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Thread: Obama warns about years of trillion-dollar deficits

  1. #81
    Banned Goobieman's Avatar
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    Re: Obama warns about years of trillion-dollar deficits

    Quote Originally Posted by winston53660 View Post
    I'd say investing in new ideas that create value is a good idea.
    And what did I say?
    What it comes down to is that huge deficits are OK as long as:
    - The Dems have power
    - They say they have a 'good reason' for running them.

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    Re: Obama warns about years of trillion-dollar deficits

    Quote Originally Posted by winston53660 View Post
    I'd say investing in new ideas that create value is a good idea.
    Too bad the US government's record of picking good ideas is so dismal.

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    Banned Iriemon's Avatar
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    Re: Obama warns about years of trillion-dollar deficits

    Quote Originally Posted by Goobieman View Post
    What it comes down to is that huge deficits are OK as long as:
    - The Dems have power
    - They say they have a 'good reason' for running them.

    (Note that only Dems can have a 'good reason' for running them)
    That's funny, what I had perceived is that what it comes down to is that huge deficits are OK as long as:

    - The Repubs have power
    - Republicans say they have a 'good reason' for running them.
    - They're because of tax cuts

    (Note that only Repubs can have a 'good reason' for running them)

    Funny how that works out.

  4. #84
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    Re: Obama warns about years of trillion-dollar deficits

    Quote Originally Posted by Goobieman View Post
    What it comes down to is that huge deficits are OK as long as:
    - The Dems have power
    - They say they have a 'good reason' for running them.

    (Note that only Dems can have a 'good reason' for running them)
    pointing out their hypocrisy gets repetitive though.

  5. #85
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    Re: Final nail in the coffin

    Quote Originally Posted by shiznit770 View Post
    Don't worry about us, we can handle ourselves. There have been proclamations of doom before, the most they amount to is recession and once, depression. As you can see we've survived them all. I'm sure we'll find some way to get out of this one without "total collapse and civil war".
    Yes, but the most notable collapse is not economically, but politically and intellectually, as well as less than those socially. Add on top of this a financial crash never before seen, which will most likely last until the economy and way of running it is completely overhauled. This I cannot see happening, I cannot foresee great economic and political changes happening in the US, and if they do not, a civil war is inevitable.
    Europe is illegally occupied by the US

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    Re: Obama warns about years of trillion-dollar deficits

    Quote Originally Posted by winston53660 View Post
    I'd say investing in new ideas that create value is a good idea.
    Me too. If they existed. But if they existed the private sector would be doing that.
    From the ashes.

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    Re: Obama warns about years of trillion-dollar deficits

    Quote Originally Posted by winston53660 View Post
    I'd say investing in new ideas that create value is a good idea.
    Yes, like what? Investing hundreds of billions(possibly a trillion) of dollars in bankrupt financial institutions?

    But investing in new ideas that create long term value is against the ideals of capitalism, which will only invest in things for short term profits... It will unfortunately never happen Winston that a capitalist society will do long term investments, unless something changes COMPLETELY.
    Europe is illegally occupied by the US

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