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I just love this country so much that I want everyone to know how awesome it is. Sure we broke away from the English in 1776, but we sure showed them. We had our problems during the Civil War, but we resolved that problem shortly there after. Republican, democrat, independant, green party, tea party, whatever your political stance, I love this country so damn much and think everyone can agree that the United States is the best country on the face of the earth despite our differences.

Capitalsim, democracy, freedom, fireworks, firearms, achohol, and whatever else floats you boat, this is just plain great. If you have a problem with our nation you can call 1-800-FUCK-YOU. Maybe WSO should ban drunk forum titles, but this sure seems likke a good idea right now.

FYI - I have never left America and never plan on doing so.

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Comments (70)

  • Tard's picture
  • rafiki's picture

    The spam filter usually reminds me I shouldn't be posting after the firewater.

    But I too love America.

  • censem's picture

    i wish i can go to america someday

    smile everyday~

  • LikeToKnow's picture

    Yo redneck.

    Great that you love America. Know that you are hated by at least 1/4 of the world, and despised by the other 1/4.

    I lived in America for years, and is still working for an American firm. BUT it is not that great! It has its perks, and i love NY, but no where near GREAT.

    You really need to go out and see the world, open your eyes to other cultures.

    ignorance is not a blessing, it is just PC word for STUPID.

    BTW... i bet you voted for Sarah Palin! Are you Joe the Plumber?

  • In reply to LikeToKnow
    happypantsmcgee's picture

    LikeToKnow:
    Know that you are hated by at least 1/4 of the world, and despised by the other 1/4.

    Sucks to be hated by people that can't do math...the 'other' quarter? I think you meant to say the other half which, when expressed as a fraction would be 1/2...

    If I had asked people what they wanted, they would have said faster horses - Henry Ford

  • In reply to LikeToKnow
    drexelalum11's picture

    LikeToKnow:
    I lived in America for years, and is still working for an American firm. BUT it is not that great! It has its perks, and i love NY, but no where near GREAT.

    You really need to go out and see the world, open your eyes to other cultures.

    ignorance is not a blessing, it is just PC word for STUPID.

    *am still working for

    *nowhere near

    *a PC word

  • TNA's picture

    I love America and I fail to see how that would make you a redneck. There are many beautiful places in the world and many great countries, but none that I would want to be a citizen of other than this country.

    To the poster who works here and lives here, but derides the USA, why not work elsewhere? You are obviously not a US citizen. You can go anywhere you please. If you are working for a bank there are plenty of locations globally. You enjoy the fruits, but condemn the tree. Get fucking real.

    Europeans love to give us shit, but I know deep down they love the USA. They simply must considering the large bill of good favor we still have with them. I consider saving the continent through 3 world wars (WWI, WWII, Cold War) as well as rebuilding them after WWII enough goodwill for a long time to come.

    The Middle East probably dislikes us the most. They also have no freedom so it is hard for them to understand what truly makes this country great. I hope one day the ME becomes democratic with tolerance and peace.

    China has always had good relations with the USA. I could see no reason why they would hate us considering we buy all of their shit.

    India loves us.

    Mexico loves us.

    Africa (all the countries which comprise it) just wish we would do more for it. All in good time.

    Etc

  • ke18sb's picture

    Having lived in europe as well as developing countries for extended periods of time I truly believe america is the best. Is it perfect, by all means no. But its definitely the best option with the most opportunities. In almost no other country in the world can you go from poor to rich in a single generation.

  • Midas Mulligan Magoo's picture

    A wise old friend once told me that there are two things you can do to make a person DESPISE you:

    1) you can see them for who they truly are and not for who they appear to be

    2) you can help them in a situation where they cannot help themselves

    If you think about it both factors imply "you" having a level of superiority and dominance over this "person".

    For those who know the actual history of the world over the past 100 years instead of...oh, let's say what they've seen on CNN over the past 7 or 8...it is very obvious who the "you" in this analogy is.

    Without America the vast majority of the world would be enslaved today. Not only by Fascists and Socialists but by the primitive lifestyles afforded by those dogmas. It is precisely because of America that fuckfaceitis afflicted shitheads like our hater friend above are even able to espouse their deadbeat ideals.

    After all, America has seen them for who they are and helped them in spite of it, how can these miserable little gnats not buzz around hating her?

  • In reply to TNA
    drexelalum11's picture

    Anthony .:
    Europeans love to give us shit, but I know deep down they love the USA. They simply must considering the large bill of good favor we still have with them. I consider saving the continent through 3 world wars (WWI, WWII, Cold War) as well as rebuilding them after WWII enough goodwill for a long time to come.

    So true - every European I know will, generally after having a bit too much to drink, inevitably admit how much they wish they were American.

  • monkeysama's picture

    America fuck yeah!

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  • moranges's picture

    All the European tap water I've had sucks. +1 USA

    "Despite a voluminous and often fervent literature on 'income distribution', the cold fact is that most income is not distributed: it is earned."
    -Thomas Sowell

  • Anonymous1's picture

    I was talking to this Australian guy and he was going on about how capitalism is the devil and blah, blah, blah..

    He was very well educated on the state of the U.S. economy, recent federal policy and American current events in general. I quickly realized that I didn't know SHIT about Australia, except that some crocodile dude finally got did in. Apparently his accent pissed off the wrong stingray. Never did like him much to begin with.

    anywho,...

    Foreigners who hate the U.S., follow the U.S., but we don't reciprocate. So who's the big fuckin' loser in all this?

  • In reply to Anonymous1
    happypantsmcgee's picture

    Anonymous1:
    I was talking to this Australian guy and he was going on about how capitalism is the devil and blah, blah, blah..

    He was very well educated on the state of the U.S. economy, recent federal policy and American current events in general. I quickly realized that I didn't know SHIT about Australia, except that some crocodile dude finally got did in. Apparently his accent pissed off the wrong stingray. Never did like him much to begin with.

    anywho,...

    Foreigners who hate the U.S., follow the U.S., but we don't reciprocate. So who's the big fuckin' loser in all this?

    You know why he knew so much about the US? Because he fucking has to. I'm not usually one to shit on other countries indiscriminately (ok that might be a lie) but the harsh reality is, he knew a lot about the US because its relevant. I don't know who the Prime Minister of Nicaragua is and you know why, because it has no effect on me whatsoever, if it did I might google it. The point is, the US economy is like a giant, mouth breathing gorilla in a room full of spider monkeys. When that big giant bastard starts moving, you better pay attention because whatever he does is doing to have an effect on you.

    Now before my favorite cast of whiny bitch characters here swoops in and starts telling me about how I'm the reason everyone hates America, I'll say that being informed about current events around the world is vital but that doesn't mean you need to know, to the same degree of specificity, the aspects of every country's economy on earth as you do the major players. Be easy...

    If I had asked people what they wanted, they would have said faster horses - Henry Ford

  • In reply to LikeToKnow
    Eric Stratton's picture

    LikeToKnow:
    Yo redneck.

    Great that you love America. Know that you are hated by at least 1/4 of the world, and despised by the other 1/4.

    I lived in America for years, and is still working for an American firm. BUT it is not that great! It has its perks, and i love NY, but no where near GREAT.

    You really need to go out and see the world, open your eyes to other cultures.

    ignorance is not a blessing, it is just PC word for STUPID.

    BTW... i bet you voted for Sarah Palin! Are you Joe the Plumber?

    Yo douchenozzle. STFU.

    Go catch a bus with your face, faggot.

    ---------------------
    "Well, you can do whatever you want to us, but we're not going to sit here and listen to you badmouth the United States of America."

  • blastoise's picture

    why won't the usa have to default on its debt sentate and house are in total chaos no one wants to cut ssi and we are going to lower taxes.... face it america will have to default

  • In reply to blastoise
    drexelalum11's picture

    blastoise:
    why won't the usa have to default on its debt sentate and house are in total chaos no one wants to cut ssi and we are going to lower taxes.... face it america will have to default

    Because you're an idiot. The US will never default. This thread is about how much you love America, if you don't want to discuss that topic you can GTFO.

  • In reply to drexelalum11
    blastoise's picture

    drexelalum11:
    blastoise:
    why won't the usa have to default on its debt sentate and house are in total chaos no one wants to cut ssi and we are going to lower taxes.... face it america will have to default

    Because you're an idiot. The US will never default. This thread is about how much you love America, if you don't want to discuss that topic you can GTFO.

    but the fact is it HAS to default of risk further devaluation look man i like america to but you have eo look at the facts don't let emotions get in the way of your trading

    13 trillion debt
    incompetent senate
    incompetent house
    incompetent president
    2 wars
    immigrants
    uncontrolled spending
    garbage education (education =< 12th)
    slowly losing world dominance
    SS crisis
    no debt control solution
    recent horrible auctions
    warned by rating agency's if they do not act debt will be down grade (higher cost to borrow)
    big job loss with unemployment not budging
    companies are growing via M&A not organic growth
    crippling infrastructure ($$)
    losing the faith of creditors

    but hey at least america is number one in the world and can just nuke those hoes if they get out of there place right?

    gtfo and come back when you want a real debate you pannsie bitch

  • TNA's picture

    http://pragcap.com/us-default

    Read Blasto

    "Let's get this straight. The United States government CANNOT default on its obligations without some sort of mental lapse from Congress (the trade here, short sovereign US CDS every time it spikes). The government is the sole supplier of the sovereign currency. The government has a monopoly on money & carries NO foreign currency denominated debt. If they have fiscal problems they simply print more. They press a button on a computer and magic money appears in an account. That's literally how it works. The US government is not a household or a state. They are not Greece who does not print their own currency. It's ENTIRELY different."

  • In reply to TNA
    blastoise's picture

    Anthony .:
    http://pragcap.com/us-default

    Read Blasto

    "Let's get this straight. The United States government CANNOT default on its obligations without some sort of mental lapse from Congress (the trade here, short sovereign US CDS every time it spikes). The government is the sole supplier of the sovereign currency. The government has a monopoly on money & carries NO foreign currency denominated debt. If they have fiscal problems they simply print more. They press a button on a computer and magic money appears in an account. That's literally how it works. The US government is not a household or a state. They are not Greece who does not print their own currency. It's ENTIRELY different."

    ok they why do people by swaps on the debt if it can't default are they just wasting there money? also, the us govt can't print money the fed prints money for monetary policy not fiscal policy the only way usa can get money is thru taxes

  • blastoise's picture

    usa gets money by asking fed for a loan the fed doesn't have to give a, anthony you just got owned by a poster named after a pokemon

  • In reply to TNA
    blastoise's picture

    Anthony .:
    The Treasury prints money my friend, not the fed.

    China owns Treasury securities bro, not fed securities.
    http://www.slate.com/id/1007348/

    Read what the Fed does and does not do.

    ok so explain swaps on debt if it can't default are you telling hedge funds who buy this shit are stupid ?

  • TNA's picture

    What the fuck are you talking about?

    Goldman has CDS on US Govt debt, but it is miniscule.

    Are you talking pure theory or what is most likely dude?

  • blastoise's picture

    buying swaps on underlying means the underlying can default

  • In reply to blastoise
    drexelalum11's picture

    blastoise:
    13 trillion debt

    A nominal number, significantly below its peak as a percent of GDP.

    blastoise:
    incompetent senate

    You mean the greatest deliberative body in the history of mankind? The only legislative body that actually has a real set of checks and balances, one of the only legislative bodies in the world that doesn't blindly follow the will of the party in power? Is that the incompetent body you're referring to? Because you're quite simply wrong. The US senate has always been and will always be the most august legislative body in the world, and I'm fairly confident in their competency.

    blastoise:
    incompetent house

    Vox populi vox dei

    blastoise:
    incompetent president

    Disagreeing with someone does not make them incompetent. Obama passed healthcare reform, and as shitty a bill as it may have been, it was the signature issue of the Democratic party for the last thirty-odd years, so I'd say his getting it through is evidence that he belongs at the grown-ups table.

    blastoise:
    2 wars

    The US has never lost a war, we're not about to lose one now, and spending on discretionary wars is not going to drive us in to bankruptcy

    blastoise:
    immigrants

    Are you serious? Immigrants are what made America great. I'm sure your parents came over on the Mayflower, and that you feel uncomfortable talking to people whose ancestors did not make it here before 1776, but it is those immigrants who have won countless wars for us, those immigrants who keep the inventive spirit of America alive, those immigrants who clean up the shit you don't want to deal with, and those immigrants who make sure that everyone in America really is the cream of the crop. Please, a bit less with the xenophobia

    blastoise:
    uncontrolled spending

    Do you mean countercyclical spending and Keynesian stimulus? I've never heard of a country going bankrupt because of either - I have heard of both expanding GDP, which leads to an increase in tax revenues and a decline in debt pressures. Or do you think that if you check enough boxes on Rep. Cantor's website, we can fix this problem once and for all.

    blastoise:
    garbage education (education =< 12th)

    12/192 is not garbage, and if you look at the new HDI tables, we are 4th, a ranking attributed to our excellent performance in education, where a revision of the methodology away from literacy has given the US credit for excellent performance in post-secondary education.

    blastoise:
    slowly losing world dominance

    Firstly, irrelevant to sovereign default. Secondly, see my above comments on immigration for why this will never happen. When Britain supposedly fell in to decline post-WWII, immigrants hadn't been going there for a hundred years. As long as the best in the world know that America is where they want to be, we'll stay on top. If xenophobes like you succeed in chasing them away, I might worry.

    blastoise:
    SS crisis

    Hypothetically, in 27 years. I'm confident that we can sort it out by then, and we are not going to go bankrupt because of retirement payments, because people like me love America too much to let that happen.

    blastoise:
    no debt control solution

    I don't know what this means.

    blastoise:
    recent horrible auctions

    Are those the ones where we sold negative yield bonds three weeks ago?

    blastoise:
    warned by rating agency's if they do not act debt will be down grade (higher cost to borrow)

    Are you implying that debt investors are going to run towards AAA rated MSFT rather than US treasuries, were S&P to downgrade the government? That just shows a basic failure to understand economics - what exactly do you think happens to those US DOLLAR DENOMINATED corporate bonds if the US government goes in to financial distress? What do you think the effect on businesses would be of a US bankruptcy? Your logic completely fails here.

    blastoise:
    big job loss with unemployment not budging

    Structural unemployment is not going to bankrupt America, especially considering that the long-term unemployed gradually will lose eligibility for benefits, driving down government spending.

    blastoise:
    companies are growing via M&A not organic growth

    Firstly, this is not true. Secondly, it is irrelevant to the question of sovereign default.

    blastoise:
    crippling infrastructure ($$)

    Are you implying that potholes are going to bankrupt America? Or that deteriorating infrastructure is going to somehow have such a significant effect on GDP that tax revenues will spiral uncontrollably downward, driving the US in to bankruptcy? US infrastructure is still very, very good - it just needs to be better, but these is a big difference between needing to be better and the sack of Rome

    blastoise:
    losing the faith of creditors

    Yes, those ~0.1% yields really show how much creditors are losing faith in the US government

  • blastoise's picture

    ~~PREPARE FOR LONG POST ~~

  • TNA's picture

    Whoa

    I have had a 180. Drexel is the shit.

    Blasto, that is what being owned feels like. Told you it was going to happen.

  • GoodBread's picture

    It's funny, but Europeans love the US for the small stuff, like Coca-Cola, McDonalds and Hollywood. I remember being at some US airport one day when these two French dudes, who were clearly stateside for the first time, were rushing to find a McDonalds to see what a Big Mac tastes like over here (oddly enough, they're better overseas). While Europeans are grateful for WW2, they secretly love the US for its NYC/Hollywood culture and not current economic or foreign policies.

  • TNA's picture

    Maybe in France McDonald's tastes better, but in the UK it tastes like shit.

    I think hate it probably the wrong word. Very few countries hate us. Most probably dislike what we do, but then again, we dislike China not floating its currency more. Doesn't mean I hate Chinese or China.

  • In reply to drexelalum11
    blastoise's picture

    drexelalum11:
    blastoise:
    13 trillion debt

    A nominal number, significantly below its peak as a percent of GDP.

    ////////~ aprox 125% in 1940's << just got out of an world war + didn't have states about to bankrupt + 2 wars + job growth vs almost 100% in 2010 << currently in war/bailed out banks + auto industry/will have to bail out pension/ states+ prox 10% unemployment + possibly more tax decreases + possible debt downgrade +possible deflation ~....looke at the super powers in 1940 vs 2010 diffrent world/////////

    blastoise:
    incompetent senate

    You mean the greatest deliberative body in the history of mankind? The only legislative body that actually has a real set of checks and balances, one of the only legislative bodies in the world that doesn't blindly follow the will of the party in power? Is that the incompetent body you're referring to? Because you're quite simply wrong. The US senate has always been and will always be the most august legislative body in the world, and I'm fairly confident in their competency.
    //////~ Lol, this is the 21st century leave the 20th to rest ~////

    blastoise:
    incompetent house

    ////~ Lol did guam ever tip over?~////

    blastoise:
    incompetent president

    Disagreeing with someone does not make them incompetent. Obama passed healthcare reform, and as shitty a bill as it may have been, it was the signature issue of the Democratic party for the last thirty-odd years, so I'd say his getting it through is evidence that he belongs at the grown-ups table.
    ////~ thats great the presidant will do not what the country wants but what his party wantsbut he isn't incompetent kk ~////

    blastoise:
    2 wars

    The US has never lost a war, we're not about to lose one now, and spending on discretionary wars is not going to drive us in to bankruptcy

    ////~ but in combination with the other thing will which is what i'm saying will happen if us dosen't do something~////

    blastoise:
    immigrants

    Are you serious? Immigrants are what made America great. I'm sure your parents came over on the Mayflower, and that you feel uncomfortable talking to people whose ancestors did not make it here before 1776, but it is those immigrants who have won countless wars for us, those immigrants who keep the inventive spirit of America alive, those immigrants who clean up the shit you don't want to deal with, and those immigrants who make sure that everyone in America really is the cream of the crop. Please, a bit less with the xenophobia
    ///~ immigrants = greater cost exhibit A ----> california ~///

    blastoise:
    uncontrolled spending

    Do you mean countercyclical spending and Keynesian stimulus? I've never heard of a country going bankrupt because of either - I have heard of both expanding GDP, which leads to an increase in tax revenues and a decline in debt pressures. Or do you think that if you check enough boxes on Rep. Cantor's website, we can fix this problem once and for all.

    ///~ LOL riiiight tax revenue will increase faster then debt hahahahah ~///

    blastoise:
    garbage education (education =< 12th)

    12/192 is not garbage, and if you look at the new HDI tables, we are 4th, a ranking attributed to our excellent performance in education, where a revision of the methodology away from literacy has given the US credit for excellent performance in post-secondary education.
    ///~ hahahaha HDI hahaha~////

    blastoise:
    slowly losing world dominance

    Firstly, irrelevant to sovereign default. Secondly, see my above comments on immigration for why this will never happen. When Britain supposedly fell in to decline post-WWII, immigrants hadn't been going there for a hundred years. As long as the best in the world know that America is where they want to be, we'll stay on top. If xenophobes like you succeed in chasing them away, I might worry.
    ///~ wrong it isn't irrelevant to soverign default, the more influence a country has the less it debt costs Ceteris paribus ~ ////

    blastoise:
    SS crisis

    Hypothetically, in 27 years. I'm confident that we can sort it out by then, and we are not going to go bankrupt because of retirement payments, because people like me love America too much to let that happen.
    ///~maybe~ ///

    blastoise:
    no debt control solution

    I don't know what this means.

    blastoise:
    recent horrible auctions

    Are those the ones where we sold negative yield bonds three weeks ago?
    ///~ ask yourself what yield and type were they~///

    blastoise:
    warned by rating agency's if they do not act debt will be down grade (higher cost to borrow)

    Are you implying that debt investors are going to run towards AAA rated MSFT rather than US treasuries, were S&P to downgrade the government? That just shows a basic failure to understand economics - what exactly do you think happens to those US DOLLAR DENOMINATED corporate bonds if the US government goes in to financial distress? What do you think the effect on businesses would be of a US bankruptcy? Your logic completely fails here.
    //~ no i'm implying cost of borrowing will go up higher interest hence the death spiral ...you are putting words in my mouth then telling me why im wrong .... also this is no longer a one country market corporations are expanding to other nations ~//

    blastoise:
    big job loss with unemployment not budging

    Structural unemployment is not going to bankrupt America, especially considering that the long-term unemployed gradually will lose eligibility for benefits, driving down government spending.
    ///~kk if you say it is just structural ~//

    blastoise:
    companies are growing via M&A not organic growth

    Firstly, this is not true. Secondly, it is irrelevant to the question of sovereign default.
    //~ lol if you say so~//

    blastoise:
    crippling infrastructure ($$)

    Are you implying that potholes are going to bankrupt America? Or that deteriorating infrastructure is going to somehow have such a significant effect on GDP that tax revenues will spiral uncontrollably downward, driving the US in to bankruptcy? US infrastructure is still very, very good - it just needs to be better, but these is a big difference between needing to be better and the sack of Rome
    //~ little things add up, and this mentality is why we are in this mess in the first place ~//

    blastoise:
    losing the faith of creditors

    Yes, those ~0.1% yields really show how much creditors are losing faith in the US government
    //~ hahaha this is so fucking stupid what ever you say~//

    and this is why america will default all your arguments were short term not long term you offered no evidence that us will control it's debt

    In conclusion you drexel are a perfect example of why we are all dead in long run.

  • In reply to TNA
    blastoise's picture

    Anthony .:
    Whoa

    I have had a 180. Drexel is the shit.

    Blasto, that is what being owned feels like. Told you it was going to happen.

    how does it feel to be wrong now ?

  • blastoise's picture

    drexel u must respond plz <3 <3 <3 <3

    and anthonyz i'm waiting for you to explain why if usa can't default ppl sell swaps on t bills

  • roguemonkey's picture

    I generally like America but if I dislike sth. about it, it is it's people always believing that they and their country are best in every aspect of life.

  • In reply to blastoise
    drexelalum11's picture

    blastoise:
    ////////~ aprox 125% in 1940's << just got out of an world war + didn't have states about to bankrupt + 2 wars + job growth vs almost 100% in 2010 << currently in war/bailed out banks + auto industry/will have to bail out pension/ states+ prox 10% unemployment + possibly more tax decreases + possible debt downgrade +possible deflation ~....looke at the super powers in 1940 vs 2010 diffrent world/////////

    At the end of WWII, the US bailed out all of Europe, began a war with Russia that lasted 40 years, and paid for an entire generation to go to college.

    blastoise:
    //////~ Lol, this is the 21st century leave the 20th to rest ~////

    You know why the 20th century is still relevant? Because when Senators show up and do their job, they are not just doing it because they love America, they are doing it because of Senate tradition; they might fight duels in the House, but Senators believe in getting things done and in living up to the reputation left by their predecessors. You can not argue that all of my arguments are short-term, and then claim that history does not matter.

    blastoise:
    ////~ Lol did guam ever tip over?~////

    The House has 435 members, and there have always been people among them who are not the sterling representations of the best our country has to offer; they're just lucky cable television hasn't exploited them quite as viscerally. When I referred to it as the voice of the people, that meant the voice of the people for better and for worse - if you don't trust the House, then you don't trust the American people. Fortunately, the Founding Fathers didn't trust the American people, so you can rest assured that people smarter than you invented a system of checks and balances that has worked for the last 250 years.
    PS Using "LOL" in an argument destroys your credibility

    blastoise:

    ////~ thats great the presidant will do not what the country wants but what his party wantsbut he isn't incompetent kk ~////

    Arguing that POTUS should be guided by the will of the people is incredibly, incredibly, infantile and naive. The job of Presidents is to lead, not to follow opinion polls; Obama thought healthcare reform was necessary, and he was right. The American people elected him to do a job, and he is doing it. You can disagree with what he is doing, but that is a far cry from saying he is incompetent.

    blastoise:
    ////~ but in combination with the other thing will which is what i'm saying will happen if us dosen't do something~////

    What does this mean?

    blastoise:

    ///~ immigrants = greater cost exhibit A ----> california ~///

    Yes, California has never benefited from immigration. Not once. Not during the Gold Rush, not during the technology boom, and not now in Silicon Valley. Never once has the fact that the best and brightest programmers throughout the world rush to California been of any utility to the state. Nor have Californians derived any consumer surplus from the cheap labour and cheap agriculture they benefit from daily. Please, you might know some people who can not see beyond a number cable news flashes at you, but don't mistake me for one of them.

    blastoise:

    ///~ LOL riiiight tax revenue will increase faster then debt hahahahah ~///

    Considering that US tax revenues average about a fifth of GDP, that would imply a 5x multiplier effect, which is clearly not valid. Rather, stimulus spending should avoid a deep recession, and possibly kickstart growth. It will also be withdrawn as this happens, which means that over time it should pay for itself.

    blastoise:

    ///~ hahahaha HDI hahaha~////

    That isn't an argument.

    blastoise:
    ///~ wrong it isn't irrelevant to soverign default, the more influence a country has the less it debt costs Ceteris paribus ~ ////

    Judging by your metric, US influence is at an all-time high. And even if you, in your little sick and twisted mind, can imagine a world in which the USA is not NUMBER ONE, being the second most influential country in the world does not equate us with Argentina.

    blastoise:

    ///~maybe~ ///

    blastoise:

    ///~ ask yourself what yield and type were they~///

    Increased yields on longer maturities reflect possible inflation expectations, not default expectations.

    blastoise:
    //~ no i'm implying cost of borrowing will go up higher interest hence the death spiral ...you are putting words in my mouth then telling me why im wrong .... also this is no longer a one country market corporations are expanding to other nations ~//

    Multinationals are irrelevant to the equation - US default would destroy companies cash reserves, cripple every bank in the world, lead to a complete withdrawal of credit, and a disastrous domino effect. Lowering the US credit rating is not a feasible scenario - the ratings agencies might do it, but they'd be wrong to do so unless they accompanied it with a simultaneous lowering of the rating for every entity in their coverage, which would ceteris paribus leave US rates unchanged.

    blastoise:

    ///~kk if you say it is just structural ~//

    Says me and every economist I've heard discuss it.

    blastoise:

    //~ lol if you say so~//

    Not an argument, and the LOL makes it less so.

    blastoise:

    //~ little things add up, and this mentality is why we are in this mess in the first place ~//

    What mess? I thought we were in this "mess" because Alan Greenspan recommended unaffordable tax cuts after Clinton created a budget surplus, and then lowered rates through his desire to play God, leading to a credit crisis that has forced the government to increase expenditures at a time of declining revenues.

    blastoise:
    //~ hahaha this is so fucking stupid what ever you say~//

    I also don't know what this argument means, or why you thought vulgarity would make it more effective.

    blastoise:
    and this is why america will default all your arguments were short term not long term you offered no evidence that us will control it's debt

    In conclusion you drexel are a perfect example of why we are all dead in long run.

    You didn't ask for evidence that the US will control its debt, you just wanted to throw rocks at the beauty that is America, and I felt that I had a duty to educate you. America will control her debt because doing so is the responsible thing; because there is clear evidence that there is political will to do so; because since John Adams negotiated America's first line of credit, repayment has been made a point of national honour; because the US government nationalized state debts after the Revolutionary war as a point of national honour; because if Britain can do it, we can do it; because the US deficit is not actually all that big, and all of our spending is not all that necessary; and because there is not a single red-blooded American who would ever allow a little shit like you to be right.

  • In reply to drexelalum11
    LikeToKnow's picture

    drexelalum11:
    Anyone who doesn't love America doesn't love Freedom

    America does not equal Freedom! Democracy is an illusion, did you know that there are more democratic third world country in the world over anyother form of government?

    and also English is not my second language, it is my third. So do apoligize for the error in my eariler post.

    happypantsmcgee:
    LikeToKnow:
    Know that you are hated by at least 1/4 of the world, and despised by the other 1/4.

    Sucks to be hated by people that can't do math...the 'other' quarter? I think you meant to say the other half which, when expressed as a fraction would be 1/2...

    No i mean 1/4. I have to say the last 1/4 actually like America... but glad to hear that you don't think so... j/k

    Eric Stratton][quote=LikeToKnow:
    Go catch a bus with your face, faggot.

    Don't know what to say to that... the intellgence is just beyond me. Only one word come to mind "typical"

    America do have their upside, but it is by no means great. Like all "great" nations in the past (Persia, Roman, Mongolia, even Britain...), one day the dream will end.

  • In reply to LikeToKnow
    happypantsmcgee's picture

    LikeToKnow:
    Like all "great" nations in the past (Persia, Roman, Mongolia, even Britain...), one day the dream will end.

    Yea, and one day you're going to die so why bother living...

    If I had asked people what they wanted, they would have said faster horses - Henry Ford

  • In reply to LikeToKnow
    Eric Stratton's picture

    Eric Stratton:
    LikeToKnow:
    Go catch a bus with your face, faggot.

    Don't know what to say to that... the intellgence is just beyond me. Only one word come to mind "typical"

    America do have their upside, but it is by no means great. Like all "great" nations in the past (Persia, Roman, Mongolia, even Britain...), one day the dream will end.


    Intellgence?

    ---------------------
    "Well, you can do whatever you want to us, but we're not going to sit here and listen to you badmouth the United States of America."

  • TNA's picture

    @Eric Stratton - Please tell me you are not asian. You are so incoherent you must be from the continent retard.

  • In reply to TNA
    Eric Stratton's picture

    Anthony .:
    @Eric Stratton - Please tell me you are not asian. You are so incoherent you must be from the continent retard.

    I am. I am also very short. Hence the enormous chip on my shoulder.

    ---------------------
    "Well, you can do whatever you want to us, but we're not going to sit here and listen to you badmouth the United States of America."

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