United States Heading towards a Depression?

This gets to show your level of ignorance and your deep anger towards other ethnic groups (no surprise there, considering you are a racist and close minded individual). For the record, I am a US Citizen and have been paying taxes since I was 15 yrs old (probably a lot longer than you have son, and Albania or any other country has nothing to do with this topic. If you need to have a grudge against a group of people it should be maybe toward your wife's exes or something?

P.S. What's up with you and this thing you seem to have with Albanians, did any of 'em break K's heart or something?

You are on my ignore list so I can't see what mambo jumbo you'll be posting next got tired of reading your nonsense, unless Guerilla quotes your BS.
Now go away and stop instigating!

 

I know, and I am on Guerillas ignore list as well.. Sure..

You have nothing valuable to contribute and as a result resort to name calling. It seems to be a common trait of yours. As you will no doubt be reading this, please tell me how on earth you came to the conclusion that I was racist? That's a pretty strong label to throw on a person, especially when they are a minority.

For the record, a recession is 2 consecutive quarters of negative GDP... If you want to call that racist, so be it. Keep ignoring reality. It will catch up with you some day.

Why on earth do you get so defensive? Do you really have something to hide?

 

You're not on my ignore list, because when you post, it gives me an opportunity to talk real economics.

So, gunna answer the question and explain where the government gets the money to pay you the rebate? Refer back a couple posts to see my question in it's specificity. Thanks!

 

teeeheeeheee!

 

Yeh in a desperate need to correct your trade deficit

 

Mia man you might want to re evaluate your view of the economy

 

Good article here with some awesome graphs and great tabular data.

http://www.lewrockwell.com/orig9/quinn1.html
(Yeah it's all tied to Ron Paul, but ignore that.)

Make sure you scroll through all of the graphs. There's loads of ammo there for arguments over how great things are.

 

Wow, there's a post packed full of substance. Hey, ghost/duplicate poster, stop following me around.

Recession = 2 consecutive quarters of negative GDP.

 

Not if GDP is manipulated.

Are you going to answer where your $600 is coming from? Here is the question I asked you...

The government is broke (bankrupt actually). Where do they get the money from to give you your money back?

Do they,

1) Reduce spending so that your money is available as cash for refund?

2) Borrow from foreigners?

3) Print the money?

What do you think Mia?​

 

Government gets in to Tobacco and beer business. We already know that most of the price of these products are taxes anyway but by getting involved in production they can produce real cheap beer and cigarettes. They start giving out $600 checks to Mia and the other root Republican supporters and they use these checks to buy beer and cigarettes. The GDP goes up and the real cost of the $600 tax cut will be only about $20-$30 for the government.

 

Sure, but I'm trying to make a point to Mia, he's just avoiding facing up.

The government can't issue rebates without a spending cut, or the money is just being borrowed or diluted. It's like getting $600 that will have the purchasing power of $400. But you still have to pay the $600 + interest back.

The stock market prices in the FED cuts before they are announced. Consumer prices have already adjusted for this $600 stimulus. The idea that people are getting something back, when they haven't paid enough (to cover government spending) is ludicrous.

It's like when so-called fiscal conservatives such as lorien, Mia and Will.Spencer cry about earmarks, they don't understand that the money is already budgeted to be spent, earmarking is just the allocation process. If you don't spend it on a Bridge to Nowhere, it will get spent on an Education to Nowhere, or on Health care to Nowhere, or the government just might give it to another country as foreign aid.

So while a Bridge to Nowhere creates low utility, can it be argued that giving money to Egypt, Israel or Somalia delivers more utility to the American people?

I don't think so. The Bridge to Nowhere will at least create some domestic jobs.

Someone showed Mia the technical definition for a recession, and like Obama's poor Americans, he's clinging to it like guns and religion. The poor fella doesn't get that all spending is an increase in GDP, even if someone over pays, or buys something completely useless.

In fact, this $600 stimulus is precisely a GDP booster. Spending has not been cut, but the money has been borrowed/printed and returned to the economy for consumptive spending or capitalization. GDP will go up, even though there has been ZERO productive gain.

The difference between now and the 70s, is that now we have GDP composed of 70% consumption, a massively inflating debt, war on at least 2 fronts, a looming entitlement crisis and a crashing dollar. In the late 70s, we were the world's largest creditor, now we are the world's largest debtor. If people can't understand what that means, then they deserve to blow $600 of their children's debt money on their roof.

I've found a better forum to discuss economics on, and hence, I've kinda lost interest in having to lecture people who insist upon anti-intellectualism.

 

You should understand that this is not about economy any more. It is about social-political situation that requires these actions. USA is like 18 wheeler truck going down the steep hill, everyone in the truck knows that they should use the break or they are going to crash and die but by this time they have noticed that the breaks are not up to the task and will not make any difference, so instead they decide to push the gas and have a last laugh and high from the increasing speed.

 

No, I get it. On a lot of levels.

Unfortunately there are a mass of people like Mia, who vote. And when things go sideways, when they are feeling the hurt, their hubris and arrogance will disappear as they beg Obama or Clinton for a hand out and a hand up.

Instead of rationally reforming the system, we're going deeper into tyranny due to willful negligence and willful ignorance.

 

I am happy to know I am riding with a bunch of political maniacs, then.

HELLO AMERO

 

People like Mia really don't matter, there is structural flaws in USA economy and political leadership. Most people have forgotten about REAL economy with work, production and products and instead only are interested in Casino economy. There was a time that 20% return was considered an excellent investment and it was no problem to borrow money for production but in the last decade, it is almost impossible to borrow money for production. Why should anyone loan out money for such stupid things such as producing products when you can engage in casino economy of real estate, financial instruments, stocks and make 20% or more in a day. Who cares that all these money is just a number in the computers and have no equivalent in reality outside of the computers of the banks.

 

http://www.youtube.com/watch?v=sN_nQOHj__s Nice one!

 

Any of you see what the FED did today or are all of your heads up your own asses?

 

Buy stocks! Snort Cocaine!

Now Mia won't have to pick his nose and eat it. He can put his snot up as collateral with the FED to obtain shiny green FRNs!

Woohoo!

 

The way it is going, soon enough FEDS will start to accept people's used under wears as collateral for their loans.