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If you became completely broke because you spend more money than you make, would you go out and get a loan so you can buy a mortgage on an even bigger house and so you can trade your old car for a new lease on a brand new car ... ? And when the money from that loan ran out would you go out and get another loan and by a second mortgage with a second lease car?
The United States government has been in debt since day one, buddy. After WWII, it's debt was even worse than it is now. Again, not saying we can spend whatever we want without consequence, but we're not in the danger zone yet. Republicans are telling you we are because, again, they never wanted SS, Medicare, Medicaid in the first place -- they'd rather spend it on wars and infrastructure, and otherwise spend nothing so they can avoid paying taxes. That's your end game.
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Pretending for a moment that a bank would lend you money if you were broke to make such irresponsible purchases, consider this ... Once the banks stopped lending you money because you couldn't even pay the interest on the loans you have already taken out, what would happen?
I would probably live under a bridge; the United States government, on the other hand, will do whatever it takes to keep functioning - because it has to. And it will. If you get your way, that would mean fewer social services; if liberals get their way, that would mean more taxes. Somewhere in between is more cuts and higher taxes. I think democrats have made it clear that they're willing to raise retirement age and spend less on entitlements...but conservatives haven't budged on taxes. Well, wait, I guess they compromised on payroll taxes (anyone see a pattern here?)
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Can you explain why the price of Gas and Food has increased over a hundred percent in the last year alone? Can you explain why Gold is continuing to gain?
Sure, because as the economy stabilized, gasoline and petroleum consumption worldwide also increased -- that is backed up by the fact that carbon emissions have been rising substantially during this same period. When consumption increase, when speculation increases, prices also increase. As long as the energy speculators determine that people are going to consume more oil, and thus threaten supplies, they will hedge on higher prices, driving up the price of oil per barrel, which ends up costing more at the pump. There is also a direct correlation between the price of energy and the cost of food production and transport, so that would explain the jump in food prices.
Gold is up because there have been ongoing concerns about what is going to happen to the dollar and the Euro. That, however, has as much to do with private sector debt and the trade deficit as it does public sector debt. It's not just public debt that drives the cost of the dollar up or down. If what you seem to be suggesting about the relationship between national debt and the value of currency were true, then the dollar would be gaining on the Japanese Yen, as Japan has a higher debt ratio than do we. However, the exact opposite is happening -- the Japanese Yen has strengthened against the US Dollar. The dollar is in decline because the U.S. buys more and more from the outside world, but the outside world has stopped buying American. Foreign entities buy more and more of America. It's not just the printing of money, you see.
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Originally Posted by Ironmaw1776
You know why you don't see inflation in most areas of the market? Because of price controlling ...
You do realize that price controlling and government manipulation of the market in order to cook the books and artificially keep markets from correcting is what causes bubbles just like the one that burst in 08', right?
You are just making this up. What 'price controlling' are you referring to? What government manipulation are you talking about? The meltdown of 2008 was a private-sector housing and banking crisis. What in Christ's name are you talking about here?
Totally off topic, but here's the story behind Mormons and caffeine.
Mormon founder Joseph Smith used to have his buddies over frequently for coffee and cigars. His wife got tired of cleaning up the big mess they'd make spilling coffee and dropping ashes all over the house, so she forbade him from drinking coffee and smoking in the house.
Well, it's hard to act like a big religious leader when you don't call the shots in your own home, so Mr. Smith saved face by announcing that he'd had a vision that Mormons weren't to drink coffee or smoke.
The original edict dealt specifically with coffee, but in modern times it's been re-interpreted to include all caffeinated beverages and considered a healthy living issue.
Somethin stinks in Iowa and the occupiers that got the tabulation moved.
Occupiers sit in front of campaign offices and threaten to shut down the caucus, starting in November. The main guy organizing this, is a tchnology expert and former tv producer. He claims to be a disenchanted Ron Paul supporter. Do they arrest him for saying he would shut down the vote? No, they claim his speech is protected. So they use this, as an excuse to move the count to a 'secret location'. Does that make sense to you???
It was a pretty high visibility occurence. Nothing really all that secretive or hidden about it with a lot of people involved in the counting and reporting. There does not seem to be anything out of the ordinary that went on. I will admit that when they said they lost the votes from two precints I got a little leery. There was a lot of oversight on this though. Also, we aren't talking about an astronomical amount of votes.
Just watched video of Perry saying the Iowa Caucuses was flawed. I think the term he used was "loosey goosey" .. Even saying partially due to all the Dems that he "knows" were in the Caucus meeting and votes. How pathetic he has turned out to be, but exceedingly funny.
Would you care to explain which 'prescriptions' you're referring to, and then please be my guest and explain how they're bringing Europe to the brink of economic collapse.
What's bringing Europe to its knees isn't taxation or government spending; it's debt in the banking sector. Sound familiar? Maybe not if you've been living in a cave the last few years.
What do you think that banking debt consists of? Short answer: Government bonds. The banks are in crisis because the governments that borrowed that money from the banks and issued those bonds are on the verge of defaulting. When governments go bankrupt whoever lent them money (to finance their profligate spending) is left holding the bag. Right now Obama has pushed U.S. sovereign debt to 100% of GDP. At this rate we'll be Greece in about four years. Think about it.
No, but growing up in an area abounding in LDS history I learned quite a bit. And because I find the history of that religion so fascinating I've continued to research it extensively over the years.
Just watched video of Perry saying the Iowa Caucuses was flawed. I think the term he used was "loosey goosey" .. Even saying partially due to all the Dems that he "knows" were in the Caucus meeting and votes. How pathetic he has turned out to be, but exceedingly funny.
The guy needs to check his ego.
The system is quirky...maybe not even ideal, but other candidates have successfully navigated it.
No, Gov Perry, your creditibility to be ready for POTUS was "loosey goosey" given your debate performances and other less than impressive answers provided during the campaign.
Go home. Let the real candidates spend the time in the debates. This is imporrtant election. Right now you're just a distraction.
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