The Reality of America's Finances

[blakpacman]

Quote from Bob111:
tell me something i don't know.

Did you know...?
http://www.youtube.com/watch?v=NqxMlmpB66k

 

[toc]

Other than military and some government spending, there are very few areas for US government to save and not get deficits year after year.

Inflating/devaluing USD are the best ways possible, even if it is slow and steady.

Since 2001, USD has lost nearly 33% of value that speaks alot about the long term wash out of the debt.

Do not worry about the debt ceiling, it will be increased more and more, every time the threshold nears.

 

[Lucrum]

Quote from toc:

...Do not worry about the debt ceiling, it will be increased more and more, every time the threshold nears.

You said it. We have a "debt ceiling" in name only.

 

[Scataphagos]

Quote from mind:

i think obama's action was more justified than bush's
war spending. truth is america is kept hostage by a group
that runs on a fuel combined of global empire ambition,
social injustice and an unshakeable believe in what they
call, erroneously, "free market". on top a weird reference
to ancient scriptures, be it constitutions or bibles. and
i did not even mention that the american right holds the
whole planet hostage when it comes to global warming.

america's problem is not debt, it is the current total lack
of wisdom on the right side of the isle and i say this all
as being a fiscal conservative, well, at least my version of it.

That's STUPID ENOUGH TO GET YOU ON MY IGNORE LIST!

 

[Bob111]

there is some truth in his post,if only he can substitute 'right' word with something more broad..like Washington for example

 

[mind]

Quote from Scataphagos:

That's STUPID ENOUGH TO GET YOU ON MY IGNORE LIST!

please do that. i have no interest in
any interaction with you.

 

[StarDust9182]

Quote from mind:

i think obama's action was more justified than bush's
war spending. truth is america is kept hostage by a group
that runs on a fuel combined of global empire ambition,
social injustice and an unshakeable believe in what they
call, erroneously, "free market". on top a weird reference
to ancient scriptures, be it constitutions or bibles. and
i did not even mention that the american right holds the
whole planet hostage when it comes to global warming.

america's problem is not debt, it is the current total lack
of wisdom on the right side of the isle and i say this all
as being a fiscal conservative, well, at least my version of it.

Truth is ... IMO there is only one party in Washington. They work for the same corporations and are well paid. If follows then, that to debate who is better, is an "angels on the head of a pin" discussion.

As to a debt problem, we will know in a decade or two if it's a problem or not. So far, since 2008, QE and debt seem to be causing serious economic troubles.

 

[LEAPup]

Quote from mind:

i think obama's action was more justified than bush's
war spending. truth is america is kept hostage by a group
that runs on a fuel combined of global empire ambition,
social injustice and an unshakeable believe in what they
call, erroneously, "free market". on top a weird reference
to ancient scriptures, be it constitutions or bibles. and
i did not even mention that the american right holds the
whole planet hostage when it comes to global warming.

america's problem is not debt, it is the current total lack
of wisdom on the right side of the isle and i say this all
as being a fiscal conservative, well, at least my version of it.

Are you for real?

 

[mind]

Quote from LEAPup:

Are you for real?

put me on your ignore list. thnx.

 

[Lucrum]

Quote from mind:

i think obama's action was more justified than bush's
war spending. truth is america is kept hostage by a group
that runs on a fuel combined of global empire ambition,
social injustice and an unshakeable believe in what they
call, erroneously, "free market". on top a weird reference
to ancient scriptures, be it constitutions or bibles. and
i did not even mention that the american right holds the
whole planet hostage when it comes to global warming.

america's problem is not debt, it is the current total lack
of wisdom on the right side of the isle and i say this all
as being a fiscal conservative, well, at least my version of it.