[teaboy]

It seems to me that other countries with huge deficits(e.g. Greece, UK, etc) have accepted the inevitable decline in their citizen’s relative wealth and have already decided to “tighten their belts” by increasing taxes and reducing spending/services.

It seems common sense to me that we can’t “spend our way out of the deficits” here, so eventually we’ll need to increase taxes and reduce spending/services, too.

Surely the only question is when and how this might come. Will it be over the next 12 months or the next 12 years?
Whatever happens, maybe I’m naive, but I feel like it’ll most likely be a long slow decline than some huge sudden drop. Statements like “hyperinflation” and “worthless [US] currency” in the original article are attention-grabbing exaggerations which are highly unlikely imho and distract from discussions on the more likely occurences.

Perhaps the undue sense of entitlement Americans have is the reason why few politicians are brave or stupid enough to publicly take this stance (i.e. increase taxes and reduce spending/services) today.
Hmm, if so, then my guess is over the next 12 years…

tb

[teaboy]

It seems to me that other countries with huge deficits(e.g. Greece, UK, etc) have accepted the inevitable decline in their citizen’s relative wealth and have already decided to “tighten their belts” by increasing taxes and reducing spending/services.

It seems common sense to me that we can’t “spend our way out of the deficits” here, so eventually we’ll need to increase taxes and reduce spending/services, too.

Surely the only question is when and how this might come. Will it be over the next 12 months or the next 12 years?
Whatever happens, maybe I’m naive, but I feel like it’ll most likely be a long slow decline than some huge sudden drop. Statements like “hyperinflation” and “worthless [US] currency” in the original article are attention-grabbing exaggerations which are highly unlikely imho and distract from discussions on the more likely occurences.

Perhaps the undue sense of entitlement Americans have is the reason why few politicians are brave or stupid enough to publicly take this stance (i.e. increase taxes and reduce spending/services) today.
Hmm, if so, then my guess is over the next 12 years…

tb

[teaboy]

This will sound mysogynistic, because it is, but I say it tongue in cheek.

Girls, especially those enabled by doting fathers, will never reform. In my opinion, their best option is to get their greedy little claws into another enabler, i.e. the richest husband they can bag.

Girls are lucky to have this option. I guess boys do, too, with all the cougars around these days…

tb

[teaboy]

This will sound mysogynistic, because it is, but I say it tongue in cheek.

Girls, especially those enabled by doting fathers, will never reform. In my opinion, their best option is to get their greedy little claws into another enabler, i.e. the richest husband they can bag.

Girls are lucky to have this option. I guess boys do, too, with all the cougars around these days…

tb

[teaboy]

This will sound mysogynistic, because it is, but I say it tongue in cheek.

Girls, especially those enabled by doting fathers, will never reform. In my opinion, their best option is to get their greedy little claws into another enabler, i.e. the richest husband they can bag.

Girls are lucky to have this option. I guess boys do, too, with all the cougars around these days…

tb

[teaboy]

This will sound mysogynistic, because it is, but I say it tongue in cheek.

Girls, especially those enabled by doting fathers, will never reform. In my opinion, their best option is to get their greedy little claws into another enabler, i.e. the richest husband they can bag.

Girls are lucky to have this option. I guess boys do, too, with all the cougars around these days…

tb

[teaboy]

This will sound mysogynistic, because it is, but I say it tongue in cheek.

Girls, especially those enabled by doting fathers, will never reform. In my opinion, their best option is to get their greedy little claws into another enabler, i.e. the richest husband they can bag.

Girls are lucky to have this option. I guess boys do, too, with all the cougars around these days…

tb

[teaboy]

Hmm, assuming we’re heading towards a possible Japan-esque deflationary period, it would be interesting to see similar figures for Japan over the past 40 years.
Anyone seen anything like that?

tb

[teaboy]

Hmm, assuming we’re heading towards a possible Japan-esque deflationary period, it would be interesting to see similar figures for Japan over the past 40 years.
Anyone seen anything like that?

tb

[teaboy]

Hmm, assuming we’re heading towards a possible Japan-esque deflationary period, it would be interesting to see similar figures for Japan over the past 40 years.
Anyone seen anything like that?

tb

[teaboy]

Hmm, assuming we’re heading towards a possible Japan-esque deflationary period, it would be interesting to see similar figures for Japan over the past 40 years.
Anyone seen anything like that?

tb

[teaboy]

Hmm, assuming we’re heading towards a possible Japan-esque deflationary period, it would be interesting to see similar figures for Japan over the past 40 years.
Anyone seen anything like that?

tb

[teaboy]

sdr,
If a bank sold me a $400k mortgage and after 30 years received total mortgage payments of $400k, would you consider them to have made a loss, profit or broken even on that mortgage?

tb

[teaboy]

sdr,
If a bank sold me a $400k mortgage and after 30 years received total mortgage payments of $400k, would you consider them to have made a loss, profit or broken even on that mortgage?

tb

[teaboy]

sdr,
If a bank sold me a $400k mortgage and after 30 years received total mortgage payments of $400k, would you consider them to have made a loss, profit or broken even on that mortgage?

tb

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