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computer parts posted:Maybe not conspiracy theorists specifically but there's a pretty large crossover with guns. Yea I've had a few Bernie supporters recently smugly inform me that only he was brave enough to stand up to The Brady Bill and Hillary totally will grab our guns.
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Oct 4, 2015 23:14
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I'm still surprised we're going through this same old song and dance with the debt ceiling again. Won't not raising it cause a loving global economic meltdown on a scale far greater than the 2008 crash? How is this not a loving scandal of the highest order? This is economic terrorism. 
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Oct 4, 2015 23:16
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Mr Interweb posted:I'm still surprised we're going through this same old song and dance with the debt ceiling again. Won't not raising it cause a loving global economic meltdown on a scale far greater than the 2008 crash? How is this not a loving scandal of the highest order? This is economic terrorism. Republicans in non-competitive districts have more to fear by avoiding total economic collapse than causing it because Obama wants the government to keep running properly so the Republicans don't.
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Oct 4, 2015 23:18
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Mr Interweb posted:I'm still surprised we're going through this same old song and dance with the debt ceiling again. Won't not raising it cause a loving global economic meltdown on a scale far greater than the 2008 crash? How is this not a loving scandal of the highest order? This is economic terrorism.
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Oct 4, 2015 23:22
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Tatum Girlparts posted:Yea I've had a few Bernie supporters recently smugly inform me that only he was brave enough to stand up to The Brady Bill and Hillary totally will grab our guns. The registry thing was perceived dishonest, and that poisoned the well. People speak of the Brady campaign as gun grabbers, to be fair to Brady, a spokesman they had go on NPR said they don't intend to take firearms, "only keep it out of the hands of those who must not have them." Is there any evidence that those who committed these spree murders were already long-term owners, or is it the opposite? Nonsense fucked around with this message at 23:29 on Oct 4, 2015 |
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Oct 4, 2015 23:26
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hakkart posted:Seriously though, I highly doubt that they cant find 30 Republicans willing to save the world economy. It's not like it'll cost an Alabama house member his guaranteed reelection. It's the guys in the safe seats in Alabama who aren't going to be able to vote for it, because they need to worry about getting primaried.
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Oct 4, 2015 23:34
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Mr Interweb posted:I'm still surprised we're going through this same old song and dance with the debt ceiling again. Won't not raising it cause a loving global economic meltdown on a scale far greater than the 2008 crash? How is this not a loving scandal of the highest order? This is economic terrorism. Tea Party congressmen and the people who put them into power are stupid and don't understand what the national debt is. That's really the long and short.
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Oct 4, 2015 23:34
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Mr Interweb posted:I'm still surprised we're going through this same old song and dance with the debt ceiling again. Won't not raising it cause a loving global economic meltdown on a scale far greater than the 2008 crash? How is this not a loving scandal of the highest order? This is economic terrorism. As with all things, the debt ceiling is a matter of personal responsibility. How are we ever to stop the expansion of government if we are afraid of one measly debt ceiling? Sure, it might destroy the entire U.S. financial system, but that's just the price we have to pay for "common sense policies." I mean, it probably wouldn't even be that bad. Look at what David Bratt has to say on the matter: quote:"There was a spending bill that preceded the debt ceiling increase," said Bart. "My commitment is not to increase spending; to have a spending bill where you don’t increase it. Cantor’s voted for 10 of the last 15 debt ceiling increases. I just don’t buy the idea that you are truly put in the position of backing the debt ceilng increase the last minute, that you had no choice." Remember, global financial collapse doesn't kill people, Planned Parenthood kills people.
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Oct 4, 2015 23:34
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Mr Interweb posted:I'm still surprised we're going through this same old song and dance with the debt ceiling again. Won't not raising it cause a loving global economic meltdown on a scale far greater than the 2008 crash? How is this not a loving scandal of the highest order? This is economic terrorism. Someone needs to explain to me how this could lead to a global financial meltdown.
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Oct 4, 2015 23:46
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Hollismason posted:Someone needs to explain to me how this could lead to a global financial meltdown. Its the fact that the dollar is the major international currency because it's always 100% stable. Defaulting in repaying our debts means the dollar is no longer stable and we enter some twilight zone where international investors could freak the gently caress out.
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Oct 4, 2015 23:58
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Hollismason posted:Someone needs to explain to me how this could lead to a global financial meltdown. It would cause a default because the U.S. would not be able to service debt payments absent the ceiling being raised. A default would most likely cause the value of the Treasury securities to plummet, and interest rates for future debt to sky rocket. Outstanding treasury securities are worth ~$13 trillion (not counting intragovernment held securities in this figure), held primarily in the U.S. but also globally, and the are a major source of cash equivalent reserves in the financial system, so their value collapsing would destroy the balance sheets of many financial institutions and potentially make them insolvent, causing a run. It would also harm the value of the dollar which is a global reserve currency. This would probably cause a run on foreign banks that hold dollar denominated or dependent assets, which is to say pretty much all of them depending on the level of exposure to the bank. The resulting economic catastrophe in the U.S. would also significantly impact all of its trading partners. Homura and Sickle fucked around with this message at 00:10 on Oct 5, 2015 |
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Oct 4, 2015 23:59
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Yeah, there are a lot of awesome things about having the most sought after currency on the planet but there's also the responsibility to not gently caress it up like a bunch of idiots.
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Oct 5, 2015 00:05
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http://finance.yahoo.com/blogs/breakout/u-treasury-default-catastrophic-consequences-explained-170230218.html
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Oct 5, 2015 00:05
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Now that Walker's out, get ready to see a LOT more of Carly.
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Oct 5, 2015 00:10
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Excellent
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Oct 5, 2015 00:12
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Thanks for the information, yeah I never really understood the idea behind it but that Yahoo article makes sense.
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Oct 5, 2015 00:12
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Hollismason posted:Thanks for the information, yeah I never really understood the idea behind it but that Yahoo article makes sense. The long and short of it is, the US dollar is a pretty big piece of bedrock for the world economy and causing it to default for no good reason is bad.
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Oct 5, 2015 00:14
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Hollismason posted:Someone needs to explain to me how this could lead to a global financial meltdown. Did you ever read about how the U.S. getting into and later pulling out of Bretton Woods caused some weird rear end dips in global finance because all of a sudden nothing was clear?
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Oct 5, 2015 00:15
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Hollismason posted:Thanks for the information, yeah I never really understood the idea behind it but that Yahoo article makes sense.
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Oct 5, 2015 00:15
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So we'd basically be in a recession correct? Like everything would go down the tubes?
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Oct 5, 2015 00:17
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It would be the most amazing thing ever if both candidates were women.
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Oct 5, 2015 00:18
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Is there a PredictIt for first Tea Partier to be taken out by Chinese assassins?
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Oct 5, 2015 00:19
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Hollismason posted:So we'd basically be in a recession correct? Like everything would go down the tubes? A global depression, of which a repeat of the Great Depression is a best case scenario.
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Oct 5, 2015 00:20
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Hollismason posted:So we'd basically be in a recession correct? Like everything would go down the tubes?
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Oct 5, 2015 00:20
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Hollismason posted:So we'd basically be in a recession correct? Like everything would go down the tubes? Recession = best case scenario. Complete disintegration of the world economy = worst case scenario. ??? = Most likely scenario.
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Oct 5, 2015 00:21
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Epic High Five posted:Is there a Kickstarter for first Tea Partier to be taken out by Chinese assassins? Fixed. (Just a joke, NSA!)
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Oct 5, 2015 00:23
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Honestly it's hard to tell exactly what would happen other than that it would be real loving bad and not at all boring.
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Oct 5, 2015 00:24
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 Could they have chosen a less flattering photo of her?  Looks like one of the puppets from Spitting Image.
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Oct 5, 2015 00:24
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mr. mephistopheles posted:It would be the most amazing thing ever if both candidates were women. elaborate
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Oct 5, 2015 00:27
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I like the cleaned up homeless guy lurking behind her.
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Oct 5, 2015 00:28
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Tatum Girlparts posted:elaborate because women are awesome
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Oct 5, 2015 00:30
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A debt default would also be a substantial coup for American strategic rivals such as Russia and China who have been seeking to establish an "alternative" financial order for a while, making it all the more baffling that people who consider themselves patriots are advocating a default.
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Oct 5, 2015 00:36
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Sir Tonk posted:
Trump is really starting to make a lot of sense
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Oct 5, 2015 00:39
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Fojar38 posted:A debt default would also be a substantial coup for American strategic rivals such as Russia and China who have been seeking to establish an "alternative" financial order for a while, making it all the more baffling that people who consider themselves patriots are advocating a default.
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Oct 5, 2015 00:39
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Boon posted:Trump is really starting to make a lot of sense At least Trump wouldn't literally start a global war on day 1, or if he would he isn't bragging about it. Fiorina's the true nightmare scenario that we all thought Trump would be. She's tasted the fact that she can just say literally whatever she wants so long as it fits the narrative and she's never going back.
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Oct 5, 2015 00:51
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FlamingLiberal posted:Because they will do literally anything to ruin Obama. Anything. I can't wait to see how he's treated after he leaves office. I can totally see the right trying to get the Dems back for how Bush was viewed (not that they haven't been trying to do that for the past seven years).
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Oct 5, 2015 01:00
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Mr Interweb posted:I'm still surprised we're going through this same old song and dance with the debt ceiling again. Won't not raising it cause a loving global economic meltdown on a scale far greater than the 2008 crash? How is this not a loving scandal of the highest order? This is economic terrorism. You would lose your job, I would lose my job, and one of the central underpinnings of the global financial order would come crashing down bringing chaos. The GOP fanatics who might pull the pin on that don't believe that it will do anything because they live in a world without consequence or something.
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Oct 5, 2015 01:01
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Zeroisanumber posted:You would lose your job, I would lose my job, and one of the central underpinnings of the global financial order would come crashing down bringing chaos. On the plus side, I could finally stop kidding myself and just give up and move to the woods
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Oct 5, 2015 01:05
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Hollismason posted:So we'd basically be in a recession correct? Like everything would go down the tubes? If it's any consolation, a United States debt default would be such an apocalyptic scenario that if it ever seemed to be definitely on the horizon, then there would be a number of quiet meetings in dark rooms and lengthy phone calls, after which a number of people would suffer mysterious accidents. The financiers do not want anyone to knock over their sandcastle.
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Oct 5, 2015 01:11
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I don't think I would lose my job. I work in Property Taxes ,but maybe I would lose my job. Dunno. I'd definitely lose my health insurance. I don't think I would be homeless. My parents may become homeless. My sister and her family may not become homeless they have their home payed for. I don't think my sister would lose her job.
Hollismason fucked around with this message at 01:27 on Oct 5, 2015 |
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Oct 5, 2015 01:24
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