9 Trillion dollar Debt... and rising every day

[mrballsonya]

http://www.bostonherald.com/business/gener...ticleid=1043281

 

Bush's First term tax cuts to the rich in the midst of a convoluted war, seem to really have been a great Idea. One more notch in the belt of THE worst president the U.S. has ever seen.

[wtf]

http://www.bostonherald.com/business/gener...ticleid=1043281

 

Bush's First term tax cuts to the rich in the midst of a convoluted war, seem to really have been a great Idea. One more notch in the belt of THE worst president the U.S. has ever seen.

 

China and Japan are two of our biggest creditors. Our government uses China and Japan as their personal ATM. This is why you will never see anything done about the under valued yen or the unfair trade balance with China. If we demanded fair trade with China, they would stop buying American currency, that would put this country intio a deep recession. We also have to let Japan keep their yen at an under valued rate for the same reason, they hold too much American currency.

 

We do not have to worry about Japan and China running out of money to lend to us, because we keep lining up like sheep to buy their imported goods. We go to walmart, drive Japanese cars and generally buy junk we do not need that is made in China. Bush will be able to add more to our debt in January, after all Chirstmas is coming up, and what do you do to show your love for your family....buy them crap made in China!! China will soon have more cash to buy up our debt and we can borrow more!!!

[Pepper]

China and Japan are two of our biggest creditors. Our government uses China and Japan as their personal ATM. This is why you will never see anything done about the under valued yen or the unfair trade balance with China. If we demanded fair trade with China, they would stop buying American currency, that would put this country intio a deep recession. We also have to let Japan keep their yen at an under valued rate for the same reason, they hold too much American currency.

 

We do not have to worry about Japan and China running out of money to lend to us, because we keep lining up like sheep to buy their imported goods. We go to walmart, drive Japanese cars and generally buy junk we do not need that is made in China. Bush will be able to add more to our debt in January, after all Chirstmas is coming up, and what do you do to show your love for your family....buy them crap made in China!! China will soon have more cash to buy up our debt and we can borrow more!!!

 

GREAT POST! I just posted something about not buying those products on another thread.

 

WE made those countries rich and they are sticking it to us every day. Look at the recalls on toys- do the Chinese really care that these toys are killing American kids? Nope.

[cal50]

http://www.bostonherald.com/business/gener...ticleid=1043281

 

Bush's First term tax cuts to the rich in the midst of a convoluted war, seem to really have been a great Idea. One more notch in the belt of THE worst president the U.S. has ever seen.

 

 

 

Since 1969 the congress has spent more money than it receives and added to the debt by not following a simple rule of spending less than you have in hand. You can view the debt as a static number or as compared to GDP. Either way the spending of congress is the biggest contributor regardless of democrat or republican president.

 

Tax cuts for the rich,your brainwashed on that one.I must be rich then.

 

"Worst" president?

Jimmy Carter holds that title.

[sprinter]

Since 1969 the congress has spent more money than it receives and added to the debt by not following a simple rule of spending less than you have in hand. You can view the debt as a static number or as compared to GDP. Either way the spending of congress is the biggest contributor regardless of democrat or republican president.

 

Tax cuts for the rich,your brainwashed on that one.I must be rich then.

 

"Worst" president?

Jimmy Carter holds that title.

 

 

You are correct about congress creating this pork. However the president has veto power and could be using it.

[Trimdingman]

http://www.bostonherald.com/business/gener...ticleid=1043281

 

Bush's First term tax cuts to the rich in the midst of a convoluted war, seem to really have been a great Idea. One more notch in the belt of THE worst president the U.S. has ever seen.

 

The falling dollar impacts the rich more than the poor. Don't worry, the rich are paying. The war is for our survival. You can't put a price on that.

[fmccap]

You are correct about congress creating this pork. However the president has veto power and could be using it.

He or any other one does not have the balls to do that. They are all one in the same. What would be so hard about vetoing something and having a news conference telling Americans why???? Then the American people can light up the phone lines of the legislative branch forcing them to do the right thing, just like we did with the immigration issue recently.

[fmccap]

The falling dollar impacts the rich more than the poor. Don't worry, the rich are paying. The war is for our survival. You can't put a price on that.

They have alot more money than us, it impacts us more. Remember Germany with there wheelbarrows full of money to get a loaf of bread??? The rich have those wheelbarrows full, I don't know about you but I don't.

 

So you are saying that if we were not in this war we would not have survived???

[The Drunk]

Bernanke see a problem? No shit!

 

Many economists believe the economy's maximum point of danger of falling into a recession will occur early next year.

 

 

This guy is a damn einstein!

[Pioneer]

"Worst" president?

Jimmy Carter holds that title.

 

Not anymore.

[fmccap]

Not anymore.

The American empire is falling with the dollar

The macho super patriots who support the Bush regime still haven't caught on that US superpower status rests on the dollar being the reserve currency, not on a military unable to occupy Baghdad. If the dollar were not the world currency, the US would have to earn enough foreign currencies to pay for its 737 oversees bases, an impossibility considering America's $800 billion trade deficit.

 

When the dollar ceases to be the reserve currency, foreigners will cease to finance the US trade and budget deficits, and the American Empire along with its wars will disappear overnight. Perhaps Bush will be able to get a World Bank loan, or maybe one from the "Chavez bank," to bring the troops home from Iraq and Afghanistan.

 

Foreign leaders, observing that offshoring and war are accelerating America's relative economic decline, no longer treat the US with the deference to which Washington is accustomed. Ecuador's president, Rafael Correa, recently refused Washington's demand to renew the lease on the Manta air base in Ecuador. He told Washington that the US could have a base in Ecuador if Ecuador could have a military base in the US.

 

There isn't any money with which to fund Bush's lost war. It will have to be borrowed from China.

 

The Romans brought on their own demise, but it took them centuries. Bush has finished America in a mere seven years.

[mrballsonya]

The war is for our survival. You can't put a price on that.

 

WTF? :wacko:

 

Thank God we decided to occupy Iraq, I can't tell you how many times I had nightmares of Iraq's navy storming our shores. :rolleyes:

[wtf]

The falling dollar impacts the rich more than the poor. Don't worry, the rich are paying. The war is for our survival. You can't put a price on that.

 

This war is not for our survival, you idiot. Al qaeda and Bin Landen have already won this war. Bin Landen wanted to destroy the United States and he has. Look around you, the U.S. is practically bankrupt, the dollar is falling, we have a huge budget deficit and a huge trade deficit that we cannot do anything about.

 

There is more than one way to destroy a country. A country can be destroyed with guns and bombs or it can be destroyed financially.

[skittet150]

He or any other one does not have the balls to do that. They are all one in the same. What would be so hard about vetoing something and having a news conference telling Americans why???? Then the American people can light up the phone lines of the legislative branch forcing them to do the right thing, just like we did with the immigration issue recently.

A news conference to tell Americans why? are you for real??? What news media are you wanting to get a fair report from? In case you haven't sat down and watched any of the Big 3 report on our exec's and leg's branches, I can assure you that you will not get a fair report. Our media has such a bias slant to it, and the majority of the sheeples buy right in to it. Push the koolaide away, research the topic's, and form your own opinion. If not, you too will be lead to believe that if you don't vote for H. Rotten Clinton, it is because you are a sexist and don't want a woman in office, rather than the true facts about her double speak and shady dealings in the past.

[Trimdingman]

This war is not for our survival, you idiot. Al qaeda and Bin Landen have already won this war. Bin Landen wanted to destroy the United States and he has. Look around you, the U.S. is practically bankrupt, the dollar is falling, we have a huge budget deficit and a huge trade deficit that we cannot do anything about.

 

There is more than one way to destroy a country. A country can be destroyed with guns and bombs or it can be destroyed financially.

 

 

So, America is destroyed now? Funny. I don't see anything different. There is more to a country than the government and its finances. Many countries are bankrupt, but they keep on going. The falling US dollar is causing a high Canadian dollar. The leftys up here are crying that the country is going under because the dollar is too HIGH. I don't see any problems up here either. Which one is good, high dollar or low dollar? If I have a lot of dollars, high dollar is good. If I owe a lot of dollars, low dollar is good. The US owes a lot of dollars. They also have a lot of gold in Fort Knox which must be appreciating nicely.

Edited November 9, 2007 by Trimdingman

[The Drunk]

Yesterday on the Jim Rome show the cadians were writing in and calling calling our dollar a peso and ripping us apart.Quite funny stuff.

[fmccap]

A news conference to tell Americans why? are you for real??? What news media are you wanting to get a fair report from? In case you haven't sat down and watched any of the Big 3 report on our exec's and leg's branches, I can assure you that you will not get a fair report. Our media has such a bias slant to it, and the majority of the sheeples buy right in to it. Push the koolaide away, research the topic's, and form your own opinion. If not, you too will be lead to believe that if you don't vote for H. Rotten Clinton, it is because you are a sexist and don't want a woman in office, rather than the true facts about her double speak and shady dealings in the past.

When you actually see the president speak, not people reporting on it. A Live Conference, you can see it for yourself, no reporters opinions. Trust me there is no kool aid here.

 

Here is a good little video that has some things about the media in it. It is at 29 minutes and 45 seconds.

FIAT EMPIRE

Find out how the corporate media facilitates the partnership between the Fed and Congress and why it fails to disclose what's going on.

[wtf]

So, America is destroyed now? Funny. I don't see anything different. There is more to a country than the government and its finances. Many countries are bankrupt, but they keep on going. The falling US dollar is causing a high Canadian dollar. The leftys up here are crying that the country is going under because the dollar is too HIGH. I don't see any problems up here either. Which one is good, high dollar or low dollar? If I have a lot of dollars, high dollar is good. If I owe a lot of dollars, low dollar is good. The US owes a lot of dollars. They also have a lot of gold in Fort Knox which must be appreciating nicely.

 

How can you not see anything different? You need to take your head out of the sand and look around. The fact that there are so many people in the U.S. like you, that think everything in this country is just fine, may be the scariest thing about the mess we are in. Just because W. tells you that things are great, that does not make it so. The dollar falling is only a part of the problem. What about all the jobs that are leaving, what about baby boomers beginning to collect SS when we have trillions in deficits, what about the enormous trade deficit, the war with no end in sight and no money to pay for it.......yeah things are'nt any different :wacko:

[Wanderinglost]

Geez, this ones not even very long yet, but by the time I got to the bottom, I forgot what the original post was about already.

BTW, Carter was beyond doubt ineffective, but far from the worst. If Bush isn't the worst, then he's in the top three.

[Trimdingman]

How can you not see anything different? You need to take your head out of the sand and look around. The fact that there are so many people in the U.S. like you, that think everything in this country is just fine, may be the scariest thing about the mess we are in. Just because W. tells you that things are great, that does not make it so. The dollar falling is only a part of the problem. What about all the jobs that are leaving, what about baby boomers beginning to collect SS when we have trillions in deficits, what about the enormous trade deficit, the war with no end in sight and no money to pay for it.......yeah things are'nt any different :wacko:

 

Unemployment is low. Incomes are up. We are winning the war. I have a good job.

 

People are dying of cancer. There is carnage on the highways. There are hurricanes in the south.

 

I like to focus on the good things. Have a nice day

Edited November 9, 2007 by Trimdingman

[Slithering_Joe]

Hershey is moving production to Mexico. Crap, we can't even make chocolate here anymore!!!! WTF??? Pretty soon US will have no identity.

[fmccap]

Unemployment is low. Incomes are up. We are winning the war. I have a good job.

 

People are dying of cancer. There is carnage on the highways. There are hurricanes in the south.

 

I like to focus on the good things. Have a nice day

You were lied to about incomes being up.

[sprinter]

You were lied to about incomes being up.

 

3 out of 4 are lies. But, how long will his job last?

[Trimdingman]

3 out of 4 are lies. But, how long will his job last?

 

If everyone just worried about his own life there would be no problems. My income is up from last year. If someone is having money problems he should do something about it. There is still lots of opportunity out there in spite of the government. The more that the government interferes the fewer opportunities there will be. The government is the problem. We need less government. There are too many laws and regulations. There are too many people working for the government. There are way too many taxes. We are like slaves.

I am still doing all right. My man is in the White House. I like watching the Liberals squirm. My man is also in Ottawa. Ann Coulter and Rush Limbaugh are having a field day. I'm just loving it.

[sprinter]

between the government lies and the companies stranglehold of the 'cost of living' raises, we are getting the big weenie up the rear

 

http://www.worldnetdaily.com/news/article....RTICLE_ID=58527

 

Expert says feds stealing half of seniors' paychecks

Contends government manipulating data to keep cost-of-living index low

 

--------------------------------------------------------------------------------

Posted: November 8, 2007

1:00 a.m. Eastern

 

 

By Jerome R. Corsi

2007 WorldNetDaily.com

 

The Social Security payments Americans receive in the mail are roughly half of what they would be if the U.S. Bureau of Labor Statistics reported the Consumer Price Index honestly, a veteran econometrician told WND.

 

John Williams contends the U.S. government statistics intentionally understate inflation as measured by the Consumer Price Index, or CPI.

 

By understating CPI data, Williams argued, government officials are able to avoid increases in Social Security payments that are mandated by law as "cost of living adjustments."

 

Williams maintains a website called Shadow Government Statistics that is dedicated to examine "analysis behind and beyond government economic reporting."

 

In an analysis of the CPI, Williams contends the index is understated by roughly 7 percent per year by government intentionally manipulating the data.

 

Many of the CPI manipulations, Williams asserts, were masterminded by Alan Greenspan, the Federal Reserve chairman from 1987, under President Reagan, to 2006, under President Bush.

 

Williams points out that one of Greenspan's manipulations of the CPI involved the consideration that when steak got too expensive, the consumer would substitute hamburger for the steak. So, Greenspan argued, the inflation measure should reflect the costs of buying hamburger, not steak.

 

"Of course, replacing hamburger for steak in the calculations would reduce the inflation rate," Williams commented, "but it represented the rate of inflation in terms of maintaining a declining standard of living. Cost of living was being replaced by the cost of survival."

 

Williams noted the old system "told you how much you had to increase your income in order to keep buying steak. The new system promised you hamburger and then dog food, perhaps, after that."

 

Williams concluded Greenspan's arguments violated the "intent and common usage of the inflation index."

 

"The CPI was considered sacrosanct within the Department of Labor, given the number of contractual relationships that were anchored to it," Williams wrote. "The CPI was one number that never was to be revised, given its widespread usage."

 

The Consumer Price Index is the central statistic the federal government uses to calculate inflation.

 

The CPI is a complex government statistic that was introduced in the 1920s to track the market cost of a "basket of goods and services."

 

Beginning in the Carter administration, federal economists have cleverly redefined the CPI, with the goal of removing from the index expensive items, including food and energy, that would push the it higher.

 

Today, when setting interest rates, the Federal Reserve focuses on a variation of the CPI that measures "core inflation."

 

The government's calculation of core inflation now excludes items such as food and energy, because food and energy "face volatile price movements."

 

In other words, since food and energy prices can spike, as they have this year, the Bureau of Labor Statistics calculates "core inflation" without them. The rationale is that the price shocks are temporary and, therefore, would distort the measurement of underlying long-term inflation.

 

To a family faced with paying rising food and gas prices, however, "core inflation" at 2 percent does not reflect the cost of living.

 

Other items also can be thrown out of the CPI market basket if their price spikes under the premise that the big price changes reflect passing market disequilibrium that would distort the measurement of long-term trends.

 

Williams says the inflation rate is further deflated by changing "weighted factors" used in the index.

 

He estimates the true inflation rate in the U.S. would be close to 11 or 12 percent if the CPI were not manipulated.