I've never said debt was all BAD, any econ101 course will teach you that it's good from a business perspective. But then again, I've never made such a stupid statement like: deficit spending, us national debt had NOTHING to do with the current economic climate.Originally posted by: halik
So young and so angry... keep repeating that typo though, it will make you look more mature.Originally posted by: SP33Demon
The national debt doubled in the past 8 years (which has never happened in history), keep saying stupid sht and trolling though.Originally posted by: halik
Alarming Rate? Hop on your bloomberg and tell me what's the credit rating for U.S. Treasuries....Originally posted by: SP33Demon
Who is RAN Paul? If you spent half as much time with your spelling instead of spouting stupid BS like "deficit spending, us national debt had NOTHING to do with the current economic climate" then maybe you would be taken seriously.
Even a preschooler could tell you that increasing national debt at an alarming rate will affect consumer confidence levels, which in turn affects domestic and global markets. Stop being a fcking troll.
Nice ad hominem tough, shows you really know nothing.
Your quote is so sig worthy:
deficit spending, us national debt had NOTHING to do with the current economic climate - Halik
BTW, why aren't you whining like a little girl about LIBOR rates anymore for your student loan? You should create another troll thread about that while you're at it. Don't forget to attach "RAN Paul" so you can complete your BS degree in Trolling. :disgust:
Looking at the nominal debt amount alone tells you nothing - had you actually taken a finance course in your life, you'd know that credit rating covenants (the only risk that debt poses to the U.S.) are relative - you look at the debt to value and debt coverage ratio. So long our GDP keeps growing, our debt can grow at the same rate and we'd be equally as risky (c.p.)
Also Libor has been coming down; not that it makes any difference to me since my loan reset was in July and the rate went down 1.2% YoY.
I'm still waiting for you to somehow prove that the nominal amount of U.S. dept is somehow responsible for the credit crisis. This ain't ronpaulforums; we enjoy, you know, facts....
Oh also about the troll comments, I'm a former Investment Research analyst at Goldman with B.S. in Economics and 2 months away from getting Applied Economics Master's ... who are you again?
Nice! Do you swallow, as well? :laugh:Originally posted by: Evan
halik, I like the initial thought, but you're wasting it on people who aren't that intelligent or well informed. They don't even pretend they know what they're talking about, they'll just link to nonsense even they don't understand. Realize that these twits believe in Austrian economics (and, therefore, Ron Paul) even though he has been consistently wrong for 3 decades. So you're fighting a losing cause to that end.
Just because the kid next to me got a D+, I should be happy with a C? I don't care what Norway and Japan are spending their budgets on, that is their business. I do care what my country spends it's budget on:Originally posted by: ProfJohn
Japan's nation debt is twice it's GDP (imagine if our debt was $24 trillion!!) and yet their defense spending in less than 1% of their GDP, about a third of ours.Originally posted by: venkman
National Debt is the cause of the Government spending TOOO MUCH DANG MONEY on things like Star Wars Defense Programs and War in Iraq II.
So much for debt being caused by defense spending.
BTW Italy, Greece, Norway, Canada, France and Germany all have higher debt levels than the US and none of them spending close to the amount on defense that we do.