Do he have a degree in economics. Debt is good for the free interprise system. what is he talking about. He is for free interprize or not. If you don't support free interprize
system you don't support america. you are talking communism. or nazism
@comptonproduction Do he have a degree in economics? Do you have a fourth grade education? First of all, debt can be good, but is not inherently good. Keynes himself said that deficit spending should only be short term. It should never be permanent. Obviously, an educated person such as yourself learned about compound interest right? Once our debts get to high, every penny of our income will go to paying just interest. Which will lead to further debt and higher interest.
Oct. 28 -2010--The government spent a total of $80.1 billion on intelligence gathering last year, three times as much as when it last disclosed the figure 12 years ago.US spy spending revealed for first time, tops $80 billion Intelligence spending at record $80.1 billion in first disclosure of overall
Are we lacking of any materials or manpower to build our economy?
Someone is cooking our national debts and trade deficits on all of us behind our govt. Don't stop spending to improve our living standard and infrastructure that we need or we're going to be dragged under water as those book cookers planned. We need more wikileakers to update us raw data of material resources, ownerships, manpower and effort available, interest rates/loans/credits, amount of cash flowing/idling. We want leaks.
Republicans, Democrats, Bush and Obama; four dead beats don't make one right.
We are looking more and more like Greece. 30% of our population are government workers or government pensioners.. Government workers retire at 55 yrs collect for 35-40 yrs, while regular workers must endure until 72 yrs to support dead beats. Government workers are 100% supported by other peoples taxes. Read gao gov, occ treas gov, cbo gov and now cia fact book gov. Economic terrorist from within USA Government!
Every county and especially all the friends of USA must learn a lesson by looking the condition and selfish behavior and policy of Zionist control USA gov how destroying its own best friend Pakistan by imposing illegal war on terrorism. Its the USA who use mus as mujhid and Taliban to break its enemy Russia and after its goal finish the same brave heroes now blaming and killing by USA in the name of terrorism. Every justice and peace lover spit on the mouth of those American who suport USA gov
The deficit=a threat to national security. Wow. Finally, we get some common sense. People don't understand that security is a corollary of economic prosperity/independence.
learn about the CIA for impersating us im gonna arest you because i work with the CIA just tell me where you live and you'll be in jail before you know it
Why the hell do I want to hear what you think of the economy? Aren't you supposed to be a spy or something? Make with the sharks with frickin laser beams on their heads or gtfo
One more thought....deficits are a zero sum game...if i lend you money, your debt is my asset. You default, I get your collateral. So....who is benefitting from this insane government borrowing? Borrowing without the consent of those who will be taxed to pay it back? Who is benefitting? Therein is the problem. Therein is our enemy. And therein may lie treason.
The Treasury borrows to fund the military industrial complex. We have a gun to everyone's head, this is a hold up. It doesn't matter what the deficit is when the other countries can be force fed toilet paper. It's madness, the lack of ethics and morals, its utter madness. No wonder I drink.
BTW - anyone else here find it funny that Fora posted videos titled "CIA Director: Deficit a Threat to National Security" and "Law Enforcement Addicted to Drug Revenue" back-to-back?
News flash for the CIA. The reason you don't have any money in your budget is because the FED reserve and foreign banks have decided to destroy the economy and bankrupt the the govt. you took an oath serve and protect from both foreign and DEMESTIC threats. Why isn't Paulson in jail for threatening the congress with "marshal law", thats not a decision for an F-ing bank? Also,we have a Kenyan in the W. H. that believes he is the president and that "his" country has Fifty-eight states.
@dlucas90 The countries with the highest taxes are Norway and Sweden, as a result they have the wealthiest populations in the world, the most equal, next to no crime, best education and healthcare. educated people are flexible and innovative, difficult to push around. it is the most liberal place too.
You were sold a pack of lies by far right nasty corp creeps with smooth voices.
Well then, why is it the corps that are getting bailed out. I swear, you partisans are so stupid that you don't even realize that you are supporting gush- up trickle-down economic more than any reagan fan would have ever dreamed!
"Bail out the rich or we're all gonna die" is both bush's and obama's agenda.
I guess after all the monopolistic banks and the corps. that grew up around them, have converted themselves into govt. agencies, everything will be OK., ......NOT.
Tell me how money is created to begin with and then see if you still think I am nuts.
Furthermore, your bastardizing of the word "conspiracy" on a page about the CIA is telling. What do you think the CIA and FBI were supposed to be developed to prevent? They were created to figure out and stop conspiracies from both foreign and domestic threats. I guess in you little word, there is no need for the CIA or FBI since conspiracies don't exist.
I tell ya what, you go find out how money is created in the first place and then come back and tell me this is all the Repubs or Dems fault, cause it isn't, they both play for the same team, team Wall Street.
If you want to understand politics and the economy you must first understand the most basic fundamental process that the banks use to create money. If you ignore this crucial piece of information all you will ever be able to do.................
...................is regurgitate talking points of Rush Limbaugh, or Kieth Olbermann or some other puke from CORPORATE owned and funded mass media.
Best starting point for learning how money is created in the first place, and how banks operate, is a Canadian educational film called "money as debt".
It will show you the history of banks and how they evolved into what they are today.
--Aren't the Swiss the wealthiest? Their schools are no better than the rest of Europe's. The govt shortened the work week to 3-4days to compensate for high unemployment, highly educated people have no jobs or work menial jobs, their healthcare is no better than ours, they rely on the govt for most everything, & they're ruled by a King. On top, they're being overrun by Muslims. In 40yrs they will be Muslim nations.
@NoGuff You are wrong, Switzerland is a low tax banking economy and free market oriented. In fact President Obama has the Swiss rather annoyed at the moment as he has pushed for secret bank accounts and tax havens be closed.
The scams Bush turned a blind eye to, where vast sums bled away.
Neglect and jeers are the most striking features of conservatism.
Other nations invested in people, health and education. they are reaping the reward as low crime and educated, innovative populations.
@NoGuff It might be typical of me to toss bombs, it is not typical of many liberals though, they tend to toss incoherent technical jargon which seems quaint and awkward until one finally understands it, then it seems like one's very own idea, thus republicans toss bombs at liberals for not having thought of it.
things like that.
but i don't think liberals mind much provided the ideas gets through.
--Not from my extensive experience. I spend most of my time correcting liberals statements, and challenging them to produce evidence for their claims. Tossed bombs.
"republicans toss bombs at liberals for not having thought of it"
@NoGuff President Obama came to Europe recently to push for tougher regulation of tax havens. He also got the IMF to open it's doors for the first time putting Americans on the chair for the first time.
This seems to be exactly the kind of thing we need.
The economy is what it is.
It will evolve into something else in time, but we need it open and not scamming itself. secret slush funds, unsustainable nasty investments, that is the biggest damaging factor of all.
@NoGuff And of course, legitimate tax havens are OK, they are a way we may want to stimulate parts of the economy.. Nobody is seriously suggesting the USA becomes Norway.
Everybody does things their own way. The point though is to get out of the mindset that others are out to get you.
they are competitors for sure, and the USA could do badly, But nobody is out to trash the USA, you are also their biggest market.
We should all grow and do well together, pulling each other up from time to time.
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"Nobody is seriously suggesting"
--Maybe you're not, but others are.
"out to get you"
--Anyone advocating Socialism is out to get your money & your freedom. I mean, look at your own country, for crap's sake. Are you free to go into some Muslim parts of London? No. To speak freely about Muslims? No. To own a pistol? No.
"nobody is out to trash the USA"
--The Neo-Communist transnationalists are, to make it more "fair" compared to other nations, then sell us out to the UN.
@NoGuff The UK followed the USA model closely, thus it got stung by the recent problems badly too. Compared to much of EU. Transnational corps are not communist LOL, they are capitalists who trade from many countries. You have strayed into absurdity NoGulf. Capitalism tends to monopoly. success buys up fail. crashes get bigger. AKA problem with capitalism. blind chase of profit. Regulate it to keep it sane, useful and healthy. Common sense Invest in education and health, by taxing it carefully.
What we need, when a floor needs to be swept, are people who will design a robot to sweep it.
Good ideas, not uneducated poor people.
China is designing those kinds of robots now.
Trough trade we level out.
unless we see the centrality of high-tech innovation. When China does come up, having a sea of dumb, cheap people will be a social and economic liability.
Aim for success. invest, keep enough in reserve, but dump divisive short term drudge economics.
--Then why are your brethren over here Hell-bent on getting as many unskilled, low/no education workers into this country from Mexico & S. America?
"sweep a floor for 5$ an hour"
--If you're trying to provide for a family and the best you can do is a minimum wage job sweeping floors, then I think macroeconomic theory is the least of your concerns.
@NoGuff Think about it. 30 years ago the average family existed on one wage. if dad got ill, mum would bring in a few extra pennies, all new money. Today both work. education is much more expensive, healthcare is too expensive. Miserable USA has least vacations in the world even. n child getting ill can kill a whole family. Their money went to the richest as tax 'incentives' and bonuses, It spectacularly failed, Eat your pride, Help those families now. Education and healthcare are a great start.
And third, stop bothering me, you don't live here, and the people who know the least about America are the last people I should spend my time debating America's problems with.
Apparently Main stream corporate news doesn't know that either.
Dig this for yourself:
Associated press June 27 2004
During the debate for Illinois senate seat Keyes attempted to fault Obama for not being a natural born citizen, and Obama quickly retorted ""So what?, I am running for Illinois senate not the presidency", self admitting he is not a natural born citizen.
Oh, I see, it is a right wing conspiracy, isn't it?
Watch: Was the DNC aware Obama was born in Kenya
Watch: Obama claims he's visited 57 states.
I guess I should cut him some slack on the second one though, I mean, he openly admits that much of his education was attained outside the US, like Indonesia for example. They probably don't teach allot of American history where he went to school.
Yes, I've seen the "57 state" video, where it is quite obvious to anyone but the most cynical that he just misspoke (he meant 47). But have at it, hoss. If you think that catching Obama misspeaking a number in the midst of a long campaign proves that he is uneducated, well... have fun. I'm going to spend my time interacting with people who have a few more than 57 neurons..
It's not just one instance of having "misspoke", rather it supports a pattern.
Maybe you think he misspoke the entire time he was campaigning, because he has done virtually the opposite of everything he said he'd do.
Go follow someone else around, someone you can "celebrate" the house having passed a bill to get the tax-payers to fund a govt. insurance scam to "compete" with the "private" insurance monopolies they just bailed out on the tax-payer's back.
"done virtually the opposite of everything he said"
--I agree Obama is a total liar. But no one was listening to most of it. They were too busy basking in his Messianic glow. He told us he'd fuck up the economy, embarass us on the int'l stage, suck up to terrorists & enemies, and radically change the country. It fell on deaf ears.
"a govt. insurance scam to "compete" with the "private" insurance monopolies they just bailed out on the tax-payer's back"
What good are the regulations if they are not enforced. You don't get "balance" by putting people in charge of the economy when they are the ones who screwed it up to begin with. You certainly don't put "ex"-bank executive in charge of the treasury, especially after the last one (with identical banker background) used finacial terrorism to steal 700 billion.
Educate yourself as to how money is created in the first place, then see if you still feel the same way.
@dlucas90 Places like Norway and Sweden have the most equal populations in the world, money is created by agreement, it is only ever an iou. wealth is a far greater asset.
it is fish in the sea, an educated population, health, low crime, interesting hi-tech jobs in clean environments, kids growing up and going to University.
Pulling down a public hospital to make a car park, makes a lot of profit. it destroys much more wealth.
Money is like manure, it is no good all in one spot.
How would you would like to have the govt. spent 30k a year on you, to house you, cloth you, feed you, give you a job where everyone is equal and medical expenses are all paid for?
Sound good?, then commit a crime and go to prison. See, I can make a place sound like something it is not too.
Central banks are the main problem as they use legalized theft and legalized fraud to create money from nothing and collect interest on it to boot. ...........
........... When a group of people, out side the elected govt., are given the power to create money from nothing, they then "buy" the govt.
I don't understand how you can recognize that monopolistic, privately owned corps. are destroying the free market and then turn around and support the mother of all monopolies, a private banking monopoly. There are many good reasons the constitution forbids fiat currency and strictly forbids private banks issuing US currency.
"If politicians have conflicts of interest, then slam them for it hard"
--Senators Boxer, Feinstein, Dodd, and Representatives Pelosi & Frank have MASSIVE conflicts of interest. Yet they are rewarded. How do you account for that?
@NoGuff I grew up watching the Rockford files, James Garner in a cool USA.
It usually ended with some corp crook getting nailed, dodgy characters came good in the end. The woman who was supposed to pay up ran away. Jim smiled eventually though, because she was poor and he was good.
Invest in education and healthcare train doctors and researchers, it creates new markets, as does green technology.
a new area where the USA could be world leader, admired for her fabulous, progress and way of life.
Ron Paul has done more to educate the public as to how this illegitimate banking system works than anyone else in Washington.
Ron Paul is the author of the bill to audit the privately owned "Fed" reserve in order to 1) further educate the public as to how the system works and 2) expose these foreign owned banks for the frauds that they are.
Tell me, in what way is Dr.Paul's policy "identical" to the IMF and FED's repayment conditions? Ive only heard him say the dollar will die some time soon.
@dlucas90 The Fed is not a secret. except to people who believe the USA had a socialized system. If the Fed being private is the problem, then socialize it! If 'mega elites' are the problem, then tax them back to Earth orbit ! Both the exact opposite of what RP advocates ! He says privatize more! dump welfare and the vulnerable, Same as Bush, Same as IMF. RP is a republican back-stop. Republicans making it seem only more corps can save you from corps wake up. it is all hard right trash
I 100% agree with Panetta, but I really wish these Johnny Come Latelys would start caring when its not about an issue that could help Americans (health care) instead of big corporations (tax cuts, defense, pork). I mean, we've been running deficits for 30 years. Where are all these deficit hawks when Reagan's hallowed name comes up?
So maybe the CIA - and the (un)intelligence community generally - should stop dealing illicit narcotics and start figuring out how to rebuild our domestic industries, in order to recreate a tax base? Of course, the Obama regime hates industry and blue-collar industrial workers, so instead, they'll opt for continued "free trade" insanity, and fascist austerity policies consciously modeled on those of Hjalmar Schacht, the Nazi finance minister. Call it "Schacht Therapy."
Sure, he wasn't listening when you idiots came blabbing your bullshit about socialism, nazis, birth certificates and secret muslims. Geeeeee, how rude of him not to pay attention to the nutsos screaming incoherently in the streets.
Maybe if you came with some real fucking ideas besides "teabags" and didn't focus so much on conspiracy blabber and race-baiting, someone besides your fellow nutbags at Fox would listen. Just a little advice.
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"blabbing your bullshit about socialism"
--Nationalized healthcare: Socialistm. Van Jones: Communist. Anita Dunn: Maoist. Etc.
"nazis"
--You're saying a govt that doesn't listen to the People is a fair & just institution? I mean, I know you liberals love leftist oppression, but .... damn.
"birth certificates"
--Well, he hasn't shown it, and spent $1million to lock it up. Sound right to you? Doesn't to me, and many othes.
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"secret muslims"
--Not sure what you mean by that.
"not to pay attention to the nutsos"
--So, nutsos like Leon Panetta. Thanks for helping to make my argument.
"conspiracy blabber and race-baiting"
--Out of control govt spending is not "conspracy blabber." And Obama is the race-baiter. Unless you can offer proof of a conservative race-baiter. I'll wait.
"nutbags at Fox"
--Oh, now it's all Fox's fault. Don't you libtards hvae ANYTHING?
The loss of tax revenue under bad economy is far bigger than spending to stimulate the economy for the long run. It is critical to recover the economy first, otherwise, the debt will grow in the long run. When Clinton was in the office, US even had budget suprplus because of booming economy.
Look at the video again. He's talking about the debt, not spending.
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"It is critical to recover the economy first, otherwise, the debt will grow in the long run."
--So out of control govt spending will somehow stimulate revenue for the govt? I think helping stimulate business would be a better idea. But liberals hate "big business" because it's inherently evil under a Marxist philosophy. So I guess more govt spending is inevitible until everything is absorbed into the govt.
"the debt, not spending"
--So $1.5trillion in govt spending doesn't put us in debt?
NoGuff: "So out of control govt spending will somehow stimulate revenue for the govt?"
Companies pay tax on their profit. When the economy is slow many companies make loss instead, which means they don't pay tax. You don't need to be a genius to figure this out.
Stimulus is an investment that pays back later as tax revenue. All industrialized countries following this method. You don't argue with that, unless you can show opposite proof.
If you already knew that, just think of opposite. Lost revenue equals as spending with no stimulus effect, only bigger.
No matter what they spend for, it stimulates in different degree. As a known stimulus spending, military spending has the least effect, food stamp at opposite end, most effective.
What I meant opposite meaning any country not spending any money as a stimulus plan. Can you name one?
If you don't understand the comment, just ask. Don't nit pick. We only have limited space here. If one tries to save space, sometimes it becomes hard to understand. Are you becoming that desperate asking such question?
Goal of stimulus is to have people spend the money while they are hesitating to do so. Regardless of what you want to call it, the money spread to the poor people are far more likely NOT to stay in their saving account.
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"If you don't understand the comment, just ask. Don't nit pick"
--If I understood it I wouldn't have asked. The 500 character limit is not the excuse for leaving out essential words of sentences, like nouns & verbs, or even the subject. So don't insult me if you write a fucked up sentence & I can't understand you. I'm not a mind-reader, unfortunately.
FYI: You CAN split your response up into two messages, you know. So you have no excuse. Especially being my fault.
The money the Gov. doesn't get as tax revenue is the same as dumping the money. The money the Gov. collects then spend, at least will result in stimulating the economy.
This again, doesn't require you to be a genius to figure out. If you don't understand it, blame it to your brain.
Food stamp:
By nature it goes to poor people who needs food and use it. It becomes spending only when they use it.
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allgoo19 - You're referring to money the governmen essentially recycles back into the economy.
I'm referring to laws, policies, and methods that IGNITE the economy by giving incentives to investors. What you described does NOT create jobs OR private revenue.
And regarding poor people specifically, they are such a small portion of the population, and they spend so little, do you really think they spark economic growth with food stamps?
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"Please explain how"
--HAA!! Go pick up any economics book. Or, you could just look at some examples. Reagan's tax cuts = economic boom. Clinton's deregulations = economic boom. GWB's tax cuts = headed off recession & gave 7+ yrs of postive growth despite monumental outside factors that would have brought the economy down.
"What kind of investment"
--Private business investments, dim-wit.
"Show step by step"
--If you want a paper written on it, send me some cash and I'll get on it.
NoGuff: "poor people specifically, they are such a small portion of the population, and they spend so little, do you really think they spark economic growth with food stamps?"
So, basically you agree that foods tamp has the best efficiency, but argue that the amount is not big enough? How about give it to everybody then? It's the stimulus after all.
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"you agree that foods tamp has the best efficiency"
--No.
"Google, "Food stamps offer best stimulus - study" "
--Paying for groceries, phone bill, & electric bill doesn't CREATE jobs it only sustains current jobs. So food stamp programs won't get the grocer to hire more people, only keep on those he has.
And if $150mil in food stamps & unemploymenty benefits (which, of course, doesn't create jobs, either) actually worked, why did Obama & Congress spend $700 billion on a stimulus?
This simply means you have no answer to all my questions.
If you want just spew out your words and not make dialogue, this isn't a place for you.
All three samples you mentioned of, Reagan, W., Clinton, took part of the market crash in 2008. Clinton in particular, did it in last moment of his term.
Besides that, my question was about "Investment incentive that drives the economic boom" you were talking about.
--Wow, even a direct answer isn't good enough for you. Complaining about a direct, succinct, definitive answer to a question merely shows you're simply immature & prone to whining even if you get what you want. Crybaby.
"took part of the market crash"
--Wow, the programming! You're saying they had more to do with it than THOSE WHO WROTE & PUSHED THE LEGISLATION WHICH DIRECTLY LEAD TO THE CRASH? Wow.
I read your old comment and found that you're putting "Invetment incentive" = "Tax Cut", is that right? Why you didn't say so from the beginning?
Here's totally opposite of what you are saying.
Under FDR, top tax rate was over 90%, Glass Steagall act was in place. From 40's to 60's, economy was booming without crash like Reagan had "Balck Monday"
Tax cut started in 60's, partial deregulation of Glass Steagall act started in 70's.
Tax cuts are investment incentives, you dip. Some are aimed that way, some are not. Please name some investment incentives other than tax ones. They are the easy & quick to enable.
You forget that back when tax rates were 90%, most people were poor. Cars were a luxury. Millionaires were few & extremely rich.
Now, most people have big TVs, microwaves, cell phones, families have more than 1 car, most investors in the stock market are middle class, and we have more millionaires than ever.
In your case the question should be what planet they are on.
Dogma is the problem NoGulf.
We just want a balanced sensible economy.
calls for more inequality and driving workers through miserable conditions is just dumb, it trashes markets and your own economy for the sake of a few populist jingles.
NoGuff: "You forget that back when tax rates were 90%, most people were poor. Cars were a luxury. Millionaires were few & extremely rich."
Regardless of your reasoning, the fact remains. Economy boom kept up for 25-30 yrs. According to you, high tax rate and regulation destroy the economy. Market crash started happening only after those were removed.
Why things keep happening in opposite of what you say?
It was before regulation(G&S Act) put in place and tax were very low(25%), which led to the depression. Depression was only the end result, banks were shutting down by hundreds since early 20's.
That was the reason for the regulation.
"Why things keep happening in opposite of what you say?"
"It was before regulation(G&S Act) put in place and tax were very low(25%), which led to the depression"
--But you just wrote that the G&S Act came after the depression. Which is it?
This is truly amazing. Finally, the true Neo-Communist agenda is revealed. You want to return the USA to the point where most people are poor and only a few select Elitists will be super-rich and in control.
NoGuff: "--But you just wrote that the G&S Act came after the depression. Which is it?"
Learn a history first. If you did, you wouldn't be asking such question. Did you go to school?
Lack of regulation and low tax rate (25% 1925-1931, everything was controlled by conservative idea including prohibition) led the economy to depression. G&S Act:1933. Didn't we learn anything?
"Why things keep happening in opposite of what you say?"
"Learn a history first. If you did, you wouldn't be asking such question. Did you go to school?"
--Wow, a lot of chastising there for simply asking you to be clear in your writing. I mean, if I knew about G&S Act thoroughly I woulnd't have asked.
"low tax rate ... led the economy to depression"
--Really? Do you have anything written by any economists or such professionals that will back up your idea that low tax rates lead to the Great Depression? Or is that just your idea?
25%Tax rate 1925-1931. 1929 market crash, no G&S Act in place. 1932 tax hike began up to over 90% till 1963. Coming out of depression then led to boom 40's, 50's and 60's.
1970's, partial repeal of G&S Act began.
1980, Reagan elected, cut tax to 50%. later in his term to 25%. 1987, "Black Monday" market crash.--fast forward--2000, total repeal of G&S Act. Bush elect, cut tax to 35%. 2008 market crash.
It should always be followed by "because". Describing something alone won't make you win the debate unless you explain it.
"insane", because?
I have presented so many evidences. So where's yours? Deregulation caused a big economic boom for 25 yrs?
According to you, 1945 to 1970 should be an economic disaster. Instead, it was boom only because of war? How about Gulf war I and Gulf war II, did they cause economic boom?
What allgoo completely overlooks is that a recession is a GOOD thing. I mean, it isn't good that the government, through inflationary stimulus, creates false economic activity (i.e., bubbles) to begin with. But the quicker the government pulls life support from counter-productive activity, the quicker we return to GENUINE economic growth. Thus allgoo may have a point: when the communists run out of money, their system goes into a recession. He needs to brush up on Murray Rothbard.
Yes, I'll agree that in the bigger picture occasional recessions are good because it corrects inflated growth (the "dot com boom") with solid, proper growth.
"the economy is slow because people are not spending a lot of money"
--That's a byproduct. People aren't spending money because their money has been devalued due to this massive recession. When jobs are lost people tend to spend more carefully.
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"Goal of stimulus"
--The goal of stimulus is investment, therefore jobs. Jobs is everything. Everything stems from jobs. Anyone can just spend money, but that money must end up as jobs. Wall St can boom, but people need to work. Then they spend money, which drives the economy.
"poor people are far more likely"
--And the poor have enough money to blow to drive the economy? No. And when that money runs out where are they going to get more? The govt. Karl Marx would be proud of you.
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"What are you, stupid or something?"
--Well, you're going to have to make a decision here. Either you think Leon Panetta AND I are stupid, or you think Obama is stupid.
So what's it going to be?
I'm going to guess you'll back Obama, regardless. He could grow horns and a tail, and be eating babies while dropping nukes on American cities and you'd still back him.
Ahh, yep. You're stupid. I know how to spot them. Have fun ranting off your Limbaugh-esque nonsense. The sane world will all be laughing and thumbing you down.
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"Ahh, yep. You're stupid"
--Aahh, I see. Panetta & I are stupid for saying the govt is spending too much, more than it has. Wow, had I known how stupid it was to not spend money you don't have.... So I guess I'll go empty my bank account, then run up all my credits cards. That would be smart, right?
"your Limbaugh-esque nonsense"
--Ok, so this is suddenly all Rush's fault, right? Rush forced Leon Panetta to say something stupid about Obama's crazy spending plans.
Lastly, YT get your $hit together, these videos are like listening/watching a stutterer, with the delays on the load. For crying out loud what is going on with the stupid site?
I think Mr Panetta is saying that his boss has squandered away the money that could have solved some problems. He did not mention energy which where we could have spent the trillion dollars and gotten something back. We could have spent that money on research in a number of other fields but we did not. We could force industry to move back to the states and provide jobs and provide exportable products but we are not. The problem? Dumb assed white shirts in the White House and Congress.
yeah we know, we saw the government accountability office video from last year! that's what we've been saying, but thanks fora! i wish people would wake up the non-federal reserve, the bailout fraud, the oil non crisis, the climate lies, and on and on and on..
Karma will determine the economic future of the United States. If the upper class continues their irresponsibility (something disgustingly new in American history - they used to care, but now they're just scumbag greedy republicans happy to bleed the nation dry) by teaching their lemming to think taxing the rich is the essence of pure evil, and if the middle, working, and poor classes continue to mindlessly accept this, then the USA is screwed. We'll get what we deserve.
"Tax the rich? Why do you want to punish success? Keeping rich as rich as possible is our only hope! You must be a communist. You hate freedom!"
USA's distribution of wealth: Bottom 40% have basically nothing. 40%-90% have 1/3 the wealth. 90%-99% have the next third. TOP 1% OWN 1/3 THE NATION'S WEALTH.
Since the mid 30's the top tax bracket was never below 70%, UNTIL REAGAN. It's never been above 40% since (highest was under Clinton = great economy + budget surpluses!) It's currently 35%.
If you pushed education like you did regulation, we'd have a huge middle class smart enough to compete with the upper class and a very tiny, very manageable lower class.
I blame the Democrats as much as the Republicans for the poor quality of our educational system; Republicans fighting Sex-Ed and evolution and Democrats fighting private schools (God forbid parents have ay say in their children's education); they're both going to kill us all.
I totally agree with you that education is vital for our economic prosperity (and having a wise electorate, and maintaining our democracy, and fulfilling our moral responsibility to the young). But even if our schools were the best in the world, there'd still be rich and poor in the country. Every problem would be lessened, but there'd still be problems.
In the case of deficits, it isn't rocket science to see that our problem began with Reagan when the rich decided they needed a 50% tax cut.
Well, realistically there is no perfect cure for poverty; it will always exist, I think, in some form.
And as far as Reagan goes, I don't have a problem with that statement. I'm a libertarian and I believe government should be kept out of business. I also believe, however, that business should be kept out of government. As a believer in the "equal benefit of law" principle, I don't think tax cuts for the rich are fair at all, unless equal tax cuts are given to everyone else who pays taxes.
Funny thing is: he says as the head of the CIA he sees to it that everything he does makes the country safer when in fact 99% of what the CIA does makes the country less safe...
It's why healthcare reform advocates are adamant that legislation be crafted such that it's deficit-neutral for the first ten years, and deficit-reducing after that.
Healthcare reform opponents, thus, have an easy scare tactic... all they have to do is yell: DEFICIT! loud and long.
What capitalists? Most of the US economy is subsidized by the gov -- which is why we have all this debt (Defense is the best example, of course.). When I think about how much the big corporations have grown and profited with the support of the gov during the past 40 years, it's more like corporatism than capitalism. Or is that really called facism.
CIA = Criminals in Action
AnonRevolution1 4 months ago
IF THE CIAs SAYIN IT U KNOW WHAT THAT MEANS. NEW WAR, TIME TO INVADE ANOTHER COUNTRY AND ROB THEM BLIND TO FIX THE DEFICIT, FUCKIN CROOKS.
Zenapproach09 11 months ago
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anyone know how much it pays to be a cia agent? and anyone know if u can become one in florida?
XxRaziel1 11 months ago
Do he have a degree in economics. Debt is good for the free interprise system. what is he talking about. He is for free interprize or not. If you don't support free interprize
system you don't support america. you are talking communism. or nazism
comptonproduction 1 year ago
@comptonproduction Do he have a degree in economics? Do you have a fourth grade education? First of all, debt can be good, but is not inherently good. Keynes himself said that deficit spending should only be short term. It should never be permanent. Obviously, an educated person such as yourself learned about compound interest right? Once our debts get to high, every penny of our income will go to paying just interest. Which will lead to further debt and higher interest.
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88888FORCE 1 year ago
Are we lacking of any materials or manpower to build our economy?
Someone is cooking our national debts and trade deficits on all of us behind our govt. Don't stop spending to improve our living standard and infrastructure that we need or we're going to be dragged under water as those book cookers planned. We need more wikileakers to update us raw data of material resources, ownerships, manpower and effort available, interest rates/loans/credits, amount of cash flowing/idling. We want leaks.
beancube2010 1 year ago
AUDIT THE CIA ... IT'S TIME
ben5017 1 year ago
Dollar is the source of World Crisis that is a fact ...
aviomaster 1 year ago
Republicans, Democrats, Bush and Obama; four dead beats don't make one right.
We are looking more and more like Greece. 30% of our population are government workers or government pensioners.. Government workers retire at 55 yrs collect for 35-40 yrs, while regular workers must endure until 72 yrs to support dead beats. Government workers are 100% supported by other peoples taxes. Read gao gov, occ treas gov, cbo gov and now cia fact book gov. Economic terrorist from within USA Government!
myHome109 1 year ago
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Every county and especially all the friends of USA must learn a lesson by looking the condition and selfish behavior and policy of Zionist control USA gov how destroying its own best friend Pakistan by imposing illegal war on terrorism. Its the USA who use mus as mujhid and Taliban to break its enemy Russia and after its goal finish the same brave heroes now blaming and killing by USA in the name of terrorism. Every justice and peace lover spit on the mouth of those American who suport USA gov
dpremi1126 1 year ago
INVADE CHINA...AFTER IRAN OF COURSE
Temple420org 2 years ago
Good God, how could you say such a thing??????? Oh yeah Americas track record. Fair play.
smokeybear69 2 years ago
--- Dollar shook the world markets ,,,
Countries need to change dollars for GOLD ,,, Cause dollar is the source of economic crisis around the world.
aviomaster 2 years ago
@aviomaster u are retarded
dontdodrugs666 1 year ago
Search for US DEBT FORMULA
eliasmouawad 2 years ago
The deficit=a threat to national security. Wow. Finally, we get some common sense. People don't understand that security is a corollary of economic prosperity/independence.
libertyeconomics 2 years ago
learn about the CIA for impersating us im gonna arest you because i work with the CIA just tell me where you live and you'll be in jail before you know it
MrJustinbiebersucks 2 years ago
arrest the bankers as traitors to the nation
marniespeaks 2 years ago
Why the hell do I want to hear what you think of the economy? Aren't you supposed to be a spy or something? Make with the sharks with frickin laser beams on their heads or gtfo
thunderpants10 2 years ago
One more thought....deficits are a zero sum game...if i lend you money, your debt is my asset. You default, I get your collateral. So....who is benefitting from this insane government borrowing? Borrowing without the consent of those who will be taxed to pay it back? Who is benefitting? Therein is the problem. Therein is our enemy. And therein may lie treason.
beltane3 2 years ago 3
The Treasury borrows to fund the military industrial complex. We have a gun to everyone's head, this is a hold up. It doesn't matter what the deficit is when the other countries can be force fed toilet paper. It's madness, the lack of ethics and morals, its utter madness. No wonder I drink.
beltane3 2 years ago 3
Get the fuck armed people! Get a lot of ammo!
namename654 2 years ago
BTW - anyone else here find it funny that Fora posted videos titled "CIA Director: Deficit a Threat to National Security" and "Law Enforcement Addicted to Drug Revenue" back-to-back?
Freudian slip, perhaps?
offsprng46 2 years ago 2
Conscriptions? This mother fucker wanna try that shit?
namename654 2 years ago
News flash for the CIA. The reason you don't have any money in your budget is because the FED reserve and foreign banks have decided to destroy the economy and bankrupt the the govt. you took an oath serve and protect from both foreign and DEMESTIC threats. Why isn't Paulson in jail for threatening the congress with "marshal law", thats not a decision for an F-ing bank? Also,we have a Kenyan in the W. H. that believes he is the president and that "his" country has Fifty-eight states.
dlucas90 2 years ago
@dlucas90 The countries with the highest taxes are Norway and Sweden, as a result they have the wealthiest populations in the world, the most equal, next to no crime, best education and healthcare. educated people are flexible and innovative, difficult to push around. it is the most liberal place too.
You were sold a pack of lies by far right nasty corp creeps with smooth voices.
led the anti war movement into obscurity.
the conspiracy is the conspiracy idiot.
marsCubed 2 years ago 2
Well then, why is it the corps that are getting bailed out. I swear, you partisans are so stupid that you don't even realize that you are supporting gush- up trickle-down economic more than any reagan fan would have ever dreamed!
"Bail out the rich or we're all gonna die" is both bush's and obama's agenda.
I guess after all the monopolistic banks and the corps. that grew up around them, have converted themselves into govt. agencies, everything will be OK., ......NOT.
............
dlucas90 2 years ago
...........
Tell me how money is created to begin with and then see if you still think I am nuts.
Furthermore, your bastardizing of the word "conspiracy" on a page about the CIA is telling. What do you think the CIA and FBI were supposed to be developed to prevent? They were created to figure out and stop conspiracies from both foreign and domestic threats. I guess in you little word, there is no need for the CIA or FBI since conspiracies don't exist.
dlucas90 2 years ago
@dlucas90 You are so taking what I said out of context.
The USA puts in place agencies it sees fit for her defence.
I am just fed up of you "Truthers" selling a far right nastiest corp agenda as anything other than it is.
If banks became too big to fail then that is because the right has pushed for corporate everything.
regulating it rationally is sensible and it works, like Sweden't banks.
We are all repairing the mess left by years of neglect.
Other economies invested and are doing much better
marsCubed 2 years ago
I tell ya what, you go find out how money is created in the first place and then come back and tell me this is all the Repubs or Dems fault, cause it isn't, they both play for the same team, team Wall Street.
If you want to understand politics and the economy you must first understand the most basic fundamental process that the banks use to create money. If you ignore this crucial piece of information all you will ever be able to do.................
dlucas90 2 years ago
...................is regurgitate talking points of Rush Limbaugh, or Kieth Olbermann or some other puke from CORPORATE owned and funded mass media.
Best starting point for learning how money is created in the first place, and how banks operate, is a Canadian educational film called "money as debt".
It will show you the history of banks and how they evolved into what they are today.
dlucas90 2 years ago
"highest taxes are Norway and Sweden"
--Aren't the Swiss the wealthiest? Their schools are no better than the rest of Europe's. The govt shortened the work week to 3-4days to compensate for high unemployment, highly educated people have no jobs or work menial jobs, their healthcare is no better than ours, they rely on the govt for most everything, & they're ruled by a King. On top, they're being overrun by Muslims. In 40yrs they will be Muslim nations.
I think I'll stay in America, thanks.
NoGuff 2 years ago
@NoGuff You are wrong, Switzerland is a low tax banking economy and free market oriented. In fact President Obama has the Swiss rather annoyed at the moment as he has pushed for secret bank accounts and tax havens be closed.
The scams Bush turned a blind eye to, where vast sums bled away.
Neglect and jeers are the most striking features of conservatism.
Other nations invested in people, health and education. they are reaping the reward as low crime and educated, innovative populations.
marsCubed 2 years ago
"Switzerland is a low tax banking economy and free market oriented"
--How does that rebuke the idea that the Swiss are wealthy?
"The scams Bush turned a blind eye to, where vast sums bled away"
--An empty claim.
"Neglect and jeers are the ... features of conservatism"
--Another one.
"Other nations invested in people, health and education"
--News flash: That's not our govt's job.
"innovative populations"
--Another news flash: The USA produces the most innovations in the world.
NoGuff 2 years ago
@NoGuff your previous comments have the same fault.
You compare a nation as large as the USA to much smaller states, likewise demographics, in a like for like sham.
The wealthiest population doesn't mean the society with the richest person. it means wealth of the population is highest. also, the most equal.
Likewise, with education you compared the USA to the UK regarding number of universities.
It's propagandist fudge for an imagined audience of fools.
One is tempted to say, typical republican.
marsCubed 2 years ago
"You compare a nation as large as the USA to much smaller states, likewise demographics"
--How? In what way?
"The wealthiest population doesn't mean the society with the richest person"
--No shit. "The Swiss" isn't referring to one person. Or am I not writing in English?
"with education you compared the USA to the UK regarding number of universities"
--Where? With which words? Where's the quote?
"typical republican"
--It's typical of liberals to toss bombs.
NoGuff 2 years ago
@NoGuff It might be typical of me to toss bombs, it is not typical of many liberals though, they tend to toss incoherent technical jargon which seems quaint and awkward until one finally understands it, then it seems like one's very own idea, thus republicans toss bombs at liberals for not having thought of it.
things like that.
but i don't think liberals mind much provided the ideas gets through.
marsCubed 2 years ago
"it is not typical of many liberals though"
--Not from my extensive experience. I spend most of my time correcting liberals statements, and challenging them to produce evidence for their claims. Tossed bombs.
"republicans toss bombs at liberals for not having thought of it"
--Then you don't know what a "tossed bomb" is.
NoGuff 2 years ago
@NoGuff I started talking to you about Norway and Sweden, wealthiest populations, highest taxes, best healthcare and education in the world.
not perfect, but a very interesting and good working model of balanced economy which has invested for the future.
You then told me that Switzerland?! was a monachy etc huh?
That is another country and a banking economy. a tax haven where American tax frauds dump cash.
Trying to work out how you made the connection.. both countries start with 'S' I guess.
marsCubed 2 years ago
"You then told me that Switzerland"
--I merely said I thought Switzerland was actually a richer country than Sweden or Norway.
"was a monachy etc huh"
--Sweden & Norway are monarchies. You didn't know?
"a tax haven where American tax frauds dump cash"
--You mean people around the world, not just Americans. And Americans can't do that anymore, FYI.
"Trying to work out how you made the connection"
--If you actually read my message you'd see where you're mistaken.
NoGuff 2 years ago
@NoGuff nonono.. we can talk about monarchy if you like, you will find that I am a republican in the true sense of the world.
We can talk about healthcare, or investment strategy.
But saying welfare is bad because some other country has a kind is nuts.
it is just pulling a person down with unrelated similar sounding words.
marsCubed 2 years ago
@NoGuff Gosh, I looked for other things mentioned on your list.
I re-read the entire thread and noticed I had argued with people you had argued with..
which is disturbing.
I am sure that you said something about the USA having so many top universities while the UK only had 1/2 of 1.. something like that.
Which sounds about right, but then again the USA is many times bigger.
is my point.
so it is not a sound comparison.
mind you, might have been someone else who said this, couldn't find it below.
marsCubed 2 years ago
@NoGuff
"The scams Bush turned a blind eye to, where vast sums bled away"
Google 'transfer pricing'.
Check out how tax havens are used. often no more than mail boxes which allow corps to claim nil taxable income.
This was big, secret tax cuts. it deprived not only the USA of revenue, but it also perpetuated crazy investing and hype that damaged many.
Stuff the profit sharks.
We need a sustainable balanced wealth producing economy.
moving profits around is good, fake figures are not.
marsCubed 2 years ago
This comment has received too many negative votes show
"Google 'transfer pricing'."
--There's legislation in place to prevent such tax dodging loopholes.
"Check out how tax havens are used"
--Legit tax havens are ok. Shady ones are investigated. My brother collects such taxes for a state's revenue dept., they're not fools.
"perpetuated crazy investing and hype that damaged many"
--Not as much as the Frank/Dodd fuck-ups with Fannie May & Freddie Mac.
"wealth producing economy"
--We had that. Democrats have tried to put a stop to it.
NoGuff 2 years ago
@NoGuff President Obama came to Europe recently to push for tougher regulation of tax havens. He also got the IMF to open it's doors for the first time putting Americans on the chair for the first time.
This seems to be exactly the kind of thing we need.
The economy is what it is.
It will evolve into something else in time, but we need it open and not scamming itself. secret slush funds, unsustainable nasty investments, that is the biggest damaging factor of all.
We must all get our act together
marsCubed 2 years ago
This comment has received too many negative votes show
"secret slush funds"
--Regulations already for those.
"nasty investments"
--Poor investments don't last. Survival of the fittest works here. Good investments last, as do sound methods.
"We must all get our act together"
--You're essentially saying people shouldn't do illegal or unethical things, and that people should make good decisions.
Well, thanks for that, Einstein. That's what I love about Liberals; no analysis beyond the surface. And they say Conservatives are the stupid ones.
NoGuff 2 years ago
@NoGuff And of course, legitimate tax havens are OK, they are a way we may want to stimulate parts of the economy.. Nobody is seriously suggesting the USA becomes Norway.
Everybody does things their own way. The point though is to get out of the mindset that others are out to get you.
they are competitors for sure, and the USA could do badly, But nobody is out to trash the USA, you are also their biggest market.
We should all grow and do well together, pulling each other up from time to time.
marsCubed 2 years ago
This comment has received too many negative votes show
"Nobody is seriously suggesting"
--Maybe you're not, but others are.
"out to get you"
--Anyone advocating Socialism is out to get your money & your freedom. I mean, look at your own country, for crap's sake. Are you free to go into some Muslim parts of London? No. To speak freely about Muslims? No. To own a pistol? No.
"nobody is out to trash the USA"
--The Neo-Communist transnationalists are, to make it more "fair" compared to other nations, then sell us out to the UN.
NoGuff 2 years ago
marsCubed 2 years ago
"Transnational corps are not communist"
--Where did I say they were?
"Invest in education and health, by taxing it carefully"
--Tax, tax, tax, tax, tax, tax, tax, tax....., endless taxation. Eventually the People wise up and hang all the tax-mongers.
NoGuff 2 years ago
@NoGuff
Those 'tax cuts' put $ into the pockets of the richest as bonuses.
If the USA had taxed same as EU the average middle class American would have been $11,000 better off during the Bush period.
Think of how many new businesses that could have started, or how much it would have helped with education and health.
this sum is per American, not per household.
It represents how much came out of the economy and went to the richest.
inequality grew spectacularly.
trickle down was a lie
marsCubed 2 years ago
tax the rich, spread it around.
put the money into useful investments.
education, healthcare, infrastructure.
Not everything. but a good balance.
Sweat-shops, driving down wages is an economics of a previous age.
Today innovation and good planning are far more important.
skilled, intelligent workforce planning out wealth producing innovative solutions.
Not beating workers into being so dumb they sweep a floor for 5$ an hour.
The right bay the only thing they know.. it is not clever.
marsCubed 2 years ago
What we need, when a floor needs to be swept, are people who will design a robot to sweep it.
Good ideas, not uneducated poor people.
China is designing those kinds of robots now.
Trough trade we level out.
unless we see the centrality of high-tech innovation. When China does come up, having a sea of dumb, cheap people will be a social and economic liability.
Aim for success. invest, keep enough in reserve, but dump divisive short term drudge economics.
Aim for broad social and economic balance.
marsCubed 2 years ago
"put the money into useful investments.
education, healthcare"
--Not our government's business.
"skilled, intelligent workforce"
--Then why are your brethren over here Hell-bent on getting as many unskilled, low/no education workers into this country from Mexico & S. America?
"sweep a floor for 5$ an hour"
--If you're trying to provide for a family and the best you can do is a minimum wage job sweeping floors, then I think macroeconomic theory is the least of your concerns.
NoGuff 2 years ago
marsCubed 2 years ago
A Polish saying.
"To get a bargain you need to spend more money"
Investment is not magic,it is not even communism, it is something idiots do not do.
Seriously, in IQ tests it is even a Q posed in various ways.
Republican policy is blisteringly dumb,
it is granny at a flea market picking through the nastiest cheapest boxes of smelly shoes.
We want an America which leads and inspires the world with a vision of a better future, innovation and stability.
Not smelly old shoes as a 'bargain' trophy
marsCubed 2 years ago
First, you are a Marxist.
Second, you spread lies & misrepresentations.
And third, stop bothering me, you don't live here, and the people who know the least about America are the last people I should spend my time debating America's problems with.
NoGuff 2 years ago
"Those 'tax cuts' put $ into the pockets of the richest as bonuses"
--Gee, I didn't realize the IRS gave out bonuses.
"would have been $11,000 better off"
--By being taxed more?
"Think of how many new businesses that could have started"
--Please provide examples of when tax hikes across the board results in a surge of new businesses.
"trickle down was a lie"
--It worked in your country under Thatcher.
Besides, why am I discussing this shit with you? You don't even live here.
NoGuff 2 years ago
@NoGuff 11,000$ by taxing some of those bonuses back.
That is Progressive 'high tax' is.
spread the manure around
Regan marked the end of FDR policy, ever since then incomes of regular Americans have fallen in real terms.
Housing was sold off or cut back, now people's biggest expence is morgages,
, medicine, education etc.
education too used to be cheap or free.
The right gave all away to coprs.
it is what republcans and the right stand for, the inequality and corruption party.
no trickle down
marsCubed 2 years ago
What on Earth are you talking about Thatcher lol?
She was brought down by mass protests when she attempted a single rate of tax.
an awful and nasty fail.
Thatcher trashed social housing sold off our public assets for pennies. trains had to be re nationalized, banks too.
Thatcher and Regan just crashed and damaged the economy.
It trashed the USA.
you are saying more inequality and waste?
higher bonuses for this crap?
tune into reality NoGulf, It trashed our nations for a quick fake populist $
marsCubed 2 years ago
Hawaii is part of Kenya? I did not know that.
RationalRat 2 years ago
Apparently Main stream corporate news doesn't know that either.
Dig this for yourself:
Associated press June 27 2004
During the debate for Illinois senate seat Keyes attempted to fault Obama for not being a natural born citizen, and Obama quickly retorted ""So what?, I am running for Illinois senate not the presidency", self admitting he is not a natural born citizen.
dlucas90 2 years ago
No, dlucas90, do some actual fact checking, willya? There is no article from the AP that contains that quote. Only blogs and right-wing "news" sites.
RationalRat 2 years ago
Oh, I see, it is a right wing conspiracy, isn't it?
Watch: Was the DNC aware Obama was born in Kenya
Watch: Obama claims he's visited 57 states.
I guess I should cut him some slack on the second one though, I mean, he openly admits that much of his education was attained outside the US, like Indonesia for example. They probably don't teach allot of American history where he went to school.
dlucas90 2 years ago
Yes, I've seen the "57 state" video, where it is quite obvious to anyone but the most cynical that he just misspoke (he meant 47). But have at it, hoss. If you think that catching Obama misspeaking a number in the midst of a long campaign proves that he is uneducated, well... have fun. I'm going to spend my time interacting with people who have a few more than 57 neurons..
RationalRat 2 years ago
This comment has received too many negative votes show
"he just misspoke (he meant 47)"
--Damn, I wish I had ESP.
"proves that he is uneducated"
--I don't know anyone who thinks that. It seems that's the No.1 or No.2 insult liberals throw at conservatives when they disagree with them.
It merely means he's not without fault. I know that flies in the face of his Messiah image with liberals, but its true.
And, for all those who call GWB uneducated, well, he also graduated from Harvard, just like Obama. So we're attacking liberal hypocrisy.
NoGuff 2 years ago
NoGuff is a faggot.
Muchodelcrazy 2 years ago
It's not just one instance of having "misspoke", rather it supports a pattern.
Maybe you think he misspoke the entire time he was campaigning, because he has done virtually the opposite of everything he said he'd do.
Go follow someone else around, someone you can "celebrate" the house having passed a bill to get the tax-payers to fund a govt. insurance scam to "compete" with the "private" insurance monopolies they just bailed out on the tax-payer's back.
dlucas90 2 years ago
"done virtually the opposite of everything he said"
--I agree Obama is a total liar. But no one was listening to most of it. They were too busy basking in his Messianic glow. He told us he'd fuck up the economy, embarass us on the int'l stage, suck up to terrorists & enemies, and radically change the country. It fell on deaf ears.
"a govt. insurance scam to "compete" with the "private" insurance monopolies they just bailed out on the tax-payer's back"
--A beautifully evil plan, no?
NoGuff 2 years ago
@NoGuff consider that this is not about market v socialization. It is about balance in the economy.
Regulation to keep it sane, mopping up secret slush funds and damaging assets, Markets people want to invest in.
Not blind profit hacking monsters where figures are hype.
Sustainability; bringing people up instead of pulling competitors (markets) down.
Retiring failure sensibly and reinvesting,
The challenge is to become educated, healthy, balanced and sustainable societies, so that far fewer fail
marsCubed 2 years ago
What good are the regulations if they are not enforced. You don't get "balance" by putting people in charge of the economy when they are the ones who screwed it up to begin with. You certainly don't put "ex"-bank executive in charge of the treasury, especially after the last one (with identical banker background) used finacial terrorism to steal 700 billion.
Educate yourself as to how money is created in the first place, then see if you still feel the same way.
dlucas90 2 years ago
@dlucas90 Places like Norway and Sweden have the most equal populations in the world, money is created by agreement, it is only ever an iou. wealth is a far greater asset.
it is fish in the sea, an educated population, health, low crime, interesting hi-tech jobs in clean environments, kids growing up and going to University.
Pulling down a public hospital to make a car park, makes a lot of profit. it destroys much more wealth.
Money is like manure, it is no good all in one spot.
Invest well.
marsCubed 2 years ago
How would you would like to have the govt. spent 30k a year on you, to house you, cloth you, feed you, give you a job where everyone is equal and medical expenses are all paid for?
Sound good?, then commit a crime and go to prison. See, I can make a place sound like something it is not too.
Central banks are the main problem as they use legalized theft and legalized fraud to create money from nothing and collect interest on it to boot. ...........
dlucas90 2 years ago
........... When a group of people, out side the elected govt., are given the power to create money from nothing, they then "buy" the govt.
I don't understand how you can recognize that monopolistic, privately owned corps. are destroying the free market and then turn around and support the mother of all monopolies, a private banking monopoly. There are many good reasons the constitution forbids fiat currency and strictly forbids private banks issuing US currency.
dlucas90 2 years ago
@dlucas90 I just don't get it. If politicians have conflicts of interest, then slam them for it hard.
Government allows you to do that, it is a public forum.
Itt is not guaranteed perfection for anyone, it is where various groups can apply pressure to get policy. that includes you.
I happen to agree that corps have way too much leverage. That is why I push for left leaning parties, so the corp lobby is curbed and tax havens shut.
Not trashed, but made responsible wealth contributors.
marsCubed 2 years ago
"If politicians have conflicts of interest, then slam them for it hard"
--Senators Boxer, Feinstein, Dodd, and Representatives Pelosi & Frank have MASSIVE conflicts of interest. Yet they are rewarded. How do you account for that?
NoGuff 2 years ago
@dlucas90 Why, If the Fed = 'elite banking conspiracy' is Ron Paul policy identical to IMF and Fed loan repayment conditions?
What they push for anyways.
In all cases the call is to privatize, cut welfare, reduce Govt.
We have all seen Sth America on TV. even public parks get sold off.
It makes a few $ but only nastiest corps benefit.
Opposite policy is investing in wealth creation.
regulating the size of banks and assets.
so when something falls, it doesn't squash you all
All jobs of Government
marsCubed 2 years ago
"Opposite policy is investing in wealth creation"
--Name three provisions in the "stimulus bill" that did just that.
I can name many that didn't, like all the "global warming research grants" and the "pig fart" research, and jobs that last only a day or two.
NoGuff 2 years ago
@NoGuff I grew up watching the Rockford files, James Garner in a cool USA.
It usually ended with some corp crook getting nailed, dodgy characters came good in the end. The woman who was supposed to pay up ran away. Jim smiled eventually though, because she was poor and he was good.
Invest in education and healthcare train doctors and researchers, it creates new markets, as does green technology.
a new area where the USA could be world leader, admired for her fabulous, progress and way of life.
marsCubed 2 years ago
"I grew up watching the Rockford files"
--One of the great US TV shows, and immediately recognizable musical themes.
"It usually ended with some corp crook getting nailed"
--I don't recall that, but it usually had the underdog winning, just like "The A-Team." Shows about crooked, powerful people winning don't often fly.
"train doctors and researchers"
--Not our government's job.
"it creates new markets, as does green technology"
--Private industry creates markets.
NoGuff 2 years ago
Ron Paul has done more to educate the public as to how this illegitimate banking system works than anyone else in Washington.
Ron Paul is the author of the bill to audit the privately owned "Fed" reserve in order to 1) further educate the public as to how the system works and 2) expose these foreign owned banks for the frauds that they are.
Tell me, in what way is Dr.Paul's policy "identical" to the IMF and FED's repayment conditions? Ive only heard him say the dollar will die some time soon.
dlucas90 2 years ago
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marsCubed 2 years ago
marsCubed 2 years ago
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dlucas90 2 years ago
I 100% agree with Panetta, but I really wish these Johnny Come Latelys would start caring when its not about an issue that could help Americans (health care) instead of big corporations (tax cuts, defense, pork). I mean, we've been running deficits for 30 years. Where are all these deficit hawks when Reagan's hallowed name comes up?
eirefrance 2 years ago 2
Homeland Gestapo Police State
Likud Joe Lieberman and Bibi
Backlash Neocon AIPAC
Projection much?
ryanshaunkelly 2 years ago
So maybe the CIA - and the (un)intelligence community generally - should stop dealing illicit narcotics and start figuring out how to rebuild our domestic industries, in order to recreate a tax base? Of course, the Obama regime hates industry and blue-collar industrial workers, so instead, they'll opt for continued "free trade" insanity, and fascist austerity policies consciously modeled on those of Hjalmar Schacht, the Nazi finance minister. Call it "Schacht Therapy."
offsprng46 2 years ago 2
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Ssssooo ..... he's saying we shouldn't spend money like a drunken sailor with a credit card at a high-priced whorehouse.
MEANWHILE his boss is doing just that, AND proposing MORE insane spending.
So I'm a bit confused here. Was Leon Panetta replaced by a space alien, or what? Someone alert the FBI.
But, I bet Obama simply wasn't listening. Just he wasn't listening when the Tea Party protests were right outside his office window.
NoGuff 2 years ago
Sure, he wasn't listening when you idiots came blabbing your bullshit about socialism, nazis, birth certificates and secret muslims. Geeeeee, how rude of him not to pay attention to the nutsos screaming incoherently in the streets.
Maybe if you came with some real fucking ideas besides "teabags" and didn't focus so much on conspiracy blabber and race-baiting, someone besides your fellow nutbags at Fox would listen. Just a little advice.
eirefrance 2 years ago
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"blabbing your bullshit about socialism"
--Nationalized healthcare: Socialistm. Van Jones: Communist. Anita Dunn: Maoist. Etc.
"nazis"
--You're saying a govt that doesn't listen to the People is a fair & just institution? I mean, I know you liberals love leftist oppression, but .... damn.
"birth certificates"
--Well, he hasn't shown it, and spent $1million to lock it up. Sound right to you? Doesn't to me, and many othes.
NoGuff 2 years ago
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"secret muslims"
--Not sure what you mean by that.
"not to pay attention to the nutsos"
--So, nutsos like Leon Panetta. Thanks for helping to make my argument.
"conspiracy blabber and race-baiting"
--Out of control govt spending is not "conspracy blabber." And Obama is the race-baiter. Unless you can offer proof of a conservative race-baiter. I'll wait.
"nutbags at Fox"
--Oh, now it's all Fox's fault. Don't you libtards hvae ANYTHING?
NoGuff 2 years ago
Noguff: "Ssssooo ...... he's aying..."
The loss of tax revenue under bad economy is far bigger than spending to stimulate the economy for the long run. It is critical to recover the economy first, otherwise, the debt will grow in the long run. When Clinton was in the office, US even had budget suprplus because of booming economy.
Look at the video again. He's talking about the debt, not spending.
allgoo19 2 years ago
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"It is critical to recover the economy first, otherwise, the debt will grow in the long run."
--So out of control govt spending will somehow stimulate revenue for the govt? I think helping stimulate business would be a better idea. But liberals hate "big business" because it's inherently evil under a Marxist philosophy. So I guess more govt spending is inevitible until everything is absorbed into the govt.
"the debt, not spending"
--So $1.5trillion in govt spending doesn't put us in debt?
NoGuff 2 years ago
NoGuff: "So out of control govt spending will somehow stimulate revenue for the govt?"
Companies pay tax on their profit. When the economy is slow many companies make loss instead, which means they don't pay tax. You don't need to be a genius to figure this out.
Stimulus is an investment that pays back later as tax revenue. All industrialized countries following this method. You don't argue with that, unless you can show opposite proof.
allgoo19 2 years ago
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"You don't need to be a genius to figure this out"
--I'm just wondering what I wrote that lead you to believe I didn't know that.
"Stimulus is an investment that pays back later as tax revenue"
--How does funding global warming research, pig fart research, & jobs that last only a few hours pay off as tax revenue?
"unless you can show opposite proof"
--Offering businesses incentives to expand, investors to invest & open businesses, all of which create jobs is the way to grow tax revenue.
NoGuff 2 years ago
Noguff: "I'm just wondering ..."
If you already knew that, just think of opposite. Lost revenue equals as spending with no stimulus effect, only bigger.
No matter what they spend for, it stimulates in different degree. As a known stimulus spending, military spending has the least effect, food stamp at opposite end, most effective.
What I meant opposite meaning any country not spending any money as a stimulus plan. Can you name one?
allgoo19 2 years ago
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"Lost revenue equals as spending with no stimulus effect, only bigger"
--Is that a sentence?
"food stamp at opposite end, most effective"
--So food stamps are more effective at sparking the economy than business incentives? What book did you get that from, The Communist Manifesto?
"What I meant opposite meaning"
--Is that a sentence?
"Can you name one?"
--Are you asking me if I can name a country that proposed a stimulus spending bill that had no spending in it? The answer is no.
NoGuff 2 years ago
NoGuff: "Is that a sentence?"
If you don't understand the comment, just ask. Don't nit pick. We only have limited space here. If one tries to save space, sometimes it becomes hard to understand. Are you becoming that desperate asking such question?
Goal of stimulus is to have people spend the money while they are hesitating to do so. Regardless of what you want to call it, the money spread to the poor people are far more likely NOT to stay in their saving account.
allgoo19 2 years ago
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"If you don't understand the comment, just ask. Don't nit pick"
--If I understood it I wouldn't have asked. The 500 character limit is not the excuse for leaving out essential words of sentences, like nouns & verbs, or even the subject. So don't insult me if you write a fucked up sentence & I can't understand you. I'm not a mind-reader, unfortunately.
FYI: You CAN split your response up into two messages, you know. So you have no excuse. Especially being my fault.
NoGuff 2 years ago
NoGuff: "--If I understood it..."
"Lost revenue equals as spending.."
The money the Gov. doesn't get as tax revenue is the same as dumping the money. The money the Gov. collects then spend, at least will result in stimulating the economy.
This again, doesn't require you to be a genius to figure out. If you don't understand it, blame it to your brain.
Food stamp:
By nature it goes to poor people who needs food and use it. It becomes spending only when they use it.
allgoo19 2 years ago
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allgoo19 - You're referring to money the governmen essentially recycles back into the economy.
I'm referring to laws, policies, and methods that IGNITE the economy by giving incentives to investors. What you described does NOT create jobs OR private revenue.
And regarding poor people specifically, they are such a small portion of the population, and they spend so little, do you really think they spark economic growth with food stamps?
Am I not getting my idea across?
NoGuff 2 years ago
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marsCubed 2 years ago
NoGuff: "You 're referring to.."
Please explain how investment incentive triggers the economic boom.
*Example of any country had it successfully.
*What kind of investment you are talking about.
*Show step by step of how incentive money stimulates the economy from the time investor gets the money to the time unemployment rate becomes low.
allgoo19 2 years ago
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"Please explain how"
--HAA!! Go pick up any economics book. Or, you could just look at some examples. Reagan's tax cuts = economic boom. Clinton's deregulations = economic boom. GWB's tax cuts = headed off recession & gave 7+ yrs of postive growth despite monumental outside factors that would have brought the economy down.
"What kind of investment"
--Private business investments, dim-wit.
"Show step by step"
--If you want a paper written on it, send me some cash and I'll get on it.
NoGuff 2 years ago
NoGuff: "poor people specifically, they are such a small portion of the population, and they spend so little, do you really think they spark economic growth with food stamps?"
So, basically you agree that foods tamp has the best efficiency, but argue that the amount is not big enough? How about give it to everybody then? It's the stimulus after all.
Google, "Food stamps offer best stimulus - study"
allgoo19 2 years ago
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"you agree that foods tamp has the best efficiency"
--No.
"Google, "Food stamps offer best stimulus - study" "
--Paying for groceries, phone bill, & electric bill doesn't CREATE jobs it only sustains current jobs. So food stamp programs won't get the grocer to hire more people, only keep on those he has.
And if $150mil in food stamps & unemploymenty benefits (which, of course, doesn't create jobs, either) actually worked, why did Obama & Congress spend $700 billion on a stimulus?
NoGuff 2 years ago
NoGuff: "--No."
This simply means you have no answer to all my questions.
If you want just spew out your words and not make dialogue, this isn't a place for you.
All three samples you mentioned of, Reagan, W., Clinton, took part of the market crash in 2008. Clinton in particular, did it in last moment of his term.
Besides that, my question was about "Investment incentive that drives the economic boom" you were talking about.
Where is it and which country?
allgoo19 2 years ago
"you have no answer"
--Wow, even a direct answer isn't good enough for you. Complaining about a direct, succinct, definitive answer to a question merely shows you're simply immature & prone to whining even if you get what you want. Crybaby.
"took part of the market crash"
--Wow, the programming! You're saying they had more to do with it than THOSE WHO WROTE & PUSHED THE LEGISLATION WHICH DIRECTLY LEAD TO THE CRASH? Wow.
"Where is it and which country?"
--It used to be here, dim-wit.
NoGuff 2 years ago
NoGuff: "Wow, even a direct.."
I read your old comment and found that you're putting "Invetment incentive" = "Tax Cut", is that right? Why you didn't say so from the beginning?
Here's totally opposite of what you are saying.
Under FDR, top tax rate was over 90%, Glass Steagall act was in place. From 40's to 60's, economy was booming without crash like Reagan had "Balck Monday"
Tax cut started in 60's, partial deregulation of Glass Steagall act started in 70's.
allgoo19 2 years ago
Tax cuts are investment incentives, you dip. Some are aimed that way, some are not. Please name some investment incentives other than tax ones. They are the easy & quick to enable.
You forget that back when tax rates were 90%, most people were poor. Cars were a luxury. Millionaires were few & extremely rich.
Now, most people have big TVs, microwaves, cell phones, families have more than 1 car, most investors in the stock market are middle class, and we have more millionaires than ever.
NoGuff 2 years ago
@NoGuff The equality gap has grown massively.
It is not about which country Someone is in..
In your case the question should be what planet they are on.
Dogma is the problem NoGulf.
We just want a balanced sensible economy.
calls for more inequality and driving workers through miserable conditions is just dumb, it trashes markets and your own economy for the sake of a few populist jingles.
marsCubed 2 years ago
@NoGuff AND.. the reason you are talking to me, is that nobody else can be bothered with your line of inequality and corp hyping.
We all want a good economy, just not the dogmas.
I am talking to you so anyone reading this thread gets a sense of how shallow arguments coming from your side are.
hope that is all clear now.
marsCubed 2 years ago
NoGuff: "You forget that back when tax rates were 90%, most people were poor. Cars were a luxury. Millionaires were few & extremely rich."
Regardless of your reasoning, the fact remains. Economy boom kept up for 25-30 yrs. According to you, high tax rate and regulation destroy the economy. Market crash started happening only after those were removed.
Why things keep happening in opposite of what you say?
allgoo19 2 years ago
"Market crash started happening only after those were removed"
--You mean before the 1929 crash?
NoGuff 2 years ago
NoGuff: "You mean before the 1929 crash?"
Good point.
It was before regulation(G&S Act) put in place and tax were very low(25%), which led to the depression. Depression was only the end result, banks were shutting down by hundreds since early 20's.
That was the reason for the regulation.
"Why things keep happening in opposite of what you say?"
And your answer is??
allgoo19 2 years ago
"It was before regulation(G&S Act) put in place and tax were very low(25%), which led to the depression"
--But you just wrote that the G&S Act came after the depression. Which is it?
This is truly amazing. Finally, the true Neo-Communist agenda is revealed. You want to return the USA to the point where most people are poor and only a few select Elitists will be super-rich and in control.
Have fun with that, because I'm against you 100%.
NoGuff 2 years ago
NoGuff: "--But you just wrote that the G&S Act came after the depression. Which is it?"
Learn a history first. If you did, you wouldn't be asking such question. Did you go to school?
Lack of regulation and low tax rate (25% 1925-1931, everything was controlled by conservative idea including prohibition) led the economy to depression. G&S Act:1933. Didn't we learn anything?
"Why things keep happening in opposite of what you say?"
And your answer is??
allgoo19 2 years ago
"Learn a history first. If you did, you wouldn't be asking such question. Did you go to school?"
--Wow, a lot of chastising there for simply asking you to be clear in your writing. I mean, if I knew about G&S Act thoroughly I woulnd't have asked.
"low tax rate ... led the economy to depression"
--Really? Do you have anything written by any economists or such professionals that will back up your idea that low tax rates lead to the Great Depression? Or is that just your idea?
NoGuff 2 years ago
NoGuff: "Wow, a lot of chastising there ..."
You answer a many questions that I didn't ask but don't answer questions I asked.
"Why things keep happening in opposite of what you say?"
And your answer is??
allgoo19 2 years ago
"but don't answer questions I asked"
--Ask away.
"Why things keep happening in opposite of what you say?"
--They don't.
NoGuff 2 years ago
NoGuff: "They don't.."
They do. I'll repeat, so you post your point.
25%Tax rate 1925-1931. 1929 market crash, no G&S Act in place. 1932 tax hike began up to over 90% till 1963. Coming out of depression then led to boom 40's, 50's and 60's.
1970's, partial repeal of G&S Act began.
1980, Reagan elected, cut tax to 50%. later in his term to 25%. 1987, "Black Monday" market crash.--fast forward--2000, total repeal of G&S Act. Bush elect, cut tax to 35%. 2008 market crash.
allgoo19 2 years ago
"boom 40's, 50's and 60's"
--COME ON!!!! I guess WWII had NOTHING to do with ending the Depression? IT WAS THE ONLY REASON YOU LYING NIMROD!
"1970's"
--Socialist spending policies coupled with oil embargo crippled economy, NOT lower taxes. I really can't believe you.
"1987, 'Black Monday'"
--Crash, or major correction?
"Bush elect, cut tax to 35%. 2008 market crash"
--Wow. 7+ yrs of positive growth then he gets blamed for out of control oil speculators. You Libs are really something
NoGuff 2 years ago
NoGuff: "COME ON!!!! I guess "
Where's your rebuttal?
During high tax and regulation of 1932 to 1964, according to your opinion, the economy would go nowhere but down? Instead, the economy was booming.
During W. terms, there was no "boom" just up and down, then crashed. Show me any link that Bush had "economic boom".
allgoo19 2 years ago
"Where's your rebuttal"
--Wow, I'm really getting tired of you. Its right there in the message you didn't read.
"economy was booming"
--So the 30s was a boom. I should get my money back from that history class.
"there was no "boom" just up and down"
--Slow, steady economic growth is not a "boom" or up/dn.
"Show me any link that Bush had
'economic boom'"
--When you show me where I wrote W had one.
Booms are not the goal bc they're followed by busts. Slow growth is the goal.
NoGuff 2 years ago
NoGuff: "When you show me where I wrote W had one(economic boom)."
Thanks for admitting. He never had good economy going, always bad, sometimes worse than others.
Google "Presidents and economic prosperity"
No.1 Clinton No2. Johnson No.3 Kennedy No4. Reagan......No.8 W. Bush(counting only 1st term)
If his 2 terms were counted, he'd be dead last behind his father.
Where's your proof that tax cut and deregulation helped economy to boom? W. and Reagan are definitely not good example. So?
allgoo19 2 years ago
"Thanks for admitting"
--Wow. You're insane.
NoGuff 2 years ago
NoGuff: "Wow. You're insane."
It should always be followed by "because". Describing something alone won't make you win the debate unless you explain it.
"insane", because?
I have presented so many evidences. So where's yours? Deregulation caused a big economic boom for 25 yrs?
According to you, 1945 to 1970 should be an economic disaster. Instead, it was boom only because of war? How about Gulf war I and Gulf war II, did they cause economic boom?
allgoo19 2 years ago
What allgoo completely overlooks is that a recession is a GOOD thing. I mean, it isn't good that the government, through inflationary stimulus, creates false economic activity (i.e., bubbles) to begin with. But the quicker the government pulls life support from counter-productive activity, the quicker we return to GENUINE economic growth. Thus allgoo may have a point: when the communists run out of money, their system goes into a recession. He needs to brush up on Murray Rothbard.
libertyeconomics 2 years ago
Yes, I'll agree that in the bigger picture occasional recessions are good because it corrects inflated growth (the "dot com boom") with solid, proper growth.
NoGuff 2 years ago
NoGuff:
At least you understand that the economy is slow because people are not spending a lot of money, don't you?
allgoo19 2 years ago
"the economy is slow because people are not spending a lot of money"
--That's a byproduct. People aren't spending money because their money has been devalued due to this massive recession. When jobs are lost people tend to spend more carefully.
NoGuff 2 years ago
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"Goal of stimulus"
--The goal of stimulus is investment, therefore jobs. Jobs is everything. Everything stems from jobs. Anyone can just spend money, but that money must end up as jobs. Wall St can boom, but people need to work. Then they spend money, which drives the economy.
"poor people are far more likely"
--And the poor have enough money to blow to drive the economy? No. And when that money runs out where are they going to get more? The govt. Karl Marx would be proud of you.
NoGuff 2 years ago
What are you, stupid or something?
Muchodelcrazy 2 years ago
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"What are you, stupid or something?"
--Well, you're going to have to make a decision here. Either you think Leon Panetta AND I are stupid, or you think Obama is stupid.
So what's it going to be?
I'm going to guess you'll back Obama, regardless. He could grow horns and a tail, and be eating babies while dropping nukes on American cities and you'd still back him.
NoGuff 2 years ago
Ahh, yep. You're stupid. I know how to spot them. Have fun ranting off your Limbaugh-esque nonsense. The sane world will all be laughing and thumbing you down.
Muchodelcrazy 2 years ago
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"Ahh, yep. You're stupid"
--Aahh, I see. Panetta & I are stupid for saying the govt is spending too much, more than it has. Wow, had I known how stupid it was to not spend money you don't have.... So I guess I'll go empty my bank account, then run up all my credits cards. That would be smart, right?
"your Limbaugh-esque nonsense"
--Ok, so this is suddenly all Rush's fault, right? Rush forced Leon Panetta to say something stupid about Obama's crazy spending plans.
Right. Good one.
NoGuff 2 years ago
One word... Duh!
Lastly, YT get your $hit together, these videos are like listening/watching a stutterer, with the delays on the load. For crying out loud what is going on with the stupid site?
anyusmoon1 2 years ago
I think Mr Panetta is saying that his boss has squandered away the money that could have solved some problems. He did not mention energy which where we could have spent the trillion dollars and gotten something back. We could have spent that money on research in a number of other fields but we did not. We could force industry to move back to the states and provide jobs and provide exportable products but we are not. The problem? Dumb assed white shirts in the White House and Congress.
Eugensdiet 2 years ago
too little too late or is he just telling everyone in advance of the collapse what has happened and what will and why?
Are we talking prevention? Ya think?
Snowflake70 2 years ago
i think the interest is getting up there..
Isawanangel1X 2 years ago
yeah we know, we saw the government accountability office video from last year! that's what we've been saying, but thanks fora! i wish people would wake up the non-federal reserve, the bailout fraud, the oil non crisis, the climate lies, and on and on and on..
Isawanangel1X 2 years ago
I think if you cut spending it won't help as long as we have the trade deficit. That's where the bleeding is.
the2012report 2 years ago
they create the problem then report it's a problem..? do we have retarded people running our country and doing the People's business..?
Dewdaahman 2 years ago
Karma will determine the economic future of the United States. If the upper class continues their irresponsibility (something disgustingly new in American history - they used to care, but now they're just scumbag greedy republicans happy to bleed the nation dry) by teaching their lemming to think taxing the rich is the essence of pure evil, and if the middle, working, and poor classes continue to mindlessly accept this, then the USA is screwed. We'll get what we deserve.
VeryEvilPettingZoo 2 years ago
"Tax the rich? Why do you want to punish success? Keeping rich as rich as possible is our only hope! You must be a communist. You hate freedom!"
USA's distribution of wealth: Bottom 40% have basically nothing. 40%-90% have 1/3 the wealth. 90%-99% have the next third. TOP 1% OWN 1/3 THE NATION'S WEALTH.
Since the mid 30's the top tax bracket was never below 70%, UNTIL REAGAN. It's never been above 40% since (highest was under Clinton = great economy + budget surpluses!) It's currently 35%.
VeryEvilPettingZoo 2 years ago
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PhatBrady1017 2 years ago
They make that money because they're educated.
If you pushed education like you did regulation, we'd have a huge middle class smart enough to compete with the upper class and a very tiny, very manageable lower class.
I blame the Democrats as much as the Republicans for the poor quality of our educational system; Republicans fighting Sex-Ed and evolution and Democrats fighting private schools (God forbid parents have ay say in their children's education); they're both going to kill us all.
PhatBrady1017 2 years ago
I totally agree with you that education is vital for our economic prosperity (and having a wise electorate, and maintaining our democracy, and fulfilling our moral responsibility to the young). But even if our schools were the best in the world, there'd still be rich and poor in the country. Every problem would be lessened, but there'd still be problems.
In the case of deficits, it isn't rocket science to see that our problem began with Reagan when the rich decided they needed a 50% tax cut.
VeryEvilPettingZoo 2 years ago
Well, realistically there is no perfect cure for poverty; it will always exist, I think, in some form.
And as far as Reagan goes, I don't have a problem with that statement. I'm a libertarian and I believe government should be kept out of business. I also believe, however, that business should be kept out of government. As a believer in the "equal benefit of law" principle, I don't think tax cuts for the rich are fair at all, unless equal tax cuts are given to everyone else who pays taxes.
PhatBrady1017 2 years ago
Funny thing is: he says as the head of the CIA he sees to it that everything he does makes the country safer when in fact 99% of what the CIA does makes the country less safe...
Stardusk 2 years ago 4
consume less
save more
produce something
stop fighting
end the Fed
romo502 2 years ago
its good to see the director of the CIA imply that the greatest threat to america lies within our borders via borrowing and spending.
More specifically Obama and Ben Bernanke
thane17 2 years ago
I honestly don't understand why you think it is only Republicans who overspend and do these thinks. Both parties have failed us.
Stardusk 2 years ago
Agree
JustaEropeanGuy 2 years ago 4
It's why healthcare reform advocates are adamant that legislation be crafted such that it's deficit-neutral for the first ten years, and deficit-reducing after that.
Healthcare reform opponents, thus, have an easy scare tactic... all they have to do is yell: DEFICIT! loud and long.
voyeurdug 2 years ago 2
and people wonder why im leaving the States when i get the chance to
mitchnesbitt 2 years ago
The Capitalism which fed you, now eats you.
Andybaby 2 years ago
lol yeah its always capitolism.... lets switch to communism, that didn't fail!
TempestWriter 2 years ago
What capitalists? Most of the US economy is subsidized by the gov -- which is why we have all this debt (Defense is the best example, of course.). When I think about how much the big corporations have grown and profited with the support of the gov during the past 40 years, it's more like corporatism than capitalism. Or is that really called facism.
MiranUT 2 years ago
Raise taxes and cut spending!
Blue387 2 years ago
-2? Seriously?
AtSwimTwoBricks 2 years ago
People don't want to engage in responsible behavior; they just want the results.
justicecallicles 2 years ago