Take a good look where spending leads.

Quote from Tsing Tao:

Ricter is good at thinking several steps ahead in a debate. When he knows he is being backed into a corner, he desperately tries to redirect the argument, or offer cryptic responses. He figures if he can constantly try to ask me the same questions or give me the same responses I give him, I will somehow become confounded or something. This can buy him time in the hopes I'll get tired and leave the thread.

I've noticed that as well. Facts and reality are the equivalent of Kryptonite to Lil' Ricky. He will do/say ANYTHING to avoid them.
 
Quote from Tsing Tao:

Ricter is good at thinking several steps ahead in a debate. When he knows he is being backed into a corner, he desperately tries to redirect the argument, or offer cryptic responses. He figures if he can constantly try to ask me the same questions or give me the same responses I give him, I will somehow become confounded or something. This can buy him time in the hopes I'll get tired and leave the thread.
You do the same. But you don't leave threads because you have to have the last word.
 
Quote from Tsing Tao:

Tell me, where is your micro camera that supposedly saw me do all this?

You can pretend you know what led me to post this all you want. You still haven't argued against the point of it. Debt leads to austerity which leads to rioting. Dispute it! Go on.

And just in case you want to fall back on printing, we can revise: Debt leads to printing which leads to devaluation and inflation and then rioting. Same place, different choice.

Pick a path you want to debate.
We've been in debt for nearly our entire history. Which you don't study, apparently.
 
The more govt interferes and starts spending the more the have separate from the have nots.

ricter's situation is exactly what is wrong with govt spending and inflation.
Those with assets and dynamic or crony favored businesses do well... they might even do better.

Those with savings and/or wages get hammered.
 
Quote from Tsing Tao:

What I am saying is that austerity is coming no matter what.
Austerity, being anti-Keynesian, will be good for us though, right? You should be cheerful, instead you're the opposite.
 
Quote from Tsing Tao:

What I am saying is that austerity is coming no matter what. It makes no difference at this point. Either it shows up directly in spending cuts that cut entitlements we cannot afford, or we do it Ricter's way and print ourselves into oblivion to cover the debt, and our money is worthless and cannot buy the things we need.

Either way, pitchforks and riots come. The BIG watchout is extremism.

Okay, so who will argue that point? We are past the Event Horizon. Everyone who is aware knows this. We should be talking about how to land the plane.
 
Quote from RCG Trader:

Okay, so who will argue that point? We are past the Event Horizon. Everyone who is aware knows this. We should be talking about how to land the plane.
We're already in austerity, by the way. Government spending is coming down, and rising taxes are next. It appears we can manage it, the deficit for 2013 is expected to be $900 billion, a significant improvement. The sensible objections out there are to trying to do too much too quickly.
 
Quote from RCG Trader:

...We should be talking about how to land the plane.

Quote from RCG Trader:
07-14-11 06:34 PM
Took flying lessons many moons ago. Again, it is easier to fly a plane than drive a car....
Quote from RCG Trader:
12-08-11 11:45 AM
have you gone completely insane?

Where did I say I attempted flight training?

So...liar boy. Lets talk about how to "land the plane". LOL
 
Quote from Ricter:

We're already in austerity, by the way. Government spending is coming down, and rising taxes are next. It appears we can manage it, the deficit for 2013 is expected to be $900 billion, a significant improvement. The sensible objections out there are to trying to do too much too quickly.

How much is too much? Not taking sides here. Just wondering how we can land this plane.
 
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