Local News

[Charger]

Looks like Biden will be "getting his snack on" up in the big plane come the end of January.

Slow down, buddy.  Recounts to do and multiple court cases to be decided.  Long way to go yet.

Well it seems to a pretty slam dunk though. Granted the vote differences seem to be very small, but there are so many swing states Biden won I can't see the result changing so dramatically that it would change the result.


Now what we need to know is what the national debt of the US is at the moment and how many times bigger it will be after 2 years of Biden in the office and 2 especially 2 years after Harris in the office....

[Zzzptm]

Happy to help with the national debt discussion:



When we look at Reinhart and Rogoff's work on national debts, they point out that in the wake of a major economic crash, a nation will see the national debt increase by a factor of 180-250%. This goes back even to the pre-Keynesian 19th Century. This takes about 5-10 years to unwind. So, we look at the debt in 2008 and see that by 2016, we were at around 190% of the pre-crash amount. The USA is in a economic crash now, so we're going to have some major debt issues in the years to come in order to get through this rough patch. And while nations should be paying down the debt in good times, that doesn't happen... so we're starting this crash-fix at over 21 trillion instead of 2008's 10 trillion.

Now, can the nation handle having a 40-45 trillion debt? If interest rates are extremely low, zero, or negative, yes. Otherwise, no. If we see higher interest rates, then we're looking at a period of "soft" default, with the nation utilizing inflation and other measures to repay debt with money worth less than what was borrowed. Given that we still retain instabilities in the financial system that were not resolved in the years following 2008, the zero and negative interest rates are most likely, so that no financial entity has to undergo a day of reckoning that results in systemic shocks that collapse the global economy.

As long as the economic growth rate is higher than the rate of interest, then a nation can grow its way out of a problem and continually service its debt. I'd rather see that debt repaid and eliminated, but it's a much bigger job now than it was back when the Reagan tax cuts and spending increases first took it over the 1 trillion mark.

[Jack the Stripper]

Well at least the Trump supporters are taking it better than he is. No rioting, looting or burning of anything like what would be happening with the other mobs supporters had they lost.

[Charger]

Well at least the Trump supporters are taking it better than he is. No rioting, looting or burning of anything like what would be happening with the other mobs supporters had they lost.

Well ofcourse they are. Conservatives don't go around destroying people's livelyhoods and burn down entire cities just cause they are little upset. That's what the other side is all about.



Here is an interesting prediction about the US debt:


Looks scary as it is but this was done last year, before the pandemic and before a president with an insane spening mentality got into the office...so I'm projecting high number to be much much earlier.

And no. No country can just take on debt indefinitely. It just doesn't work that way. And what is so scary about this situation is that China has already acquired quite a bit of the US loans so if it carries on and if China will keep it's stronger economy going soon China will OWN the US.

[Typhon]

Looks like Biden will be "getting his snack on" up in the big plane come the end of January.

Slow down, buddy.  Recounts to do and multiple court cases to be decided.  Long way to go yet.

Well it seems to a pretty slam dunk though. Granted the vote differences seem to be very small, but there are so many swing states Biden won I can't see the result changing so dramatically that it would change the result.

If you think this is a "slam dunk", then you don't understand the process.  The alleged frauds only have to be proven in a couple of states in order to change the lead in electoral votes.  This will be decided in the courts.  As high as the Supreme Court, if necessary.

[Charger]

Looks like Biden will be "getting his snack on" up in the big plane come the end of January.

Slow down, buddy.  Recounts to do and multiple court cases to be decided.  Long way to go yet.

Well it seems to a pretty slam dunk though. Granted the vote differences seem to be very small, but there are so many swing states Biden won I can't see the result changing so dramatically that it would change the result.

If you think this is a "slam dunk", then you don't understand the process.  The alleged frauds only have to be proven in a couple of states in order to change the lead in electoral votes.  This will be decided in the courts.  As high as the Supreme Court, if necessary.

Yeah I get that. But so far no frauds have been proven and I think they might be pretty hard to prove anyways.

Also I don't really think it would be in Trump's best interest to drag this on...he is already so unpopular and fighting this would just increase that even more.

So unless there comes some 100% certain evidence of fraud or stolen votes this should be a done deal. I know that Trump is not a very good loser but I think he just needs to take the hit and move on.

[KiloDeltaCharlie]

^^^
I usually keep out of these political debates, but hey ho!

I disagree, Trump is very popular, his votes are the second highest ever recorded, and he increased his vote by several million... it's just that Biden got millions more ths time round.

Recounts only change the outcome by around 1-200 votes so there's little hope that Georgia and Wisconsin will change hands.

Regarding the fraud, Trump has stated there is fraud but has not actually presented any evidence. This includes in states where the count was controlled by Republican officials!

Can I just say that while I may prefer Democrats I don't mind Republicans if they seem fit for the job. However, I absolutely detest Trump, he is so unworthy of the power he wields, and comes across as a 74 year old baby throwing tantrums whenever he doesn't get his way.

[Charger]

Actually Trump is probably the least popular president in history.

The ammount of votes he got wasn't because he'd be popular but it's because of Biden. Just like the last time the vast majority had to choose between two horrible candidates. But party loyalty is what comes first and fore most.

And in most cases it is valid for both sides too. You HAVE to chose one so that's the way it goes.

There are a lot people saying they would have rather voted nearly ANYONE else than Trump or Biden but they had to choose between those two and obviously then it goes by party.

The reason for the record high vote numbers was the record high voting percentage.

That's my view on the matter anyways...and I might be very very wrong too..as I usually tend to be anyways.

[KiloDeltaCharlie]

^^^
You could be right about voting on party lines.

The problem with Biden is he doesnl't seem to have much of a personality, but let's hope his nearly 50 years of experience makes him a good choice. I think he will stand down in 24 and hopefully someone with a good personality and integrity will arise!

BTW there was a 3rd choice... Kanye West got 60,000 votes and is now talking about running again in 24!

[Tyr66]

The Vendée Globe Race: go !!
A race around the world for 33 skippers, alone in a boat for 74 days.





Godspeed , guys !

[KiloDeltaCharlie]

^^^
It's the only yachting race I'm interested in, the America's Cup seems like a rich boy competition.

Four Brits this time around, Alex Thompson has our best chance.

[Vyn]

Simply completing the circuit requires extraordinary focus and determination. Winning it is an accomplishment!

[Charger]

Now that sounds like quite the event!

[Charger]

I think he will stand down in 24 and hopefully someone with a good personality and integrity will arise!

I seriously doubt he'll make it to 24. In fact I'm pretty sure he won't. He has clear signs of dementia already and even the democratic party (namely the wicked witch herself Pelosi) has already taken steps in how to remove him from office.
Scary times.

BTW there was a 3rd choice... Kanye West got 60,000 votes and is now talking about running again in 24!

Hahah! Oh yeah indeed...good old Kanye.

[Typhon]

Looks like Biden will be "getting his snack on" up in the big plane come the end of January.

Slow down, buddy.  Recounts to do and multiple court cases to be decided.  Long way to go yet.

Well it seems to a pretty slam dunk though. Granted the vote differences seem to be very small, but there are so many swing states Biden won I can't see the result changing so dramatically that it would change the result.

If you think this is a "slam dunk", then you don't understand the process.  The alleged frauds only have to be proven in a couple of states in order to change the lead in electoral votes.  This will be decided in the courts.  As high as the Supreme Court, if necessary.

Yeah I get that. But so far no frauds have been proven and I think they might be pretty hard to prove anyways.

Also I don't really think it would be in Trump's best interest to drag this on...he is already so unpopular and fighting this would just increase that even more.

So unless there comes some 100% certain evidence of fraud or stolen votes this should be a done deal. I know that Trump is not a very good loser but I think he just needs to take the hit and move on.

"Taking the hit" makes zero sense because that is not the issue.  The most important issue is that the citizens remain confident that elections are fair and that their votes matter.  This is more important than who the winner is.  It has nothing to do with sore losers, or dragging anything on, or anything else.   That's why questionable behavior and highly unusual circumstances have to be investigated.