Debt Ceiling and Shutdown talk coincides with...

abandonconflict

abandonconflict

Well-Known Member
CunningCanuk said:
His only policy was to try and undo everything Obama did, like the early virus detection team he disbanded.

As with everything else trump, his involvement with operation warp speed was more hype than substance. As you mentioned, he was clueless about how to distribute the vaccines and any administrative talent the administration had was long gone by then. Besides, the development of these vaccines has been ongoing for most of 2 decades.
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It's even worse than that. He made it pretty much impossible for international cooperation to take place with regard to vaccine production and distribution. He started by trying to force Germany to produce a hundred million doses for the US before anyone else and then scaring Modi away from Indian production by trying to prevent them from profiting on it.

He also has to be partly to blame for the Chinese trying to starve the US of PPE and API. However that shit the Chinese pulled is what caused them to incur the cosmic kharmic debt they're currently paying.
 
HGCC

HGCC

Well-Known Member
Can anyone write a three to five sentence paragraph on why the US debt matters? Even linking to an article that you think explains why would be fine.

The debt doesn't matter is one of the ideas of Modern Monetary Theory. This was a pretty straightforward writeup https://www.investopedia.com/modern-monetary-theory-mmt-4588060

The Wikipedia article wasn't very clear. The basic idea is that a country isn't constrained by debt in the same way a household or business is. A country that has control of its currency is able to just print money to meet those obligations. There are obviously going to be limits, but not like what gets trotted out now as concerns. The USA is in a particularly sweet ass position when it comes to that, we are the world's currency and reserve. It's why treasury bonds are so sought after. We can borrow indefinitely.

Not raising the debt ceiling is one of the few things we can do to topple ourselves as the leading nation. It's stupid.
 
cannabineer

cannabineer

Ursus marijanus
HGCC said:
Can anyone write a three to five sentence paragraph on why the US debt matters? Even linking to an article that you think explains why would be fine.

The debt doesn't matter is one of the ideas of Modern Monetary Theory. This was a pretty straightforward writeup https://www.investopedia.com/modern-monetary-theory-mmt-4588060

The Wikipedia article wasn't very clear. The basic idea is that a country isn't constrained by debt in the same way a household or business is. A country that has control of its currency is able to just print money to meet those obligations. There are obviously going to be limits, but not like what gets trotted out now as concerns. The USA is in a particularly sweet ass position when it comes to that, we are the world's currency and reserve. It's why treasury bonds are so sought after. We can borrow indefinitely.

Not raising the debt ceiling is one of the few things we can do to topple ourselves as the leading nation. It's stupid.
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my take is that the debt is fait accompli, beyond the political hostage games of current spending and the artificial limits placed on it.
 
PadawanWarrior

PadawanWarrior

Well-Known Member
HGCC said:
Can anyone write a three to five sentence paragraph on why the US debt matters? Even linking to an article that you think explains why would be fine.

The debt doesn't matter is one of the ideas of Modern Monetary Theory. This was a pretty straightforward writeup https://www.investopedia.com/modern-monetary-theory-mmt-4588060

The Wikipedia article wasn't very clear. The basic idea is that a country isn't constrained by debt in the same way a household or business is. A country that has control of its currency is able to just print money to meet those obligations. There are obviously going to be limits, but not like what gets trotted out now as concerns. The USA is in a particularly sweet ass position when it comes to that, we are the world's currency and reserve. It's why treasury bonds are so sought after. We can borrow indefinitely.

Not raising the debt ceiling is one of the few things we can do to topple ourselves as the leading nation. It's stupid.
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Next time I charge a bunch of grow equipment on my credit card I'm just gonna tell my wife the debt doesn't matter, :dunce:
 
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