Boxing Forum
  Bookmark Website  | Free Registration  | The Team
Boxing Champions |  Boxing Schedule |  Boxing Video  |  Boxing History   |  Pound For Pound  | Lounge  | The Wire |  Audio  | Arcade
Navigation
Go Back   Boxing Forum > Non Boxing Talk > Boxing Scene Lounge
Register Blogs Chat Arcade Groups Mark Forums Read
Reply
 
Thread Tools
#1
Old 11-19-2012, 11:32 AM
Konstantin
Undisputed Champion
 
Join Date: Jan 2005
Location: Austin TX
Age: 27
Posts: 5,627
Rep Power: 88 Konstantin has a reputation beyond repute Konstantin has a reputation beyond repute Konstantin has a reputation beyond repute Konstantin has a reputation beyond repute Konstantin has a reputation beyond repute Konstantin has a reputation beyond repute Konstantin has a reputation beyond repute Konstantin has a reputation beyond repute Konstantin has a reputation beyond repute Konstantin has a reputation beyond repute Konstantin has a reputation beyond repute
Points: 130,114.12
Bank: 110,275,767,914,698.73
Total Points: 110,275,768,044,812.86
Be Joyful - Gift Giver  Thanks!!! - Chinch  Congrats on 5K solid KO's,, - !! AI-Holmes!! 
Default Warren Buffett Claims "I could end the deficit in 5 minutes"

Warren Buffett, in a recent interview with CNBC, offers one of the best quotes about the debt ceiling:

Quote:
I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.
Reply With Quote
Konstantin is offline
#2
Old 11-19-2012, 12:33 PM
mokmokv2
Banned
 
Join Date: Nov 2012
Posts: 289
Rep Power: 0 mokmokv2 has a reputation beyond repute mokmokv2 has a reputation beyond repute mokmokv2 has a reputation beyond repute mokmokv2 has a reputation beyond repute mokmokv2 has a reputation beyond repute mokmokv2 has a reputation beyond repute mokmokv2 has a reputation beyond repute mokmokv2 has a reputation beyond repute mokmokv2 has a reputation beyond repute mokmokv2 has a reputation beyond repute mokmokv2 has a reputation beyond repute
Points: 1,000,010,695.06
Bank: 0.00
Total Points: 1,000,010,695.06
Default

Too late.

Sooner or later the countries which bought US paper money will realize that the debt owed will not be paid without the dollar being butchered in value.

The coming economic correction is only a matter or time.

Apple's stock is down 20 percent. That's a huge red flag over there. Apple is the benchmark of US companies.
Reply With Quote
mokmokv2 is offline
#3
Old 11-19-2012, 03:30 PM
arraamis
Undisputed Champion
 
Join Date: Oct 2005
Posts: 8,382
Blog Entries: 3
Rep Power: 36 arraamis has a reputation beyond repute arraamis has a reputation beyond repute arraamis has a reputation beyond repute arraamis has a reputation beyond repute arraamis has a reputation beyond repute arraamis has a reputation beyond repute arraamis has a reputation beyond repute arraamis has a reputation beyond repute arraamis has a reputation beyond repute arraamis has a reputation beyond repute arraamis has a reputation beyond repute
Points: 20,093,770,431,138.58
Bank: 171,394,345,098,293.41
Total Points: 191,488,115,529,432.00
Tasty - ???  No Message - arraamis  No Message - arraamis  No Message - arraamis  No Message - arraamis 
No Message - arraamis  Tasty... - ???  have one on me! - Alx.  have a gift bro - chiguy91  Gift - eddie_monster 
Well done on 4k posts :D - *Boss Lady*  Vday love :D - *Boss Lady*  No Message - chiguy91  have a gift bro. - chiguy91  thx - Starof David 
please return the favor, bro. - RossCA  No Message - RossCA  No Message - RossCA  No Message - FkDaHtrs  great poster - sugarsmosley 
AIDS/HIV - DARE - DUI Awareness - Epidermolysis Bullosa - Heart Disease - Lymphoma - MADD - Substance Abuse - ???  Anti-Tobacco - Colon Cancer - Colorectal Cancer - Kuyukut  Hodgkin's Disease - Testicular Cancer - ???  Mourning - Anti-Gang - Melanoma - arraamis  Childhood Cancer - arraamis 
Bone Marrow Donation - Childhood Depression - Depression - Environment - Eye Injury Prevention - Glaucoma - Kidney Cancer - Kidney Disease - Kidney Transplantation - Leukemia - Lyme Disease - Mental Retardation - Missing Children - Organ Donation - T - ???  Arthritis - Child Abuse - Colon Cancer - Colorectal Cancer - Dystonia - Education - Free Speech - Interstitial Cystitis - ME/CFIDS - Reye's Syndrome - Save the Music - Teens Against Smoking - Victim's Rights - Water Quality - chiguy91  Cultural Diversity - Hunger - Leukemia - Lupus - Melanoma - Racial Tolerance - Reflex Sympathetic Dystrophy Syndrome - Self Injury - chiguy91  Cesarean Sections - Headaches - Hospice Care - Multiple Myeloma - MANGLER  Mourning - Anti-Gang - Melanoma - Starof David 
World Trade Center Victims and Heroes - Fireworks Safety - Starof David  Bone Marrow Donation - Childhood Depression - Depression - Environment - Eye Injury Prevention - Glaucoma - Kidney Cancer - Kidney Disease - Kidney Transplantation - Leukemia - Lyme Disease - Mental Retardation - Missing Children - Organ Donation - T - Starof David  Mourning - Anti-Gang - Melanoma - Starof David  Bone Marrow Donation - Childhood Depression - Depression - Environment - Eye Injury Prevention - Glaucoma - Kidney Cancer - Kidney Disease - Kidney Transplantation - Leukemia - Lyme Disease - Mental Retardation - Missing Children - Organ Donation - T - Starof David  Arthritis - Child Abuse - Colon Cancer - Colorectal Cancer - Dystonia - Education - Free Speech - Interstitial Cystitis - ME/CFIDS - Reye's Syndrome - Save the Music - Teens Against Smoking - Victim's Rights - Water Quality - Jury 
Arthritis - Child Abuse - Colon Cancer - Colorectal Cancer - Dystonia - Education - Free Speech - Interstitial Cystitis - ME/CFIDS - Reye's Syndrome - Save the Music - Teens Against Smoking - Victim's Rights - Water Quality - codey  Mourning - Anti-Gang - Melanoma - RossCA  Mourning - Anti-Gang - Melanoma - RossCA  Lou Gehrig's Disease (ALS) - FkDaHtrs  Mourning - Anti-Gang - Melanoma - FkDaHtrs 
Default

Total BS ... Buffet knows better than anyone else, that incurring debt grows this economy and that the dollar isn't worth the material its printed on.

How in the hell can you "End the deficit" when presently, five dollars of debt is incurred for every dollar spent.

U.S. Debt Increases $48,994 every SECOND

Reply With Quote
arraamis is offline
#4
Old 11-19-2012, 03:36 PM
Jim Jeffries
rugged individualist
 
Join Date: Oct 2007
Location: Ameritopia, U.S.S.A.
Posts: 22,068
Rep Power: 89 Jim Jeffries has a reputation beyond repute Jim Jeffries has a reputation beyond repute Jim Jeffries has a reputation beyond repute Jim Jeffries has a reputation beyond repute Jim Jeffries has a reputation beyond repute Jim Jeffries has a reputation beyond repute Jim Jeffries has a reputation beyond repute Jim Jeffries has a reputation beyond repute Jim Jeffries has a reputation beyond repute Jim Jeffries has a reputation beyond repute Jim Jeffries has a reputation beyond repute
Points: 1,794,721.57
Bank: 270,801,340,897,518.97
Total Points: 270,801,342,692,240.53
U.S.A. Forever!!!!!!! - Mike Tyson77  Have a brew with your boy Pea, Jim.... - Shin Akuma  have a gift.. - Miyagi  To a very intelligent poster! - abosworth  Republican Jockholder - alfonso13702 
merry xmas - msagrain  Happy 10K Posts - Golden Boy 360  congrats on 10K jim...cheers - Makavelli  10,000!! - tyson  10k! - Equilibrium 
Too bad it ain't Cotto's Schlong!! - chicano79us  Preach on!!! - -veteran420-  have some san miguel - Akinapepemo  have some san miguel - Akinapepemo  yeah - BoxingTech718 
You get the Glen Beck award. Thanks for having my back brother - Mike Tyson77  Merry Christmas and Happy New Year - Freedom.  Happy Holidays  Jim.. - !! AI-Holmes!!  Happy holidays bro! - led*  Sorry you're asian and ugly.  This will make you feel better. - robust_ 
Troop and Military Support - Amber Alert - Bladder Cancer - Endometriosis - Equality - Liver Cancer - Liver Disease - Missing Children - POW/MIA - Spina Bifida - Suicide - mangler  World Trade Center Victims and Heroes - Fireworks Safety - Mr._Pink  World Trade Center Victims and Heroes - Fireworks Safety - street bully  AIDS/HIV - DARE - DUI Awareness - Epidermolysis Bullosa - Heart Disease - Lymphoma - MADD - Substance Abuse - mangler  Children with Disabilities - Parkinson's Disease - VACTERL - Young Onset Parkinson's Association - Akinapepemo 
Mourning - Anti-Gang - Melanoma - codey 
Default

Even if you could end the deficit today, you'd still have the interest on 16.3 trillion to deal with. Interest rates are being held artificially low today by the FED, but they cannot continue to do so indefinitely. Not to mention that we're currently borrowing 6% to achieve 2% growth, meaning if the budget was immediately balanced we'd be thrown into another recession.
Reply With Quote
Jim Jeffries is offline
#5
Old 11-19-2012, 03:46 PM
sukhenkoy
Mother Russia
 
Join Date: Dec 2007
Location: Washington, D.C
Age: 24
Posts: 1,210
Rep Power: 10 sukhenkoy has a reputation beyond repute sukhenkoy has a reputation beyond repute sukhenkoy has a reputation beyond repute sukhenkoy has a reputation beyond repute sukhenkoy has a reputation beyond repute sukhenkoy has a reputation beyond repute sukhenkoy has a reputation beyond repute sukhenkoy has a reputation beyond repute sukhenkoy has a reputation beyond repute sukhenkoy has a reputation beyond repute sukhenkoy has a reputation beyond repute
Points: 1,000,055,845.75
Bank: 0.00
Total Points: 1,000,055,845.75
Send a message via ICQ to sukhenkoy Send a message via Skype™ to sukhenkoy
Default

It's interesting to see that some loungers are fairly well-versed in economic policy and finance.
Reply With Quote
sukhenkoy is offline
#6
Old 11-19-2012, 07:37 PM
Ta Khent
Esoteric Enigma
 
Join Date: Jul 2005
Location: New Orleans, Louisiana
Posts: 2,083
Rep Power: 18 Ta Khent has a reputation beyond repute Ta Khent has a reputation beyond repute Ta Khent has a reputation beyond repute Ta Khent has a reputation beyond repute Ta Khent has a reputation beyond repute Ta Khent has a reputation beyond repute Ta Khent has a reputation beyond repute Ta Khent has a reputation beyond repute Ta Khent has a reputation beyond repute Ta Khent has a reputation beyond repute Ta Khent has a reputation beyond repute
Points: 12,000,117,107.29
Bank: 14,779,288,115.70
Total Points: 26,779,405,222.99
Default

Let the entire system crumble, the building is rotting from the inside out, demolition time. After all, we're only talking about the U.S.'s economy, which is mostly owned and controlled by a very small % of its population. The U.S. economy is not our system of government, it's basically just a giant virtual spreadsheet of loans and debts, gains and losses. Nor is it a shared system of ethics or morals, nor the threads that bind our communities together. It's only money, and its only a symbol, a tool. Debts can be erased, new tools created, new, better systems implemented. The idea that entire swaths of civil society would degenerate into a free-for-all chaos of blood, crime, and murder is ridiculous. People find a way, Americans would find a way. Barter, sharing, communities united to ensure local prosperity and social and agricultural wealth.

Until we accept that we cannot continue as we are, that we cannot have everything all the time, that there isn't a never-ending supply of resources to build toys that distract us from the true nature of our predicament... we will continue to make life harder for the majority of people. Fear is our only inhibitor.
Reply With Quote
Ta Khent is offline
#7
Old 11-19-2012, 09:50 PM
SkillspayBills
Avy King 2007-2013
 
Join Date: Aug 2007
Posts: 26,935
Rep Power: 167 SkillspayBills has a reputation beyond repute SkillspayBills has a reputation beyond repute SkillspayBills has a reputation beyond repute SkillspayBills has a reputation beyond repute SkillspayBills has a reputation beyond repute SkillspayBills has a reputation beyond repute SkillspayBills has a reputation beyond repute SkillspayBills has a reputation beyond repute SkillspayBills has a reputation beyond repute SkillspayBills has a reputation beyond repute SkillspayBills has a reputation beyond repute
Points: 20,000,000,000,010,036.00
Bank: 145,284,601,529,106,880.00
Total Points: 165,284,601,529,116,928.00
Felt like switching up the order :D lol - *Boss Lady*  Still love me? :kiss: :flirt: - Bossy  Heart bro(no homo) for the 20k. - led  Happy 20k darling! :kiss: - Bossy  No Message - MELLY-MEL... 
Need to cool down, your avatars make me hot - Uns  somth to remember me by :) - nillamilkshake  No Message - chiguy91  No Message - chiguy91  Happy Bday - Terrel 
Happy bday bro - MANGLER  Happy Birthday babe, I'm lucky to know you :D :kiss: - Bossy  Happy birthday to a BS MVP. - The_Bringer  Happy holidays bro! - led*  Green K sent also, thanks bud :fing02: - jose830 
Happy Birthday homie :beerchug: - jose830  HBD bro - led*  Skills loves dills - junior gong  everything good here thanks for asking I hope everything good with you also :fing02: - -jose-  Happy Holidays.. - !! AI-Holmes!! 
Cultural Diversity - Hunger - Leukemia - Lupus - Melanoma - Racial Tolerance - Reflex Sympathetic Dystrophy Syndrome - Self Injury - BritishBoxing92  Troop and Military Support - Amber Alert - Bladder Cancer - Endometriosis - Equality - Liver Cancer - Liver Disease - Missing Children - POW/MIA - Spina Bifida - Suicide - BritishBoxing92  World Trade Center Victims and Heroes - Fireworks Safety - BritishBoxing92  Bone Marrow Donation - Childhood Depression - Depression - Environment - Eye Injury Prevention - Glaucoma - Kidney Cancer - Kidney Disease - Kidney Transplantation - Leukemia - Lyme Disease - Mental Retardation - Missing Children - Organ Donation - T - BritishBoxing92  Myasthenia Gravis - Ovarian Cancer - Sexual Assault - Substance Abuse - BritishBoxing92 
Cesarean Sections - Headaches - Hospice Care - Multiple Myeloma - BritishBoxing92  Male Breast Cancer - Pregnancy Loss - Infant Loss - Sudden Infant Death - BritishBoxing92  Adoptee - Bone Cancer - Child Exploitation and Abuse - Hope and Support - Peace - Retinoblastoma - Right to Life - Student Sexual Assault - BritishBoxing92  Arthritis - Child Abuse - Colon Cancer - Colorectal Cancer - Dystonia - Education - Free Speech - Interstitial Cystitis - ME/CFIDS - Reye's Syndrome - Save the Music - Teens Against Smoking - Victim's Rights - Water Quality - BritishBoxing92  Hepatitis C - BritishBoxing92 
Childhood Cancer - BritishBoxing92  Alzheimer's - Crohn's & Colitis - Cystic Fibrosis - Domestic Violence - Fibromyalgia - Leimyosarcoma - Lupus - BritishBoxing92  Hodgkin's Disease - Testicular Cancer - BritishBoxing92  Lou Gehrig's Disease (ALS) - BritishBoxing92  Head and Neck Cancer - BritishBoxing92 
Autism - The Underboss  Mourning - Anti-Gang - Melanoma - chiguy91  Anti-Tobacco - Colon Cancer - Colorectal Cancer - chiguy91  Mourning - Anti-Gang - Melanoma - chiguy91  Anti-Tobacco - Colon Cancer - Colorectal Cancer - chiguy91 
Default

He made a flippant joke but the presmise makes alot of sense. The only way for these politicians to do right by the American pople is incentivizing them in some way. You would THINK elections would do that but with all this money being thrown aroun it really isn't.
Reply With Quote
SkillspayBills is offline
Reply

Share This With Friends

Tags
buffett , claims , deficit , economy , end , warren

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump

Fight Videos - Privacy Policy - Submit News - Feedback - Site Map - Advertise with Us

Copyright 2003-2013 BoxingScene LLC All rights reserved.

All times are GMT -4. The time now is 05:55 AM.
Powered by vBulletin® Version 3.8.2
Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.