Courtesy of Zombie: - America will go bankrupt unless spending is reined in and the size of government is reduced; - Obama is charting the exact opposite financial course from what needs to happen; - Romney is going to be the Republican nominee for president, whether or not he was everybody’s first choice; QED, we must support Romney if we want to save the country.
QED, government coordination of the economy can be Pareto-efficient. QED, both sides of the debate are reading from the same playbook. http://business.financialpost.com/2012/04/16/treasury-yields-stay-low-as-eurozone-crisis-flares/ QED, American debt is still seen as a "risk-free" asset, and therefore cannot in any way be compared to the sub-grade European debt that can "trigger bankruptcy". http://www.bloomberg.com/markets/rates-bonds/government-bonds/japan/ http://sdw.ecb.europa.eu/quickview.do?SERIES_KEY=143.FM.M.JP.JPY.RT.BB.JP10YT_RR.YLDA Japan benchmark 10 Y yields are at 1%. Japan Debt to GDP ratio---208.2% QED, you suffer from economic ignorance if you think America will go "bankrupt".
Senate GOP blocks Buffett Rule bill http://money.cnn.com/2012/04/16/pf/taxes/buffett-rule/index.htm?hpt=hp_t1
no, a misguided paradigm that "deficit control" is the most important economic consideration has though. Thank someone for appointed meritocracies of qualified and intelligent individuals who hold the levers of monetary policy, such that this discourse has not reached the most important levels of economic policy. http://articles.marketwatch.com/201...kota-fed-regional-bank-presidents-fed-staffer 2012 to be Year of the Dove on Fed
I'm not sure you understand the concept of a filibuster either. You aren't doing so hot so far in this thread.
IIRC, you don't live in the US, correct? OT, perhaps, but are you a US citizen ( may have been addressed before but i missed it.)
In response to your query, I was an American resident (not that I feel like it has any relevancy to the subject at hand). I don't think I have ever been an American citizen, though to be honest, there is a small possibility. It would have been no virtue or fault of mine though, given my age at the time.
Basically, yes. The GOP demanded a cloture vote - with a 60-vote majority - to end debate. That is the vote that failed. The GOP voted against here, thus blocking the bill. That is the definition of the modern filibuster. This is fairly elementary stuff. The fact that you are unaware of basics of the process is disturbing for someone who spends so much time debating (or copy & pasting) politics.
So, and just for the purposes of clarity, you're neither an american citizen, nor a US resident, correct?
Buffett Rule would account for about 3 minutes of daily borrowing. Where are you going to get the other twenty-three hours and fifty-seven minutes?
Does it say something about you if I know more about your country's economy and politics than you do? But like someone else said, yes. I've been quite honest about that.
...regulations to prevent the shadow banking system from blowing up the economy every once in a while?
