United States Heading towards a Depression?

Times are getting tough. The economy has lost 50,000 jobs per month this year and 1.5 million more people are collecting food stamps.

27.88 million Americans were receiving food stamps as of March. USDA estimates enrollment will average 27.98 million people in fiscal 2009 at a cost of $40.3 billion.

http://news.yahoo.com/s/nm/20080609/us_nm/food_usa_stamps_dc

 

what we really need is gas stamps.

 

But hey as long as we can "fight them over there" right? The idiot Bush is a moron for he has fallen right in the trap of Bin Laden whom already said that he will bankrupt America and by the looks of it the bastard is succeeding. We have a far more severe kind of war here at home as opposed to the BS "war on terror" that Bush and his neocon traitor friends have been selling to us all, if the empire will fall it will be from within, just look at the condition this country is in. Pathetic! What the hell happened. The moment this ass hole Bush came into the office everything has gone down hill ever since. This is one cursed motha***r!

 

The monetary costs of WW2 and the Korean War combined were almost double the costs of the two gulf wars. The first Iraq War only cost 7 billion so we can average them out.



The real problems is the US are the 750 billion trade deficit and pork barrel/entitlement spending. Going back to the 1960/1970s liberal policies is no solution.

 

And lets not forget that our allies at the time all but paid for the first Gulf War.

 

Not if you include pre and post spending. Somewhere between Gulf war I and Gulf war II, the Pentagon "lost" over a trillion dollars.

Edit, my bad. It was $2.3 trillion that went missing.

http://youtube.com/watch?v=_rRqeJcuK-A

Everyone still feeling warm and fuzzy about the government managing it's finances properly? Anyone ready to hand over nationalized health care to them?

 

Something has to give.

 

If they were going to run out soon then why USA is planning to stay in Iraq for another 25-40 years in order to protect the oil contracts that oil companies have signed with Iraq government?

 

This is just the start, the situation gets much worse. For those who are interested to make money, it is beginning to be a good time to pick up rental properties in USA. People always need a place to live and with a low prices of real estate you can get a decent rate of return.

 

The situation is completly different
Today we can print money , we can borrow
Today the gov can put $ 600 on your bank acccount, This is virtual money
The unemployment was 25 % under the depression, today only 5.6 %

 

They calculated unemployment much more honestly then.

If this will become a Depression, we are only in the earliest phases. 25% unemployment didn't hit until the Depression was a couple years in IIRC.

As far as printing money, it's the problem. It was the problem during the Depression. Printing money is not creating wealth. It's diluting wealth.

 

The US presence is going to be there to insure that some other middle eastern nutball country does not try to overtake Iraq and destabilize their new country.

We have a constitutional obligation to protect democracy.

 

Yeah because Iraq is pretty stable now, right? LOL

 

The same way that they are protecting democracy in south America by establishing killing squads and training them in torture methods.

Your claims are becoming so ridiculous that it is not even funny any more.

 

The dollar is flexing it's muscles today and I am drinking oil out of gold chalice encrusted with diamonds thanks to LEH* and oil.

*must give shoutouts to WaMu as well, for they are just as riitarded.

 

Because any Canadian with head on their shoulders knows, the US is bad... Meanwhile, back at the League of Justice, GWORLD sits quietly and peacefully in his parents doublewide under the shelter of US protection.

Stop sending people like Pam and Celion down here.. PLEASE.. For the love of God man, stop it!!!

Always speaking in the first person...

Actually, yes.

 

So why are USA troops still dieing there?

And if it's stable, why are the troops still there?

 

Do you realize that more US troops die in non-military combat? Do you realize that more people die in US cities, like Detroit, Chicago, New Orleans, St. Louis, every day than die in Iraq?

Did you realize that more people die every day from drunk drivers in the US than die in Iraq?

Your argument is completely asinine at best.

 

I do realise that, which is why i didn't ask it. I asked if iraq is stable, why are troops still dieing there?

 

The US is stable, and troops still die here.

Crime is under control in major US cities, yet cops still die.

Fires are brought under control, but fire fighters still die.

We're not seeing troops die in large numbers from large scale attacks. We are seeing random acts of violence, and the occasional rocket or IED attack.

Why is it still sunny in Iraq? Why is it still hot in Iraq? Why is the sky blue. How lone is a piece of string.

Did you sign up here to amuse me?