Investor calls the US a "meth addict"

[Katzndogz]

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."

 

[iamwhatiseem]

[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.

 

[TruthSeeker56]

[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.

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?

 

[waltky]

Cheap meth comin' from Mexico...

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."

Although Mexican meth is not new to the U.S. drug trade, it now accounts for as much as 80 percent of the meth sold here, according to the Drug Enforcement Administration. And it is as much as 90 percent pure, a level that offers users a faster, more intense and longer-lasting high. "These are sophisticated, high-tech operations in Mexico that are operating with extreme precision," said Jim Shroba, a DEA agent in St. Louis. "They're moving it out the door as fast as they can manufacture it." The cartels are expanding into the U.S. meth market just as they did with heroin: developing an inexpensive, highly addictive form of the drug and sending it through the same pipeline already used to funnel marijuana and cocaine, authorities said.

Seizures of meth along the Southwest border have more than quadrupled during the last several years. DEA records reviewed by The Associated Press show that the amount of seized meth jumped from slightly more than 4,000 pounds in 2007 to more than 16,000 pounds in 2011. During that same period, the purity of Mexican meth shot up too, from 39 percent in 2007 to 88 percent by 2011, according to DEA documents. The price fell 69 percent, tumbling from $290 per pure gram to less than $90. Mexican meth has a clearer, glassier appearance than more crudely produced formulas and often resembles ice fragments, usually with a clear or bluish-white color. It often has a smell people compare to ammonia, cat urine or even burning plastic. "You can look at it and see it has a much more pure look," said Paul Roach, a DEA agent in Denver.

The rise of Mexican meth doesn't mean American labs have disappeared. The number of U.S. meth labs continues to rise even as federal, state and local laws place heavy restrictions on the purchase of cold and allergy pills containing pseudoephedrine, a major component in the most common meth recipe. The crackdowns that began a decade ago have made it more difficult to prepare large batches, so many American meth users have turned to a simpler method that uses a 2-liter soda bottle filled with just enough ingredients to produce a small amount of the drug for personal use. But south of the border, meth is being made on an industrial scale. Sophisticated factories put out tons of the drug using formulas developed by professional chemists. The final product often is smuggled into the U.S. taped beneath tractor-trailers or hidden inside packages of other drugs.

While clandestine U.S. labs generally supply rural areas, Mexican meth is mostly targeted to urban and suburban users. Increasingly large quantities are turning up in dozens of American cities, including Dallas, Phoenix, Denver, Chicago, St. Louis and Salt Lake City, according to the DEA. The marketing format follows a well-established pattern. By simultaneously increasing the purity and cutting the price, the cartels get people hooked and create a new customer base. "They're marketing geniuses," said Jack Riley, the agent in charge of the DEA office in Chicago. When Illinois authorities recently confiscated 1,000 pounds of Mexican marijuana, they found 10 pounds of meth hidden among the pot — essentially a free sample for the distributor to give out to drug users, Riley said. Until recently, meth was seldom seen in major urban areas, except in biker gangs and parts of the gay community, Riley said.

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[whitehall]

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."

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.

 

[ROLAND]

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

 

[Katzndogz]

Is it just the liberals who don't understand that comparing the US to a meth addict has nothing to do with meth?

 

[SteadyMercury]

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?

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.