Ending the Deficit

Is Buffett correct that limiting reelection will limit the deficit?

  • Yes

    Votes: 5 45.5%

  • No

    Votes: 6 54.5%
  • Total voters
    11
zdreg said:
What is your time horizon?
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I guess foreseeable future is kinda open ended. I know it would be foolish to say the U.S. would never suffer from hyperinflation. Nothing in the future is certain, maybe except for death and taxes. Currently USD, and to a lesser extent, EUR, JPY, AUD, and GBP are all "safe haven" currencies. This would suggest we are unlikely to see hyperinflation in any of these democracies before at least Christmas 2024. Now that you've brought the subject up, however, I have no idea what "foreseeable," in the present context, means.
 
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NoahA said:
It's funny how you think a government having control over the money is good for you.
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Funny or not, that's exactly what I think! I want a democratic Congress or Parliament to control my money! Therefore, I wish the USA had both better public education, and a more democratic process for electing its Congress and President. That's what I think would be really good for me.
 
Noah, You don't remember the 16th Century Dutch Tulip mania, do you? Neither do I. I have only read about it. Precisely the same thinking that made Tulip bulb prices skyrocket in the 16th Century are making bitcoin, or this or that penny stock, skyrocket, or yoyo, today. Be careful young man, I don't want to see you lose a lot of money. Nevertheless, some of our best lessons are also our most painful.
 
piezoe said:
Funny or not, that's exactly what I think! I want a democratic Congress or Parliament to control my money! Therefore, I wish the USA had both better public education, and a more democratic process for electing its Congress and President. That's what I think would be really good for me.
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But you already have Democrats in power and everything is going to shit. Its like seeing the Titanic sinking because it has a hole and thinking a bigger hole will prevent it from sinking. It makes no sense to assume more of the same will make things better if the government has already made everything go to shit.

piezoe said:
Precisely the same thinking that made Tulip bulb prices skyrocket in the 16th Century are making bitcoin, or this or that penny stock, skyrocket, or yoyo, today. Be careful young man, I don't want to see you lose a lot of money. Nevertheless, some of our best lessons are also our most painful.
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If you can't see the huge differences between Bitcoin and the tulip bubble then you will just have to suffer the consequences of government issued fiat. Lucky for you, I think more and more people will see it and the economy will naturally move away from government issued currency and as they say, a tide lifts all boats. But likely you will suffer huge currency debasement before you truly get on board.
 
NoahA said:
At this point, democracy is a sham as well. All it really is is voting in the person who will promise you the most free stuff. Politicians lie just to stay in office.
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It at least seems that way at times. Most likely, like many things, democracy would be most appreciated after it's lost.
 
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Covertibility said:
So if there's a world war the US will have to sit out because the deficit could exceed Buffet's 3% of GDP ?

Politicians are middlemen between the corporations and the electorate. How many of you believe the US is a country and not a business conglomerate masquerading as a country? If you understand what's going on, then there's no need to talk about the debt.
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https://twitter.com/x/status/1806696021952442808


Let me add that the national anthem is just background music.
 
Covertibility said:
https://twitter.com/x/status/1806696021952442808


Let me add that the national anthem is just background music.
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Its interesting the way its all worded about interpretation. What it sounds like to me is that you have a bunch of useless bureaucrats who pass regulations and then because those regulations are so stupid, you need a bunch of bureaucrats to interpret those regulations. There will of course have to be another party to enforce them, once its decided what they are and what they mean, and then yet another government agency to fix all the issues with enforcement. The government spending never ends.... and its all for my protection.. sweet!
 
Too much?

What percent of the population works for the federal government?
At the end of 2022, with 2.87 million federal employees, 1.9% of US workers were employed by the federal government.

Since BLS began measuring the data in 1939, the proportion of all workers employed by the federal government has declined by 1 percentage point. In January 1939, there were 900,000 federal employees, 3.0% of the country’s workers.
 
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