American Debt Crisis

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American Debt Crisis

Post by Furburt on Tue Aug 02, 2011 1:18 pm

Goddamn it America. Goddamn it.

So although a deal was reached on Sunday about the US debt crisis, it's still looking like Americas credit rating is going to be downgraded, and it's still quite possible that the US will default.

This is bad. It's already gone far enough that the crisis is affecting global markets. The US being downgraded is catastrophic in itself. It means that the US rate of borrowing goes up, meaning less and less money for the government to push out to the ridiculous amount of people who can't get work, in the poorest parts of the country. It also affects us in much the same way, less money overall. Obama has already said that millions of welfare checks simply can't be sent out because the government doesn't have the money. For some people in the US, that's basically a death sentence.

And you know whose fault it is? The fucking Tea Party. I, like most people, regarded them as nothing more than a joke a couple of years ago, but their stupid, stupid refuse to compromise in congress has already cost the US more than it can afford. It's almost enough to make you sick, seeing the most powerful economy in the world (Not for much longer) being held hostage by a bunch of religious maniacs who have less understanding of how economics work than a 10 year old child. Their whole plan is not to raise taxes at all (WHAAAT?!) and instead cut spending. Spending on welfare. Which means that even more people are going to fall below the poverty line, turning America into a virtual third world country in some states.

God, I really wish the world didn't have to follow America on everything the way we do. At this point, I'd rather follow China. At least they actually have an economy!

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Re: American Debt Crisis

Post by MilkyFresh on Tue Aug 02, 2011 1:26 pm

Australia's economy is currently raping America to death. In fact apparently our dollar is getting too strong, other countries aren't trading with us because they can't afford it. Fancy that.


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Re: American Debt Crisis

Post by Furburt on Tue Aug 02, 2011 1:30 pm

Yep, if the US gets downgraded this Wednesday, Australia will officially have a more stable economy than the 'greatest country in the world'.

God, I wish Herald was here, because this is one of the few things where it's absolutely not Obama's fault in any way.

Not that Obama's free from blame overall though. Trying to spend their way out of the recession was a really stupid move.

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Re: American Debt Crisis

Post by MilkyFresh on Tue Aug 02, 2011 1:32 pm

I think K.Rudd saved us with the Stimulus Package. I don't know much about the economy, but that certainly seems to be what happened. And then he was forced out of government due to a momentary dip in popularity and replaced by a red headed cunt who has done precisely fuck all during her time in office.

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Re: American Debt Crisis

Post by MilkyFresh on Tue Aug 02, 2011 1:34 pm

And who will probably be succeeded by a psycopath.

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Re: American Debt Crisis

Post by Furburt on Tue Aug 02, 2011 1:35 pm

Goddamit Julia Gillard is so fucking scary. Every time I see her it's like Margaret Thatcher crossed with Tilda Swinton. AAAAARGH

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Re: American Debt Crisis

Post by MilkyFresh on Tue Aug 02, 2011 1:36 pm

Eh, she lacks the evil of Thatcher. She's just a nothing. Kevin Rudd, on the other hand, was probably the most progressive PM we've had since Whitlam.

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Re: American Debt Crisis

Post by Furburt on Tue Aug 02, 2011 1:38 pm

But then again:


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Re: American Debt Crisis

Post by MilkyFresh on Tue Aug 02, 2011 1:40 pm

Goddamnit he's retarded.
He's having heart surgery at the moment I think.

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Re: American Debt Crisis

Post by Furburt on Tue Aug 02, 2011 1:46 pm

Well, thankfully things have looked up for the Irish government. I wasn't fond of our PM at all (He's better than the last one though) until he stood up and delivered this insanely frank condemnation of the Catholic church for all the sex abuse, which no other Irish politician has ever done. So props for that.



He's still not great though.

I really want Ming Flanagan as PM.


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Re: American Debt Crisis

Post by MilkyFresh on Tue Aug 02, 2011 1:48 pm

I've noticed that fella on our TV a couple of times since you last mentioned him, he must be getting a reputation.

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Re: American Debt Crisis

Post by Furburt on Tue Aug 02, 2011 1:49 pm

Which one?

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Re: American Debt Crisis

Post by MilkyFresh on Tue Aug 02, 2011 1:50 pm

Ming

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Re: American Debt Crisis

Post by Furburt on Tue Aug 02, 2011 1:53 pm

Really? That's cool as hell.

He's probably our best politician. He wants to legalize cannabis, take power out of the hands of the banks, separate church and state, all that cool stuff.

Glad to hear that. I met him, actually, and I completely forgot I did, at a legalize cannabis rally. Where I won my vaporizer.

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Re: American Debt Crisis

Post by MilkyFresh on Tue Aug 02, 2011 1:57 pm

Oh really? Cool as, he seems like a pretty rad dude.

Most recently there was a clip of him giving his opinion on something Irish on ABC news, a sound bite. It made me chuckle that there were millions of people in Australia instinctively trusting his expert opinion without realising he was a cannabis advocate.
HE'S INFILTRATING THEIR BRAINS.

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Re: American Debt Crisis

Post by Furburt on Tue Aug 02, 2011 2:03 pm

Remember, only authoritarian regimes use drugs.

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Re: American Debt Crisis

Post by Furburt on Tue Aug 02, 2011 2:03 pm

God, that guy was a moron.

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Re: American Debt Crisis

Post by MilkyFresh on Tue Aug 02, 2011 2:04 pm

http://www.abc.net.au/tv/qanda/txt/s3277551.htm

This is the episode, I think you'll dig it if you've got the time. Or just watch a few minutes of it and get angry at his face.

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Re: American Debt Crisis

Post by MilkyFresh on Tue Aug 02, 2011 2:05 pm

Look at him raise his eyebrow as he's introduced.

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Re: American Debt Crisis

Post by Furburt on Tue Aug 02, 2011 2:06 pm

I shall do so after tennis!

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Re: American Debt Crisis

Post by MilkyFresh on Tue Aug 02, 2011 2:07 pm

Excellent!
In how many hours is this? Will I get to discuss it with you before I go sleepybyes in four or five hours?

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Re: American Debt Crisis

Post by MilkyFresh on Tue Aug 02, 2011 2:10 pm

He's such a fucking cunt.
Whenever anybody calls him out on his idiocy he shakes his head and pretends to write shit down on his notepad so he doesn't have to make eye contact.

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Re: American Debt Crisis

Post by Furburt on Tue Aug 02, 2011 2:24 pm

MilkyFresh wrote:Excellent!
In how many hours is this? Will I get to discuss it with you before I go sleepybyes in four or five hours?

Oh sure, I'll only be gone 20 minutes or so, the tennis court is very close by.

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Re: American Debt Crisis

Post by LordCuthberton on Tue Aug 02, 2011 2:29 pm

They just need to do what The Sun did. Introduce a fucking mascot!


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Re: American Debt Crisis

Post by MilkyFresh on Tue Aug 02, 2011 2:30 pm

GODSPEED YOU IRISH EMPEROR

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Re: American Debt Crisis

Post by Terria on Tue Aug 02, 2011 2:30 pm

LordCuthberton wrote:They just need to do what The Sun did. Introduce a fucking mascot!

Damn, they have a solution for everything.

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Re: American Debt Crisis

Post by Alkaline on Tue Aug 02, 2011 3:18 pm

Furburt wrote:It's almost enough to make you sick, seeing the most powerful economy in the world (Not for much longer) being held hostage by a bunch of religious maniacs who have less understanding of how anything works than a 10 year old child.

Fixed that for you.

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Re: American Debt Crisis

Post by Furburt on Tue Aug 02, 2011 3:24 pm

Right, tennis took longer than anticipated. Watching video now.

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Re: American Debt Crisis

Post by MilkyFresh on Tue Aug 02, 2011 3:24 pm

EXCELLENT

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Re: American Debt Crisis

Post by Furburt on Tue Aug 02, 2011 3:25 pm

OH GOD HIS STUPID LITTLE MOUSTACHE I HATE HIM I HATE HIM

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Re: American Debt Crisis

Post by Furburt on Tue Aug 02, 2011 3:33 pm

Yeaaaaaaaaah....

That was actually kind of dull. I skipped ahead to all the bits with him in it. He's a cunt, but he's a very boring cunt.

I probably just don't know enough about Australian politics.

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Re: American Debt Crisis

Post by MilkyFresh on Tue Aug 02, 2011 3:35 pm

Eh, I find it pretty interesting but it is mostly centred around Australian politics.

That's not the point though, the point is FUCK THAT GUY TO HELL

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Re: American Debt Crisis

Post by Furburt on Tue Aug 02, 2011 3:56 pm

I can agree with that!

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Re: American Debt Crisis

Post by Mr. Wiggles on Tue Aug 02, 2011 5:31 pm

Speaking of the Irish, has anyone else heard that for every five we lend the Irish it only costs us three pounds to borrow?

Does that even make sense?

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Re: American Debt Crisis

Post by Furburt on Tue Aug 02, 2011 5:32 pm

Very few things these days do.

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Re: American Debt Crisis

Post by Komrade Kharloth on Tue Aug 02, 2011 5:54 pm

I really, really hope America takes a big kick in the teeth, and that the blame falls squarely on the fucking tea party and republicans.





Fuck.

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Re: American Debt Crisis

Post by Furburt on Tue Aug 02, 2011 5:57 pm

They're voting on it now.

Please Tea Party, don't fuck this up. I don't particularly feel like living through another great depression.

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Re: American Debt Crisis

Post by Komrade Kharloth on Tue Aug 02, 2011 6:03 pm

If that does happen, I'm gonna grab me a rifle and shoot me some yanks.

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Komrade Kharloth
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Re: American Debt Crisis

Post by Furburt on Tue Aug 02, 2011 6:04 pm

But then you'll just be playing into their hands!

They do love their massacres.

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Re: American Debt Crisis

Post by Alkaline on Tue Aug 02, 2011 6:07 pm

Kommissar Kharloth wrote:I really, really hope America takes a big kick in the teeth, and that the blame falls squarely on the fucking tea party and republicans.





Fuck.

You know it won't though. :\

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Re: American Debt Crisis

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