War in Ukraine

[tvolsfan]

Chomsky to Russian apologist rescue. LOL

So glad he’s finally being ridiculed.

 

[Septic]

Why is Israel still attacking a sovereign nation?

Are you suggesting that shouldn't happen?

 

[NorthDallas40]

Are you suggesting that shouldn't happen?

To be fair he likely has no idea what he’s suggesting. He just knows he must deflect attention from his Russian homies.

 

[DonjoVol]

Chomsky to Russian apologist rescue. LOL

Chomsky is nuts. This is the same guy who said the unvaccinated should separate themselves from society.

 

[Vol737]

Ummm... who's "they"?

Every President / Congress since we last had a budget surplus under Clinton?

Yes. They are part of “they”, but only a small part. The bigger part is the machine that is DC and all that encompasses.

 

[MontyPython]

Yes. They are part of “they”, but only a small part. The bigger part is the machine that is DC and all that encompasses.

Heh. Congress passes budgets. People elect Congress. Thus, this is the will of the people.

Don't worry. We'll never repay the federal debt.

 

[Vol737]

Heh. Congress passes budgets. People elect Congress. Thus, this is the will of the people.

Don't worry. We'll never repay the federal debt.

Oh, I’m fully aware of that. And it won’t stop growing either, which becomes a huge problem. I’ve said for a while, it’s our fault to a large extent. Don’t know if it’s the will of the people as much as it is our laziness for continuing to vote the same people on time and time again. In the absence of term limits, we either impose our own or continue down this road. I think “they” like the conundrum the people are in.

 

[DonjoVol]

Heh. Congress passes budgets. People elect Congress. Thus, this is the will of the people.

Don't worry. We'll never repay the federal debt.

It's not the will of all the people. But you're right we will never pay off the current federal debt.

 

[MontyPython]

It's not the will of all the people. But you're right we will never pay off the current federal debt.

Debt is not bad. Our current level is not excessive.

When economists start crying foul, we're in too much.

For now, we good.

 

[Rasputin_Vol]

Debt is not bad. Our current level is not excessive.

When economists start crying foul, we're in too much.

For now, we good.

WTF are you talking about? The debt is over 150% of GDP. That's banana republic levels.

 

[Rasputin_Vol]

It's not the will of all the people. But you're right we will never pay off the current federal debt.

Nor should we pay it back.

 

[Vol737]

Debt is not bad. Our current level is not excessive.

When economists start crying foul, we're in too much.

For now, we good.

Gotta disagree. Our debt/gdp ration is around 136%. Well past the dangerous level.

 

[Vol737]

Nor should we pay it back.

We should pay a large portion of it down as debts/deficits are inflationary. My contention is that the fed can do whatever it wants, but this level of debt will render interest rate increases moot.

 

[EasternVol]

You tell me. NATO is doing all they can to arm the Ukrainians.

You asked why Europe does not go to war with Russia. I asked what justification exists for them to do so.

 

[EasternVol]

Debt is not bad. Our current level is not excessive.

When economists start crying foul, we're in too much.

For now, we good.

Debt is not in itself bad. it can be ok if incurred for things beneficial to society and to the economy. But every dollar we pay to service debt is a dollar we can't spend on such things today. Our current debt level is far past the alarm level.

 

[evillawyer]

Life comes at you fast

 

[MontyPython]

Gotta disagree. Our debt/gdp ration is around 136%. Well past the dangerous level.

So if you view debt solely through the prism of its nominal value ($20+ trillion), yeah it's scary and seems excessive. But when viewed in relation to how you - as an individual consumer - manage your own debt, it's not scary at all.

Case in point: home mortgages. By allowing you to have significant debt, mortgages enable you to afford a far better home (and effectively a higher standard of living) than the home you could afford if you had to pay for a home in cash.

How does your personal debt compare to the fed government? A good rule of thumb is that the maximum cost of your house should be no more than 2.5 to 3 times your total annual income.

This means your personal debt ratio (debt/income) would be 250-300%. And this excludes debt like your car loan and whatever other stuff you might have on credit. So a 300% debt ratio is common for many individuals. How can we be critical of our government about its debt, when we maintain over 2x as much debt as individuals? Hypocrisy incarnate.

Thus, compared to our Fed's debt at 134%, our personal financial decisions (and resultant debt) are actually far more risky. But with this debt, we all get a higher standard of living.

So, yeah, our current fed debt is not excessive.

 

[allvol123]

So if you view debt solely through the prism of its nominal value ($20+ trillion), yeah it's scary and seems excessive. But when viewed in relation to how you - as an individual consumer - manage your own debt, it's not scary at all.

Case in point: home mortgages. By allowing you to have significant debt, mortgages enable you to afford a far better home (and effectively a higher standard of living) than the home you could afford if you had to pay for a home in cash.

How does your personal debt compare to the fed government? A good rule of thumb is that the maximum cost of your house should be no more than 2.5 to 3 times your total annual income.

This means your personal debt ratio (debt/income) would be 250-300%. And this excludes debt like your car loan and whatever other stuff you might have on credit. So a 300% debt ratio is common for many individuals. How can we be critical of our government about its debt, when we maintain over 2x as much debt as individuals? Hypocrisy incarnate.

Thus, compared to our Fed's debt at 134%, our personal financial decisions (and resultant debt) are actually far more risky. But with this debt, we all get a higher standard of living.

So, yeah, our current fed debt is not excessive.

My personal debt ratio improves every year, it doesn’t get worse.

 

[LouderVol]

Britain and the US won't allow them to sue for peace.

How would we stop them?

Withhold funding or weapons for the war they dont want?
Withhold aid after the war, so instead they keep fighting ensuring they need more aid?
Is there some sort of dead Russian quota they have to hit for the US to maintain shady business deals that was never required before?
With hold membership to NATO? I thought Ukraine didnt want that anyway. And even this doesnt make sense because NATO wont bring in a new member actively at war, so continuing the fight is counterproductive.

There is no logical way for us to keep them at war.

 

[utvolpj]

My personal debt ratio improves every year, it doesn’t get worse.

So if you view debt solely through the prism of its nominal value ($20+ trillion), yeah it's scary and seems excessive. But when viewed in relation to how you - as an individual consumer - manage your own debt, it's not scary at all.

Case in point: home mortgages. By allowing you to have significant debt, mortgages enable you to afford a far better home (and effectively a higher standard of living) than the home you could afford if you had to pay for a home in cash.

How does your personal debt compare to the fed government? A good rule of thumb is that the maximum cost of your house should be no more than 2.5 to 3 times your total annual income.

This means your personal debt ratio (debt/income) would be 250-300%. And this excludes debt like your car loan and whatever other stuff you might have on credit. So a 300% debt ratio is common for many individuals. How can we be critical of our government about its debt, when we maintain over 2x as much debt as individuals? Hypocrisy incarnate.

Thus, compared to our Fed's debt at 134%, our personal financial decisions (and resultant debt) are actually far more risky. But with this debt, we all get a higher standard of living.

So, yeah, our current fed debt is not excessive.

If your comparison is correct we should pay all this off every 30yrs or so right?

This is complete nonsense. If I ran my household like the fed govt I'd be bankrupt and in jail.

 

[Orangeburst]

If your comparison is correct we should pay all this off every 30yrs or so right?

This is complete nonsense. If I ran my household like the fed govt I'd be bankrupt and in jail.

When 25% of your income just pays the interest yea not healthy at all

 

[LouderVol]

So if you view debt solely through the prism of its nominal value ($20+ trillion), yeah it's scary and seems excessive. But when viewed in relation to how you - as an individual consumer - manage your own debt, it's not scary at all.

Case in point: home mortgages. By allowing you to have significant debt, mortgages enable you to afford a far better home (and effectively a higher standard of living) than the home you could afford if you had to pay for a home in cash.

How does your personal debt compare to the fed government? A good rule of thumb is that the maximum cost of your house should be no more than 2.5 to 3 times your total annual income.

This means your personal debt ratio (debt/income) would be 250-300%. And this excludes debt like your car loan and whatever other stuff you might have on credit. So a 300% debt ratio is common for many individuals. How can we be critical of our government about its debt, when we maintain over 2x as much debt as individuals? Hypocrisy incarnate.

Thus, compared to our Fed's debt at 134%, our personal financial decisions (and resultant debt) are actually far more risky. But with this debt, we all get a higher standard of living.

So, yeah, our current fed debt is not excessive.

Uh. Except the mortgage holder typically isnt going to let you keep adding to your debt. They want it paid off. We are doubling our mortgage every ten years without ever touching the principal of the loan.

And I would argue a crap ton of our national mortgage is not being spent on tangible assets that increase in value or things that add to the QOL or our ability to pay off the debt in the future. Pretty every single bit of our spending has zero or negative ROI.

 

[Rocky_Top_Vol13]

 

[MontyPython]

If your comparison is correct we should pay all this off every 30yrs or so right?

This is complete nonsense. If I ran my household like the fed govt I'd be bankrupt and in jail.

Yet here we are... the sole superpower standing.

Again, economists largely disagree with you, so I trust them over you when it comes to a nation's fiscal policy.

 

[MontyPython]

If your comparison is correct we should pay all this off every 30yrs or so right?

This is complete nonsense. If I ran my household like the fed govt I'd be bankrupt and in jail.

Yet here we are... the sole superpower standing.

Again, economists largely disagree with you, so I trust them over you when it comes to a nation's fiscal policy.