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The recession, financial crisis and two wars have pushed the federal deficit above $1 trillion, a record level that makes the Treasury secretary's role as chief marketer of U.S. debt tougher than any of his recent predecessors'. Geithner, who traveled last week to the Middle East and Europe, has to convince foreign investors to keep buying Treasury bills, notes and bonds; they hold nearly half of the government's roughly $7 trillion in publicly traded debt.
Originally posted by Gateway
reply to post by Sashromi
I think its a great TOPIC. SADLY, our friends on the LEFT (or socialists) who are both in the democratic and republican parties refuse to see the writing on the wall.
The DEMOCRATS still want to expand health care, social security, unemployment benefits, education, subsidizing their "Green" businesses.
The REPUBLICANS still want to expand our wars, increase military spending, subsidizing their Big-business friends.
Nothing to see here REPUBS AND DEMOS...keep your head buried in the sand. Why let a little thing called reality, bother you.
[edit on 21-7-2009 by Gateway]
We are the country with the highest LIVING standard and we are not as socialist...yet. Why is it people from these so-called socialist countries have had and continue to have brain drains and see their best and brightest come to our country and stay. Maybe they like coming here and like being abused by our dynamic financial, and employment markets or maybe they come here and fooled into paying for our still relatively low income taxes, no....maybe they like being tricked into having to find their own way and pay for their health care, since it's not free here....yet.
Originally posted by audas
Hmm - ecept for the fact that the countries with the highest living standards one earth are ALL socialist ..... oops ......didn't realise that did you humpty.
This is a Non Sequitur, your country (Australia's) relative success as apposed to other nations is not due IT being more SOCIALIST than others. Preposterous, rather it's the fact that you don't have government printing up dollars to buy your way out of spending. That would be like arguing that North Korea is an economic powerhouse due to its socialism.
Even my country, Australia, is considered to be the best performing nation on earth - and we comfortably fit into ALL OF THE ABOVE
Regardless of whatever you wish to call it, Fascist or Socialist they both come from the LEFT point of view. It is an ideology of GOVERNMENT interference in markets. Instead of falsely misleading people into the notion that socialist nations are more prosperous do TO SOCIALISM...why don't you look and ADMIT...at the fact the ability to pay for all of these socialist programs comes OFF the BACK of the productive and WHAT little CAPITALISM EXIST in these countries to begin with. KILL THE LITTLE CAPITALISM THAT EXISTS...AND WATCH THE NATION IMPLODE.
- you see its not a socialist thing whcih is destroying your country - rather it is the fascist thing - one day you will understand this - perhaps you could and electricLIght could do some reading together ?
Ok...please tell me where.
Originally posted by audas
You are wrong on almost every point
So, I should take the comment. "America is no where near the highest living standard." As your word without any proof on your part.
- firstly America is no where near the highest living standard - not by a country mile
Aaah so therefore, socialism = prosperity. Therefore, the further a nation moves towards socialism the better off a nation is. Well, then I guess North Korean, Cuba, Nicaragua, hell here's a whole slew of countries...
- secondly the prosperity and exceedingly high living standards of Australia and other countries which have vastly higher standards of living the the USA is exactly because of their socialist policies.
You have considerably little understanding of the distinctions between fascism and socialism - in fact none
Because governments kills,(wars) it enslaves,(conscripts, taxation) it interferes in markets, (Central Banks, IMF, World Bank, etc)...I could go on and on about the EVIL that is government. All governments.
- you seem to equate the government as some left wing demon which is opposed to all things prosperous
Well...teach me then...kid.
- which is a quaint "sterotype" held through sheer ignorance of political science or international relations.
Your point here is what...that our MILITARY is great? So what?
The US government is the biggest on earth - has been for decades - Obama is doing little to change this - the US military IS the government and so accounts for 70% of all spending - this is the primary employer in your country - further this is the greatest form os socialism there is - der.
Bedrock of what? You just made a normative statement, with no argument. That would be like me saying a POWERFUL military is the bedrock of any nation.
Further the creation of high universal health and education are the bedrocks of the most progressive countries on earth
Yes our standard of living here is so miserable that people are flocking here by the boat fulls...to live in misery.
which also have the highest standards of living - which America does not.
Ah...now you said something. Yes they do TAKE a percentage...try 60 to 70% maybe even more of the earnings to pay for these things. How do you know, that if the 60 to 70% of that income was given back it could be spent on priorities on what PEOPLE deem important. If I give you back 60 to 70% percent of your income would you know how to spend it properly to maximize your welfare. Or do you believe yourself and your countrymen to be to IGNORANT and STUPID to know that they need to save some for the future, for medicine, for education and so on? Be careful how you answer this!!
The Scandanavian countries, the Nordics and Northern Europeans enjoy the highest standard of living on earth - they are all socialist, capitalist democracies - in other words they take a percentage of taxation for expenditure
You have said nothing here, we already know. We know government is encroaching into our capitalism and we are not happy about it. That is why OBAMA will be voted out in 4 years. I almost guarantee it. Our country is based on hard work and individual achievement and limited government. Our forefathers new TOO much government means few choices and less liberty. This is who WE are...if your people want government to dictate to you what to do and when to do it, then so be it. Good luck to you.
on the betterment and improvement of society as a whole - the US is a fascist pseudo-democracy - corporations and oligarchs have authority with the façade of democracy maintained for stooges to believe in.
Well then why not tax 100% of our income so that we can tax our way to prosperity? Ridiculous.......the police, military and roads did not make us the nation we are today. We are a successful nation because we have always believed that small and un-intrusive government is the way to prosperity. Our wealth is Due to OUR PRIVATE sector...the encroachment of larger government has been AFTER the fact. Our founding fathers, didn't create, department of education, department of labor, IRS, CIA, BEA, so on and so forth.
What people such as yourself utterly fail to realise is that without taxation there would be no roads, police, military, or in fact any wealth at all
Yes, I'm sure the American people would STARVE if we didn't have those FEDERAL AGENCIES.
- the US would literally be a quagmire of unruly anarchy - this is what law and order provide for.
Yes, which is why most people in our country HAVE PAID for health care. And If I had cancer, aids, or any terminal sickness I would be happier treated here WHERE WE HAVE THE BEST OF THE BEST, because it is private health care, than go to some mediocre SOCIALIST system where MOST...IF NOT ALL THE NEWEST MEDICAL INNOVATION AND TECHNIQUES by the way came from the U.S. A private health care system.
The idea of providing universal health care is not one of some left wing liberal conspiracy - it about absolute common decency
ALL of those countries are miserable HELL HOLES, because they destroyed PRIVATE ownership and don't enforce property rights. DO YOU NOT SEE ONE OBVIOUS TRAIT ALL OF THOSE NATIONS YOU MENTION SHARE? Here's a hint: none of them practice CAPITALISM.
- it countries like YEMEN, Nigeria, Sudan or Equatorial Guinea who allow people to die on the streets for want of simple medication, it is third world back waters like the Congo who refuse to help their people who are starving, who refuse to better their people through education, who refuse to heal the sick - it is a depraved and sickly society that can not udnerstand that they must strive to provide the best they can.
That's relative. Our poorest here, lives like a king as opposed to other nations. You think the poor here live like the poor in the Congo? I'll gladly put-up and compare our poor with one of your poor to see who has it worst. Our poor southern black who owns a color tv, eats everyday, probably has a low paying job,(a job nonetheless) but at least a job, maybe even a car, a roof over his head, up against your unemployed, starving, car-less, homeless, and marginalized, Aborigine. And see who has it worst...then...ask both the aborigine, and southern Black if he would rather live in the U.S. or Australia.
America is no where NEAR the top of the list for living standards is concerned - it may have the highest GDP - but it also has the WORST INCOME DISTRIBUTION ON EARTH -
Politics and Economics are NOT your strong point, stereotypes, shibboleths and myths appear to be your forte.