Politics oh my

[Cemetery-man]

Who's running against who?

 

[ATOMonkey]

No, it doesn't get any better and won't.

Why is that?

Each year brings us closer to the inevitable financial disaster that is coming. Each election will be more tense than the next.

While we've always been moving closer to disaster, the nature of compounding interest is moving us there at an exponentially faster rate each year.

 

[NYFelon]

"The greatest shortcoming of the human race is our inability to understand the exponential function."

 

[IncendiaryGunner]

It is the "most important election" every four years.

In 2008, everyone hated on Bush and the election was "the most important" blah blah...

In 2012 everyone hates on Obama and the election is "the most important" blah blah...

In 2016 we will likely see the same, with the incumbent being "the worst", few will truly like the challenger - but they will be our "only hope".

Oh, they are also always "the most polarizing" and "nastiest" and "most negative" campaigns, with the "ugliest attack ads ever!!?!1"....

http://www.youtube.com/watch?v=Y_zTN4BXvYI

 

[Ted]

"The greatest shortcoming of the human race is our inability to understand the exponential function."

Translation:

"The greatest shortcoming of the human race is our inability to [STRIKE]understand the exponential function[/STRIKE] see past its own nose, except when they think that they are going to get free stuff."

 

[IncendiaryGunner]

Translation:

"The greatest shortcoming of the human race is our inability to [STRIKE]understand the exponential function[/STRIKE] see past its own nose, except when they think that they are going to get free stuff."

I think his comment was directed at our economic system, and how without radical change our fiat currency and banking system is doomed for failure. It has less to do with "entitlements", and more to do with fractional reserve banking.

Those that partially understand the exponential function and have studied history understand this to be a strong trend.

Then again, I could be reading too much into his comment ??

 

[GREEN607]

Same rhetoric from both sides year after year. One thing is for certain regardless of who wins. Government and debt gets bigger. Only it's ok when it's your guy doing it.

I'll be SOOOOO glad, a year or two from now (after President Romney has begun to turn this economy around)... SO GLAD to see you eat crow.

 

[hornadylnl]

I'll be SOOOOO glad, a year or two from now (after President Romney has begun to turn this economy around)... SO GLAD to see you eat crow.

Isn't Romney's first annual budget proposal $1 trillion + in the red? Did the deficit increase or decrease under GWB? Did liberties increase or decrease under GWB?

I've offered twice now to bet a box of ammo that the deficit will be over $20 trillion by Jan 2017 should Romney win. Nobody has taken me up on it yet.

 

[Ted]

Isn't Romney's first annual budget proposal $1 trillion + in the red? Did the deficit increase or decrease under GWB? Did liberties increase or decrease under GWB?

I've offered twice now to bet a box of ammo that the deficit will be over $20 trillion by Jan 2017 should Romney win. Nobody has taken me up on it yet.

Its not within the President's purview to decide upon such. The purse strings of the nation are controlled by Congress.

 

[GREEN607]

Isn't Romney's first annual budget proposal $1 trillion + in the red? Did the deficit increase or decrease under GWB? Did liberties increase or decrease under GWB?

Mitt Romney IS NOT George W. Bush!

Besides that, Bush was a whole sight better than socialist Obama.....

So, how do you prefer your crow? Fried, or baked???

 

[Ted]

I think his comment was directed at our economic system, and how without radical change our fiat currency and banking system is doomed for failure. It has less to do with "entitlements", and more to do with fractional reserve banking.

Those that partially understand the exponential function and have studied history understand this to be a strong trend.

Then again, I could be reading too much into his comment ??

I was being a wise guy.

 

[IncendiaryGunner]

Neither candidate will resolve our economic problems - neither candidate is even proposing a plan to do so.....

With all the "the sky is falling" rhetoric, I think many people refuse to acknowledge how awesome the US economy still is....

http://www.google.com/publicdata/ex...d&idim=country:USA&dl=en&hl=en&q=us+gdp+chart

 

[ATOMonkey]

I think his comment was directed at our economic system, and how without radical change our fiat currency and banking system is doomed for failure. It has less to do with "entitlements", and more to do with fractional reserve banking.

Those that partially understand the exponential function and have studied history understand this to be a strong trend.

Then again, I could be reading too much into his comment ??

Fractional banking has been around since people first started using money.

The idea of credit or debt is nothing new.

As far as exponential change goes...

Example using a coefficient of 10 and an exponent of 2.

If things are 10 times worse this year than last year, next year they will be 100 times worse than 2 years ago. The year after that, they will be 10,000 times worse than they were 3 years ago. Eventually your line get's pretty vertical. Small changes in time will result in HUGE changes in awfulness. So, just because you could get away with running a deficit 30 years ago, doesn't mean you can get away with it today, because 30 years ago the debt was small, a percentage of GDP. Now it's more than the entire country produces in a year. What do you think the Vig is on $16T vs $200B??

It's the "snowball effect" for the lay person.

It started in the '30s with that goober FDR. This got a little worse and a little worse and a little worse. Then Nixon gave it a bit of a shove in the '60s, and now things are getting worse, Regan spent hundreds of billions of dollars in the '80s, and things got a lot worse, a LOT worse, Obama spends Trillions and now things are A LOT WORSE, REALLY REALLY BAD!!!...

Add to this the fact that the Federal Reserve is doing its own version of this dance, along with every bank and business that has its own credit arm, and the TOTAL actual debt of the country can't even be quantified.

Go ahead and begin to think of the $100T in money that we've promised and have no intention of ever paying.

 

[ATOMonkey]

Here is a good graph, although incomplete, but you get the idea.

EDIT: Much better graph.

 

[FortWayneGunfighter]

I just sent in my absentee ballot voted based on ideals not fear hopefully a majority of Americans get their heads out of their asses and do the same. At least i know i did not support "the lesser of two evils" and although im fairly certain my vote wont help him win it may help break this two party system Washington so warned us about in the beginning.

 

[mrjarrell]

Many of us will be voting for principles and ideals and not out of fear. Those voting out of fear can't seem to wrap their heads around that, tho.

 

[hornadylnl]

Mitt Romney IS NOT George W. Bush!

Besides that, Bush was a whole sight better than socialist Obama.....

So, how do you prefer your crow? Fried, or baked???

Why am I eating crow? First off, Romney has to actually win. Second, it's your contention that government and debt will be smaller under Romney?

 

[printcraft]

obama has a plan for the future!!!

 

[mrjarrell]

obama has a plan for the future!!!

So does Obamney and Ryan and it's likely to look very similar to Obama's plans. Neither of them are serious about cutting deficit spending.

 

[GREEN607]

So does Obamney and Ryan and it's likely to look very similar to Obama's plans. Neither of them are serious about cutting deficit spending.

Oh. And I suppose that one of them actually called you and told you this!?

Where would we be, w/o our cartoons here at INGO?