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President Biden: The NEW one and only politics thread

Discussion in 'Sports and News' started by Moderator1, Jan 20, 2021.

Page 4256 of 8906
  1. Baron Scicluna

    Baron Scicluna Well-Known Member

    Baron Scicluna, Jan 6, 2023
    #51061
    HanSenSE, garrow and Jake from State Farm like this.
  2. dixiehack

    dixiehack Well-Known Member

    dixiehack, Jan 6, 2023
    #51062
    HanSenSE likes this.
  3. Jake from State Farm

    Jake from State Farm Well-Known Member

     
    Jake from State Farm, Jan 6, 2023
    #51063
  4. Octave

    Octave Well-Known Member

    these sorry fuckin people

     
    Octave, Jan 6, 2023
    #51064
  5. Deskgrunt50

    Deskgrunt50 Well-Known Member

    Sounds like part of the McCarthy surrender guarantees the republicans will force us to default on the debt ceiling.

    Everyone have fun with the upcoming intentionally wrecked economy.
     
    Deskgrunt50, Jan 6, 2023
    #51065
  6. The Big Ragu

    The Big Ragu Moderator Staff Member

    Default on the debt ceiling?
     
    The Big Ragu, Jan 6, 2023
    #51066
  7. Starman

    Starman Well-Known Member

    Starman, Jan 6, 2023
    #51067
  8. The Big Ragu

    The Big Ragu Moderator Staff Member

    It might not have been such a good idea to run sovereign debt up to 125 percent of GDP, with the closest thing to a plan behind the recklessness being blind issuance of exponentially more debt in perpetuity (while presumably relying on a central bank to monetize that debt by suppressing interest rates. ... which unfortunately created asset price inflation and a lot of misallocated capital throughout the economy and now has unleashed consumer price inflation that is making the shortsightedness much more unpalatable).

    By the time you have run up that much debt, yeah, Moody's was stating the obvious the last time the debt ceiling came up. You have basically leveraged the country, and if the massive debt bomb you created explodes. .. .it sure is going to have devastating effects for everyone.

    Anyhow, again. ... I've heard of defaulting on debt. I'd never heard of defaulting on the debt ceiling.
     
    The Big Ragu, Jan 6, 2023
    #51068
  9. Songbird

    Songbird Well-Known Member

    [​IMG]
     
    Songbird, Jan 6, 2023
    #51069
  10. Spartan Squad

    Spartan Squad Well-Known Member

    Maybe multi-millionaires and corporations should pay their taxes instead of claiming depreciation …
     
    Spartan Squad, Jan 6, 2023
    #51070
  11. BTExpress

    BTExpress Well-Known Member

    Hit them with a monster tax bill, and they just start with the layoffs and hiring freezes, and the government doesn't get revenue from the people looking for work --- and even has to give them money via unemployment. Doesn't solve a thing via paying down government debt.

    Been there when Tribune Company was hit with a $600 million tax bill in 2005.
     
    BTExpress, Jan 6, 2023
    #51071
  12. Jake from State Farm

    Jake from State Farm Well-Known Member

     
    Jake from State Farm, Jan 6, 2023
    #51072
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