We certainly are on a road to financial ruin. A middling Euro Socialist state is inevitable I'm afraid. And we have a President who is a complete brazen anti-capitalist statist. And the media is simply part of the government media complex. They are no more.
According to all the polls, most Americans believe that government spending and the huge debt that's piling up is a major problem. But President Obama apparently does not believe that. Last night in his State of the Union Address, Mr. Obama would not cop to being the biggest spending President in history. No, he now sees himself as an investor.
Here's the proof, 2002, the year after 9/11 when the federal government was forced to dramatically increase spending to protect us, the yearly outlay was just over $2 trillion. Last year in 2012, the yearly outlay $3.5 trillion up 76 percent.
Now every honest American knows the feds are spending far too much. And the country may well go into bankruptcy if the restraints are not imposed. But left-wing ideologues will not admit that.
NANCY PELOSI: It is almost a false argument to say we have a spending problem. We have a budget deficit problem that we have to address.
SEN. TOM HARKIN (D), IOWA: So you have to ask the question if we are so rich why are we so broke? The reason is we have a misallocation of money, of capital. Too much has gone into fewer and fewer hands and to large corporations.
(END VIDEO CLIP)
O'REILLY: Sure, it's not the Obama Administration spending too much. It's those nasty corporations that are causing the debt. Again, do the Democrats think we're stupid? Apparently they do. And they may be right. President Obama is an honest man in the sense that he has never denied -- never denied that he wants to create a huge government colossus and spend trillions of dollars on entitlements. Yet American voters re-elected him despite all the warnings about fiscal irresponsibility.
So now the country is invested in Mr. Obama for another term. Let the tax money flow.
__________________ All your trophy are belong to us
The only elected official in Washington I'm aware of who has said we're on the road to ruin is Ron Paul, and see where it got him. The politicians in Washington simply don't want to hear it and certainly don't want to say it. And I guess the people don't want to hear it either, since the politicians are apparently afraid that to say it would get them sent home by the voters. What else are they afraid of?
Yes, we're on the road to ruin.
__________________ It takes a lot of time to be a genius, you have to sit around so much doing nothing. – Gertrude Stein
Careful - cliff ahead! $16 trillion in debt, and rising like the tide.
It is perfectly obvious to anyone who looks at reality that no nation can repay a debt of that magnitude. Indeed, it appears that we cannot even pay the interest that accrues in a single day.
Anyone who thinks that money borrowed does not have to be repaid is living in Never Never Land. Who is of the opinion that China is sending us multi-million dollar gifts with no expectation that we will return the money?
Ominous signs can be overlooked, but reality is not like hiding the pea under a cup.
Who is of the opinion that China is sending us multi-million dollar gifts with no expectation that we will return the money?
I am of that opinion. You just said yourself that anyone who looks at reality knows that no nation can repay a debt like ours. So why does China, or anyone, still lend us money? I'll be damned if I know. But it can't be because they expect to get it back. There's something else going on, but I'm not smart or educated enough to know what it is.
__________________ It takes a lot of time to be a genius, you have to sit around so much doing nothing. – Gertrude Stein
Agee years ago I posted on the board that the USA would pull off the world's stage in a similar fashion that Rome did.
Due to large financial and social decay issues the Roman Legions pulled out of Mesopotamia and England.
We are starting to see the same thing. Recently our carrier task forces were reduced by one carrier and possibly one more. The Lincoln will be out of action four at least four years. Part of that is because of a lengthy overhaul/refueling task. Both of those tasks are now on hold because of a budget crunch.
I believe this cut back will put the USA's presence in the Indian Ocean yo just one carrier looks like Obama lost a big stick in dealing with Iran' nuke weapon program.
Maybe the time had come for the rest of the free world to step up and fill in the gaps. In my opinion our allies have gone soft, lazy, and spoiled at the expense of USA blood, sweat, tears, and money.
Agee years ago I posted on the board that the USA would pull off the world's stage in a similar fashion that Rome did.
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Maybe the time had come for the rest of the free world to step up and fill in the gaps. In my opinion our allies have gone soft, lazy, and spoiled at the expense of USA blood, sweat, tears, and money.
I wouldn't go that far; we are the world's police because we get favorable status for oversees business development (theoretically) so it is an investment in the future of our economy. But now most of our money is spent on maintaining the status quo and can not be inferred as investing in our future.
But it will be interesting to see what or who will fill in the vacuum of our leaving the Middle East. Europeans seem to still have World War fatigue. Of course Neville Chamberlain had WW1 fatigue and where did that get them?
I am of that opinion. You just said yourself that anyone who looks at reality knows that no nation can repay a debt like ours. So why does China, or anyone, still lend us money? I'll be damned if I know. But it can't be because they expect to get it back. There's something else going on, but I'm not smart or educated enough to know what it is.
Who says China is any less short sighted than we are?
I am of that opinion. You just said yourself that anyone who looks at reality knows that no nation can repay a debt like ours. So why does China, or anyone, still lend us money? I'll be damned if I know. But it can't be because they expect to get it back. There's something else going on, but I'm not smart or educated enough to know what it is.
This is actually a smart question. The answer is: because - on paper at least - it's still a better bet than putting the money anywhere else.
There just aren't that many investment vehicles for that amount of money.
__________________
The nicest guy on GC! 24 in a row here we come!
I wouldn't go that far; we are the world's police because we get favorable status for oversees business development (theoretically) so it is an investment in the future of our economy. But now most of our money is spent on maintaining the status quo and can not be inferred as investing in our future.
But it will be interesting to see what or who will fill in the vacuum of our leaving the Middle East. Europeans seem to still have World War fatigue. Of course Neville Chamberlain had WW1 fatigue and where did that get them?
Are we on the proverbial road to ruin?
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