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Post by Banned »

I just heard a report that for every $1 the federal government spends, $.37 of it is borrowed. At the rate we are borrowing, in another decade, we will be spending $1 TRILLION annually just on the interest of our debt.

When exactly did our government decide to destroy our country financially?

Here is a link:
http://s-data.current.com/news/92712901 ... l-year.htm
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Post by f.sciarrillo »

[edit]
Last edited by f.sciarrillo on Tuesday Nov 30, 2010, edited 1 time in total.
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:lol: :lol: :lol:
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I think

Post by tornandfrayed »

I think it was around February 14th or so, 2003.

Please correct me if you disagree!

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Post by PStl »

undercoverjoe wrote:When exactly did our government decide to destroy our country financially?
When George Soros gave Obama a Blackberry (allegedly).
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Post by f.sciarrillo »

[edit]
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Post by KeithReynolds »

Did you guys forget about this already??
Lots of unrelated threads on RP have political ramblings again.
SERIOUSLY......
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Post by bassist_25 »

Good point Keith.
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Post by Banned »

PStl wrote:
undercoverjoe wrote:When exactly did our government decide to destroy our country financially?
When George Soros gave Obama a Blackberry (allegedly).
To better control his Manchurian Candidate.
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Post by Banned »

the govt is not a biz... can't/shouldn't be run like a private for profit biz. we must "borrow" money..every country does it. we must prit money and actually healthy to l"ive slightly beyond our means" so to speak.

i want the govt to provide a relatively 'easy' climate for me to make rich. i want an even playing field with "you" (everyone)..but i want subsidy (within reason) should i stumble. i want nice smooth roads. i want 80mph speed limits. i want vegetable farmers subsidized and fast food conglomerate parasites taxed! (excessively?) they are ruining us with our addictions.

most of all i want FREE or very INEXPENSIVE healthcare..like the rest of the world offers their citizens. i'm embarrassed by our self-serving inhumane healthcare system , as you should be too :oops:
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Post by sstuckey »

faster pussycat wrote:the govt is not a biz... can't/shouldn't be run like a private for profit biz. we must "borrow" money..every country does it. we must prit money and actually healthy to l"ive slightly beyond our means" so to speak.

i want the govt to provide a relatively 'easy' climate for me to make rich. i want an even playing field with "you" (everyone)..but i want subsidy (within reason) should i stumble. i want nice smooth roads. i want 80mph speed limits. i want vegetable farmers subsidized and fast food conglomerate parasites taxed! (excessively?) they are ruining us with our addictions.

most of all i want FREE or very INEXPENSIVE healthcare..like the rest of the world offers their citizens. i'm embarrassed by our self-serving inhumane healthcare system , as you should be too :oops:
I honestly don't understand half of what you just wrote.
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Post by bassist_25 »

sstuckey wrote:
faster pussycat wrote:the govt is not a biz... can't/shouldn't be run like a private for profit biz. we must "borrow" money..every country does it. we must prit money and actually healthy to l"ive slightly beyond our means" so to speak.

i want the govt to provide a relatively 'easy' climate for me to make rich. i want an even playing field with "you" (everyone)..but i want subsidy (within reason) should i stumble. i want nice smooth roads. i want 80mph speed limits. i want vegetable farmers subsidized and fast food conglomerate parasites taxed! (excessively?) they are ruining us with our addictions.

most of all i want FREE or very INEXPENSIVE healthcare..like the rest of the world offers their citizens. i'm embarrassed by our self-serving inhumane healthcare system , as you should be too :oops:
I honestly don't understand half of what you just wrote.
I think it was the lyrics to that Pussycat Dolls song.
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Post by sstuckey »

bassist_25 wrote:
sstuckey wrote:
faster pussycat wrote:the govt is not a biz... can't/shouldn't be run like a private for profit biz. we must "borrow" money..every country does it. we must prit money and actually healthy to l"ive slightly beyond our means" so to speak.

i want the govt to provide a relatively 'easy' climate for me to make rich. i want an even playing field with "you" (everyone)..but i want subsidy (within reason) should i stumble. i want nice smooth roads. i want 80mph speed limits. i want vegetable farmers subsidized and fast food conglomerate parasites taxed! (excessively?) they are ruining us with our addictions.

most of all i want FREE or very INEXPENSIVE healthcare..like the rest of the world offers their citizens. i'm embarrassed by our self-serving inhumane healthcare system , as you should be too :oops:
I honestly don't understand half of what you just wrote.
I think it was the lyrics to that Pussycat Dolls song.
I think I need the decoder ring for this fella's posts. This is the second one that left me scratching my head, wondering what the heck he's trying to convey. The first one being the 'best thumpin best ass guitar' thread. Wasn't entirely sure if he wanted to know who the best guitarist was, what the best guitar was, or which guitarist had the best thumpin' ass?!! So I left that one alone. :?
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Post by f.sciarrillo »

faster pussycat wrote:the govt is not a biz... can't/shouldn't be run like a private for profit biz. we must "borrow" money..every country does it. we must prit money and actually healthy to l"ive slightly beyond our means" so to speak.

i want the govt to provide a relatively 'easy' climate for me to make rich. i want an even playing field with "you" (everyone)..but i want subsidy (within reason) should i stumble. i want nice smooth roads. i want 80mph speed limits. i want vegetable farmers subsidized and fast food conglomerate parasites taxed! (excessively?) they are ruining us with our addictions.

most of all i want FREE or very INEXPENSIVE healthcare..like the rest of the world offers their citizens. i'm embarrassed by our self-serving inhumane healthcare system , as you should be too :oops:
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Post by Banned »

The rich keep getting richer, a cry heard loud and clear on this website.

http://thehill.com/blogs/on-the-money/8 ... 2-percent-

House Minority Leader Nancy Pelosi (D-Calif.) saw her net worth rise 62 percent last year, cementing her status as one of the wealthiest members of Congress.
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Post by Hawk »

undercoverjoe wrote:The rich keep getting richer, a cry heard loud and clear on this website.

http://thehill.com/blogs/on-the-money/8 ... 2-percent-

House Minority Leader Nancy Pelosi (D-Calif.) saw her net worth rise 62 percent last year, cementing her status as one of the wealthiest members of Congress.
Very cool ! No one I know has a problem with the rich getting richer. Now bring back President Ronald Reagan taxes and all will be well !

Good post Joe. :D
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Post by Banned »

A liberal and a libertarian agree that O is violating the Constitution.

http://www.youtube.com/watch?v=adfCJR5j ... ded#at=286
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Post by Hawk »

undercoverjoe wrote:Feelin miserable?

http://www.cnbc.com/id/43441924
Excellent conclusion in your article Joe, thanks.
... one should not “fall prey to the panic fanned by the usual fear-mongering doomsayers,” ...
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Post by Banned »

Hawk wrote:
undercoverjoe wrote:Feelin miserable?

http://www.cnbc.com/id/43441924
Excellent conclusion in your article Joe, thanks.
... one should not “fall prey to the panic fanned by the usual fear-mongering doomsayers,” ...
That is not the conclusion Bill, it is just a statement from Elliott F. Gue’s Personal Finance Newsletter. Whoever the hell Elliot F. Gue is.

Nice that Nancy Pelosi does not have to worry about misery. She had an increase of 62% in her income last year.

One should not jump to defend this Obamination when his administration, with the help of Nancy Pelosi, ruins the American economy.
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Post by lonewolf »

Hawk wrote:
undercoverjoe wrote:Feelin miserable?

http://www.cnbc.com/id/43441924
Excellent conclusion in your article Joe, thanks.
... one should not “fall prey to the panic fanned by the usual fear-mongering doomsayers,” ...
you forgot this part Bill:

...."a group that presumably includes those unemployed or bewildered by inflation and, thus, in misery."

I'm not miserable. My pre-crash divestiture is going quite nicely and on schedule. I'll be ready when there's blood in the streets.
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Post by lonewolf »

undercoverjoe wrote:A liberal and a libertarian agree that O is violating the Constitution.

http://www.youtube.com/watch?v=adfCJR5j ... ded#at=286
This almost sounds like an opening line for a joke....a liberal and a libertarian go into a bar.....

I still like this one: What is the difference between George W. Bush and Barack Obama?

One is a clueless politician and the other is a clueless politician with a teleprompter.
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Post by lonewolf »

Target is now a Target:

http://finance.yahoo.com/news/NY-Target ... 8.html?x=0

if the unions get their way, say buh-bye to better quality lower-priced stuff.

It doesn't matter anyhoo. This week, under cover of QE2, the Federal Reserve will lie thru their teeth about inflation and justify another several months of 0% overnight interest rates to prolong government borrowing; however, QE2 will run out a week later and that will put upward pressure on interest rates.

The US government can only get away with printing more dollars while the dollar is the world's reserve currency. When interest rates rise back to historically normal levels, it will make the debt service the largest item on the budget. If we have runaway inflation like the 70s/80s, government revenues won't even cover interest on the debt. In the latter case, the dollar would IMMEDIATELY be removed as the world's reserve currency and you will be able to stick a fork in the American Empire. Almost overnight, the American standard of living would drop at least 25%.

Under these conditions, the only program that the government will afford is the one that keeps them in power--the military. Austerity measures will essentially eliminate all social programs...except that each precinct will get a visit from a military truck filled with government food rations.

Could it happen? Look up the phrase: normalcy bias
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Post by f.sciarrillo »

In a nut shell, Jeff. We are screwed.
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Post by autumnsky »

With sand in our vaseline!!!
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