Debt. . F. If your house was '' would you raise the ceiling or pump out the water?. I hate this post because economics, and government debt in particular, is really complicated. Simple metaphors like this don't help people understand whats wron
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[ 51 comments ]
What do you think? Give us your opinion. Anonymous comments allowed.
#3 - airquakes (02/23/2014) [-]
I dont know..a ground level swimming pool is pretty hardcore.
User avatar #24 - sonsofsol (02/24/2014) [-]
Because money works like water guys.
#7 - bobfreakingdole (02/24/2014) [-]
I hate this post because economics, and government debt in particular, is really ******* complicated. Simple metaphors like this don't help people understand whats wrong, so people start proposing retarded ass solutions like its pure brilliance
User avatar #10 to #7 - wellimnotsure (02/24/2014) [-]
Alright troll, this doesn't say anything about politics being uncomplicated. It makes a point that simply raising the ceiling doesn't help with the problem in either situation. It says eliminating the problem is what is required. If you've ever pumped water out of a flooded area, you'd know its hard ******* work and logistically complicated. Think before you type you ignorant cunt.
#11 to #10 - bobfreakingdole (02/24/2014) [-]
You clearly have no idea what your talking about. I'm just going to go ahead and stop participating in this conversation
#21 to #10 - anon (02/24/2014) [-]
bob like its because he's on the dole. changing anything might mean he needs to get a job or provide for society in some way.
User avatar #8 to #7 - pebar (02/24/2014) [-]
How Big Is the U.S. Debt?
Does Government Have a Revenue or Spending Problem?
How to Fix Our Fiscal Crisis The simplicity of the post doesn't change the fact that the government has a problem.
#9 to #8 - bobfreakingdole (02/24/2014) [-]
it does have a problem, but if we are going to fix it people need to understand it. This kind of over-simplification doesn't help people understand.
User avatar #22 to #8 - butwhynot (02/24/2014) [-]
This is borderline retarded. The guy is compairing obligations over possibly several decades to the income of the US in 1 year. On top of that national debt doesn't work like a household holding debt.

I can understand that people don't have the time to study these matters into detail but at the very least you should read this to get an idea. Obligatory reading: [spoiler]www.nytimes.com/2012/01/02/opinion/krugman-nobody-understands-debt.html?_r=0[/spoiler]
#28 to #22 - anon (02/24/2014) [-]
>citing Krugman
User avatar #52 to #28 - butwhynot (02/26/2014) [-]
So what you are telling me is that you base the merit of someone's writing solely on whether you like someone or not. Well let's hope Krugman will never write anything about the existence of gravity, or you will be obligated to start floating.

I think the aforementioned Dunning-Kruger effect deserves another mention.
#30 to #22 - pebar (02/24/2014) [-]
Krugman is a keynesian ******** . Short run fluctuations in people's income do not change their MPC so there is no multiplier so fiscal policy to combat a recession is a joke. Long run deficit spending is little more than using a credit card too pay off debt.
#34 to #30 - anon (02/24/2014) [-]
"Short run fluctuations in people's income do not change their MPC so there is no multiplier so fiscal policy to combat a recession is a joke."
LOL you can't possibly be this dumb. Not surprising you'd hide the core of your argument behind an acronym that, if you spelled it out, everyone could clearly see that you have no idea what you are talking about.
It's Marginal Propensity to Consume. And your Marginal Propensity to Consume increases as your income goes down. IT'S AN ECONOMIC IDENTITY!!! Not only that but it's the most obvious phenomena in the world. Anyway the relationship between MPC and the velocity of money has nothing to do with Keynesian economics which advocates counter-cyclical spending- it's just a general argument for redistribution. Keynesian economics has nothing to say about distribution.
Have you ever heard of the Dunning-Kruger effect? Because you've got a real bad case.
#38 to #35 - anon (02/24/2014) [-]
"The permanent income hypothesis (PIH) is a theory of consumption that assumes rational behavior by agents"

LOL
Assume a spherical economy in a vacuum...

Just so everyone understands how stupid this is, the Permanent Income Hypothesis assumes that everyone in the world knows exactly what their lifetime income will be and spends their present money based on it, and that their spending does not change when they have less actual income because they know they will even out over the course of their life. It's hard to even write this down without losing brain cells.
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User avatar #36 to #7 - infinitereaper (02/24/2014) [-]
When I play a video game, and my money goes into red and I spend more than I make I lose the game. It really shouldn't be that complicated. The government ****** up.
#46 to #36 - ReyJavikVI (02/24/2014) [-]
Newsflash: The world is not a video game.
User avatar #47 to #46 - infinitereaper (02/24/2014) [-]
That's kind of the point
#25 to #7 - anon (02/24/2014) [-]
bob dole, help me understand why cutting part of the astronomically high military budget to help pay off the debt wouldn't work.
User avatar #12 - Lambda ONLINE (02/24/2014) [-]
I'd invest in a canoe and carry on as usual.
User avatar #17 - drunkasaurus (02/24/2014) [-]
well. If the solution to debt was to just get rid of the debt then I'm pretty ******* sure that's what they would have done. They're not just defaulting on loans and raising the debt ceiling for funsies
#40 - powerfapping (02/24/2014) [-]
Let me handle this like I handle most political posts:

1. Realize that I, OP, the comments, and most people viewing the content have no real grasp on such an issue.

2. Try not to scroll down too far.

3. Go make my own opinions, with blackjack, and hookers.
User avatar #44 - wthree (02/24/2014) [-]
If your country was in debt.

Would you try and tackle the problem with economics, or try to simplify it using an unrelated analogy?
#19 - ilikecawk (02/24/2014) [-]
Really FJ... I get enough of this 			****		 on Facebook. At least only one person so far has said something stupid and it was a 			********		. At least there was no "OMG Obamas should totally like cut his paycheck to pay for it all xDDDDDD"
Really FJ... I get enough of this **** on Facebook. At least only one person so far has said something stupid and it was a ******** . At least there was no "OMG Obamas should totally like cut his paycheck to pay for it all xDDDDDD"
#51 - eullownu (02/25/2014) [-]
Well if this metaphor could be accurate wouldn't all the water have ruined the house anyways?
#50 - murphypop (02/24/2014) [-]
Economic action can take months to affect the national debt. If you don't start by raising the debt ceiling, the country defaults before any austerity measures come into play, ruining America's economy and our status as a superpower.
User avatar #49 - nought ONLINE (02/24/2014) [-]
Because if you don't raise the ceiling, you'll drown before you're able to pump out the water.
#48 - makutasfinest (02/24/2014) [-]
Oh boy, more edgy economics.
Oh boy, more edgy economics.
#32 - anon (02/24/2014) [-]
We are all aware that fix the debt is the creation of a small number of billionaires who want to cut the top marginal tax rate and eliminate social security & medicare, no? And that's why they create these bizarre and facile analogies, so people don't understand what they're actually trying to do? It's a propaganda organization targeting the young and ignorant with ludicrous scaremongering and lies. I mean, honestly, if you find yourself nodding along to Fix the Debt propaganda you really need edjumacate yourself about government finances.
#39 to #32 - anon (02/24/2014) [-]
Then obviously, this is some american thing that went completely over my head, because I though it was more about: If you're already in debt, stop making it bigger and start paying it out.... which makes sense, but I was wrong, apparently...
User avatar #31 - reginleif ONLINE (02/24/2014) [-]
OP nobody here is pro massive amounts of debt, the trick isn't whether to lower debt but how to lower it.

Even amongst the most fierce Tea Party advocates there is an apprehension when it comes to cutting the millitary, the worst offender in the debt.

Maybe instead of cutting we can trim? Nope, because people in their districts work building tanks the Army doesn't need anymore. The "fiscal conservative" all of a sudden doesn't want to cut THAT.

You need to login to view this link

And you KNOW how the Democrats feel about any further cuts to social services. :/

Point is, finding places to cut is real ******* hard.
User avatar #33 to #31 - penguinsinc (02/24/2014) [-]
My philosophy with government is less the better. That includes the military. If we could get our military out of every country but ours, that'd be great. Defiantly cut down on the debt.
#29 - Hightower (02/24/2014) [-]
This just shows a total lack of understanding of how the economy works.
User avatar #23 - jewsburninindaoven (02/24/2014) [-]
But the water is completely theoretical. You see, other countries have iou's. We have a better military. So how the **** do they think they're gonna cash them in?
User avatar #27 to #23 - pebar (02/24/2014) [-]
Like 80% of America's debt is owed to its own people
User avatar #13 - stenchschleifs (02/24/2014) [-]
Or, america could invest in repaying their debt, instead of trying to claim land in irak the will never get.
User avatar #14 to #13 - pebar (02/24/2014) [-]
It's impossible to pay America's debt without cutting spending.
#15 to #14 - anon (02/24/2014) [-]
If you owe the bank money on your house do you get a job or stop buying food?
User avatar #26 to #15 - pebar (02/24/2014) [-]
don't buy a ******* house if you can't afford it
User avatar #16 to #15 - stenchschleifs (02/24/2014) [-]
If you have a job, a debt, and a Ford V8 pick-up that you spends several thousand on each month. Do you sell the money consuming Pick-up for a smaller and more economical car or do you keep driving it in hopes for that everything will be alright?
User avatar #18 to #13 - drunkasaurus (02/24/2014) [-]
too bad for you that we already jacked a **** load of oil while we were there without asking, and that's all we wanted the land for anyway.
#6 - anon (02/24/2014) [-]
the economy is a house thats flooded, omg your so deep I cant see you cause your drowning in knowledge/debt.
#5 - anon (02/24/2014) [-]
The roof is not my son... But I will raise it
User avatar #45 to #5 - wthree (02/24/2014) [-]
I've got a grate ta' flip.
User avatar #4 - orkoapprentice (02/24/2014) [-]
OP is Kind of forgetting there that pumping out the water won't do **** if the house is in a flood zone. In other words, there's another world outside this metaphorical house.
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