Funny but true. (A rant worth listening to)

'

I lol'd. Did he explode at the end? :[

TetraHydroC 10 wrote:'

lmaoooooooooooooooooooooooooooooooooooooo this guy is CLASS

This is so TRUE, *bleep* TRUE!

I was listing to this the other day, This man is the truth.

Is there any chance of him joining us on goallegacy.com :king:

Priceless

Retarded extremist..

Reminds me of arlington movie

Adit wrote:Retarded extremist..

Reminds me of arlington movie

I don't see how he is a "retarded extremist", nothing he said had anu indication of being mentally retarded, or of being in any extreme nature.

I frankly have no idea how he comes off as being a "Retarded extremist", care to explain.

He's a comedian, you're missing the point Adit.

Let's be clear on a couple of points. #1 I'm a comedian and this video is exaggerated to be funny. #2 I didn't blame/bash Obama. I asked of the current president to balance the budget. I am aware that the debt ceiling has been raised many times (more times during the Reagan Era than any since)...it doesn't change the need for fiscal responsibility. And since we can't CHANGE the past...who is responsible for fixing it going forward? I say it's the current administration.

This guy is pinpoint.

Real Talk.

Yeah, you do that and welcome the recession. (Not that it's not coming anyway, but balancing the deficit would be an incredibly wrong step in that direction).

Also, some other fun facts: If the US were at it's potential output the deficit would only be at 1/3 of its current side. What this means is that achieving recovery is a far better means to reduce the deficit than austerity.

Another fun fact: The US can balance the budget by simply doing nothing. I don't have the specific argument in hand, but the theory goes along the hands of allowing the Bush tax cuts to just run out at the due time rather than expanding them (as Republicans propose) would raise enough revenue balance it, as well as other factors such as this one.

The focus should be on output and unemployment, not deficit reduction.

already here

https://goallegacy.forumotion.com/t9674-funny-but-true-a-rant-worth-listening-to

BarrileteCosmico wrote:Yeah, you do that and welcome the recession. (Not that it's not coming anyway, but balancing the deficit would be an incredibly wrong step in that direction).

Also, some other fun facts: If the US were at it's potential output the deficit would only be at 1/3 of its current side. What this means is that achieving recovery is a far better means to reduce the deficit than austerity.

Another fun fact: The US can balance the budget by simply doing nothing. I don't have the specific argument in hand, but the theory goes along the hands of allowing the Bush tax cuts to just run out at the due time rather than expanding them (as Republicans propose) would raise enough revenue balance it, as well as other factors such as this one.

The focus should be on output and unemployment, not deficit reduction.

The problem is consumer confidence and investors. The dollar became so weak this summer because all the invesator where putting all their assets in the safe havens such as gold, yin and suisse francs. Plus CHina is holding so much of Americas debt it's scary, The US should have defaulted tbh. They are never ever going to be able to repay it back tbh. Most countries have such high deficit ceilings that the likelyhood of reaching them is zero. But the USa being above us all and arrogant didn't feel the need to. Consumers have no money to spend and how would the government create jobs? The people that make the economy go around don't want to invest. Fiscal and monetary policies can only do so much in the face of a free market. It is the market that is deciding where the money flows.

Is he calling Barack Obama "B", He does know Obama had nothing to do with that debt?

austerity measures

learn to economics please.

I dont think the debt is as big an issue as people make it out to be, but yeah the next step should be structural change (fiscal & monetary stimulus if we het recession in the next two quarters). Nothing will get us out of this except structural change.

Heres another video you might enjoy jibers

Keep in mind this guy is a comedian.

(His response to comments on his video)
Let's be clear on a couple of points. #1 I'm a comedian and this video is exaggerated to be funny. #2 I didn't blame/bash Obama. I asked of the current president to balance the budget. I am aware that the debt ceiling has been raised many times (more times during the Reagan Era than any since)...it doesn't change the need for fiscal responsibility. And since we can't CHANGE the past...who is responsible for fixing it going forward? I say it's the current administration.

Messi wrote:Is he calling Barack Obama "B", He does know Obama had nothing to do with that debt?

Are you sure you're from New York? "B" is just a term that's used round these parts, e.g., What's good B, how is life treating you? That was directed at Obama.

jibers wrote:The problem is consumer confidence and investors. The dollar became so weak this summer because all the invesator where putting all their assets in the safe havens such as gold, yin and suisse francs. Plus CHina is holding so much of Americas debt it's scary, The US should have defaulted tbh. They are never ever going to be able to repay it back tbh. Most countries have such high deficit ceilings that the likelyhood of reaching them is zero. But the USa being above us all and arrogant didn't feel the need to. Consumers have no money to spend and how would the government create jobs? The people that make the economy go around don't want to invest. Fiscal and monetary policies can only do so much in the face of a free market. It is the market that is deciding where the money flows.

While consumer confidence is certainly a problem, it is not the main one. The main one is uncertainty created by economically stupid politicians. If the US goes back into a recession it will be the republicans fault for obstructing economic reform in an incredibly fragile time. Investors recognize this and as a result move their assets to liquid ones, which translates to government bonds. In fact, since the US devaluation government bonds have still gone down, which indicates that investors still believe the US treasurys to be the safest place for their money.

To suggest that the US will never repay their debt is ludicrous. The probability of default is near none. You only need to look at the debt to GDP ratio. I don't have the numbers at hand (I believe it's at about 100-200%), but they have plenty of room available. The only countries in serious risk of default such as Greece have about 800%. The issue is overplayed.

I largely agree with the last part of your assessment.

Balance the *bleep* checkbook, B.

And down here in Australia, it looks like we're going to vote in the Opposition because we have debt in the low 20% of GDP ==
Very efficient scaremongering.

Greece is only 150%ish :L
America is just under 100%.

Epicly Brilliant. I love black people.