That's not really true. The Chinese navy is like 80% the size of the US. There is no way the rest of the world doesn't make up that other 20%.
US defaults next week what does everyone think?
- Thread starter Capt.Toilet
- Start date
-
Two Factor Authentication is now available on BeyondUnreal Forums. To configure it, visit your Profile and look for the "Two Step Verification" option on the left side. We can send codes via email (may be slower) or you can set up any TOTP Authenticator app on your phone (Authy, Google Authenticator, etc) to deliver codes. It is highly recommended that you configure this to keep your account safe.
Lizard Of Oz
Demented Avenger
I am voting Republican next election. They will have it all fixed in four years no problem. It's time we put people in office that have all the answers.
I'm not celebrating any demise, I did tell you so though.
Cheney sounds a lot like Obama, certainly not like a Tea Party terrorist.
Last edited:
And then 4 years later you will vote Democrat again, then 4 years later you will vote Republican. See what I am doing here. None of the parties are competent enough to fix anything so your vote is going to be wasted no matter which side you choose.
Heh I skipped over the previous posts and didn't realize our credit rating is now AA.
FUCK YEAH!!!!
I am so ready for a little anarchy
FUCK YEAH!!!!
I am so ready for a little anarchy
Well, I have heard them say on several occasions that they know exactly how to fix this and if I vote for them it will be fixed quick.
Who shall I vote for? I am hoping for a good one like Palin. She will run this country like a PTO Meeting. That shit is serious business!
So a few more thoughts:
For starters, why did S&P downgrade our debt?
In other words: the deal wasn't big enough. I feel that this goes right back to the point I made earlier in the thread. The deal needed to be 4 trillion. Why weren't Democrats willing to sign a bill that involved 4 trillion in cuts in exchange for a debt ceiling raise?
It will be very interesting to see how this fits in with everything else that has been happening. I have been told that this happened to Japan, and that there wasn't much of a reaction when it did. Still this sort of thing just changes the whole mood of the market.
I just hope people can keep everything straight. I'm seeing a lot of people trying to blame recent market action on the debt ceiling fight. This is complete hogwash. This has everything to do with Eurozone worries, and fundamental data that indicates the global economy is slowing. Similarly we can't really blame this on Obama. I still think he's done damage to our economy, and is largely responsible for our weak recovery. However, if we go into another recession I don't think it's entirely his fault. Of course he'll still get the blame. The president has to accept responsibility for what happens under his watch, even if he's not the cause.
I'd also like to get into the spending cuts vs revenue generation debate. The following study claims that based on a historical analysis of countries with debt problems, spending reductions are more likely to be successful. I like this article because most arguments about this subject have focused on what is fair and reasonable. I want to discuss what is effective.
http://www.cnbc.com/id/44035766
For starters, why did S&P downgrade our debt?
In other words: the deal wasn't big enough. I feel that this goes right back to the point I made earlier in the thread. The deal needed to be 4 trillion. Why weren't Democrats willing to sign a bill that involved 4 trillion in cuts in exchange for a debt ceiling raise?
It will be very interesting to see how this fits in with everything else that has been happening. I have been told that this happened to Japan, and that there wasn't much of a reaction when it did. Still this sort of thing just changes the whole mood of the market.
I just hope people can keep everything straight. I'm seeing a lot of people trying to blame recent market action on the debt ceiling fight. This is complete hogwash. This has everything to do with Eurozone worries, and fundamental data that indicates the global economy is slowing. Similarly we can't really blame this on Obama. I still think he's done damage to our economy, and is largely responsible for our weak recovery. However, if we go into another recession I don't think it's entirely his fault. Of course he'll still get the blame. The president has to accept responsibility for what happens under his watch, even if he's not the cause.
I'd also like to get into the spending cuts vs revenue generation debate. The following study claims that based on a historical analysis of countries with debt problems, spending reductions are more likely to be successful. I like this article because most arguments about this subject have focused on what is fair and reasonable. I want to discuss what is effective.
http://www.cnbc.com/id/44035766
Yeah sure it may not be his fault entirely, but can you imagine the backlash he is going to get for being the only president(that I know of) that went through 2 recessions in 1 term. It is going to be ungodly for that poor fucker. Stocks are going to plummet really freaking hard come close of business Monday over the credit downgrade, and you can bet your sweet Mormon ass another Recession will hit before years end.
2 recessions? Maybe you haven't noticed but we never really left the first one. Stock market be damned, fucking tons of people are unemployed, but not reported because they don't qualify for unemployment checks. I know a bunch of people looking for work and I live in a pretty damn high job area. Maybe I know a bunch of slacker assholes. I don't know.
ok that kinda ownsseriously, though, OMG WE LOST SOME CREDIT RATING BETTER HAVE A REVOLUTION! END OF AMERICA!
Heh... I think it's a serious situation but not surprising. You really can blame Obama since he blamed Bush's "failed" policies and yet his policy changes haven't changed anything. However, on that same note, you can't blame him OR Bush because this problem has been building for decades upon decades.
Well put. Our banks have been sending out shit-tons of loans when nobody can pay 'em back, and then make a killing on interest. It used to be based on credit until Reaganomics came in and put national debt into what I like to call a snowball effect. Yeah, we saw economic growth because he lowered the barriers, but debt skyrocketed. A lot of the economic changes he had put in place were beneficial in the short run, but had unforeseen (I'd like to believe) ramifications that were decades down the road.
Sorry if my post comes off as half-baked. Rather tired right now.