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Author Topic: Our budget crisis in a simple chart. You can make this as political as you wish  (Read 1802 times)
..
Member
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Posts: 27796


Maggie Valley, NC


« on: February 25, 2012, 11:55:41 AM »

I post as information only

America’s Per Capita Government Debt Worse Than Greece

http://www.libertariannews.org/2012/02/24/americas-per-capita-government-debt-worse-than-greece/
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Skinhead
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Posts: 8763


J. A. B. O. A.

Troy, MI


« Reply #1 on: February 25, 2012, 12:19:07 PM »

Until the idiots in DC start spending within our means and quit giving things away, it'll only get worse.
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Troy, MI
..
Member
*****
Posts: 27796


Maggie Valley, NC


« Reply #2 on: February 25, 2012, 12:28:29 PM »

Until the idiots in DC start spending within our means and quit giving things away, it'll only get worse.

Yep, the plonkers on both sides.
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old2soon
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Posts: 23758

Willow Springs mo


« Reply #3 on: February 25, 2012, 01:43:59 PM »

I could "buy" anything i wanted to IF i did not have a budget to follow. I also can not increase the size of my budget on a whim. I've said this before-The trolls in D C seem to think they have an endless bottomless river of money coming their way. uglystupid2 RIDE SAFE.
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Today is the tommorow you worried about yesterday. If at first you don't succeed screw it-save it for nite check.  1964  1968 U S Navy. Two cruises off Nam.
VRCCDS0240  2012 GL1800 Gold Wing Motor Trike conversion
rainman
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Posts: 1838


Steve ( rainman) Eads

Bloomington Indiana


« Reply #4 on: February 25, 2012, 01:52:20 PM »

Until the idiots in DC start spending within our means and quit giving things away, it'll only get worse.

Yep, the plonkers on both sides.
+1 cooldude
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FryeVRCCDS0067
Member
*****
Posts: 4353


Brazil, IN


« Reply #5 on: February 25, 2012, 02:00:46 PM »

Until the idiots in DC start spending within our means and quit giving things away, it'll only get worse.

Yep, the plonkers on both sides.
Yep.
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"Extremism in the defense of liberty is no vice.
And... moderation in the pursuit of justice is no virtue.''
-- Barry Goldwater, Acceptance Speech at the Republican Convention; 1964
Stormrider65
Member
*****
Posts: 541


Just Riding The Many Storms Of Life

Ft.Worth, Texas


« Reply #6 on: February 25, 2012, 02:35:06 PM »

Yeah, it helps if you have the machine to make the money and nobody to oppose you.  They see nothing but their own agendas an could give a crap less about what we, the people, say or do.  I love my country, but don't agree with my government.  I heard a quote from a movie or something that says "Oh how the mighty have fallen".  The Roman Empire had their day at one time.  If they, the heads of spending, don't change their ways, we might be.   But then again, I have been known to be  wrong. 

Walt
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In this wild and wolly world, there are only 3 things you can depend on, your brains, your bros, and your bike.  Ride free!!!

A good friend will bail you out of jail.  A true friend will be sitting next to saying "Damn, That Was Fun"
x
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Posts: 873

0


« Reply #7 on: February 26, 2012, 12:25:12 AM »

First thing you have to do is ask the right questions.  Is unemployment or the debt the biggest problem the US faces right now.  The right wing Tea Party yahoos would have you believe it is the debt... but of course, we couldn't possibly pay down the debt by raising taxes... so the Tea Partiers are really hypocrites... if the debt mattered that much, they would do whatever was necessary to close the gap... but they won't and don't... which means their agenda is not really the debt at all.
 
OTOH, unemployment is a serious problem.  We have already seen from Europe that the austerity measures put in place shrink economies, not grow them... they just make the problem worse.  How will Greece ever attempt to pay off debt when the national economy and resultant taxes is shrinking, not growing?  It's exactly the same mindset as Herbert Hoover, who drove us into permanent recession, saved only by World War II.
 
Britman, and the article he posted fails to understand the role of the world's reserve currency... the US dollar.  No matter what anyone thinks, when the going gets rough, it is the US dollar that investors flock to, and it is US Treasuries that investors buy when they desert the world's markets.
 
The US can well afford to deficit spend to build employment when the costs of debt are very low.  Taking Britman's (and many other Tea Party) points of view, one would never take on debt to grow a business, to hire employees, to build new infrastructure.  Yet, this is exactly what needs to happen, from both an economic perspective and an infrastructure perspective.
 
Frankly, I'm tired of being f*cked by Republicans who pander instead of addressing this nation's ills.  Obstructionists, every one.
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MP
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Posts: 5532


1997 Std Valkyrie and 2001 red/blk I/S w/sidecar

North Dakota


« Reply #8 on: February 26, 2012, 05:06:53 AM »



The US can well afford to deficit spend to build employment when the costs of debt are very low. 


But, at some point the interest rates will rise.  We are darn near at zero right now, and interest on the debt takes up several % points of our spending.  If interest went to 10%, and I have seen higher in my lifetime,  our interest only spending will go up several hundred billion dollars.  The debt does not somehow magically go down if interest rates go up.

Obama's proposed budget adds ANOTHER 4 TRILLION dollars to our debt over the next four years, and he assumes an economy growing at 4% a year, which every economist says in unobtainable in that time frame.  We are currently UNDER 2%.  We are drowning in debt, and digging a deeper hole.

If we taxed the top earners at a 100% rate, the total take would not even cover his proposed debt increases!  Not even if we took EVERY DIME they made!

There WILL be a financial crash in the US, caused by all this debt.  We are juggling a lot of balls to keep it from collapsing, but, at some point, it WILL collapse.  Might be months, might be years, but, it will happen.

MP
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"Ridin' with Cycho"
Robert
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Posts: 17651


S Florida


« Reply #9 on: February 26, 2012, 05:32:31 AM »

Im with you on this MP, this also doesn't talk about the inflation making our dollar worth less and less effectively cutting all US pay down to a quarter what it was. Clinton rewrote the way it was reported so that his economics would look alot better but continues to this day. Take back the Fed would help quite a bit, cut most out of the government handouts. I do agree with SE on one point though we need to shakeup congress and our government to start doing what they are paid to do protect this country and help the American people. I think Republican or Democrat its all the same stuff. The next President will have the same credentials as the past one so why address these issues or parties. Why not address the real problem and put blame where do that all these are cut from the same cloth and the same people parade them for the people to see and play like one is any better than the other. The real power is in telling these a@@@@@@ that this is our way not yours.

As it was in these guys days so it is today address the issues. They are smiling because they are paid for life with health care and all the rest and they know that they have set the US on a path to destruction but got out before the stuff hit the fan.
« Last Edit: February 26, 2012, 05:39:28 AM by Robert » Logged

“Some people see things that are and ask, Why? Some people dream of things that never were and ask, Why not? Some people have to go to work and don’t have time for all that.”
..
Member
*****
Posts: 27796


Maggie Valley, NC


« Reply #10 on: February 26, 2012, 06:03:39 AM »

Wayne,

With your constant sniping, generally incorrect, at VRCC members you "really do" exemplify the principles of the organisation you laud on your web site.

Leaders wanted. Men willing to step through fear and into the challenge of their lives. Men not afraid to revolt against repressive social norms, take off their masks and break through their personal barriers. Men ready to take real risks and step into their full power. Men not afraid to inhabit ALL the characteristics required of men in changing times; resiliency, integrity,courage, creativity, innovation, adaptability, compassion, empathy, radical self-responsibility, inclusivity, generosity and respect.
« Last Edit: February 26, 2012, 06:11:24 AM by Britman » Logged
texaninsouthfl
Member
*****
Posts: 441


Serving those who served us...

East Lake County, Florida


WWW
« Reply #11 on: February 26, 2012, 06:06:36 AM »

First thing you have to do is ask the right questions.  Is unemployment or the debt the biggest problem the US faces right now.  The right wing Tea Party yahoos would have you believe it is the debt... but of course, we couldn't possibly pay down the debt by raising taxes... so the Tea Partiers are really hypocrites... if the debt mattered that much, they would do whatever was necessary to close the gap... but they won't and don't... which means their agenda is not really the debt at all.
 
OTOH, unemployment is a serious problem.  We have already seen from Europe that the austerity measures put in place shrink economies, not grow them... they just make the problem worse.  How will Greece ever attempt to pay off debt when the national economy and resultant taxes is shrinking, not growing?  It's exactly the same mindset as Herbert Hoover, who drove us into permanent recession, saved only by World War II.
 
Britman, and the article he posted fails to understand the role of the world's reserve currency... the US dollar.  No matter what anyone thinks, when the going gets rough, it is the US dollar that investors flock to, and it is US Treasuries that investors buy when they desert the world's markets.
 
The US can well afford to deficit spend to build employment when the costs of debt are very low.  Taking Britman's (and many other Tea Party) points of view, one would never take on debt to grow a business, to hire employees, to build new infrastructure.  Yet, this is exactly what needs to happen, from both an economic perspective and an infrastructure perspective.
 
Frankly, I'm tired of being f*cked by Republicans who pander instead of addressing this nation's ills.  Obstructionists, every one.


Wow.... rarely does one see such a succinct example of statist pablum in one short post. Without going into the host of points on which you're just laughably wrong, you, like other statists, including your pal Barry and his cabal, insist that if trillions in deficit spending isn't working, we should therefore do MORE of it...

You equate our objection to trillions of dollars of out of control deficit spending to objecting to a business taking out a loan to finance expansion? That's one of the dumbest statements I've heard from you yet.

Oh, and I just have to laugh at your jab at Republicans... they ARE doing their job, (or at least part of it) which is to try and prevent your people from running our country off the cliff into the abyss. As for obstructionism... hypocrisy is the order of the day for you and your leftist pals. There are something like 17 job creating bills the House has passed that Reid won't even allow to be considered in the Senate. Yet it's Republicans that are obstructionists. Uh huh... right.

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x
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*****
Posts: 873

0


« Reply #12 on: February 26, 2012, 06:31:35 AM »

First thing you have to do is ask the right questions.  Is unemployment or the debt the biggest problem the US faces right now.  The right wing Tea Party yahoos would have you believe it is the debt... but of course, we couldn't possibly pay down the debt by raising taxes... so the Tea Partiers are really hypocrites... if the debt mattered that much, they would do whatever was necessary to close the gap... but they won't and don't... which means their agenda is not really the debt at all.
 
OTOH, unemployment is a serious problem.  We have already seen from Europe that the austerity measures put in place shrink economies, not grow them... they just make the problem worse.  How will Greece ever attempt to pay off debt when the national economy and resultant taxes is shrinking, not growing?  It's exactly the same mindset as Herbert Hoover, who drove us into permanent recession, saved only by World War II.
 
Britman, and the article he posted fails to understand the role of the world's reserve currency... the US dollar.  No matter what anyone thinks, when the going gets rough, it is the US dollar that investors flock to, and it is US Treasuries that investors buy when they desert the world's markets.
 
The US can well afford to deficit spend to build employment when the costs of debt are very low.  Taking Britman's (and many other Tea Party) points of view, one would never take on debt to grow a business, to hire employees, to build new infrastructure.  Yet, this is exactly what needs to happen, from both an economic perspective and an infrastructure perspective.
 
Frankly, I'm tired of being f*cked by Republicans who pander instead of addressing this nation's ills.  Obstructionists, every one.


Wow.... rarely does one see such a succinct example of statist pablum in one short post. Without going into the host of points on which you're just laughably wrong, you, like other statists, including your pal Barry and his cabal, insist that if trillions in deficit spending isn't working, we should therefore do MORE of it...

You equate our objection to trillions of dollars of out of control deficit spending to objecting to a business taking out a loan to finance expansion? That's one of the dumbest statements I've heard from you yet.

Oh, and I just have to laugh at your jab at Republicans... they ARE doing their job, (or at least part of it) which is to try and prevent your people from running our country off the cliff into the abyss. As for obstructionism... hypocrisy is the order of the day for you and your leftist pals. There are something like 17 job creating bills the House has passed that Reid won't even allow to be considered in the Senate. Yet it's Republicans that are obstructionists. Uh huh... right.



You better vote.  And you better get your minions behind you.  Because I, and the like minded people like me, are going to win the next election... and the one after that... and that one after that.
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RoadKill
Member
*****
Posts: 2591


Manhattan KS


« Reply #13 on: February 26, 2012, 07:24:04 AM »

Wayne,

With your constant sniping, generally incorrect, at VRCC members you "really do" exemplify the principles of the organisation you laud on your web site.

Leaders wanted. Men willing to step through fear and into the challenge of their lives. Men not afraid to revolt against repressive social norms, take off their masks and break through their personal barriers. Men ready to take real risks and step into their full power. Men not afraid to inhabit ALL the characteristics required of men in changing times; resiliency, integrity,courage, creativity, innovation, adaptability, compassion, empathy, radical self-responsibility, inclusivity, generosity and respect.

So... the best you can do is attack the messenger?  Do you know how weak this line of argument is?  Makes you look like a doofus.  Can't actually reply to the issues?  Like a semen stain on a dress... fun while it happened but not very productive.


Now we have reached the maturity level of name calling .  NICE ! cooldude
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Karen
Member
*****
Posts: 2786


Boston MA


« Reply #14 on: February 26, 2012, 08:18:30 AM »

I find it frightening that someone would become a citizen of this country only to work to destroy it. Sounds like the Art of War to me...
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3fan4life
Member
*****
Posts: 7028


Any day that you ride is a good day!

Moneta, VA


« Reply #15 on: February 26, 2012, 08:35:16 AM »

So... the best you can do is attack the messenger?  Do you know how weak this line of argument is?  Makes you look like a doofus.  Can't actually reply to the issues?  Like a semen stain on a dress... fun while it happened but not very productive.


Leaders wanted. Men willing to step through fear and into the challenge of their lives. Men not afraid to revolt against repressive social norms, take off their masks and break through their personal barriers. Men ready to take real risks and step into their full power. Men not afraid to inhabit ALL the characteristics required of men in changing times; resiliency, integrity,courage, creativity, innovation, adaptability, compassion, empathy, radical self-responsibility, inclusivity, generosity and respect.


EXACTLY WHERE ARE THESE "TRAITS" THAT YOU SUPPOSEDLY UPHOLD AND RESPECT, EXHIBITED IN THIS RESPONSE ?

YOU "SIR" ARE A HYPOCRITE IN EVERY SENSE OF THE WORD.


 
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1 Corinthians 1:18

Tropic traveler
Member
*****
Posts: 3117


Livin' the Valk, er, F6B life in Central Florida.

Silver Springs, Florida


« Reply #16 on: February 26, 2012, 09:38:04 AM »

Let me put this a little more simply, it's the unnecessary SPENDING that is the problem.
If there had been MUCH less needless spending by ALL parties involved we would not be in the pickle that we are in. It will get worse, much worse when all the put off consequences finally hit.
I do find it enlightening however, that the better off among us who preach the liberal line are the first to take advantage of the tax breaks that "pandering Repubs" give them.
If you don't like the lower rates, GIVE IT BACK!
Like that'll ever happen.  Shocked
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..
Member
*****
Posts: 27796


Maggie Valley, NC


« Reply #17 on: February 26, 2012, 12:58:58 PM »

Wayne,

With your constant sniping, generally incorrect, at VRCC members you "really do" exemplify the principles of the organisation you laud on your web site.

Leaders wanted. Men willing to step through fear and into the challenge of their lives. Men not afraid to revolt against repressive social norms, take off their masks and break through their personal barriers. Men ready to take real risks and step into their full power. Men not afraid to inhabit ALL the characteristics required of men in changing times; resiliency, integrity,courage, creativity, innovation, adaptability, compassion, empathy, radical self-responsibility, inclusivity, generosity and respect.

So... the best you can do is attack the messenger?  Do you know how weak this line of argument is?  Makes you look like a doofus.  Can't actually reply to the issues?  Like a semen stain on a dress... fun while it happened but not very productive.


They include activities that are unlawful, harmful, threatening, sexually explicit, defamatory, obscene, racial and/or ethnic slurs, personal attacks; harassing, offensive, vulgar, abusive, hateful or bashing comments or content; and similar pictures or links, especially those aimed at sexual orientation, gender, race, color, religious views, national origin or disability.

Nice again Wayne. Did you miss medication today because you are being very aggresive. It's worrying for us.
 
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3fan4life
Member
*****
Posts: 7028


Any day that you ride is a good day!

Moneta, VA


« Reply #18 on: February 26, 2012, 01:11:55 PM »

Nice again Wayne. Did you miss medication today because you are being very aggresive. It's worrying for us.

NOW, NOW BRITMAN,

You really should be MORE compassionate.

BIPOLAR DISORDER is a SERIOUS mental illness and shouldn't be taken lightly.   Evil  Evil
 
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1 Corinthians 1:18

..
Member
*****
Posts: 27796


Maggie Valley, NC


« Reply #19 on: February 26, 2012, 01:13:48 PM »

Nice again Wayne. Did you miss medication today because you are being very aggresive. It's worrying for us.

NOW, NOW BRITMAN,

You really should be MORE compassionate.

BIPOLAR DISORDER is a SERIOUS mental illness and shouldn't be taken lightly.   Evil  Evil
 

I am concerned. When a person starts to develop big swings in temperament I think it's a pointer to a deep seated problem. It's a worry cause we are so far away and unable to help a fellow rider who may be in distress.  angel
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