gdp's Comments

Big Government : Inflation Threatens Economic Recovery

Tue, 22 Mar 2011 16:58:46 +0000

But consider this: Obama's budget was ~3 Trillion, and had ~1 Trillion Deficit. We can assume that theres ~2 Trillion in existing tax revenue. Assuming that, it would take 7 years to pay off the national debt if the Government spent NOTHING on anything else. Assuming zero deficit, it would likely take several times as long. Alternately, with the 1:1 Debt to GDP ratio, it would take the Entire Productive Economy 1 year to put all money towards the Debt, to pay it off. Lastly, The Government prints money to pay it off, and then contracts once the debt is gone. Or, as always, the Gov't can default. None of those options are very nice. I would argue that, of those options, (the first two are more theoretical anyway, not actually achievable), the Inflation is the least burdensome. It pisses me off as well, because I'm a college student (luckily, without student loans), and i've saved up a healthy sum, and for a brief period it will be worthless. However, given the right leadership, and careful contraction after the inflationary period, Money would resume its usual value and be healthier than before--granted severe legal and regulatory reform takes place. So, no matter what, the actual recovery from this economic crisis is going to be hard. People won't starve--at least, fiscally conservative people who spent the intervening years creating a buffer in case of these scenarios will not starve. But it will be hard, and it will hurt the world on a global scale. but in the end, I would be willing to pinch my pennies and forgo a large meal every day if it meant my future dollars would be more productive and the US would be debt-free. Contrast this with Default, in which 14 Trillion instantly vanishes from the global Accounts Receivable, no one wants to take US debt, and suddenly the US Dollar is worthless and i would argue unusable. The ONLY OTHER way that I have mentioned is the ZERO DEFICIT SPENDING. but i don't believe republicans OR Democrats have the guts to put medicare, medicaid, social security, military spending, and all the other parts of our budget on the financial guillotine. So my recommendation (pretending at least that i'm qualified to give a recommendation) is to find a way to transfer your assets 10 years into the future assuming an economic collapse between now and then.

Big Government : Inflation Threatens Economic Recovery

Tue, 22 Mar 2011 16:35:49 +0000

WHAT recovery? The Market is all a lie, the Government basically legalized fraud back in 2008 by way of SEC manipulations. The Debt to GDP ratio is 1:1, the credit stats are bolstered by college loans (which is also fraudulent), so i ask: WHERE IS THE RECOVERY? The only way to recover the economy, in my opinion, is to erase the national debt. that'd take decades if the government stopped operating on a deficit, almost a decade if it spent zero dollars on anything, ever. That leaves inflating the debt away (which sounds bad, and it would hurt the world a lot, but we could do it and save the Greenback at the same time), or Defaulting (which is just as bad as it sounds, and we would likely have to abandon the greenback). So i'm wondering what exactly the problem is with inflation. yeah, it doesn't help the economy look any better, but when the economy is built on fraud i welcome inflation--it will kill off the parasites in our economy and maybe we'll be able to get back to fixing things sooner.

Big Journalism : Morning Thread: Earth and Friend, from 114 Million Miles Away

Tue, 24 Aug 2010 15:31:45 +0000

How big is the earth? Ok, now how big is the sun? http://www.youtube.com/watch?v=Dv6OtEnIAQk Unless you're one of those Geocentrics. Or Flat-Earthers. But thats ok, this is a learning moment.

Big Journalism : Goodbye To All That: A Farewell to the MSM

Wed, 18 Aug 2010 17:39:24 +0000

So long and thanks for all the fish

Big Journalism : The Media's Rehabilitation of Michael Bellesiles, Right on Schedule

Wed, 4 Aug 2010 19:33:14 +0000

This guy seems like a winner.

Big Journalism : Fears, Worries, Yada Yada Yada: The New York Times Quails Before the Gun-Crazed, 'Motley Carn

Mon, 2 Aug 2010 15:54:20 +0000

"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." -- Thomas Jefferson

Big Peace : Spy Swap or Spy Flop?

Fri, 16 Jul 2010 17:47:24 +0000

Disappointing. That is all.

Big Government : Michelle Obama’s Fake Black Obesity Concerns

Fri, 16 Jul 2010 16:10:11 +0000

The problem is the Welfare State Hard work, the poor learns to hate they hold out their palm and break out in song "Its been hours since last we ate!" If the gov't would cut back its welfare programs, more people would be induced to hard work. but right now being poor is EASY. if THAT changes, then we'll probably get MORE progress.

Big Government : Michelle Obama’s Fake Black Obesity Concerns

Fri, 16 Jul 2010 15:52:34 +0000

If the Revolutionaries could found America, and if the Confederates could manage to Secede, then i refuse to believe that theres any such thing as a point of no return.

Big Government : Michelle Obama’s Fake Black Obesity Concerns

Fri, 16 Jul 2010 15:42:09 +0000

There are lots of kids that are fat no one is denying that but michelle is a hack that thinks being black is all that she needs to change that

Big Government : Life Sucks in Black Urban Communities? Blame the Tea Party!

Fri, 16 Jul 2010 15:38:52 +0000

This Organization is Done Their Civil Rights already won they've got nothing to say they should go away before they piss off everyone

Big Peace : Open Thread: Who Wins the Poetry Contest--Us or Them?

Fri, 16 Jul 2010 14:03:14 +0000

Americans- Sharpen your knives Enemies- Flee for your lives We're dropping the bomb Like we did back in 'Nam Destroying your islamic hives

Big Peace : UK Signals Retreat...

Thu, 15 Jul 2010 16:44:26 +0000

maybe we'll give ourselves the medal for courageous restraint...

Big Government : The Tea Party Is Not Racist

Wed, 14 Jul 2010 20:28:31 +0000

Thanks Mr. Steele. Now can you please step down?

Big Peace : UK Signals Retreat...

Wed, 14 Jul 2010 20:26:54 +0000

America alone, fighting another folly. at least the brits are leaving. how many more americans must die before we realize how STUPID it is to stay?

Big Government : GOV2.0: Personality Tests for Public Employees

Wed, 16 Jun 2010 20:15:48 +0000

why not 100%? thats what i'd prefer personally. some might say its more humane to just start a hiring freeze and then let them retire. with less benefits. and no pension. i'd be alright with either of those options.

Big Government : GOV2.0: Personality Tests for Public Employees

Wed, 16 Jun 2010 20:09:32 +0000

Better solution: Stop hiring them all together. Talk about savings! and no annoying personality exams!

Big Government : CHANGE! 53 Days Later Obama Administration Decides to Accept Dutch Offer to Help With Spill

Wed, 16 Jun 2010 19:16:20 +0000

This government doesn't answer the phone. Leave a message, and they'll call you back, if they feel like it. LOL.

Big Government : What Super Tuesday Told Us

Wed, 9 Jun 2010 15:09:54 +0000

no, the only way to balance the budget is to cut social welfare, and other redundant/unnecessary government bureaucracies, but no one has the courage to do THAT. Heads need to roll. no ones doin it.

Big Government : What Super Tuesday Told Us

Wed, 9 Jun 2010 14:32:57 +0000

Geez, thanks for the info *facepalm* I guess I got pwnt by the MSM? Either way, the healthcare debacle was ludicrous. Thanks, Forgive the error!