Entitled Americans and media over-representation.

[Guy from the 80's]

Buying power, you mean all the money you lend from China?

You mean the all of 8% of our debt? The overwhelming majority of America's debt is owed to itself.

Your debt is 106% of GDP [http://en.wikipedia.org/wiki/List_of_countries_by_external_debt] How you will pay back this debt is unknown to me.

We don't, it's not supposed to be completely paid back. And while our debt could become problematic, it's not nearly as bad as fear-mongering politicians make it out to be. Ironically, it's their fear-mongering that would send us into the shitter if saner people(namely investors both domestic and foreign) didn't know better. Edit: Not to mention this wouldn't be the first time we've gone over 100% and it won't be the last.

Well there comes a time when you cant even pay off the interest and the debt will just continue to grow, resulting in schools and other infrastructure to shut down. And with all the money printing, the dollar will become more and more like Zimbawean dollars. Now if the world gave up petroldollars then you will become a third world nation.

As far as the historical context, the last time the US had a trade surpluss and private debt was minimal. Not to mention that Europe and Japan ware in ruins so American industry had very good terms, and further more there were no Chinese ecconomy and no India, no Indonesia, no South Korea.

Its a whole different ballgame.

 

[LetalisK]

Well there comes a time when you cant even pay off the interest and the debt will just continue to grow, resulting in schools and other infrastructure to shut down. And with all the money printing, the dollar will become more and more like Zimbawean dollars. Now if the world gave up petroldollars then you will become a third world nation.

As far as the historical context, the last time the US had a trade surpluss and private debt was minimal. Not to mention that Europe and Japan ware in ruins so American industry had very good terms, and further more there were no Chinese ecconomy and no India, no Indonesia, no South Korea.

Its a whole different ballgame.

No, it's not. This is cyclical and we just happen to be in the part where we are more debt-laden than before and people are freaking out about it when in reality it will come back down. The worst thing we could do is start overreacting and passing measures trying to pay down the debt that just end up keeping our economy stifled and unable to grow to the point where we can pay down the debt if necessary.

 

[Guy from the 80's]

Well there comes a time when you cant even pay off the interest and the debt will just continue to grow, resulting in schools and other infrastructure to shut down. And with all the money printing, the dollar will become more and more like Zimbawean dollars. Now if the world gave up petroldollars then you will become a third world nation.

As far as the historical context, the last time the US had a trade surpluss and private debt was minimal. Not to mention that Europe and Japan ware in ruins so American industry had very good terms, and further more there were no Chinese ecconomy and no India, no Indonesia, no South Korea.

Its a whole different ballgame.

No, it's not. This is cyclical and we just happen to be in the part where we are more debt-laden than before and people are freaking out about it when in reality it will come back down. The worst thing we could do is start overreacting and passing measures trying to pay down the debt that just end up keeping our economy stifled and unable to grow to the point where we can pay down the debt if necessary.

You cant just "come back down" when you dont have the means or capacity to do so. The United States must follow economic laws just like everyone else. As far as growth goes, you cant grow or borrow your way out of debt anymore than you can drink yourself sober.

 

[Izanagi009_v1legacy]

(p.s. I don't know if you have this stereotype but i take offense to the stereotype that Japan has crappy animation. Watch Akira, Evangelion, or even stuff like Psycho-Pass and you will see less cringe-worthy faces, and bright, clear backgrounds)

It's very disheartening nice to know that out of all those stereotypes, THAT is the one you took offense to.

believe me, all stereotypes get on my nerves but being an otaku, this one is a lot more personal

 

[Izanagi009_v1legacy]

*insert 'MERICA FUCK YEAH comment here*

(p.s. I don't know if you have this stereotype but i take offense to the stereotype that Japan has crappy animation. Watch Akira, Evangelion, or even stuff like Psycho-Pass and you will see less cringe-worthy faces, and bright, clear backgrounds)

It's very disheartening nice to know that out of all those stereotypes, THAT is the one you took offense to.

don't forget the fact s/he looked over the tentacle rape part of the stereotype too .

I mostly made it out of the satire because of curiosity of how stupid and bigoted people can be. I hate people, I really do. Also I agree with almost everything everyone else has said in the comments(even some of the disses on America, some)

One. I kind of accept the whole tentacle rape thing, it's not pretty but it was designed to get around censorship and is better than the child porn pumped out in the 80's before laws came into play

Second, That was a giant wall of text with point hidden under rubble but i can agree with general sentiments about both the gaming community and America. About the gaming community, yes we are only targeting the most popular markets but more and more people are getting into gaming and the companies are going to have to adapt their marketing and content to cater to the different markets: more sensible female characters, better plots and character arcs, more imaginative worlds and stories and so on.

As to America, yeah we are screwed up but we aren't the only country. I may be an otaku but i'm fully aware of Japan's issues and do not see it as a paragon of society. Women are treated as second class citizens and often get blamed for any rape that happens to them, crime tends to go unpunished for the sake of harmony, the majority of them are spiteful of outsiders (not xenophobia as there is a different paradigm known as uchi and soto in play), and they still can't seem to understand newer generations (the effects of which created otaku and hikiomori) If a developed nation like Japan has issues, then almost every nation has issues

 

[LetalisK]

You cant just "come back down" when you dont have the means or capacity to do so.

True, for this moment, which is why it would be silly to even try. We'd just end up hurting our ability to get to the point where we do have the means or capacity to pay it down if we had to for some reason. That was my point.

The United States must follow economic laws just like everyone else. As far as growth goes, you cant grow or borrow your way out of debt anymore than you can drink yourself sober.

Two things. First, government have an easier time managing debt because of their sovereignty and ability to influence their own currency, something businesses and people can't do. So no, they don't have to "follow economic laws just like everyone else" because their very nature dictates that they have extra tools available to them and if they did do things just like how we typically think everyone else does it, we'd be in worse shape all around. However, even with that, businesses and individuals do a simplified version all the time. Ever hear the phrase "You have to spend money to make money?" For example, new businesses will go into debt right from the beginning so that they can make more money later or even current businesses will do it when expanding. Or college students will go into debt with student loans so they can get a better paying job later(investing in their personal economy, if you will). Or even borrowing money from mom, dad, and friends to live while you find a new job. "You can't spend your way out of debt" and the derivations thereof are platitudes crafted by politicians that are great for bumper stickers, but fail to explain what is actually happening.

 

[Guy from the 80's]

Two things. First, government have an easier time managing debt because of their sovereignty and ability to influence their own currency, something businesses and people can't do. So no, they don't have to "follow economic laws just like everyone else" because their very nature dictates that they have extra tools available to them and if they did do things just like how we typically think everyone else does it, we'd be in worse shape all around.

So incompetence is to blame, when has the government done anything that has worked? They have failed at everything they have done to try to fix this problem. The same goes with the Europe. In the US its called quantitative easing, and it doesn't work. QE#1, QE#2, QE#9999. And what are these tools you speak of, printing fake money? That leads to inflation and thats stealing from people with money in the bank and further more it makes prices on consumer goods rise. Its just kicking the can further down the road.

However, even with that, businesses and individuals do a simplified version all the time. Ever hear the phrase "You have to spend money to make money?" For example, new businesses will go into debt right from the beginning so that they can make more money later or even current businesses will do it when expanding.

Going into debt is one thing, going into so much debt you cant pay it back is another. When a business/private person goes into debt, its because the income will surpass the amount they have loaned.

Or college students will go into debt with student loans so they can get a better paying job later(investing in their personal economy, if you will). Or even borrowing money from mom, dad, and friends to live while you find a new job. "You can't spend your way out of debt" and the derivations thereof are platitudes crafted by politicians that are great for bumper stickers, but fail to explain what is actually happening.

As of now college students cant find jobs other than Walmart and McDonalds. Why? Because the economy is broken, and its getting worse. Look at youth unemployment in the EU, and the EU is a bigger economy than the US and its going to take the US down with it.

 

[LetalisK]

In the US its called quantitative easing, and it doesn't work.

No, it's not, it predates quantitative easing by decades.

And what are these tools you speak of, printing fake money?

That's A tool, but also a tool no one should use. The government can influence the economy, and thereby the debt, in multiple other ways including tax law, regulations, etc.

Going into debt is one thing, going into so much debt you cant pay it back is another.

And we're not at that point. When investors and other countries stop investing in us, then you can start panicing. But we're still the safest place to invest money, so I don't see this happening any time soon.

When a business/private person goes into debt, its because the income will surpass the amount they have loaned.

Yes, that's the example I used. In addition to that, the business/private person doesn't have the benefit of their debt being mostly owed to themselves.

As of now college students cant find jobs other than Walmart and McDonalds. Why? Because the economy is broken, and its getting worse. Look at youth unemployment in the EU, and the EU is a bigger economy than the US and its going to take the US down with it.

Recession =/= broken. Things are sucking right now, but it doesn't mean we're going to hell in a hand basket. Btw, I'm not arguing that the recession has been handled competently. It hasn't been and still isn't. But it's still a huge leap from recession being handled improperly with growth being slow or unstable to financial dystopia.