United States Heading towards a Depression?

Does this guy every have anything to say that has relevance to a particular topic?

And the last person to sign up using that Coupon listed this thread as the "where they heard about us" at the time of sign up. Thanks man!

Bush caused the Civil War too... Hey, what's with all this Lizard talk again?

Near 60% of the pie goes to social programs that are bankrupting the country. This stuff was in place long before Bush.

Sometimes I think you liberals are happy Bush was elected. If not, you'd have no one to blame for your own misconstrued concept of reality.

Good lord, this explains everything now.

 

You are so out of touch with reality it boggles the mind.

John Dingell as early as last fall proposed a 50 Cent/gal hike in the gas tax.

Hell, just a couple of weeks ago he proposed this 50 cent a gallon increase again! In fact, both Hillary Clinton and Barack Obama support energy tax increases on consumers, though they are not making it in an issue during the election.

No one needs a crystal ball to see the here and now. We live in the present? Where do you live?

 

Are you talking about you and your crystal ball or just you and your other self?

 

In your native tongue:

What was your point again?

 

Exactly!!! Totally and utterly clueless. Ignorance is bliss.

 

That is what I thought.. Thank you for being honest for a change.

 

Didn't Bush add a drug program? No Child Left Behind? Who has blown a trillion dollars on a war against 19 hijackers that committed suicide before it started?

Btw, as covered numerous times, the numbers you use do not include discretionary spending, which is off the charts. We were in massive trouble before Bush got in. Bush has made it much worse.

Ad Hominem attack by a respondent incapable of forming a position worth defending. Or as I've been calling it, more "reich wing anti-intellectualism". The art of covering a lack of reasoned, intelligent positions with name calling and personal attacks.

It's laughable that you would call me a liberal. Your conservatism is the Sean Hannity, Bill O'Reilly angry fanaticism that likes to call itself conservatism, but is really just liberal and fascism.

 

If you actually take time to look at the federal budget you would see that two thirds of it falls under programs already mandated by Congress, including Social Security, Medicare, unemployment compensation and the payment of interest on the burgeoning national debt.

The war is but a drop in the bucket in the overall scheme of things.. For some reason you liberals seem to think that the war is the cause for all the spending in Washington. Nothing could be further from the truth.

If you really think that money has been "blown" on defending our nation from terrorism, God help you.

 

As credit turmoil grows, U.S. heads for recession

The IMF said US growth will be at a sub-par 0.5 percent this year and 0.6 percent in 2009

IMF expects U.S. house prices to drop in the order of 14 to 20 percent to the end of 2008.

http://news.yahoo.com/s/nm/20080409/bs_nm/imf_dc

 

Goldman Sachs Level 3 Assets Jump, Exceeding Rivals'

Level 3 is quite stupid. And the banks are even dumber.

LIBOR rate is on it's way back to what it was right before the Bear Stearns crash, and there was some large volume with a sell off at the end of the day in the worst of the worst when it comes to banks. It won't surprise me if one of these scummy ass banks miss payroll payments or something absurd like that. Especially when they are recording gains because they are edging closer to insolvency. Ridiculous.

And to go with this the Yen is strengthening. Cool.

Oh, and we could possibly have a nice hit to bonds, a pretty hard one.

 

@Mia - Big kids understand the idea of discretionary spending (not in the budget). Btw, you never did reply, did Daddy Bush setup a drug plan, no child left behind etc? Of course he did. Bush is a big government conservative, a bigger spender than Clinton.

As far as the war, what can be tracked (and this again are only the direct costs) is $600 billion. You may call that is a drop in the bucket, but it's actually around 7% of the national debt. It costs over $20 billion per year in interest to service.

Again, these are the direct war costs only, and they are "to date".

And yes, I think a ton of that money has been blown and many lives sacrificed carelessly. The 19 men who attacked us, killed themselves. Terrorism is a crime, not an act of war. We could have put $20 billion on Bin Laden's head and every Mercenary and Security firm on the planet would be hunting him down. Instead, we're over 4,000 dead, 20,000+ wounded, and based on projections between $1 and $3 trillion out of pocket. Not to mention we've squandered most of our international goodwill, and managed to piss off a lot more people at us. Oh, and Bin Laden is still free, and Iraq had nothing to do with 9/11.

As far as referring to me as a liberal, that's just more weak ad hominem attacks from you. I'd like to see the Dept. of ED shut down, the 16th and 17th Amendment repealed, and an end to all entitlement programs. I'm more conservative than a fake Hannity neocon like you!

 

You guys need to read this a few times.

http://online.wsj.com/article/SB120768896446099091.html

I've read it 3 times and I'm still not sure I fully understand everything they are talking about doing, although the idea of the FED creating it's own debt is terrifying.

 

It seems to mean the Fed is on the verge of insolvency unless some laws are passed which increase the Feds mandate and abilities.

Either that or it could continue to run as long as it doesn't bail out any more banks etc.

 

Level 3 assests are crazy

That's why bear sstearns went down in flames

The Fed is becoming more powerful than the President and Congress

'the Fed is leery of depending on action by Congress'

http://online.wsj.com/article/SB120768896446099091.html

The Fed can alsways print more money until there is a dollar crash

 

Fed is subject to credit laws like any other institution and it's ability to borrow money depends on how trust worthy the lender think feds are. If borrower get worried about FED credibility, they will not lend money to them. FED have found a way around it, instead of borrowing in their own name, they want the treasury to borrow money for them since people will lend money to treasury because it is backed by US government and income from all the taxes collected in USA. In a way, it is like you want to borrow money to buy a house but banks don't like your credit rating, so you convince a rich uncle to borrow the money in his name and you will pay the payments. If you pay it will be fine but if you don't it will be your uncle who is in trouble.

In short, if FED fails, American tax payers will get stuck with the bill.

 

This is were we are completely different. I think about the 3,000 killed in the towers as being more important than the 19 fundamentalists. And it is an act of war, not just a crime. You probably don't know how to calculate this since it isn't an act of war by a country, but by a group of people scattered throughout a number of countries.

 

IF we let an act of terrorism go unpunished, we would be like a number of other countries right now who face terrorism on a frequent basis. The nice thing is we have the evidence before us to base this on. Plenty of countries took terrorism as you want us to take it and so they keep on taking it....

Some times you have to deal with issues instead of cover them up or call them some name to make them look not so bad. They do this in psychology so people never DEAL with the problem, just label them as something that can't be dealt with.

I see that as a basic liberal fundamental. To name your problems instead of dealing with them, that way you don't have to take responsibility, but can blame instead.

 

Like what countries? The only thing that attacking Iraq proved behind a shadow of doubt is that US military is a paper tiger which can not even defeat and control a relatively small country like Iraq.