DIYbanter - View Single Post - How Real Americans Can Compete with "Hard Workin" Day Labor

Brent P

In article . com, wrote:

strawmen arguments deleted

Again, do you think only YOU is smart enough to think about gettinf
repaid in the "future."
Bond buyers with PHD's, including ones working for foreight govts are
thinking about this every day and agreeing that 6% is a good price for
US long term debt today. If you're so smart, why don't you go short
Tbond futures tomorrow morning, when they open in Chicago. You can
make a fortune if you know half as much as you claim.

irrelevant.

Yes, much like my local govt. Or a family moving up from a 200K house
to a $400K one with a bigger mortgage. All bad according to you.

Strawman and apples to oranges.... people who move up in houses typically
are paying back principle and secure the loan with the property.

Yeah, more doomsday scenarios. Sort of like saying I shouldn't take
out a mortgage on my house, because someday it could be bought by
someone seeking to do me harm.

Strawman.

So you're one of those morons with maxed credit cards and/or mortgaged to
the brim?

No, never said that.

You don't practice what you preach then.

All I said was if you look just look at rising
debt, you will see it goes hand in hand with a growing economy and a
rising std of living. Go look at the per captia debt in Sudan and
compare it with that in France.

What creates a growing economy and rising standard of living is liberty,
not ever lasting and ever growing debt. Temporary debt is what growth
has, not the conditions that exist today. At some point the economy's
growth will not meet the borrowing needs of the federal government as the
liabilities come due.

The US government is always getting new credit cards to pay off the old
ones.

Now what happens when the housing market takes a dive? Opps... you're
screwed.

It's totally relevant and done all the time by everyone from economists
to politicla pundits. Only clowns like you would say it isn't
relevant, which just blows your credibiltiy.

Bank loan officer: So, what;s your current income, assets, and
networth?

You: Don;'t matter, I own 20K total, that's all you need to know
LOL LOL and LOL

Strawman.

Not up to my eyeballs, no. Nor would I advise anyone to do that. But
over the last several decades, who has come out ahead? Anyone who
bought a home with a large, but realistic mortgage, is way ahead.

Until the bubble bursts.

Oh my! The bubble! We are all doomed. If the huge stock market
crash of 2001, the recession, and the major terroist attack didn't sink
this economy, then what big bubble is gonnna.
I'm sorry, but now I am just laughing, cause you are such an ass.

An intelligent person secures himself against a potentional bad turn.
Obviously you're not one because you go on faith that everything will be
good forever.

No, again, if you look at how big the economy is today, and tax
revenues that support the ability to pay, the US govt is doing fine.

Doing fine? Only the interest is being paid on an ever increasing debt.
That is not _fine_.

It;s been fine since 1776.

Back then the US government actually paid principle back... The US
government hasn't paid any principle back now since the 1960s. Just moved
the debt from one credit card to another.

There is stuff left to forclose on. What happens once the infastructure
has all been 'leased' for 99 years to foreign corporations? What happens
when all the ports are 'leased' away? What happens when there is nothing
left? What happens when the population can't provide enough tax revenue
to meet the interest payments? You propose borrowing into infinity
because today things seem ok. They might not be ok later... In fact
borrowing into infinity insures that they won't be ok at some point. It's
already quite a balancing act to keep things going. When the juggler
misses a ball, what happens?

What happens when a big old meteor hits the earth?

Non-responsive.

nonsense snipped

You don't apparently know what happens to 'developing countries'. The
borrowing is designed to break them so that those lending the money can
come in and take the nation's resources and impose all sorts of
conditions on said nations. It's a nasty world we live in.

Oh yes, another big old conspiracy. Has anybody taken over Chile,
Argentian, Brazil, Sudan, etc lately? Maybe somebody should, but last
time I checked, nobody had.

Strawman. Nobody takes over the government. They take the wealth and
place conditions on the debtor nation.

When their debt and assets
are out of wack they have more and more trouble borrowing. You are again
playing with strawmen. Assigning a 'no debt' argument to me then knocking
it down. This is your continued nonsense. I grow tired of it.

And I grow tired of the word STRAWMAN in lack of anything cogent.

You keep using that technique, you can stop any time you want.

The problem is that the US federal government is borrowing into infinity
and not reducing principle, just adding to it. On top of this future
liabilities are huge. It's a set up for disaster. You say 'don't worry,
be happy, things are good now'. Corporate borrowing uses the good times
to pay off the loans from the bad times, not to borrow even more and dig
a deeper hole!

Oh, really? Go check the corporate debt of IBM, GM, GE and Boeing.
According to you, it should be zereo or lower than it was decades ago.
In fact, you will find it larger. Why BECAUSE they are succesful and
growing you moron.

Strawman.

I'm so sorry you find STRAWMEN everywhere.

That's because you keep using that 'technique'.

They must be like the
conspiracy at the FED to hide M# so everyone but you won't know we're
finished. Go to the kitchen and put a collander over your fool head
and wrap yourself in aluminum. That will protect you from the rays of
the conspiracy of truth trying to get through to your head.

And of course this childish insult routine. Now go play on the freeway.

*PLONK*