Danger looms

[m>s]

http://www.cnbc.com/id/101062461

[101A]

No. It's not a problem.

Nobel Prize Winning Economist Paul Krugman says so.

Nothing to see here.

[boutons_deux]

"And if Americans find out that the lion's share of their income tax payments are going to service the debt, prepare for a new American revolution."

since when did the sheeple give a shit?

CNBC of course doesn't point out what drives the deficit: Repugs wars, corporate tax evasion, 1% tax evasion, Repug tax cuts, predatory/greedy for-profit health care (Medicare, Medicaid).

But of course, fucktards like m>s and similar right wing trash fall for the rabble rousing every damn time.

[m>s]

Rabble rousing? Whatever the root cause is and we can disagree on that all day, in the end regardless were in deep shit.

[boutons_deux]

Rabble rousing? Whatever the root cause is and we can disagree on that all day, in the end regardless were in deep shit.

attack the causes and fix the problem, duh.

[angrydude]

I think we should tax corporations and rich people 100%. Take all their money. Then take all the money in their bank accounts. The deficit will go away!

I'm confidant these businesses will then expand and the economy will improve!

[Th'Pusher]

I think we should tax corporations and rich people 100%. Take all their money. Then take all the money in their bank accounts. The deficit will go away!

I'm confidant these businesses will then expand and the economy will improve!
Wow. That's a dumb idea.

[Nbadan]

What exactly is going to make interest rates rise to 5.7%?

[Nbadan]

If we were to pay an average interest rate on our debt of 5.7 percent, rather than the 2.4 percent we pay today, in 2020 our debt service cost will be about $930 billion.

Now compare that to the amount the Internal Revenue Service collects from us in personal income taxes.

In 2012, that amount was $1.1 trillion, meaning that if interest rates went back to a more normal level of, say, 5.7 percent, 85 percent of all personal income taxes collected would go to servicing the debt. No wonder the Fed is worried.

By 2020 our debt will rise but our income from taxes won't....idiots....

Maybe our income taxes rise by $600 billion dollars....

[TSA]

Wow. That's a dumb idea.

Please tell me you're joking.

[Th'Pusher]

Please tell me you're joking.
TSA on the record thinking angrydude posted a good idea upstream. :tu

[TSA]

TSA on the record thinking angrydude posted a good idea upstream. :tu

Th'Pusher on record completely whiffing on the most blatant sarcasm by angrydude. :tu Dense fucking idiot.

[TSA]

I know some things are lost in type, but fuck man, how stupid can you be?

[Th'Pusher]

I know some things are lost in type, but fuck man, how stupid can you be?

TSA whiffing not only on my sarcastic response to angrydude, but doubling down and whiffing on my sarcastic response to him too. Keep up the stellar work :tu.

[FuzzyLumpkins]

http://www.cnbc.com/id/101062461

Keep on talking up fascist, white power, revolution nonsense on one of the more popular sports forums on the net.

[TSA]

TSA whiffing not only on my sarcastic response to angrydude, but doubling down and whiffing on my sarcastic response to him too. Keep up the stellar work :tu.

I figured this would be your out.

[Th'Pusher]

I figured this would be your out.

So you think that I thought his proposal to tax businesses and the rich at 100%? Ok.

[m>s]

Keep on talking up fascist, white power, revolution nonsense on one of the more popular sports forums on the net.

this isn't north fucking Korea, you really think I give a shit? For the first time in over 70 years, the national socialist underground rises out of the shadows and back into the mainstream. I plant seeds for my aryan brothers who may be reading my posts, heil!!

[TSA]

So you think that I thought his proposal to tax businesses and the rich at 100%? Ok.

Obviously not.


Wow. That's a dumb idea

I've said sarcasm is tough to gauge online, but I still fail to see how the above response is sarcastic.

[FuzzyLumpkins]

this isn't north fucking Korea, you really think I give a shit? For the first time in over 70 years, the national socialist underground rises out of the shadows and back into the mainstream. I plant seeds for my aryan brothers who may be reading my posts, heil!!

I know its not north korea but at the same time considering the times that we live in and what not with surveillance being what it is, you are being very foolish even if you are trolling. Especially if you are trolling. Your anonymity doesn't hide you so well in certain quarters.

Just seems pretty stupid to me.

[boutons_deux]

"the national socialist underground rises out of the shadows and back into the mainstream"

:lol boobie, m>s, and other racists gonna get a home (and another Ruby Ridge, Koresh/Wacko denouement, and like Warren Jeffs sickos, lots of fucking the kids)

http://www.reuters.com/article/2013/09/22/us-usa-northdakota-supremacists-idUSBRE98L06R20130922

[101A]

What exactly is going to make interest rates rise to 5.7%?

Inflation (unless this is a new real, and the quantity of money, and it's easy availability, now has a static effect on prices indefinitely)

[boutons_deux]

Interest rates are set by the Fed, see Volcker in 1980s.

Then of course we have the criminals running the massive bank fraud known as LIBOR also FIXING the basis rate for the planet.

[m>s]

They don't set them they influence them. Can't keep them this low indefinitely.

[boutons_deux]

They don't set them they influence them. Can't keep them this low indefinitely.

The Fed sets the interest rate, perverted by LIBOR, but does set NOT the inflation rate.

[m>s]

With inflation at 12% you really think banks are going to continue to loan at 2%? Get real. They influence them the fed isn't in full control, they're playing with fire.

[boutons_deux]

With inflation at 12% you really think banks are going to continue to loan at 2%? Get real. They influence them the fed isn't in full control, they're playing with fire.

The Fed was created by bankers FOR bankers. Note how the Fed is bailing out the bankers and others while doing fuck all for their other mandate of maintaining full employment.

[angrydude]

I guess everyone missed the sarcasm.

[Th'Pusher]

I've said sarcasm is tough to gauge online, but I still fail to see how the above response is sarcastic.

Reverse sarcasm. Look it up.

[Th'Pusher]

I guess everyone missed the sarcasm.
No we all got it. It was was just such a stupid strawman it deserved some reverse sarcasm.

[m>s]

Reverse sarcasm. Look it up.
The classic backpeddle

[Nbadan]

Inflation (unless this is a new real, and the quantity of money, and it's easy availability, now has a static effect on prices indefinitely)

its not quantitive easing that has a static effect on inflation...it's the drop in real wages by hard working Americans....

[johnsmith]

its not quantitive easing that has a static effect on inflation...it's the drop in real wages by hard working Americans....

YouTube told you that...reply bitch.