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  1. #1
    Young at Heart ravenstar's Avatar
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    Treasurer Eleventy says "US Default Wouldn't be Pretty"

    Well to all my American brothers and sisters you can rest easily. According to Australian Treasurer Joe Eleventy the US will sort out it's financial problems and won't default. I'm sure his opinion fills you with Peace.

    http://au.news.yahoo.com/a/19369540/...pretty-hockey/

  2. #2
    Are u haleloo ya ? Telstra's Avatar
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    Re: Treasurer Eleventy says "US Default Wouldn't be Pretty"

    How can you default if it is the "richest country" in the world ?

    Or which countries are the richest ?


    NEVER LISTEN TO A ONE SIDED STORY AND JUDGE.

  3. #3
    Young at Heart ravenstar's Avatar
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    Re: Treasurer Eleventy says "US Default Wouldn't be Pretty"

    You default if you can't finance your debts Telly. Country or credit card the basics are the same. If you spend more than you earn and can't finance your debts you default.

  4. #4
    Are u haleloo ya ? Telstra's Avatar
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    Re: Treasurer Eleventy says "US Default Wouldn't be Pretty"

    But those assets ... ah like the bank, you take the assets.


    NEVER LISTEN TO A ONE SIDED STORY AND JUDGE.

  5. #5
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    Re: Treasurer Eleventy says "US Default Wouldn't be Pretty"

    The default would be self inflicted by a small portion (including the speaker) of one half of the U.S. congress if it did happen. They (House and Senate) are gridlocked over most issues for raising the debt ceiling and ending a government shutdown brought on by a handful of very extremist anti-government congressmen. They are using extortion as an attempt to allow the minority to have its way. The majority (Senate and President) are not going down that road for it would be used over and over again. Our congress, both houses, have to vote to agree on spending, and the president has to agree to sign it or by law the bills cannot be paid. It has nothing to do with whether or not the money is there to pay the bills or can be borrowed to do so.

  6. #6

    Re: Treasurer Eleventy says "US Default Wouldn't be Pretty"

    Quote Originally Posted by Telstra View Post
    How can you default if it is the "richest country" in the world ?

    Or which countries are the richest ?
    We are going deeper into debt at the rate of a trillion a year even as we destroy our business base. Boo hoo we don't like corporations or profits. We are reaching a point of no return.
    I don't think Obama will default this time unless he is sure he can blame the Republicans.
    Last edited by Benvolio; October 12th, 2013 at 06:02 PM.

  7. #7
    Slippery When Wet
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    Re: Treasurer Eleventy says "US Default Wouldn't be Pretty"

    I'm still stuck on the "filling me with piece peace" part...

    Ravenstar IS a HOTTIE!!!

    "Whatever you do, or dream you can, begin it. Boldness has genius and power and magic in it..." Goethe

  8. #8
    Here's looking at you kid
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    Re: Treasurer Eleventy says "US Default Wouldn't be Pretty"

    We will never get out of the debt crisis until republicans acknowledge, admit to, and are willing to address its principle causes. We ended the Clinton presidency with a surplus. What happened?

    The real causes of the debt are:

    • The Bush Republican recession.
    • The Bush Republican tax cuts.
    • The Bush Republican wars.
    • The Bush Republican unfunded Medicare Part D

    Thus started the debt spiral that we find ourselves in today. Now I think providing seniors help with prescription meds is a good thing but doing nothing to fund it is irresponsible.

    President Obama has cut the deficit by half in spite of republican obstruction to every single job creation proposal he has presented. And what do republicans want to do? They want to make the rich richer and less responsible for their actions and somehow that will magically result in prosperity for the whole country.

    I have a question and want a serious answer republicans. What makes that happen? If corporations and big business gets big tax and regulation cuts, what MAKES them invest that cash and convenience in new and higher paying jobs along and improved economic wealth for everyone....Like you keep saying it will. What makes that happen instead of the 0.1% stuffing it into their already morbidly obese wallets with their fat greedy paws? Because that's what they did with the Bush cuts and you know it.

    If regulations are relaxed what makes corporations act honestly and ethically? The last time regulations were eliminated, it unleashed a torrent of rapacious abuse, corruption, deception, fraud and greed that nearly brought us to the brink of disaster and from which we have not yet recovered. Why should I think anything different would happen this time?

    THAT is the primary cause of the debt we have today and until you republicans admit that you precipitated the entire fiasco, nothing will ever get any better.



  9. #9
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    Re: Treasurer Eleventy says "US Default Wouldn't be Pretty"

    sure a studio mak tv thang ans public go ooh
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  10. #10
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    Re: Treasurer Eleventy says "US Default Wouldn't be Pretty"

    ^^I actually wrote my thesis on Keynesian economics -- also know as "trickle down" -- and more recently as "Reaganomics"...

    John Keynes was an interesting guy -- VERY involved in Britain's efforts during WWI -- he even wrote a book called "The Economics of the Peace" (relating to the Peace treaty of Versailles) -- still debated to this day...

    MORE IMPORTANTLY -- his "General theory of employment, interest and money"...

    In THEORY -- and possibly until the late 1950's -- it WORKS!!!

    In OUR reality -- where businesses routinely spend millions of dollars lobbying for "breaks" -- whether regulatory, tax, or actual cash infusions -- it doesn't...

    He was a man before OUR time -- yet OUR CURRENT politicians REVERE him...

    We need to RE-INVENT our political structure (from ALL 3 branches of government) -- than, MAYBE -- his GENIUS will once again become relevant...

    "Whatever you do, or dream you can, begin it. Boldness has genius and power and magic in it..." Goethe

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    Re: Treasurer Eleventy says "US Default Wouldn't be Pretty"

    ?
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  12. #12
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    Re: Treasurer Eleventy says "US Default Wouldn't be Pretty"

    Quote Originally Posted by ravenstar View Post
    Well to all my American brothers and sisters you can rest easily. According to Australian Treasurer Joe Eleventy the US will sort out it's financial problems and won't default. I'm sure his opinion fills you with Peace.

    http://au.news.yahoo.com/a/19369540/...pretty-hockey/
    I know nobody will like me for saying this but congress is constitutionally obligated to raise the debt limit. Its never been considered a political tool.

    Its a "hostage congress cant shoot".
    http://forum.justusboys.com/forum/signaturepics/sigpic30903_2.gif

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    Re: Treasurer Eleventy says "US Default Wouldn't be Pretty"

    Quote Originally Posted by Telstra View Post
    How can you default if it is the "richest country" in the world ?

    Or which countries are the richest ?
    We can't-- as the Republicans during the bush and reagan years are more responsible for our debt than anyone--not to mention financial mess---but the hate for a good, decent man like Obama (and it is racial make no mistake about it, and historians will say it) is so bad they want to destroy him even if it means destroying the country--which they already did BTW in 2007.

  14. #14
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    Re: Treasurer Eleventy says "US Default Wouldn't be Pretty"

    With my luck I will win $100 million and the next day they will say that US currency is worthless.
    Never cease to find it strange
    How at midnight things seem hopeless
    But by dawn they've changed

  15. #15
    JUB Addict cgymike's Avatar
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    Re: Treasurer Eleventy says "US Default Wouldn't be Pretty"

    They will take it up to the wire ....America specializes in last-minute agreements. Politics as usual for them. What a cumbersome system. It's a miracle the country has survived at all.
    Your post comments are forwarded to the CIA.

  16. #16
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    Re: Treasurer Eleventy says "US Default Wouldn't be Pretty"

    Quote Originally Posted by swerve View Post
    ^^I actually wrote my thesis on Keynesian economics -- also know as "trickle down" -- and more recently as "Reaganomics"...

    John Keynes was an interesting guy -- VERY involved in Britain's efforts during WWI -- he even wrote a book called "The Economics of the Peace" (relating to the Peace treaty of Versailles) -- still debated to this day...

    MORE IMPORTANTLY -- his "General theory of employment, interest and money"...

    In THEORY -- and possibly until the late 1950's -- it WORKS!!!

    In OUR reality -- where businesses routinely spend millions of dollars lobbying for "breaks" -- whether regulatory, tax, or actual cash infusions -- it doesn't...

    He was a man before OUR time -- yet OUR CURRENT politicians REVERE him...

    We need to RE-INVENT our political structure (from ALL 3 branches of government) -- than, MAYBE -- his GENIUS will once again become relevant...

    Wait a minute -- how is Keynes' work equal to Reaganomics?

    "Thirty-one* states allow all qualified citizens to carry concealed weapons. In those states, homosexuals should embark on organized efforts to become comfortable with guns, learn to use them safely and carry them. They should set up Pink Pistols task forces, sponsor shooting courses and help homosexuals get licensed to carry. And they should do it in a way that gets as much publicity as possible. "

    --Jonathan Rauch, Salon Magazine, March 13, 2000

    *the number is now forty

  17. #17
    Are u haleloo ya ? Telstra's Avatar
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    Re: Treasurer Eleventy says "US Default Wouldn't be Pretty"

    Just a fun question.
    What will happen if the US government will not recognize its current money.

    It only recognize the new US plastic colorful money ?
    And anything owed before 13 Oct 2013 will be not valid.


    NEVER LISTEN TO A ONE SIDED STORY AND JUDGE.

  18. #18
    Bammer's Papa
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    Re: Treasurer Eleventy says "US Default Wouldn't be Pretty"

    Quote Originally Posted by Telstra View Post
    Just a fun question.
    What will happen if the US government will not recognize its current money.

    It only recognize the new US plastic colorful money ?
    And anything owed before 13 Oct 2013 will be not valid.
    "Plastic" money?

    "Thirty-one* states allow all qualified citizens to carry concealed weapons. In those states, homosexuals should embark on organized efforts to become comfortable with guns, learn to use them safely and carry them. They should set up Pink Pistols task forces, sponsor shooting courses and help homosexuals get licensed to carry. And they should do it in a way that gets as much publicity as possible. "

    --Jonathan Rauch, Salon Magazine, March 13, 2000

    *the number is now forty

  19. #19
    Are u haleloo ya ? Telstra's Avatar
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    Re: Treasurer Eleventy says "US Default Wouldn't be Pretty"

    Quote Originally Posted by Kulindahr View Post
    "Plastic" money?
    Like the new Canadian money.


    NEVER LISTEN TO A ONE SIDED STORY AND JUDGE.

  20. #20
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    Re: Treasurer Eleventy says "US Default Wouldn't be Pretty"

    Quote Originally Posted by Telstra View Post
    Like the new Canadian money.
    I haven't seen any of that.

    And the US doesn't have anything plastic.

    "Thirty-one* states allow all qualified citizens to carry concealed weapons. In those states, homosexuals should embark on organized efforts to become comfortable with guns, learn to use them safely and carry them. They should set up Pink Pistols task forces, sponsor shooting courses and help homosexuals get licensed to carry. And they should do it in a way that gets as much publicity as possible. "

    --Jonathan Rauch, Salon Magazine, March 13, 2000

    *the number is now forty

  21. #21
    Are u haleloo ya ? Telstra's Avatar
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    Re: Treasurer Eleventy says "US Default Wouldn't be Pretty"

    Quote Originally Posted by Kulindahr View Post
    I haven't seen any of that.

    And the US doesn't have anything plastic.
    I mean the new plastic dollar does not exist yet.


    NEVER LISTEN TO A ONE SIDED STORY AND JUDGE.

  22. #22
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    Re: Treasurer Eleventy says "US Default Wouldn't be Pretty"

    Quote Originally Posted by Telstra View Post
    I mean the new plastic dollar does not exist yet.
    I doubt the US will go with plastic currency.

    "Thirty-one* states allow all qualified citizens to carry concealed weapons. In those states, homosexuals should embark on organized efforts to become comfortable with guns, learn to use them safely and carry them. They should set up Pink Pistols task forces, sponsor shooting courses and help homosexuals get licensed to carry. And they should do it in a way that gets as much publicity as possible. "

    --Jonathan Rauch, Salon Magazine, March 13, 2000

    *the number is now forty

  23. #23
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    Re: Treasurer Eleventy says "US Default Wouldn't be Pretty"

    Bitcoin is all you need.
    Your post comments are forwarded to the CIA.

  24. #24
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    Re: Treasurer Eleventy says "US Default Wouldn't be Pretty"

    Perhaps we could switch to the Cam4 Tokens method. One token costs .20 cents and is worth .10 cents to the recipient. The other half goes to operating costs of the system. You get a discount if you buy larger amounts of tokens at a time. The discount comes from the system end, not the recipient's.

    Then everyone would pay equal shares of operating costs based on what they spend, not what they have.

    Also, I'm just talking outta my ass. Excuse me, I need more coffee and watch some porn.

  25. #25
    Sex God versa39's Avatar
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    Re: Treasurer Eleventy says "US Default Wouldn't be Pretty"

    republicans have always used the reverse robin hood theory : take from the poor and give to the rich : for they need to buffer their accounts for the financial shit storm of their creation thats coming ...i found it ironic that government monies, pay and needed services were furloughed and suspended to all employees ......except congress.
    if i dont get paid next month, my utilities are late or shut off and my house payment defaults ...but hey , that's my problem..not theirs, cuz i should have had the forsight to have surplus money saved...now why was i so stupid !!! .oh wait, i have to PAY for my healthcare, my car ,my food, my utilities , my house.........something they get for FREE..for the rest of their life, so fo course they can hoard money since they don't have to spend it on living !!!
    Lincoln, arrive like you mean it....

  26. #26
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    Re: Treasurer Eleventy says "US Default Wouldn't be Pretty"

    ^ Thank you, that was very well said.

  27. #27
    CE&P Secret Police xbuzzerx's Avatar
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    Re: Treasurer Eleventy says "US Default Wouldn't be Pretty"

    Quote Originally Posted by versa39 View Post
    republicans have always used the reverse robin hood theory : take from the poor and give to the rich : for they need to buffer their accounts for the financial shit storm of their creation thats coming ...
    That plus the whole "they'll turn around and use it to create jobs, give people raises, open new businesses, invest in the economy.."

    Which if that were true we should have been in a windfall after 8 years of Bush.

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