There is a spectrum haunting C-SPAM. I, on the contrary,

The Something Awful Forums > Archives > Comedy Goldmine > The Goodmine > There is a spectrum haunting C-SPAM. I, on the contrary,

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WampaLord: Jan 14, 2010

comedyblissoption posted:

when these people propose a balanced budget amendment, are they poo poo-for-brains kool aid drinkers that don't understand you need to deficit spend to sustain the economy or do they plan to make up for it with central bank shenanigans

They honestly think the government budget functions like their own household budget.

# ? Jul 1, 2018 07:16

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# ? May 27, 2024 00:28

Infernot: Jul 17, 2015; "A short night wakes me from a dream that seemed so long."; Grimey Drawer

https://twitter.com/itsmikebivins/status/1013184384654929920

Big thread from yesterday's counter-protest in Portland

# ? Jul 1, 2018 07:45

Sheng-Ji Yang: Mar 5, 2014

# ? Jul 1, 2018 09:36

Sheng-Ji Yang: Mar 5, 2014

https://twitter.com/itsmikebivins/status/1013189429278564352

DON't TREAD ON-- oh yes officer im sorry

# ? Jul 1, 2018 09:37

Sheng-Ji Yang: Mar 5, 2014

# ? Jul 1, 2018 10:15

i say swears online: Mar 4, 2005

paging donald

# ? Jul 1, 2018 10:18

gradenko_2000: Oct 5, 2010; HELL SERPENT; Lipstick Apathy

https://twitter.com/peterjhasson/status/1013147948820164608

# ? Jul 1, 2018 10:22

Sheng-Ji Yang: Mar 5, 2014

lol all these people so drat shook about "abolish profit"

# ? Jul 1, 2018 10:24

WampaLord: Jan 14, 2010

Sheng-Ji Yang posted:

lol all these people so drat shook about "abolish profit"

they're very shook at the thought of people really figuring out the root of the problem

# ? Jul 1, 2018 10:33

freckle: Apr 6, 2016; by Nyc_Tattoo

WampaLord posted:

they're very shook at the thought of people really figuring out the root of the problem

the irish

# ? Jul 1, 2018 10:42

galenanorth: May 19, 2016

WampaLord posted:

They honestly think the government budget functions like their own household budget.

If they're going to use a household budget, it's more like "You chose to be homeless, rather than use a credit card with a high line of credit, because you used up all your money on wasteful poo poo so that you'd stop yourself from spending it on healthcare and food (CHIP and food stamps) for your kids. Now you just can't get out of that fiscal straitjacket before you'll need even more healthcare when you get frostbite from sleeping outside tonight. Maybe you could try to rob your grandparents?" This is referring to the linked article in which Bush suggested raiding Social Security to generate revenue as a strategy for stimulating the economy in place of using deficit spending, 17 days before 9/11.

https://fas.org/sgp/crs/misc/R40770.pdf

seems to be a good one-stop source for the sustainability issue. The deficit is unsustainable when the growth in the debt exceeds the growth in the GDP, so the debt-to-GDP ratio increases. However, that could be true without the sustainability being an issue in the near-term (decades, at least) if the excess is small enough. The debt is unsustainable when financial markets say it is, though when the markets say the deficit is unsustainable, it would probably come extremely rapidly. Our debt-to-GDP ratio is about 100% while Japan's is about 250%, and foreign investors actually increased borrowing during the financial crisis. The way things are, our deficit is still unsustainable, but it would be a long while before the debt-to-GDP ratio would be even as high as Japan's.

If this seems wonkish for C-SPAM, it's because I believe that during the upcoming elections, there'll be "our debt-to-GDP ratio is higher than it's been since WWII" arguments from the kind of Democrat who uses the term "credit card hawk" seriously to try to fight for a Balanced Budget Amendment. They'll try to make the issue sound much more dire than it is, and there'll be a need for wonkish counterarguments as airtight as possible.

galenanorth fucked around with this message at 12:18 on Jul 1, 2018

# ? Jul 1, 2018 11:22

comedyblissoption: Mar 15, 2006

talking about debt to GDP ratios implies that the debt is paid by taxes. this isn't the case. the debt is paid by just creating money out of thin air

if the US actually did try to "pay off" the debt by either cutting spending or raising taxes significantly on consumers, the economy would enter a great depression. taxing rich people might be okay because they aren't using their excess money for productive activity anyways

the debt is simply an expression of how much money the federal government has created in the private sector through fiscal spending

# ? Jul 1, 2018 12:40

Wheeee: Mar 11, 2001; When a tree grows, it is soft and pliable. But when it's dry and hard, it dies.

Hardness and strength are death's companions. Flexibility and softness are the embodiment of life.

That which has become hard shall not triumph.

comedyblissoption posted:

taxing rich people might be okay because they aren't using their excess money for productive activity anyways

actually that would be punishing success

# ? Jul 1, 2018 15:56

Pener Kropoopkin: Jan 30, 2013

Wheeee posted:

actually that would be punishing success

Good.

# ? Jul 1, 2018 16:20

Wheeee: Mar 11, 2001; When a tree grows, it is soft and pliable. But when it's dry and hard, it dies.

Hardness and strength are death's companions. Flexibility and softness are the embodiment of life.

That which has become hard shall not triumph.

Pener Kropoopkin posted:

Good.

but then who will make the jobs

# ? Jul 1, 2018 17:09

namesake: Jun 19, 2006; "When I was a girl, around 12 or 13, I had a fantasy that I'd grow up to marry Captain Scarlet, but he'd be busy fighting the Mysterons so I'd cuckold him with the sexiest people I could think of - Nigel Mansell, Pat Sharp and Mr. Blobby."

Wheeee posted:

but then who will make the jobs

We've nationalised the job factory.

# ? Jul 1, 2018 18:18

rudatron: May 31, 2011; by Fluffdaddy

the real joke is that chucklefucks like posobiec, have cried wolf over ~socialism~ so many times, that it barely registers now.

# ? Jul 1, 2018 18:36

Dreddout: Oct 1, 2015; You must stay drunk on writing so reality cannot destroy you.

rudatron posted:

the real joke is that chucklefucks like posobiec, have cried wolf over ~socialism~ so many times, that it barely registers now.

Yeah, they've basically inoculated everyone under 40 to red baiting

# ? Jul 1, 2018 18:40

rudatron: May 31, 2011; by Fluffdaddy

now is the time...

*adopts gendo pose*

begin the antifa supersoldier project...

# ? Jul 1, 2018 18:55

Jizz Festival: Oct 30, 2012; Lipstick Apathy

WampaLord posted:

they're very shook at the thought of people really figuring out the root of the problem

They have no idea what the root of the problem is.

# ? Jul 1, 2018 19:23

fabergay egg: Mar 1, 2012; it's not a rhetorical question, for politely saying 'you are an idiot, you don't know what you are talking about'

rudatron posted:

the real joke is that chucklefucks like posobiec, have cried wolf over ~socialism~ so many times, that it barely registers now.

when everything is socialosm... nothibg will. E

# ? Jul 1, 2018 19:29

Kindest Forums User: Mar 25, 2008; Let me tell you about my opinion about Bernie Sanders and why Donald Trump is his true successor.

You cannot vote Hillary Clinton because she is worse than Trump.

gradenko_2000 posted:

https://twitter.com/peterjhasson/status/1013147948820164608

profits (profits are good)

# ? Jul 1, 2018 19:45

Karl Barks: Jan 21, 1981

oh nothin, i was just exploiting labor for profit... *LOWERS SHADES TO LOOK YOU DEAD IN THE EYE* which is Free and Voluntary by the way,

# ? Jul 1, 2018 19:53

galenanorth: May 19, 2016

comedyblissoption posted:

talking about debt to GDP ratios implies that the debt is paid by taxes. this isn't the case. the debt is paid by just creating money out of thin air

if the US actually did try to "pay off" the debt by either cutting spending or raising taxes significantly on consumers, the economy would enter a great depression. taxing rich people might be okay because they aren't using their excess money for productive activity anyways

the debt is simply an expression of how much money the federal government has created in the private sector through fiscal spending

Thank you. I'm a little distracted by home life at the moment, but I'll bookmark your post and read through articles like

https://www.pbs.org/newshour/economy/why-debt-and-money-created-out

, which I haven't finished reading, later to better understand this.

# ? Jul 1, 2018 23:26

gradenko_2000: Oct 5, 2010; HELL SERPENT; Lipstick Apathy

https://twitter.com/Reuters/status/1013593381639946240

# ? Jul 2, 2018 02:51

Top City Homo: Oct 15, 2014; Ramrod XTreme

gradenko_2000 posted:

https://twitter.com/Reuters/status/1013593381639946240

https://www.youtube.com/watch?v=7F_9FEx7ymg

# ? Jul 2, 2018 04:00

HorrificExistence: Jun 25, 2017; by Athanatos

I love debating ppl on reddit

quote:

Around our little star there is enough resources to improve the planet below to prosperity we cannot imagine, and construct habitation for trillions of people, all having a quality of life that we cannot dream of. Our destiny is the stars, regardless of our economic policy, but as you said capitalism is great at growing an economy and once we have the infrastructure to get into space quickly and reliably we will have an entire system to build. Once that is done, and building a Dyson Swarm is no small task, there will be countless other stars for us.

We are not fleeing into space, we are going there to bring the treasure of the stars back to humanity to build a better future for everyone. The greatest advancement of humanity is within our reach, and you believe it is a bad thing because it will fuel capitalism? Would you deny try to us our destiny in the stars to spite your opponents?

Also I have to shill the person that made me such a fanatic about space exploration/expansion. Look up Isaac Arthur online. He has make countless hours of video examining what we are capable of with our current capabilities, without relying on any theoretical technology that may or may not be possible.

capitalism works as long as we build a Dyson swarm!

# ? Jul 2, 2018 04:52

Pener Kropoopkin: Jan 30, 2013

gradenko_2000 posted:

https://twitter.com/Reuters/status/1013593381639946240

"seen"

# ? Jul 2, 2018 05:21

Larry Parrish: Jul 9, 2012; by Jeffrey of YOSPOS

HorrificExistence posted:

I love debating ppl on reddit

capitalism works as long as we build a Dyson swarm!

im not even sure what that guy is trying to say

# ? Jul 2, 2018 05:26

Pener Kropoopkin: Jan 30, 2013

The Isaac Arthur youtube channel is cool. :shrug:

Basically what he's saying is that capitalism is good because it will enable us to exploit resources out in space, but the timeframe for developing space won't guarantee a profitability even in our own lifetimes so there's no investment incentive. Only social programs can work on that timescale.

# ? Jul 2, 2018 05:29

Top City Homo: Oct 15, 2014; Ramrod XTreme

Pener Kropoopkin posted:

The Isaac Arthur youtube channel is cool.

Basically what he's saying is that capitalism is good because it will enable us to exploit resources out in space, but the timeframe for developing space won't guarantee a profitability even in our own lifetimes so there's no investment incentive. Only social programs can work on that timescale.

you need the resources of an entire planet to unify and organize any large scale solar building

only communism can get us to a Kardashev scale 1 civ

# ? Jul 2, 2018 06:10

Larry Parrish: Jul 9, 2012; by Jeffrey of YOSPOS

Yeah if anything the handful of private space companies have proved that the R&D expenses to develop a reliable space launch vehicle are just too high for any one company to bear. Although there's that idea of digging a giant tunnel for a railgun cannon some brain genius came up with for raw material launches. That could probably be done by a private company if there was any demand for it

# ? Jul 2, 2018 06:32

rudatron: May 31, 2011; by Fluffdaddy

The rate of profit for anything is space is so marginal, compared to scamming people back on earth, with poo poo like bitcoins. Hence why millions of graphics cards are being burned out doing the equivalent to calculating digits of pie to win a coupon, but we don't have a moon base.

# ? Jul 2, 2018 09:50

rudatron: May 31, 2011; by Fluffdaddy

aeiou

aeiou

john madden

# ? Jul 2, 2018 09:53

rudatron: May 31, 2011; by Fluffdaddy

I also like isaac arthur, but it's such a shame that, like most tech nerds, they've bought wholesale into the crypto/musk/sci-fi headspace, and they're not critical aboutly thinking about some things.

Though -- there's an idea for a thread, c-spam in space

# ? Jul 2, 2018 09:56