AnimeGalleries [dot] NetAnimeWallpapers [dot] ComAnimeLyrics [dot] ComAnimePedia [dot] ComAnimeGlobe [dot] Com

User Tag List

+ Reply to Thread
Page 1 of 4 1 2 3 4 LastLast
Results 1 to 25 of 91

Thread: US Debt Disaster

  1. #1
    Awaken Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1's Avatar
    Gil
    1,521,640.89
    Gender
    My Mood
    Fine
    Gifts Mario 1-Up Mushroom Aria Neko Mario Piranha Plant
    Mentioned
    46 Post(s)
    Tagged
    0 Thread(s)
    Latest Post
    10-15-2011 10:49 PM
    User Info Thanks / Tagging Info Gifts / Achievements / Awards vBActivity Stats
    Join Date
    Sep 2006
    Location
    Tucson, Arizona
    Age
    23
    Threads
    303
    Posts
    3,410
    Blog Entries
    123
    Rep Power
    5632

    Default US Debt Disaster

    so... yup. can't believe nobody made a thread about this yet.

    (note, there's about a billion different articles on this thing, so I'll just summarize myself the key points)

    like 2 days left until the US is unable to pay it's obligations and we risk default. Worse, yet, even if a deal is reached in time, the chances that credit rating agencies will downgrade the US's AAA credit status is pretty much inevitable at this point.

    Nothing's been done of any real progress at this point, the republican party is close to imploding (even senator McCain made a remake "the Tea Party hobbits need to go back to middle earth). The bill that barely passed the house with the majority votes of the republicans is going to be set to the side by a table measure by the senate meaning they're not even going to vote on it; the House is planning on doing the same with the Reid bill.

    The tea party advocates who were elected on the basis that they won't raise the debt ceiling or increase government revenues (which even letting the bush tax cuts expire is seen as that) or they risk losing their jobs- brilliant.

    At this point the only way that the debt ceiling can be raised in time is if Obama risks impeachment and evokes a section of the 14th amendment that allows him to prioritize the national debt as paramount to all else, and use an executive order to bypass congress and raise it himself.

    The Dow has fallen about 400 points in the past week, the Treasury and States are preparing to decide which bills will be paid out come the 2nd, and who will the get the short end of this stick.

    Now the only thing we can really do, is just sit back and watch events unfold in the next 2-3 days.

    ^by Hakuchuumu^

    ^Xey Oiz^

    The Brighter the Light the Darker the Shadow

  2. #2
    4: [Classified brah] Eris has a reputation beyond repute Eris has a reputation beyond repute Eris has a reputation beyond repute Eris has a reputation beyond repute Eris has a reputation beyond repute Eris has a reputation beyond repute Eris has a reputation beyond repute Eris has a reputation beyond repute Eris has a reputation beyond repute Eris has a reputation beyond repute Eris has a reputation beyond repute Eris's Avatar
    Gil
    101,370.91
    Gender
    Gifts Tuxedo Mask Rose Mario Question Block Pen
    Mentioned
    298 Post(s)
    Tagged
    0 Thread(s)
    Latest Post
    12-18-2014 11:58 AM
    User Info Thanks / Tagging Info Gifts / Achievements / Awards vBActivity Stats
    Join Date
    Aug 2001
    Location
    Tau Ceti V
    Age
    27
    Threads
    616
    Posts
    19,667
    Blog Entries
    619
    Rep Power
    14704

    Default Re: US Debt Disaster

    Quote Originally Posted by Ericgamer1 View Post
    [S]enator McCain made a remake "the Tea Party hobbits need to go back to middle earth["]
    Hahahahaha. Sorry. I know this is a serious matter. But. Hahahahhahahahahahaha. My respect for him just increased by a lot.

  3. #3
    ☆*:.。. UGUU .。.:*☆ nrL has a reputation beyond repute nrL has a reputation beyond repute nrL has a reputation beyond repute nrL has a reputation beyond repute nrL has a reputation beyond repute nrL has a reputation beyond repute nrL has a reputation beyond repute nrL has a reputation beyond repute nrL has a reputation beyond repute nrL has a reputation beyond repute nrL has a reputation beyond repute nrL's Avatar
    Gil
    17,340.39
    Gender
    My Mood
    Yeehaw
    Gifts Chibi Crisis Moon Compact 039 - Jigglypuff Neko Tv
    Mentioned
    39 Post(s)
    Tagged
    0 Thread(s)
    Latest Post
    11-14-2013 02:50 PM
    User Info Thanks / Tagging Info Gifts / Achievements / Awards vBActivity Stats
    Join Date
    May 2011
    Threads
    11
    Posts
    1,055
    Rep Power
    381

    Default Re: US Debt Disaster

    Good, good. The US will fall...and the fat, idiot americans will no longer be able to keep going how powerful and awesome their pathetic nation is.

    No longer will they have any excuse to treat the USA as a centre of the universe nor consider themselves better then Europe, China, Japan, Russia or any other great nation/culture they previously despised and labelled as inferior.
    Last edited by nrL; 07-30-2011 at 12:42 PM.

  4. #4
    Awaken Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1's Avatar
    Gil
    1,521,640.89
    Gender
    My Mood
    Fine
    Gifts Mario 1-Up Mushroom Aria Neko Mario Piranha Plant
    Mentioned
    46 Post(s)
    Tagged
    0 Thread(s)
    Latest Post
    10-15-2011 10:49 PM
    User Info Thanks / Tagging Info Gifts / Achievements / Awards vBActivity Stats
    Join Date
    Sep 2006
    Location
    Tucson, Arizona
    Age
    23
    Threads
    303
    Posts
    3,410
    Blog Entries
    123
    Rep Power
    5632

    Default Re: US Debt Disaster

    Quote Originally Posted by nathanromml View Post
    Good, good. The US will fall...and the fat, idiot americans will no longer be able to keep going how powerful and awesome their pathetic nation is.

    No longer will they have any excuse to treat the USA as a centre of the universe nor consider themselves better then Europe, China, Japan, Russia or any other great nation/culture they previously despised and labelled as inferior.
    hey now, don't paint all of us with the same brush.

    I've been saying for years now that the US is far behind the rest of the 1st world nations in just about all ways.


    Edit: here's one article that sticks out pretty good though from Fareed Zakaria

    The Damage is already done!
    I know you have all heard so much about the debt ceiling that you're probably exhausted. But I think it's important to point out a few facts because this matter has been so clouded by rhetoric.

    Did you know that there is only one other country in the world that even has a debt ceiling? That's Denmark, a strange anomaly, and its debt ceiling is deliberately kept very high so that it will never need to be raised.

    Why does no one else have a debt ceiling?

    Because when a legislature votes to authorize spending at a certain level but authorizes tax revenues at a lower level, it is assumed that the government will have to borrow the difference.

    The vote to have higher expenditures than tax revenues is - in effect - a vote to borrow money to cover the difference.

    And in the United States, Congress - including Republicans - voted for a budget in which expenditures exceeded tax revenues.

    The logical consequence of that budget - again, passed by Republicans and Democrats, is that the government has to make up the difference by borrowing.

    To come at it now after the budget has been passed is like getting your Visa bill and calling up the company to say, "Actually we don't want to buy all that stuff we bought."

    That's not how it works. First you pay the bill, then you can change your spending habits.

    So why do we have a debt ceiling?

    Ironically, it was put in place during World War I so that Congress didn't have to authorize every new issue of debt. It was assumed that it would be a formality to raise it. Since 1960, the debt ceiling has been raised 78 times.

    My basic point is that this is a crisis that we have manufactured out of whole cloth. We have created a circumstance in which the world doubts our credibility, rating agencies are thinking of downgrading our debt and the dollar's role as the world's reserve currency could be jeopardized.

    Please understand that none of these things are happening because the United States is running deficits. There was no indication - by any metric - that the United States was having difficulty borrowing money one month ago. In fact, the world has been lending money to the United States more cheaply than ever before.


    We face downgrades and investor panic not because of our deficits but because we are behaving like deadbeats, refusing to pay our bills, pouting while the bill collector waits at the door.

    We do have a large deficit and debt and we do need to get it under control. That the Tea Party has raised awareness about this is admirable. And I agree with their view that the current set of entitlements - Medicare especially - have to be reformed dramatically to get our fiscal house in order. But that is not an excuse to endanger the good standing of the United States.

    First you pay the bills and then you figure out how to change your spending habits.

    The tragedy here is that the damage may already have been done.

    From now on, every time the debt ceiling needs to be raised, the world will wonder: Will the U.S. stand by its promises or will it break them?
    article: http://globalpublicsquare.blogs.cnn....-already-done/
    Last edited by Ericgamer1; 07-30-2011 at 01:04 PM.

    ^by Hakuchuumu^

    ^Xey Oiz^

    The Brighter the Light the Darker the Shadow

  5. #5
    4: [Classified brah] Eris has a reputation beyond repute Eris has a reputation beyond repute Eris has a reputation beyond repute Eris has a reputation beyond repute Eris has a reputation beyond repute Eris has a reputation beyond repute Eris has a reputation beyond repute Eris has a reputation beyond repute Eris has a reputation beyond repute Eris has a reputation beyond repute Eris has a reputation beyond repute Eris's Avatar
    Gil
    101,370.91
    Gender
    Gifts Tuxedo Mask Rose Mario Question Block Pen
    Mentioned
    298 Post(s)
    Tagged
    0 Thread(s)
    Latest Post
    12-18-2014 11:58 AM
    User Info Thanks / Tagging Info Gifts / Achievements / Awards vBActivity Stats
    Join Date
    Aug 2001
    Location
    Tau Ceti V
    Age
    27
    Threads
    616
    Posts
    19,667
    Blog Entries
    619
    Rep Power
    14704

    Default Re: US Debt Disaster

    This global economic crisis boils down to the oil prices, and the fact that the oil resources can no longer meet the demands (we're rapidly approaching the point--not where it runs out--but where it costs more energy to produce oil than you get from burning it). This probably isn't going to be the end of civilization (unless we handle it exceptionally poorly), but it's rather the harbinger of a change in how we live.

    The reason the US is hit harder than other places by this is that it's economy is built up around capitalizing off a series of lucky breaks it's had throughout the 20th century (coming out of WWII unscathed, having oil resources, and so forth) that are long lost. This has lead to some seriously poor decision making in infrastructure as well as in the way the overall economy works.

  6. Likes Frederica Sawyer liked this post
  7. #6
    Senior Member DOOM! has a reputation beyond repute DOOM! has a reputation beyond repute DOOM! has a reputation beyond repute DOOM! has a reputation beyond repute DOOM! has a reputation beyond repute DOOM! has a reputation beyond repute DOOM! has a reputation beyond repute DOOM! has a reputation beyond repute DOOM! has a reputation beyond repute DOOM! has a reputation beyond repute DOOM! has a reputation beyond repute DOOM!'s Avatar
    Gil
    1,354.35
    Gender
    My Mood
    Grumpy
    Gifts Trollface Beer Cookie
    Mentioned
    21 Post(s)
    Tagged
    0 Thread(s)
    Latest Post
    09-27-2014 11:10 AM
    User Info Thanks / Tagging Info Gifts / Achievements / Awards vBActivity Stats
    Join Date
    Nov 2006
    Location
    35°41'38.05" N 51°24'41.45" E
    Age
    29
    Threads
    136
    Posts
    4,100
    Rep Power
    800

    Default Re: US Debt Disaster

    Quote Originally Posted by Eris View Post
    Hahahahaha. Sorry. I know this is a serious matter. But. Hahahahhahahahahahaha. My respect for him just increased by a lot.
    I told y'all I'd pick McCain over Obama, not that it would have made any difference; the US would have been in the exact same sum of debt at this particular time.
    Question to you liberal demofags: Where's your Obama now?


  8. #7
    Geek of Games GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks's Avatar
    Gil
    1,963.92
    Gender
    My Mood
    Paranoid
    Gifts Jade Disc Cookie Cookie
    Mentioned
    126 Post(s)
    Tagged
    0 Thread(s)
    Latest Post
    05-29-2014 09:34 PM
    User Info Thanks / Tagging Info Gifts / Achievements / Awards vBActivity Stats
    Join Date
    Mar 2010
    Age
    26
    Threads
    65
    Posts
    4,755
    Rep Power
    2447
    Gamer IDs

    Steam ID: GameGeeks

    Default Re: US Debt Disaster

    @Ericgamer1 The actual date is August 15th. The Treasury has enough money to at least pay interest till then. I hope Obama does grow a pair and actually do something for once. So far he has shown he can't lead. Using that order would show some backbone at the least.

    @lil' McDoom In a corner wearing a tutu.

  9. #8
    Awaken Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1's Avatar
    Gil
    1,521,640.89
    Gender
    My Mood
    Fine
    Gifts Mario 1-Up Mushroom Aria Neko Mario Piranha Plant
    Mentioned
    46 Post(s)
    Tagged
    0 Thread(s)
    Latest Post
    10-15-2011 10:49 PM
    User Info Thanks / Tagging Info Gifts / Achievements / Awards vBActivity Stats
    Join Date
    Sep 2006
    Location
    Tucson, Arizona
    Age
    23
    Threads
    303
    Posts
    3,410
    Blog Entries
    123
    Rep Power
    5632

    Default Re: US Debt Disaster

    Quote Originally Posted by GameGeeks View Post
    @Ericgamer1 The actual date is August 15th. The Treasury has enough money to at least pay interest till then. I hope Obama does grow a pair and actually do something for once. So far he has shown he can't lead. Using that order would show some backbone at the least.
    uh, no. It's august 2nd, because that is the start of the august recess which means that everyone in congress goes home for the month.

    ^by Hakuchuumu^

    ^Xey Oiz^

    The Brighter the Light the Darker the Shadow

  10. #9
    Team Aki! -akichan- has a reputation beyond repute -akichan- has a reputation beyond repute -akichan- has a reputation beyond repute -akichan- has a reputation beyond repute -akichan- has a reputation beyond repute -akichan- has a reputation beyond repute -akichan- has a reputation beyond repute -akichan- has a reputation beyond repute -akichan- has a reputation beyond repute -akichan- has a reputation beyond repute -akichan- has a reputation beyond repute -akichan-'s Avatar
    Gil
    13,115.74
    Gender
    My Mood
    Cheeky
    Mentioned
    5 Post(s)
    Tagged
    0 Thread(s)
    Latest Post
    12-09-2013 01:09 AM
    User Info Thanks / Tagging Info Gifts / Achievements / Awards vBActivity Stats
    Join Date
    Apr 2005
    Age
    25
    Threads
    54
    Posts
    6,440
    Rep Power
    4944

    Default Re: US Debt Disaster

    Good, good. The US will fall...and the fat, idiot americans will no longer be able to keep going how powerful and awesome their pathetic nation is.
    Hehe...good thing I'm the thinnest of the thinnest and I do work hard for living XD


    Well back to the article, does that mean there will be more budget cutting? I wouldn't be qualify for student loan...?!?! Nooo I have two more years of university and I need money =(


  11. #10
    Geek of Games GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks's Avatar
    Gil
    1,963.92
    Gender
    My Mood
    Paranoid
    Gifts Jade Disc Cookie Cookie
    Mentioned
    126 Post(s)
    Tagged
    0 Thread(s)
    Latest Post
    05-29-2014 09:34 PM
    User Info Thanks / Tagging Info Gifts / Achievements / Awards vBActivity Stats
    Join Date
    Mar 2010
    Age
    26
    Threads
    65
    Posts
    4,755
    Rep Power
    2447
    Gamer IDs

    Steam ID: GameGeeks

    Default Re: US Debt Disaster

    Quote Originally Posted by Ericgamer1 View Post
    uh, no. It's august 2nd, because that is the start of the august recess which means that everyone in congress goes home for the month.
    Considering the situation, I doubt that'll happen. Not to mention not everyone goes home. That'd be like sending all doctors home for a weekend. And I doubt in this day and age, the treasury simply writes a check. So they could continue paying interest till the 15th. But it doesn't matter as it's more then likely impossible to pay off the debt anyways. The following is from last year but considering the debt has only increased since then it's even more so.

    http://theeconomiccollapseblog.com/a...-national-debt

  12. #11
    Awaken Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1's Avatar
    Gil
    1,521,640.89
    Gender
    My Mood
    Fine
    Gifts Mario 1-Up Mushroom Aria Neko Mario Piranha Plant
    Mentioned
    46 Post(s)
    Tagged
    0 Thread(s)
    Latest Post
    10-15-2011 10:49 PM
    User Info Thanks / Tagging Info Gifts / Achievements / Awards vBActivity Stats
    Join Date
    Sep 2006
    Location
    Tucson, Arizona
    Age
    23
    Threads
    303
    Posts
    3,410
    Blog Entries
    123
    Rep Power
    5632

    Default Re: US Debt Disaster

    Quote Originally Posted by GameGeeks View Post
    Considering the situation, I doubt that'll happen. Not to mention not everyone goes home. That'd be like sending all doctors home for a weekend. And I doubt in this day and age, the treasury simply writes a check. So they could continue paying interest till the 15th. But it doesn't matter as it's more then likely impossible to pay off the debt anyways. The following is from last year but considering the debt has only increased since then it's even more so.
    the problem here is that even if they do prioritize to pay the interest rates, Standards and Poor has already threatened that they would still downgrade the country because (while still meeting debt obligations) it's no way to run a country, and therefore makes for a greater risk.

    A week ago, a downgrade seemed avoidable, now, it looks like it's going to happen.
    Last edited by Ericgamer1; 07-30-2011 at 02:01 PM.

    ^by Hakuchuumu^

    ^Xey Oiz^

    The Brighter the Light the Darker the Shadow

  13. #12
    Geek of Games GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks has a reputation beyond repute GameGeeks's Avatar
    Gil
    1,963.92
    Gender
    My Mood
    Paranoid
    Gifts Jade Disc Cookie Cookie
    Mentioned
    126 Post(s)
    Tagged
    0 Thread(s)
    Latest Post
    05-29-2014 09:34 PM
    User Info Thanks / Tagging Info Gifts / Achievements / Awards vBActivity Stats
    Join Date
    Mar 2010
    Age
    26
    Threads
    65
    Posts
    4,755
    Rep Power
    2447
    Gamer IDs

    Steam ID: GameGeeks

    Default Re: US Debt Disaster

    Quote Originally Posted by Ericgamer1 View Post
    the problem here is that even if they do prioritize to pay the interest rates, Standards and Poor has already threatened that they would still downgrade the country because (while still meeting debt obligations) it's no way to run a country, and therefore makes for a greater risk.

    A week ago, a downgrade seems avoidable, now, it looks like it's going to happen.
    At this point, I say let the country default. The Federal Government has seized too much power over the years and needs to be trimmed. Even if the Federal Government defaults the country, while taking a massive blow, would still continue on. The State Governments would still be around to enforce local laws, companies would still provide services. It'd be a struggle but we'd still be able to survive. It's not like anarchy will ensue.

  14. #13
    Awaken Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1's Avatar
    Gil
    1,521,640.89
    Gender
    My Mood
    Fine
    Gifts Mario 1-Up Mushroom Aria Neko Mario Piranha Plant
    Mentioned
    46 Post(s)
    Tagged
    0 Thread(s)
    Latest Post
    10-15-2011 10:49 PM
    User Info Thanks / Tagging Info Gifts / Achievements / Awards vBActivity Stats
    Join Date
    Sep 2006
    Location
    Tucson, Arizona
    Age
    23
    Threads
    303
    Posts
    3,410
    Blog Entries
    123
    Rep Power
    5632

    Default Re: US Debt Disaster

    A flat out default would be an automatic downgrade, and at that point, it might be lowered even passed AA to possibly C, or D

    Quote Originally Posted by -akichan- View Post
    Well back to the article, does that mean there will be more budget cutting? I wouldn't be qualify for student loan...?!?! Nooo I have two more years of university and I need money =(
    you may still qualify, but you can expect to pay a lot more on interest.
    Last edited by Ericgamer1; 07-30-2011 at 02:19 PM.

    ^by Hakuchuumu^

    ^Xey Oiz^

    The Brighter the Light the Darker the Shadow

  15. #14
    A fan of anime and video games. Videogamer555 is infamous around these parts Videogamer555 is infamous around these parts Videogamer555 is infamous around these parts Videogamer555 is infamous around these parts Videogamer555 is infamous around these parts Videogamer555 is infamous around these parts Videogamer555 is infamous around these parts Videogamer555 is infamous around these parts Videogamer555 is infamous around these parts Videogamer555 is infamous around these parts Videogamer555 is infamous around these parts Videogamer555's Avatar
    Gil
    982,245.19
    Gender
    Mentioned
    84 Post(s)
    Tagged
    0 Thread(s)
    Latest Post
    03-25-2012 11:00 PM
    User Info Thanks / Tagging Info Gifts / Achievements / Awards vBActivity Stats
    Join Date
    Oct 2010
    Threads
    235
    Posts
    813
    Blog Entries
    255
    Rep Power
    0

    Default Re: US Debt Disaster

    If Shigeru Miyamoto (of Nintendo fame) were the US, president, everything would be better.

  16. #15
    Senior Member DOOM! has a reputation beyond repute DOOM! has a reputation beyond repute DOOM! has a reputation beyond repute DOOM! has a reputation beyond repute DOOM! has a reputation beyond repute DOOM! has a reputation beyond repute DOOM! has a reputation beyond repute DOOM! has a reputation beyond repute DOOM! has a reputation beyond repute DOOM! has a reputation beyond repute DOOM! has a reputation beyond repute DOOM!'s Avatar
    Gil
    1,354.35
    Gender
    My Mood
    Grumpy
    Gifts Trollface Beer Cookie
    Mentioned
    21 Post(s)
    Tagged
    0 Thread(s)
    Latest Post
    09-27-2014 11:10 AM
    User Info Thanks / Tagging Info Gifts / Achievements / Awards vBActivity Stats
    Join Date
    Nov 2006
    Location
    35°41'38.05" N 51°24'41.45" E
    Age
    29
    Threads
    136
    Posts
    4,100
    Rep Power
    800

    Default Re: US Debt Disaster

    Quote Originally Posted by Videogamer555 View Post
    If Shigeru Miyamoto (of Nintendo fame) were the US, president, everything would be better.
    LOL,wut? U retartet?


  17. Thanks Ashminigun thanked for this post
    Likes Meenah liked this post
  18. #16
    A fan of anime and video games. Videogamer555 is infamous around these parts Videogamer555 is infamous around these parts Videogamer555 is infamous around these parts Videogamer555 is infamous around these parts Videogamer555 is infamous around these parts Videogamer555 is infamous around these parts Videogamer555 is infamous around these parts Videogamer555 is infamous around these parts Videogamer555 is infamous around these parts Videogamer555 is infamous around these parts Videogamer555 is infamous around these parts Videogamer555's Avatar
    Gil
    982,245.19
    Gender
    Mentioned
    84 Post(s)
    Tagged
    0 Thread(s)
    Latest Post
    03-25-2012 11:00 PM
    User Info Thanks / Tagging Info Gifts / Achievements / Awards vBActivity Stats
    Join Date
    Oct 2010
    Threads
    235
    Posts
    813
    Blog Entries
    255
    Rep Power
    0

    Default Re: US Debt Disaster

    Nintendo is a very well off company. Whoever is running it is doing a good job, and any high up employees like Mr. Miyamoto are probably deserving of a lot of the credit so would maybe run a country well too.

  19. #17
    Awaken Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1's Avatar
    Gil
    1,521,640.89
    Gender
    My Mood
    Fine
    Gifts Mario 1-Up Mushroom Aria Neko Mario Piranha Plant
    Mentioned
    46 Post(s)
    Tagged
    0 Thread(s)
    Latest Post
    10-15-2011 10:49 PM
    User Info Thanks / Tagging Info Gifts / Achievements / Awards vBActivity Stats
    Join Date
    Sep 2006
    Location
    Tucson, Arizona
    Age
    23
    Threads
    303
    Posts
    3,410
    Blog Entries
    123
    Rep Power
    5632

    Default Re: US Debt Disaster

    Less than 36 hours left now until the deadline. They -say- they're close to some sort of compromise, but hasty decisions make for bad outcomes.

    WASHINGTON (CNN) -- Senate Majority Leader Harry Reid said Sunday there was no agreement yet on raising the federal debt ceiling, but "we are cautiously optimistic."
    Reid made his comments after his counterpart -- Senate Minority Leader Mitch McConnell -- told CNN's "State of the Union" on Sunday that Democrats and Republicans are "very close" to reaching a deal on $3 trillion in spending cuts that would raise the debt limit.



    "We had a very good day yesterday," the Kentucky Republican said, adding that the two sides "made dramatic progress."
    With the deadline to reach a debt ceiling agreement just two days away, congressional leaders and the White House are mulling parts of a tentative deal that would extend the debt limit through next year.
    A Republican source close to the negotiations told CNN the goal is $3 trillion in savings, and that the deal would include a $2.4 trillion increase in the debt ceiling.
    Just hours before, two sources familiar with the negotiations told CNN that the framework of a tentative deal to raise the nation's debt ceiling calls for up to $2.8 trillion in total deficit reduction over the next decade.
    The agreement, still being negotiated by the White House and bipartisan congressional leaders, would allow the debt ceiling to be raised by enough to last at least through the end of 2012.


    The debt limit would be increased in two stages, both of which would occur automatically -- a key Democratic demand that would prevent a repeat of the current crisis before the next election.
    Sen. Charles Schumer, D-New York, told "State of the Union" that the mood on Capitol Hill is "relief that we won't default."
    While nothing is definite yet because there is no final agreement, "default is a lot less of a possibility now than it was a day ago," he said, adding that "leaders are talking in a constructive way."
    The agreement includes upfront spending cuts in the range of roughly $1 trillion, the sources said. A special congressional committee would recommend additional spending reductions of up to $1.8 trillion no later than Thanksgiving. If Congress fails to approve the recommended cuts by late December, automatic, across-the-board cuts -- including both defense and Medicare -- would take effect.
    News of a possible deal came shortly after the Senate delayed consideration of Majority Leader Harry Reid's debt ceiling proposal late Saturday night, pushing back a key procedural vote by 12 hours.
    The vote to stop debate and end a GOP filibuster on the plan will now be held at 1 p.m. ET on Sunday, as opposed to 1 a.m.
    Reid, D-Nevada, said he was asking for a delay to provide additional time for negotiations underway at the White House.
    There are "many elements to be finalized" and still "a distance to go," Reid said. "We should give everyone as much room as possible to do their work."
    full article:
    http://money.cnn.com/2011/07/31/news..._ceiling_deal/

    ^by Hakuchuumu^

    ^Xey Oiz^

    The Brighter the Light the Darker the Shadow

  20. #18
    Senior Member Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero's Avatar
    Gil
    1,390.24
    Gender
    Gifts K-on Pick Headphones Aquarius
    Mentioned
    19 Post(s)
    Tagged
    0 Thread(s)
    User Info
    Latest Post
    03-26-2013 08:51 PM
    Join Date
    Dec 2010
    Threads
    68
    Posts
    743
    Blog Entries
    204
    AW Wallpapers
    3
    Rep Power
    754
    Thanks (Given)
    53
    Thanks (Received)
    58
    Likes (Given)
    177
    Likes (Received)
    168
    Dislikes (Given)
    66
    Dislikes (Received)
    18
    Mentioned
    19 Post(s)
    Tagged
    0 Thread(s)
    Latest Thread
    NEWS: QE3 enacted by FED
    Latest Blog
    Got a DeviantArt

    Default

    Reid's proposal does not measure savings correctly. He counts the savings from cuts already established in the past, and he also counts the savings from pulling out of Afghanistan and Iraq earlier than a practical date.

    Do the math and tell me how this is fixed without touching welfare, or the 99-week unemployment benefits, or government entities such as the national Dept. Of Education that a considerable number of congresspeople have actually refused to cut, and others have shown through votes that they have no interest in cutting them.

    I've been watching the House and Senate for awhile now. As far as I can tell, many Republicans won't "compromise" because doing so wouldn't let them pass legislation they believe can actually fix the problem and may even hurt it.

    CSPAN2 reports that House Republicans are meeting up to fromulate a bill that includes a rise in the debt ceiling.

    Question: What's the problem with a balanced budget amendment if it allows for extra spending in matters of domestic security?

    I'd love to see Biden in some of this - he's disappeared I think. Pres. Obama's plan is nonexistent at the same time.

  21. #19
    Senior Member Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero's Avatar
    Gil
    1,390.24
    Gender
    Gifts K-on Pick Headphones Aquarius
    Mentioned
    19 Post(s)
    Tagged
    0 Thread(s)
    User Info
    Latest Post
    03-26-2013 08:51 PM
    Join Date
    Dec 2010
    Threads
    68
    Posts
    743
    Blog Entries
    204
    AW Wallpapers
    3
    Rep Power
    754
    Thanks (Given)
    53
    Thanks (Received)
    58
    Likes (Given)
    177
    Likes (Received)
    168
    Dislikes (Given)
    66
    Dislikes (Received)
    18
    Mentioned
    19 Post(s)
    Tagged
    0 Thread(s)
    Latest Thread
    NEWS: QE3 enacted by FED
    Latest Blog
    Got a DeviantArt

    Default

    Double post is justified.

    President Obama has just given an address saying there's a framework that's been agreed upon by 'both sides' that is going to invite a 'bipartisan committee to meet in November' selected by both parties in each chamber of Congress. He said it was not the deal he would have preferred, and that Republicans get '98%' of what they want out of it. Speaker Boehner expresses optimism for the deal - developments on the deal's context are expected by myself to surface from the media in the following days.

    The committee will serve as the main body whose sole responsibility is to maintain the government debt.

    An apparent flaw in the committee reportedly mandates that one of two 'safeguards' be launched in the event of the committee's being incapable of producing any plans for the national debt within a certain amount of time or in the event of the national debt's reaching a certain closeness to the debt ceiling. According to newscasts, one of these safeguards cuts $540 billion dollars to the defense budget - a surmisable, and potentially detramental, figure to strip out of the defense.

  22. #20
    Awaken Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1's Avatar
    Gil
    1,521,640.89
    Gender
    My Mood
    Fine
    Gifts Mario 1-Up Mushroom Aria Neko Mario Piranha Plant
    Mentioned
    46 Post(s)
    Tagged
    0 Thread(s)
    Latest Post
    10-15-2011 10:49 PM
    User Info Thanks / Tagging Info Gifts / Achievements / Awards vBActivity Stats
    Join Date
    Sep 2006
    Location
    Tucson, Arizona
    Age
    23
    Threads
    303
    Posts
    3,410
    Blog Entries
    123
    Rep Power
    5632

    Default Re: US Debt Disaster

    there still needs to be a vote on it. they can go "woohoo, we did it", but uh, what happens when they actually go to vote on it, it fails because of the hardline tea party conservatives, and we end up with a second bank bailout scenario when the Dow lost a record 700+ points in one day.

    I'm not convinced until there is actually passage

    ^by Hakuchuumu^

    ^Xey Oiz^

    The Brighter the Light the Darker the Shadow

  23. #21
    Senior Member Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero's Avatar
    Gil
    1,390.24
    Gender
    Gifts K-on Pick Headphones Aquarius
    Mentioned
    19 Post(s)
    Tagged
    0 Thread(s)
    User Info
    Latest Post
    03-26-2013 08:51 PM
    Join Date
    Dec 2010
    Threads
    68
    Posts
    743
    Blog Entries
    204
    AW Wallpapers
    3
    Rep Power
    754
    Thanks (Given)
    53
    Thanks (Received)
    58
    Likes (Given)
    177
    Likes (Received)
    168
    Dislikes (Given)
    66
    Dislikes (Received)
    18
    Mentioned
    19 Post(s)
    Tagged
    0 Thread(s)
    Latest Thread
    NEWS: QE3 enacted by FED
    Latest Blog
    Got a DeviantArt

    Default @Ericgamer

    The Tea Party isn't the only group that has the potential ability to shut this legislation down, If this really does serve anything near "98%" of what Republicans want for a debt solution, hyou can expect many Democrats to shut this bill down as well.

  24. #22
    Awaken Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1 has a reputation beyond repute Ericgamer1's Avatar
    Gil
    1,521,640.89
    Gender
    My Mood
    Fine
    Gifts Mario 1-Up Mushroom Aria Neko Mario Piranha Plant
    Mentioned
    46 Post(s)
    Tagged
    0 Thread(s)
    Latest Post
    10-15-2011 10:49 PM
    User Info Thanks / Tagging Info Gifts / Achievements / Awards vBActivity Stats
    Join Date
    Sep 2006
    Location
    Tucson, Arizona
    Age
    23
    Threads
    303
    Posts
    3,410
    Blog Entries
    123
    Rep Power
    5632

    Default Re: US Debt Disaster

    Quote Originally Posted by Skillero View Post
    The Tea Party isn't the only group that has the potential ability to shut this legislation down, If this really does serve anything near "98%" of what Republicans want for a debt solution, hyou can expect many Democrats to shut this bill down as well.
    The last thing that you want (as a country) is that on the LAST DAY of the deadline, to not have everything wrapped up- because that is when you send everyone into panic.

    This was political move to pacify investors. (note: they only say this FIVE MINUTES before the Asian markets opened).

    Like I said, this isn't over until it's over.
    Last edited by Ericgamer1; 07-31-2011 at 10:00 PM.

    ^by Hakuchuumu^

    ^Xey Oiz^

    The Brighter the Light the Darker the Shadow

  25. #23
    Senior Member Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero has a reputation beyond repute Skilero's Avatar
    Gil
    1,390.24
    Gender
    Gifts K-on Pick Headphones Aquarius
    Mentioned
    19 Post(s)
    Tagged
    0 Thread(s)
    User Info
    Latest Post
    03-26-2013 08:51 PM
    Join Date
    Dec 2010
    Threads
    68
    Posts
    743
    Blog Entries
    204
    AW Wallpapers
    3
    Rep Power
    754
    Thanks (Given)
    53
    Thanks (Received)
    58
    Likes (Given)
    177
    Likes (Received)
    168
    Dislikes (Given)
    66
    Dislikes (Received)
    18
    Mentioned
    19 Post(s)
    Tagged
    0 Thread(s)
    Latest Thread
    NEWS: QE3 enacted by FED
    Latest Blog
    Got a DeviantArt

    Default

    Did I disagree with you, Eric? ('_') Also, I'd like it to be acknowledged that my posts will lack a degree of context because of a fault on my end in only being able to type with a cellular phone keypad.

  26. #24
    Senior Member Light Buster has a reputation beyond repute Light Buster has a reputation beyond repute Light Buster has a reputation beyond repute Light Buster has a reputation beyond repute Light Buster has a reputation beyond repute Light Buster has a reputation beyond repute Light Buster has a reputation beyond repute Light Buster has a reputation beyond repute Light Buster has a reputation beyond repute Light Buster has a reputation beyond repute Light Buster has a reputation beyond repute Light Buster's Avatar
    Gil
    34,349.50
    Gender
    My Mood
    Fine
    Gifts Systems Xbox 360 American Flag Ribbon AK47
    Mentioned
    319 Post(s)
    Tagged
    0 Thread(s)
    Latest Post
    12-13-2014 07:40 PM
    User Info Thanks / Tagging Info Gifts / Achievements / Awards vBActivity Stats
    Join Date
    Aug 2006
    Location
    California
    Age
    23
    Threads
    140
    Posts
    7,193
    Blog Entries
    59
    AW Wallpapers
    1
    Rep Power
    2258
    Gamer IDs

    Gamertag: Light Buster PSN ID: Lightbuster88

    Default Re: US Debt Disaster

    Last day before the default hits us. Obama better think of something before tomorrow.

  27. #25
    Senior Member Capitán has a reputation beyond repute Capitán has a reputation beyond repute Capitán has a reputation beyond repute Capitán has a reputation beyond repute Capitán has a reputation beyond repute Capitán has a reputation beyond repute Capitán has a reputation beyond repute Capitán has a reputation beyond repute Capitán has a reputation beyond repute Capitán has a reputation beyond repute Capitán has a reputation beyond repute Capitán's Avatar
    Gil
    2,834.36
    Gender
    Gifts 025 - Pikachu Ceiling Cat Albatross
    Mentioned
    37 Post(s)
    Tagged
    0 Thread(s)
    Latest Post
    08-19-2014 03:52 AM
    User Info Thanks / Tagging Info Gifts / Achievements / Awards vBActivity Stats
    Join Date
    Aug 2009
    Threads
    21
    Posts
    1,148
    Blog Entries
    34
    Rep Power
    2323

    Default Re: US Debt Disaster

    So both parties in both chambers decided to raise the debt ceiling. Okay....
    So programs will be cut and higher taxes for all until it's met. For some reason, I don't like to pay 5 bucks on a liter of soda.
    I hope it doesn't come to that.
    ....

+ Reply to Thread
Page 1 of 4 1 2 3 4 LastLast

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

     

Similar Threads

  1. Cut America's Debt
    By Skilero in forum Miscellaneous Miscellany
    Replies: 12
    Last Post: 08-04-2011, 02:45 AM
  2. Disaster Roulette
    By Eris in forum Miscellaneous Miscellany
    Replies: 32
    Last Post: 08-11-2010, 06:44 PM
  3. Disaster
    By .Miki~ in forum Poetry
    Replies: 2
    Last Post: 12-29-2009, 07:16 AM
  4. A Current State Of Debt 2008
    By MomijiTMO in forum Miscellaneous Miscellany
    Replies: 1
    Last Post: 05-04-2008, 09:03 PM
  5. Disaster Report
    By Ryth in forum Video Games
    Replies: 0
    Last Post: 04-29-2006, 11:13 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts