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So we hit the debt limit...

Started by MadImmortalMan, May 17, 2011, 01:18:23 PM

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CountDeMoney

#870
July 31, 2011, 03:53:43 PM
Quote from: MadImmortalMan on July 31, 2011, 03:03:35 PM
Hurry up fuckers. Overseas markets open really soon.

Don't worry, it'll collapse soon enough, and everyone will get their way and have an excuse to blame the nigger President for not fixing the entire economy in a weekend.  Bachmann Uber Alles.

MadImmortalMan

#871
July 31, 2011, 04:02:47 PM
Reid: "We hope to get a deal done tonight."





Buy buy buy!!!

"Stability is destabilizing." --Hyman Minsky

"Complacency can be a self-denying prophecy."
"We have nothing to fear but lack of fear itself." --Larry Summers

Razgovory

#872
July 31, 2011, 04:10:12 PM
Quote from: CountDeMoney on July 31, 2011, 03:47:17 PM

Feel better now?

Berkut gets worked up thinking about those black people getting his money.
I've given it serious thought. I must scorn the ways of my family, and seek a Japanese woman to yield me my progeny. He shall live in the lands of the east, and be well tutored in his sacred trust to weave the best traditions of Japan and the Sacred South together, until such time as he (or, indeed his house, which will periodically require infusion of both Southern and Japanese bloodlines of note) can deliver to the South it's independence, either in this world or in space.  -Lettow April of 2011

Raz is right. -MadImmortalMan March of 2017

DGuller

#873
July 31, 2011, 04:36:30 PM
Quote from: Admiral Yi on July 31, 2011, 01:18:09 PM
Quote from: DGuller on July 31, 2011, 12:57:51 PM
Automatic stabilizers like extended unemployment insurance payments account for the big chunk of it, more than 1 percentage point of GDP above the normal level.

That still leaves quite a few percentage points of GDP unaccounted for.
OK, I've dug a little deeper on this very useful site.  It seems like there are three big categories that increased in the last 3 years or so:  welfare, offense, and healthcare, and all are about 1.4 or so percentages of GDP higher than recent trend.  Interestingly enough, the one category that went down slightly was interest on debt.

Here is the site I was using for my analysis, with the numbers I was looking at pre-selected:  http://www.usgovernmentspending.com/downchart_gs.php?year=1970_2011&view=1&expand=&units=p&log=linear&fy=fy12&chart=40-fed_30-fed_10-fed_90-fed_F0-fed&bar=1&stack=1&size=m&title=&state=US&color=c&local=s .

mongers

#874
July 31, 2011, 04:40:08 PM
Is America bust yet ?

How long do I have ?

Should I be getting in hundred weight bags of flour, sugar, potatoes. etc yet? :unsure:
"We have it in our power to begin the world over again"

crazy canuck

#875
July 31, 2011, 04:41:39 PM
Quote from: Admiral Yi on July 31, 2011, 03:29:01 PM
But it also defangs the counterargument to the accusers of Socialism that the US is already socialist.

Well what then is socialism in your eyes Yi.  I thought the word was pretty well understood but maybe in the US it has some special meaning.

Martinus

#876
July 31, 2011, 05:01:21 PM
America must be the only country in the world where socialist and liberal mean something similar.  :D

Admiral Yi

#877
July 31, 2011, 05:03:41 PM
Quote from: crazy canuck on July 31, 2011, 04:41:39 PM
Well what then is socialism in your eyes Yi.  I thought the word was pretty well understood but maybe in the US it has some special meaning.

I think most Americans would describe the typical European model of provision of government services as socialist.

Martinus

#878
July 31, 2011, 05:08:40 PM
Quote from: Admiral Yi on July 31, 2011, 05:03:41 PM
Quote from: crazy canuck on July 31, 2011, 04:41:39 PM
Well what then is socialism in your eyes Yi.  I thought the word was pretty well understood but maybe in the US it has some special meaning.

I think most Americans would describe the typical European model of provision of government services as socialist.

"Typical European"?

:D

Admiral Yi

#879
July 31, 2011, 05:12:52 PM
Quote from: Martinus on July 31, 2011, 05:08:40 PM
"Typical European"?

:D

Yes.  :)

DGuller: I took a look at your link.  It sure does seem to my naked eye that there's something else driving total expenditure than the things you highlighted.

Martinus

#880
July 31, 2011, 05:16:38 PM
I think a statement starting with "Most Americans would describe..." has little cognitive value, beyond allowing us to establish that most Americans are morons.

Don't be like most Americans, Yi. :)

Martinus

#881
July 31, 2011, 05:17:35 PM
Btw, can you describe what you consider the "typical European model of provision of government services"?

Admiral Yi

#882
July 31, 2011, 05:32:25 PM
Quote from: Martinus on July 31, 2011, 05:17:35 PM
Btw, can you describe what you consider the "typical European model of provision of government services"?

Yes.  :)

alfred russel

#883
July 31, 2011, 05:35:57 PM
The definition of socialist is a less precise than martinus allows. Is it radical to think that the ideologies of mitterand (or more recently jospin, royal, or that guy arrested with the maid) are close to obama? All those people are frequently described as socialists.
They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety.

There's a fine line between salvation and drinking poison in the jungle.

I'm embarrassed. I've been making the mistake of associating with you. It won't happen again. :)
-garbon, February 23, 2014

MadImmortalMan

#884
July 31, 2011, 05:41:27 PM
McCain is looking old as hell.
"Stability is destabilizing." --Hyman Minsky

"Complacency can be a self-denying prophecy."
"We have nothing to fear but lack of fear itself." --Larry Summers
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