2011-05-10, 14:29 | Link #13602 | |
Aria Company
Join Date: Nov 2003
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2011-05-10, 15:55 | Link #13604 |
Gamilas Falls
Join Date: Feb 2008
Location: Republic of California
Age: 46
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Ten years would be about right. Then if it succeeds or fails it can be pinned on whoever is the President just coming into office in 2021, or as the main platform of the 2020 election.
of course...one wonders about the zero curse on US Presidents (the one where every Presidetn elected in a year ending in year will die in office). Reagan supposedly broke it at the cost of his mind (deal with the Native American nation that reportedly put that curse on in the first place), and Bush survived his presidency, but we got hit by 9/11. What's up for Mr. President elected in 2020?
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2011-05-10, 16:41 | Link #13605 | |
Not Enough Sleep
Join Date: Nov 2003
Location: R'lyeh
Age: 48
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2011-05-10, 16:58 | Link #13607 |
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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That 2T is to maintain their status as the world largest economy. The problem is that, the assets backing the USD are so lean and questionable that nobody dares to use it as transaction, so no amount of "quantitative easing" or "stimulus" is going to help - they have already broken the trust of investors.
In Macroeconomic terms, it is called liquidity trap. Though I don't know how something can be liquid when the pieces of paper issued it driven by the demand for more of it, and most of those who demand it seem to contribute less than what it is worth - resulting in its constant dilution of actual worth through the ages. If bartering isn't that tedious and time-consuming, I would have totally be for screwing the USD or any other currency in favour of that.
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2011-05-10, 17:58 | Link #13608 | ||
Aria Company
Join Date: Nov 2003
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Also that 2 trillion increase to the debt cap would be unnecessary if they'd just raise taxes. It's impossible to get a balanced budget without doing so, and US federal taxes are at the lowest level since the WWII.
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2011-05-11, 01:39 | Link #13609 | ||
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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And guess what, those guys at Wall Street, despite their questionable work ethics, are right : Exclusive: Wall Street says cuts alone won't fix budget Quote:
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2011-05-11, 01:50 | Link #13610 | |
Bittersweet Distractor
Join Date: Nov 2007
Age: 32
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2011-05-11, 01:54 | Link #13611 | |
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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Wait never mind. In US sometimes those two things are not mutually exclusive, considering WHERE those monies go to anyway. *sarcastic*
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2011-05-11, 03:00 | Link #13613 |
books-eater youkai
Join Date: Dec 2007
Location: Betweem wisdom and insanity
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China eases trade rules, allows U.S. fund sales
http://www.reuters.com/article/2011/...7480DO20110511
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2011-05-11, 03:13 | Link #13614 | |
Disabled By Request
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2011-05-11, 07:46 | Link #13616 | |
廉頗
Join Date: Feb 2004
Location: Massachusetts
Age: 34
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2011-05-11, 16:26 | Link #13620 |
Senior Member
Join Date: Sep 2010
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community activists are at it again.....
forcing businesses to into risky, money-losing ventures http://www.businessweek.com/magazine...8031594062.htm |
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current affairs, discussion, international |
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