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- sandyw123, on 01/03/2009, -7/+107The Fed has started printing money, so we know how we'll pay for it - inflation.
- akchrs, on 01/04/2009, -11/+108"With President-elect Barack Obama and congressional Democrats considering a massive spending package"
I have an idea, it may sound kind of strange at first, but how bout we cut spending? - Deeh, on 01/04/2009, -3/+60Let's not forget the cost of maintaining a global military empire.
War profiteers know this best: Nothing is more lucrative then the continued funding of war. However, no one will need to defeat the empire if it collapses under it's own weight.
Historical precedent: Rome. - uselessexpert, on 01/04/2009, -20/+74***** Bush! ***** Obama! ***** The Democrats! ***** The Republicans!
ALL OF OUR ELECTED POLITICIANS ARE AT FAULT HERE! - pudly, on 01/04/2009, -7/+55SERIOUS QUESTION:
Why don't aliens wear clothes? In all society, aliens are depicted as naked little men with giant heads ... they flew a bazillion miles to get here, you'd figure they'd sort out how to sew some fabric together and cover those non-existent gonads up...
X-Files re-runs are great when im drunkt - crackerjohn, on 01/03/2009, -1/+40yaaaa , good news to start the year off.
- MacroDaemon, on 01/04/2009, -3/+42Public debt as a percentage of GDP:
Japan 170.00
Italy 104.00
Greece 89.50
Belgium 84.60
Norway 83.10
Israel 80.60
Hungary 67.00
Germany 64.90
Canada 64.20
France 63.90
United States 60.80
2007 estimates, source: CIA. - borez, on 01/03/2009, -1/+39"There's a time bomb in there somewhere," Crandall said, "but we don't know exactly where on the calendar it's planted."
This whole affair in heading the World into a deep depression, the bad thing about that is that the governments think-tank economists will look back over history and start speculating: " Just what was it that brought us out of the 1930's depression?"
And that in itself is a depressing thought. There are uber tough times ahead. That's for certain. - drak1970, on 01/04/2009, -4/+41If the US government would quit ...
giving aide to israel, or any other nation that can survive on their own...
giving money to UN causes
giving money to bribe other nations into prosecuting the USA's idiotic war on drugs
funding disproportionately large chunks of international organizations, such as the UN
wasting hundreds of billions on unnecessary wars like Iraq
giving money to racist organizations like La Raza...
... I probably wouldnt care how they spend tax money at home. But, as is, Im not far from joining the tax evaders until the USA learns how to stop robbing its citizens blind and throwing their money all over the world.
Lets put it into perspective here - the US government is willing to give millions to warlords in Iraq to make a friend, and unwilling to give a handful of money to its own homeless citizens to give them somewhere warm to sleep at night; the fallacy that is the social security fund would have been prosecuted for embezzlement and fraud if it was a private entity operation; now they give trillions to private industry and who will pay for this?
Ya, I am tired of paying for everyone else. - jeffiek, on 01/04/2009, -5/+38Don't get suckered into the name calling game. To be sure, Bush is a *****-up, but it's Congress that writes the budget, Bush just signs it.
It's the SYSTEM, not the individuals in it. As long as you concentrate on the individuals, the system will win. - DeskFlyer, on 01/04/2009, -6/+38We are so *****.
- Jazzzzz, on 01/03/2009, -4/+33Two ways to increase spending, increase taxes or print money. Either way, it costs Americans earned income.
- inactive, on 01/04/2009, -5/+32You're wrong. Do some research. Virtually every Austrian School economist is saying they (that being the old Bush admin,the new Obama admin and the Fed) are destroying the dollar and the economy with this print and borrow system. Catch some Peter Schiff videos if you want to hear the other side of this.
And I will give you plenty of "cut spending" crap. Obama isn't talking about any significant cuts. The budget is consumed mainly by defense spending, education and law enforcement. We have 700 bases in 130 countries costing over a trillion a year, and fomenting violence around the world. We spend almost 50 billion a year enforcing marijuana laws, not to mention the cost of lost productivity, property seizures and lost economic opportunities for those with convictions. Obama isn't touching any of this. He might cut a few million here and few million there, but in the context of billions and trillions, it's trivial.
As long as we keep borrowing and printing money out of thin air, our economic problems will only get worse. We need to the Fed, and demand our government and financial system obey the law.
Legally, Constitutionally, and Physically, What is a dollar? Watch and learn!
http://www.youtube.com/watch?v=1FiaUpeJxcA
http://www.youtube.com/watch?v=FbyQB8e-rQg - inactive, on 01/04/2009, -0/+26I dugg you up because you're close.
Central bankers (The Fed) know this best: Nothing is more lucrative than loaning government money for wars, and myriad social programs. All you do is propagandize the population with a false left/right political paradigm, and switch back and forth between socialism and fascism. The system can go a hundred years and the people will never notice. It's a big monopoly game complete with fake monopoly money that runs most empires. No one needs to defeat an empire, because they always collapse under their own weight when the game reaches the end.
Historical precedent: Rome. - hugolp, on 01/04/2009, -1/+27How can you cut spending and at the same time spend more? It sounds very atractive and unreal.
- inactive, on 01/04/2009, -4/+28That's pretty shortsighted and ill-informed ... unless you meant GW's great grandfather who was one of the founders of the Federal Reserve. This mess has been brewing for a long time - since 1914, with major contributions by FDR in '32, LBJ in '64, and Nixon in '73. As long as you're thinking in the old left/right paradigm, you're thinking is outdated. If you don't want to be considered an intellectual dinosaur, you need to start thinking about which organizations and people control the money, and stop thinking the cartoon characters on TV are real.
- corykiser, on 01/04/2009, -3/+27We need a bacon standard to stop inflation. The government must be able to back up the dollar with about 1/2 pound of bacon.
- rrc7cz, on 01/04/2009, -5/+28That's what makes it worse - he hasn't taken office and he's already got a plan to dig us $1 trillion deeper into the hole with his little stimulus. BTW, how'd that last $165 billion direct-to-taxpayers stimulus turn out? How about that $700 billion to "sure up the financial system"? Yet clearly people want to keep throwing money at the problem. Money we don't have, and money that's stolen from other countries via debt and stolen from Americans via inflation.
- rrc7cz, on 01/04/2009, -7/+28You're missing this huge point: 2/3 of our GDP is on consumer spending. 2/3 of our GDP is buying *****! You can't pay off debt by buying stuff at Walmart. In other (producing) countries who still make and export things, they can sell these things they make on the world market and use the proceeds to pay off debts. You should be comparing debt not to GDP, but to the actual amount of GDP that is producing things, not consuming them. In that case the real percent is something around 200% like Japan.
- akchrs, on 01/04/2009, -11/+31and lets not blame the democratically controlled congress for getting us into this mess.
- inactive, on 01/03/2009, -2/+22I'm sorry but that just doesn't work. Odumbo? I was much happier with Obaminable.
- Y0tsuya, on 01/04/2009, -2/+21We do export things, namely financial fraud, to the tune of several trillion.
- principle, on 01/03/2009, -6/+23“As of yesterday, the debt stood at nearly $10.7 trillion, of which about $4.3 trillion is owed to other government institutions, such as the Social Security trust fund.” This is why both the Democrats and the Republicans (who stole the money) insist that the Social Security is broke and needs to be reformed, so that people who stole the money will never have to pay it back.
“$2 Trillion Increase May Test Federal Ability to Borrow” Did they account for the $8.5 trillion bailout?
http://themessthatgreenspanmade.blogspot.com/2008/ ... - Singularitarian, on 01/04/2009, -1/+17This is the kind of thing that would happen if third graders were running the government.
- asw66, on 01/04/2009, -5/+21Better idea: bring military spending down to sensible levels. (Remember that US military spending is on a par with the rest of the world's military spending put together.)
- painted82, on 01/04/2009, -2/+18Jennifer, government is never a solution to an economic problem, usually it is the cause! Government cannot create wealth as well as free individuals can, it is only a burden on honest people trying to make a living from real economically viable production. Hence, the only thing government can do to help is to get the ***** out of the way.
- ee80, on 01/04/2009, -1/+17Obama promised PAYGO (a mandated balanced budget) but of course he actually intends to keep up the pace of Bush on deficit spending. Obama promised to filibuster FISA midway through the primaries when it was convenient, then reversed course and voted for the wiretapping bill that pardons Bush and his big telecom cronies.
Change? My ass.
www.mises.org - gfryesc, on 01/04/2009, -6/+22change you can believe in, chumps.
- inactive, on 01/04/2009, -2/+18Spend spend spend, never mind the inflation, its just your imagination!
- alais, on 01/04/2009, -12/+27The hell it is, what elementary school did you flunk out of?
- inactive, on 01/04/2009, -4/+19We should invest all that money on R&D to create a time machine in order to go back to the 2000 elections and stage a massive coup d’état. Problem solved.
- MacroDaemon, on 01/04/2009, -0/+15https://www.cia.gov/library/publications/the-world ...
- Alias1431, on 01/04/2009, -3/+17Not Mr. Ron Paul.
- nigelbc, on 01/04/2009, -2/+16a LOt has changed since 2007!
- fuckingusername, on 01/03/2009, -16/+30Zeitgeist: Addendum
http://video.google.com/videoplay?docid=7065205277 ... - SamSks, on 01/04/2009, -2/+16You can do both. See, in Washington, you can cut spending and spend more. That's how they work - complete moronic budgetary logic. They do that to buy votes: yeah fiscal conservatives, we're cutting spending! Don't worry my constituents, I'll bring money from Washington to help you poor poor victimized people. We all know (insert Democrats for Red state: Republicans for Blue States) have royally screwed this country up and we are entitled to this money from Washington to compensate us for the short sightedness of the other party!
*****! I should run for office! I could use a 6 figure cushy Government job! - fuckingusername, on 01/04/2009, -0/+13if I see a Alien bellow the age of 18 could I be arrested ?
- goodinohio, on 01/04/2009, -0/+11Such an insult to third graders!
- nmessick, on 01/04/2009, -1/+11...that would be great. I can't seem to find a single dollar that does.
- oldhick, on 01/04/2009, -0/+10Jen you are way off on this one. Obama is NOT cutting spending. You can't cut spending and increase spending at the same time. You mean they are "changing" spending which is really irrelevant to this discussion.
- oldhick, on 01/04/2009, -1/+11"He's not even President yet and already people are blaming him for our national debt.", true. He' s the president elect and he's made proposals about the need to increase spending.
How is anyone re-writing history by listening to the President elect?
And no, it's NOT necessary to spend. - ShindeKudasai, on 01/04/2009, -1/+11Yep. Yet people keep electing the same crooks, liars and idiots to Congress that started this mess in the first place. I suppose we really have only ourselves to blame.
- BillE3, on 01/03/2009, -2/+12A brief history of Government policy influenced by think tanks that have been staffed by Ivy League graduates; 1930's depression 1960's Viet Nam War 1990's Affordable housing for everyone 2000's bailouts of banks.
- kyoobeh, on 01/04/2009, -5/+15I hate socialism!
I wish we didn't have federally funded Police Departments, Fire Departments, Public Schools, or Interstates.
Ever since those things have been socialized, AMERICA has gone down the DRAIN!
/s
What are you worried about anyways, aren't you safe for when the rapture happens or whatever? - alais, on 01/04/2009, -4/+14It is not necessary to spend. Government does NOT create jobs.
- herojon, on 01/04/2009, -2/+12Stop being blind. His point is all politicians are putting us further in debt. It is true. Obama has gone on and on about his plans to spend money without discussing how he will fund it. He obviously isn't going to get a 2 trillion dollar increase in taxes otherwise his tax cuts were lies, thus he is clearly going to put us further in debt.
- skztr, on 01/04/2009, -3/+13Right now it's necessary to ride out a recession. The last guy ***** us over, and unfortunately nobody wants to be the "do nothing" president who just keeps people in line and sees us through to putting a dent in our debts.
America is in serious debt. We _SHOULD_ be in a recession. Increase taxes, cut back on spending. The market will keep itself afloat, and ancient companies that can't keep up with the way modern business works will die. Thousands losing their jobs? That is _NOT_ something to be prevented.
It's okay to have a really ***** time every century or so. - alais, on 01/04/2009, -1/+11Because its not an investment.
- JesseJ, on 01/04/2009, -6/+16Goodbye USA!
- nigelbc, on 01/04/2009, -0/+10all the money for bail outs is borrowed... with interest. the interest creates debt. they are in a vicious spending cycle... borrow more money to pay off your debt.. oh wait that creates more debt.. that is one of the many reasons the current finacial system is *ahem* *****
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