Salamancer
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SteamID64 76561198012189354
SteamID3 [U:1:51923626]
SteamID32 STEAM_0:0:25961813
Country United States
Signed Up July 24, 2012
Last Posted June 7, 2014 at 7:04 PM
Posts 740 (0.2 per day)
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#121 Government Shut down? in Off Topic
MarxistWell if interest rates for general consumers were 0 or near zero as well - there would be no reason not to take on massive amounts of debt - assuming whatever you were taking on that debt for would make you money in some way or you could structure the payments well enough not to destroy your standard of living. So it'd even make sense for a household lol.

It's still a bad comparison, though. The government doesn't have to make money on its money. Instead, it has to hope for continued growth of its tax base to eventually cover its debt - or, it can devalue its currency. Households may be able to claim future income growth which sort of compares, but households certainly cannot decide to cause inflation. There's a whole economic toolset available to the federal government that households simply don't have.

There's some (contested) evidence that the higher a country's debt load compared to GDP, the slower its economic growth. However, there isn't really any evidence of causation. In fact, Krugman argues the reverse of what you would expect - it's actually slower economic growth contributing to higher debt load, not debt slowing down growth.

posted about 11 years ago
#118 Government Shut down? in Off Topic

It depends on the state whether you're allowed to run a brewery and restaurant in the same building. In Texas, you pretty much can't. In fact, I don't think breweries here are even allowed to sell their own beer inside the brewery - it has to go through a distributor first. That might be changing soon, though.

As for the "debt ceiling," it's helpful to remember that debt isn't a bad word like it might be in households. For a country like the US, where everyone views holding US debt (treasury bonds) as a safer asset than cash, our government can sometimes borrow cheaper than inflation. That means when the debt comes due, it's actually worth less than when it was issued - the government makes money by taking out debt. It's a rarity, but over the past few years it's happened a few times.

If you want to get concerned about the amount of US debt or its ability to repay that debt, then watch the long-term interest rates on US treasury bills. If they ever spike to 7-10% (depending on how fast the economy is growing, this might be even higher), then it may be time to worry. Right now, it's nowhere close to worry territory.

posted about 11 years ago
#13 Patent For HL3 Filed in TF2 General Discussion
fieldsam i the only one that actually doesnt care at all about hl3

No. No, you are not. Because you secretly do care about HL3, and you're just trying to publicly deny it to look cool.

There is literally nobody who doesn't care at all about HL3.

posted about 11 years ago
#83 Government Shut down? in Off Topic
2cthis is effectively the same as a theorycraft thread except literally everyone has no idea what theyre talking about instead of just everyone in open

I mean, I studied economics, follow the debate about the ACA, and know my company's health policy and how it's unaffected by the ACA. It's a huge law with lots of moving parts, so I won't pretend to comprehensively understand it. I just take issue with the phrase "no idea."

posted about 11 years ago
#73 Government Shut down? in Off Topic

The government has "shut down" several times since the 1990s. It means things like national parks close down, and some government employees don't get paid for a while, but all essential spending continues. It's not really that unbelievable.

The only reason I'd have to move away is if I legitimately feared for my life, or way of life. If we start hearing news stories about people in brown shirts running around vandalizing store fronts and such, I'll book a ticket. Until then, there's nothing to worry about.

posted about 11 years ago
#67 Government Shut down? in Off Topic

Nearly all the Fortune 500 companies already have their salaried employees on group healthcare plans. If their employees are already insured, they do not need to heed most of the provisions of the ACA. My company, for example, probably won't have to pay a wooden nickel because all the employees are already insured.

I would expect IBM to be in a similar situation. If they're laying of thousands of people and converting them to contractors, that's probably because it's been the trend since the recession. In fact, the trend of outsourcing IT work hasn't abated since 2000 as far as I know. Obamacare is, as someone else already pointed out, simply a convenient excuse. My dad works at IBM now so I can call him to confirm if you desire, but I'm pretty sure he has healthcare through IBM and thus IBM wouldn't need to change or pay any more because of Obamacare.

As far as workers being affected, I think the next year's worth of jobs data will be a decent guide to how the implementation actually affects employment. That is, if spending cuts don't force a ton of government employees into unemployment.

And as far as the tax for not participating, as with all progressive programs, the ACA offers refund or waivers (I forget which) on that tax for the lowest-income workers. Frankly, if you're unemployed, underemployed or working minimum wage, the ACA really can't hurt you. The only thing it can do is give employers further excuses to keep cutting your hours and replacing you with cheaper labor, but they've been doing that for decades.

posted about 11 years ago
#27 bp meaning in TF2 General Discussion

I think Tagg might have something to say about the meaning of "bp" in Bones's fragumentary.

posted about 11 years ago
#13 Really bad cold, does Zinc work in Off Topic

Yeah, zinc isn't terribly useful. If you really want to treat the symptoms, it probably won't HURT, but there are much better medicines out there.

posted about 11 years ago
#10 $60 in TF2 General Discussion

1st rule of marketing strategy: when in doubt, raise your prices.

posted about 11 years ago
#76 Tip of the Hats 2 Planning/Info in TF2 General Discussion

I already told someone I was up for the next round of this. Don't remember who I told, but I'll gladly help out.

posted about 11 years ago
#22 does anyone know anything about blood clots? in Off Topic

So sorry to hear this. We were all pulling for both of you.

posted about 11 years ago
#12 does anyone know anything about blood clots? in Off Topic

I'm afraid shoutcasting is not a medically valid procedure for the treatment of bloodclots. Otherwise I'd be a goddamn humanitarian or something.

posted about 11 years ago
#15 Top 5 TF2 bloopers - July 2013 in TF2 General Discussion

A blooper reel at the end would just kill me. Duder alternating between cracking up and shouting "god dammit" would be hilarious.

posted about 11 years ago
#10 does anyone know anything about blood clots? in Off Topic

My dad had a DVT clot thrown to his pulmonary artery late last year - he was in the hospital over Christmas. Lucky to be alive, since a clot thrown to the heart would have killed him. If your brother's in the hospital, there's pretty much no chance he'll die of this, but he may be stuck in the hospital for quite a while while he recovers, and then he might have to be on blood thinners for a month or two. My condolences, hope everything works out alright!

posted about 11 years ago
#3 Rome 2: Total War in Other Games

I tried playing as Sparta yesterday on Normal and went to attack Knossos. My army wasn't nearly large enough and I ragequit (had to wake up super early today anyway). Will start a new game, again as Sparta, probably this weekend.

posted about 11 years ago
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