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many Americans are the worst with money...this is a crisis in the US

Discussion in 'Politics & Religion' started by DharmaSeo, Mar 27, 2008.

  1. bogart

    bogart Notable Member

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    #461
    On the other hand all the spending gives the US the largest economy in the world. :)
     
    bogart, Jun 21, 2008 IP
  2. wisdomtool

    wisdomtool Moderator Staff

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    #462
    A debt fueled economy can't really last long. You have to pay what you borrowed, it is only a matter of time before the deficit bubble burst. Hopefully the next President is smart enough to cut down on the deficit.

     
    wisdomtool, Jun 21, 2008 IP
  3. bogart

    bogart Notable Member

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    #463
    The President really doesn't have the power that people think. The most a President can do is veto legislation and issue executive orders. The US Congress can over-ride a veto with a 2/3 majority and can run the country in effect without the President.

    The uncontrolled spending is coming from Congress and people expect the government to provide for them. However, the same people do not realize the situation that they are creating or they don't care. When the deficit bursts they were be a lot of pain.
     
    bogart, Jun 21, 2008 IP
  4. wisdomtool

    wisdomtool Moderator Staff

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    #464
    It depends on the balance of power in the Congress and Senate, at this moment both parties are more or less equal so yes, you are right to say that. But the threat of a veto can sometimes result in a better and more advantageous compromise.

    By the way it is good that the Presidency does not carry with it too much power. Imagine if Bush has absolute power. I can't really fathom the effects of that. Some checks are essential.

     
    wisdomtool, Jun 21, 2008 IP
  5. guerilla

    guerilla Notable Member

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    #465
    Technically, this is correct.

    However, Bush and Clinton have written or amended policy with their Presidential Signing statements, and the President tends to run the various government departments by executive order fiat.

    The uncontrolled spending originates in Congress, but the President accommodates it. Go back 100 years ago, and Presidents would veto money grabs left and right. They were actually hostile to lazy and corrupt Congresses. Today, the President is an enabler of the graft.

    One of my favorite Presidents was Calvin Coolidge. He was for laissez-faire and made heavy use of the Veto Pen.
     
    guerilla, Jun 21, 2008 IP
  6. bogart

    bogart Notable Member

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    #466
    The Federal Government has gotten so big and there are so many mandates that executive order has become a necessary evil.

    Another thing that limits what a President can do for the economy are the States. The 50 States are also spending money like there is no tomorrow.

    Calvin Coolidge was a good President. We need another one like him. Whatever happened to running the country in the best way possible? Nowadays it's all about pledging to spend trillions of dollars of taxpayer money.
     
    bogart, Jun 21, 2008 IP
  7. guerilla

    guerilla Notable Member

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    #467
    Tyrannies require necessary evil. The Federal government needs an enema.

    The states can't spend like the government. The states can't monetize their debt, and they get a lot of stress if they implement new, or raise existing, taxes.

    Much of the debt burden on the states, are federal mandates, that are unfunded at the federal level. Like No Child Left Behind.

    Well, technically the President is Mr. President, not the Commander in Chief. We're not led by one person, the Founders did not construct the system that way. The President is the C-i-C when we're at war, not when we are at peace. Of course, we are currently under 14 states of emergency (these are all active, and were signed for extension by Bush).

    Western Balkans – "(i) extremist violence in the Republic of Macedonia and elsewhere in the Western Balkans region, or (ii) acts obstructing implementation of the Dayton Accords in Bosnia"

    Former Liberian regime of Charles Taylor – "blocking of property of certain persons associated with the former Liberian regime of Charles Taylor"

    Terrorism – after 9/11 "constitute an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States" [Note: Current Homeland Security position: "At this time there is no credible information warning of an imminent, specific threat to the homeland."]

    Colombian Narcotics Traffickers – "to deal with the unusual and extraordinary threat to the national security, foreign policy, and economy of the United States constituted by the actions of significant narcotics traffickers centered in Colombia"

    Democratic Republic of the Congo – "blocking the property of certain persons contributing to the conflict in that country"

    Sudan – "the unusual and extraordinary threat to the national security and foreign policy of the United States constituted by the actions and policies of the Government of Sudan"

    Iran – "the unusual and extraordinary threat to the national security, foreign policy, and economy of the United States constituted by the situation in Iran"

    Weapons of mass destruction – "the unusual and extraordinary threat to the national security, foreign policy, and economy of the United States posed by the proliferation of nuclear, biological, and chemical weapons "weapons of mass destruction" and the means of delivering such weapons"

    Middle East Terrorists – "the unusual and extraordinary threat to the national security, foreign policy, and economy of the United States constituted by grave acts of violence committed by foreign terrorists who threaten to disrupt the Middle East peace process"

    Cote d'Ivoire – "blocking the property of certain persons contributing to the conflict in Côte d'Ivoire"

    Cuba – "to address the disturbance or threatened disturbance of international relations caused by the February 24, 1996, destruction by the Cuban government of two unarmed U.S.-registered civilian aircraft in international airspace north of Cuba"

    Syria – "the Government of Syria continues to engage in certain conduct that formed the basis for the national emergency declared in Executive Order 13338 of May 11, 2004, including but not limited to undermining efforts with respect to the stabilization of Iraq"

    Zimbabwe – "blocked the property of persons undermining democratic processes or institutions in Zimbabwe"

    Burma – "additional steps with respect to the national emergency declared in Executive Order 13047 of May 20, 1997"

    These are the fourteen US "national emergencies" that George W. Bush has annually renewed with his signature within the past year, without a peep from Congress. Now obviously these are not truly national emergencies. They are fakes, dictated by a phony President, acceded to by a rubber-stamp Congress and abetted by a dictator-loving Supreme Court. The United States is in no way extraordinarily threatened by the Government of Sudan. But these Presidential decrees do have some purposes, don't they? First, they are ploys to give the US government some power it wouldn't ordinarily have. Secondly, they are meant to frighten US citizens about terrorism, among other things. (Terror means fright and the goal of terrorists is to frighten, so what does that tell you?) Thirdly, they might provide a President, a "Decider," some basis for military or other action against US citizens. Okay, not under a Balkans or Liberian "national emergency," but how about WMD or terrorism? Or Iran?

    Fourteen (not exactly) US national emergencies. Sleep on, America.

    http://www.lewrockwell.com/orig9/bacon3.html

    ~
     
    guerilla, Jun 21, 2008 IP