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-   -   US finance simplified (http://www.cigarasylum.com/vb/showthread.php?t=44243)

BC-Axeman 03-30-2011 09:24 PM
US finance simplified
 
From a Cybercast news article today:

"Imagine that you had an average monthly income of about $170 balanced against average monthly expenses of about $940--and that you were more than $14,000 in debt. Then imagine that as of today, you had only $58.60 in cash left in your bank account and $130.50 left on your line of credit. Now multiply these numbers by 1 billion and you will have the up-to-date financial situation of the U.S. government."

Now imagine you can just print more money.
And that you can keep borrowing.

HollywoodQue 03-30-2011 09:33 PM
Re: US finance simplified
 
Damn, ungood

hscmit 03-30-2011 09:36 PM
Re: US finance simplified
 
in before the lock!

BC-Axeman 03-30-2011 09:41 PM
Re: US finance simplified
 
I can't see how this will get out of hand. There is nothing political at all about this. It should be a reality check.

hscmit 03-30-2011 09:45 PM
Re: US finance simplified
 
I dont think there is anything inflammatory in the first post, but have seen similar, sobering, type statements start debate about solutions and as soon as that starts it typically goes down hill

bobarian 03-30-2011 09:48 PM
Re: US finance simplified
 
Quote:
Originally Posted by hscmit (Post 1222303)
in before the lock!
:tpd: Sorry Lance, this thread has "Crash and Burn" written all over it. :sh

JaKaacH 03-30-2011 09:51 PM
Re: US finance simplified
 
A million a day...for 2,739 years= 1 trillion..;s

BC-Axeman 03-30-2011 09:51 PM
Re: US finance simplified
 
Quote:
Originally Posted by hscmit (Post 1222313)
I dont think there is anything inflammatory in the first post, but have seen similar, sobering, type statements start debate about solutions and as soon as that starts it typically goes down hill
Yep. This is only a snapshot of the current situation before the new budget passes. The solutions are not for anyone here to suggest, unless they are involved.
I'm pretty sure the solutions will involve the mentioned borrowing and printing, though.:D

BC-Axeman 03-30-2011 09:54 PM
Re: US finance simplified
 
Quote:
Originally Posted by bobarian (Post 1222315)
:tpd: Sorry Lance, this thread has "Crash and Burn" written all over it. :sh
Not if we stay mature and stick to the rules. I trust we will. I may have undue faith in my fellow inmates. Still, the OP has a useful perspective that is worth viewing.

loki 03-30-2011 10:03 PM
Re: US finance simplified
 
Quote:
Originally Posted by BC-Axeman (Post 1222320)
Yep. This is only a snapshot of the current situation before the new budget passes.
you mean the budget that will put a million people out of work? sorry that's not going to help anything

pnoon 03-30-2011 10:38 PM
Re: US finance simplified
 
10 posts in and we're a whisper away from this being shut down.
:2

bvilchez 03-30-2011 11:04 PM
Re: US finance simplified
 
Quote:
Originally Posted by pnoon (Post 1222362)
10 posts in and we're a whisper away from this being shut down.
:2
Could that be a new record?

Skywalker 03-30-2011 11:48 PM
Re: US finance simplified
 
Sounds like the finances I had in my college days!!!:D

GolfNut 03-30-2011 11:52 PM
Re: US finance simplified
 
Ibtl

no whispering in this thread :D

kgoings 03-31-2011 12:16 AM
Re: US finance simplified
 
..... on second hand I'll let it go beyond 15 before lock. :tu

IBTL

benedic08 03-31-2011 12:19 AM
Re: US finance simplified
 
Still Going! Duh! #WINNING!

Bill86 03-31-2011 12:23 AM
Re: US finance simplified
 
Lets get this thread to 20 :tu

IBTL

emopunker2004 03-31-2011 12:25 AM
Re: US finance simplified
 
;s

mariogolbee 03-31-2011 12:31 AM
Re: US finance simplified
 
Thank you for giving some perspective, Lance.

RevSmoke 03-31-2011 06:38 AM
Re: US finance simplified
 
And that's why I'm nervous about our future.

If my finances were like the government's, they'd throw me in jail for fraud.

Peace of the Lord be with you.

jmsremax 03-31-2011 06:46 AM
Re: US finance simplified
 
21!

MiamiE 03-31-2011 06:54 AM
Re: US finance simplified
 
Why are political discussions not allowed?

replicant_argent 03-31-2011 06:56 AM
Re: US finance simplified
 
Quote:
Originally Posted by MiamiE (Post 1222571)
Why are political discussions not allowed?
http://www.cigarasylum.com/vb/announcement.php?f=48

MiamiE 03-31-2011 07:00 AM
Re: US finance simplified
 
Yes I know they have the right to remove the threads, but I am just wondering why?

jmsremax 03-31-2011 07:15 AM
Re: US finance simplified
 
Quote:
Originally Posted by MiamiE (Post 1222571)
Why are political discussions not allowed?
Things can escalate realllll quick or at least that is what I have seen happen in the past. :2

awsmith4 03-31-2011 07:20 AM
Re: US finance simplified
 
Quote:
Originally Posted by MiamiE (Post 1222574)
Yes I know they have the right to remove the threads, but I am just wondering why?
Because this is an asylum, a place to relax and enjoy friendship. Politics are not relaxing.

357 03-31-2011 07:24 AM
Re: US finance simplified
 
Politics has the ability to polarize even close friends. Basically it is outside the scope of this community. If you want to argue politics there are dozens of other forums where you can do that. CA is for exploring the cigar culture and some other related vices like spirits, good food, and a few other tobacco products.

MiamiE 03-31-2011 07:25 AM
Re: US finance simplified
 
Understood and it makes sense. Same with religion!

md4958 03-31-2011 07:50 AM
Re: US finance simplified
 
Quote:
Originally Posted by MiamiE (Post 1222597)
Understood and it makes sense. Same with religion!
Neither of which are allowed as topics of discussion here.

poker 03-31-2011 08:11 AM
Re: US finance simplified
 
While I understand that we all want to view ourselves as mature adults that can hold a intellectual debate without it getting out of hand, history has proven it never works when it comes to politics (at least on the boards I have moderated over the years). The nature of how political threads go downhill is not limited to just cigar boards either.

I found this little tidbit at another non-cigar related board:

Quote:
Ok, some have asked why the Mods/Admins basically don't allow any political topics on xxxxxxxxxxxx.com. I'll do my best to explain.

Back in the day, we had a sub-forum called the xxxxx room. This forum was a place where politically, religiously or other special interest or other such motivated topics could be discussed freely, within reason, and governed by the forums Terms of Use and Code of Conduct. Sadly, this was never achieved.

At the start, the room was great. Members were able to state their personal opinion about political, religious, or other various, related topics that couldn't be posted in other sub-forums. It really was a great way to blow off steam and actually learn more about other members and what motivated their thoughts and beliefs. However, this didn't last, and when it went south, it went south FAST.

What we ended up with was a cess pool of personal insults, back biting, cheap shots and other various forms of nefarious childishness that none of the Mods/Admins were comfortable with. It became a NIGHTMARE to Moderate as most of the Mods wouldn't even go into the room if given a choice. At this point I was only a mod, and I HATED going into that forum for that reason alone.

The end result was this: 12 members in good standing were either banned for COC/TOU violations OR left the forum by their own choice. To me, that was devestating as I NEVER want to lose a member over childish machisimo posturing, "my candidate is bigger and badder than your candidate, can beat him/her up, and is the best choice, for these reasons and I don't care what you think!!!!" This is all this entire sub-forum consisted of, I kid you not.
Is this what we want for Cigar Asylum? I think not.

icehog3 03-31-2011 08:13 AM
Re: US finance simplified
 
Quote:
Originally Posted by poker (Post 1222672)
While I understand that we all want to view ourselves as mature adults that can hold a intellectual debate without it getting out of hand, history has proven it never works when it comes to politics (at least on the boards I have moderated over the years). The nature of how political threads go downhill is not limited to just cigar boards either.

I found this little tidbit at another non-cigar related board:



Is this what we want for Cigar Asylum? I think not.
I agree, Kelly...I have seen it make enemies out of good friends more than once.

Skywalker 03-31-2011 08:14 AM
Re: US finance simplified
 
20 Posts achieved!!!:noon

icehog3 03-31-2011 08:16 AM
Re: US finance simplified
 
OK....I think we're done here?

pnoon 03-31-2011 08:21 AM
Quote:
Originally Posted by icehog3 (Post 1222685)
OK....I think we're done here?
:tpd:
Posted via Mobile Device

BC-Axeman 03-31-2011 08:59 AM
Re: US finance simplified
 
Quote:
Originally Posted by BC-Axeman (Post 1222282)
From a Cybercast news article today:

"Imagine that you had an average monthly income of about $170 balanced against average monthly expenses of about $940--and that you were more than $14,000 in debt. Then imagine that as of today, you had only $58.60 in cash left in your bank account and $130.50 left on your line of credit. Now multiply these numbers by 1 billion and you will have the up-to-date financial situation of the U.S. government."

Now imagine you can just print more money.
And that you can keep borrowing.
Before this gets closed over discussion of why it might be closed...
Let me just add that simplified is just that. All of those numbers are very dynamic. The "in the bank" and "credit" numbers start at very high values and count down to nothing for every budget. The "income" number swings wildly around the economy. The "expenses" and "debt" are ticking up slowly for now but that can change. It's not as bad as this snapshot makes it seem. Which is still pretty bad.

jledou 03-31-2011 09:34 AM
Re: US finance simplified
 
Interesting, I am not an economist so my total understanding is limited in the big picture. This statement brings the numbers all down to a "personal" perspective since most of us tend to lose touch when talking about billions and trillions but fully grasp a couple hundred bucks.
This all being said, operation of personal finances are different than government and business so I wonder if being brought down to a personal perspective still makes everything make sense?

kaisersozei 03-31-2011 01:39 PM
Re: US finance simplified
 
Quote:
Originally Posted by jledou (Post 1222789)
Interesting, I am not an economist so my total understanding is limited in the big picture. This statement brings the numbers all down to a "personal" perspective since most of us tend to lose touch when talking about billions and trillions but fully grasp a couple hundred bucks.
This all being said, operation of personal finances are different than government and business so I wonder if being brought down to a personal perspective still makes everything make sense?
I agree with you, Jay, the model is a little iffy in parts. Don't think national economics and personal finances line up precisely. It gives you a great perspective overall, but I'm betting the "income" side is based on GDP or something.

For comparisons, I'd be interested to see how we match up with other developed countries, using this same kind of model.


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