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12-02-2011, 02:16 PM
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28,900 posts, read 49,239,512 times
Reputation: 46329
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Same song, different verse. You realize, of course, that we have a long, long way to go before this debt crisis unwinds. The Europeans have to make jarring structural changes to their economy. The United States has to really rethink the nature of its government. And then there's China. What may be the largest bubble of all.
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12-02-2011, 08:07 PM
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3,335 posts, read 2,711,141 times
Reputation: 921
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Quote:
Originally Posted by cpg35223
Same song, different verse. You realize, of course, that we have a long, long way to go before this debt crisis unwinds. The Europeans have to make jarring structural changes to their economy. The United States has to really rethink the nature of its government. And then there's China. What may be the largest bubble of all.
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It hasn't been averted?
The leaders seem pretty confidant, that their plans will work. |
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12-02-2011, 08:08 PM
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Location: Great State of Texas
86,068 posts, read 76,905,739 times
Reputation: 27652
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So making more DEBT available via "credit" is going to make everything OK ?
Taking on more debt when you can't pay the debt you already have is good ?
We are just kicking the can down the road and the can is getting bigger with every bailout using more debt.
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12-02-2011, 08:09 PM
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Location: Great State of Texas
86,068 posts, read 76,905,739 times
Reputation: 27652
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Quote:
Originally Posted by modeerf
It hasn't been averted?
The leaders seem pretty confidant, that their plans will work.
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Their "plan" is to make more debt available to borrow.
What type of plan is that when debt is the problem to begin with ?
You realize that "credit" is debt whether it's high interest or low interest. |
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12-02-2011, 08:19 PM
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5,410 posts, read 10,356,488 times
Reputation: 4493
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Wot?
The Credit Card Company RAISED My Limit!?!?!?!?
PARTY!!!!
This is better than a Job.
Weee. Christmas is saved.
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12-03-2011, 12:24 PM
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28,900 posts, read 49,239,512 times
Reputation: 46329
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Quote:
Originally Posted by modeerf
It hasn't been averted?
The leaders seem pretty confidant, that their plans will work.
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Ummmm. How naive are you? They've been confident about every plan they've vomited up in the past four years. Haven't you ever heard of the Law of Unintended Consequences? |
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12-03-2011, 12:54 PM
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3,335 posts, read 2,711,141 times
Reputation: 921
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Quote:
Originally Posted by cpg35223
Ummmm. How naive are you? They've been confident about every plan they've vomited up in the past four years. Haven't you ever heard of the Law of Unintended Consequences?
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But Subsound and Slackjaw keep saying that people that believe we're in financial dire straits are neurotic morons...
I'm just trying to see the glass half full, in a broken glass scenario, and seeing if there are other neurotic morons like me out there. |
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