Investor calls the US a "meth addict"

Discussion in 'Stock Market' started by Katzndogz, Oct 2, 2012.

  1. Katzndogz
    Offline

    Katzndogz Diamond Member

    Joined:
    Sep 27, 2011
    Messages:
    65,659
    Thanks Received:
    7,418
    Trophy Points:
    1,830
    Ratings:
    +8,337
    Says real deficit is 76 trillion dollars and growing.

    US a $76 Trillion Debt 'Crystal Meth' Addict, Says PIMCO's Bill Gross - IBTimes UK

    "The US and its fellow serial abusers have been inhaling debt's methamphetamine crystals for some time now, and kicking the habit looks incredibly difficult," he writes. "The US, in fact, is a serial offender, an addict whose habit extends beyond weed or cocaine. Uncle Sam's habit, say these respected agencies, will be a hard (and dangerous) one to break."
     
  2. iamwhatiseem
    Offline

    iamwhatiseem Gold Member

    Joined:
    Aug 19, 2010
    Messages:
    14,833
    Thanks Received:
    3,114
    Trophy Points:
    280
    Location:
    Virginia
    Ratings:
    +6,128
    [shrugs]...the deficit is not $76 trillion. Because it counts future expenses as debt.
    That is the same as you counting your utilities, food, gas etc etc. as debt.
     
    • Thank You! Thank You! x 1
  3. TruthSeeker56
    Offline

    TruthSeeker56 Silver Member

    Joined:
    Jul 19, 2011
    Messages:
    2,899
    Thanks Received:
    482
    Trophy Points:
    98
    Location:
    New Hampshire
    Ratings:
    +496
    Really? So what happens if you lose your job (assuming that you work, of course) and you suddenly can't pay your electric bill and your cable bill and your phone bill, and you can't pay for gas for your car, and you can't buy food at the grocery store?

    Where do you get the money to SURVIVE? Maybe use a credit card as a temporary fix? Maybe borrow money from a family member or a friend?

    Or maybe you just go to the local "human services" office and sign up for food stamps and medicaid and subsidized housing, which is paid for by BORROWED money courtesy of your state and federal government.

    DEBT comes in many forms. I know that's hard for you leftists to believe.

    Owing money to somebody is called a DEBT. Is that simple enough?
     
    Last edited: Oct 2, 2012
  4. waltky
    Offline

    waltky Wise ol' monkey Supporting Member

    Joined:
    Feb 6, 2011
    Messages:
    20,898
    Thanks Received:
    1,792
    Trophy Points:
    215
    Location:
    Okolona, KY
    Ratings:
    +3,888
    Cheap meth comin' from Mexico...
    :mad:
    Cartels flood US with cheap meth
    October 11, 2012 — Mexican drug cartels are quietly filling the void in the nation's drug market created by the long effort to crack down on American-made methamphetamine, flooding U.S. cities with exceptionally cheap, extraordinarily potent meth from factory-like "superlabs."
     
  5. whitehall
    Offline

    whitehall Gold Member

    Joined:
    Dec 28, 2010
    Messages:
    27,876
    Thanks Received:
    4,349
    Trophy Points:
    290
    Location:
    Western Va.
    Ratings:
    +10,857
    The analogy might not be too bad. Too bad the country that just discovered that the most popular name for male babies is Mohammed can't get their own asses out of hock.
     
  6. ROLAND
    Offline

    ROLAND Member

    Joined:
    Feb 21, 2013
    Messages:
    50
    Thanks Received:
    2
    Trophy Points:
    6
    Ratings:
    +2
    Ok why do we allow the pharmacies to supply the key ingredient for meth cooking., I think the US should ban the sale of psuedoeffedrine products wthout a doctors perscription., An anyone covicted of a meth related offense shouldn't be allowed to have boxes of pills used to cook meth ever again,,. for every two boxes of pills used in the shake an bake method approx one quart of coleman fuel ends up in our sewer system Millions of boxes of pills are used to cook meth every year
     
  7. Katzndogz
    Offline

    Katzndogz Diamond Member

    Joined:
    Sep 27, 2011
    Messages:
    65,659
    Thanks Received:
    7,418
    Trophy Points:
    1,830
    Ratings:
    +8,337
    Is it just the liberals who don't understand that comparing the US to a meth addict has nothing to do with meth?
     
  8. SteadyMercury
    Offline

    SteadyMercury Gold Member

    Joined:
    Jan 1, 2013
    Messages:
    4,730
    Thanks Received:
    1,187
    Trophy Points:
    190
    Ratings:
    +1,526
    Yes, debt comes in many forms.

    No, a future electric bill that isn't due yet is not one of them. A characteristic of debt is that you owe it, as in you have an obligation for the service/product/etc. which is not the case for electricity that hasn't been used and hasn't been billed.

    Future expenses are not debt.
     

Share This Page