Property Tax 2nd Installment

[The-Shoveler]

As long as we can hold it together politically I think the country will continue to lead and do just fine.

The biggest threat IMO right now is the unwillingness to meet each other half way (it is either extreme left or extreme right any one in the middle will be thrown out on their ear). I don’t think the real majority of the country really wants this, it is just the few who hold the political strings screwing things up.

[FlyerInHi]

[quote=The-Shoveler]LOL so do you seriously think we will ever pay it off at this point? (the national debt).

One day some president will just order the treasury to mint a bunch of trillion dollar coins and use those to pay it off and I predict “nothing will happen”, we will just go on like it never happened.

anyway IMO.[/quote]

Then why all the self-induced crises over the debt limit and stimulus during the Great Recession? That means we actually depressed the recovery and we all the poorer for it, all because of misplaced ideology.

[outtamojo]

Let’s not forget that not too long ago WE were the doomsayers.

[The-Shoveler]

I never predicted the country would fall into ruin just a temporary downturn in RE that would quickly rebound.

[The-Shoveler]

Yea it could have been handled much differently but I still maintain to this day that the great recession was a planned event (it happened the way they “the fed and powers that be” wanted it to). (seriously if we could see it coming you honestly think they did not)

Debt used to build infrastructure is not wasted money (unless you give it to California politicians who can’t seem to do or build anything LOL).

China debt is up to 3 times their GDP we are at about 1 time GDP so we are looking good actually compared to most of the rest of the developed or developing world.

[Myriad]

It seems pretty obvious that governments will just create more money to ensure that there’s not a huge crisis that crashes the system.
Look at Japan with 250% of Debt/GDP, and they have basically 0% rates.
If asset prices and deflation really occur, governments will just give everyone the equivalent of cash to inflate asset prices back to normal.

[Myriad]

. dup

[Coronita]

[quote=The-Shoveler]I never predicted the country would fall into ruin just a temporary downturn in RE that would quickly rebound.[/quote]

bingo. I dont many of us were predicting 75% off of la Jolla. those that were probably missed the boat.

[Coronita]

[quote=Myriad]It seems pretty obvious that governments will just create more money to ensure that there’s not a huge crisis that crashes the system.
Look at Japan with 250% of Debt/GDP, and they have basically 0% rates.
If asset prices and deflation really occur, governments will just give everyone the equivalent of cash to inflate asset prices back to normal.[/quote]

And there’s always the possibility of negative interest rates. That’s like borrowing a can to kick down the road. lol

[Coronita]

[quote=The-Shoveler]As long as we can hold it together politically I think the country will continue to lead and do just fine.

The biggest threat IMO right now is the unwillingness to meet each other half way (it is either extreme left or extreme right any one in the middle will be thrown out on their ear). I don’t think the real majority of the country really wants this, it is just the few who hold the political strings screwing things up.[/quote]

I disagree. As long as the Constitution is not changed, even the worst leaders will eventually be term limited out which isn’t very long. that’s one of the reasons that makes our system great. unlike China or Russia which the leader can simply change the equivalent of the Constitution.

[FlyerInHi]

Flu, are we so sure of our greatness and superiority?

In the last few threads you wrote glowingly about government and Fed intervention in keeping the economy going. Do you know that’s the China model and not historical US laissez faire. More and more countries are following the China model, including us.

[Author]

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