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Why the Kids Care

Lord of Planar said:
It's obvious he doesn't understand compound interest on the debt, and what inflation does to that interest rate.
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I think I’ve got that down pretty well, thanks.

I do find it a fascinating character flaw that when you can’t grasp my argument, you default to her obviously understands nothing’.

Sas
 
Threegoofs said:
I think I’ve got that down pretty well, thanks.

I do find it a fascinating character flaw that when you can’t grasp my argument, you default to her obviously understands nothing’.

Sas
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You're right.

I don't understand your argument.

Please elaborate.
 
Lord of Planar said:
You're right.

I don't understand your argument.

Please elaborate.
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It’s quite basic,although foreign to libertarians.

Debt, accumulated in 1800, is irrelevant in 2020- it’s literally a rounding error in the budget.

And it is accumulating interest- but that interest is mostly paid to...ourselves, since the vast majority of US sovereign debt is owned to ourselves.

So what we are functionally doing is borrowing money from ourselves, and paying ourselves back a century or more later.

Moreover, that money is being invested in the economy, causing it to grow, and the combo of economic growth and the inevitable inflation ensures that the debt is a minor issue, as long as the nation is immortal (it is) and always growing (it is..so far).
 
calamity said:
And, maybe why the older folks don't give a damn.

Post 2100:
ca112f54a.png

Blue indicates counties where flooding will displace residents if sea levels rise by six feet by 2100. Counties in shades of pink and red will see higher-than-average migration, with the darker shades representing larger population increases.



The kids know this is real. And, like Greta, they are rightfully voicing their anger at the older generations who ignore the danger or simply do not care since it's not their problem.
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Kids don't care.....they have been indoctrinated.

Sent from my SM-G892A using Tapatalk
 
calamity said:
And, maybe why the older folks don't give a damn.

Post 2100:
ca112f54a.png

Blue indicates counties where flooding will displace residents if sea levels rise by six feet by 2100. Counties in shades of pink and red will see higher-than-average migration, with the darker shades representing larger population increases.



The kids know this is real. And, like Greta, they are rightfully voicing their anger at the older generations who ignore the danger or simply do not care since it's not their problem.
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Maybe all the kids care about is staying single and having sex. Isn’t that what some old folks want too?

As the old saying goes “Live hard, die young and leave a beautiful corpse .”
 
Threegoofs said:
It’s quite basic,although foreign to libertarians.

Debt, accumulated in 1800, is irrelevant in 2020- it’s literally a rounding error in the budget.

And it is accumulating interest- but that interest is mostly paid to...ourselves, since the vast majority of US sovereign debt is owned to ourselves.

So what we are functionally doing is borrowing money from ourselves, and paying ourselves back a century or more later.

Moreover, that money is being invested in the economy, causing it to grow, and the combo of economic growth and the inevitable inflation ensures that the debt is a minor issue, as long as the nation is immortal (it is) and always growing (it is..so far).
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Sorry. I don't buy into that illusion that debt is not debt.
 
Lord of Planar said:
Sorry. I don't buy into that illusion that debt is not debt.
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In other words, you dont really understand sovereign debt.

That’s OK. It’s a hard concept to get, especially when one is politically invested not to understand it.
 
Threegoofs said:
In other words, you dont really understand sovereign debt.

That’s OK. It’s a hard concept to get, especially when one is politically invested not to understand it.
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Believe as you wish.
 
Lord of Planar said:
Believe as you wish.
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Look... I stated the concept.

You said I obviously dont know what I’m talking about.

Then you admitted that you dont really know.

Then I explained it.

And you then dismissed it without any actual thought.

I certainly WILL believe what I wish, because its built upon evidence.
 
Threegoofs said:
Look... I stated the concept.

You said I obviously dont know what I’m talking about.

Then you admitted that you dont really know.

Then I explained it.

And you then dismissed it without any actual thought.

I certainly WILL believe what I wish, because its built upon evidence.
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Once you elaborated, and I see your position, I laugh at the incorrect concept.

Thank-you for sharing the fantasy of Utopia.
 
Lord of Planar said:
Once you elaborated, and I see your position, I laugh at the incorrect concept.

Thank-you for sharing the fantasy of Utopia.
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Utopia?

You mean the fantasy that a country can have lots of sovereign debt for hundreds of years yet have it not impede economic growth?

That’s reality.
 
Threegoofs said:
Utopia?

You mean the fantasy that a country can have lots of sovereign debt for hundreds of years yet have it not impede economic growth?

That’s reality.
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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.
 
Lord of Planar said:
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.
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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.
 
Threegoofs said:
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.
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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.
 
longview said:
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.
Click to expand...

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.
 
Threegoofs said:
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.
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As the service on the debt consumes a large and larger portion of the budget, "if" becomes a real possibility.
 
Masterhawk said:
How do you know which news is fake?
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You research them. If theyre based on computer models, climate proxies, or studies without neutral peer review then theyre suspect.
 
Masterhawk said:
Ever thought about using this?
Media Bias/Fact Check - Search and Learn the Bias of News Media
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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."[SUP][2][/SUP]

Media Bias/Fact Check - Wikipedia

en.wikipedia.org › wiki › Media_Bias › Fact_Check
jWIDPL8PXvMzz9TzuLVZgB4AExRsO8ga8hoAAAAAElFTkSuQmCC






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, ...
 
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