China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says • Hacker News Board

Re: China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says

#261

Post by pmorici » Sat, May 27, 2017, 12:30 AM UTC

theprop wrote: post #66

pmorici wrote: post #30

Earlier quoted context omitted.

GI bill pays for a lot of education

That was after WWII...it still does a bit because there aren't enough "volunteers" to work in the US army... Remember that the volunteer army was formed after Vietnam and all the objections to the draft (mostly by better-off, educated Americans...)...

Your comment isn't very coherent. The GI bill was originally enacted after WWII, yes, but it has applied to service members ever since. They enacted an enhancement to it post 9/11 and service members have a choice between the original Montgomery GI bill and post 9/11 GI bill education benefits now. They can even transfer those benefits to their spouse or child if they don't want to use them.

Re: China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says

#262

Post by ars » Sun, May 28, 2017, 6:30 AM UTC

hackuser wrote: post #260

scandox wrote: post #188

Earlier quoted context omitted.

Gotta say (as a non Christian) nothing wrong with Jesus' reasoning and storytelling skills. Just a case of one bad axiom I guess.

To be clear, I wasn't uncomfortable with the implied comparison because I have something against Jesus or the Gospels. I was uncomfortable because I don't want anyone to think for a moment that I am comparing myself to him. (I'm not.)

If it helps, when I said "parable" I had no idea that Jesus would in any way be implied. I had never even heard of his parables before your reply.

I actually replied to you ask who you were referring to, since I had no idea, but then another comment said who it was so I deleted my reply.

I clearly am never going to be able to use the word "parable" again. I'll say fable from now on, even though fables have animals in them, not humans.

Re: China Can’t Sustain Its Debt-Fueled Binge, Moody’s Says

#263

Post by timthelion » Tue, May 30, 2017, 9:58 PM UTC

woodandsteel wrote: post #252

timthelion wrote: post #186

Earlier quoted context omitted.

It is not true that the Greek crisis happened in plain sight. The government actually cooked the books in order to comply with European lending regulations: https://en.wikipedia.org/wiki/Greek_government-debt_crisis#D...

I don't buy that excuse. Everyone knew the Greeks are very corrupt, and one feature of corrupt governments everywhere is they fake their economic numbers. So the lenders really should have looked deeper. They didn't because they knew the EU would bail them out.

Some of the lenders actually helped them cook the books [1] . And I wasn't excusing the lenders, I was excusing the citizens. How are the citizens supposed to make informed decisions when they are getting fabricated numbers?

[1] https://www.thenation.com/article/goldmans-greek-gambit/