- Cashto, this is the sort of thing that happens when those two lines get too close together...
- The Tea Party's fault? If the Tea Party had its way there would be a balanced budget amendment. Maybe this is actually a gift to them since it might force a discussion about it. Although I think Dome was saying that in jest, I do find it interesting how the media has been saying that the Tea Party won. It couldn't be further from the truth.
- I don't think we'll see too much of a reaction from this in the bond markets next week. This is serious though and shouldn't be taken lightly.
- My work is done here. I am re-entering my retirement from the boards effective immediately. It was fun to drop back in for a visit, but its time for me to redouble my focus on my business and clients. FreeBeer, be sure to turn the lights off when you finish mopping up around here.
You can check out any time you like, mcwarren, but you can never leave.
Globemaster_III wrote:QUOTE (Globemaster_III @ Jan 11 2018, 11:27 PM) as you know i think very little of cashto, cashto alway a flying low pilot, he alway flying a trainer airplane and he rented
BIG WHOOP. As of 2010 China has 27% of our foreign holdings. Our foreign holdings are 32% of the total debt.
Therefore 32% x 27% = 8.6% of our debt is held by China.
A sizable portion to be sure, but its not like they can call the shots for us.
The very fact that foreign governments hold so much of our debt shows how much faith they have that our debt is safe. Wasn't there an article earlier this year that China sold off so much of our debt that Japan returned to being our #1 foreign debt holder?
BackTrak wrote:QUOTE (BackTrak @ Aug 3 2011, 12:32 AM) Adept's really just beating around the bush. He wants to come out and say: "Kill all the old people NOW!", he's just finding a nice way to put it.
<bp|> Maybe when I grow up I can be a troll like PsycH <bp|> or an obsessive compulsive paladin of law like Adept
mcwarren4 wrote:QUOTE (mcwarren4 @ Aug 3 2011, 07:11 AM) Yes, there is certainly is an argument to raise taxes. However, the argument has been centered on only raising taxes on the top 5% of wage earners. Obama bet his chips on winning the class warfare/ideological argument instead of working on a real solution to the problem. Many Americans understood this, thus he lost support. Another OECD chart will show you that the US already has the most highly progressive tax rate schedule among the OECD nations.
Oh god, I just realised McW get's his talking points literally from rightwingnews.
I wonder what the "most progressive" there means in the real world. The taxation seems pretty mild when looking and comparing the actual numbers with those of other nations.
Ive been reading up on your homeland quite a bit Adept. Its an interesting place and I can start to get a sampling of where you are coming from in your views both domestic and aboard. Thats it, other then to say thankee for making me so curious.
If the Tea Party had its way there would be a balanced budget amendment. Maybe this is actually a gift to them since it might force a discussion about it. Although I think Dome was saying that in jest, I do find it interesting how the media has been saying that the Tea Party won. It couldn't be further from the truth.
