The 1st US Presidential debate of 2016

Discussion in 'Current Affairs' started by mmissinglink, Sep 27, 2016.

  1. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Of course. But forgiving government debt whilst maintaining the current size of government is no long term solution.

    This is what I propose, there are a couple of choices, it will be extremely painful but will return us to a point from where we can rebuild.

    1. Default. Let those who were willing to buy government debt suffer their losses, then

    2. Downsize the Federal government making its only responsibility national defense and foreign territories where the members of those communities don't wish to be self-autonomous. Return all other responsibilities to the States.

    3. If we don't default then the States assume the responsibility to pay off any outstanding Federal debts as well their former areas of responsibility.
     
  2. Jislizard

    Jislizard Well-Known Member Silver Stacker

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  3. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    I don't have a problem with your #2, but your #1 results in a financial crisis/collapse. Institutions with exposure to government debt go down due to over-leveraging and then regular citizens lose their life savings - or are dependent on government guarantee/bailout, which is back where we started. That scenario is a far worse than wealth redistribution, it is outright wealth destruction.
     
  4. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    You think giving money to creditors that hasn't been created as a result of wealth enhancing economic activity is not wealth destruction?
     
  5. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    I didn't say it wasn't. It's about the lesser of evils required to fix the problem. It is about scale and breadth of destruction.

    A crisis/collapse is destruction on a massive scale and will wipe out some, while others may be unscathed.

    Inflation is more gradual and hits all savers pretty much equally. I think a tightly managed print and pay debt program is not only less destruction but more broadly applied (and thus fairer?)

    I hate the fact I seem to be advocating this, but I can't get past the fact this is a huge problem and without a solution it is only going to get worse. IMHO the US only has a limited amount of time to address it before it gets to the point where it is beyond salvation.
     
  6. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    A program that progressively destroys our monetary system over 20 years as opposed to 2 months?

    :)
     
  7. ego2spare

    ego2spare Active Member

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    The illites hate him... :lol: :lol: :lol: :lol:
    Bunch of deplorables.. :rolleyes:

    And ON TOP of all that he is filling in the gaps with politicians from the bush era. :rolleyes:

    "drain the swamp"? hes excavating the sides to make it bigger lol
    .... the illites hate him... :rolleyes: ....
    U deplorables will go down in history as the dumbest bunch of easily fooled morons :lol:
     
  8. betterlatethannever

    betterlatethannever New Member

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  9. ego2spare

    ego2spare Active Member

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    Sup bra? :) how u been?
     
  10. serial

    serial Well-Known Member Silver Stacker

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    yet another prediction by ego to spare the biggest full of sht poster here. I see you still haven't taken me or anyone up on the offer to bet that Clinton will be sworn in despite claiming this many times post election. just like everything else you say, you don't actually believe it your just trying to troll people with totally false bs
     
  11. ego2spare

    ego2spare Active Member

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    Prediction? :rolleyes: ... most of them are locked in or on the brink of being anounced u moron. Your alt right/fake facebook media dosent report on reality, so your only source of real media is ...me i guess.. :/

    Believe what? Me saying clinton winning the second time was a joke.. it was pretty obvious in the way that i said it and quickly brushed over it. i never replied to your "bet" because i thought you were joking because nobody could be that stupid.. but.. u still keep pushing this nothing "bet" that u made up by yourself...
     
  12. betterlatethannever

    betterlatethannever New Member

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    Shaking my head that you are still banging on about the done and dusted U.S. election :/

    You need a holiday,lucky Christmas is upon us :)
     
  13. fosinator

    fosinator Member

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    Lol
     
  14. serial

    serial Well-Known Member Silver Stacker

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    This is exactly the point I made. Every thing you say is a joke designed to troll and get a rise. Your full of hot air and no conviction, that is why you shut up about Hillery being sworn in when called on your shot with offers of a bet.
     
  15. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    [youtube]http://www.youtube.com/watch?v=MuRezLaB-6o[/youtube]
     
  16. Court Jester

    Court Jester Well-Known Member Silver Stacker

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  17. ego2spare

    ego2spare Active Member

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    And then this..

    [youtube]http://www.youtube.com/watch?v=RHX8dYprN90[/youtube]

    Trump is dutertes biggest supporter.
     
  18. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    Obummer is a son of a whore afterall

    Id vote for Duterte
     
  19. ego2spare

    ego2spare Active Member

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    Of course you would....
     
  20. MetalHeart

    MetalHeart New Member

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    Maybe crazy, maybe not...

    [youtube]http://www.youtube.com/watch?v=eFfFtq1fljY[/youtube]
     

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