I, Greenspan
Jaime_Souviens @ Sun Jan 22, 2006 4:45 pm
Scape Scape:
Poisson Poisson:
I doubt that Greenspan has any control on the government debts. The Congress and the President do the spending, not Greenspan.
I have no doubt that the office of the President and the Congress have the power to make the decisions but ultimately the choices provided to them will be inked from Greenspan's office. Otherwise why else would he be the Federal Reserve Board chair?
He does monetary policy, not the budget.
Jaime_Souviens @ Sun Jan 22, 2006 4:47 pm
Scape Scape:
I find it amusing that he used the Osirak strike as a point of reference. If such a strike was to happen, all the oil production Iran puts out we can kiss goodbye for years perhaps decades. That will make the spike in prices cause by Katrina look like a hiccup. Have you seen the pipelines in the Carcasses?
What percentage of world oil output did Iraq provide at the time of the Osirak raid? 30-35%?
Jaime_Souviens @ Sun Jan 22, 2006 4:49 pm
By the way, Scape, I've nailed you on three topics at once.
Just so you know.
Tricks @ Sun Jan 22, 2006 4:52 pm
Normally I would post an owned picture, but I am gonna wait this one out....
Banff @ Sun Jan 22, 2006 4:56 pm
Scape Scape:
I find it amusing that he used the Osirak strike as a point of reference. If such a strike was to happen, all the oil production Iran puts out we can kiss goodbye for years perhaps decades. That will make the spike in prices cause by Katrina look like a hiccup. Have you seen the pipelines in the Carcasses?
man ! talk about complicated maybe I should have joined the suicide clan when hale bop flew by .....so how do we stop this madness ? or what hwacker said ?.............
Jaime_Souviens @ Sun Jan 22, 2006 4:59 pm
Banff Banff:
Scape Scape:
I find it amusing that he used the Osirak strike as a point of reference. If such a strike was to happen, all the oil production Iran puts out we can kiss goodbye for years perhaps decades. That will make the spike in prices cause by Katrina look like a hiccup. Have you seen the pipelines in the Carcasses?
man ! talk about complicated maybe I should have joined the suicide clan when hale bop flew by .....so how do we stop this madness ? or what hwacker said ?.............
I wouldn't worry about Scape, he said gasoline prices were going to triple between August and October.
Banff @ Sun Jan 22, 2006 5:14 pm
Jaime_Souviens Jaime_Souviens:
Banff Banff:
Scape Scape:
I find it amusing that he used the Osirak strike as a point of reference. If such a strike was to happen, all the oil production Iran puts out we can kiss goodbye for years perhaps decades. That will make the spike in prices cause by Katrina look like a hiccup. Have you seen the pipelines in the Carcasses?
man ! talk about complicated maybe I should have joined the suicide clan when hale bop flew by .....so how do we stop this madness ? or what hwacker said ?.............
I wouldn't worry about Scape, he said gasoline prices were going to triple between August and October.
....sorry no offense but thats close enough for me maybe I should hire him as my financial advisor because for fuck sakes I threw a fortune out the damn window for commuting from province to province to work and I still owe for this house . I'm just lucky it was a friend from chicago who forked out the cash for it without interest . anyway the pipelines are going to get hit I don't think we can stop it . are you as uncomfortable as I am about it ?
Jaime_Souviens @ Sun Jan 22, 2006 5:21 pm
Banff Banff:
Jaime_Souviens Jaime_Souviens:
Banff Banff:
Scape Scape:
I find it amusing that he used the Osirak strike as a point of reference. If such a strike was to happen, all the oil production Iran puts out we can kiss goodbye for years perhaps decades. That will make the spike in prices cause by Katrina look like a hiccup. Have you seen the pipelines in the Carcasses?
man ! talk about complicated maybe I should have joined the suicide clan when hale bop flew by .....so how do we stop this madness ? or what hwacker said ?.............
I wouldn't worry about Scape, he said gasoline prices were going to triple between August and October.
....sorry no offense but thats close enough for me maybe I should hire him as my financial advisor because for fuck sakes I threw a fortune out the damn window for commuting from province to province to work and I still owe for this house . I'm just lucky it was a friend from chicago who forked out the cash for it without interest . anyway the pipelines are going to get hit I don't think we can stop it . are you as uncomfortable as I am about it ?
No. Al Quaida said it's going to bomb the United States next, not pipelines.
Scape @ Sun Jan 22, 2006 5:23 pm
I said they would hit 70$ a barrel and I have also said that by the end of this year it could hit 100$ a barrel and that's just the start. If you see otherwise fine, but starting off your arguments by foreshadowing that the Osirak strike is a credible outcome with little or no fallout is not taking into account the repercussions to oil production. Think about it, if Niger can spike the price of oil with a few militants imagine what a full scale strike and the probable scuttling of Iran's oil production would do. Iran has everything to gain and nothing to lose by destroying it's own oil production if it thinks it can not win.
Jaime_Souviens @ Sun Jan 22, 2006 5:28 pm
Scape Scape:
... Iran has everything to gain and nothing to lose by destroying it's own oil production if it thinks it can not win.
Same position Iraq was in in 1981.
You could have said, and probably would have said, the same thing then.
*yawn*
Scape @ Sun Jan 22, 2006 5:34 pm
Really, cite oil production vs Iran. Iraq has much more reserves but much of it is undeveloped. As opposed to Iran that is making pipeline deals with India. How many deals did Saddam have?
Banff @ Sun Jan 22, 2006 5:39 pm
either way I wouldn't throw caution to the wind even if Al Quiada doesn't have problems with the Canada which I agree they don't but I think the Al Quiada will figure the pipeline can handle an attack because there isn't much difference in attacking US and the pipeline . Expect the US to come over and defend the pipeline in the future or soon because its not that the US doesn't think we can handle it but just to be more safe than sorry . ![[door]](./images/smilies/aaa.gif "Scared Door")
Jaime_Souviens @ Sun Jan 22, 2006 5:49 pm
Scape Scape:
Really, cite oil production vs Iran. Iraq has much more reserves but much of it is undeveloped. As opposed to Iran that is making pipeline deals with India. How many deals did Saddam have?
50% of all European oil.
Scape @ Sun Jan 22, 2006 5:49 pm
Jaime_Souviens Jaime_Souviens:
The current US debt is not especially significant, despite Leftist critics' bombast on the topic.
If you compare it to the Gross Domestic Product of the United States, the debt is fairly consistent with average debt load for the past few decades, and hasn't even reached the highs of the early 1990's.
US Office of Management & Budget
If you compare it to the Gross Domestic Product of the United States, the debt is fairly consistent with average debt load for the past few decades, and hasn't even reached the highs of the early 1990's.
US Office of Management & Budget
So since 1998 the US has been spending beyond its means and by your own projection in 2 years the debt will be 100% of GDP and will only accelerate from there. Especially significant does indeed come to mind.
Jaime_Souviens @ Sun Jan 22, 2006 5:56 pm
Um... no.
Debt levels as a % of GDP have been relatively consistent since 1992.
Currently lower than in 1994-1996.
Should level off lower than that peak by 2008.
All of this in the 70% range.
I think you're looking at the graph wrong. The % GDP values are
for the blue line, not the red columns.