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The only reason the United States isn't in bigger trouble right now is that other countries keep buying our debt. How long before we are where Greece is? Do you think we will avoid it? 10 years? Longer? Socialism doesn't work. Eventually you do run out of other people's money. Greece is the textbook. Germany didn't blink like Greece thought they would. Can just kicked down the road and Greece I think hS hit a point of no return . Hopefully Portugal, Spain etc. will learn from Germany's actions. How about the United States? How far are we away from where Greece is now?
All of Europe is pretty much socialist. Greece itself, it Socialist-Lite. Real Socialism can be found in Sweden, Norway, Holland and Denmark; some of the most financially sound countries of the world!
The reason why Greece is where it is at, which is no where near the US, is due to bad policies that have little or nothing to do with social programs. The US has funded non-stop military spending. It cost more than your mind could comprehend to pay for a war.
Greece hasn't had any wars for a good while, which is a very good thing. The Greek Military Complex, could be taken out by an angry crowd of old ladies, or so they say. Most people in Greece do not pay taxes. They just don't do it! I am talking income tax, sales tax, property taxes, HUGE sources of revenue. Not collected. Nada.
To answer your question, Greece might as well be on another planet. That is how far we are from anything resembling the current economic state of Greece.
[quote=blisterpeanuts;40448401]The U.S. model of imperial overreach and overly funded domestic programs is unsustainable. Eventually it collapses under its own weight.
Same thing happened to Rome, Ottoman Empire, British Empire, many Chinese dynasties. It's cyclical. We've been on top for 100 years or so, and now it's someone else's turn.
Okay.
Quote:
Originally Posted by rruff
Not remotely the real story.
It's exactly the story.
All Capital is subject to the Laws of Physics, in addition to the Laws of Economics.
Oil Capital can either remain in Mexico, where it is used for telephone company start-ups and building the telephone infrastructure and electrifying the country, or it can be exported to the US where it is used for telephone company start-ups and building the telephone infrastructure and electrifying the country.
But it cannot be in both places at the same time.
I can dumb this down to basic 7th Grade Math:
A - B = C + B
Where:
A = Mexico,
B = Mexico's Oil Capital
C = United States
The US stole all of Mexico's Oil Capital until Huerta tried to put an end to it. If you recall your history, the US invaded Mexico, murdered Mexican civilians and then ousted the Huerta Government, so that the US could keep stealing Mexico's Oil Capital.
The US stole Mexico's Oil Capital until 1939, when President Cardenas nationalized all US oil company assets after the Mexican Supreme Court issued its ruling.
And just like in 7th Grade Math, we can do substitutions:
A - B = C + B
Where:
A = the Philippines,
B = Philippines Rubber Capital
C = United States
Or
A - B = C + B
Where:
A = Cuba,
B = Cuba's Agricultural Capital
C = United States
Or
A - B = C + B
Where:
A = Iran,
B = Iran's Oil Capital
C = United States
How do you think the US built its telephone and electrical infrastructure? You think the Infrastructure Fairy came down from the sky riding her Unicorn and waved her magic wand?
It took tons of copper (and magnesium and iron and chromium), which you stole mostly from Argentina, Chile, Venezuela and Peru, plus tons of rubber which you stole from the Philippines, plus tons of oil, which you stole from Mexico.
The US supplied the coal....mighty White of the US.
Blistering...
Lastly, it matters what we are spending our money on. Wielding a military that can mobilize several hundreds of thousands of soldiers and support to send overseas is not really necessary when we are the only strong military in the Western hemisphere, surrounded by two oceans/vast geographical distances from the our enemies.
Your military defends your Petro-Dollar.
Every single US Dollar-denominated transaction that takes place globally is just as though it took place in the US between and amongst Americans.
Your total GDP is actually two components, your Domestic GDP, plus your foreign USD-denominated transactions GDP.
That's one reason (but not the only) your Standard of Living is higher than other foreign States.
So, for every cubic meter of natural gas sold by Ukraine in US Dollars instead of Euros or Rubles, you benefit.
Quote:
Originally Posted by dv1033
Spending trillions in the next few decades on highways, electric grids, mass transit, waste water plants, freight, etc. is a smart way to spend lots of public money. We're kinda due for an infrastructure overhaul.
You ain't got the money.
Last count your electrical grid would cost $3.5 TRILLION and interstate and US route infrastructure was approaching $2.5 TRILLION.
Over the same time period, you have to come up with $2.7 TRILLION for Social Security plus $1 TRILLION for State-funded pensions and close to $1 TRILLION for private pensions.
It's just not going to happen without a tremendous amount of pain.
Say it again.. the OP cannot hear you he wont stop talking loing enough.. when he does stop he turns on Faux news so loud the neighbors complain hahahaha
Quote:
Originally Posted by rruff
You've been mislead. Do you want to understand any of this, or do you just want to keep saying US = Greece over and over?
Say it again.. the OP cannot hear you he wont stop talking loing enough.. when he does stop he turns on Faux news so loud the neighbors complain hahahaha
I just read a lot of your posts. Looks like you are basically living off those that work! Union health care etc. Heck, why not? Everyone else is, too!! Socialism works great until you run out of other people's money!!
Our 19 trillion dollar debt has a teaser rate of 0% Barbie.
So totally clueless. The debt is $18.2 trillion ($5.1 trillion of which is owed to US government agencies), and the average interest rate as of this past June 30 was 2.34%, down from 2.40% a year earlier. This level of debt is insignificant. It is easily manageable. It is not a threat to anything.
I just read a lot of your posts. Looks like you are basically living off those that work! Union health care etc. Heck, why not? Everyone else is, too!! Socialism works great until you run out of other people's money!!
Margaret Thatcher was a dummy and now she's dead. Socialism has easily outlived her. Socialism is still for everyone. It's the only thing that has ever worked. That's why everyone uses it. Of course, some people are so limited as to believe that there is only capitalism and socialism in the world, and that they have to pick between the two. Someone should start a charity to help these poor people.
The only reason the United States isn't in bigger trouble right now is that other countries keep buying our debt. How long before we are where Greece is? Do you think we will avoid it? 10 years? Longer? Socialism doesn't work. Eventually you do run out of other people's money. Greece is the textbook. Germany didn't blink like Greece thought they would. Can just kicked down the road and Greece I think hS hit a point of no return . Hopefully Portugal, Spain etc. will learn from Germany's actions. How about the United States? How far are we away from where Greece is now?
If we can survive Obama and a fiscally responsible President is elected in 2016 we might make it back to fiscal soundness within ten years. Other wise, at the rate we are going downhill now, maybe three until total financial collapse or an all out War, probably Civil War.
All of Europe is pretty much socialist. Greece itself, it Socialist-Lite. Real Socialism can be found in Sweden, Norway, Holland and Denmark; some of the most financially sound countries of the world!
The reason why Greece is where it is at, which is no where near the US, is due to bad policies that have little or nothing to do with social programs. The US has funded non-stop military spending. It cost more than your mind could comprehend to pay for a war.
Greece hasn't had any wars for a good while, which is a very good thing. The Greek Military Complex, could be taken out by an angry crowd of old ladies, or so they say. Most people in Greece do not pay taxes. They just don't do it! I am talking income tax, sales tax, property taxes, HUGE sources of revenue. Not collected. Nada.
To answer your question, Greece might as well be on another planet. That is how far we are from anything resembling the current economic state of Greece.
I think it's nonsense to call Europe socialist and America non socialist. There are plenty of examples where sections of the American economy are more regulated than in Europe. The same if you look at the ratio public spending / GDP. It's not that different in the U.S.
Greece has the biggest tank army in Europe. Greece has very high military spendings in relation to the GDP.
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LOL...You are a socialist...
