Difficulty skyrocketing! - page 3. | Bitcointalksearch.org

rezin777

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Activity: 154

Merit: 100

Quote from: Justsomeforumuser on May 18, 2011, 09:33:59 AM

It's "your" fault.

I agree. Anyone who continues to pay taxes while complaining about how their tax money is spent is a hypocrite.

Required disclaimer: I'm not suggesting you don't pay taxes. I'm suggesting you learn to live your life legally while paying as few taxes as possible. Yeah, it's not easy, but shit, do you have a spine or not?

Longmarch

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Activity: 131

Merit: 100

Quote from: grondilu on May 16, 2011, 07:56:57 PM

how stupid ... What's the point ... congress ... It's a joke, right?

Terrible side effect of democracy: legislators.

benjamindees

legendary

Activity: 1330

Merit: 1000

Quote from: Justsomeforumuser on May 18, 2011, 09:33:59 AM

Here, you guys try making the decisions:

http://www.nytimes.com/interactive/2010/11/13/weekinreview/deficits-graphic.html

Quote

Use an alternate measure for inflation

Some economists believe that the Consumer Price Index overstates inflation, giving Social Security recipients larger cost-of-living increases than necessary. This option would use a different, lower inflation measure both for Social Security and in the tax code (thus pushing more households into higher brackets over time). Supporters say the lower measure is more accurate. Opponents say it is less accurate for the elderly, who buy a different mix of goods and services than other households.

lol wut?

Anyways, it took about five minutes to get a $65 billion surplus by 2015 and a $450 billion surplus by 2030. And I could've done a much better job with a bit more granularity.

http://www.nytimes.com/interactive/2010/11/13/weekinreview/deficits-graphic.html?choices=3xp7800c

error

hero member

Activity: 588

Merit: 500

Quote from: evoorhees on May 18, 2011, 03:46:15 PM

Quote from: Justsomeforumuser on May 18, 2011, 09:33:59 AM

My point being: for every cent spent, there's a huge lobby or audience that is going to cry "We will vote for whoever continues spending this!". Nobody accepts cuts. That doesn't change, debt doesn't change.

Simple. But want your cake and eat it, too? Does not work.

I'm happy to accept all cuts of all US Federal Government "services" in return for my taxes back. I don't want their cake.

The cake is a lie.
The cake is a lie.
The cake is a lie.
The cake is a lie.

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

Quote from: Justsomeforumuser on May 18, 2011, 09:33:59 AM

My point being: for every cent spent, there's a huge lobby or audience that is going to cry "We will vote for whoever continues spending this!". Nobody accepts cuts. That doesn't change, debt doesn't change.

Simple. But want your cake and eat it, too? Does not work.

I'm happy to accept all cuts of all US Federal Government "services" in return for my taxes back. I don't want their cake.

Justsomeforumuser

member

Activity: 84

Merit: 10

It's "your" fault.

If they cut spending on the military, the right whines America is now defenseless.

Kill medicare and you kill real people.

Raise taxes and the economy might stutter. Get out of foreign countries and maybe regret it later.

Etc.

My point being: for every cent spent, there's a huge lobby or audience that is going to cry "We will vote for whoever continues spending this!". Nobody accepts cuts. That doesn't change, debt doesn't change.

Simple. But want your cake and eat it, too? Does not work.

Here, you guys try making the decisions:

http://www.nytimes.com/interactive/2010/11/13/weekinreview/deficits-graphic.html

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

Quote from: em3rgentOrdr on May 17, 2011, 05:15:18 AM

So let me guess. The politicians and media people are going to yabber about the ceiling and blame the other party for the debt. Then they will procrastinate in actually raising the debt ceiling until the very last minute. Then they will threaten a government shutdown and try to frame the other party as being responsible for why any of your friends who work for the US are stuck without a job. Then they will miraculously stitch together a hideous bill that no one actually likes, but they manage to pass it by strategically adding pork, strangely-worded clauses, and appending entirely unrelated bills to it. They they will tell us that they didn't want to do it, but that they were forced to and had no choice.

You make it sound so simple! Why is it that so few people understand that that is exactly what's going on? Oh right, because they were educated in a school system run by the same people.

FooDSt4mP

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The saddest part is it looked like it could turn around until 2011 came around and the US went to war with an emotion. And we funded nearly all of the war on "fear and the people who make us feel that way" with debt. The people who wanted to see the US fall could not have hoped for a better reaction. We sacrificed out liberties, our economy, and our dignity in an effort to regain the illusion that we are safe. As long as there is envy, a single man with a few materials from Walmart can disprove that illusion. And the best way to combat envy is to help your neighbor when you can. America's national unity has been fractured in a very severe way as the gap between debt holders and debtors grows. Hopefully, bitcoin will help balance things out as debt holders will be slower to adopt a deflationary currency. If not, anyone who doesn't have an escape plan is in for a world of hurt.

hazek

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Activity: 1078

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Limit? What limit? They raised it every fking time they were close to or at limit? What good is a limit of which it's purpose get's completely ignored by an increase every single time you reach it. It's no limit at all. Printing away, stealing our wealth with an invisible hand while trying to maintain an illusion of fiscal responsibility. That's what it really is.

em3rgentOrdr

sr. member

Activity: 434

Merit: 252

youtube.com/ericfontainejazz now accepts bitcoin

So let me guess. The politicians and media people are going to yabber about the ceiling and blame the other party for the debt. Then they will procrastinate in actually raising the debt ceiling until the very last minute. Then they will threaten a government shutdown and try to frame the other party as being responsible for why any of your friends who work for the US are stuck without a job. Then they will miraculously stitch together a hideous bill that no one actually likes, but they manage to pass it by strategically adding pork, strangely-worded clauses, and appending entirely unrelated bills to it. They they will tell us that they didn't want to do it, but that they were forced to and had no choice.

cschmitz

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Merit: 10

i think we will see a diff close to 300k on the next update.

evoorhees

legendary

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Democracy is the original 51% attack

Congress has been asked many dozens of times to raise the debt ceiling. It has never refused - not once.

The idea that there is a ceiling at all is a greater fantasy than the fiat currency they're using to breach it.

Malamute

newbie

Activity: 2

Merit: 0

NPR just ran a story on All Things Considered today with a little history about the US debt ceiling and what they used to do before Congress implemented this policy: http://www.npr.org/blogs/money/2011/05/16/136363196/the-history-of-the-debt-ceiling

FreeMoney

legendary

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Strength in numbers

Quote from: rezin777 on May 16, 2011, 08:09:58 PM

Quote from: grondilu on May 16, 2011, 07:56:57 PM

Oh my god, how stupid is that!??

I guess it's brilliant if you are the one spending the money and have no morals?

It's still silly. If you set your own credit card limit you don't really have a limit do you?

rezin777

full member

Activity: 154

Merit: 100

Quote from: grondilu on May 16, 2011, 07:56:57 PM

Oh my god, how stupid is that!??

I guess it's brilliant if you are the one spending the money and have no morals?

Littleshop

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Activity: 1386

Merit: 1004

Quote from: grondilu on May 16, 2011, 07:56:57 PM

Oh my god, how stupid is that!??

What's the point of having a debt ceiling if congress keeps increasing it each time it is reached?

It's a joke, right?

No, unfortunately this is true. They will raise the ceiling again soon.

grondilu

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Activity: 1288

Merit: 1080

Quote from: Stephen Gornick on May 16, 2011, 06:42:11 AM

Oh my god, how stupid is that!??

What's the point of having a debt ceiling if congress keeps increasing it each time it is reached?

It's a joke, right?

grue

legendary

Activity: 2058

Merit: 1462

profitability will keep difficulty in check.

Stephen Gornick

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Activity: 2506

Merit: 1010

Well, the difficulty in keeping the U.S. debt from increasing exponentially, that is -- which then necessitates a vote to raise the debt ceiling (in red).

- http://www.washingtonpost.com/national/bumping-the-ceiling/2011/05/15/AFKT7Q4G_graphic.html

Doesn't look too terribly much different than Bitcoin's difficulty adjustments (red):

Topic: Difficulty skyrocketing! - page 3. (Read 7424 times)