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No, we're clear because hyperinflation hasn't happened ever
What I meant was...just because we haven't reached hyperinflation in the 4 year period as MTA stated..
We have had inflation, though.
Quote:
, and because it won't insofar as we continue to follow an economic model that has worked well in the past. The democratic model of economics works; the republican model of outrageous military spending, slashed domestic spending, and uneven tax burdens doesn't work - as evidenced by two economic depressions in less than a century and periodic bank panics in the era before the New Deal. Most of what you profess to "know" about macroeconomics is nothing more than fiction, crafted to fit a narrow agenda that supports the microeconomic interests of those who already have created an amount of wealth that they're comfortable with. In short, it's horse crap economics...and most people are beginning to do some figurin' and they don't like what they see. And at the end of the day...there's more of us -- a lot more.
OOOHHHH... "THERE'S MORE OF US"
Use the gang psyche out Yea, there are more of you who want to destroy the dollar. That doesn't fly in the face of it being a illogical thing to do.
Nobody here is advocating tremendous military spending. Stop building strawmen.
What I meant was...just because we haven't reached hyperinflation in the 4 year period as MTA stated..
We have had inflation, though.
OOOHHHH... "THERE'S MORE OF US"
Use the gang psyche out Yea, there are more of you who want to destroy the dollar. That doesn't fly in the face of it being a illogical thing to do.
Nobody here is advocating tremendous military spending. Stop building strawmen.
The dollar isn't anywhere close to being destroyed -- at least not yet.
But since you raise the topic, let's point the real problem here; the real problem with the dollar is that it's not worth as much because of sovereign debt, not the fiscal policy of a democratic president. The problem is that Americans make less of what the world wants yet they want more of what the outside world makes. The problem of sovereign debt isn't just a matter of printing money to pay for welfare checks -- that's an incredibly minute component of the problem, and you'd understand that if you really knew what you profess to know about econ. Alas, you don't.
The dollar isn't anywhere close to being destroyed -- at least not yet.
But since you raise the topic, let's point the real problem here; the real problem with the dollar is that it's not worth as much because of sovereign debt, not the fiscal policy of a democratic president. The problem is that Americans make less of what the world wants yet they want more of what the outside world makes. The problem of sovereign debt isn't just a matter of printing money to pay for welfare checks -- that's an incredibly minute component of the problem, and you'd understand that if you really knew what you profess to know about econ. Alas, you don't.
Trust, even my 8 and 9 year old sons understand that Americans are gluttons. The printing of money to pay for welfare checks is a relationship to this phenomenon..
I don't consider apathetic and entitled Americans a tantamount issue...as much as I have a problem with it from a personal values standpoint... I don't think it's the starting point that needs to be addressed.
But here is the thing....the fiscal policy of a Democratic president IS a problem when they are shuffling around intra-governmental holdings by borrowing against institutions (like SS and Medicare) to pay down the public debt while raising the national debt.
It's much easier to stick the American public with no lube than to turn around in 20,30,40 or 50 years and tell China to go suck it.
EDIT: And I was being generous with the above scenario because Obama isn't even paying down the debt...
Last edited by Hot_Handz; 12-27-2012 at 08:11 AM..
This coming fiscal year, the one that's already started, showed the first two months with a $292 billion deficit.
How am I suppose to take you serious now when you don't even know when the fiscal years start or end and where you're already at concerning those.
That wouldn't be so bad but you think you're going to suck billions upon billions out of the economy for free.
I KNOW when the fiscal year starts. The new taxes don't kick in until JANUARY - which will change revenue considerably. Try and use a little common sense will ya'? If you spent more time thinking and less time insulting me your posts would make a lot more sense.
Want to see true inflation? Go to the grocery store...
What will I see, a few items that represent an minor part of my budget fluctuate? Core inflation, which excludes food and energy prices, has been used for many years to guide Fed policy, on the grounds that food and energy are highly volatile, and basing policy on headline inflation would lead to overreaction to temporary shocks.
Quote:
Originally Posted by e_coli
The dollar isn't anywhere close to being destroyed -- at least not yet.
But since you raise the topic, let's point the real problem here; the real problem with the dollar is that it's not worth as much because of sovereign debt, not the fiscal policy of a democratic president. The problem is that Americans make less of what the world wants yet they want more of what the outside world makes. The problem of sovereign debt isn't just a matter of printing money to pay for welfare checks -- that's an incredibly minute component of the problem, and you'd understand that if you really knew what you profess to know about econ. Alas, you don't.
You are on to something. Let's say that the dollar fell (although it hasn't) how would that be bad? It would make American goods and services more competitive and make foreign goods and labor in our stores more expensive, giving the incentive to use American labor and buy American goods.
Every measure? You don't seem to understand what a deficit is, and you don't seem to understand the role the federal reserve is playing in the recovery. Can you talk intelligently about the current actions of the federal reserve, or do you only look at positive measures and point-blank ignore any negative signs? We are in a short term recovery at the expense of long term growth.
My god the stupidity.
It seems to me that "stupidity" is clinging to political dogma in the face of economic evidence. You don't like what the DATA says so you simply ignore it and claim it's simply short term. Well, you know what -it's DATA. It's WHAT'S HAPPENING. You clowns keep saying the same thing over and over and over again - and it just doesn't happen.
Wingnuts are constantly going on about the dollar collapsing.
Opps! Didn't happen.
Wingnuts are constantly going on about the stock market collapsing again.
Opps! Didn't happen.
Wingnuts are constantly going on about hyperinflation.
Opps! Didn't happen.
Wingnuts are constantly going on that housing prices are going to collapse all over again.
Opps! Didn't happen.
Wingnuts are constantly going on about economic collapse and chaos and revolution and the end of the US.
Opps! Didn't happen.
There's a REASON for all that - your economic model is WRONG. You are making all your predictions on POOR ASSUMPTIONS. You THINK you understand the economy but clearly you DON'T - so don't lecture me about "talking intelligently". You folks have been wrong about practically everything.
Get back to me when you can actually show something you've been predicting ACTUALLY HAPPENING.
Until then it's just a bunch of theoretical BS.
Ken
PS - New UE claims just fell to the LOWEST LEVEL IN 4 1/2 YEARS - which you will no doubt see as another sign of pending economic collapse.
Last edited by LordBalfor; 12-27-2012 at 09:18 AM..
Social Security has been running surpluses for decades and contributes nothing to the deficit.
Really now? You might want to tell that to Geithner and Sebelius.
Quote:
In 2011, Social Security’s cost continued to exceed both the program’s tax income and its non-interest income, a trend that the Trustees project to continue throughout the short-range period and beyond. The 2011 deficit of tax income relative to cost was $148 billion, and the projected 2012 deficit is $165 billion.
However, the projected assets of the DI Trust Fund decline steadily, fall below 100 percent of annual cost by the beginning of 2013, and continue to decline until the trust fund is exhausted in 2016.
Trust, even my 8 and 9 year old sons understand that Americans are gluttons. The printing of money to pay for welfare checks is a relationship to this phenomenon..
Okay, explain how. I'll wait and see if you can actually explain it without being picked completely apart by the people here who actually work with macroeconomics every day and understand how this stuff works. With all my respects, I'm rather doubtful you can. I don't mean that to be an @ss; it's just that I see people tossing out statements about the economy with clearly no understanding of how the public debt and the sovereign debt actually work in economic terms.
That's the problem. You can't explain it, and nobody else can, either. The bigger problem is that you're voting for people who are going to make this problem a lot worse. The fiscal cliff tax hikes and the budget cuts are actually the result of a political party that refused to negotiate with the president or the senate. You'll get your balanced budget. The problem is, the budget won't stay balanced for long, once revenues fall. That's what you all don't seem to understand too well. The republican obsession with the debt is going to turn into the equivalent of the dog that keeps chasing its own tail.
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