View Poll Results: Should the USA default?

Voters
37. You may not vote on this poll
  • Yes

    5 13.51%
  • No

    28 75.68%
  • It's not possible anyways

    3 8.11%
  • I don't know

    1 2.70%
  • Other

    0 0%
Page 2 of 4 FirstFirst 1234 LastLast
Results 11 to 20 of 37

Thread: Should the USA default?

  1. #11
    Sage
    Dittohead not!'s Avatar
    Join Date
    Dec 2009
    Location
    The Golden State
    Last Seen
    Yesterday @ 08:47 PM
    Gender
    Lean
    Libertarian
    Posts
    41,580

    Re: Should the USA default?

    Quote Originally Posted by Gimmesometruth View Post
    Pfft......what do you know?

    Nothing I tell you!

    You need to to get learned by a cow doctor!

    “I think, personally, it would bring stability to the world markets,”
    OMG! How many people like this have we elected? Maybe Congress is stupid enough to default.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

  2. #12
    Global Moderator
    Moderator
    Helix's Avatar
    Join Date
    Jul 2011
    Last Seen
    Today @ 01:28 AM
    Gender
    Lean
    Independent
    Posts
    37,121

    Re: Should the USA default?

    Should the USA default?
    not only no, but **** no.

  3. #13
    Banned
    Join Date
    Mar 2011
    Location
    EUSSR
    Last Seen
    03-24-14 @ 01:43 PM
    Gender
    Lean
    Libertarian
    Posts
    3,851

    Re: Should the USA default?

    Quote Originally Posted by RabidAlpaca View Post
    Increasing the money supply without a proportional increase in goods and services will cause a devaluation of the dollar...
    Not really. The USA has been exporting dollars for decades.

  4. #14
    Professor
    SBu's Avatar
    Join Date
    Sep 2013
    Location
    Washington State
    Last Seen
    01-18-16 @ 03:52 AM
    Gender
    Lean
    Centrist
    Posts
    1,523

    Re: Should the USA default?

    Quote Originally Posted by clownboy View Post
    How much can we get for Puerto Rico, Guam and the US Virgin Islands? If Mexico had any money these days we could sell them SoCal.
    Wow, actually not a bad idea. I'd keep Guam though.

  5. #15
    Engineer

    RabidAlpaca's Avatar
    Join Date
    Feb 2012
    Location
    American in Europe
    Last Seen
    Today @ 04:48 AM
    Gender
    Lean
    Libertarian - Left
    Posts
    14,587

    Re: Should the USA default?

    Quote Originally Posted by Canell View Post
    Not really. The USA has been exporting dollars for decades.
    .....Seriously? You really think we've been handing out 20 trillion? The US government has been intentionally inflating our currency for almost a hundred years. Are you denying that fact?
    Quote Originally Posted by LowDown View Post
    I've got to say that it is shadenfreudalicious to see the rich and famous fucquewads on the coast suffering from the fires.

  6. #16
    Banned
    Join Date
    Mar 2011
    Location
    EUSSR
    Last Seen
    03-24-14 @ 01:43 PM
    Gender
    Lean
    Libertarian
    Posts
    3,851

    Re: Should the USA default?

    Quote Originally Posted by RabidAlpaca View Post
    .....Seriously? You really think we've been handing out 20 trillion?
    No, those 17 trillion are just the public debt of the U.S. . What does this to do with the "dollar export"?

    Quote Originally Posted by RabidAlpaca View Post
    The US government has been intentionally inflating our currency for almost a hundred years. Are you denying that fact?
    The FED, to be precise.
    No, I'm not. Let's see if they can stick to their guns at their 100-th anniversary (Christmas 2013).

  7. #17
    Rogue Graffias's Avatar
    Join Date
    Apr 2011
    Location
    Midwest U.S
    Last Seen
    08-26-15 @ 07:34 PM
    Gender
    Lean
    Socialist
    Posts
    924

    Re: Should the USA default?

    Quote Originally Posted by RabidAlpaca View Post
    The markets would react very wildly to such a decision and the value of the dollar would plummet, that's not even taking into account the actual devaluation by an increase in the money supply.
    Letting the dollar plummet will increase U.S exports. When the U.S. has a weak currency, this means foreigners get more U.S. goods cheaper. It also will create jobs. A few years ago when the dollar was very weak, European car makers were scrambling to open plants and move operations to the US, because having their costs based in Euros, but selling a product to the US market in dollars, was killing them. They wanted to move some manufacturing to the US so as to have costs based in dollars, so they could then feed the US market, but also export from the US to other countries.
    Last edited by Graffias; 10-08-13 at 05:12 AM.
    AN AUTHORITARIAN SOCIALIST OPPOSED TO GLOBALISM, ZIONISM, AND FEMINISM, AND IN FAVOR OF SOVEREIGN NATIONS, A PALESTINIAN STATE, AND MEN'S RIGHTS!

  8. #18
    The Dude
    Kobie's Avatar
    Join Date
    Sep 2013
    Location
    Western NY
    Last Seen
    Yesterday @ 11:23 PM
    Gender
    Lean
    Liberal
    Posts
    42,910

    Re: Should the USA default?

    Quote Originally Posted by Canell View Post
    A U.S. Default Seen as Catastrophe Dwarfing Lehman

    I say print 20 trillion dollars, pay the debt and go on.
    What do you think?
    Well, that's a really stupid idea. But of course the U.S. shouldn't default.
    Freedom of speech is not freedom from criticism.

  9. #19
    The Dude
    Kobie's Avatar
    Join Date
    Sep 2013
    Location
    Western NY
    Last Seen
    Yesterday @ 11:23 PM
    Gender
    Lean
    Liberal
    Posts
    42,910

    Re: Should the USA default?

    Quote Originally Posted by Canell View Post
    What would you suggest paying off the current 17 trillion dollars debt? Taxes, sell off, privatization, what?
    Explain to me why we have to pay off that debt now.
    Freedom of speech is not freedom from criticism.

  10. #20
    Engineer

    RabidAlpaca's Avatar
    Join Date
    Feb 2012
    Location
    American in Europe
    Last Seen
    Today @ 04:48 AM
    Gender
    Lean
    Libertarian - Left
    Posts
    14,587

    Re: Should the USA default?

    Quote Originally Posted by Graffias View Post
    Letting the dollar plummet will increase U.S exports. When the U.S. has a weak currency, this means foreigners get more U.S. goods cheaper. It also will create jobs. A few years ago when the dollar was very weak, European car makers were scrambling to open plants and move operations to the US, because having their costs based in Euros, but selling a product to the US market in dollars, was killing them. They wanted to move some manufacturing to the US so as to have costs based in dollars, so they could then feed the US market, but also export from the US to other countries.
    It's a global market, haas. You're trying to inflate people into poverty. Name one country that has a really weak currency but is really prosperous. Go ahead I'll wait.

    Mexico perhaps?
    Quote Originally Posted by LowDown View Post
    I've got to say that it is shadenfreudalicious to see the rich and famous fucquewads on the coast suffering from the fires.

Page 2 of 4 FirstFirst 1234 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •