what was the best time in American history?

Thing1 said:
The dismissal of the debt as any kind of concern is pretty alarming.

The thing is, no one knows for sure what it means. There are guys who have been spot on w/ everything financial for decades who see a market correction of anywhere from 50-90% coming (90%!), because of the debt & what Bernanke is doing. On the opposite side of the spectrum, there are those who say it's no worry at all, and doesn't mean anything.

The certainty on either end bothers me. We've never seen this level of debt; we've never had the Fed do anything like what they're doing by pumping money into the economy at this level. The only thing we are certain of is that this is something that is out of control, and that no one really understands.

And if you're worried about Social Security, there is MUCH more of a danger to it empircally by skyrocketing debt than by people using the debt as an excuse to gut it. SS is on its last legs right now.
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Anyone wants to prove to me that they are completely impervious to facts, just post that.
 
Darla said:
Anyone wants to prove to me that they are completely impervious to facts, just post that.
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Keep your head in the sand; that's fine, for you - but not for seniors & future seniors. The writing is on the wall w/ SS right now. Even the most optimistic prognosticators say we'll need a 25% cut by 2037 to keep it going.

Darla, what are you basing your debt comments on? Have you read anything about it or the economics of it outside of Dung's posts on this board?
 
Darla said:
Oh really, and were any of those increases due to anything Bush might have done and kept off the books? Like say the costs of the wars? The cost of his tax cuts which he "sunsetted" to hide? Anything else? Could that be possible?

Is the deficit increasing or decreasing? And did the CBO forecast the federal debt shrinking for the rest of Obama's term by any chance?
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1) Yes, the first year was to shore up the financial crisis.
2) Yes, the first year the costs of the wars was due to Bush
3) You think there was some magical cost to the tax cuts that occurred in 2010?
4) Do you understand the difference between deficit and debt? When you raise deficit spending by 3 fold and keep it there for four years, you don't get to claim victory because you reduce it by 40%... you are still far above the worst levels under Bush.
 
Thing1 said:
Keep your head in the sand; that's fine, for you - but not for seniors & future seniors. The writing is on the wall w/ SS right now. Even the most optimistic prognosticators say we'll need a 25% cut by 2037 to keep it going.

Darla, what are you basing your debt comments on? Have you read anything about it or the economics of it outside of Dung's posts on this board?
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No I haven't. I get all my information from Dung's posts. Sometimes he has to read them to me because I don't understand his charts, but he is good enough to do that for me.
 
Thing1 said:
Keep your head in the sand; that's fine, for you - but not for seniors & future seniors. The writing is on the wall w/ SS right now. Even the most optimistic prognosticators say we'll need a 25% cut by 2037 to keep it going.

Darla, what are you basing your debt comments on? Have you read anything about it or the economics of it outside of Dung's posts on this board?
Click to expand...



How about we pay back what we took from it.

a nice raise on the top 1% like in the 1940s would do it
 
Thing1 said:
The dismissal of the debt as any kind of concern is pretty alarming.

The thing is, no one knows for sure what it means. There are guys who have been spot on w/ everything financial for decades who see a market correction of anywhere from 50-90% coming (90%!), because of the debt & what Bernanke is doing. On the opposite side of the spectrum, there are those who say it's no worry at all, and doesn't mean anything.

The certainty on either end bothers me. We've never seen this level of debt; we've never had the Fed do anything like what they're doing by pumping money into the economy at this level. The only thing we are certain of is that this is something that is out of control, and that no one really understands.

And if you're worried about Social Security, there is MUCH more of a danger to it empircally by skyrocketing debt than by people using the debt as an excuse to gut it. SS is on its last legs right now.
Click to expand...


Bullshit. We are 30 years away from spending what has already been collected. This is all an attempt by truly diseased minds to raise the retirement age on manual laborers to 70.
Can you imagine carrying hods of bricks up ladders until you are seventy? I didn't think so. Nor can any fat assed Senator who never lifted anything heavier than a shot glass or a silicon boob in their lives.

Why are you falling for this bullshit Oncelor? Why have you bought into this pack of lies?
By the way, if you are worried about devaluation, spend all your cash.
 
Rune said:
Bullshit. We are 30 years away from spending what has already been collected. This is all an attempt by truly diseased minds to raise the retirement age on manual laborers to 70.
Can you imagine carrying hods of bricks up ladders until you are seventy? I didn't think so. Nor can any fat assed Senator who never lifted anything heavier than a shot glass or a silicon boob in their lives.

Why are you falling for this bullshit Oncelor? Why have you bought into this pack of lies?
By the way, if you are worried about devaluation, spend all your cash.
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You rock
 
Superfreak said:
1) Yes, the first year was to shore up the financial crisis.
2) Yes, the first year the costs of the wars was due to Bush
3) You think there was some magical cost to the tax cuts that occurred in 2010?
4) Do you understand the difference between deficit and debt? When you raise deficit spending by 3 fold and keep it there for four years, you don't get to claim victory because you reduce it by 40%... you are still far above the worst levels under Bush.
Click to expand...

Stop lying Simp, even you don't believe that.
 
Rune said:
Bullshit. We are 30 years away from spending what has already been collected. This is all an attempt by truly diseased minds to raise the retirement age on manual laborers to 70.
Can you imagine carrying hods of bricks up ladders until you are seventy? I didn't think so. Nor can any fat assed Senator who never lifted anything heavier than a shot glass or a silicon boob in their lives.

Why are you falling for this bullshit Oncelor? Why have you bought into this pack of lies?
By the way, if you are worried about devaluation, spend all your cash.
Click to expand...

What is bullshit? Do you really think the debt doesn't matter?

As for SS, there was an article on CNN just yesterday saying that the medical community is on the cusp of extending lifespans to 110, even 120, within the next decade or so.

What do you think that will do to SS?
 
Thing1 said:
Keep your head in the sand; that's fine, for you - but not for seniors & future seniors. The writing is on the wall w/ SS right now. Even the most optimistic prognosticators say we'll need a 25% cut by 2037 to keep it going.

Darla, what are you basing your debt comments on? Have you read anything about it or the economics of it outside of Dung's posts on this board?
Click to expand...

Not going to happen. They will eventually put a fix in for SS. A donut hole is problem the approach they will take. They won't cut bene's. They may adjust COLA down. They may increase the full retirement age for those under 50, but they are not going to cut bene's by 25%. SS is a minor problem. Medicare is the big problem looming on the horizon when it comes to the social programs.
 
Thing1 said:
Keep your head in the sand; that's fine, for you - but not for seniors & future seniors. The writing is on the wall w/ SS right now. Even the most optimistic prognosticators say we'll need a 25% cut by 2037 to keep it going.

Darla, what are you basing your debt comments on? Have you read anything about it or the economics of it outside of Dung's posts on this board?
Click to expand...

Nice self contradiction there Oncie. must be nice. I want some of that shit too, and I also smoked some damn fine weed this weekend.
 
Superfreak said:
Not going to happen. They will eventually put a fix in for SS. A donut hole is problem the approach they will take. They won't cut bene's. They may adjust COLA down. They may increase the full retirement age for those under 50, but they are not going to cut bene's by 25%. SS is a minor problem. Medicare is the big problem looming on the horizon when it comes to the social programs.
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I disagree, wholeheartedly. The ONLY fixes for SS in the future will be radical extensions of the retirement age, and cuts to bene's.

Even if they didn't need that, the payouts will eventually be way, way too low to compensate for any kind of living wage.
 
evince said:
this debt is LESS than the WWII and great depression debt you liars.

How did we solve it that time?
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our economy boomed due to lack of global competition and the two parties worked to pay down the debt so as not to stick future generations with their expenses.
 
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