Somalia has a central bank. Dumb.
17 Trillion
- Thread starter squarepush3r
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echelon1k1
New Member
LMAO, it should have been a cake walk for Obama to cut the deficit in half, he tripled it in his first two years.
For the record, when Bush left office the deficient was just over $450billion, five years under Obama it's still over twice as high.
And what surplus are you yapping about? Every year Clinton was President the national debt climbed, that's a fact. Clinton borrowed from social security, government retirement funds and a whole slew of government trust funds, then falsely claimed to balance the budget and end up with a surplus.
Stick to what you know, spelling and taking care of cats are more up your alley!
UncleBuck
Well-Known Member
i took on over a thousand in debt to build my first grow.
can't tell ya how many times that has paid itself back.
anyone with two brain cells with respect to handling money knows debt can be used very well to your advantage.
UncleBuck
Well-Known Member
not a single thing you just said was true. you even got the math on your lies incorrect.
but at least you could work for the GOP as a pollster with a track record like that.
Every bit was accurate, including the remark about your spelling and taking care of felines!
If you have some proof to refute it then spit it up, otherwise get back to spell checking and kitty cats, loser.
Debt is never to your advantage ya halfwit, you're confusing debt with return on investment, get back to spell checking, rookie!
Dr Kynes
Well-Known Member
IF YOU PAY IT BACK!!!
they have no intention of paying off the debt, rather simply charge more shit to a new credit card and try to forget the drawer full of maxxed out ones exists.
arnold got the california debt turned around, after DECADES of idiots (both R's and D's) fucked up the Reagan Surplus and drained the Reagan Rainy Day Fund with profligate spending on bullshit.
and as a reward he was pilloried by the leftist press and the leftist unions.
Dr Kynes
Well-Known Member
no, he is correct, a loan can start a business (including selling weed) but the most important step is PAYING IT BACK.
washington just keeps paying back debts with more borrowed money, going to shadier and shadier loan sharks each time.
we havent had a balanced budget or a surplus since Andrew Jackson was president, and the reason is simple, it's easy to borrow with a whole nation as your collateral, and if you dont pay it back, the politicians wont be the ones forced into bondage when the foreclosure happens.
El Tiberon
Active Member
What does this say for the politicians that you support?
ChesusRice
Well-Known Member
Yet almost all Business small and large uses debt in their day to day business dealings
If you have a job (doubt it) your employer has a line of credit with the bank and pays most of his suppliers net 90.
Dr Kynes
Well-Known Member
And He Fucking Pays It Back!
no business can survive with endless snowballing red ink. if you think it can then you are a retard.
NLXSK1
Well-Known Member
notice how the lines go down towards the end of the clinton years.
notice the source? it is the same one used at the GOP national convention, which you served as head cheerleader for at the time.
Notice how you have to adjust for inflation to get the graph to look like that. A shady statistician using phony data from a shady accountant did that one...
Congrats for buying into it dumbass...
Rob Roy
Well-Known Member
No they use credit. If a normal business is in perpetual debt, they are insolvent and cease to exist. The only thing keeping the USA "solvent" is by increasing their debt and kicking the can down the road. You might want to sell your girly bikes and buy some beans and rice. The gig is nearly up.
Sorry Doc, but no he isn't.
An investment is good for business as long as you have a positive return on that investment, but the debt is seldom to your advantage, unless it offsets taxes which is not what Buckie is trying to allude to.
With all things equal, if I start a business with $1,000 of risk capital and you start up the same business by borrowing the $1,000, you are already in debt and are never able to repay that debt until you have a positive return on the initial money borrowed. So the risk you took from borrowing can be an advantage but the debt you have to repay (plus interest) never is.
Perhaps it's risk you are talking about?
That's too funny, you must have attended the same halfwit school as Bucky.
Correct, business borrow money all the time, many have to just to keep the doors open.
And you are also correct that many suppliers are net 30,60 or 90 but if you borrow money from the bank to pay them, you can bet your ass you're paying interest on the money you borrowed. So you may be leveraging money but the debt you are incurring is not an advantage by any means.
What is the only cause to BK? It's DEBT!
ElfoodStampo
Well-Known Member
WATCH IT PLEASE!!!!!
[video=youtube;-AiuLMalZ40]http://www.youtube.com/watch?v=-AiuLMalZ40[/video]
[video=youtube;-AiuLMalZ40]http://www.youtube.com/watch?v=-AiuLMalZ40[/video]
Awesome video, sad thing is, most on this board will let it go in one ear and out the other.
That's also why most on this board are in debt themselves, "debt can be an advantage"
So I'll take back my claim that debt is almost never to our advantage because it can be, but only if you are the debtee!
I dont think anyone is saying debt in itself is an advantage, but rather that borrowing money and going into debt is often more advantageous in the long run than not borrowing that money.
Dr Kynes
Well-Known Member
now you're bandying semantics.
taking a loan can be used advantageously, but yes, the debt itself is always a liability.
what you do with that borrowed money between the borrowing and the repayment can be quite advantageous.