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Yeah, it's a poor grasp of how federal bonds work. The problem isn't that the Chinese own a lot of them, it's that the fed can just print more money to repay them. Where did the money to repay the interest magically appear from?
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May 13, 2016 07:27
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Maybe it's because I'm not from the US, but what does that even mean?
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May 13, 2016 07:37
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Samovar posted:Maybe it's because I'm not from the US, but what does that even mean? It's not the worst thing he could have said, but it shows how out-of-touch the dude is if he's never seen a black person before.
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May 13, 2016 08:46
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basiacally "black people are colorful!" which again isn't the worst thing to say it's just very "black people talk like this white people talk like this" except coming from a jive rear end turkey peckerwood honkey so it's awkward
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May 13, 2016 11:01
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Subterfrugal posted:Idaho 3% leader paying 0% of his workers comp insurance You left out this awesome bit: quote:“I am a business owner and in business, mistake are made,” he wrote. “When a mistake has been made in my business and I have become aware of it, I have reconciled those to the best of my ability and in a timely manner. Mistakes will be made, but I have always tried to make things right.”
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May 13, 2016 13:13
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theflyingorc posted:This phenomenon is hardly party-specific. Everyone seems to think the debt is something the Chinese will just show up and demand one day and that deficits are inherently bad Eh yeah, I admit there's plenty of people from both parties who don't get it, it just seems that the right are the only ones who seized on this as a big dumb campaign issue.
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May 13, 2016 13:20
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Alan Smithee posted:basiacally "black people are colorful!" I suppose his opnions on the negro are a little more advanced than Cliven Bundy's.
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May 13, 2016 13:34
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Yeah "black people funneh" at least tacitly states he's okay with them being emancipated
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May 13, 2016 14:10
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I mean there have probably been people who couldn't enjoy minstrel-show humor because they were too racist for it. Probably not many of them though.
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May 13, 2016 14:24
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Parallel Paraplegic posted:Eh yeah, I admit there's plenty of people from both parties who don't get it, it just seems that the right are the only ones who seized on this as a big dumb campaign issue. It's been one of the most effective nonsense ideas of all time. Fun fact, if interest rates rise faster than bonds mature, the US actually MAKES money on our debt.
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May 13, 2016 14:38
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theflyingorc posted:It's been one of the most effective nonsense ideas of all time. Fun fact, if interest rates rise faster than bonds mature, the US actually MAKES money on our debt. Yeah that's how I understand it too, that we've effectively structured things so that we get ridiculously good rates, and being the global reserve currency even if we didn't if someone tried to gently caress us with our debt it would gently caress them right back.
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May 13, 2016 14:43
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theflyingorc posted:This phenomenon is hardly party-specific. Everyone seems to think the debt is something the Chinese will just show up and demand one day and that deficits are inherently bad Structural deficits are not great. Debt held outside the country (as opposed to inside the country) is different, economically speaking. Debt held inside the country is just an odd sort of tax - it's a transfer of wealth from various people in our economy with no real net change in what our economy can produce and to retire it nothing needs to leave the economy. Debt held outside the country is, in a sense, "real" debt: by issuing debt held by other countries we've effectively obtained goods and services from their economy, which will need to be returned in order to retire the debt (if they ever stop rolling it over). There are people who are at the 'a little knowledge is a dangerous thing' stage who go  actually you can just print more money, but what you're doing there is effectively destroying your currency if you print money to meet debts you otherwise cannot meet. Yes, you can expand the money supply and this is often a good thing (it's what we've been doing since the financial crisis) but (a) that worked because we're expanding the money supply in response to an economic downturn where that's a necessary thing to do, as the contraction of lending and such shrinks the money supply; (b) you can only do it to a limited point and there's actually concern we've nearly exhausted the ability of monetary policy to deal with a downturn, which is a real problem if there's a second one before the Fed pulls back enough to have additional room to maneuver and (c) people know that the expansion of the money supply is not to pay the debts of the United States so they do not lose their loving minds, and they would if seniorage was actually being used to fund the government.That we have issued debt is good for the financial system in a certain way because treasuries are now the lifeblood of the financial system, but a structural deficit (you run a deficit in good times and bad, as opposed to a deficit in bad times and a surplus in good times) isn't all that great. We get away with it because we're the world's reserve currency. The issue though is "deficit hawks' generally don't actually care about the deficit, they care about it as a tool to eliminate spending they don't like. It would be far better to go back to the Clinton years budgets where we collect a surplus in boom times and then run a deficit in bad times, but that's not happening until Republicans lose the House.
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May 13, 2016 18:04
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Denbts are bad but also good.
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May 13, 2016 20:40
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evilweasel posted:Structural deficits are not great. Debt held outside the country (as opposed to inside the country) is different, economically speaking. Debt held inside the country is just an odd sort of tax - it's a transfer of wealth from various people in our economy with no real net change in what our economy can produce and to retire it nothing needs to leave the economy. Debt held outside the country is, in a sense, "real" debt: by issuing debt held by other countries we've effectively obtained goods and services from their economy, which will need to be returned in order to retire the debt (if they ever stop rolling it over). I'm in the "inflation targeting is a thing the Fed should do as a modest priority" camp, but otherwise this is a pretty nice little primer.
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May 13, 2016 23:15
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Volcott posted:Denbts are bad but also good. Now you see why it's so hard to get people to stop thinking about it so simply.
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May 13, 2016 23:19
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evilweasel posted:Structural deficits are not great. Debt held outside the country (as opposed to inside the country) is different, economically speaking. Debt held inside the country is just an odd sort of tax - it's a transfer of wealth from various people in our economy with no real net change in what our economy can produce and to retire it nothing needs to leave the economy. Debt held outside the country is, in a sense, "real" debt: by issuing debt held by other countries we've effectively obtained goods and services from their economy, which will need to be returned in order to retire the debt (if they ever stop rolling it over). So all we need to do to achieve economic prosperity is conquer the entire world?
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May 14, 2016 00:23
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Well, it couldn't hurt
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May 14, 2016 00:39
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Meanwhile, Pete Santilli has made a shocking discovery! https://twitter.com/jjmacnab/status/731915637572947969 Oh.
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May 15, 2016 21:19
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Is he somehow out of prison?
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May 15, 2016 21:24
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Regular Nintendo posted:Is he somehow out of prison? No, but the SovCit article linked in the tweet did helpfully provide the prison mailing address for him.
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May 15, 2016 21:44
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CaptainSarcastic posted:No, but the SovCit article linked in the tweet did helpfully provide the prison mailing address for him. brb buying sugar free gummy stock
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May 15, 2016 22:19
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Knight posted:Meanwhile, Pete Santilli has made a shocking discovery! quote:Barack Hussein Obama Soetoro Sobarkah lol
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May 15, 2016 22:28
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Epic High Five posted:brb buying sugar free gummy stock sugar free gummy dildos
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May 15, 2016 22:29
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Gubmint cheese shaped like a dick with a note saying "create joinder"
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May 16, 2016 02:17
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MacNab has a further rundown of the history of how Nevada got its shape, but the funniest part has to be that the Constitution of Nevada specifically sets three things in the beginning: slavery is prohibited, freedom of religious worship, and...quote:That the people inhabiting said territory do agree and declare, that they forever disclaim all right and title to the unappropriated public lands lying within said territory, and that the same shall be and remain at the sole and entire disposition of the United States How many times can a legal defense fall back on "didn't read, lol"? Parallel Paraplegic posted:Barack Hussein Obama Soetoro Sobarkah
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May 16, 2016 02:22
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Knight posted:MacNab has a further rundown of the history of how Nevada got its shape, but the funniest part has to be that the Constitution of Nevada specifically sets three things in the beginning: slavery is prohibited, freedom of religious worship, and... Wasn't this because of the Mormons being at war with the feds all those years ago?
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May 16, 2016 02:36
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"Barack Hussein Obama Soetoro Sobarkah" if they can just trick him into saying it himself i think he gets teleported back to kenya
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May 16, 2016 04:43
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Otisburg posted:"Barack Hussein Obama Soetoro Sobarkah" He has to say it backwards
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May 16, 2016 04:44
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Jumpingmanjim posted:Wasn't this because of the Mormons being at war with the feds all those years ago? Guess what religion Ammon Bundy and friends belong to!
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May 16, 2016 05:08
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Granted, the guy is a D-List True American Patriot, but hopefully he will encourage others to do the same:""The Oregonian" posted:
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May 16, 2016 05:15
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point of return posted:Guess what religion Ammon Bundy and friends belong to! I really have a goddamn allergy to mormon poo poo after bring brought up with it. LOADS of goddamn bullshit that belonged with all the excrement that being peddled as sexual education and gender roles. I am really glad I fell into a bunch of accepting poly/whatever doesn't violate consent people.
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May 16, 2016 05:16
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Grognan posted:I really have a goddamn allergy to mormon poo poo after bring brought up with it. LOADS of goddamn bullshit that belonged with all the excrement that being peddled as sexual education and gender roles. I am really glad I fell into a bunch of accepting poly/whatever doesn't violate consent people. So do modern day Mormons actively talk about how Native Americans are actually Jewish people who canoed to America 2500 years ago and black people are angels who were conscientious objectors in the war in heaven, and Abraham wrote the Book of the Dead? Or is that stuff usually just ignored?
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May 16, 2016 07:03
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Parallel Paraplegic posted:The title "Johnathan's of Matthews Family Restaurant" is triggering the hell out of me right now. I'm hoping there is a bizzare historical reason where the grammar makes sense like the apostrophe in Carl's Junior.
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May 16, 2016 07:09
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Baron Porkface posted:I'm hoping there is a bizzare historical reason where the grammar makes sense like the apostrophe in Carl's Junior. Jonathan's Restaurant in the town Matthews.
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May 16, 2016 07:12
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cumshitter posted:Granted, the guy is a D-List True American Patriot, but hopefully he will encourage others to do the same: You can really feel the pouting from this guy that the judge isn't letting him give what he's sure is his brilliant defense.
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May 16, 2016 10:19
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Liquid Dinosaur posted:So do modern day Mormons actively talk about how Native Americans are actually Jewish people who canoed to America 2500 years ago and black people are angels who were conscientious objectors in the war in heaven, and Abraham wrote the Book of the Dead? Or is that stuff usually just ignored? Buddy of mine is both Jewish and Native American, and his wife's family is Mormon. His sister-in-law did once tell him that he was actually Jewish on both sides. Anecdotal, but there you go.
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May 16, 2016 13:18
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Liquid Dinosaur posted:So do modern day Mormons actively talk about how Native Americans are actually Jewish people who canoed to America 2500 years ago and black people are angels who were conscientious objectors in the war in heaven, and Abraham wrote the Book of the Dead? Or is that stuff usually just ignored? It has been some years since I bothered boning up on the current poo poo, but that was the way it stood when I left.
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May 16, 2016 15:33
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cumshitter posted:Granted, the guy is a D-List True American Patriot, but hopefully he will encourage others to do the same: To be fair if he's a 44 year old roofer there's a good chance he's mentally challenged. Nobody that age should be doing that job.
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May 16, 2016 15:33
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Liquid Dinosaur posted:So do modern day Mormons actively talk about how Native Americans are actually Jewish people who canoed to America 2500 years ago and black people are angels who were conscientious objectors in the war in heaven, and Abraham wrote the Book of the Dead? Or is that stuff usually just ignored? Usually just ignored.
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May 16, 2016 16:21
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Years ago I stumbled on some forum for ex-Mormons. I wish I'd bookmarked it, the stories people were telling were pretty interesting. Stuff like Stake Leaders pressuring them into tithing and calling it "fire-insurance" or how apparently Mormons will track you down the same way Scientologists do for the rest of your life. The people there said it was pretty common for the local Stake to get your information and send out a member with baked goods in an attempt to talk you back into the faith and the only way to stop this was to send a formal letter of resignation to the head list keeping office in Utah. Anything like that ever happen to you or are those cases unique?
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May 16, 2016 16:31
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