How should the US handle its debt?

[The Artist formerly known as Sappho]

Consider my post amended to Yes/No/Dunno.

And if I answered no, you would then want to know why which would be pointless because to your mind I am incapable of debate and addressing the why of a question is to engage debate. Therefore, I would be wise to disengage myself from any debate and not answer your question.

[Jovial Monk]

Let me know when your pathetic dummy spit is over, Quisling.

[Leftwinger]

Good to see you understand that.

If you already understood that, why the fuck did you bring it up, numbnuts?

Because I wasn't sure that you understood it, fuckstick.

[Leftwinger]

I would tell coyote to shut the fuck up, but if he did that he wouldn't be able to answer the questions he still hasn't answered.

[annielaurie]

And somehow I don't think he's a he, but a she ..

[The Artist formerly known as Sappho]

I would tell coyote to shut the fuck up, but if he did that he wouldn't be able to answer the questions he still hasn't answered.

I've answered the question to the best of Monks ability. He set the standard not me. You got a problem with that, take it up with Monk. Ultimately, if you think I haven't answered the question, then clearly the question I asked which precedes his question has not been answered properly either. Let him answer my question first and properly this time.

Moreover, MMT does not reflect the current situation in the US and it is the current situation and not any MMT situation that I thought this topic was about, prior to Monk taking it off topic. MMT does not account for The Fed or a debt ceiling.

Finally, it has been brought to my attention by Monk that I am incapable of debate and so most graciously remove myself from any further debate.

[boxy]

Good to see you understand that.

If you already understood that, why the fuck did you bring it up, numbnuts?

Because I wasn't sure that you understood it, fuckstick.

Do you usually bring up irrelevancies on the off chance that someone doesn't understand them?






The word "obfuscation" comes to mind.

[Rainbow Moonlight]

This morning Mr Obama said agreement has been reached on a deal which would see $US1 trillion in cuts initially, with a super congressional committee to find more savings to lift the federal borrowing limit beyond the 2012 election.

"There are still some very important votes to be taken by member of Congress, but I want to announce that the leaders of both parties in both chambers have reached an agreement that will reduce the deficit and avoid default - a default that would have had a devastating effect on our economy," Mr Obama said in a hastily-arranged White House press conference this morning.

"We're not done yet. I want to urge members of both parties to do the right thing and support this deal with your votes over the next few days."

Key points

* Deal raises debt ceiling by at least $US2.1 trillion
* Spending secure until 2013
* Congress likely to vote on deal Monday (local time)
* $US1 trillion in cuts, super congressional committee to find $1.5 trillion more
* At least $US350 billion cuts in US defence spending over 10 years
* Tokyo shares rose 1.70 per cent and the US dollar briefly rose above 78 yen after announcement
* ASX 200 rises 2 per cent

http://www.abc.net.au/news/2011-08-01/o ... al/2819156