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Thread: Why the Kids Care

  1. #141
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    Re: Why the Kids Care

    Quote Originally Posted by Lord of Planar View Post
    We cannot continue on this path. It has to stop. It was bad enough that the bond holders were US citizens banking on other peoples taxes and policies that buy political votes. It's even worse now the China and other nations hold a large amount of out debt.
    Foreign holdings are definitely a problem.

    But owing money to yourself when you are
    A) immortal and
    B) printing your own money

    Is not a huge problem.
    Many Trump supporters have lots of problems, and those deplorables are bringing those problems to us. They’re racists. They’re misogynists. They’re islamophobic. They're xenophobes and homophobes. And some, I assume, are good people.

  2. #142
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    Re: Why the Kids Care

    Quote Originally Posted by Threegoofs View Post
    Foreign holdings are definitely a problem.

    But owing money to yourself when you are
    A) immortal and
    B) printing your own money

    Is not a huge problem.
    It is still a problem!
    Consider that if the global market lost confidence in the USA'a ability to pay back bonds,
    the credit ranking would drop and the interest rate on new debt would increase.
    Any new deficit spending would be at a much higher interest rate, eating more and more of the
    Government revenue, and reducing what could be spent on actual programs,
    rather than simply servicing the debt.

  3. #143
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    Re: Why the Kids Care

    Quote Originally Posted by longview View Post
    It is still a problem!
    Consider that if the global market lost confidence in the USA'a ability to pay back bonds,
    the credit ranking would drop and the interest rate on new debt would increase.
    Any new deficit spending would be at a much higher interest rate, eating more and more of the
    Government revenue, and reducing what could be spent on actual programs,
    rather than simply servicing the debt.
    It’s a problem ‘if’.

    And that ‘if’ won’t happen.

    Unless some real idiots come to power and threaten to do it themselves, like the GOP once did because the black guy was in charge.
    Many Trump supporters have lots of problems, and those deplorables are bringing those problems to us. They’re racists. They’re misogynists. They’re islamophobic. They're xenophobes and homophobes. And some, I assume, are good people.

  4. #144
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    Re: Why the Kids Care

    Quote Originally Posted by Threegoofs View Post
    It’s a problem ‘if’.

    And that ‘if’ won’t happen.

    Unless some real idiots come to power and threaten to do it themselves, like the GOP once did because the black guy was in charge.
    As the service on the debt consumes a large and larger portion of the budget, "if" becomes a real possibility.

  5. #145
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    Re: Why the Kids Care

    Quote Originally Posted by Threegoofs View Post
    It’s a problem ‘if’.

    And that ‘if’ won’t happen.

    Unless some real idiots come to power and threaten to do it themselves, like the GOP once did because the black guy was in charge.
    I seem to not be the only one concerned.
    Financial Report of the United States Government - Executive Summary - An Unsustainable Fiscal Path
    The current fiscal path is unsustainable.

  6. #146
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    Re: Why the Kids Care

    Quote Originally Posted by PoS View Post
    I dont pay much attention to fake news.
    How do you know which news is fake?

  7. #147
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    Re: Why the Kids Care

    Quote Originally Posted by Masterhawk View Post
    How do you know which news is fake?
    You research them. If theyre based on computer models, climate proxies, or studies without neutral peer review then theyre suspect.

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    Re: Why the Kids Care

    Quote Originally Posted by PoS View Post
    You research them. If they're based on computer models, climate proxies, or studies without neutral peer review then they're suspect.
    Ever thought about using this?
    Media Bias/Fact Check - Search and Learn the Bias of News Media

  9. #149
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    Re: Why the Kids Care

    Quote Originally Posted by Masterhawk View Post
    It is without value.

    The Columbia Journalism Review describes Media Bias/Fact Check as an amateur attempt at categorizing media bias and Van Zandt as an "armchair media analyst."[2]

    Media Bias/Fact Check - Wikipedia

    en.wikipedia.org › wiki › Media_Bias › Fact_Check






    Media Bias/Fact Check is a web site that rates factual accuracy and political bias in news media. The site classifies media sources on a political bias spectrum, ...
    "Above all, not too much zeal." --Prince Talleyrand

  10. #150
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    Re: Why the Kids Care

    Quote Originally Posted by Masterhawk View Post
    What Jack said.

    And, just to humor you, what the hell does media bias even have to do with scientific accuracy?

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