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Old 07-08-2011, 12:22 PM
 
2,226 posts, read 1,763,489 times
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there really ought to be awards for most interesting threads, this one rocks!
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Old 07-08-2011, 12:26 PM
 
2,515 posts, read 1,723,214 times
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Quote:
Originally Posted by hotair2 View Post

The US Trade Deficit

How do we fix the trade deficit? I have not heard either side addressing this problem.
The national savings rate has a very strong influence on the balance of trade. We are also in the position of not having anyone wanting to buy our national debt as we are likely to default. Both of these things can be addressed by setting up a forced savings plan. Put a flat tax on everyone that we can get a 100% return if we by long term saving insterments in banks or credit unions. I have a strong personal preference for the credit union side as they are less money grubbing.
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Old 07-08-2011, 12:30 PM
 
2,515 posts, read 1,723,214 times
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Quote:
Originally Posted by newonecoming2 View Post
The national savings rate has a very strong influence on the balance of trade. We are also in the position of not having anyone wanting to buy our national debt as we are likely to default. Both of these things can be addressed by setting up a forced savings plan. Put a flat tax on everyone that we can get a 100% return if we by long term saving insterments in banks or credit unions. I have a strong personal preference for the credit union side as they are less money grubbing.
P.S. the savings rate needs to be high enough to buy all our debts generated each year personal, corporate and public.
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Old 07-08-2011, 12:39 PM
 
69,372 posts, read 55,478,021 times
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Quote:
Originally Posted by MTAtech View Post
What you neglect is that Obama had no input in the 2009 budget. Yet, you assign him blame for the $1.3 trillion deficit left him by Bush. That's remarkably unfair.
Um, Obama SIGNED the budgets, not Bush
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Old 07-08-2011, 12:39 PM
 
27,903 posts, read 34,432,654 times
Reputation: 4031
Quote:
Originally Posted by MTAtech View Post


What's wrong with the economy is no mystery, not enough demand. That's why there is unemployment -- companies don't need to hire because they're below capacity.
Okay, and why would anyone want your $80 widget because of all your regulations and the $35/hr union worker that puts it together when they can get practically the same widget for $40 elsewhere?

What sort of economy do you think would support such a nonsensical dog-eat-dog world where the more value to a product the more people want of it?

A consumerist economy maybe?

But that's going to be the antithesis of having a better life for you and your family.

We grew wealth in this economy after WWII for two reasons. Most of the rest of the world's industrial complexes were destroyed and we actively intervened in 50 countries (sometimes over and over) to stop economic growth for the people of those countries so Americans could provide a better life for themselves and their families. We called it in American interest.

Otherwise the trend was a declining America. After all we had conquered all of the "new" continent and we were coming out of the industrial revolution and needed somewhere else to conquest to if we were going to continue to provide a better life for ourselves and our families.

The trend after that will always be a declining America unless we can must up another tech boom or housing boom?.?.?

Eventually things get the most dire when there are 10 billion people on the planet and the resources are scarce and are expensive and your wages have dropped to $11,200, in today's dollars, and you receive no benefits.

At least the unemployment rates will have dropped.
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Old 07-08-2011, 12:54 PM
 
36,848 posts, read 16,083,784 times
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Quote:
Originally Posted by pghquest View Post
Um, Obama SIGNED the budgets, not Bush
I also believe the deficits were declining under Bush until the dems took over Congress.

And look at what I found on who voted FOR the budget,"The Senate by a 48-45 vote approved a compromise fiscal 2009 budget resolution Wednesday that would cap discretionary spending at $1.013 trillion, $21 billion more than President Bush requested.Senate approval of the budget included the vote of Sen. Barack Obama, D-Ill."

Senate passes fiscal 2009 budget resolution along party lines -- GovExec.com

So much for, "What you neglect is that Obama had no input in the 2009 budget.

Facts can be so embarrassing.
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Old 07-08-2011, 01:36 PM
 
Location: Long Island, NY
19,717 posts, read 11,557,895 times
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Quote:
Originally Posted by pghquest View Post
Um, Obama SIGNED the budgets, not Bush
From Wiki:
Quote:
The United States federal budget for fiscal year 2009 was a spending request by President George W. Bush to fund government operations for October 2008-September 2009
Quote:
Originally Posted by Quick Enough View Post
I also believe the deficits were declining under Bush until the dems took over Congress.
You may believe that, it just isn't true:

Year Yr Deficit
9/30/2010 1,651,794,027,380.00
9/30/2009 1,885,104,106,599.30
9/30/2008 1,017,071,524,649.92
9/30/2007 500,679,473,047.25
9/30/2006 574,264,237,491.73
9/30/2005 553,656,965,393.18
9/30/2004 595,821,633,586.70
9/30/2003 554,995,097,146.46
9/30/2002 420,772,553,397.10
9/30/2001 133,285,202,313.20

Computed from: Government - Historical Debt Outstanding - Annual 2000 - 2010
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Old 07-08-2011, 03:21 PM
 
Location: Hoboken
19,891 posts, read 16,313,393 times
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Quote:
Originally Posted by MTAtech View Post
What you neglect is that Obama had no input in the 2009 budget. Yet, you assign him blame for the $1.3 trillion deficit left him by Bush. That's remarkably unfair.

On Jan. 7, 2009, two weeks before Obama took office, the Congressional Budget Office reported that the deficit for fiscal year 2009 was projected to be $1.2 trillion. You can't possibly blame Obama for that -- he wasn't even President then.

It also isn't "more than the entire accumulated national debt for the first 225 years of U.S. history."
Eric cantor made the same false claim and you are parroting that false claim. PolitiFacts has it here:

Eric Cantor tells Jon Stewart that U.S. spent more in past two years than previous 200.
And of course you're wrong. I said nothing about spending but I was talking about the debt. Cantor misspoke, he really meat what I said. Obama's debt outpaced all previous Presidents. If you would like to try again, I'm here.
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Old 07-08-2011, 03:22 PM
 
Location: In a Galaxy far, far away called Germany
4,284 posts, read 3,732,047 times
Reputation: 2333
Outlaw corporations from sending our jobs overseas.
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Old 07-08-2011, 03:34 PM
 
2,515 posts, read 1,723,214 times
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Quote:
Originally Posted by Bulldawg82 View Post
Outlaw corporations from sending our jobs overseas.
Just set it up so that it doesn't pay to do so.
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