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to borrow money is debt and while your not broke you are working to pay off that debit.
There comes a time when the IOU's and the payments you make to those IOU's come less and the debit is more and more to help pay off the debit.
If those countries say your dollars and IOU's are not worth anything and they move to another currency then we are broke.
The value of the dollar will drop to the point where 10 dollars will be the cost of milk.
We are on our way to this type of crash.
Spending in general and the lack of understanding the government created market bubbles will be the demise of the US economy.
All Planned and on purpose by the FED, the money holders and the Bankers.
Bankers never lose they are the FED the FED is the banker.
Government IOU's promise you the worker is a bargaining chip that keeps the dollar having its value. Before it was GOLD, then GOLD was remove from the dollar and now the american worker is the backing of the dollars worth. The only one who really benefits are the banks. The print money, do not have to secure assets which is your bank accounts, 401ks houses and property which is your working life of which they take and or crash the system to get it all back when they want it.
They give you money, to go into debit, you buy a house, you buy a car, you put money in your bank account its all about them printing so much of it that you have to work harder or go further in debt to keep up with the value of the dollars decline.
Actually it is very far from the truth. Some cities goes bankrupt, yes. But the nation? No.
Yes, the US can go bankrupt.
Would you like a list of the 95 sovereign States that issue their own sovereign currency and have gone bankrupt, or do you just want to know how many times those States have gone bankrupt in the last 40 years?
Quote:
Originally Posted by Fancy-Schmancy
We aren't going bankrupt.
You're insolvent....that's bankrupt.
Quote:
Originally Posted by Fancy-Schmancy
SS and Medicare are fully funded for at least the next 30 +/- years...and with a few minor tweaks they would be funded for much, much longer.
That's incorrect, but thanks for the disinformation just the same.
Quote:
Originally Posted by Fancy-Schmancy
...we are becoming one of the world's great oil nations again,...
Why?
They "why?" part is very important, and since you don't understand it, I'll explain it.
There's 5x-7x more oil in Central Asia than all of the Middle East and North Africa.
There's a 5 Million barrel per day pipeline heading toward the Black Sea right now. There's a total of 12 Million barrels per day in pipelines under construction.
Once that oil hits the Market, and once other States increase their production -- on-going -- the price of oil per barrel will drop, and then fracking will not be profitable....so it will stop and all of those people will be without jobs.
Improperly focusing attention on certain things and ignoring others.
There's no spin here....only your ignorance.
The Heritage Foundation was established in 1974 by Social Democrats. Prior to that, the Social Democrats were the Young People's Socialist League/Social Democrats. Before that, they were the Young People's Socialist League. They got their start from Trotsky. I guess to be fair, I should mention that Trotsky was living in exile in Mexico City, since you have trouble with history.
"As the traditional class structure dissolves, more and more individuals want to be identified, not by their occupational base (in the Marxist sense), but by their cultural tastes and life-styles."
But, although there was a widespread disillusionment with the chiliastic promises of political radicalism, there was almost no positive viewpoint to take its place. The welfare state and the mixed economy were not the sort of goals that could capture the passions of the intelligentsia.
From The Cultural Contradictions of Capitalism by Daniel Bell -- the Neoconservative economic guru.
Max Weber is a Republican hero? Weber? Who was a founding member of the German Democrat Party? A left wing party?
Who's fantasizing now?
And you think Republicans get all weak in the knees over Harold Rosenberg?
Who's fantasizing now?
And sure, Republicans sit around waxing poetic about dissolving class structures. When did Republicans ever give a damn about the Welfare State?
If it were up to me, no one would be allowed to use the phrase "Neo-Con" until they had first read:
1] Two Cheers for Capitalism, by Irving Kristol, the "godfather" of Neo-Conservatism, where he rants about bourgeois Capitalism and how it is a failure, and then
2] The Cultural Contradictions of Capitalism by Daniel Bell
I guess it would never occur to you in a Million years that these "think-tanks" might put someone on their payroll so they can claim to be "non-partisan" (snicker).
And Newt? Newt would endorse Tampax and Kotex for money.
Also we are going broke by paying . In total, $110 billion to corporate welfare projects from state and local authorities. Even after a $2.127 trillion profit margin after taxes last year.
They are Left-Wing, but keep pretending Trotsky was a Republican because everyone laughs really hard.
Sizzling...
Mircea
Sizzling must mean you've spent too much time in the sun if you think the heritage foundation is left wing.
So keep pretending the heritage foundation is left wing because everyone laughs hard.
This continues to show just how out of touch you are in some weird ways. Other places you really know your stuff, but then weird things like this pop up where you're disconnected from reality, and I don't get that. Are you maybe thinking of some other group with a similar name?
4. $12 Billion dollars a year is spent on primary and secondary school education for children here illegally and they cannot speak a word of English.
Verify at: http://transcripts.cnn.com/TRANscrip.../ldt....0.HTML
7. The Dark Side of Illegal Immigration: Nearly One million sex crimes committed by Illegal Aliens In The United States.
Verify at: http: // Drdsk.com
Are we THAT Stupid?
Reagan gave 3 million illegals amnesty in the 1986. He started the disaster that is today. Republicrats have done nothing about this devastating situation. Had Reagan deported the 3 million illegals in 1986 and been tough on immigration, our population would be about 260-280 million now. Our culture would not be changing and our finances would be in much better shape. Republicans are just as much to blame as the democrats.
Pretty much. With horrible, looming issues like unrestricted illegal immigration and massive, rapidly growing entitlement programs, we went to the voting booths with abortion, birth control and who's more likely to legalize pot as the defining issues of the 2012 election. Romney cleaned Obama's clock on all of the important issues, like the economy and foreign policy, but still lost largely because young people vote based on their emotions on issues like legalizing pot and gay marriage rather than looming problems vital to the entire nation's survival.
Maybe if Romney didn't laugh about a cannabis legalization question and was pro legalization he would have won.
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Quote:
Originally Posted by westcoastforme
Reagan gave 3 million illegals amnesty in the 1986. He started the disaster that is today. Republicrats have done nothing about this devastating situation. Had Reagan deported the 3 million illegals in 1986 and been tough on immigration, our population would be about 260-280 million now. Our culture would not be changing and our finances would be in much better shape. Republicans are just as much to blame as the democrats.
The Heritage Foundation was established in 1974 by Social Democrats. Prior to that, the Social Democrats were the Young People's Socialist League/Social Democrats. Before that, they were the Young People's Socialist League. They got their start from Trotsky. I guess to be fair, I should mention that Trotsky was living in exile in Mexico City, since you have trouble with history.
"As the traditional class structure dissolves, more and more individuals want to be identified, not by their occupational base (in the Marxist sense), but by their cultural tastes and life-styles."
But, although there was a widespread disillusionment with the chiliastic promises of political radicalism, there was almost no positive viewpoint to take its place. The welfare state and the mixed economy were not the sort of goals that could capture the passions of the intelligentsia.
From The Cultural Contradictions of Capitalism by Daniel Bell -- the Neoconservative economic guru.
Max Weber is a Republican hero? Weber? Who was a founding member of the German Democrat Party? A left wing party?
Who's fantasizing now?
And you think Republicans get all weak in the knees over Harold Rosenberg?
Who's fantasizing now?
And sure, Republicans sit around waxing poetic about dissolving class structures. When did Republicans ever give a damn about the Welfare State?
If it were up to me, no one would be allowed to use the phrase "Neo-Con" until they had first read:
1] Two Cheers for Capitalism, by Irving Kristol, the "godfather" of Neo-Conservatism, where he rants about bourgeois Capitalism and how it is a failure, and then
2] The Cultural Contradictions of Capitalism by Daniel Bell
I guess it would never occur to you in a Million years that these "think-tanks" might put someone on their payroll so they can claim to be "non-partisan" (snicker).
And Newt? Newt would endorse Tampax and Kotex for money.
You would do better to blame it on Bush...
Mircea
What the heck? Really? This is like...all sorts of crazy. I was almost ready to say that the only thing right here was the date at which the heritage foundation was established, but I checked that, and even THAT was wrong.
So tell me, is it your claim that all 3 of the founders of the heritage foundation were....democrats?
You are completely unhinged from reality. Max Weber incidentally was NOT a founding member of the heritage foundation, nor do I see much in the way of him being involved AT ALL. But if someone read your nonsense they would think that the german democratic party used him to found the heritage foundation! But theres no relationship that I see!
So it's all about dollars and cents to you? You would fund illegal foreigners but not our own citizens? Unbelievable!
Usually when one discusses the topic "bankruptcy" one usually measures such likelihood in "dollars and cents". The biggest threat to the U.S. economy is Social Security and Medicare (and now the Affordable Care Act aka "ObamaCare"). (Excuse me Al Gore but....) This is an inconvenient truth.
Baby Boomers (I am one) will take much, muchmore from both systems than we ever paid in. SS and Medicare are ponzi schemes which the federal government (thank you F.D.R.) forced us into. I repeat my earlier claim "the problem of funding illegals is minuscule" compared to these financial disasters.
Concerning my choice of funding "illegal foreigners" but not our own citizens, I would fund neither if the choice were that simple.
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