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Topic	Get ready for that red tide tonight
DrVonRupee 11/07/18 2:37:54 AM #61:	Zeus posted... DrVonRupee posted... That is the definition of an economic meltdown. Forget 2008. This is going to be 1929 all over again. The budget deficit is skyrocketing out of control. ...you're aware that the events of 1929 weren't about the national debt, right? Given that the way that the national debt has been handled, budget deficits are effectively meaningless right now because we have an obscene amount of credit available. As such, it's not a threat to the economy. Did you even read the analysis I referenced? And yes, I fully understand what happened in 1929. By comparing it to 1929, I am talking about the severity of the economic collapse. The government will not be able to cover for a GDP reduction of over 2%. Industries will collapse, and millions of jobs will evaporate. That is what happened in the Great Depression, which is why I referenced 1929. As for the deficit, using the excuse of good credit is an extremely flawed approach. A skyrocketing deficit is horrific for long-term prospects. regardless of credit. Also it is hilarious that you seem to not care about the deficit. From what Ive seen, you are a consistently republican poster. It has been long established tradition for concern about the deficit to be a hot issue for republicans. Im surprised you are so lax about it. --- 3DS/DS for life. Add me for MH4U hunts! 3DS Friend Code: 3884-0538-1796 <cite>DrVonRupee posted [p:911964402] in Get ready ... [t:77176060]...</cite> <quote><cite>Zeus posted...</cite> <quote><cite>DrVonRupee posted...</cite> <quote>That is the definition of an economic meltdown. Forget 2008. This is going to be 1929 all over again. The budget deficit is skyrocketing out of control. </quote> ...you're aware that the events of 1929 weren't about the national debt, right? Given that the way that the national debt has been handled, budget deficits are effectively meaningless right now because we have an obscene amount of credit available. As such, it's not a threat to the economy.</quote> Did you even read the analysis I referenced? And yes, I fully understand what happened in 1929. By comparing it to 1929, I am talking about the severity of the economic collapse. The government will not be able to cover for a GDP reduction of over 2%. Industries will collapse, and millions of jobs will evaporate. That is what happened in the Great Depression, which is why I referenced 1929. As for the deficit, using the excuse of good credit is an extremely flawed approach. A skyrocketing deficit is horrific for long-term prospects. regardless of credit. Also it is hilarious that you seem to not care about the deficit. From what Ive seen, you are a consistently republican poster. It has been long established tradition for concern about the deficit to be a hot issue for republicans. Im surprised you are so lax about it. --- 3DS/DS for life. Add me for MH4U hunts! 3DS Friend Code: 3884-0538-1796</quote> ... Copied to Clipboard!
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