16 TRILLION on the DNC's Big Tuesday

reply to post by Eurisko2012


You party will NEVER win, so it matters not if you believe your own nonsense.

Despite your ufo avatar it is seems you are not much of a conspiracy theorist.

The debt crisis is MANUFACTURED NONSENSE, when if ever will you comprehend that? If the bankers and investors were serious about collecting their bond returns they would have never forgiven the debt as they did with argentina and greece. They are using the crisis for LEVERAGE to proceed the one world disorder.

reply to post by EarthCitizen07


Never win ???

So certain are you.

Well, we won't have to wait long to find out. - 2 months to go. -

reply to post by Eurisko2012


Geez...I never thought that accusing someone of NOT being much of a conspiracy theorist (despite their ufo avatar would one day be considered an insult.

Interesting and emotional topic for sure. For what I am replying with (facts), my political affiliation doesn't matter.

The situation our country faces is dire. The long and the short of this is that debt is accrued over time and doesn't magically appear one day. I am not asserting that this was implied, I am just clarifying.

Two wars certainly don't help, nor does the entitlement attitude that is prevalent today (EBT cards, section 8 housing, cell phones for the poor, a playstation in every pot, etc.).

Both sides will assert their position with some specific examples, aptly ignoring the bigger picture. And in the end, both sides will lose. We all will lose. That's not because the republican, or democratic candidates for president are bad or that their parties are irresponsible, it's because our political system in my opinion is flawed. There has been absolutely no support for our president the last three years (after he forced his agenda on the medical system revamp when the democrats were in control). So in effect, we have a stale mate.

Whomever becomes president, nothing will change as lobbies will control what laws become enacted and our flawed political system will make sure we will have more of the same. The supreme court recently voted that foreign money can be used to lobby. Think about that for awhile.

So the data below may be a slight improvement to the deficit from where we started, and more importantly showing that it it was not all created by one party (there's plenty of blame to go around) and certainly not by the current president.

How do we fix this? we need to hold both parties accountable for a balanced budget. And maybe that means the 1% pay their share of the taxes and maybe it means that just because someone is born poor doesn't mean that they are entitled to the new Air Jordans, or a cell phone, or a guaranteed income for their life, their children's life and their children's life, ad nauseam. Maybe it means that we, as Americans become who we were earlier in our history. The land of opportunity, the land where if, just if you work hard and help your neighbor, you can be something. Where we didn't depend on the government to survive, where people felt a responsibility to do that for themselves.

My point is that all Americans (rich (greed) and poor (entitlement)), share the responsibility to make this country a success and more importantly to set an example to a very unstable world.

Some where along the way we lost that.

P.S. I am very disappointed to see the personal attacks on this thread. If you disagree with someone's opinion, reply back with one of your own and the data to support it.

Here's a link to the article I used to support my points above.

thinkprogress.org...

Here's the bar chart

thinkprogress.org...

"Federal spending is lower now than it was when President Obama took office. I’ll pause to let you absorb the news.
In January 2009, before President Obama had even taken the oath of office, annual spending was set to total 24.9 percent of gross domestic product. Total spending this year, fiscal year 2012, is expected to top out at 23.4 percent of GDP.
Here’s another interesting fact. Taxes today are lower than they were on inauguration day 2009. Back in January 2009, the CBO projected that total federal tax revenue that year would amount to 16.5 percent of GDP. This year? 15.8 percent.
One last nugget. The deficit this year is going to be lower than what it was on the day President Obama took office. Back then, the CBO said the 2009 deficit would be 8.3 percent of GDP. This year’s deficit is expected to come in at 7.6 percent.

The fact is that Obama inherited a disaster of a federal budget. Eight years prior, when President George W. Bush took the oath of office, there was a $281 billion surplus. By the time Obama was sworn in, he was facing a $1.2 trillion deficit. Inconvenient though it may be for conservatives (especially those who are running for president), the truth is that spending, taxes and the deficit are all lower today than when President Obama took office."

Originally posted by ArcAngel

Whomever becomes president, nothing will change as lobbies will control what laws become enacted and our flawed political system will make sure we will have more of the same. The supreme court recently voted that foreign money can be used to lobby. Think about that for awhile.

IMO all campaign contributions should be banned and a vote tax installed so that all registered parties can have an equal budget to spend on. Also the campaign process needs to be shortened significantly to make it affordable for the citizens; 30% to 50%!

It is tragic that the two big parties get almost all the money! Small parties and their candidates cannot realistically get their message across with the bare minimum media coverage. Not to mention the horrible bias against socialism and communism.

reply to post by ArcAngel


Our only way out of this mess in growth in the economy. - GDP 7% - in 2013

We can't get there from here with a socialist like Obama in the White House.

Look at Europe today. - stagnation -

The UK has slipped back into a recession.

-------------
We deserve better than the failed economic policies of Obama.

Be sure and keep a close eye on the next Job Report in October.

reply to post by Eurisko2012


The economy in the US is doing ok because of ''more spending/more debt'', the republican party want to spend less right? Like Europe now? And because the US now is on a record low % of which she must pay on her debts.
That's good I guess when it goes worse in Europe, the US is seen as more '''safe'' so easy to borrow more money and grow.

Europe is a mess since allot of debt are in influence of speculators and with US credit agency's which maybe are connected / or the powers (just some small club with power?).
So now Europe must make new loans from other EU country's, buying up those debts with insane interest rates (like in greece).
If the US had to pay the same interest rates as Greece on their debt, it would be even worse off then Greece, since nobody would rescue her for sure..

Everything Europe does, every sollution, those US rating agency's will downgrade them, so then they have to pay more interest on their debt and speculators can make bets on them and make good money! The ECB (europian central bank) now wants to buy up those infected debts so interest rates can be normal again but the US rating agency's right away threatening downgrading the ECB! I never heard them about downgrading the FED?


US banks first selling faulty products rated AAA to Europian banks, the everyone knows by now.
So the key for Europe is to get out those above powers, which will be hard but not impossible.

Will be hard, but we will see who survives in the end.

Originally posted by Plugin
reply to post by Eurisko2012

 

The economy in the US is doing ok because of ''more spending/more debt'', the republican party want to spend less right? Like Europe now? And because the US now is on a record low % of which she must pay on her debts.
That's good I guess when it goes worse in Europe, the US is seen as more '''safe'' so easy to borrow more money and grow.

Europe is a mess since allot of debt are in influence of speculators and with US credit agency's which maybe are connected / or the powers (just some small club with power?).
So now Europe must make new loans from other EU country's, buying up those debts with insane interest rates (like in greece).
If the US had to pay the same interest rates as Greece on their debt, it would be even worse off then Greece, since nobody would rescue her for sure..

Everything Europe does, every sollution, those US rating agency's will downgrade them, so then they have to pay more interest on their debt and speculators can make bets on them and make good money! The ECB (europian central bank) now wants to buy up those infected debts so interest rates can be normal again but the US rating agency's right away threatening downgrading the ECB! I never heard them about downgrading the FED?


US banks first selling faulty products rated AAA to Europian banks, the everyone knows by now.
So the key for Europe is to get out those above powers, which will be hard but not impossible.

Will be hard, but we will see who survives in the end.

edit on 10-9-2012 by Plugin because: (no reason given)

Well, forget about growing the economy anywhere. Who cares???

We have a great quick fix in the USA and Europe.

In the USA we have Helicopter Ben Bernanke!

In Europe you guys have Super Mario to the rescue! Lets just print money and just see

what happens. It's just so - easy -. What could go wrong?

---------------
This will not look good in the history books.

reply to post by Eurisko2012


When too much money is printed, such as during the Great Depression. It's used to keep warm during the winter.

Originally posted by Eurisko2012
reply to post by ArcAngel

 

Our only way out of this mess in growth in the economy. - GDP 7% - in 2013

We can't get there from here with a socialist like Obama in the White House.

Look at Europe today. - stagnation -

The UK has slipped back into a recession.

-------------
We deserve better than the failed economic policies of Obama.

Be sure and keep a close eye on the next Job Report in October.

The economy does not neeed to grow at the whims of business. Capitalism is a failed system based on scarcity of capital, which results in the abuse of employees and the enviroment. People should not have to work themselves to death just to survive. People should not have to go 65 to retire. There should not be deforestation and pollution to increase profit margins.

Socialism(a semi-planned economy) and communism attempt to fix problems and in the end they do so MUCH BETTER than capitalism. We need to get past materialism which is a sign of immaturity. We need to socialise among ourselves better and set other more lofty goals by cooperation.

I REALLY HOPE the republicans lose and that a third party emerges stronger than ever before. Maybe I can tolerate the democrats for four more years and maybe not. The republicans never again!

Originally posted by RELDDIR
reply to post by Eurisko2012

 

When too much money is printed, such as during the Great Depression. It's used to keep warm during the winter.

Baloney. Money is a confidence trick. The simplest way to illustrate this concept is substituting federal reserve currency with monopoly currency. A few hundred bills of monopoly money are just as valuable per piece as a million bills of each.

The value of money should not be based on the supply/amount in circulation, it should be based on the value of the merchandise and services exclusively. If there is shortage of produce the price will go up and if there is an overabundance of produce the price should go down.

Inflation is an evil joke to devalue money and thus enslave people. That means you have to work harder and longer to make the same money, and taxes tend to increase as well because the government gets shortchanged.

Capital needs to be issued by the state and closely regulated.

reply to post by Eurisko2012


I don't understand your comment "socialist in the whitehouse". Can you back this up with any data?

Originally posted by Eurisko2012

Originally posted by princeofpeace
The US brings in several trillion dollars a year. To reverse the debt, cut the spending. Simple math. The country is broke, the country has a spending problem.

Cut spending and grow the GDP to $25 Trillion over the next 8 years.

President Mitt Romney will have to do some financial gymnastics at first but we

can grow our way out of this mess by putting Americans back to work.

corporations can already do that...exxon paid no federal income tax last year, plus, they got a 30 million dollar refund check from us the taxpayers...they make 10 billion in PROFIT every 90 days, a new refinery cost approx. 1 billion dollars to build, approx. 10 days worth of profit....why are they NOT building more refineries? why are they not lowering gas prices? if not the first 2 questions, why are they not paying more in taxes?