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Government Shutdown; The Debt Ceiling

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Spiri7o
Posts: 2163 - Karma: 1,100
Opinions on what's going on? What will happen in the future?

Information on the solution? Or what you think we should do
Oct 17 2013 9:17PM
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the.hellion.
Posts: 861 - Karma: 698
I don't have a fucking clue.



I just want to point out that the Canadian and American governments are technically going back to work the same day. Oh yeah, the Canadian government was shut down too, or rather more elegantly, prorogued.
Oct 17 2013 9:28PM
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Wallisch_pl
Posts: 5260 - Karma: 1,022
NWO

we r legon

epxect us

1337 haxxor

we r anymouse

shut up mom im doin a video


Oct 17 2013 10:13PM
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theabortionator
Posts: 51738 - Karma: 163,438
WE'RE ALL GONNA DIE
Oct 17 2013 10:18PM
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Spiri7o
Posts: 2163 - Karma: 1,100
I wish
Oct 17 2013 10:46PM
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Ben.
Posts: 21463 - Karma: 683
Asks for opinions on the govt shutdown and debt ceiling



The day after the ceiling is raised and the govt is funded.
Oct 17 2013 11:27PM
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Spiri7o
Posts: 2163 - Karma: 1,100
They are taking out their investments too
Oct 17 2013 11:42PM
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SFB
Posts: 8895 - Karma: 26,353
actually china doesnt own that much of our debt. we own most of the debt.
Oct 17 2013 11:42PM
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Spiri7o
Posts: 2163 - Karma: 1,100
They own like 3 trillion I believe, out of the 16.7
Oct 17 2013 11:44PM
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SFB
Posts: 8895 - Karma: 26,353
i dont think its even that much but i am not 100% sure.
Oct 17 2013 11:46PM
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Mr.LemonPie
Posts: 4100 - Karma: 1,625
Honestly does it really matter at all if the US is in loads of debt to China. I mean over the course of history we've seen loads of countries come to resolutions over astounding debt, no reason it wouldn't happen again. I mean honestly, what would China do if we just said, 'fuck it we're not paying you back?'
Oct 18 2013 12:14AM
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MilaKunis
Posts: 1480 - Karma: 3,646
I Think it's only like 7% to china. Ima go look it up
Oct 18 2013 12:16AM
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MilaKunis
Posts: 1480 - Karma: 3,646
Everything is pretty old but when it was at 16.8 trillion they owned 1.3 trillion. So really not that much in context.
Oct 18 2013 12:18AM
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gotti
Posts: 4269 - Karma: 4,550
its also because china fucking needs the american economy to do well because our outsourcing provides tons of jobs over there.
Oct 18 2013 12:21AM
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El.
Posts: 221 - Karma: 845
The government is back up and funded just FYI.
Oct 18 2013 12:25AM
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Spiri7o
Posts: 2163 - Karma: 1,100
I wouldn't say they need us
Oct 18 2013 12:26AM
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Spagett+
Posts: 3499 - Karma: 14,884
K2 skis are already made In china.
Oct 18 2013 12:33AM
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CassiusClay
Posts: 1757 - Karma: 2
Exactly. In the end, it doesn't matter much what America does- will China invade if they aren't paid? No. Round two of the ceiling was pretty lame, I was put-ing for fireworks. Licking some cuts. On standby for some noise on the Atlantic front- when will EURO trouble resurface?
Oct 18 2013 12:35AM
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SFB
Posts: 8895 - Karma: 26,353
your mom is already made in china.
Oct 18 2013 12:36AM
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Wallisch_pl
Posts: 5260 - Karma: 1,022
I can't stop laughing at this

I can't find the original picture too! :(
Oct 18 2013 9:54AM
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Zimmerman
Posts: 6992 - Karma: 1,021
Future USA will look no different from Obama's home country, Kenya.
Oct 18 2013 10:09AM
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DockEllis
Posts: 1131 - Karma: 1,745
So are we all going to get way faster at running?
Oct 18 2013 10:29AM
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Stainr
Posts: 1186 - Karma: -1,150
0 fucks givin
Oct 18 2013 10:34AM
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Mr.Huck
Posts: 6096 - Karma: 14,901
Well for starters, do you think that they are likely to loan us more money if we go that route? If we do that to one country, any other country that loans us money is going to demand a higher interest rate. You can conduct your own experiment if you want. Get as many credit cards as you can, max them out and tell the credit card companies to fuck off. Then see what happens. Most real jobs require a credit check before they will hire you. So basically, you will be qualified for a job in male prostitution. Good luck with that.

The concern is not that China will launch nukes or invade us if we don't pay our debt. The concern is that there is a significant recession in the far East and they are unable or unwilling to loan us more money. Then the only way to prevent a government shutdown is to print more money. The government stays open, but the price of a loaf of bread goes up to $10.

Whether you are an individual or a country, if you spend more than you make, you will eventually go broke.

Oct 18 2013 11:14AM
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Huck_Norris
Posts: 11487 - Karma: 18,627
Lolcreditunderstandingfail






Oct 18 2013 11:20AM
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Zimmerman
Posts: 6992 - Karma: 1,021
Precisely
Oct 18 2013 11:50AM
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spliff.Life
Posts: 7847 - Karma: 1,549
that wouldnt be too bad, theres a lot of overweights that could use it
Oct 18 2013 12:15PM
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Mr.LemonPie
Posts: 4100 - Karma: 1,625
I don't know that doesn't seem too bad to me...

But I do understand the negatives of a person having bad credit. The banks rule the world, if you owe them money there really isn't anything to protect you. I get that completely. I just think that in this world, where creating new money is changing numbers on a computer massive debt is just a joke. Why would we need loans if we just stopped paying all of our debt? We could still print out USD and give loans for all it mattered.

What if we just minted coins that were worth a trillion dollars each and pay off all our debt? It would devalue the currency at first, but as currency worth is all speculative now a debt free American government would be able to support the most powerful economy in the world much better than it does now. As the economy recovers from the initial shock we'd be sweet as and debt free...

I don't know anything about economics. I just think that the global economic system since the 1970s has just been spiraling downhill, and now in the digital age I really just see it as a joke. I'm really not interested in ways to fix the system, I'm interested in how to tear it down and see what other options there are.
Oct 18 2013 3:11PM
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Mr.Huck
Posts: 6096 - Karma: 14,901
Click for larger image
Oct 18 2013 3:45PM
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bigbromskier
Posts: 1175 - Karma: 330
In a nutshell, goods and services are worth whatever investment the free market deems appropriate in return. With little or no return, the provider of goods and services would usually cease to provide such products, or improve them to attract more investment to at least break even, which is what the US would do were it a smart businessman/woman.

So basically to balance its budget the US must make its services--healthcare, infrastructure, and military etc--worth paying more for. Either taxable citizens pay up, which I think is a worthy investment for quality healthcare and infrastructure for all, but does it really benefit our population to be galavanting across the globe with battleships and tanks in tow when the money comes out of our pockets? Maybe in the time of Teddy Roosevelt, who started these imperialistic notions, but also had a strong economy to back those expenses. Of course, he wasn't spending into the trillions, a la Dubya, who simultaneously drove his economic backing into the ground. Broad statement, but broadly true.

I'm trying to see all sides, but wouldn't it make sense to improve our own country with what resources we have, rather than throwing all of our money, which we don't have, into a non-refundable pit in the Sahara Desert? I'm hopeful that there will be some serious reconsidering of our military expenditures as this series of recent events showed that, perhaps, Americans do want accessible healthcare and that building partisan stonewalls only drowns oneself deeper in the pit of selfish ideological tea. Let it be known that if it weren't for their incredibly old school social views, many democrats would probably consider themselves moderate republicans and even side with them. Sadly for those moderate republicans, their radical brethren really blew it. So now that the Reds are admittedly at rock bottom, hopefully we make some rational agreements in discussing how to fix our finances.
Oct 18 2013 7:19PM
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GLaDOS
Posts: 13 - Karma: 29
We should flood congress with a deadly neurotoxin
Oct 18 2013 11:59PM
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