Results 10,401 to 10,425 of 18218
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04-03-2020, 10:25 AM #10401
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04-03-2020, 10:28 AM #10402
So, you are unable or unwilling to answer my question, so you construct a strawman, eh? Again, Bunny, how can the government mandate cancellation of private debt without paying compensation to the lenders under the 5th Amendment in an amount equal to or greater than the cancelled debt?
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04-03-2020, 10:32 AM #10403
If by some small chance a dem gets into the WH, then the deficits will matter. But right now, it's all about keeping the economy from imploding.
I'm still surprised that market hasn't dropped into the teens again. But maybe folks are not panicking as much this time around?"We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch
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04-03-2020, 10:39 AM #10404Registered User
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- Jan 2005
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- Denver, CO
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- 1,620
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04-03-2020, 10:42 AM #10405
But, deficits don't matter. Well, of course they do if we 're talking about universal health care or educating the poor and middle class, or even now when Pelosi is calling for means testing for Social Security and now these measly little checks everyone is getting in August, but, hey, amazing how deficits hardly matter when both parties fund the military or bail out a horribly run company like Boeing and the entire financial industry. Crazy, huh?
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04-03-2020, 10:43 AM #10406
So, the federal government buys the notes for market value and then forgives the notes? That would be constitutional, but bizarrely expensive and likely politically impossible. Those of us who worked our asses off to get debt free by age ____ would be pretty fucking pissed off paying for debt relief for Bunny's condo or a mag dentist's $80K Audi. Fuck that. Just write checks to poor and unemployed working class people, fer chrissake.
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04-03-2020, 10:46 AM #10407
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04-03-2020, 10:48 AM #10408
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04-03-2020, 10:49 AM #10409
So, to be clear, you favor collecting taxes from working class people to relieve student debt of a guy making $1,000,000 a year on Wall Street? Have you actually thought this out?
Jesus Christ, it's so simple. Write checks directly to poor and unemployed working people.
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04-03-2020, 10:51 AM #10410
Yes I have. It's called working towards the future, instead of being mired in the past. Otherwise, we're fucked. Worked for Germany.
And the children of Wall Street Titans have no debt. C'mon.
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04-03-2020, 10:52 AM #10411
Just google reading some exceptions .. and I'm way out of my lane here, but could it be justified that cancelling private debt (and maybe preventing collapse) is done to protect public health, safety, or welfare, and not a 'taking' - noxious use test?
No way this would fly, just wondering how someone might try.
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04-03-2020, 10:52 AM #10412Registered User
- Join Date
- Jan 2005
- Location
- Denver, CO
- Posts
- 1,620
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04-03-2020, 10:53 AM #10413
Well, if we end up with 5 trillion in stimulus, it’s all irrelevant. The debt will just be too big to reasonably have a functioning economy. It’s just playing with zeros at that point. Might as well do crazy things until the inevitable collapse, perhaps? (Serious/not serious)
Forum Cross Pollinator, gratuitously strident
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04-03-2020, 10:55 AM #10414
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04-03-2020, 10:55 AM #10415
You are conflating fed govt debt and private debt. Private debt resulting from the Toilet Paper Panic of 2020 will be big, although not as big as the aftermath of the 2008 crash, and much of it will be dialed down (secured debt) or eliminated (unsecured debt) through bankruptcy.
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04-03-2020, 10:56 AM #10416
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04-03-2020, 10:58 AM #10417
We are commiting to a tax hike down the road. A VAT is ok for me.
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04-03-2020, 10:59 AM #10418
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04-03-2020, 11:01 AM #10419
Uncle Joe, Mr. Electable, made those bankruptcies much harder to do with his wonderful history of legislation against his beloved working man and woman and devotion to his donors from the credit industry, so, if he is elected, which is a stretch at this point, don't expect him to help. I'd trust Trump more, because he understands buying votes.
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04-03-2020, 11:02 AM #10420
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04-03-2020, 11:02 AM #10421
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04-03-2020, 11:03 AM #10422
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04-03-2020, 11:05 AM #10423
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04-03-2020, 11:09 AM #10424
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04-03-2020, 11:09 AM #10425Registered User
- Join Date
- Oct 2007
- Posts
- 12,609
How ironic is it that what started as a conservative administration with republicans running the senate, house, and white house, will ultimately end up with some of the most socialist actions ever enacted by the US government?
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