Fiscal Cliff

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Fiscal Cliff

Postby Phatscotty on Fri Dec 28, 2012 3:36 am

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Last edited by Phatscotty on Fri Jan 04, 2013 12:56 am, edited 3 times in total.
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Re: Fiscal Cliff

Postby Ray Rider on Fri Dec 28, 2012 3:45 am

heh lol @ lesson 2, lesson 1 is a good comparison I've heard before.

Speaking of the fiscal cliff though, what do you think is going to happen? Looks to me like no compromise will be made in time; or if so, it'll be too little and only postpone the hard choices till later. Seems like the vast majority of US politicians aren't interested in doing what's best for the country in the long run, but would rather do whatever it takes to gain reelection. It would be interesting to see what would happen if a two term limit was created for all senators and congressmen...

In any case, I'm not looking forward to how the disaster unfolding down south will affect us in Canada...even though our politicians have handled the economy generally quite well for the past 15+ years, it will be tough to weather the storm of another US recession.
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Re: Fiscal Cliff

Postby rdsrds2120 on Fri Dec 28, 2012 3:50 am

The last time I took political advice from paper on a board I was standing outside a college campus.

I now have 3 piercings and an illegitimate son. Whuh-oh!

BMO
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Re: Fiscal Cliff

Postby Phatscotty on Fri Dec 28, 2012 3:51 am

I suppose the only thing that matters on any piece of paper are the words and the messages that are written on it
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Re: Fiscal Cliff

Postby saxitoxin on Fri Dec 28, 2012 4:00 am

rdsrds2120 wrote:I now have 3 piercings and an illegitimate son. Whuh-oh!


WHO YOUR BABY DADDY, RDS?
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Re: Fiscal Cliff

Postby BigBallinStalin on Fri Dec 28, 2012 5:26 am

PS is kinda like this:



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He's shooting all over the place, but occasionally he does hit something.
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Re: Fiscal Cliff

Postby rdsrds2120 on Fri Dec 28, 2012 5:41 am

saxitoxin wrote:
rdsrds2120 wrote:I now have 3 piercings and an illegitimate son. Whuh-oh!


WHO YOUR BABY DADDY, RDS?


Don't play coy with me. I saw that sparkle in your eye -- those roofies in your hand. The court date's tomorrow. Bring vitamins and my habit-forming Claritin that I had left on the nightstand.

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Re: Fiscal Cliff

Postby Phatscotty on Sat Dec 29, 2012 12:57 pm

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Re: Fiscal Cliff

Postby Night Strike on Mon Dec 31, 2012 6:07 pm

When Bush was president, the tax cuts only benefited the evil rich people while the middle class had no benefit and were actually harmed by having to "fund" the tax cuts for the rich.

When Obama is president, the tax increases due to those very same cuts expiring would cause a massive burden to the middle class.


So where Democrats lying then or lying now? Hypocrisy at its finest.
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Re: Fiscal Cliff

Postby tzor on Mon Dec 31, 2012 8:06 pm

I used to think (like all good conservatives) that debt was an evil thing. Then I started reading an interesting book on capitalism.

Let's face it, massive spending is the problem. When we create deficits because of massive spending, that is a problem. Even if we could tax our way out of it (BUT WE CAN'T) it would still be a problem.

But the existing debt WAS a problem. You see the people who own our debt actually share in our problem. What do they get for their investment? Dollars. What can they do with Dollars? Well they can "pass the buck" assuming that someone else wants those Dollars but in the end the only thing a Dollar is good for is an American good or service. And that's a good thing.

So the real problem is not the existing debt, but continued spending to the point where on the one hand no one wants any more of our debt and finally everyone decides to cut their losses and sell the debt at a loss to everyone.

So we are back to spending. Something a Democrat will never, ever, absolutely, understand.
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Re: Fiscal Cliff

Postby Phatscotty on Mon Dec 31, 2012 8:20 pm

Good points. Just want to add debt is what we make it. It's not evil, but the truth is the temptation to overdo it proves a little too strong for human nature and our decision making process.

The "evil" part comes from the consequences of debt mismanagement, in that is can destroy lives, families, even entire economies. It can result in entire cities starving to death.

When debt gets out of control is when the biggest problems happen, because human nature just wants to borrow more. Thinking about tomorrow is overshadowed by our greed for xyz today. We hit the point where we had to borrow just to make the interest payments on our debt a little over a year ago. I don't pray often, but I have been praying that Americans would wake the f*ck up concerning or debt and our spending, for crying out loud! That's why, for me and politics, everything is on hold except for spending and debt issues. Whoever is going to address those concerns is going to get my support and my vote, and I don't care if it's a Democrat or a Republican.

And I am tragically sad for America that our debt is way out of control, and our leaders are pouring jet fuel on the debt fire, and the consequences will be felt around the world, and us defaulting on our monetary promises to foreign powers will probably be the catalyst for an invasion in the future.
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Re: Fiscal Cliff

Postby Phatscotty on Mon Dec 31, 2012 10:34 pm

This video nails it. Decent acting too

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Re: Fiscal Cliff

Postby Woodruff on Tue Jan 01, 2013 1:46 am

Phatscotty wrote:That's why, for me and politics, everything is on hold except for spending and debt issues. Whoever is going to address those concerns is going to get my support and my vote, and I don't care if it's a Democrat or a Republican.


You mean like Gary Johnson, the Libertarian that you refused to support or vote for?
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Re: Fiscal Cliff

Postby Phatscotty on Tue Jan 01, 2013 1:49 am

Woodruff wrote:
Phatscotty wrote:That's why, for me and politics, everything is on hold except for spending and debt issues. Whoever is going to address those concerns is going to get my support and my vote, and I don't care if it's a Democrat or a Republican.


You mean like Gary Johnson, the Libertarian that you refused to support or vote for?


Who?
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Re: Fiscal Cliff

Postby Woodruff on Tue Jan 01, 2013 4:47 am

Phatscotty wrote:
Woodruff wrote:
Phatscotty wrote:That's why, for me and politics, everything is on hold except for spending and debt issues. Whoever is going to address those concerns is going to get my support and my vote, and I don't care if it's a Democrat or a Republican.


You mean like Gary Johnson, the Libertarian that you refused to support or vote for?


Who?


Exactly. You're no libertarian nor are you interested in actual debt resolution. You're only interested in getting your own way.
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