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Edited by Mrph1 on Nov 30th 2023 at 11:03:59 AM
It's one from Ron Paul, that cranky old hack.
Share it so that people can get into this conversation, 'cause we're not the only ones who think like this.It's true that one Chinese diplomat once said that we'd be China's "farm", and Europe their "boutique", but that was like Khrushchev waving his shoe. China has been consciously propping up our economy.
Not that I know anything about economics (Tomu?). But who can predict what would happen if they called in their debts? Not even china want that.
I'm a skeptical squirrelThe federal government could cancel every dollar of domestically held debt in the country tomorrow and the net change in national wealth would be zero. Of course, there would be side-effects; it would be a wealth transfer of unprecedented proportions and would probably trigger a huge confidence crisis in the finance sector. But the total quantity of dollars in circulation would be unchanged.
"It's Occam's Shuriken! If the answer is elusive, never rule out ninjas!"If you are interested in getting a proper response through FEMA to storms like Hurricane Sandy, you are not going to get that from Romney and Ryan.
The 2013 FEMA budget request is about 13.5 billion. Ryan's proposal to the FEMA budget is 3 billion. Romney's FEMA plan is 1 billion.
Remember Katrina? Imagine more of than without FEMA.
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We'd have to learn Chinese.
And generally speaking Oriental languages tend to be hard as f*ck to learn.
EDIT: Oh god another abortion derail. How how many does that make at this point? 5?
edited 29th Oct '12 4:55:27 PM by DeviantBraeburn
Everything is Possible. But some things are more Probable than others. JEBAGEDDON 2016ROMNEY: Absolutely. Every time you have an occasion to take something from the federal government and send it back to the states, that’s the right direction. And if you can go even further and send it back to the private sector, that’s even better.
Instead of thinking in the federal budget, what we should cut — we should ask ourselves the opposite question. What should we keep? We should take all of what we’re doing at the federal level and say, what are the things we’re doing that we don’t have to do? And those things we’ve got to stop doing, because we’re borrowing $1.6 trillion more this year than we’re taking in. We cannot…
KING: Including disaster relief, though?
ROMNEY: We cannot — we cannot afford to do those things without jeopardizing the future for our kids. It is simply immoral, in my view, for us to continue to rack up larger and larger debts and pass them on to our kids, knowing full well that we’ll all be dead and gone before it’s paid off. It makes no sense at all.
There you have it. Federal Bad. States Good. Private Better Than Good.
Furthermore, I think Guantanamo must be destroyed.@kostya: it's the same debate I linked to before. Specifically, he called any sort of deficit spending Immoral, and the moderator asked if that included disaster relief.
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According to Wikipedia 10,000,000 people in China speak can English.
Which seems like a lot until you realize that means only 0.83% of there population can speak English.
edited 29th Oct '12 4:59:22 PM by DeviantBraeburn
Everything is Possible. But some things are more Probable than others. JEBAGEDDON 2016SO TAX PEOPLE MORE AND CUT THE FUCKING MILITARY BUDGET! Those are the two biggest contributors to the deficit (or was that the debt?).
Also I'd say it's even more immoral to make people suffer now when we could be helping them. He's also ignoring that corporations have no incentive to help people.
Are you sure that number's accurate? That seems much lower than what I've heard before.
edited 29th Oct '12 5:00:27 PM by Kostya
The debt grows when you have a deficit. The deferal government gets money from taxes. Then it spends that money to carry out its duties. If there's more spending than income, the extra spending is called the deficit. The government covers this deficit by taking loans, which of course means debt.
Quod gratis asseritur, gratis negatur.

Thread hop.
I just saw a political ad that takes place in the future as a Chinese professor explains how America tried to outspend its recession to China and now how America is basically China's slave and the entire crowd of Chinese people start laughing evilly while the professor grins evilly at the camera.