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Thread: Reverand Paul gives a sermon on the Book of Fiscal Conservatism

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    Re: Reverand Paul gives a sermon on the Book of Fiscal Conservatism

    Quote Originally Posted by Geoist View Post
    Every time "trickle down economics" is mentioned I get the mental picture of getting pissed on. I guess the analogy would be apt.
    Whenever I hear it mentioned, it makes my eye twitch.

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    Re: Reverand Paul gives a sermon on the Book of Fiscal Conservatism

    Quote Originally Posted by Beaudreaux View Post
    Fiscal Conservatism. One aspect of conservatism that Senator Rand Paul and I are in agreement upon. The Republicans are no better than the Democrats when it comes to spending and debt.

    This is a 21 minute video, but if you care at all about the future of this country, and our children's future as well, then you should both watch this video, and then contact your Congressman/Senator to support Senator Paul's budget proposal.

    I like Rand Paul for a number of reasons, but this is one issue of many where I disagree with him (though I do love his calling out of Republican hypocrisy).

    Private debt is the problem, not public debt

    "Men did not make the earth ... it is the value of the improvement only, and not the earth itself, that is individual property... Every proprietor owes to the community a ground rent for the land which he holds." -- Thomas Paine, Agrarian Justice
    http://www.wealthandwant.com/

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    Re: Reverand Paul gives a sermon on the Book of Fiscal Conservatism

    Quote Originally Posted by Geoist View Post
    I like Rand Paul for a number of reasons, but this is one issue of many where I disagree with him (though I do love his calling out of Republican hypocrisy).

    Private debt is the problem, not public debt

    ...
    Really? Are we thuspothed to take thith guy theriosthly?

    He sounds worse than Barney.
    I'm not going to chase you while you run around with the goalpost in your arms.

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    Re: Reverand Paul gives a sermon on the Book of Fiscal Conservatism

    Quote Originally Posted by Critter7r View Post
    Really? Are we thuspothed to take thith guy theriosthly?

    He sounds worse than Barney.
    Ah, so speech impediment = no brains.

    Classy.
    "Men did not make the earth ... it is the value of the improvement only, and not the earth itself, that is individual property... Every proprietor owes to the community a ground rent for the land which he holds." -- Thomas Paine, Agrarian Justice
    http://www.wealthandwant.com/

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    Re: Reverand Paul gives a sermon on the Book of Fiscal Conservatism

    Quote Originally Posted by Geoist View Post
    Ah, so speech impediment = no brains.

    Classy.
    I tried to pair of with a Mike Tyson meme, but didn't have the time.

    Sent from my SM-G360V using Tapatalk
    I'm not going to chase you while you run around with the goalpost in your arms.

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    Re: Reverand Paul gives a sermon on the Book of Fiscal Conservatism

    Quote Originally Posted by Critter7r View Post
    I tried to pair of with a Mike Tyson meme, but didn't have the time.

    Sent from my SM-G360V using Tapatalk
    Go waste someone else's time.
    "Men did not make the earth ... it is the value of the improvement only, and not the earth itself, that is individual property... Every proprietor owes to the community a ground rent for the land which he holds." -- Thomas Paine, Agrarian Justice
    http://www.wealthandwant.com/

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    Re: Reverand Paul gives a sermon on the Book of Fiscal Conservatism

    Quote Originally Posted by Master PO View Post
    still befuddled are you JohnfrmClevelan?
    Not at all. Do you not understand the difference between debt in your own currency and debt in a foreign currency?

    Also, you can answer the question I posed to you anytime.
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    Re: Reverand Paul gives a sermon on the Book of Fiscal Conservatism

    Quote Originally Posted by Spartacus FPV View Post
    So? Its still an answer to the challenge you posed. Moving goalposts shows a lack of integrity.
    And not understanding my answer shows a lack of intelligence.

    If you don't know how deep the pool is, don't dive in head first.
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    Re: Reverand Paul gives a sermon on the Book of Fiscal Conservatism

    Quote Originally Posted by Critter7r View Post
    So he asks a question about sovereign debt, you respond with a comment about Argentina's debt (which was not sovereign), and you claim he's moving the goalposts? You simply answered the question incorrectly.
    Actually it was sovereign debt. It was debt issued by Argentina in a specific currency. Argentina issued Peso at 1:1 parity to the dollar. The peso fell dramatically against the dollar to 4:1 causing major inflation and they'd couldn't issue Peso bonds to pay off it's dollar bonds.

    But if you aren't happy with that.. here is a list of Sovereign Defaults since 1998.
    Every normal man must be tempted at times to spit on his hands, hoist the black flag, and begin to slit throats. It is inaccurate to say that I hate everything. I am strongly in favor of common sense, common honesty, and common decency. This makes me forever ineligible for public office. H.L Mencken

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    Re: Reverand Paul gives a sermon on the Book of Fiscal Conservatism

    Quote Originally Posted by JohnfrmClevelan View Post
    That debt was in foreign currency.

    Now, answer your question, Po.
    Actually, that debt was issued in fix rate agreements. Meaning Argentina only had to issue more Pesos to buy the dollars to cover it.
    Every normal man must be tempted at times to spit on his hands, hoist the black flag, and begin to slit throats. It is inaccurate to say that I hate everything. I am strongly in favor of common sense, common honesty, and common decency. This makes me forever ineligible for public office. H.L Mencken

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