patrick.net

Kevin says

Don’t worry though, economists keep saying that we’re going to grow our way out of the present deficit problems.

What I think they mean by the economy is going to grow it's way of the present deficit problems is money supply is going to drastically increase, so 10 trillion dollars in debt will be less than the cost of a postage stamp. I wonder if money is going to be expressed in Scientific Notation when the room on the bills can no longer fit the dollar amount.

TechGromit says

Kevin says

Don’t worry though, economists keep saying that we’re going to grow our way out of the present deficit problems.

What I think they mean by the economy is going to grow it’s way of the present deficit problems is money supply is going to drastically increase, so 10 trillion dollars in debt will be less than the cost of a postage stamp. I wonder if money is going to be expressed in Scientific Notation when the room on the bills can no longer fit the dollar amount.

They will do what Mexico did when they ran into that problem. Create new currency and divide everything by 1000 or some other large number evenly divisible by 100.

I'll take that 15K if you're so put out by it.

So if the year ends in a stalemate with no action taken......

Deficit will be reduced as unemployment extensions expire and taxes return to pre-Bush levels. WIN!

GOP has talked a lot about the deficit. If they achieve their goal of deficit reduction they should hold plenty of pressers taking full credit. They could just say "go beg for a job hippy!" to the unemployed.

I also hear a lot from certain quarters about Congressional gridlock being a good idea. Again, I hope these people will be crowing VICTORY if they achieve what they say they want. A cynic might say they want work stoppage only when it serves their short-term needs on a particular battle.

I still think Japan is the other alternative. They've been kicking the can for 20 years now.

We may get inflation, but unless you've got productive land or a gold mine it will be stagflation that just turns the screws on you and everyone else in your area.

We certainly picked a fine time to be approaching peak oil, what with our inflationary ways and exporting our earning power to the 2.5 billion people of China and India who too want an American standard of living.

There's simply not enough oil to go around, it's going to be going to the highest bidders. $10 gas is in our future, dunno what that's going to do to the economy other than completely slaughter it.

Ashleigh Brilliant said it best, "I don't have any solution but I certainly admire the problem"

Tenouncetrout says

I’ll take that 15K if you’re so put out by it.

:-) haha, okay T, that was funny. Its all in the timing...

However, I have to say: Times are weird, I agree.

But has it ever been otherwise? Are these days so different from the past? They seem to be to me - I suspect that the amount of manipulation that we are subject to today is unprecedented - but I've kind of 'come of age' politically and economically in these weird and seemingly dark days, so I wonder about context, historically...

I do always try to remember that the 'future' is impossible to see, but hey, thats always been the case, so was this 'feeling of uncertainty' that most you (and I) currently seem to express always the case in years past? I mean, what was it like to invest or to plan to buy a home in the 70s? Right now home buying and investment is a minefield for me & my family and I'm so shockingly untrustful of the current 'apparent' (thats a big word in this context) market and... it weird. So I just wonder where others are "at" at this point in relation to how they've experienced shifts in the past decades..

This article:
http://www.marketwatch.com/story/10-reasons-to-shun-stocks-till-banks-crash-2010-12-07?pagenumber=2

and this article:
http://www.escapefromamerica.com/2010/06/escape-from-america-the-grim-truth/?source=patrick.net

are helping to wig me out lately... I mean, in the opinion of this erudite crowd, where are we exactly?

kentm says

are helping to wig me out lately… I mean, in the opinion of this erudite crowd, where are we exactly?

A blend of 1994 and 1930.

Vicente says

So if the year ends in a stalemate with no action taken……

Deficit will be reduced as unemployment extensions expire and taxes return to pre-Bush levels. WIN!

The republican shill David Brooks suggested on PBS Newshour today that it is better for the dems to take the deal now than to wait for the reps to have a majority in January.

Of course, when a rep shill says something is a good deal for the dems, you just know it can't be true. So what is his agenda? To be able to blame the dems later?

Evite from: The Bush Tax Cut Club
To: Kevin

Welcome! Membership HAS its privileges as you have pointed out. Many of our members utilize their benefits in the same ways you discuss. However, we ALSO wanted to remind you that with $1 USD = $.76 Euro, extending membership in the Bush Tax Cut Club does make continued travel abroad more palatable. We don't want to miss Paris in the Spring. Ta Ta for now!