NWI INGO General Post - Part 7

[bradmedic04]

This is the 1st time I have actually watched/listen to O and he made some 'good' points but also is missing the point and I think we are headed for a default next week.

He mentioned that if you have a mortgage, car note and student loan and choose to NOT pay the one of the 3 that is not good since your credit rating will take a hit and it will be harder in the longer run and more expensive to obtain credit. That does make sense and we all know that. He then went on to say that the Republicans should not play around with out credit rating.

Sadly, however, he is missing the point. We can not afford to continue to pay for the mortgage, car note and student loan. So in that case we have to try and get rid of one (cut a .gov program) of them or get another job (raise taxes). He did not touch on these however and kept going back to his example of he have to pay to ensure our good credit rating.

***
Note the lack of 3rd person by Jedi in that post. What is the world coming to when Jedi starts talking like you normal people!

This is not sounding like proper leftist talk from a north lake county resident. I think jedi is actually a shill for THOSE people south of I-30.

 

[melensdad]

Obama levies the threat of the US not being able to pay our bills. Reid and Schumer both echoed his statements on the Senate floor.

Obama used the term "Deadbeat" and spokesboy Jay Carney reaffirmed this.

But what they are not telling you is that we have enough INCOME to pay our INTEREST. On the other hand, Obama is using scare tactics to drive down the DOW JONES. And having to "prioritize" our bills does NOT mean that we going into default. And Obama is actually taking credit for the fact that our debt is actually slightly decreasing . . . due to the GOP action that is preventing increased spending!!!

DEFAULT = NOT PAYING INTEREST TO US DEBT HOLDERS. Nothing else.

 

[bradmedic04]

In other news of flubs coming from the executive branch:
Obama adviser for communications strategy accidentally tweets N-word in response to journalist  - NY Daily News

 

[Wild Deuce]

For Dear Leader:

[video=youtube;Li0no7O9zmE]https://www.youtube.com/watch?feature&v=Li0no7O9zmE[/video]

 

[melensdad]

In other news of flubs coming from the executive branch:
Obama adviser for communications strategy accidentally tweets N-word in response to journalist* - NY Daily News

I'm pretty sure it was NOT an accident.

 

[bradmedic04]

I'm pretty sure it was NOT an accident.

I know there's such thing as a 'Freudian Slip' but I wonder if there is such thing as a Freudian Typo...

EDIT: thought I should clarify something for Jedi. Freud was this guy who researched psychology extensively and layed the groundwork for therapists today to be able to diagnose whatever the hell is wrong with you.

 

[melensdad]

For Dear Leader:

[video=youtube;Li0no7O9zmE]https://www.youtube.com/watch?feature&v=Li0no7O9zmE[/video]

I presume you are posting this for JEDI based on his post above?

But I presume its OK if we don't actually follow him.

 

[jedi]

For Dear Leader:

[video=youtube;Li0no7O9zmE]https://www.youtube.com/watch?feature&v=Li0no7O9zmE[/video]

We are approaching that point very soon.

Way too many older 'retired' folks and not enough new babies.
Demographics of the United States - Wikipedia, the free encyclopedia
Look at Demographic statistics

But I'm sure Ocare will take care of that old folk issue in short order.

 

[jedi]

I'm pretty sure it was NOT an accident.

Meh... It was an accident. Look where "B" and "N" are on the keyboard and on a smartphone (with a keyboard like interface). They are right next to each other.

 

[jedi]

I know there's such thing as a 'Freudian Slip' but I wonder if there is such thing as a Freudian Typo...

EDIT: thought I should clarify something for Jedi. Freud was this guy who researched psychology extensively and layed the groundwork for therapists today to be able to diagnose whatever the hell is wrong with you.

and
Jedi does not need footnotes on everything you know that is what Google is for.

 

[jedi]

This is not sounding like proper leftist talk from a north lake county resident. I think jedi is actually a shill for THOSE people south of I-30.

Jedi loves to play every angle and every team.
At the end of the day however Jedi says....
[video=youtube_share;aCbfMkh940Q]http://youtu.be/aCbfMkh940Q[/video]

 

[jedi]

WHY, using WHAT MATH, would we default?

We have more money coming into the US TREASURY than we have in interest debt obligations going out. So with that fact in mind, what would cause us to default?

Or by default do you mean spending more than we take in? IF SO, WE ALREADY DO THAT EVERY DAY.

But, with regard to a technical default, no, there is no logical reason to default even if we 1) do NOT increase the debt ceiling and 2) we do NOT "re-open" government by agreeing to end the shutdown.

So please explain how/why there would be a default?

Obama levies the threat of the US not being able to pay our bills. Reid and Schumer both echoed his statements on the Senate floor.

Obama used the term "Deadbeat" and spokesboy Jay Carney reaffirmed this.

But what they are not telling you is that we have enough INCOME to pay our INTEREST. On the other hand, Obama is using scare tactics to drive down the DOW JONES. And having to "prioritize" our bills does NOT mean that we going into default. And Obama is actually taking credit for the fact that our debt is actually slightly decreasing . . . due to the GOP action that is preventing increased spending!!!

DEFAULT = NOT PAYING INTEREST TO US DEBT HOLDERS. Nothing else.

So help me understand this from the low man on the pole point of view.

Jone Doe currently owns a mortgage at 1K and a car note at 1K. Mr. Doe has 1K in savings, 1K in his 401K and 1K in US Savings Bond (mature) and 1K in US Savings Bond (not mature). Also Mr. Doe Sr gets $500 in SSA benefits. Don't you just love the 1K simple thug math!

So on 17 OCT 2017 say the US goes into 'default' per what the media/white house/treasury say.
What occurs to Mr. Doe?

He still owes his 1K mortgage and car note right? Yes is Jedi's answer.
He still has 1K in savings right? Yes is Jedi's answer.

His 1K in 401k is probably going to be less as the market will tank on the news of the default right? Jedi is not sure?
Meaningless really since Mr. Doe can't take that money out anyways.

His 1K in mature bonds are Can he still exchange those at the bank for USDs?
The unmature bonds nothing happens since they are still 'not' mature right? Yes is Jedi's answer.

What about Mr. Doe Sr.'s SSA check? Will he get a $500 deposit to his bank account on 01 NOV 2013?

 

[melensdad]

From what I can tell from your example, the answers are YES, YES, YES . . . etc YES.

But what Mr Doe is also trying to do, during this process, is purchase some expensive theatre tickets for a Broadway show, buy a new Travel Trailer, and pick up a 56" HDTV for this new 'Multi-Media' room.

Sadly the banker says, sorry Mr Doe, you can't have those other things you want to buy, even if you already have them in your plan to purchase them and your family voted on those things 6 months ago because you have exceeded your credit limit (or, in gubmint terms, your "debt limit").

But we will let you continue to make your payments on your current debt load, and you can continue to collect your income at the current rate. We will not repossess any of your belongings. We will not 'call' your loans because you are still making the required interest payments. So, therefore, you are not in default. In fact, we are 'cutting you off' for your own good because if you keep doing this then you will exceed your ability to pay us in the near future.

 

[jedi]

hum... so what about the SSA checks for Mr. Doe Sr?
& basically then for the rest of the citizens there is not really a change?

 

[melensdad]

hum... so what about the SSA checks for Mr. Doe Sr?
& basically then for the rest of the citizens there is not really a change?

Correct, he still gets his check. (See my reply above where I said he gets to keep his income)

If Obama chooses to stop paying S.S. checks, or other similar programs, then he is choosing to do so and it would be unprecedented in other shutdowns. In essence, if Social Security is not paid, it is because Obama orders it to be withheld to hurt people.

 

[actaeon277]

Wild Deuce, that was a great video. It would have been better if it wasn't so true though.

A WWII vet walked into the Post while I was paying bills. I always try to go over and meet new people, make them feel welcome to the Post. And of course the news was on. So this guy says that 80 percent of the people that don't like the President, is because they are racist. He has some racist friends, and that's why they don't like him.
I told him quite a few people I know don't like his socialist policies, and we don't care what color he is. In fact, a few people the same race as the President don't like his policies. He said, "they're racist also. MSNBC said so". I almost fell outta my chair.
I told him he should get out some. Because people are losing jobs, and hours. He said, no problem, they'll get a subsidy.

WHERE'S THE MONEY COMING FROM THEN?????????

I shook his hand. Said thanks for your service, and decided to go somewhere else.

 

[jedi]

Just finished another 100 rounds of .30 carbine!
But I'm now down to less than 100 rounds of powder left as well.

 

[medic6882]

Does anyone else feel like we are viewing INGO in subtitles , or Jedi titles ?

 

[jedi]

Wild Deuce, that was a great video. It would have been better if it wasn't so true though.

A WWII vet walked into the Post while I was paying bills. I always try to go over and meet new people, make them feel welcome to the Post. And of course the news was on. So this guy says that 80 percent of the people that don't like the President, is because they are racist. He has some racist friends, and that's why they don't like him.
I told him quite a few people I know don't like his socialist policies, and we don't care what color he is. In fact, a few people the same race as the President don't like his policies. He said, "they're racist also. MSNBC said so". I almost fell outta my chair.
I told him he should get out some. Because people are losing jobs, and hours. He said, no problem, they'll get a subsidy.

WHERE'S THE MONEY COMING FROM THEN?????????

I shook his hand. Said thanks for your service, and decided to go somewhere else.

Did he have a mustache? I bet that is why you did not like him.

 

[jedi]

Does anyone else feel like we are viewing INGO in subtitles , or Jedi titles ?

How so?