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Originally posted by sheepslayer247
Now please justify the reasoning to take away SS and medical programs before we stop spending money on murder?
Originally posted by wwiilliiaamm
Maybe I missed it. Three of the main reasons for our problem:
LIBOR
LIBOR
LIBOR
Our pensions, loan rates, etc. are based on LIBOR. The numbers were fixed by the bankers so they could make more money.
It is sad that so few people know about this farce.
U.S. Military Spending vs. The World
U.S. military spending – Dept. of Defense plus nuclear weapons (in $billions) – is equal to the military spending of the next 15 countries combined.
These numbers show military expenditures for each country. Some say that U.S. military spending will naturally be higher because it has the highest Gross Domestic Product (GDP) of any country. The United States accounts for 47 percent of the world’s total military spending, however the U.S.’s share of the world's GDP is about 21 percent. Also note that of the top 15 countries shown, at least 12 are considered allies of the U.S. The U.S. outspends Iran and North Korea by a ratio of 72 to one.
Source: Center for Arms Control and Non-Proliferation, old.armscontrolcenter.org...; our graph uses a more comparable figure of $515 from actual 2006 U.S. military spending
Originally posted by jtma508
Wars, except in the case where we are defending our homeland, we can mostly do without. Research wars going back to at least Vietnam and you will quickly find that the pretexts for just about every one was either fabricated in the worst or based on bad judgement and equally bad information in the best case. Beyond the actual out-of-pocket spendding related to the wars you also have to account for the debt service created to finance these cluster-fracks. On the other hand, some of these 'entitlements' that you speak of are humanitarian necessities --- unless of course you are prepared to just allow people to die on the streets.
Originally posted by camaro68ss
Yeah the war budget has some affect on the overall yearly deficit but it’s not as big as your portray here. Estimates I hear for the two wars are in is 1 trillion dollars spent total in the last 10 years.
What the major problems are entitlements! Let me ask you a question. How is Greece going bankrupt and they having little to no army? How is Spain going bankrupt with little to no army? How is Italy going bankrupt with little to no army? It’s because of the entitlement spending.
Social security is a Ponzi scheme, Medicare is a ponzi scheme and Obama care will be the same. All these entitlements are paid by the young and use by the old. When Social security started it was 38 people paid into it for every 1 person receiving benefits. Now it’s 3 to 1! Its said there is now more money being withdrawn then deposited into social security. By the year 2030 Social Security will have NO MONEY LEFT!!!
Unfinded liabilities are in the total of 118 TRILLION dollars!!! If you include the governments GAAP accounting with the unfunded liabilities, in 2011 the USA spent 11TRILLION dollars!!!!
www.usdebtclock.org...edit on 10-8-2012 by camaro68ss because: (no reason given)
Originally posted by jtma508
Sounds like typical right-wing talking points. I suggest you go here, download the data and play around with it for a bit. The whole 'entitlements' issue is brought to you by a group of people whose friends are mostly plugged into the military industrial complex.
Wars, except in the case where we are defending our homeland, we can mostly do without. Research wars going back to at least Vietnam and you will quickly find that the pretexts for just about every one was either fabricated in the worst or based on bad judgement and equally bad information in the best case. Beyond the actual out-of-pocket spendding related to the wars you also have to account for the debt service created to finance these cluster-fracks. On the other hand, some of these 'entitlements' that you speak of are humanitarian necessities --- unless of course you are prepared to just allow people to die on the streets.
Originally posted by queenannie38
That is the only danger to our freedom that truly exists…our inability to remain sovereign due to insurmountable growing debt is the only thing that will destroy this country...
Originally posted by camaro68ss
reply to post by queenannie38
Technically there separate accounts but there really not. Remember the hole debt ceiling debacle last year? Remember when Obama said he could not guarantee SS checks would go out if we reached the ceiling. I know, you’re asking yourself that question now, how can that be possible if there two different accounts??? Well your government raided the SS trust fund to pay for their war and pet projects now.
theres no money left. Im paying into a ponzi scheme by force. A ponzi scheme that i will never get to see a cent out of.