationally renowned, well experienced and very fiscally aware authorities state. I know nothing about the imaginary America that you seem to live in. Do you have to go through the back of an old wardrobe to get there? |
#29
|
|||
|
|||
For Dogman
On Oct 16, 12:41*pm, Elmo wrote:
Show us where the entire Congress said the USA is responsible for the financial problems in Ireland, Greece or the rest of Europe. * You really don't know much about govt, do you. *You might find a loon or two out of 500 that said that, but we haven't even seen that from you, let alone the entire Congress. Your president is lying? Show us where Obama said the USA is responsible for the world's financial problems in places like Ireland and Greece. Ever heard of newspapers, news reports, magazines, media? Ever read the transcripts from congress, upper and lower? Apparently you've never read newspapers or transcripts from Congress, because if you did, you'd know there is no upper and lower. Ever read any media that isn't US centric? British, German, French? Apparently not. Maybe you had better tell him to stop apologising as if you are right, he has nothing to apologise for. It might give him more time for other things, like maybe running the country properly instead of running it into the ground. So, Obama is so incompetent that he's running the US into the ground but he's your source for what's wrong with America. Go figure. Your top economists who support the opinion of your government in their books, papers and articles are all lying? You could probably find some economists, who being America haters and socialists, would have that opinion. That your permanent response? Anyone academic or economist who has a valid and well researched opinion who doesn't think that the sun shines out of the US' ass is simply an America Hater? Ever heard of a certain habit associated with Ostriches? But I'd still like you to find one that says the problems in Greece, Ireland, etc are the fault of the USA. In other words, you have no such economist. Even the banks abroad that were directly impacted by the mortgage crisis here have no excuse. *Everyone knew the US housing market had gone way up for years, escalating even more sharply after 2000. And any banker with any brain and/or experience knows that these bubbles end badly. Except the American bankers. Right - got you. No fool. I never said the American bankers did not make those same mistakes. Only that to lay the blame on them for what is happening in places like Greece and Ireland is totally bogus. Those countries got where they are by years of excessive spending on socialist welfare states. And any banks around the world that had too much exposure to sectors of the US and were harmed by it did so on their own and are just as negligent as any financial institution in the USA. Got it now? So, if they held debt obligations linked to those markets, how is it the fault of the USA and not their own greed and stupidity? They trusted the US when it kept saying that it could control things fiscally. LOL. Who exactly said that? No one needed to say it because no one saw the real estate meltdown coming. That's how it goes with most financial meltdowns and recessions. To believe your case, you'd have to believe banks in Europe had exposure to real estate in the USA without knowing how fast it had gone up, how far, and that loans were being made with little or nothing down. Yes, I'll have another helping of a billion dollars of those CMO's please, no need to check them out.... Are Canadian bankers that stupid that they can't figure out how secure any of their investments are? And when some of them blow up, instead of being adults and taking responsibility, do they whine about it being the US that "mislead" them? I think that you have a problem with reality. Really? * You're the one that claimed China owns all the US debt, when in fact it's 8%. I said that China holds the majority of US foreign debt, Just how stupid are you? 8% is NOT a majority. that it holds more than any other nation. It does, that is indisputable. The US is in hock to China. As far as foreign countries, yes, China does hold the most. It's narrowly more than that which Japan owns. It's 8% of the total debt. So what? What countries own Canada's debt? Foreign countries are lining up to buy US debt because they know that in these uncertain times, it's still one of the safest investments in the world. Those buying US govt securities clearly do not have a problem, it's only you with no skin in the game, who do. You're the one that claimed the USA govt is so deep in debt it can't make payments... If you are making payments, why is your debt increasing? Because while making those payments, we are continuing to borrow more. And lenders, unlike you, obviously have high confidence in our ability to repay it, otherwise they would not be doing so at 3% interest rates, now, would they? Yes, if it continues unabated, it will eventually reach a crisis. But that is a big IF and we're clearly nowhere near that yet. The only thing that you have done is play games with interest rates and devalue your currency to make the effective debt less. You aren't repaying it, and you are still trying to borrow. America is broke - ask the White House. Then why is Canada also not broke? Your govt debt to GDP is about the same. And why is Japan, with a debt ratio 2.5X that of the USA, not way ahead of everyone else? Why aren't you sounding the alarm about those countries? Once the proper steps are taken after the next election, the US economy will recover. A recovery from recession has always occured and only a fool would bet against it. Economic growth makes a huge impact on closing the deficit and together with spending cuts and restraint the budget deficit will shrink. That is what those buying US bonds know. As for you, since you're not even in the game, and think 8% is a majority, why would anyone listen to you? It would also be a good thing if you could learn to trim posts. |
#30
|
|||
|
|||
For Dogman
On 10/16/2011 10:31 PM, Dogman wrote:
On Mon, 17 Oct 2011 10:46:07 +1000, wrote: On 17/10/2011 3:46 AM, Dogman wrote: On Mon, 17 Oct 2011 02:41:01 +1000, wrote: [...] If you are making payments, why is your debt increasing? Hey, Sgt. Preston, if we weren't making payments the entire global financial system would already have collapsed. Paying the loans off you dimwit, not just the interest. You aren't reducing the debt, you are just treading water. Again, moron, you asked why the debt is increasing. It's because we keep spending more than taxes bring in. It's really that simple, which means that you won't be able to understand it. Tell you what...you worry about Canada's debt, and I'll worry about America's. http://www.debtclock.ca/ Troll. -- Dogman So comparing US to Canada. http://www.brillig.com/debt_clock/ We find that the per person debt share of the national debt is three times higher for Americans than for Canadians. How did that happen? Canada has more social welfare programs than the US. -- jw "The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt." -- Bertrand Russell "What can be asserted without proof can be dismissed without proof." - Christopher Hitchens. |
Thread Tools | |
Display Modes | |
|
|