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Old 02-05-2007, 02:19 AM
 
Location: Los Angeles
652 posts, read 2,799,674 times
Reputation: 472

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Just wondering how many people are aware that the U.S. borrows from foreign investors $1-3 billion a day? That's billion, not million.

We cannot keep this up indefinitely, obviously, without an eventual economic collapse or at least a severe adjustment to our financial priciples. Most of our leaders know this, but this subject is not discussed by them, nor is it ever mentioned by Bill "The Shill" O'Reilly or anybody else who claims to be Looking Out For You. (TM)

What's going on here? All great empires eventually commit suicide, but this is just ridiculous beyond anything that's ever happened, isn't it?
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Old 02-05-2007, 03:24 AM
 
504 posts, read 1,761,443 times
Reputation: 349
I actually heard one of the substitutes on Rush Limbaugh say that there is nothing to worry about we can just print more money, and he was serious!
The war of course is the biggest money pit, but medicaid and medicare are problems, my mother is always astounded at what medicare pays for things that we can get much cheaper. She has a breathing machine that medicare pays a rental on, that has paid for its self 10 plus times over. I could go on and on about medicare and medicaid.
I hear older people say well its free or cheap for me.
Then the war, what are we thinking? It's not just the money its the cost of losing so many of our young people and the cost of medical for them forever.
Instead of everyone learning Spanish, we should be learning Chinese, thats who owns us.
I am going to be one of the generation that will get far more out of social security than what I put in.
We need someone we can look up to and trust to take charge of this financial disaster thats about to effect all our children and granchildren.
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Old 02-05-2007, 10:27 AM
 
Location: Happy wherever I am - Florida now
3,360 posts, read 12,235,077 times
Reputation: 3907
They don't talk about it because 99% of people don't understand economics, including probably themselves (our trade negotiators, policy advisors, broadcasters, politicians, included) and it's ramifications.

There's always the law of unintended consequences when things are done but anybody who couldn't see what would happen with our trade deals (Nafta, China) must have been stupid, and there were plenty of well knowns who were.
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Old 02-05-2007, 05:48 PM
 
Location: Los Angeles
652 posts, read 2,799,674 times
Reputation: 472
Quote:
Originally Posted by alexander59 View Post
I actually heard one of the substitutes on Rush Limbaugh say that there is nothing to worry about we can just print more money, and he was serious!
The war of course is the biggest money pit, but medicaid and medicare are problems, my mother is always astounded at what medicare pays for things that we can get much cheaper. She has a breathing machine that medicare pays a rental on, that has paid for its self 10 plus times over. I could go on and on about medicare and medicaid.
I hear older people say well its free or cheap for me.
Then the war, what are we thinking? It's not just the money its the cost of losing so many of our young people and the cost of medical for them forever.
Instead of everyone learning Spanish, we should be learning Chinese, thats who owns us.
I am going to be one of the generation that will get far more out of social security than what I put in.
We need someone we can look up to and trust to take charge of this financial disaster thats about to effect all our children and granchildren.
Actually, believe it or not, the war isn't even part of the spending budget! The $1-3 billion a day we borrow doesn't even service any part of the war debt at this time!!!
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Old 02-05-2007, 10:40 PM
 
9,725 posts, read 15,124,120 times
Reputation: 3346
I heard the war was costing us $4 billion a month (I think that was the number). With the rate we are losing helicopters, it might have been $4 billion a day!
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Old 02-06-2007, 04:32 AM
 
Location: Old Town Alexandria
14,496 posts, read 26,530,053 times
Reputation: 8966
Lightbulb Yep-

Quote:
Originally Posted by James T View Post
Just wondering how many people are aware that the U.S. borrows from foreign investors $1-3 billion a day? That's billion, not million.

We cannot keep this up indefinitely, obviously, without an eventual economic collapse or at least a severe adjustment to our financial priciples. Most of our leaders know this, but this subject is not discussed by them, nor is it ever mentioned by Bill "The Shill" O'Reilly or anybody else who claims to be Looking Out For You. (TM)

What's going on here? All great empires eventually commit suicide, but this is just ridiculous beyond anything that's ever happened, isn't it?
And we owe China billions. Visit an Asian country- their economy is rocking right now.

sunny
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Old 01-30-2013, 07:54 PM
 
3,352 posts, read 6,413,763 times
Reputation: 1128
Quote:
Originally Posted by James T View Post
Just wondering how many people are aware that the U.S. borrows from foreign investors $1-3 billion a day? That's billion, not million.

We cannot keep this up indefinitely, obviously, without an eventual economic collapse or at least a severe adjustment to our financial priciples. Most of our leaders know this, but this subject is not discussed by them, nor is it ever mentioned by Bill "The Shill" O'Reilly or anybody else who claims to be Looking Out For You. (TM)

What's going on here? All great empires eventually commit suicide, but this is just ridiculous beyond anything that's ever happened, isn't it?
I think this is a interesting thread that needs to be resurrected; borrowing $1-3 billion daily is a dream in the US. I guess the talks of a debt crisis, or over-spending has Ben going on for a while now, even during the Bush era although it seems much more pronounced these days.
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