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| CBO: $10 trillion jump in debt under Obama budget; CNN is warning!! | |
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| Tweet Topic Started: Mar 5 2010, 07:48 PM (1,176 Views) | |
| kbp | Mar 7 2010, 11:33 AM Post #16 |
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"...debt train" Spend more and blame others seems to be the answer to those worries. If the economical cycles I've always followed hold true, the next 8-10 will be rough(or worse). I've always followed cycles in land values, which gives a pattern of the next 5 years flat before values will ever go up any, and the they do so slowly. |
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| Baldo | Mar 7 2010, 06:56 PM Post #17 |
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This funny! Anyone who has experience with the work ethic of some some southern EU countries will see what the Germans think about them. This applies to Greece. But we are on the same road to financial insolvency Honestly the advice could apply to some here. Get Up Earlier, Germans tell Greeks After yesterday's call by two German politicians that Greece sell off islands, historic buildings and artworks before receiving aid, the German tabloid Bild has written an open letter to the Greek prime minister George Papandreou: Dear Prime Minister, If you're reading this, you've entered a country different from yours. You're in Germany. Here, people work until they are 67 and there is no 14th-month salary for civil servants. Here, nobody needs to pay a €1,000 bribe to get a hospital bed in time. Our petrol stations have cash registers, taxi drivers give receipts and farmers don't swindle EU subsidies with millions of non-existent olive trees. Germany also has high debts but we can settle them. That's because we get up early and work all day. We want to be friends with the Greeks. That's why since joining the euro, Germany has given your country €50bn. http://www.guardian.co.uk/business/2010/mar/05/bild-open-letter-greece-papandreou Edited by Baldo, Mar 7 2010, 07:01 PM.
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| foxglove | Mar 8 2010, 09:15 AM Post #18 |
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Zuckerman made excellent points throughout such as explaining that the "Stimulus" was much about patronage and Democratic programs and about the role of Freddie and Fannie in the housing fiasco. |
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| kbp | Mar 8 2010, 10:29 AM Post #19 |
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Zuckerman exposed the "blame Bush" crowd as being incapable of taking reponsibility for their own actions, while passing along the message that searching for more revenue will not solve the problems which require reduced spending. He was a great source to pass those messages along to the Democrats. I suspect he gave that interview when he was considering a run for the Senate, possibly just some political moves for reasons I am not up on if he never really wanted to run for Senate. Whatever the reasons were, it was good to hear what he had to say, which certainly was not what you'd expect from him being a Democrat. |
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| Baldo | Mar 8 2010, 12:53 PM Post #20 |
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When you elect an ideologue you get his ideology. That has been apparent since Day 1 of his Presidency. The Stimulus was payback for his special interests and was also aimed at the Nov 2010 and 2012 elections. If you really wanted to stimulate jobs why wouldn't you spend it all now? They didn't but put off much of the appropriations until later. So much for shovel ready, it was a lie when it was said and it still is a lie.. It was designed to "rahm" it through as a blank check to spend when they wanted to spend in the run-ups to those elections. The ARRA(Stimulus) Bill was one of the most corrupt and graft ridden pieces of legislation ever passed. It was shoved through without hearings and the ability to read it by Congress. If the majority of money wasn't going to be spent in the first year why was it so important to "rahm" that spending through? It was a blank check. Everyone who voted for it should be removed. It was the looting of the Treasury, now and until 2012. When you add in the eventual interest it was over 1 Trillion dollars. Done without hearings!! Edited by Baldo, Mar 8 2010, 01:01 PM.
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| foxglove | Mar 9 2010, 10:35 AM Post #21 |
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IMO, John Maynard Keynes is one person who needs to be looked at as a reason for the decline of America. He was one of the key players, along with Harry Dexter White, in the Bretton Woods Conference. Looking at Keynes, (and I believe, President Nixon once famously said, "We are all Keynesians now."), illuminates, IMO, flawed economic thinking and indicates an elitist, non-populist bent that seems to be evident today. Murray Rothbard gives insight into the Keynes and his philosophy in "Keynes, the Man" http://www.lewrockwell.com/rothbard/rothbard208.html Keynes became a member of a secret society called the Apostles while a student at King's College. "The extraordinary arrogance of the Apostles is best summed up in the Society's Kantian half joke: that the Society alone is 'real,' whereas the rest of the world is only 'phenomenal.' Maynard himself would refer to the non-Apostles as 'phenomena.' What all this meant was that the world outside was regarded as less substantial, less worthy of attention than the Society's own collective life." This philosophy is different than, say, a Christian philosophy which would say that all humanity is made in the image and likeness of God and, therefore, worthy of dignity. The use of the term "Apostles" as the name of the secret society is obviously a play on words of the original Apostles. Continuing with Rothbard's piece: "Maynard wrote to his friend Giles Lytton Strachey, 'Is it monomania-- this colossal moral superiourity that we feel? I get the feeling that most of the rest (of the world outside the Apostles) never see anything at all-- too stupid or too wicked.' Two basic attitudes dominated this hermetic group under the aegis of Keynes and Strachey. The first was their overriding belief in the importance of personal love and friendship, while scorning any general rules or principles that might limit their own egos; and the second, their animosity toward and contempt for middle-class values and morality. The Apostlic confrontation with bourgeois values included praise for avant-garde aesthetics, holding homosexuality to be morally superior (with bisexuality a distant second), and hatred for such traditional/family values as thrift or any emphasis on the future or long run, as compared to the present. ('In the long run,' as Keynes would later intone in his famous phrase, 'we are all dead.'" Edited by foxglove, Mar 9 2010, 06:57 PM.
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7:41 PM Jul 10