Who is being an "honest Broker" in the debt ceiling negotiations?

[TerryMathews]

Thought so don't worry tho there is help out there for you.

He's my own personal Jesus. Someone to hear my prayers.*Someone who cares*

 

[TerryMathews]

I'm saying that some people analyze this sort of thing for a living and they might have thought about these issues more thoroughly than you have. You have already equated governmental debt to household debt, which shows me you don't understand how government debt works.

If your ideas are such common sense, surely some competent authority has advocated for them. I would just like to know which ones, what's the problem?

Explain how they're different. Both have to be paid in some fashion, even if it is interest only.

Do you think there's some magic government debt handshake where we don't really pay? Didn't work for Greece.

 

[fskimospy]

Explain how they're different. Both have to be paid in some fashion, even if it is interest only.

Do you think there's some magic government debt handshake where we don't really pay? Didn't work for Greece.

Equating Greece and the US is also not a good comparison. Question, do you owe your debts in dollars or TerryMathewsBucks?

 

[TerryMathews]

I was unaware that duration was a determining factor as to if something was blackmail or not.

The debt ceiling is Congress's. If Obama wants to alter it and Boehner wants cuts in return that's not blackmail it's negotiation.

Also, here is a source advocating spending cuts. http://www.cbpp.org/cms/index.cfm?fa=view&id=3856 There are more. Do your own Googling.

 

[TerryMathews]

Equating Greece and the US is also not a good comparison. Question, do you owe your debts in dollars or TerryMathewsBucks?

Why are they different?

I'm going to ignore your snide comment. Typical liberal, has to be condescending to anyone who doesn't agree with them. Just like Ole Joe.

 

[fskimospy]

The debt ceiling is Congress's. If Obama wants to alter it and Boehner wants cuts in return that's not blackmail it's negotiation.

Also, here is a source advocating spending cuts. http://www.cbpp.org/cms/index.cfm?fa=view&id=3856 There are more. Do your own Googling.

Again, you appear to believe that choosing not to destroy the global economy is somehow something that is a concession to Obama. This is not correct.

I did not ask for a source advocating spending cuts, foolish as they are. I asked for a source advocating default as less bad than raising the debt ceiling.

 

[TerryMathews]

Again, you appear to believe that choosing not to destroy the global economy is somehow something that is a concession to Obama. This is not correct.

I did not ask for a source advocating spending cuts, foolish as they are. I asked for a source advocating default as less bad than raising the debt ceiling.

So your position is that nothing should ever be bargained together? Debt ceiling separate from medicare separate from budget cuts etc?

 

[fskimospy]

Why are they different?

I'm going to ignore your snide comment. Typical liberal, has to be condescending to anyone who doesn't agree with them. Just like Ole Joe.

If you owe someone debt in money you can create by snapping your fingers it is very different than if you don't.

 

[fskimospy]

So your position is that nothing should ever be bargained together? Debt ceiling separate from medicare separate from budget cuts etc?

No, I don't know how you could get that idea. My position is that threatening to cause a global economic catastrophe unless your demands are met is bad governance.

 

[TerryMathews]

No, I don't know how you could get that idea. My position is that threatening to cause a global economic catastrophe unless your demands are met is bad governance.

You're saying demand. I'm saying 6 month negotiation.

 

[TerryMathews]

If you owe someone debt in money you can create by snapping your fingers it is very different than if you don't.

Do you have any clue how inflation works?

And you are aware that Greece also could "print money" correct?

 

[fskimospy]

Do you have any clue how inflation works?

And you are aware that Greece also could "print money" correct?

Yes I know how inflation works.

No, Greece could not print money.

 

[fskimospy]

You're saying demand. I'm saying 6 month negotiation.

Were the Republicans requiring policy changes to not cause a global financial crisis or not?

 

[TerryMathews]

Were the Republicans requiring policy changes to not cause a global financial crisis or not?

With the definitions you're using, there can never be negotiations. You understand that right?

 

[fskimospy]

With the definitions you're using, there can never be negotiations. You understand that right?

That makes no sense whatsoever. I don't care if people make demands, I only care if they elect to threaten global financial stability if those demands are not met. I've said this several times already.

 

[TerryMathews]

Yes I know how inflation works.

No, Greece could not print money.

Wrong. As usual. http://blogs.wsj.com/brussels/2012/05/18/a-product-greece-still-makes-money/

 

[TerryMathews]

That makes no sense whatsoever. I don't care if people make demands, I only care if they elect to threaten global financial stability if those demands are not met. I've said this several times already.

Right. You're saying that because this "threatens global financial stability" that Boehner must agree to it without imposing other terms. Correct?

 

[fskimospy]

Wrong. As usual. http://blogs.wsj.com/brussels/2012/05/18/a-product-greece-still-makes-money/

Quoted for self pwnage. Your article says that while Greece owns actual physical presses, it cannot actually create new euros in its own without external permission.

Seriously, that's embarrassing.

 

[nehalem256]

You're saying demand. I'm saying 6 month negotiation.

I don't think anyone honestly believe the Republican's have negotiated in good faith.

 

[fskimospy]

Right. You're saying that because this "threatens global financial stability" that Boehner must agree to it without imposing other terms. Correct?

Yes. How many times do I need to say it? Choosing to threaten global financial stability in order to get your preferred fiscal policy is simply bad governance. Any politician engaging in it is doing a disservice to his country and should be ashamed of himself.

 

[TerryMathews]

Quoted for self pwnage. Your article says that while Greece owns actual physical presses, it cannot actually create new euros in its own without external permission.

Seriously, that's embarrassing.

I guess we have different levels of faith in politicians?

 

[TerryMathews]

Yes. How many times do I need to say it? Choosing to threaten global financial stability in order to get your preferred fiscal policy is simply bad governance. Any politician engaging in it is doing a disservice to his country and should be ashamed of himself.

So if Obama asks for the debt ceiling to be raised, in your eyes in must be raised. No debate no negotiation.

 

[fskimospy]

I guess we have different levels of faith in politicians?

What do you mean by this? Are you saying that Greece is counterfeiting Euros? That's the only argument you could be making. If so this is huge international news.

 

[Fern]

Quoted for self pwnage. Your article says that while Greece owns actual physical presses, it cannot actually create new euros in its own without external permission.

Seriously, that's embarrassing.

There's no "pwnage" and you missed the point.

Greece can print drachmas. By many accounts the question of Greece leaving the Euro is 'when', not 'if''.

The article he linked is another rumor about Greece leaving.

Have at it with google, speculation on Greece's departure is rampant.

Fern

 

[TerryMathews]

There's no "pwnage" and you missed the point.

Greece can print drachmas. By many accounts the question of Greece leaving the Euro is 'when', not 'if''.

The article he linked is another rumor about Greece leaving.

Have at it with google, speculation on Greece's departure is rampant.

Fern

Thanks for handling my light work Fern. 😀