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riar

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Re: U.S. Heading for financial trouble? (Fiscal wake up tour)
« Reply #30 on: September 10, 2007, 06:30:35 PM »

The GAO is correct. The unfunded mandates from the "New Deal" ARE bankrupting this nation.

Just who was it that told us a piece of paper was so valuable?
I'll try this again, just for the heck of it.

The money in your pocket is a fiat currency backed by NOTHING. It is borrowed dough. Borrowed on the credit of the nation, you and me. You may have mortgaged you house or have a car loan. The Federal Government mortgaged our whole nation in 1913 when the Federal Reserve Act was signed into law by Pres. Wilson.
Not to be out done, Pres. Roosevelt immediately upon being elected turned the citizens of this nation into criminals by signing four executive orders and through legalized extortion confiscated the nations privately held gold.

Everyone focuses on the war in Iraq because that's what the media rams down our collective throats every day. All the while they go happily along taking away our soverignty while we are looking the other way.

Check out the NAU and the SPP. Makes the war in Iraq look like a diversion? At whose expense?


 I'm not focusing on Iraq as far as a war draining us. It is how that war is being used as a diversion. You didn't read the article that tracks where our U.S. Treasury money is going over there. It's going to civilian companies. I think the terrorist networks know the greed of this administration. If they keep the war going every last dollar will be siphoned out and into the hands of private enterprise. As you are saying, the war is a big, big diversion for the real corruption taking place.

As far as the gold standard, going back to the time our dollar was backed by gold is an outmoded thought that has no validity any longer. The gold standard was too inflexible, and too simple for modern international economies. It couldn't do the job for which it was suited in the past. The problem with the stability of the dollar is printing too much of it. There is $760 billion in circulation with only $162.7 billion in gold. So don't even go there. We're way beyond that reasoning anymore. Now it's plastic. Our paper money vs. gold to back it is no different than our use of plastic with no paper money to back it. Overdo the plastic and we're down the tubes much the same as printing too much money.
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Frenchfry

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Re: U.S. Heading for financial trouble? (Fiscal wake up tour)
« Reply #31 on: September 10, 2007, 07:45:09 PM »

Fantastic link!

The five pages were a little long but a great read and the little video was good too.

Here’s the link again:

http://www.rollingstone.com/politics/story/16076312/the_great_iraq_swindle

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This is what I see when I visit:

"Sorry Frenchfry, you are banned from posting and sending personal messages on this forum.
This ban is not set to expire."

No emails, no warnings, no communication whatsoever...just that ban

May be what happened to the other libs as well.

I guess disabling the report to admin link only on the lib side was indicative of the slanted games they play.

Enjoy your spoon-fed Faux News type right-wing echo-chamber.

Edited to add:

This is the only way to answer some of the questions posed:

1) I did nothing to warrant the banishment, it's political.

2) It's the router that's blocked but considering all the nonsense right-wing games being played by those running the site...it's just not worth it to bypass the banishment block.

3) The moron stalkers from MT contemplating a visit will be considered a threat and can expect to have a bad day if they act upon those idiotic thoughts.

bumfunkegypt@live.com

riar

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Re: U.S. Heading for financial trouble? (Fiscal wake up tour)
« Reply #32 on: September 10, 2007, 08:03:43 PM »

FF,
I do keep an open mind from other news sources, but I'm often times disappointed - and the same goes for Fox news.  Fox can be slanted, but I just like their reporting better. 90% of my news comes from the internet - Yahoo, AP, etc.

I didn't read the torte reform link, but you didn't indicate why it would be bad.  There should always be recourse for incivility, but when you can sue over your own dumb actions?  Or you can be improperly compensated to the tune of hundreds of millions of dollars (which xx% goes to the lawyers).  You want solutions, how about limiting that % for the lawyer.  How about the losing lawyer pays the fees (for certain kind of cases).  What say you lawgirlmi?

I consider myself a conservative, not a republican.  I have a set of principles that I live by, and I'd like  our country to live by.  That's why I vote.

I never hear the principles of Democrats.  And what little I do hear (health care, susidizing, gun control, lack of support for our military) sounds too socialist for my liking.

Lately, I've had much disdain for the entire government.  Them and us have become a wussified nation and I take some of the blame (product of the 60's).

Let me know when you find some solutions.  I've offered a couple above.

Dinner awaits.  Later.

I'm disgusted with America also. We want to live elsewhere, anywhere off the mainland when we retire shortly. Especially if Mussharif gets killed in the near future, which is quite a possibility. That bunch in Afghanistan will have their hands on nuclear power and look out! It's just too frustrating watching the apathy while outright crooks are running the country pillaging everything while the world grows more unstable for Americans. China has polluted itself to the point it must move on someone for new territory. Where you gonna go if someone owes you billions, and you need a place to stay? Learn to speak Chinese. Not a nice lot over there. As far as Fox, I refuse to watch it. Many really good sitcoms do not fare well on that station because of the network itself. And now Rupert owns the Wall Street Journal. The journal has set up an independent panel that decides on the editorials to make sure Rupert doesn't have a say so. That'll tell you how slanted Fox News is.  If you want to check sources goto: sourcewatch.org.
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riar

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Re: U.S. Heading for financial trouble? (Fiscal wake up tour)
« Reply #33 on: September 10, 2007, 08:37:23 PM »

Fantastic link!

The five pages were a little long but a great read and the little video was good too.

Here’s the link again:

http://www.rollingstone.com/politics/story/16076312/the_great_iraq_swindle




I love those guys at Rolling Stone. Who else would manage to get inside a Chinese prison in Tibet to interview the inmates who are Tibetan monks and nuns and get back to write about it? They don't just write about stuff, they show the trail. Reagan's war on drugs was such a farce. Rolling Stone traced the export of chemicals needed to mass produce cocaine from American pharmaceutical companies to Bogota, Colombia during that time. The exportation stopped shortly after. Germany took up the slack. They aren't always political, but when they do decide to expose something, it's pretty hard to dispute. They get pictures, documents, names, dates, and show the trail.
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SPOOKYTOOTH

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Re: U.S. Heading for financial trouble? (Fiscal wake up tour)
« Reply #34 on: September 21, 2007, 03:52:03 AM »

60 Minutes re-aired this story;
http://www.cbsnews.com/stories/2007/03/01/60minutes/main2528226.shtml
http://www.cbsnews.com/sections/i_video/main500251.shtml?channel=60Sunday
I like the comments to the story on the first link.

U.S. Comptroller General David Walker runs the Government Accountability Office (GAO) and states he's totaled up our government's income, liabilities, and future obligations and concluded that our current standard of living is unsustainable unless some drastic action is taken. And he's not alone. It's been called the "dirty little secret everyone in Washington knows" – a set of financial truths so inconvenient that most elected officials don't even want to talk about them, which is exactly why David Walker does.

Walker has given up on elected officials and taken his message directly to taxpayers and opinion makers, hoping to shape the debate in the next presidential election.

You have heard this before, from Ross Perot 15 years ago. You might have even thought the problem had been solved, when President Clinton announced, "Tonight, I come before you to announce that the federal deficit … will be simply zero."
"Well, those days are gone. We've gone from surpluses to huge deficits and our long range situation is much worse," Walker says.

The Medicare problem is five times greater than the Social Security problem.
The president and the Congress made things much worse in Dec. 2003, when they expanded the Medicare program to include prescription drug coverage.
"The prescription drug bill was probably the most fiscally irresponsible piece of legislation since the 1960s," Walker argues.
Asked why, Walker says, "Well, because we promise way more than we can afford to keep. Eight trillion dollars added to what was already a 15 to $20 trillion under-funding. We're not being realistic. We can't afford the promises we've already made, much less to be able, piling on top of 'em."

He is not suggesting that the nation do away with Medicare or prescription drug benefits. He does believe the current health care system is way too expensive, and overrated.

"On cost we're number one in the world. We spend 50 percent more of our economy on health care than any nation on earth," he says.

"We have the largest uninsured population of any major industrialized nation. We have above average infant mortality, below average life expectancy, and much higher than average medical error rates for an industrialized nation," Walker points out.

Walker says we have promised almost unlimited healthcare to senior citizens who never see the bills, and the government already is borrowing money to pay them. He says the system is unsustainable.

"It's the number one fiscal challenge for the federal government, it's the number one fiscal challenge for state governments and it's the number one competitive challenge for American business. We're gonna have to dramatically and fundamentally reform our health care system in installments over the next 20 years,”

"And if we don't, it could bankrupt America"





     "...could..." is far TOO weak of a word to use here. America is headed for a depression, far worse than the one in the thirties.  Too bad so many people willbe caught off guard and will wind up regretting their doubts...
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