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#541 (permalink) |
one-balled nipple jockey
Join Date: Dec 2010
Location: Dirty Souf Biatch
Posts: 22,006
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#542 (permalink) |
killedmyraindog
Join Date: Aug 2004
Location: Boston, Massachusetts
Posts: 11,246
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Fine, I lol'd at that. Not proud of it but I did.
Speaking of things I'm not proud of, I have to admit after years of them getting the best concerts, and transplants always sending photos back east from the beach whilst we were getting buried in snow, I take some joy in seeing California be "all passion, no logistics": Newsletter: Does anyone really understand California’s ballot collection law?
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#543 (permalink) | |
Account Disabled
Join Date: Jul 2019
Posts: 4,403
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#544 (permalink) |
...here to hear...
Join Date: Nov 2010
Location: He lives on Love Street
Posts: 4,444
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These days, historical perspectives and hard economic facts don't seem to have much place in electioneering. That's one reason that neither Dems nor GOP are presenting this kind of info to the electorate:-
![]() As with WWII, Coronavirus will be pushing many countries to new national debt peaks. Unfortunately for the US, Trump has already nudged the debt up to WWII levels, and as the graph is dated April 2020, the startling effects of CV bail-outs may be still to come: I imagine that they will show as a vertical line going off the scale, but let's not worry, someone else will be picking up the tab, I suppose.
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"Am I enjoying this moment? I know of it and perhaps that is enough." - Sybille Bedford, 1953 |
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#545 (permalink) |
killedmyraindog
Join Date: Aug 2004
Location: Boston, Massachusetts
Posts: 11,246
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And yet, one of the nations foremost economists says Biden should spend like a drunken sailor
Why Biden Will Need to Spend Big The economic case for deficit spending is overwhelming.
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#546 (permalink) |
one-balled nipple jockey
Join Date: Dec 2010
Location: Dirty Souf Biatch
Posts: 22,006
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I don’t know how literal you’re being but ain’t nothing can’t fail
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#547 (permalink) |
...here to hear...
Join Date: Nov 2010
Location: He lives on Love Street
Posts: 4,444
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Here's a cool graphic that shows the proportion of global debt per country:-
![]() America, naturally is a big chunk, but to see a country's debt vulnerability you have to check its colour with the horizontal scale at the bottom; the countries in bad shape are the yellow ones. They are the ones who can't afford to borrow their way out of the covid economic crisis. Although a little closer to yellow than Britain, the US looks ok at a glance. Of course as we know from personal experience, the significant thing about a debt is how you spent the money. A student loan or a mortgage on a house is with luck a good investment; a debt incurred because you fancied a trip round the world, probably not so much. I wonder what the US and UK have to show for their debts: a solid house, or an album full of faded photos: "Yeah, we had an amazing time!"
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"Am I enjoying this moment? I know of it and perhaps that is enough." - Sybille Bedford, 1953 |
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#548 (permalink) | ||
one-balled nipple jockey
Join Date: Dec 2010
Location: Dirty Souf Biatch
Posts: 22,006
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On a secondary note, wow, Japan is in a ****ing pickle. Third, Americans cannot eat missiles.
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2016 2017 2018 2019 2020 Member of the Year & Journal of the Year Champion Behold the Writing of THE LEGEND: https://www.musicbanter.com/members-...p-lighter.html |
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#549 (permalink) | |
...here to hear...
Join Date: Nov 2010
Location: He lives on Love Street
Posts: 4,444
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And as we started out with national politics as the topic, I bet secure investment wins over vivid experience: What do we want to hear from a local councillor: "We have good infrastructure" or "Wow! We sure had a blast, didn't we?"
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"Am I enjoying this moment? I know of it and perhaps that is enough." - Sybille Bedford, 1953 |
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#550 (permalink) |
SOPHIE FOREVER
Join Date: Aug 2011
Location: East of the Southern North American West
Posts: 35,541
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I'm pretty sure that China's recent infrastructure assistance in Africa is a form of alliance building for when the u.s. debt comes due because they know that the u.s. will fight any payment requests and ensuing sanctions.
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Studies show that when a given norm is changed in the face of the unchanging, the remaining contradictions will parallel the truth. |
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