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There be Pirates !

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backmarkerducati said:
Dumping tax payer funded liquidity (technically future tax payer given the epic deficits they run) into the markets is not running the country like a business. Well, maybe like a business where the executives are purposely running it into the ground while maximizing their and their friends profits--which does happen. They can't keep it up forever and the crash will be epic, we just don't know when.

Not how any sane business person runs a business that intends to actually stay in business.
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This is a tough call to print money and dump it into the market -- but historically it has worked for big economies. I worry more about Canada doing this -- we're not a big enough economy to be diluting it as we are now. This year Canada will be paying $26Billion on debt service, with the projected deficit this year that debt service cost will jump to more than $35billion. The increase in interest payments alone from this year to next is staggering.

That means every person who pays tax in Canada will have to pony up an additional $500 each year for the rest of their lives just to pay the interest on JT's 2020 deficit.
 
Mad Mike said:
This is a tough call to print money and dump it into the market -- but historically it has worked for big economies. I worry more about Canada doing this -- we're not a big enough economy to be diluting it as we are now. This year Canada will be paying $26Billion on debt service, with the projected deficit this year that debt service cost will jump to more than $35billion. The increase in interest payments alone from this year to next is staggering.

That means every person who pays tax in Canada will have to pony up an additional $500 each year for the rest of their lives just to pay the interest on JT's 2020 deficit.
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Very true, but the situation in the US is much more dire both in the ratio of population and on the size of the economy. Trudeau will have to try much harder if he wants to keep pace....
 
That means every person who pays tax in Canada will have to pony up an additional $500 each year for the rest of their lives just to pay the interest on JT's 2020 deficit.
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That is ridiculously over the top ...you have no idea what interest rates, inflation tax rates or deficit/surplus will be for the next 40-50 years.
Roll that back 50 years and it's like saying $50 for the rest of their lives in 1950. Sounds like a bit of Scheer nonsense.

Every dollar put into the economy by the gov't generally results in $5-$7 worth of economic activity...but then again you are no Keynesian clearly.

This is as much a war footing as anything Canadians have experienced in current lifetimes and a good opportunity to correct some inequalities ....like tax the damn REITs out of existence for instance. 65% returns FFS. There's your $500 right there. :coffee:
 
MacDoc said:
That is ridiculously over the top ...you have no idea what interest rates, inflation tax rates or deficit/surplus will be for the next 40-50 years.
Roll that back 50 years and it's like saying $50 for the rest of their lives in 1950. Sounds like a bit of Scheer nonsense.

Every dollar put into the economy by the gov't generally results in $5-$7 worth of economic activity...but then again you are no Keynesian clearly.

This is as much a war footing as anything Canadians have experienced in current lifetimes and a good opportunity to correct some inequalities ....like tax the damn REITs out of existence for instance. 65% returns FFS. There's your $500 right there. :coffee:
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Call it nonsense if you like. The bottom line is you have to pay interest on the money you borrow, and I doubt money will be getting any cheaper than it is today. Deficit spending is the same as you spending on a credit card - it cost money to service debts.

Ya I don't know whether inflation or interest rates will change, but I do know both are likely to make matters worse than they are. Inflation drives interest rates and in inflationary times income gains trail -- meaning higher deficits, and less consumer spending power. Money can't get much cheaper today, and as debt increases credit ratings get lowered which drives up debt service costs.

While Keyes theory does work to stabilize brief rough economic periods, as interest rates approach zero or recovery becomes protracted supply side stimulus becomes increasingly ineffective - we're close to that now. As a result, the only options left are austerity or tax increases (read up on Greece) - that's all I'm saying, and that my friend is a fact, not theory.

Finally on your point of inequity -- Keynes theory doesn't' deal with inequities between rich and poor. History does, and it's painfully clear that when Keynesian inspired stimulus happens, the rich get richer and the poor get poorer.
 
I know I've posted this before. I've lost track of where and how many times ...

 
Roadghost said:
Such as a serious clamp-down on illegal immigration. Banning immigration from countries with a terrorism problem. Running the American economy like a business instead of a stupid lawyer.
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Like the businesses he bankrupted multiple times, including a casino (apparently the house doesn’t always win)? Like the Trump University that was a scam? Like his daddy’s fortune he squandered?

Illegal immigration isn’t actually a serious issue in the US but it’s a great distraction if you’re dumb and racist.

Countries with a terrorist problem all seem to have been occupied/invaded/fought over by the yanks. Really odd coincidence that.
 
Daily accident report for South Dakota during the first day of the rally reveals a lot about the skill level of the average attendee:

At 10:40 a.m., Saturday, Vanocker Canyon Road, mile marker two, three miles north of Nemo: A 2014 Harley Davidson motorcycle was westbound on Vanocker Canyon Road when the driver attempted to pass slower traffic in a short passing zone. As he was passing, the driver was forced back into the westbound lane due to an approaching eastbound vehicle. The motorcycle went across the westbound lane and into the north ditch. The 64-year-old male driver, who was not wearing a helmet, was thrown from his motorcycle. He suffered life-threatening injuries. Charges are pending.

At 11:15 a.m., Saturday, U.S Highway 16A, mile marker 54, two miles south of Keystone: A 2019 Harley Davidson motorcycle was southbound on U.S. Highway 16A when the driver lost control while trying to negotiate a curve. The vehicle went into the south ditch and down a shallow ravine. The 66-year-old male driver suffered minor injuries. Helmet use is under investigation. Charges are not pending.

At 1 p.m., Saturday, U.S. Highway 16A, mile marker 54, three miles south of Keystone near Pigtail Bridge: A 2007 Harley Davidson motorcycle was northbound on U.S. Highway 16A when the driver failed to negotiate a downhill curve, going wide and across the center line, colliding with a southbound 2011 Chevrolet Traverse. The motorcycle slid down the road, striking a southbound 2015 BMW motorcycle. Both motorcycle drivers were thrown from their vehicles. The 71-year-old male driver of the Harley Davidson motorcycle, who was not wearing a helmet, suffered minor injuries. The 44-year-old male driver of the BMW motorcycle was wearing a helmet and sustained minor injuries. The 33-yeard female driver of the vehicle, who was wearing a seat belt, was not injured. No charges are pending.

At 1 p.m., Saturday, U.S. Highway 14A, mile marker 44, four miles south of Deadwood: A 2010 Harley Davidson motorcycle was westbound on U.S. Highway 14A when the driver swerved to miss a deer. The 70-year-old male driver, who was not wearing a helmet, received life-threatening injuries. The 63-year-old female passenger, who was wearing a helmet, was thrown from the vehicle. She suffered serious non-life threatening injuries. No charges are pending.

At 2:02 p.m., Saturday, U.S. Highway 385, mile marker 100, two miles north of the Highway 44 intersection: A 2001 Yamaha FZS10 motorcycle was northbound on U.S. Highway 385 when it crossed the centerline and collided with a southbound 2005 Harley Davidson motorcycle. The 24-year-old male driver of the Yamaha was wearing a helmet and sustained serious non-life threatening injuries. Charges are pending. The 64-year-old female driver of the Harley Davidson was wearing a helmet and suffered serious non-life threatening injuries.

At 2:44 p.m., Saturday, South Dakota Highway 87, mile marker 57, eight miles east of Custer in Custer State Park: A 2016 Harley Davidson motorcycle was northbound on South Dakota Highway 87 when the driver lost control on the edge of the road and crashed. The 46-year-old male driver suffered minor injuries. Helmet use is under investigation. Charges are pending.

At 3:55 p.m., Saturday, Interstate 90, mile marker 35, three miles east of Sturgis: A 2012 Victory Ness Cross Country motorcycle was westbound on Interstate 90 when the driver lost control. The motorcycle tipped over and the driver was thrown from the motorcycle. The 64-year-old male driver of the motorcycle, who was not wearing a helmet, suffered serious non-life threatening injuries. No charges are pending.

At 4:25 p.m., Saturday, South Dakota Highway 79, mile marker 114, eight miles northeast of Sturgis: A 2016 Harley Davidson Street Glide motorcycle was southbound on South Dakota Highway 79 when the driver lost control while attempting to slow down for vehicles in front of him. The 66-year-old male driver, who was not wearing a helmet, suffered serious non-life threatening injuries. No charges are pending.

At 5:08 p.m., Saturday, Interstate 90, mile marker 18, five miles east of Spearfish: A 2018 Harley Davidson Touring motorcycle was westbound on Interstate 90 and hit a wet patch during a rainstorm. The driver lost control and the vehicle went into the median. The 43-year-old female driver, who was wearing a helmet, suffered serious non-life threatening injuries. Charges are pending.

At 5:32 p.m., Saturday, Interstate 90, mile marker 57, within Rapid City limits: A 2008 Harley Davidson FLHC motorcycle was eastbound on Interstate 90 when the driver lost control while trying to change lanes during a rainstorm. Both occupants were thrown from the motorcycle. The 56-year-old male driver was not injured and the 20-year-old female passenger sustained minor injuries. Both were wearing helmets. No charges are pending.

At 11:15 p.m. Saturday, South Dakota Highway 89, 14 miles south of Pringle: A 2019 Indian Chief motorcycle was westbound when the driver lost control. The 59-year-old male driver was thrown from the motorcycle. He was not wearing helmet and sustained serious non-life threatening injuries. Charges are pending.
 
Roadghost said:
Such as a serious clamp-down on illegal immigration. Banning immigration from countries with a terrorism problem. Running the American economy like a business instead of a stupid lawyer.
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Lets not forget putting children in cages, conspiring with foreign countries to enrich himself and boost his re-election chances, shaking the hands of murderous dictators and trying to be friends with them, attacking war heroes, inviting the Taliban to come visit and hang out at Camp Davic, supporting the white power crowd, sending military police to black bag it's own citizens, floating disallowing it's own citizens to return from other countries if there's any chance they may have been infected by Covid while gone (pot, meet kettle), started trade wars with other countries that have cost the USA dearly and accomplished little to nothing, sends his children to handle serious world issues despite having no experience in the important issues they're dealing with, uses the POTUS branding for personal enrichment, stacks his white house staff with clueless dolts, many of whom are now in jail because of their actions, stoking racial tension, denying science, all while blaming everything that's gone wrong in the last 4 years on Obama.

I could go on for another billion lines if you'd like.

But hey, there's those three things you mentioned, which in reality, are all red herrings in the grand scheme of things.
 
Wingboy said:
The town of Sturgis had a meeting and vote. Sixty percent voted nay. But they went ahead anyway because people would come anyway and they need the sanitation etc. The town has no balls. Block all the roads and highways and crack some skulls if necessary.
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Problem was the town voted no but the State and Governor refused to close the state or cancel anything. It would have been impossible for the town to stop the riders from coming without the State backing them. The Governor however was only looking at the dollar signs. I don't remember what the number is, but the Sturgis rally accounts for a real percentage of the total State income for the year!
 
The town did *not* vote no. They voted 8 to 1 to hold it.
 
PrivatePilot said:
I've no idea where that number came from, but on page one of this very thread I posted a citation for my own....

ktiv.com

City council votes to go ahead with Sturgis Motorcycle Rally, with restrictions

The 80th annual Sturgis Motorcycle Rally will be held this year.
ktiv.com ktiv.com
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www.cnn.com

60% of Sturgis residents were against a motorcycle rally that brings in thousands but the city approved it. Here's why | CNN

Before deciding on whether to hold the 80th annual motorcycle rally in Sturgis, South Dakota, the local city council turned to its residents to get their take.
www.cnn.com www.cnn.com

A little more than 60% of people in the city voted against holding the event this week. But the city council approved it anyway.
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So you're both right.

Everyone's a winner! Yay!
 
so the townsfolk voted 60% no
council votes 8-1 yes

I see democracy is bought and paid for thoroughly in those parts
 
Lightcycle said:
Daily accident report for South Dakota during the first day of the rally reveals a lot about the skill level of the average attendee:

At 10:40 a.m., Saturday, Vanocker Canyon Road, mile marker two, three miles north of Nemo: A 2014 Harley Davidson motorcycle was westbound on Vanocker Canyon Road when the driver attempted to pass slower traffic in a short passing zone. As he was passing, the driver was forced back into the westbound lane due to an approaching eastbound vehicle. The motorcycle went across the westbound lane and into the north ditch. The 64-year-old male driver, who was not wearing a helmet, was thrown from his motorcycle. He suffered life-threatening injuries. Charges are pending.

At 11:15 a.m., Saturday, U.S Highway 16A, mile marker 54, two miles south of Keystone: A 2019 Harley Davidson motorcycle was southbound on U.S. Highway 16A when the driver lost control while trying to negotiate a curve. The vehicle went into the south ditch and down a shallow ravine. The 66-year-old male driver suffered minor injuries. Helmet use is under investigation. Charges are not pending.

At 1 p.m., Saturday, U.S. Highway 16A, mile marker 54, three miles south of Keystone near Pigtail Bridge: A 2007 Harley Davidson motorcycle was northbound on U.S. Highway 16A when the driver failed to negotiate a downhill curve, going wide and across the center line, colliding with a southbound 2011 Chevrolet Traverse. The motorcycle slid down the road, striking a southbound 2015 BMW motorcycle. Both motorcycle drivers were thrown from their vehicles. The 71-year-old male driver of the Harley Davidson motorcycle, who was not wearing a helmet, suffered minor injuries. The 44-year-old male driver of the BMW motorcycle was wearing a helmet and sustained minor injuries. The 33-yeard female driver of the vehicle, who was wearing a seat belt, was not injured. No charges are pending.

At 1 p.m., Saturday, U.S. Highway 14A, mile marker 44, four miles south of Deadwood: A 2010 Harley Davidson motorcycle was westbound on U.S. Highway 14A when the driver swerved to miss a deer. The 70-year-old male driver, who was not wearing a helmet, received life-threatening injuries. The 63-year-old female passenger, who was wearing a helmet, was thrown from the vehicle. She suffered serious non-life threatening injuries. No charges are pending.

At 2:02 p.m., Saturday, U.S. Highway 385, mile marker 100, two miles north of the Highway 44 intersection: A 2001 Yamaha FZS10 motorcycle was northbound on U.S. Highway 385 when it crossed the centerline and collided with a southbound 2005 Harley Davidson motorcycle. The 24-year-old male driver of the Yamaha was wearing a helmet and sustained serious non-life threatening injuries. Charges are pending. The 64-year-old female driver of the Harley Davidson was wearing a helmet and suffered serious non-life threatening injuries.

At 2:44 p.m., Saturday, South Dakota Highway 87, mile marker 57, eight miles east of Custer in Custer State Park: A 2016 Harley Davidson motorcycle was northbound on South Dakota Highway 87 when the driver lost control on the edge of the road and crashed. The 46-year-old male driver suffered minor injuries. Helmet use is under investigation. Charges are pending.

At 3:55 p.m., Saturday, Interstate 90, mile marker 35, three miles east of Sturgis: A 2012 Victory Ness Cross Country motorcycle was westbound on Interstate 90 when the driver lost control. The motorcycle tipped over and the driver was thrown from the motorcycle. The 64-year-old male driver of the motorcycle, who was not wearing a helmet, suffered serious non-life threatening injuries. No charges are pending.

At 4:25 p.m., Saturday, South Dakota Highway 79, mile marker 114, eight miles northeast of Sturgis: A 2016 Harley Davidson Street Glide motorcycle was southbound on South Dakota Highway 79 when the driver lost control while attempting to slow down for vehicles in front of him. The 66-year-old male driver, who was not wearing a helmet, suffered serious non-life threatening injuries. No charges are pending.

At 5:08 p.m., Saturday, Interstate 90, mile marker 18, five miles east of Spearfish: A 2018 Harley Davidson Touring motorcycle was westbound on Interstate 90 and hit a wet patch during a rainstorm. The driver lost control and the vehicle went into the median. The 43-year-old female driver, who was wearing a helmet, suffered serious non-life threatening injuries. Charges are pending.

At 5:32 p.m., Saturday, Interstate 90, mile marker 57, within Rapid City limits: A 2008 Harley Davidson FLHC motorcycle was eastbound on Interstate 90 when the driver lost control while trying to change lanes during a rainstorm. Both occupants were thrown from the motorcycle. The 56-year-old male driver was not injured and the 20-year-old female passenger sustained minor injuries. Both were wearing helmets. No charges are pending.

At 11:15 p.m. Saturday, South Dakota Highway 89, 14 miles south of Pringle: A 2019 Indian Chief motorcycle was westbound when the driver lost control. The 59-year-old male driver was thrown from the motorcycle. He was not wearing helmet and sustained serious non-life threatening injuries. Charges are pending.
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I really only have one question.....what is the relationship between the 20 year old female passenger and the 56 year old rider.

Honestly...I feel I need to know this.

k thanks.
 
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