General Discussion

Tempest

(14,591 posts)

59. Not even close to a comparison

Tue Jan 1, 2013, 04:28 PM

Jan 2013

Firstly, our economy dwarfs all but China's.

Secondly is in the sheer amount of currency in circulation. We have China beat by a very large amount on that count.

And with China's government manipulating their currency, no foreign government (the largest purchasers of currency) is going to invest in a currency that a government controls with a heavy hand like China.

So again I ask, do you have any reasonable situations that would occur?

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

83 replies

= new reply since forum marked as read

Highlight:

So we toss out $600 billion of $4 trillion in Bush tax cuts... [View all] dkf Jan 2013 OP

Gee, why am I not surprised by your post? nt. OldDem2012 Jan 2013 #1

Reality check. People are living in fiscal lala land. dkf Jan 2013 #3

All our money is spent on WAR SHIT instead of HELPING AMERICANS SHIT. nt valerief Jan 2013 #6

Bingo. nt. OldDem2012 Jan 2013 #70

Conservative dkf agrees with many of our so-called progressives on this point alcibiades_mystery Jan 2013 #2

So how do you propose paying for everything? Sekhmets Daughter Jan 2013 #7

We could cut defense 50% easily Tempest Jan 2013 #15

Easily? C'mon. Sekhmets Daughter Jan 2013 #32

I never said there wouldn't be any pain Tempest Jan 2013 #37

You said easily... Sekhmets Daughter Jan 2013 #43

The military industrial complex AgingAmerican Jan 2013 #72

Sure, go ahead. Sekhmets Daughter Jan 2013 #75

The powers that be don't have the balls to do it AgingAmerican Jan 2013 #78

Everybody knows what is at the heart of the problem... Sekhmets Daughter Jan 2013 #80

I agree money has wrecked our political system AgingAmerican Jan 2013 #81

Yep Sekhmets Daughter Jan 2013 #83

With that money, create jobs that HELP Americans, not hurt the THE WORLD. valerief Jan 2013 #77

Never said it couldn't... Sekhmets Daughter Jan 2013 #79

Eh, my life at least was much better during the Clinton administration Fumesucker Jan 2013 #8

Not alone by far. R. Daneel Olivaw Jan 2013 #13

Well, you were younger after all... Sekhmets Daughter Jan 2013 #33

This is the traditional position of Democrats. dkf Jan 2013 #9

They are all workiing within the same Beltway Bubble.... JoeBlowToo Jan 2013 #4

A rare instance in which I agree with you. (For the most part.) Chan790 Jan 2013 #5

The reason Clinton rates are the optimal is because we saw an economy that worked. dkf Jan 2013 #11

It was a different time and a different economy NoOneMan Jan 2013 #52

You said it! Puzzledtraveller Jan 2013 #82

There much more to a working economy than tax rates bhikkhu Jan 2013 #56

Focusing on the tax rate is ignoring the biggest (by far) reason for the expansion in the 90's rufus dog Jan 2013 #65

It would have been $800 billion and ProSense Jan 2013 #10

Geez I was the one who kept on mentioning Obama already raised taxes on the top and was bashed. dkf Jan 2013 #12

You were bashed because it was a Republican talking point that you were parroting. And it was wrong. stevenleser Jan 2013 #24

Lol it was just posted by an avid Obama supporter dkf Jan 2013 #25

Thats right, a Republican talking point, and a tax that had not yet gone into effect. You were wrong stevenleser Jan 2013 #51

The difference is .001% of GDP Tempest Jan 2013 #14

I'm beginning to think the best deal is no deal. dkf Jan 2013 #16

No deal means another credit downgrade Tempest Jan 2013 #17

No it's the opposite. No deal fixes our problems instantly. dkf Jan 2013 #19

It didn't "cost us" anything PSPS Jan 2013 #20

It didn't cost us anything only to the uninformed Tempest Jan 2013 #26

Sorry, but that's a canard. PSPS Jan 2013 #54

Insurance costs are a canard? Tempest Jan 2013 #58

What did it cost? n/t Sekhmets Daughter Jan 2013 #34

See my response above your post. 25 points on the insurance cost. n/t Tempest Jan 2013 #40

Thank you.... Sekhmets Daughter Jan 2013 #44

The issuer of the debt pays the insurance costs Tempest Jan 2013 #47

So backwards of other types of insurance.... Sekhmets Daughter Jan 2013 #53

Not backwards, the same as. Tempest Jan 2013 #60

When you buy a house with a mortgage Sekhmets Daughter Jan 2013 #63

Tossing out all the tax cuts would have put the economy back into recession muriel_volestrangler Jan 2013 #18

CBO estimated it would last 6 months. dkf Jan 2013 #21

You see 'insolvency' as the result of this decision muriel_volestrangler Jan 2013 #30

Oh we are going to lose that title sooner or later. dkf Jan 2013 #31

But you're claiming this specific decision will end in the US government being insolvent muriel_volestrangler Jan 2013 #38

It won't be the reserve currency for much longer. Sekhmets Daughter Jan 2013 #35

It will always be used as the reserve currency. Tempest Jan 2013 #41

I don't think you can really say that with such certainty.... n/t Sekhmets Daughter Jan 2013 #46

Actually, I can. Tempest Jan 2013 #48

Yep, several.... Sekhmets Daughter Jan 2013 #55

Not even close to a comparison Tempest Jan 2013 #59

Yes, but China may overtake us as early as 2020... Sekhmets Daughter Jan 2013 #62

you really believe that? bowens43 Jan 2013 #22

Decrease most people's spending ability by 2%? Yes, that could cause a recession muriel_volestrangler Jan 2013 #29

Thats 20$ out of every thousand $ AgingAmerican Jan 2013 #74

Your touching concern for adherence to Democratic values wasn't there for Medicare, or SS or... stevenleser Jan 2013 #23

You're right, it's a terrible deal Chathamization Jan 2013 #27

There is no such thing as a permanent tax... Sekhmets Daughter Jan 2013 #36

Congress can Chathamization Jan 2013 #50

Perhaps... Sekhmets Daughter Jan 2013 #61

I don't disagree Chathamization Jan 2013 #67

We are on the same page, you and I. Sekhmets Daughter Jan 2013 #68

Thanks, you too! n/t Chathamization Jan 2013 #69

Not yet on the entire Clinton tax levels. Democrats_win Jan 2013 #28

The tax structure under Carter should be the final goal, not Clinton. Motown_Johnny Jan 2013 #39

Under the current economy, you are correct Tempest Jan 2013 #42

dkf worries Dems have lost their way to fiscal responsibility? Cali_Democrat Jan 2013 #45

Sure ya do. Rex Jan 2013 #49

You may get your wish if the House GOP rejects the Senate plan subterranean Jan 2013 #57

kick grahamhgreen Jan 2013 #64

You must have missed Obama saying he wanted to extend the tax cuts mzmolly Jan 2013 #66

The Bush tax cuts were a tragic mistake AgingAmerican Jan 2013 #71

Obama has been saying for years he supported tax cuts for those in mzmolly Jan 2013 #76

Inflation gto Jan 2013 #73