Us debt crisis.
- DarkfoxSoldier
- Member
I find it curious that the video is only viewed about 300 times but has over 1,400 likes.
Regardless it's a nice simple explaination of the debt problem we're having. Unfortunately I believe we're stuck with making the economy worse.
Regardless it's a nice simple explaination of the debt problem we're having. Unfortunately I believe we're stuck with making the economy worse.
- #2
- 10 August 2011 - 08:28 AM
- Treeless Druid
- Member
End bush tax cuts, end tax loopholes, end 2 wars. Problem solved
- #5
- 10 August 2011 - 12:33 PM
- Dr. Klaus
Member
Quote
Uncle Sam can't raise taxes without making the recession worse? What garbage. The simple solution is to close tax loopholes, and then raise taxes on corporations and the rich. Everybody knows it, but congresspersons fall into the rich category and they don't want to tax themselves, and corporations can now fund their campaigns, so they don't want to anger their corporate sponsors.
"Uncle Sam can't raise taxes", please, what garbage.
"Uncle Sam can't raise taxes", please, what garbage.
This guy is half right, but it can't be that simple. It will make some difference, but not enough.
This post has been edited by Dr. Klaus: 10 August 2011 - 03:56 PM
- #7
- 10 August 2011 - 03:56 PM
- Carcharocles
- BCI Member
No matter what, there will have to be both tax raises and spending cuts. Unfortunately, some folks in the government tend to want to cut spending on the wrong areas (medicaid, medicare, social security) and refuse to raise taxes (I'm looking at YOU, republicans). On the other hand, Democrats want to raise taxes only on the wealthy alone AND not cut any spending. Problem is, you're going to have to raise some taxes on the middle class as well, and cutting spending is absolutely necessary.
In short, neither party has the right idea.
In short, neither party has the right idea.
This post has been edited by Carcharocles: 10 August 2011 - 04:00 PM
- #8
- 10 August 2011 - 04:00 PM
- Dr. Klaus
Member
ChewySmokey, on 10 August 2011 - 06:20 PM, said:
ha! sucks to be you 
You must've missed that last bit: If we go, the entire flipping world goes with us. It's called a "Global Economic Collapse."
Which is sort of a cushion because nobody's gonna hurt us if it means we take everyone down with us.
This post has been edited by Dr. Klaus: 10 August 2011 - 09:02 PM
- #10
- 10 August 2011 - 09:01 PM
- Borg Lord
- Talk shit about furries and see how mad I get!
Member 
And then of course there's all the fun of watching Congress squabble over the problem and invest months of time into passing ludicrously ineffectual compromises. It is rare indeed that dictatorship looks so good.
- #11
- 10 August 2011 - 09:25 PM
Keeping my almost minimum wage job in a shitty department store never looked so important.
- #12
- 10 August 2011 - 10:36 PM
- ReyOzymandias
- Childish, as usual.
Member 
I've always liked the idea of a responsible monarchy or oligarchy, but that's just never going to happen.
Also, on dictatorship, it has at least some record of being effective. In Germany, people papered their walls with german marks because they were worth absolutely nothing, and then Hitler whipped the country back into shape. He was probably the most evil man to ever walk the face of the planet, but he saved Germany from the great depression.
Also, on dictatorship, it has at least some record of being effective. In Germany, people papered their walls with german marks because they were worth absolutely nothing, and then Hitler whipped the country back into shape. He was probably the most evil man to ever walk the face of the planet, but he saved Germany from the great depression.
- #14
- 10 August 2011 - 11:45 PM
Vote Evil Genius for dictator today!
- #15
- 11 August 2011 - 12:54 AM
I would vote for Jerk. 
- #16
- 11 August 2011 - 03:26 AM
ReyOzymandias, on 10 August 2011 - 11:45 PM, said:
Hitler
He was probably the most evil man to ever walk the face of theplanet media.
He was probably the most evil man to ever walk the face of the
Fixed.
What was that rule about forum threads and hitler / nazis again?
Oh yeah...
crap.
- #19
- 11 August 2011 - 04:08 AM
- OneLonelyPickle
- Member
Until I see some public rioting or violent civil disobedience run rampant across the States like in Great Britain, I'll refuse to believe this whole debt shit is anything more than some sick, twisted attempt at forging news.
- #21
- 11 August 2011 - 06:42 AM
- ChewySmokey
- BCI Member
Dr. Klaus, on 10 August 2011 - 09:01 PM, said:
ChewySmokey, on 10 August 2011 - 06:20 PM, said:
ha! sucks to be you
You must've missed that last bit: If we go, the entire flipping world goes with us. It's called a "Global Economic Collapse."
Which is sort of a cushion because nobody's gonna hurt us if it means we take everyone down with us.
Yes, but where exactly does Canada fit into all this? I hear about recessions and people have a hard time finding jobs in the US, but all I see are help wanted signs everywhere up here. They may be our largest trading partner, but surely their shit can't completely overwhelm our shit.
This post has been edited by ChewySmokey: 11 August 2011 - 09:59 PM
- #22
- 11 August 2011 - 09:55 PM
- Dr. Klaus
Member
ChewySmokey, on 11 August 2011 - 09:55 PM, said:
Yes, but where exactly does Canada fit into all this? I hear about recessions and people have a hard time finding jobs in the US, but all I see are help wanted signs everywhere up here. They may be our largest trading partner, but surely their shit can't completely overwhelm our shit.
You'd be surprised.
All the junk you get from us -- gone.
All the junk you get from countries who work/trade/deal with us -- gone.
I doubt Canada is entirely self-dependent.
This post has been edited by Dr. Klaus: 11 August 2011 - 10:04 PM
- #23
- 11 August 2011 - 10:03 PM
- ChewySmokey
- BCI Member
Dr. Klaus, on 11 August 2011 - 10:03 PM, said:
ChewySmokey, on 11 August 2011 - 09:55 PM, said:
Yes, but where exactly does Canada fit into all this? I hear about recessions and people have a hard time finding jobs in the US, but all I see are help wanted signs everywhere up here. They may be our largest trading partner, but surely their shit can't completely overwhelm our shit.
You'd be surprised.
All the junk you get from us -- gone.
All the junk you get from countries who work/trade/deal with us -- gone.
I doubt Canada is entirely self-dependent.
what exactly do we get from the US? Everything says Made in China or Made in Canada
don't forget all the wood you get from us, where will you be then?!
but seriously, I don't see things getting TOO out of control compared to the US itself. hell, the US might become the "new" Mexico with people crossing our border looking for work
This post has been edited by ChewySmokey: 11 August 2011 - 10:09 PM
- #24
- 11 August 2011 - 10:07 PM
- ReyOzymandias
- Childish, as usual.
Member
A huge percentage of the money the US government owes is to China, they're the biggest shareholder in our debt, China will be high and mighty if the US collapses.
- #26
- 11 August 2011 - 10:10 PM
- esalaka
- Banned
ReyOzymandias, on 11 August 2011 - 10:10 PM, said:
A huge percentage of the money the US government owes is to China, they're the biggest shareholder in our debt, China will be high and mighty if the US collapses.
Until they realize they aren't getting money from anywhere because of the collapse. I don't mean it would happen instantly.
Although I suppose it would be good if the current government of China changed its habits a bit. Calling yourself communist for practically no reason is kinda silly.
- #27
- 11 August 2011 - 10:15 PM
- ChewySmokey
- BCI Member
esalaka, on 11 August 2011 - 10:15 PM, said:
Although I suppose it would be good if the current government of China changed its habits a bit. Calling yourself communist for practically no reason is kinda silly.
I second that
- #28
- 11 August 2011 - 10:20 PM
- ReyOzymandias
- Childish, as usual.
Member
Fair enough, but China's national debt is currently 3% of their GDP, so they have a lot of wiggle room in that regard. Not getting their money back is probably not as terribly huge of a problem than if they were, say, Great Britain, whose debt is something like 250-300% of their GDP, if I recall.
- #29
- 11 August 2011 - 10:20 PM
- ChewySmokey
- BCI Member
Jerk, on 12 August 2011 - 01:24 PM, said:
wacko, on 11 August 2011 - 03:26 AM, said:
I would vote for Jerk.
I have a surefire plan to save the economy: we're going to pay our creditors with the cleansing flame of nuclear holocaust.
you've got my vote. could you cleanse North Korea while you're at it?
- #33
- 12 August 2011 - 05:34 PM
- Hen Barrison
- Member
Yes we have. Fortunately, we were able to get our shit together, and raise the debt ceiling. Hopefully, we will raise taxes and cut spending.
Although, with congress and the shape its in, I don't see much hope.
This is not entirely his fault you know.
Although, with congress and the shape its in, I don't see much hope.
Jerk, on 10 August 2011 - 11:34 PM, said:
-Image-
He kept his promise. All we have left is change.
He kept his promise. All we have left is change.
This is not entirely his fault you know.
This post has been edited by Hen Barrison: 13 August 2011 - 05:47 AM
- #36
- 13 August 2011 - 05:47 AM
ChewySmokey said:
Yes, but where exactly does Canada fit into all this? I hear about recessions and people have a hard time finding jobs in the US, but all I see are help wanted signs everywhere up here. They may be our largest trading partner, but surely their shit can't completely overwhelm our shit.
Things are good in Canada right now, but they might not be soon. I'm already seeing fewer help-wanted signs than before.
The U.S. economy is growing slowly, and Europe is struggling with debt problems. That means less demand for our natural resources, which eventually translates to fewer jobs available to Canadians. It takes a while for the signs to show, because Canada typically lags behind whatever direction the U.S economy is going in.
ReyOzymandias said:
A huge percentage of the money the US government owes is to China, they're the biggest shareholder in our debt, China will be high and mighty if the US collapses.
China is the biggest foreign holder of U.S. debt, yes. However, the majority of the money the U.S. owes is to its own citizens. China holds about 8% of the total U.S. debt.
This post has been edited by wacko: 13 August 2011 - 06:48 AM
- #37
- 13 August 2011 - 06:46 AM
Silly Americans. You should've known black people can't run a country.
Just look at Southern Africa.
-awaits mob lynching-
Just look at Southern Africa.
-awaits mob lynching-
- #38
- 13 August 2011 - 09:06 PM
- esalaka
- Banned
AbstractPurpose, on 13 August 2011 - 09:06 PM, said:
Silly Americans. You should've known black people can't run a country.
Just look at Southern Africa.
-awaits mob lynching-
Just look at Southern Africa.
-awaits mob lynching-
Not for racist jokes but for the fact much of the excessive spendings while the younger Bush was president.
That, and Africa is irrepairable mostly because someone thought it's a good idea to enslave a continentful of people.
- #39
- 13 August 2011 - 09:16 PM
- Infinity
- Member
esalaka, on 13 August 2011 - 09:16 PM, said:
AbstractPurpose, on 13 August 2011 - 09:06 PM, said:
Silly Americans. You should've known black people can't run a country.
Just look at Southern Africa.
-awaits mob lynching-
Just look at Southern Africa.
-awaits mob lynching-
Not for racist jokes but for the fact much of the excessive spendings while the younger Bush was president.
That, and Africa is irrepairable mostly because someone thought it's a good idea to enslave a continentful of people.
Someone? How about a handful of countries
- #40
- 13 August 2011 - 10:10 PM
- esalaka
- Banned
Infinity, on 13 August 2011 - 10:10 PM, said:
esalaka, on 13 August 2011 - 09:16 PM, said:
AbstractPurpose, on 13 August 2011 - 09:06 PM, said:
Silly Americans. You should've known black people can't run a country.
Just look at Southern Africa.
-awaits mob lynching-
Just look at Southern Africa.
-awaits mob lynching-
Not for racist jokes but for the fact much of the excessive spendings while the younger Bush was president.
That, and Africa is irrepairable mostly because someone thought it's a good idea to enslave a continentful of people.
Someone? How about a handful of countries
I consider "Most of Western Europe" "someone"
- #41
- 13 August 2011 - 10:13 PM
ReyOzymandias, on 10 August 2011 - 11:45 PM, said:
...Hitler... was probably the most evil man to ever walk the face of the planet...
Joseph Stalin would like to have a word with you
- #45
- 14 August 2011 - 04:04 AM
Fear the vlogbrothers for they are wise and powerful.
- #46
- 14 August 2011 - 05:43 AM
- Jerk
- Member
Dr. Klaus, on 13 August 2011 - 11:29 PM, said:
Actually, the mistake lies in dividing a TRIBAL continent made up of SMALL tribes into HUGE COUNTRIES which led to WARRING FACTIONS
This is the real culprit behind the Great African Clusterfuck.
Also, fine: "individuals acting overwhelmingly with the full authority and blessings from their respective governments."
- #47
- 14 August 2011 - 06:40 AM
Though even if the tribal system had been left intact, they'd probably still have overpopulated and warred over resources and shit.
- #48
- 14 August 2011 - 06:44 AM
- Dr. Klaus
Member
They wouldn't necessarily have realised they had some of the resources they are fighting over. For example, they didn't know some of them had oil until we told them what it was and how valuable we consider it to be. But yes, they might still have fought regardless. The 'political redistribution' doesn't help one bit.
- #49
- 14 August 2011 - 01:41 PM
- Lycan
- call me lyucs
Member 
That half happened with Brazil a couple of decades ago (GODDAMN, I'M OLD)
I don't know what exactly happened for the problem to be solved, but it did.
It involved changing currency from 'Cruzeiros' to 'Reais'.
It's hard to get out from that situation, but it's not impossible, surely.
I don't know what exactly happened for the problem to be solved, but it did.
It involved changing currency from 'Cruzeiros' to 'Reais'.
It's hard to get out from that situation, but it's not impossible, surely.
- #50
- 14 August 2011 - 06:00 PM