Everybody's talking about a "recession" and that "raising the debt ceiling" will save America. That's BULLSHIT.
A recession is basically harsh times. This, on the other hand, is America having spendt so INCREDIBLY PARIS HILTON much money on attacking random countries, that they have used up BOTH all the money they had AND all the money they could EVER borrow.
There ain't no recovering from this one. What makes a "developing nation" is basically so huge loans to the industrial nations that they're just paying interest. When the basically imaginary "debt ceiling" is raised, Americas spending will NOT stop there, because they STILL have their occupations to fund, and they STILL have a new CONSTITUTIONAL wellfare system to support that only Bush could have thought was economically sound.
You're going DOWN, America, and you're gonna STAY down!
FUCK YEAH!
A couple of years from now I'm gonna have myself an imported american slave to suck my dick and torture, and every time she gets nosey, I'll remind her that she fucking voted for Bush.
This, on the other hand, is America having spendt so INCREDIBLY PARIS HILTON much money on attacking random countries, that they have used up BOTH all the money they had AND all the money they could EVER borrow.
America has used up all the money it could ever borrow? What fucking planet are you from?
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Anonymous2011-08-04 17:18
>>2
That's why it's called a debt CEILING. Throughout history the US has been borrowing money from China, together with Japan, the United Kingdom and Brazil. This was made under the guise that the US would at MOST borrow a set number of trillion dollars. With the US now having raised its own limit for how much it can borrow, wanting even MORE money, it has passed its roles as a lender, and entered its role as a leech, as it comes into question whether or not the US will ever pay back what it has borrowed, and if it can ever be trusted with money and investments. After this limit has been passed, the US is therefore at the MERCY of China and its buddies, who could basically say "Hey US, this is Japan. We want to buy Hawaii from you, with your debt. We want to plant a big fat bronze middle finger in the middle of Pearl Harbor. Also, California is looking pretty good too.".
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Anonymous2011-08-04 20:48
If the US goes down, it will cause shockwaves throughout the world economy.
Maybe they'll sell my state, Minnesota, to Canada, first.
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Anonymous2011-08-04 22:07
Then you can enjoy what it's like to not have a Bill of Rights. The PC police can literally take your ass to court over your opinions.
Canada will treat you guys good, don't worry. We got our asses working to save ourselves when the USA goes down.
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Anonymous2011-08-06 2:28
Official List of counries with higher credit ratings than North Mexico
UK
France
Germany
Netherlands
Sweden
Norway
Denmark
Luxemburg
Switzerland
Finland
Australia
Austria
Canada
>>7
China doesn't have overpopulation. It's been on the news recently, China apparently doesn't have enough young people to do the labour they're so good at (Nike shoes, tv's, etc). So it is possible that their economy will fall due to population ageing.
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Anonymous2011-08-06 12:18
>>15
"noko"
disregard that I suck cocks, I forgot how to textboards...
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Anonymous2011-08-06 13:03
>>15
Total World population: 6,935,700,000 (by August 6, 2011)
China's population: 1,339,724,852 (by November 1, 2010) (19.32% of the world's population)
India's population: 1,210,193,422 (by March 1, 2011) (17.45% of the world's population)
United States' population: 311,907,000 (4.5% of the world's population)
China has FOUR TIMES the population of the US, and China is somewhat SMALLER than the US. A steady stream of chinese immigrants are pouring into Russia (and other countries) as we speak.
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Anonymous2011-08-06 17:19
>>15
China's problem isn't even overpopulation,it's that a large portion of their GDP and "growth" is smoke and mirrors. Being an authoritarian regime, the Chinese leaders can just order their people to build something in the middle of nowhere regardless of demand and call it growth, when in reality the products hold little to no actual value. The second China is held accountable for it's practices, it's going to experience an economic collapse the likes of which the world has ever seen.
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Anonymous2011-08-06 18:27
>>18
What part of "four times the population" is unclear to you?
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Anonymous2011-08-06 20:11
The Chinese aren't a bunch of selfish assholes consuming 40 times what they need, so China's landmass can support a much larger population.
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Anonymous2011-08-06 21:59
>>20
The chinese aren't ALLOWED to consume 40 times what they need because the government isn't feeding them that. It's still overpopulated.
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Anonymous2011-08-06 22:25
>>20
I'd rather consume 40 times what I need and simply get poorer during a drought instead of have 40 times the population and have to watch people starve every time there is a drought.
You obviously don't know what overpopulation is.
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Anonymous2011-08-08 19:38
I heard Obama said in his speech that no matter what institute lowers their rating, America is still a triple-A country.
That denial tactic was a hilariously stupid strategy, because we've seen Obama fight the congress from day one, and we know the budget cuts are very real, but I don't really get what's so AAA about America right now, and outright LYING about America going down, isn't exactly inspiring trust in whatever investors would still be doubting Americas collapse.
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Anonymous2011-08-08 19:41
"There is no cause for alarm! No matter what some institute says, this boat is NOT sinking! Never mind my life vest!"
- Obama
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Anonymous2011-08-08 19:57
>>24
Inb4 spend you way out of debt! Duuuurrrrr! HuRR!
It's "not spend your way out of debt", it's "spend your way out of recession", which works. Solving the debt problem is a different animal entirely.
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Anonymous2011-08-11 1:15
Watching the US crumble is a BEAUTIFUL sight!
Yesterday the stockmarket actually rised somewhat and the fools and the optimists noticed that this would usually be a good time to buy stocks, but today they would realize that this was no ordinary plummet, but the beginning of the end of "the Great Satan", and my barbecued sausages are tasting GREAT, thank you! Soon the time will be ripe for an even BIGGER Satan to take the stage: China. Say "ching chong" to your new Lord and Master, world!
>>27
You do realize that if the USA falls, China goes with it. They heavily depend on each other. learn2globaleconomy
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Trotsky 2011-08-11 7:05
>You're going DOWN now, America!
Oh, you're so foolish. America is the first and the biggest economy in the whole world. And it can't go down. Whole world including my own Soviet Motheяland depends on the U.S. This is irrefutable, I suppose.
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Anonymous2011-08-11 9:21
>>30
Then by your logic, the Roman empire is still a superpower.
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Anonymous2011-08-11 10:17
>>30
Then by your logic, the British empire is still a superpower.
Prove that. Roman Empire was a superpower until the fifth century. British Empire was a real superpower for only a few ages.
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Anonymous2011-08-11 14:58
>>30
Americas economy has during the latter years been depending on the world thinking EXACTLY "But America CAN'T go down! It just CAN'T! It is the only supporting pillar in the worlds economy!", and that thought alone.
No, America CAN go down. Just watch it! This is going to be BEAUTIFUL!
FUCK YOU AMERICAN WORLD!
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Anonymous2011-08-11 15:40
but...
not all of us are dumb.
I don't agree with the way the government handles money. In fact, I don't think we should have ever switched to paper currency...
I think we should have kept all of our communities small in size and self-sufficient; instead of the mindless consumerism around me, which is not sustainable.
You fucking asshats. Our government's corrupt. SURPRISE
>>28
Right, which is why nearly every Western country that got itself out of the Great Depression used spending to do so. Hand waving about "Keynesianism" is not going to do you any favors. Plus, nobody in their right mind thinks Keynes' theory is infallible anyway.
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Anonymous2011-08-11 19:55
>>34
Hell, I'm even an American, and I'm waiting with bated breath!
Bikes? check.
Garden? check.
Smart tough kid/ family? check.
This current clusterfuck regarding the debt crisis in the eurozone/us would be hilarious to watch except I'm in the eurozone.
Ah well, I'm Irish, I can just move to good aul Blighty, that bastion of stability and fiscal prudence, what they're rioting EVERYWHERE? ah shit, better start learning Chinese/Portugese...
Ok not a great plan either, ah screw this I'm off to Oz!
Debt I never ever pay back and have no intentionn of doing so = My money now, suckers!
>>38
I don't think it's as bad as people are making it out to be for the Eurozone at least. The UK has the Conservatives elected, and there were warnings that riots would happen if Cameron (and his party) got elected. And Greece is another issue entirely. The rest of the Eurozone seems to be doing fine.
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Anonymous2011-08-14 2:17
>>36
You're more than welcome to spend your way out of this debt. God, humans are so bloody stupid. And to think I have to mate with your kind to get some kind of offspring.
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Anonymous2011-08-14 13:07
I think everyone is ignoring the fact that the United States has been in debt since it's inception. There are a lot of stupid people on this board. I can understand why m00t deleted /new/.
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Anonymous2011-08-14 13:30
no we actually broke even once in 1836ish, source is IOUSA documentry
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Anonymous2011-08-14 14:03
>>39
lol YOU CAN'T CUT OFF OUR WELFARE MONEYS, YOU'LL REGRET THIS!!
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Anonymous2011-08-14 18:18
>>41
Yes, but responsible countries work to PAY OFF their debt, which the states did until Bush came along and spent money like the crazed texan he is. What the states are starting to do NOW, is sinking INTO debt. It's basically turning into a developing country. I'm going to buy me a cheap american cocksucker a couple of years from now.
>>43
I believe it's your constitutional right to buy a gun and defend your life, isn't it? Make sure to buy these things while they're still legal, and lots of ammo, because you'll be facing a couple of decades of starvation and civil war.
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Anonymous2011-08-14 19:52
>>44
Then Obama came along and spent more in 3 years than Bush's 8 years, even though Obama understood he inherited a lot of debt.
Hypocrisy isn't just an idea, it's a life style.
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Anonymous2011-08-14 21:26
>>45
That's false, as Bush's spending was legendary. Obama's spending doesn't even come close, but the kicker is that much of "Obama's spending" is Bush's fault as well:
Bush spent so much money so poorly, that the states are STILL paying for it, and will pay for it for years to come. Obama is still paying Bush's bill, like paying support for troops that Bush started a war with, and paying for a wellfare system that Bush wrote into the constitution.
Obama would actually have stopped all the spending within a couple of months after coming into power, if it wasn't for Bush's republicans voting his budget down.
The monetary system depends on debt in order to create money. As money gets destroyed from debt liquidation, it becomes inevitable that a money shortage occurs. People who are insisting they obtain more money, yet that debts must be cleared, can not achieve their goal, in the macro-economic sense.
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Anonymous2011-08-16 1:20
>>49
Cream! I thought you were a libertarian? Also, having OMG HUGE DEBT isn't a good over the long-term. Back in 2000 there was $5 trillion of debt, now it's $14 trillion. In ten years, what next?
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Anonymous2011-08-16 3:38
>>47
Bush passed a bill that made the new wellfare system a part of the constitution, making it impossible to take back without some serious effort.
>>48
If you two were not talking about recession brought on by debt, you seem to be way off-topic.
>>52
No, YOU're an idiot - an idiot who either can't read previous posts, or don't understand anything beyond primitive graphs. The current crisis is due to Bush's former decisions and the republicans having a voting majority, not due to whoever happens to be the current president.
I say again: You're an idiot.
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Anonymous2011-08-16 7:20
Even Greece is doing better than the US. Europe doesn't have to worry (too much).
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Anonymous2011-08-16 7:20
Even Greece is doing better than the US. Europe doesn't have to worry (too much).
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Anonymous2011-08-16 10:16
>>55
Eurodelusion. Germany, France, and Englands economies have all been lagging. Most of the stock losses today are from the eurozone and ratings agencies are considering European downgrades, meanwhile the us has been confirmed as AAA and stable by everyone except s and p. American manufacturing is on the rise still and the trade deficit is steadily decreasing.
>>57
I hate people who aren't psychotic self absorbed narcissists, it's the only way to see things logically. I mean seriously, you "normal" people are just pussies, even if you have certain talents or high intelligence you're universally ineffective and docile. I hate it. I'd rather have to face off a superior competitor than live among sheep.
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Anonymous2011-08-16 15:15
>>56
The supporting sinners will of course burn together with the great satan, but in the end you can't really compare Europe's fate with the states. Europe will make it, while the great satan won't.
>>57
"Psychotic, self-absorbed narcissists"? You're referring to north americans, right?
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Anonymous2011-08-16 15:56
>>60
I'm talking about people who cut through the bullshit, those ahead of the curve, of course not all psychotic self-absorbed narcissists are intelligent or competent but then only those with the qualities I mentioned are psychotic self-absorbed narcissists.
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Anonymous2011-08-17 3:18
>>53
I'm going to conclude that you're trolling at this point.
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Anonymous2011-08-17 4:07
>>62
No, at this point (when I've pointed out why that graph is bullshit and why you're an idiot, and when you STILL refuse to get such a simple thing) there is only one conclusion to draw: That YOU are the troll. ...or possibly twelve years old.
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Anonymous2011-08-17 7:54
>>63 he claims that bush caused obama to increase the deficit three fold he thinks this proves that i am an idiot
Yep, definitely a troll.
The GOP has been incapable of balancing a budget since its reorganization from the Southern Strategy days, and Democrats aren't much better, either (though, at least more sane when it comes to such things on the whole).
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Anonymous2011-08-17 17:59
>>64
Bush increased FUTURE government spending threefold, which Obama can't change, especially not since he is being outvoted by republicans at every turn. You're some kind of GOLDEN idiot, aren't you? I guess it goes together with your republican views. Every US election it's just about faggot populists (democrats) vs. greedy idiots (republicans). This is why your country is crumbling now: It didn't deserve to be in the first place.
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Anonymous2011-08-17 20:05
>The GOP has been incapable of balancing a budget
You can thank the Dems, leftwing media and Obama for that.
>>67
Well I did say that Democrats aren't terribly better at balancing one, either. But at least they're not being mental children and holding the government and the rest of the country at the mercy of nearly defaulting on its debt obligations.
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Anonymous2011-08-17 22:37
>>68
The Tea Party didn't create the debts, but they are making the children behave. Your blame game seems obviously political.
>>69 The Tea Party didn't create the debts
No, but the Republican Party did (along with Democrats). Honestly, American politics would be more interesting if the Tea Party movement coalesced and became an actual third party, like the Green Party or the Libertarian Party, and completely disassociated themselves from both mainline parties. Not this brain-damaged faux party that assimilated into the Republican Party, and made the whole political scene more ass-backwards than it already is. but they are making the children behave.
By being mental children themselves? Yeah, that's works well. Your blame game seems obviously political.
It's not a blame game. It's more of being aware and stating facts. The Republican Party has been incapable of balancing a budget, or having any sort of sane stance on anything for the past 45 years or so. Decades of shit government doesn't magically disappear overnight, and having a different party in control of government for a few measly years doesn't magically fix that, either. Even the damage Reagan has caused has yet to be healed, and as long as the GOP stays in power and continues to be the morons they are, it won't ever be.
Ok, I'll oblige you. Name the policies that Bush set in place that forced Obama to increase the deficit by three fold. List them for me. I'm looking forward to your explanation on how Bush forced Obama to bailout the mega-corporations (suspiciously the ones that funded his campaign) and how he managed to force Obama to enact a job-creation stimulus that cost almost $300,000 per job created.
I'll also point out some hilariously incorrect assumptions you've made about me.
a) I'm not a Republican, I'm a Libertarian. I don't support Bush at all, in fact I dislike him almost as much as Obama, and my attack on Obama could only be interpreted as a defense of Bush by GOLDEN idiots such as yourself.
b) I'm not American. It's not my country that is crumbling.
Now please don't disappoint me by revealing that you actually are a troll.
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Anonymous2011-08-18 10:14
>>71
Sure, I'll name all of those policies. Just wait here while I call your newsstations requesting the research data. Meanwhile, why don't you name all fifty states for me?
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Anonymous2011-08-18 11:42
>>71
They're called Medicare and the whole middle eastern war, you stupid son of a bitch. ...or maybe you thought invading countries was cheap. Medicare was predicted to ruin America in a couple of years time even BEFORE Obama came into power. 60 Minutes did a special about that.
...but I know what you're going to say:
"I don't believe it! PROVE that wars cost lots of money! PROVE that healthcare costs lots of money! Dig up that 60 Minutes episode for me!"
The main issue here is that you're an idiot. Would I prove all this to you, we'd end up with "PROVE that those soldiers didn't volunteer for free! SHOW ME the financial plan for that healthcare plan, and PROVE that it can't be made more cheaply!" and your fanatical idiocy would still beat anything. ...so when I call you an idiot, it's really more of a valid argument than an attack.
>>74
I don't know everything about north american politics - I'm roasting my weiners all the way over from Europe.
*checks*
Oh...my...god...
Bush ruined his own country ON PURPOSE???!!!
...and he has the balls to publicly call it "good for the taxpayers, and it's incredibly positive news"???!!!
...AND YOU VOTED FOR THIS GUY!!!
WHAT THE FUCK IS WRONG WITH YOU???!!!
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Anonymous2011-08-19 1:13
For an uncontrolled stock market crash to occur, the market has to pass certain "hurdles" in the form of stages where lots of stocks are bought for some reason.
Last week the market passed the beliefs and hopes of serious investors who believed that it couldn't possibly get any worse, yesterday it passed automated failsafes of computer systems, and today the time has come for the last stand of the insider investors, who are currently buying lots of stocks. The stock market crash will be a fact just a few days after this.
To all north americans: You only have a couple of days left to stock up on guns and ammo before the price of them starts to rise, because when this gets ugly, you may have to defend your lives.
Let's say that instead of Bush assuming power, Bin Laden was put in power, and he actively tried to ruin America. (I actually don't think president Bin Laden would go beyond perhaps strengthening the relations with the middle east, but let's say he's every bit as evil as state propaganda tries to portray him as.) What would Bin Laden do in order to ruin America? He would try to waste away all its money through clumpsy random wars and expensive projects while saying that weakening "the great Satan/beast" was good for the people, but he would lack the family contacts to do so, so would you north americans have voted for BIN LADEN, you would be better off! Bush was the bigger enemy of the states!
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Anonymous2011-08-20 3:12
Bush wasn't very good, but he could have been worse. He could have been Obama.
>>80 CRITICISING OBAMA IS RACIST AND UNFAIR
Is that you're excuse for everything?
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Anonymous2011-08-20 7:45
your*
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Anonymous2011-08-20 8:49
>>81
When you're just saying "Obama is worse" without providing anything better, I'm going to pull the race card on you.
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Anonymous2011-08-20 11:55
WHO THE FUCK IS SO BLIND TO THINK BUSH WAS A GOOD IDEA??????
only the richest of the rich should like bush
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Anonymous2011-08-20 20:20
>>84
I don't even think the richest of the rich is that fond of the government taking lots of their "hardearned" money to spend on wellfare. Maybe "the dumbest of the dumb" would be more accurate.