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Pensacola Discussion Forum » General Discussion » For Ghandi's Bitch: The escalating United States Debt is scary and it's not just b.s.

For Ghandi's Bitch: The escalating United States Debt is scary and it's not just b.s.

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Margin Call
TEOTWAWKI
Hospital Bob
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Hospital Bob

Hospital Bob

We passed this milestone early in the year...

http://usatoday30.usatoday.com/news/washington/story/2012-01-08/debt-equals-economy/52460208/1

And this is where we're headed...

http://www.cnbc.com/id/43984077/US_Less_Than_3_Years_Away_From_Being_Greece_Walker

TEOTWAWKI

TEOTWAWKI

Grease is the word...

Margin Call

Margin Call

Greece will be fine once Goldman Sachs buys it for pennies on the Euro.

As for the USA, Chairman Bernanke's job becomes even more important as he must keep the bond market boogeymen calm. FYI, 2012 interest on US debt was less than it was in 1998.

Guest


Guest

Grease is not a issue. Use Olive Oil..........................or Lard

Hospital Bob

Hospital Bob

Margin Call wrote: FYI, 2012 interest on US debt was less than it was in 1998.
from the CBO

For Ghandi's Bitch: The escalating United States Debt is scary and it's not just b.s. Entitlement%20Spending%20Chart_0

Hospital Bob

Hospital Bob

This chart by Mercatus Center Senior Research Fellow Veronique de Rugy examines likely options for the long-term cost of carrying the debt held by the public if investors begin to demand higher interest rates. This chart compares the Congressional Budget Office Alternative projection of net interest costs, which incorporates likely policy changes while assuming that the interest remains constant at just below 5%, with these same projections at long-term interest rates of 6% and 7%. At an interest rate of 6%, the interest cost of the debt balloons to 59.8% of GDP by 2084, at an interest rate of 7%, this cost more than doubles to 136% by 2084.

United States debt is primarily held short-term, and had long-benefitted from low interest rates due to its level of security relative to other sovereign debt.

For Ghandi's Bitch: The escalating United States Debt is scary and it's not just b.s. Interest-payments-balloon2smaller_0

Hospital Bob

Hospital Bob

Our Unsustainable Debt

http://reason.com/archives/2010/05/11/our-unsustainable-debt

TEOTWAWKI

TEOTWAWKI

For Ghandi's Bitch: The escalating United States Debt is scary and it's not just b.s. 561716_4908463557565_2021453820_n

Hospital Bob

Hospital Bob

For Ghandi's Bitch: The escalating United States Debt is scary and it's not just b.s. Moonshop4

Markle

Markle

Margin Call wrote:Greece will be fine once Goldman Sachs buys it for pennies on the Euro.

Goldman Sachs, most of the folks now work in this administration, does that mean we're getting another state like California?

As for the USA, Chairman Bernanke's job becomes even more important as he must keep the bond market boogeymen calm. FYI, 2012 interest on US debt was less than it was in 1998.

Yes, the interest rates today are less than 1/3 what they were in 1998.

Also, this is the money supply since...1998. What do you think will happen when interest rates increase AND the Fed is forced to wring that extra cash out of the supply?
For Ghandi's Bitch: The escalating United States Debt is scary and it's not just b.s. MoneySupplyJuly2012

http://research.stlouisfed.org/fred2/graph/?s[1][id]=AMBNS

Guest


Guest

From other accounts what happens is so quick and devastating that the huddled masses die willingly.

Hospital Bob

Hospital Bob

The really depressing thing is the catch 22 we're now faced with.
Which is there is no longer any painless solution to this. Any significant attempt to deal with the deficit will also be recessionary. Which of course will result in other economic suffering.
It's like a malignant cancer that keeps growing but the cure for it can cause a heart attack.


Guest


Guest

Yep... what those idiots were doing fiddling with healthcare boggles my mind. The only real chance to solve the immediate problems was/is private growth. Running capital through the govt or taxing biz is a bad idea.

Sal

Sal

Bob wrote:We passed this milestone early in the year...

http://usatoday30.usatoday.com/news/washington/story/2012-01-08/debt-equals-economy/52460208/1

And this is where we're headed...

http://www.cnbc.com/id/43984077/US_Less_Than_3_Years_Away_From_Being_Greece_Walker

Pitiful, Bob.

David Walker is an entitlement slashing obsessed wanker.

The truth of the matter is that an economic recovery coupled with controlled health care costs erases the debt.

It's just math.

I realize it eludes you, as it did David Walker who endorsed a candidate whose plan would've blown a $5 trillion hole in the budget.

You are a sheep.

Enjoy your fleecing.

Guest


Guest

For Ghandi's Bitch: The escalating United States Debt is scary and it's not just b.s. Images?q=tbn:ANd9GcSJ41UfOAKFhileI_FAm3ktHCU4tbr-amq-mmyTtI-xdCJCrz4h

Controlled health care costs?

The only control that seems to be in effect there is the increases as they go...

*****SMILE*****

https://www.youtube.com/watch?v=JsVgSqAwSEI

Smile

Guest


Guest

Damaged Eagle wrote:

Controlled health care costs?


Yeah i'm scratching my head over that one.

Hospital Bob

Hospital Bob

Ghandi_is_my_bitch wrote:

David Walker is an entitlement slashing obsessed wanker.

The truth of the matter is that an economic recovery coupled with controlled health care costs erases the debt.

It's just math.

I realize it eludes you, as it did David Walker who endorsed a candidate whose plan would've blown a $5 trillion hole in the budget.

You are a sheep.

Enjoy your fleecing. [/font]

Which recovery is that? We're now in the longest period of either recession or almost no growth in 60 years. And there is absolutely nothing to give any indication that this will not continue or even worsen. The stock market is predicting the latter right now. The Dow has lost a thousand points in the last month. The largest corporation in America, which has been about the only positive force in the American economy in recent years, has just lost 15% of it's market cap in the last month.
This period of high unemployment is now the longest since the Depression with no signs of abatement. And at the same time we have fewer jobs and less wages to pay into the entitlement funds, we're about to experience the biggest growth in entitlement recipients since entitlements were first conceived.
Yes this would be the same with a romney as it is with an obama. The country has entered a period of long-term decline and it's political institutions are now becoming mostly irrelevant.





Hospital Bob

Hospital Bob

"Erase the debt".
No one with an IQ higher than a toaster, or even lower than a toaster for that matter, except only you, has any notion of that. Even the loftiest claim of any politician and any economist is that we will do nothing better than slowing the growth of the annual deficit. And that is proving to be so difficult politically that even that could well be just a pipedream.
The "Erase the debt" theory? That's right up there with the we-didn't-go-to-the-moon theory. lol

Hospital Bob

Hospital Bob

Ghandi_is_my_bitch wrote:
It's just math.
Yes it is. lol

Hospital Bob

Hospital Bob

This morning is revealing even more "math" for you...

LONDON (AP) — The 17-country eurozone has bowed to the inevitable and fallen back into recession for the first time in three years as a sprawling debt crisis took its toll on the region’s stronger economies.

And with surveys pointing to increasingly depressed conditions across the eurozone at a time of high unemployment in many countries, there are fears that the recession will deepen, and make the debt crisis even more difficult to handle.


http://www.boston.com/news/world/europe/2012/11/15/eurozone-back-recession/SI7GjUDDOwtja8QVCOv1QP/story.html

Margin Call

Margin Call

Markle wrote:
Margin Call wrote:Greece will be fine once Goldman Sachs buys it for pennies on the Euro.

Goldman Sachs, most of the folks now work in this administration, does that mean we're getting another state like California?

As for the USA, Chairman Bernanke's job becomes even more important as he must keep the bond market boogeymen calm. FYI, 2012 interest on US debt was less than it was in 1998.

Yes, the interest rates today are less than 1/3 what they were in 1998.

Also, this is the money supply since...1998. What do you think will happen when interest rates increase AND the Fed is forced to wring that extra cash out of the supply?
For Ghandi's Bitch: The escalating United States Debt is scary and it's not just b.s. MoneySupplyJuly2012

http://research.stlouisfed.org/fred2/graph/?s[1][id]=AMBNS

"Wring" the extra cash out? Not gonna happen: QE-eternity.

Margin Call

Margin Call

Ghandi_is_my_bitch wrote:
Bob wrote:We passed this milestone early in the year...

http://usatoday30.usatoday.com/news/washington/story/2012-01-08/debt-equals-economy/52460208/1

And this is where we're headed...

http://www.cnbc.com/id/43984077/US_Less_Than_3_Years_Away_From_Being_Greece_Walker

Pitiful, Bob.

David Walker is an entitlement slashing obsessed wanker.

The truth of the matter is that an economic recovery coupled with controlled health care costs erases the debt.

It's just math.

I realize it eludes you, as it did David Walker who endorsed a candidate whose plan would've blown a $5 trillion hole in the budget.

You are a sheep.

Enjoy your fleecing.

Paying down the debt causes recessions - not gonna happen. Reducing the debt/GDP ratio is the best you can hope....even so, you better pray the Fed can control the bond market. The world could change in a matter of days or minutes if the Fed can't maintain confidence.

2seaoat



I just posted in another thread where experts say that approximately 10 of our 20 trillion debt in 2018 will be directly a result of two wars and the Bush tax cuts. It took 12 years to make this mess, and it will take 20 years to fix the mess. What we have in America is not a debt crisis, but a job crisis.

We focus our national policy on revitalizing our industrial sector with aggressive changes in the tax code, funded by the immediate repeal of the Bush tax cuts for high income folks, and a decade long gradual elimination of the tax cuts for everyone, and we will have a path to more sustainable debt to GDP ratios. Grow the GDP with job creation, and debt becomes an increasingly smaller part of our problem.

However, as we were talking about art this morning and the value of the same.....what exactly is the value of anything when the fed can pump dollars into circulation? The truth is the United States remains the 400 lb gorilla in the room with increasing productivity, the world's breadbasket, and energy basket.......nope. Austerity is simply the wrong direction at this time when growth of our GDP can reduce debt, and quick answers do not reflect the slow deliberate march into the Abyss which the last 30 years represents with the likes of Mitt Romney exporting our jobs and allowing the finacialization of America.....nope, eventually inflation will be a factor, but when we have the potential to eliminate a huge percentage of our 800 billion annual energy imports.....the dollar will remain relatively stable despite the fed.....we are finally turning this ship around, and the American people have given us the correct direction.

Hospital Bob

Hospital Bob

2seaoat wrote:I just posted in another thread where experts say that approximately 10 of our 20 trillion debt in 2018 will be directly a result of two wars and the Bush tax cuts.

Of course that's a contributor. But so is this and to ignore it is just denial...

https://www.google.com/search?q=growth+in+entitlement+spending&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a

Hospital Bob

Hospital Bob

Margin Call wrote:you better pray the Fed can control the bond market. The world could change in a matter of days or minutes if the Fed can't maintain confidence.
Please elaborate on this. In the words of the esteemed W.D. Childers, please "get this hay down to where us goats can get at it".

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