Page 1 of 2 12 LastLast
Results 1 to 15 of 18
Like Tree1Likes

Thread: Americans Please Answer This

  1. #1
    where de crix Oneshot's Avatar Oneshot is offline
    Join Date
    Apr 2003
    Location
    Brick City, NJ
    Posts
    24,667
    Credits
    40,139,677

    Americans Please Answer This

    Why Should The Debt Limit Be Increased?

    If Caribbean countries had such a policy I doubt any of us would encourage our own governments to increase the debt load.

  2. #2
    Registered User Lucianite is offline
    Join Date
    Jul 2006
    Location
    Somewhere
    Posts
    7,579
    Credits
    82,398,092
    I don't know it sound like something a real economist is better equipped to answer.
    Or at least have some facts

    What are some of facts around this topic .

    Micro and macro economics differ .
    But on an individual level you should limit your debt so why not for a country

    PLUS DON'T WE have some countries or examples of debt getting them trouble


    What are the alternatives ?

  3. #3
    Dragon Singh IslandmixUSA's Avatar IslandmixUSA is offline
    Join Date
    Jan 1998
    Location
    South Beach
    Posts
    17,884
    Credits
    2,466,130,003,239,999,894,719,398,969,643,979,951,637,561,03 2,240,627,990,921,216
    It should not be raised; 6yrs ago our current Prime Minster said it was unpatriotic to raise the debt ceiling, now he wants congress to do it. The federal government should live within their means just like to American public. You lift the limit by two trillion and six months to ah year later we need ah next two trillion. When will it end?

  4. #4
    Registered User dedetriniking's Avatar dedetriniking is offline
    Join Date
    Feb 2006
    Location
    New York
    Posts
    19,928
    Credits
    48,746,214
    Quote Originally Posted by Dragon View Post
    It should not be raised; 6yrs ago our current Prime Minster said it was unpatriotic to raise the debt ceiling, now he wants congress to do it. The federal government should live within their means just like to American public. You lift the limit by two trillion and six months to ah year later we need ah next two trillion. When will it end?
    probably not the best way to run the finances of any organization....but its been done this way forever so stop it now when it is clear that it will plunge the economy into the abyss. Give the economy a few years to get on a strong footing and then make changes in this process.

    Btw Dragon yuh not back in tnt yuh know...aint no Prime Minister in big bad USA bwoy....but yuh know that ahready.
    .
    I hath 9 and 90 tribulations and nary a one doth concern a wench!

  5. #5
    Registered User Steupz's Avatar Steupz is offline
    Join Date
    Apr 2009
    Location
    Trinidad
    Posts
    10,883
    Credits
    1,226,784
    Quote Originally Posted by Oneshot View Post
    Why Should The Debt Limit Be Increased?

    If Caribbean countries had such a policy I doubt any of us would encourage our own governments to increase the debt load.
    That's normal in the Caribbean... what's weird is the blame Democrats attach to Republicans for being fundamentally opposed to it.
    Under Obama, the US has become increasingly Third World in its thinking.

  6. #6
    Registered Member VINCYPOWA's Avatar VINCYPOWA is offline
    Join Date
    Apr 2004
    Location
    ISLANDMIX DOT COM
    Posts
    89,615
    Credits
    46,994,995
    Quote Originally Posted by Steupz View Post
    That's normal in the Caribbean... what's weird is the blame Democrats attach to Republicans for being fundamentally opposed to it.
    Under Obama, the US has become increasingly Third World in its thinking.
    Expound.

  7. #7
    Registered User Steupz's Avatar Steupz is offline
    Join Date
    Apr 2009
    Location
    Trinidad
    Posts
    10,883
    Credits
    1,226,784
    Quote Originally Posted by VINCYPOWA View Post
    Expound.
    There are things notably Third World in politics:

    1) Blaming the opposition party for not supporting legislation that's supposedly the panacea.
    2) Blaming your own failings on the previous administration's poor term in office
    3) One term isn't enough to do what I promised
    4) Last year in a term gift giving policies
    5) Hiring the same failed people over and over
    6) Ivy League politics or Doctor politics as they say in the Caribbean - believing strong academic qualifications qualifies you to solve problems.
    7) A belief that you can spend your way out of every issue
    8) A dependence on short term low paying jobs to pretty up stats.
    9) Demonising the opposition with emotion tugging nonsense (they are going to take away your right to an abortion or they hate gays and foreigners)

  8. #8
    Registered User SKBai1991's Avatar SKBai1991 is offline
    Join Date
    Apr 2010
    Location
    New York
    Posts
    5,780
    Credits
    11,357,279
    Quote Originally Posted by Steupz View Post
    There are things notably Third World in politics:

    1) Blaming the opposition party for not supporting legislation that's supposedly the panacea.
    2) Blaming your own failings on the previous administration's poor term in office
    3) One term isn't enough to do what I promised
    4) Last year in a term gift giving policies
    5) Hiring the same failed people over and over
    6) Ivy League politics or Doctor politics as they say in the Caribbean - believing strong academic qualifications qualifies you to solve problems.
    7) A belief that you can spend your way out of every issue
    8) A dependence on short term low paying jobs to pretty up stats.
    9) Demonising the opposition with emotion tugging nonsense (they are going to take away your right to an abortion or they hate gays and foreigners)
    I wouldn't say these practices are limited to third world...but you have a valid point
    "sa ki ta'w sé ta'w, la rivié pé pa chayé'l "


    Father, before mi mind get bad
    Betta yuh flip it round and mek mi mind get mad
    Mi prefer fi work hard everyday fi achieve mi goals
    Nah grudge nobody fi dem own

  9. #9
    Registered User dedetriniking's Avatar dedetriniking is offline
    Join Date
    Feb 2006
    Location
    New York
    Posts
    19,928
    Credits
    48,746,214
    Nice! Its funny how with a minority president how easily the connection is made to third world eh.

    Quote Originally Posted by Steupz View Post
    There are things notably Third World in politics:

    1) Blaming the opposition party for not supporting legislation that's supposedly the panacea.

    In my lifetime in the US I have never seen the opposition as venomous. Much of this kind of opposition politics...the vileness of it is new.

    2) Blaming your own failings on the previous administration's poor term in office

    Yuh mean telling the truth of the devastation visited upon the economy. I just saw reagan on TV today waxing poetic about the wrecked economy that he inherited. Its called reality.

    3) One term isn't enough to do what I promised

    R u kidding me? Every President who has runned for a second term better make it a point to tell the people that his job is unfinished else why would he run for a second term?


    4) Last year in a term gift giving policies

    You mean cell phones and welfare right. Nonesense!

    5) Hiring the same failed people over and over

    Par for the course. All you have to do is look at previous administration.

    6) Ivy League politics or Doctor politics as they say in the Caribbean - believing strong academic qualifications qualifies you to solve problems.

    You mean Bush and Clinton didn't go to Ivy league colleges?

    7) A belief that you can spend your way out of every issue

    Patently false. Most people know you can't spend your way out of every issue.

    8) A dependence on short term low paying jobs to pretty up stats.

    [B]Who is in favor of this again?[/B]

    9) Demonising the opposition with emotion tugging nonsense (they are going to take away your right to an abortion or they hate gays and foreigners)

    Dude you need to go back to some of Republican strategies going as far back as reagan with tv commercials insinuating the the democrats with let out these scary black criminals to over-run white neighborhoods all the way to today with the right wing chorus of "obama looking to take away your guns"!

    Seems like business as usual to me.
    I hath 9 and 90 tribulations and nary a one doth concern a wench!

  10. #10
    Registered User Steupz's Avatar Steupz is offline
    Join Date
    Apr 2009
    Location
    Trinidad
    Posts
    10,883
    Credits
    1,226,784
    Quote Originally Posted by SKBai1991 View Post
    I wouldn't say these practices are limited to third world...but you have a valid point
    Certainly, but the problem is that in the Third World, because the economy is so Government dependent, it encourages the politicians to think small. The US, because power is much more devolved, is, I think, supposed to have Presidents who think big.

    Presidents in the US are supposed to campaign on vision and philosophy with a substrata of detail on how they propose to roll out their vision/philosophy. Obama had that... reinvigorating the youth, a softening of the hawkish image abroad, offering incentives to trade partners the US once blacklisted, paying down the deficits, balanced budgets, reducing the military, and a more welcoming society that is represented by all types.

    That's broad, that's vision, that's philosophy.

    Today it's Republicans and rich people are keeping us back.

  11. #11
    where de crix Oneshot's Avatar Oneshot is offline
    Join Date
    Apr 2003
    Location
    Brick City, NJ
    Posts
    24,667
    Credits
    40,139,677
    Quote Originally Posted by Steupz View Post
    That's normal in the Caribbean... what's weird is the blame Democrats attach to Republicans for being fundamentally opposed to it.
    Under Obama, the US has become increasingly Third World in its thinking.
    I see where you are coming from. But that's not the direction I was heading.

    If any Caribbean government were faced with a similar predicament the tax the rich language would not work. Because everyone understands that when VAT is increased or a tax is placed is on cable tax. That tax goes towards a flashy new vehicle for a politician, a fete showcasing some international star, or some grand idea that has very little benefit for the average man.

    But somehow once we migrate to the another climate, USA or UK. We attach ourselves to a mantra, that we would not kind to in the Caribbean.

  12. #12
    where de crix Oneshot's Avatar Oneshot is offline
    Join Date
    Apr 2003
    Location
    Brick City, NJ
    Posts
    24,667
    Credits
    40,139,677
    Quote Originally Posted by Steupz View Post
    There are things notably Third World in politics:

    1) Blaming the opposition party for not supporting legislation that's supposedly the panacea.
    2) Blaming your own failings on the previous administration's poor term in office
    3) One term isn't enough to do what I promised
    4) Last year in a term gift giving policies
    5) Hiring the same failed people over and over
    6) Ivy League politics or Doctor politics as they say in the Caribbean - believing strong academic qualifications qualifies you to solve problems.
    7) A belief that you can spend your way out of every issue
    8) A dependence on short term low paying jobs to pretty up stats.
    9) Demonising the opposition with emotion tugging nonsense (they are going to take away your right to an abortion or they hate gays and foreigners)
    Also add not being critical of your own party.

  13. #13
    Dragon Singh IslandmixUSA's Avatar IslandmixUSA is offline
    Join Date
    Jan 1998
    Location
    South Beach
    Posts
    17,884
    Credits
    2,466,130,003,239,999,894,719,398,969,643,979,951,637,561,03 2,240,627,990,921,216
    I am glad someone see how Obama is making the public dependent on the government. Soon Prime Minister Obama will be giving out Ten Days to help the poor or unemployed .


    Oh wait my bad he has been giving people unemployment money for the last 4yrs

  14. #14
    Registered Member VINCYPOWA's Avatar VINCYPOWA is offline
    Join Date
    Apr 2004
    Location
    ISLANDMIX DOT COM
    Posts
    89,615
    Credits
    46,994,995
    Quote Originally Posted by Dragon View Post
    I am glad someone see how Obama is making the public dependent on the government. Soon Prime Minister Obama will be giving out Ten Days to help the poor or unemployed .


    Oh wait my bad he has been giving people unemployment money for the last 4yrs
    Yeah, WE SAW how PRESIDENT OBAMA and his GOVERNMENT SAVE CAPITALISM.

    I am sure WALL ST is GRATEFUL for the GOVERNMENT to SAVE its GREEDY ASS.

    YUHHHHHHH SEEEEEEEEEE MEEEEEEEEEEEEEEEE
    mz_JazE likes this.

  15. #15
    Registered Member VINCYPOWA's Avatar VINCYPOWA is offline
    Join Date
    Apr 2004
    Location
    ISLANDMIX DOT COM
    Posts
    89,615
    Credits
    46,994,995
    Quote Originally Posted by Steupz View Post
    There are things notably Third World in politics:

    1) Blaming the opposition party for not supporting legislation that's supposedly the panacea.
    2) Blaming your own failings on the previous administration's poor term in office
    3) One term isn't enough to do what I promised
    4) Last year in a term gift giving policies
    5) Hiring the same failed people over and over
    6) Ivy League politics or Doctor politics as they say in the Caribbean - believing strong academic qualifications qualifies you to solve problems.
    7) A belief that you can spend your way out of every issue
    8) A dependence on short term low paying jobs to pretty up stats.
    9) Demonising the opposition with emotion tugging nonsense (they are going to take away your right to an abortion or they hate gays and foreigners)
    There is NOTHING THIRD WORLD about ANYTHING that you have STATED, because the SYSTEM of GOVERNMENT in the USA simply doesn't PERMIT it.

Page 1 of 2 12 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •