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Old 04-17-2011, 07:44 AM
 
Location: Miami, FL
780 posts, read 1,489,800 times
Reputation: 614

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Because of our dumb a** president with his stupid stimulus packages.
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Old 04-17-2011, 12:01 PM
 
Location: Victoria TX
42,663 posts, read 74,401,000 times
Reputation: 36095
Quote:
Originally Posted by Optional Angel View Post
Because of our dumb a** president with his stupid stimulus packages.
Which president was that?
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Old 04-17-2011, 01:05 PM
 
Location: São Paulo, Brazil
685 posts, read 983,300 times
Reputation: 472
Quote:
Originally Posted by jtur88 View Post
Which president was that?
I don't remember any president with his inicials starting wiht "a" either.

Maybe it's of African president. Then we have Obama which seems to be a good one. We gotta understand he took over the nation under a total mess caused by his predecessor Bush, who threw all of US money into Iraq and Afghanistan.
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Old 04-17-2011, 02:14 PM
 
260 posts, read 342,479 times
Reputation: 216
I don't really think we owe China anything. Without our corporations setting up business with their country they wouldn't be where they are right now. China knows this and is a big reason why they continue to buy up our debt. It's a mutual endeavor. Kinda like your parents paying for your college education. How many kids pay there parents back? Yet how many kids take care of their parents when they age and are less able to care for themselves?
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Old 04-18-2011, 08:49 AM
 
Location: Victoria TX
42,663 posts, read 74,401,000 times
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Quote:
Originally Posted by ricardobrazil View Post
I don't remember any president with his inicials starting wiht "a" either.

Maybe it's of African president. Then we have Obama which seems to be a good one. We gotta understand he took over the nation under a total mess caused by his predecessor Bush, who threw all of US money into Iraq and Afghanistan.
Chester A. Arthur.
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Old 04-18-2011, 11:21 AM
 
3,521 posts, read 4,977,883 times
Reputation: 3504
This may help explain http://www.nytimes.com/2011/02/15/opinion/15brooks.htm?emc=eta1 (broken link)
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Old 04-20-2011, 01:05 AM
 
461 posts, read 674,558 times
Reputation: 1006
The U.S. is comprised of many apathetic, ignorant voters who fall for left-wing political taglines like 'better education for our children', health care for our children, job creation (which only means an increase of government jobs with expensive pensions), rainbows & unicorns for our children, etc... It all sounds sweet but people don't realize reforms could be made that would actually reduce the cost of these programs yet the term cut (gasp) as in cutting costs is regarded as an anathema.


This chart is from the Treasury Dept. for April/2011


(http://www.flickr.com/photos/20217890@N00/5637194814/ - broken link)
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Old 04-21-2011, 05:19 AM
 
366 posts, read 676,394 times
Reputation: 468
Quote:
Originally Posted by Douglas Dakota View Post
Because the US citizen consume more than they produce. They are not as productive as their consumption may suggest. All of this is borrowed, not paid for. Sooner or later, US citizens must either consume less or produce more and be more competitive on the world markets. Otherwize, the system will collapse (wich is not that far away...).
Yes, NAFTA and other international trade agreements have turned the US into a service economy. Now the government is bankrupt, and cannot pay its bills. Purportedly, the wars in Iraq and Afghanistan have thus far cost well over $1 trillion. However, I distinctly remember way back when in '02, that the the Iraqi war's weekly tab was $2 billion per week.
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Old 04-21-2011, 10:54 AM
 
492 posts, read 1,019,851 times
Reputation: 362
The Chinese trade with the US in exchange for dollars. However they can buy government securities and earn interest on their dollars. Interest is paid in dollars. Whenever they want to buy anything either with the US or with other countries they have to use those dollars and those countries they trade with must be willing to trade in dollars. The US does not owe China anything.
If the Chinese decide not to trade with us because they don't want dollars then there are other countries to trade with such as India, S. America the EU etc. If those countries don't want to trade in dollars; then the government would have to subsidize the American industry to get industries up and going so that products can be manufactured here.
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Old 05-10-2011, 10:13 AM
 
34 posts, read 47,219 times
Reputation: 30
Invading Iraq to look for non-existent WMD's is expensive.
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