-
Posts
31,112 -
Joined
-
Last visited
Content Type
Gallery
Profiles
Forums
Events
Everything posted by GG
-
Honestly? When you stop calling her a black moron.
-
Robert S. Mueller III Testimony Before Congress
GG replied to Trump_is_Mentally_fit's topic in Politics, Polls, and Pundits
Is that why he went out of his way to clarify Liu's statement at start of Hearing #2? Why aren't Dems hammering him about this if that's the key provision in the report? -
Semantics. The vote was divisive. The results were not.
-
The Wrecking Crew
-
Robert S. Mueller III Testimony Before Congress
GG replied to Trump_is_Mentally_fit's topic in Politics, Polls, and Pundits
Not a lawyer, but the question that nobody wants to answer is that even if Muller was hesitant to charge a sitting President with obstruction, why did he not charge anyone else in his orbit? If there was obstruction, Trump couldn't have done it on his own. -
Robert S. Mueller III Testimony Before Congress
GG replied to Trump_is_Mentally_fit's topic in Politics, Polls, and Pundits
Judging by the responses, they are right. This is not going to end well. -
Robert S. Mueller III Testimony Before Congress
GG replied to Trump_is_Mentally_fit's topic in Politics, Polls, and Pundits
Who still reads newspapers? -
Robert S. Mueller III Testimony Before Congress
GG replied to Trump_is_Mentally_fit's topic in Politics, Polls, and Pundits
Tomorrow? -
Robert S. Mueller III Testimony Before Congress
GG replied to Trump_is_Mentally_fit's topic in Politics, Polls, and Pundits
How can Strzok be in scope but Simpson not? -
Robert S. Mueller III Testimony Before Congress
GG replied to Trump_is_Mentally_fit's topic in Politics, Polls, and Pundits
Say what? Mueller's primary mandate was not obstruction but conspiracy. Thanks for proving that this is a witch hunt. -
Robert S. Mueller III Testimony Before Congress
GG replied to Trump_is_Mentally_fit's topic in Politics, Polls, and Pundits
Why was Manafort's work in Ukraine in 2011 in scope, but the origin of Russian conspiracy not? -
Robert S. Mueller III Testimony Before Congress
GG replied to Trump_is_Mentally_fit's topic in Politics, Polls, and Pundits
That was after he said that collusion is not a colloquialism for conspiracy. Wonder how many outlets will claim that he perjured himself? -
Robert S. Mueller III Testimony Before Congress
GG replied to Trump_is_Mentally_fit's topic in Politics, Polls, and Pundits
Suddenly senility is setting in. -
Robert S. Mueller III Testimony Before Congress
GG replied to Trump_is_Mentally_fit's topic in Politics, Polls, and Pundits
So he can't comment on some issues that occurred a few months before he was appointed SC, but had no problem indicting people for unrelated crimes that occurred years before he was appointed SC. -
Robert S. Mueller III Testimony Before Congress
GG replied to Trump_is_Mentally_fit's topic in Politics, Polls, and Pundits
Nice way to punt on the origins of the investigations. -
Welcome to Buffalo, Maddy Glab!
GG replied to SlimShady'sSpaceForce's topic in The Stadium Wall Archives
Close your eyes and listen side by side. -
Welcome to Buffalo, Maddy Glab!
GG replied to SlimShady'sSpaceForce's topic in The Stadium Wall Archives
She sounds exactly like Kay Adams -
Can Someone Add the 2019 Schedule to the Site? Thanks!
GG replied to Never NEVER Give-up's topic in Off the Wall Archives
Post this on the Customer Service boards -
What in the world are you talking about? Please walk across a hall and take an accounting or finance class. US$ is just a form of currency. People, corporations and states don't have to issue dollars to buy, sell or borrow. A company's stock is a valid form of currency that doesn't rely at all on what the Treasury or the Fed are doing. The corporate bond markets are the same, as is the growing cryptocurrency market. Apple can buy Tesla tomorrow by issuing the EQUIVALENT of $300 billion of new stock tomorrow. Apple wouldn't be deficit spending to buy Tesla. They would either borrow, or create currency out of thin air by issuing new stock that is backed by the future earnings potential of the combined company. The settlement mechanics of banks' reserves have nothing to do with the fundamental analysis of whether an entity has the wherewithal to repay an obligation. What matters more to the markets and individuals, the behind the scene mechanics of title transfers or the ability to obtain the mortgage in the first place. Do we care how Apple creates new treasury stock that is used in the Tesla purchase and how those shares are exchanged for the Tesla shares? No! We just care that Apple just issued $300 billion in new stock. You continue to argue that the mechanics of Fed/bank settlements is the important part, while evidence shows that central bank reserves were a minor reason for stabilizing the financial system. You focus on the financial plumbing that is about 10% of banks' business and are clueless about how the 90% of the business works. Nobody outside federal government spending uses the term deficit spending, because that doesn't describe what they are doing. You provided the definition above, which is what everyone else has to deal with when they do not have enough current resources to pay for what they need. In that sense the government is no different than any other entity anywhere in the world. There is nothing wrong with proper utilization of credit, because very rarely do your resources line up perfectly with the outflows. The problem comes up when you continue to outspend your resources. By calling it deficit spending sweeps the problem under the rug. US government borrowing is constrained by the same market forces that hold other governments' borrowings in check. But the US enjoys structural advantage that no other country can get away with at this point. In short, no matter how dire the US financial position may seem, the alternatives are much worse. That's why there hasn't been the inflationary blowback that the economic models predict. There's no reason though that US won't be subject to the single truism of financial markets - you either have access to credit or you don't. That's the main reason US shouldn't be complacent about its preferred status.
-
I didn't ask for the definition. Deficit spending is a stupid made up term to deflect from what is happening. It's only used when explaining away spending above your immediate resources. You never say that you're deficit spending when you take out a mortgage on your house or buy or lease a car. You borrow the money. You don't deficit spend. Finance people don't care about the deficit as much they do about the source of the deficit. You borrow either against your assets or against your future earnings potential. One is a far better base to keep borrowing over a long term. That's why talking only about the deficit or saying that deficit spending stimulates the economy misses the forest for the trees.
-
Looks like that awful Toyota commercial
-
Deficits don't occur, they are caused. Deficit spending is the stupidest term ever invented. Keynesian policies only work in preventing economic depressions by providing a spending floor. They totally fail when economic growth is needed, as we have witnessed again and again during the 6 Summers of Recovery™️©️