United States Heading towards a Depression?

Can you say that in english?

 

It would seem good for us to go ahead and read that as; "...as a weak and sickly nation", since the very opposite is going to happen if the current economic policies remain in place. The "Breeze way" of thinking is to totally ignore the truth. That is, that debt is killing the economic future and livelihood of future generations of Americans.

How do you ignore the facts Breeze ? I am not going to do it every time you say this crap, but I will say it here again; LINK

A quote from the article :​

The budget was balanced by stealing the money from the American people. I suppose next you will tell us; " But stealing is okay ! " ? Do not take me out of context on that one.



Breeze, you are your own worst enemy here. In a wry ( Will your translator get that one ? ) selection of yours, you chose to show us that the politically correct view of economics is this : Debt = Riches.

Bankers believe that debt equals riches. But what is reality : Debt is debt. ​

Try writing a check larger than the money you have to cover it with and your bank will promptly penalize you. Keep doing it and you could end up in jail.

Breeze, do yourself a favor and do not reply to this post. You are losing. We do not believe you.

 

There were no significant debts the 40 years of Democratic control of Congress that ended with first the Reagan Administration debts then the Gingrich debts both culminating in recessions and the debt amassed by the Bush Administration leading to the 07-09 recession, deepest since the Great Depression.

Republicans have no backbone for the management of gov't and its proper role as the foresight for all its citizenry.

 

Without getting political, answer me ( and anyone reading ) this: Does debt equal riches ? Good luck.


Breeze, you will not care about this link : LINK.


Iceland has already been through their economic crisis. They are now past recovery and are in the black again.
Why ? They let their banks fail.

 

Debt can't equal riches though debt does create riches.

 

http://www.latimes.com/news/nationworld/nation/la-na-obama-guantanamo-20110308,1,939358.story


So funny. How many tax dollars did we waste while BoBo toyed around with moving these trials to the US mainland? How much credibility did he/we lose by first blasting the trials as illegitimate, only to later embrace them as the solution. I'm not sure whether to be happy he has finally started a process to give these people final disposition, or mad he pissed away billions of dollars stalling the process for several years. What an asshat.

 

Seeing you have a choice try 'happy'. It will make you feel good all over and may even start you on the road to a full recovery.

 

For bankers, more than for the general population.

A quote :

Bank debt and public debt are no longer separated in the American Economic System. If they, ( the bankers ) make a mistake, somehow the public must pay for it.

 

Blue Star, We are probably in more agreement than disagreement about debt in general however the use of debit and equity is where we part ways.

Gov'ts role to manage the economy is synonymously equated by both debt and equity in balance for expansion as benefiting for all its citizenry.

The market economy mentality illustrated above is an expense (debt) that is reflective of the previous Administration that a gov't of a free society would not tolerate and has no place in modern society but in the darkest crevice of reactionary dementia - TPA (Tea Parties of America).

 

Breeze, you are aware this is an English only forum?

@BlueStar: This otta cheer you up:

 

So...why are the rich getting richer and the poor getting poorer ? I am glad you are here Breeze, in an opposite sort of way.

 

Nah, not much. It represent what Breeze is preaching; Socialism. People are deciding to let the world decide their future for them. It is lazy, self-demeaning and gives a signal to tyrants to keep up what they have been doing.

 

Look at it this way. We spend 4.3% of our GDP on our military, which makes up around 30% of our federal budget. When our welfare state spending matches that of Europe, our 4.3% of GDP military budget will no longer be sustainable. That leaves several possible outcomes:

1) We curtail welfare state spending and maintain our military
2) We curtail the military spending like Europe has, and await the world war which will begin within 5-10 years of that date.
3. We try to sustain the unsustainable, suffer downgrades on our bonds, devalue our currency, and turn into a third world nation.

We have enough people dependent on Govt welfare now to make option #1 nearly impossible. Given that Military spending is government spending, I don't see option #2 being viable. To me, that leaves option #3 as a foregone conclusion.

When those bonds get downgraded and our currency becomes nearly worthless overnight, it will be interesting to see what type of financial gymnastics we are willing to do at that point. Will it be to step away from socialism related debt and regain our footing, our molder away in mediocrity?

 

Or:

4) Let the banks fail, like Iceland just got through doing.

 

Considering the real estate price bubble contributed to the average person's wealth status and still pours billions into government coffers, let alone home-owners using their new-found equity to create more wealth. What do you think letting banks fail will do to house prices and what effect will that have on your economy or the average American's wealth?

From what I hear many Americans are already stuck with paying 'now excessive' loans for property previously valued much higher. I would think that could only get worse if people can't borrow to keep paying such high prices. Now that all else has risen, climbing back to the top will be too hard to acheive for most and the middle-income earner could disappear.

 

The gratitude by the above participants for reversing the Republican catastrophe, the 07-09 Recession is simply overwhelming - or their gloom and doom for failing to drive the country into a Depression is the reason anyone should now be willing to listen to their prognostications for the Future?

 

Run-on sentence

 

Breezie, if you just tighten your tinfoil hat you'll stop getting those messages "from above". Okey dokey? Either you meant that, or your "from above" response is your complete and total surrender of any possible logic in any of your arguments.

BTW, I've been trying to find the figure of how much of our dollars go towards RUNNING the government - that is, what it costs to keep the lights on, pay government salaries & expenses, etc. It would basically be everything EXCEPT the cash & services the government gives to non-government workers, such as Social Security, Welfare, Unemployment, the Military, the internet, Post Office, etc. I even called my Congressperson.

It seems that this figure doesn't exist, because it is a part of all spending and not broken out.

Used to be the government served the people. Now, it feels like it's the other way around.

 

Madoff: "US is a Ponzi scheme"

[video=youtube;JLx5BwebIDo]http://www.youtube.com/watch?v=JLx5BwebIDo[/video]

 

Free madoff.