US gubmint shutdown + default + subprime sequel?

[rory_20_uk]

Erm, I hate to burst your bubble, but unless you are stating that there would then be no lending, it would change nothing.

China's municipalities are in massive debt due to their lending. It changes the name, not the outcome.

[Lemur]

This is pretty good:

[Vladimir]

This is pretty good:

As an adult conservative American Cristian I find Regan worship deeply uncomfortable. Me and the Gipper go way back but he did give congress a blank check to spend as much as they wanted on social/domestic issues if they gave him a blank check on defense.

He's right, of course, but also bears some of the responsibility.

Let's scrap all debt and currency and bring in the one-world government with its one-world currency with a completely new economic system where the global state cannot go into debt. Along with other economic reforms, all the issues will be solved almost instantly.

I really want to believe you're joking as if I attack your position you'll retreat to the barricades.

[Beskar]

Erm, I hate to burst your bubble, but unless you are stating that there would then be no lending, it would change nothing.

China's municipalities are in massive debt due to their lending. It changes the name, not the outcome.

I really want to believe you're joking as if I attack your position you'll retreat to the barricades.

My comment was in partial jest, as in, I think ultimately a united government with a single currency, along with world-wide economic reforms including a total economic reboot would solve so many issues present in the current global market.

As for "There would be no lending", that would be a folly, as I think you said yourself earlier Rory, owing $1000 to the bank, you are in trouble, the owing $10,000,000 to the bank and the bank is in trouble. Economic reform would include provisions for banks to lend what it can afford to lend. If this came alongside social shift in how we spend/treat money a credit crunch or similar would never occur.

If a global government with a balanced budget sheet came into play as well, with funds for "Rainy Day", then it changes the outcome of the global climate. If a bank ends up bankrupting, the other banks would simply fill the void of where it fell and there would be no threats to the stability of the government/nation, as we have seen in Greece, USA and other places.

The reason for global government is because the Eurozone is a joke if all the different countries are singing from different song sheets, and thus so would be the world if there was just a unified currency.

As for a unified currency, the benefits of that is pretty common sense and would go into a different argument.


As for my comment in jest, there is no way that such a revolution would occur unless some random cataclysm event occurs. People are too self-interested in their own stocks to create a new world which would solve a great many of the old worlds wrongs.

[Philippus Flavius Homovallumus]

My comment was in partial jest, as in, I think ultimately a united government with a single currency, along with world-wide economic reforms including a total economic reboot would solve so many issues present in the current global market.

As for "There would be no lending", that would be a folly, as I think you said yourself earlier Rory, owing $1000 to the bank, you are in trouble, the owing $10,000,000 to the bank and the bank is in trouble. Economic reform would include provisions for banks to lend what it can afford to lend. If this came alongside social shift in how we spend/treat money a credit crunch or similar would never occur.

If a global government with a balanced budget sheet came into play as well, with funds for "Rainy Day", then it changes the outcome of the global climate. If a bank ends up bankrupting, the other banks would simply fill the void of where it fell and there would be no threats to the stability of the government/nation, as we have seen in Greece, USA and other places.

The reason for global government is because the Eurozone is a joke if all the different countries are singing from different song sheets, and thus so would be the world if there was just a unified currency.

As for a unified currency, the benefits of that is pretty common sense and would go into a different argument.


As for my comment in jest, there is no way that such a revolution would occur unless some random cataclysm event occurs. People are too self-interested in their own stocks to create a new world which would solve a great many of the old worlds wrongs.

Command economy and one, unoposed, government?

No thanks, at least the current mess allows for despotic regimes to be removed by other regimes. Reform almost never comes from within the system, so a unified system will never be reformed. This is, I believe, another problem with the EU, lack of political opposition. The Torys were basically called anti-semnites for pulling out of the pro-EU centre-right coalition in the EU parliament.

[Beskar]

@PVC

I never mentioned anything about a command economy? I don't even believe in a command economy? I cannot really address this point since I am unable to grasp where it has came from.

As for One Government, the main despotic regimes visible around the world are the main problem. Having a united democratic government would be far superior to ridding tyranny due to being able to act decisively and swiftly. Since my proposal of a world government would be federal and in a sense, similar scope to Belgium where the world could continue and government doesn't have much of a part to play, if at all, in the scheme of things. There wouldn't be many issues.

Think of things that plague this world. Country X having human rights abuses, Country Y being very hostile and arming themselves with nukes, Country Z who cannot even do basic maths and decimating their own economy. All that would be done away with in a simple way, since there would be a universal charter of human rights which everyone would be made to stick to and they cannot weasel themselves out of it. United World which could swiftly deal with despots who rear their ugly heads without spending tons of time at a conference table, trying to organise "who will contribute what".

[Vladimir]

My comment was in partial jest, as in, I think ultimately a united government with a single currency, along with world-wide economic reforms including a total economic reboot would solve so many issues present in the current global market.

As for "There would be no lending", that would be a folly, as I think you said yourself earlier Rory, owing $1000 to the bank, you are in trouble, the owing $10,000,000 to the bank and the bank is in trouble. Economic reform would include provisions for banks to lend what it can afford to lend. If this came alongside social shift in how we spend/treat money a credit crunch or similar would never occur.

If a global government with a balanced budget sheet came into play as well, with funds for "Rainy Day", then it changes the outcome of the global climate. If a bank ends up bankrupting, the other banks would simply fill the void of where it fell and there would be no threats to the stability of the government/nation, as we have seen in Greece, USA and other places.

The reason for global government is because the Eurozone is a joke if all the different countries are singing from different song sheets, and thus so would be the world if there was just a unified currency.

As for a unified currency, the benefits of that is pretty common sense and would go into a different argument.


As for my comment in jest, there is no way that such a revolution would occur unless some random cataclysm event occurs. People are too self-interested in their own stocks to create a new world which would solve a great many of the old worlds wrongs.

I almost hate to say it given the recent attack but maybe Norway should run the world. It seems like they're able to do this effectively and responsibly.

[Beskar]

I almost hate to say it given the recent attack but maybe Norway should run the world. It seems like they're able to do this effectively and responsibly.

Norway is a very responsible country from what information I know. So obviously taking from the best aspects of various countries such as Norway would be a good idea.

[ICantSpellDawg]

I'm really impressed with Boehner, he is negotiating really well. He knows that Obama cannot let this default happen, but he is still returning to the table to show him that a deal is possible. I have a feeling that this deal is going to be really good - increased 1+trillion in revenues while lowering tax rates and "simplifying" tax codes plus an additional 3+trillion cut to the debt over 10 years. 4+ plus in debt reduction over 10 years without "raising" taxes. This will most likely happen this week.

Or we could get a forced 44% cut instantly. Either way, this government is going to be slashed mercilessly and funding will be forced to go to necessary functions rather than the fluff. The government should be privatizing services at this point.

When will they understand that nobody owns their own property? We are merely renting from the government under the guise of "taxes". Any privatization would be under a similar agreement. The government still owns everything and controls critical functions through regulation, why not charge people rent instead of running it yourself? Generate revenue, create growth potential... Win,Win

[a completely inoffensive name]

I'm really impressed with Boehner, he is negotiating really well. He knows that Obama cannot let this default happen, but he is still returning to the table to show him that a deal is possible. I have a feeling that this deal is going to be really good - increased 1+trillion in revenues while lowering tax rates and "simplifying" tax codes plus an additional 3+trillion cut to the debt over 10 years. 4+ plus in debt reduction over 10 years without "raising" taxes. This will most likely happen this week.

Or we could get a forced 44% cut instantly. Either way, this government is going to be slashed mercilessly and funding will be forced to go to necessary functions rather than the fluff. The government should be privatizing services at this point.

When will they understand that nobody owns their own property? We are merely renting from the government under the guise of "taxes". Any privatization would be under a similar agreement. The government still owns everything and controls critical functions through regulation, why not charge people rent instead of running it yourself? Generate revenue, create growth potential... Win,Win

Profit does not equal better. There are many systems and services which cannot be properly utilized with a system of competition due to practical reasons. Without competition, no growth can be formed, even if there is lots of profit to be had.

Of course, why am I even bothering to say any of this. You are so off the deep end in thinking that the man who is holding the country hostage to satisfy some ideology is "impressive" and that somehow there is no private property in America anymore. Reality check bro.

[ICantSpellDawg]

What happens when you stop paying property taxes? We're all renters, my friend. How am I off the deep end on this issue? What do you think is going to happen to our country? We are already bankrupt, but other nations have been afraid to call us on it. I'm open to increased taxes generally, especially for salaries over 250k, but I know that the government will just squander it in the form of pay raises for employees and programs which are already paid too much, rather than use it for anything bold or necessary. I recognize that our ability to increase our credit limit is just a way to further compound how screwed we are. It's only a matter of time before we are forced to liquidate. We should not increase our debt limit unless we can get spending under control. It is responsible govenrment to push this to the brink now, while we still have options rather than later, when we inevitably wont. People are just afraid of "brinksmanship", but "politics" has only put us in the poor box.

I'm an extremist in my moderation. Politically I am within the margin of error. I like balance, but balance does not exist here.