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LtCol J. Krusinski posted:Holy poo poo they made Shim a mod. Hail our immortal god-emperor
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Aug 24, 2017 23:25
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| # ? Jun 1, 2024 08:10 |
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https://www.washingtonpost.com/loca...omepage%2Fstory A judge ordered DreamHost to turn over a more narrow sampling of the records requested by the DoJ for visitors to the website protesting DJT's inauguration. No word yet on whether they're going to appeal the decision.
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Aug 24, 2017 23:28
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LtCol J. Krusinski posted:Holy poo poo they made Shim a mod. the end times are truly upon us
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Aug 24, 2017 23:28
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tastefully arranged labia posted:the end times are truly upon us Allah Akbar brother
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Aug 24, 2017 23:33
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LtCol J. Krusinski posted:Holy poo poo they made Shim a mod. Much like the current administration, really hurting for warm bodies to fill civil authority seats
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Aug 24, 2017 23:37
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LtCol J. Krusinski posted:Holy poo poo they made Shim a mod. You follow in the shoes of a great mod, Grover.
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Aug 24, 2017 23:38
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Shimhouse sounds way better than groverhaus. I'm picturing stars of David being flung like shurikens at intruders
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Aug 24, 2017 23:40
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Not gonna post it all in here to avoid a giant wall of images but someone did a deep dive on a twitter bot (probably a human-ran account actually) and  http://imgur.com/gallery/6flYH 
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Aug 24, 2017 23:42
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Two Finger posted:Shimhouse sounds way better than groverhaus. I'm picturing stars of David being flung like shurikens at intruders It's funny, because lots of shims were keeping groverhaus from collapsing.
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Aug 24, 2017 23:43
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Shimhouse would probably be a small shack on top of a large concrete paranoia bunker
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Aug 24, 2017 23:43
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well I guess Jews are replacing some of us, in this Shimstance
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Aug 24, 2017 23:46
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if he doesn't get a six pointed star I'm gonna be very disappointed
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Aug 25, 2017 00:00
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Today on conservative talk radio. "Jefferson Davis was a socialist so tear down his monuments, but don't touch Robert E. Lee or Stonewall, because the LEFT will tear down memorials to ARE TROOPS IN IRAQ and VIETNAM!!" 
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Aug 25, 2017 00:00
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NUKES CURE NORKS posted:When they raise the debt ceiling, is that taking into account the deficit of the proposed budget? Does it have to do with any spending in the past, or is it strictly spending for the future? I guess in the most general terms: how do they decide how much to raise the debt ceiling by? To make simple numbers: Congress authorizes and requires the government to spend $2T/year. The government only takes in $1.5T a year, so we have to borrow $500B per year. We currently owe $19.7T of debt. The Debt Ceiling is entirely separate from any of that. The Debt Ceiling basically says "You shall not have more than $19.8T of debt." sort of like a credit limit. The problem is that the government is on the hook for that $500B, no matter what. The government has to borrow that $500B, which it can't, because our system is dumb as gently caress. So, if Congress doesn't lift the Debt Ceiling, there are basically only two options: 1) You break the law and default. Contractors come in for payment of services rendered and the government can't borrow to pay said contractors. Even if you don't pay any federal employees, you're not taking in enough money to pay all the previously-made contracts. The federal financial system is also not set up to prioritize payments either. You're hosed. 2) You break the law and default. The Treasury Secretary magically creates a platinum coin worth $1T and deposits it in the federal treasury. Not only is it probably an unconstitutional action and horrifically complicated, our currency is backed by the full faith and credit of the United States Government and you just tossed that out the window to keep things open. You're hosed. 
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Aug 25, 2017 00:07
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So instead of kicking the can down the road perpetually is there a reason the Government doesnt just pass a law saying, "Yo we'll spend what we spend in perpetuity." or is this the conservative "GUBMENT WORK LIKE HOUSE BILLS TOO MUCH DEBT CHINAMAN OWN US!!!!!!" bullshit
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Aug 25, 2017 00:12
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So, hypothetically, what would happen if they made the trillion dollar coin, and somebody stole it?
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Aug 25, 2017 00:14
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Never saw that Simpsons episode?
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Aug 25, 2017 00:15
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facialimpediment posted:To make simple numbers: Congress authorizes and requires the government to spend $2T/year. The government only takes in $1.5T a year, so we have to borrow $500B per year. We currently owe $19.7T of debt. It's almost as if we should raise taxes. LostCosmonaut posted:So, hypothetically, what would happen if they made the trillion dollar coin, and somebody stole it? They can't because it's not a real thing it's just a metaphor for saying that the government now magically has an extra trillion dollars to spend.
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Aug 25, 2017 00:15
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facialimpediment posted:To make simple numbers: Congress authorizes and requires the government to spend $2T/year. The government only takes in $1.5T a year, so we have to borrow $500B per year. We currently owe $19.7T of debt. How do they determine how much to raise the ceiling by? Does it match the amount the government needs to borrow? Re: a trillion dollar coin. Correct me if I'm wrong but wouldn't that just plummet the value of our currency? Like a US dollar now wouldn't be worth a current penny if we suddenly put a trillion more dollars into the economy (totally random valuation there btw)? Like currency is an apple pie and creating more doesn't make the pie bigger, it just makes the pieces significantly smaller? boop the snoot fucked around with this message at 00:19 on Aug 25, 2017 |
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Aug 25, 2017 00:16
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why does the government spend more than it makes in taxes? do all governments do this?
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Aug 25, 2017 00:19
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45 ACP CURES NAZIS posted:why does the government spend more than it makes in taxes? do all governments do this? Because socialism is bad but we need to spend a trillion dollars on defense.
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Aug 25, 2017 00:20
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45 ACP CURES NAZIS posted:why does the government spend more than it makes in taxes? do all governments do this? If I remember correctly Debt spending was one of the things to bring about modern nation states.
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Aug 25, 2017 00:21
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NUKES CURE NORKS posted:How do they determine how much to raise the ceiling by? Does it match the amount the government needs to borrow? Yes it would cause inflation of some amount because they're adding a trillion dollars to the money supply. Note that by borrowing they're adding money as well, so it's not necessarily going to be a hyper-inflation scenario. 45 ACP CURES NAZIS posted:why does the government spend more than it makes in taxes? do all governments do this? Any government that manages it's own currency does and deficit spending is not necessarily a bad thing when it's on a national scale. The federal budget isn't like a household budget because it is also intimately involved in managing the economy as a whole. The way to fix the problem is quite literally just getting wealthy people to pay taxes. Republicans preach austerity as an alternative because they don't want to tax the wealthy.
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Aug 25, 2017 00:24
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45 ACP CURES NAZIS posted:why does the government spend more than it makes in taxes? do all governments do this? Debt is a meaningless concept when it's denominated in your own currency.
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Aug 25, 2017 00:24
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NUKES CURE NORKS posted:How do they determine how much to raise the ceiling by? Does it match the amount the government needs to borrow? Congress determines the debt ceiling raise by the tried-and-true ROMA method. It doesn't match the actual need because Congress doesn't know what we will actually take in, it's all estimates. Like we *think* the yearly deficit is $500B, but it might turn out to be $450B or even $550B. On the coin, correct, it would trash the gently caress out of our currency. So not only is it probably unconstitutional, it probably jacks up inflation to incredible levels, and we might not even be able to get anyone to buy governmental debt anymore. All this threat of terrible poo poo and fiscal doom is the reason why the debt ceiling exists. Fiscal conservatives believe that without the debt ceiling, the government never has the incentive to actually cut expenditures. LOSE THE WEIGHT OR I'LL CUT OFF YOUR ARM AND MAKE YOU LOSE IT 
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Aug 25, 2017 00:28
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And in the case of the US, the bonds and other instruments of debt are the backbone of the world economy.
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Aug 25, 2017 00:30
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FastestGunAlive posted:Not gonna post it all in here to avoid a giant wall of images but someone did a deep dive on a twitter bot (probably a human-ran account actually) and Hey that was super interesting. Thanks for posting it.
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Aug 25, 2017 00:30
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LtCol J. Krusinski posted:Holy poo poo they made Shim a mod. Blood for the Blood God!
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Aug 25, 2017 00:44
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KildarX posted:So instead of kicking the can down the road perpetually is there a reason the Government doesnt just pass a law saying, "Yo we'll spend what we spend in perpetuity." or is this the conservative "GUBMENT WORK LIKE HOUSE BILLS TOO MUCH DEBT CHINAMAN OWN US!!!!!!" bullshit They didn't have a debt limit until rather recently but I don't remember the origin. Now it's politically impossible to get rid of even though there's no real option but to increase it. The options are to increase the tax take or lower spending. Lowering spending is near impossible as very little of it is actually discretionary, Trump's budget completely guts programs and departments that actually bring value to the economy or the people. I thought most of this stuff and deficit spending was common high school economics? Used properly, deficit spending should help smooth out rough patches. Unfortunately it's usually spent on sex things that bring limited returns like fancy fighter jets or tax cuts for the wealthy instead of boring stuff like infrastructure that help to increase output or labor capital.
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Aug 25, 2017 00:46
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Debt and deficit spending can be good for the country, if it's not planned and managed by assholes looking to sabotage the country, skull gently caress the poor and cut taxes on the rich. Think about it this way, you're the country. You take out what you would think of as a ten year loan to you as a person for a hundred bucks. You use that money to build infrastructure. Now you have a hundred dollars worth of infrastructure in the country that can be used by all of your citizens to conduct business. The result of that business is an economy composed of people paying their taxes. So that hundred bucks comes back into your treasury, you pay off the loan, and now you have a hundred dollars worth of infrastructure and you've paid the loan. (That's a really simplistic example. It also happens to be wrong in a few ways so yes you can poke holes in it but gently caress you, ignore them. I'm trying to keep it at man-on-the-street levels not have a discussion on the topic of debt calculated in a sovereign currency, or the velocity of that currency when paid to your workers etc. etc.) The problem we have as a country is our law making bodies are composed of two different flavors of bought-and-paid for representatives that only want to do the part that results in corporations and billionaires being able to extract profit from the country and stash it away in tax havens. The part where the country pays their taxes back to the government is worse than a triple Hitler, mega-antichrist to corporations and billionaires, so the bought-and-paid for law making bodies of the country do everything they can to sabotage the part where they give back anything to the country then sell the idiot rubes and voters on it with a hodgepodge of bullshit like 'free market', 'government debt is like house hold debt', 'you don't like paying taxes, why would a billionaire' and all the other lies, bullshit, misunderstandings and purposeful lack of education they can muster. So we end up with a country that is falling apart and taxes that are harder on you the poorer you are to keep the shoe-string budget limping along for another year so the financial elite can extract more wealth.
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Aug 25, 2017 00:47
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LostCosmonaut posted:So, hypothetically, what would happen if they made the trillion dollar coin, and somebody stole it? Who's gonna fence it?
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Aug 25, 2017 00:48
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shame on an IGA posted:Who's gonna fence it? Nic Cage just got smiled and he he's not sure why.
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Aug 25, 2017 00:58
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I once worked for a place & our department installed magic boxes at business and then charged money every month to run the box. The box was paid for by month #2 of service with a customer so it was a no brainer, everyone wins. Up front cost of the box is paid up in a handful of weeks & it's almost all gravy after that because our operating costs were hella low. Until purchases of new boxes got cancelled by the CFO. Cash flow is hurting so no mo purchases was the decree. No exceptions. No amount of talking would get across that buying these things is an operating cost that is simply not optional if you want revenue to happen, but  Uncontrolled spending will sink anything but gutting things that actually MAKE money & benefit the economy takes someone really special.
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Aug 25, 2017 00:59
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Being out camping and out of the loop of things for a day was a blissful experience
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Aug 25, 2017 01:02
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The trillion dollar coin idea is not substantially different from the quantitative easing that's been going on for the last decade or the normal government debt issuance process that's been going on forever except that the newly created money would end up in the government's pocket instead of a private bank's (QE) and that it can be done without congressional intervention (Debt Limit, whole point of the scheme) The essence of QE is the federal reserve buying lovely assets like subprime mortgages and betting tickets on subprime mortgages, and paying for them with money which poofs into existence Meseeks-style. They can absolutely do the same for a platinum slug with "ONE TRILLION DOLLARS" written on a sticky note in crayon. shame on an IGA fucked around with this message at 01:15 on Aug 25, 2017 |
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Aug 25, 2017 01:11
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Edit: nm
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Aug 25, 2017 01:35
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Mister Sinewave posted:Stupidity. I wish I could be paid a lot of money to be an idiot. I just get paid small amounts 
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Aug 25, 2017 01:54
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KildarX posted:So instead of kicking the can down the road perpetually is there a reason the Government doesnt just pass a law saying, "Yo we'll spend what we spend in perpetuity." or is this the conservative "GUBMENT WORK LIKE HOUSE BILLS TOO MUCH DEBT CHINAMAN OWN US!!!!!!" bullshit
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Aug 25, 2017 02:23
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the debt ceiling suddenly became a big deal when a black man was president. unfortunately for everyone some republicans actually thought it was an important thing and not just a way to try and hamstring Obama so now there's a rather sizeable amount of Republicans who think the budget is exactly like their home budget.
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Aug 25, 2017 02:24
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https://twitter.com/dril/status/384408932061417472 Edit: I call for us to move to a candle based economy.
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Aug 25, 2017 02:43
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