USA Increased Debt Limit - GoFuckYourself.com

Vendot · 12-17-2009, 05:29 AM

http://www.bloomberg.com/apps/news?p...3egIaUSs&pos=9

Theyve casually increased the amount of debt the government can have.....

Any guesses as to when people stop funding it?

kane · 12-17-2009, 05:34 AM

I have to admit I was actually surprised to hear there was a limit, but I guess there really isn't if they can just casually raise it whenever they want.

Iron Fist · 12-17-2009, 05:39 AM

Man that would be so cool... to have a credit card that I can just keep raising the limit on and not have to pay it back.... like EVER!

hjnet · 12-17-2009, 05:43 AM

Quote:

Originally Posted by sharphead

Man that would be so cool... to have a credit card that I can just keep raising the limit on and not have to pay it back.... like EVER!

In fact, it's like your children or grandchildren would have to pay it back. But that's not bad either

12clicks · 12-17-2009, 07:57 AM

kinda funny that Bush sux0r for $1 trillion but obama is great for $12 trillion.

Slappin Fish · 12-17-2009, 08:11 AM

Quote:

Originally Posted by 12clicks

kinda funny that Bush sux0r for $1 trillion but obama is great for $12 trillion.

Funny how this global financial crisis was brought on by years of unregulated derivative markets yet you blame Obama for being left with the tab.

IllTestYourGirls · 12-17-2009, 08:14 AM

Quote:

Originally Posted by Slappin Fish

Funny how this global financial crisis was brought on by years of unregulated derivative markets yet you blame Obama for being left with the tab.

Funny how even the heaviest regulated countries still got fucked.

Slappin Fish · 12-17-2009, 08:26 AM

Quote:

Originally Posted by IllTestYourGirls

Funny how even the heaviest regulated countries still got fucked.

Domino effect.

Even the hardest capitalist that looks into how subprimes were packaged and sold will admit it was a cluster fuck.

Free market = unegulated prices not free for all unregulation.

In fact Capitalism requires regulation if only to protect property rights and ensure prices are dictated solely by supply and demand.

The Demon · 12-17-2009, 08:26 AM

Quote:

Originally Posted by Vendot

http://www.bloomberg.com/apps/news?p...3egIaUSs&pos=9

Theyve casually increased the amount of debt the government can have.....

Any guesses as to when people stop funding it?

When the foreign countries decide to stop using the US dollar, when the treasury securities come flooding back en masse, and when we have hyperinflation.

Thank Obama, Bernanke, and the Dem's keynesian politics.

The Demon · 12-17-2009, 08:27 AM

Quote:

Originally Posted by Slappin Fish

Funny how this global financial crisis was brought on by years of unregulated derivative markets yet you blame Obama for being left with the tab.

Because Obama's policies have increased the debt to epic proportions, already making Bush's spending look minimal. Because Obama has no clue about economics and what causes economic success. Because if Obama succeeded, you'd think he was God and if he failed, you'd blame it on Bush with your double standards.

IllTestYourGirls · 12-17-2009, 08:30 AM

Quote:

Originally Posted by Slappin Fish

Domino effect.

Even the hardest capitalist that looks into how subprimes were packaged and sold will admit it was a cluster fuck.

Free market = unegulated prices not free for all unregulation.

In fact Capitalism requires regulation if only to protect property rights and ensure prices are dictated solely by supply and demand.

Yes there are regulations in the free market. You are not allowed to commit crimes. However subprime mortgage crisis was created by regulations.

Slappin Fish · 12-17-2009, 08:36 AM

Quote:

Originally Posted by The Demon

Because if Obama succeeded, you'd think he was God and if he failed, you'd blame it on Bush with your double standards.

My double standards..

Who knows if he will succeed or not, and who knows if Bush or Mccain would have done better, I don't have a fuckin crystal ball, what I am saying is comparing Bush's spending with Obama's spending is retarded, it is a whole different world and a complete different set of circumstances.

Slappin Fish · 12-17-2009, 08:51 AM

Quote:

Originally Posted by IllTestYourGirls

Yes there are regulations in the free market. You are not allowed to commit crimes. However subprime mortgage crisis was created by regulations.

You are not allowed to commit crimes

Committing a crime means breaking a rule, what is a rule if not a regulation?

I also suggest you brush up on your Capitalism the conerstones of Capitalism are strong property rights, supply and demand dictated prices and open competition. These principles need to be respected to ensure free markets function properly.

12-17-2009, 05:29 AM	#1
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	USA Increased Debt Limit http://www.bloomberg.com/apps/news?p...3egIaUSs&pos=9 Theyve casually increased the amount of debt the government can have..... Any guesses as to when people stop funding it?

12-17-2009, 05:39 AM	#3
Iron Fist Too lazy to set a custom title Join Date: Dec 2006 Posts: 23,400	Man that would be so cool... to have a credit card that I can just keep raising the limit on and not have to pay it back.... like EVER! __________________ i like waffles

12-17-2009, 07:57 AM	#5
12clicks Too lazy to set a custom title Industry Role: Join Date: Jan 2001 Location: God's right hand Posts: 19,780	kinda funny that Bush sux0r for $1 trillion but obama is great for $12 trillion. __________________ I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

12-17-2009, 05:34 AM	#2
kane Too lazy to set a custom title Join Date: Aug 2001 Location: portland, OR Posts: 20,684	I have to admit I was actually surprised to hear there was a limit, but I guess there really isn't if they can just casually raise it whenever they want.