Home |
Search |
Today's Posts |
|
Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work. |
Reply |
|
LinkBack | Thread Tools | Display Modes |
#1
Posted to rec.crafts.metalworking
|
|||
|
|||
The US debt Delima
This was a shock! Now I understand why the budget hasn't been balanced yet. It has nothing to do with desire or will power. It has everything to do with simple arithmetic. You have to bring in more that goes out. And we don't. This one is going out to everybody I know... And some who may not have heard from me in a while. (including several Congressmen's offices) It's that important. Hang on. Richard http://www.youtube-nocookie.com/embed/EW5IdwltaAc?rel=0 This e-mail is a short video discussing the US Budget Dilemma. I believe every voter should watch this so as to be informed on the Central Issue facing our country. It is neither pro Democrat nor pro Republican, it is simply a statement of facts. It can't be explained any better or simpler than this . http://www.youtube-nocookie.com/embed/EW5IdwltaAc?rel=0 |
#2
Posted to rec.crafts.metalworking
|
|||
|
|||
The US debt Delima
Richard wrote: This was a shock! Now I understand why the budget hasn't been balanced yet. Actually, it sounds like you don't have a clue. “All the perplexities, confusions, and distresses in America arise, not from defects in their constitution or confederation, not from a want of honor or virtue, so much as from downright ignorance of the nature of coin, credit, and circulation.” —John Adams, 1787 |
#3
Posted to rec.crafts.metalworking
|
|||
|
|||
The US debt Delima
On 8/28/2012 3:38 AM, jim wrote:
Richard wrote: This was a shock! Now I understand why the budget hasn't been balanced yet. Actually, it sounds like you don't have a clue. “All the perplexities, confusions, and distresses in America arise, not from defects in their constitution or confederation, not from a want of honor or virtue, so much as from downright ignorance of the nature of coin, credit, and circulation.” —John Adams, 1787 He was talking about you. |
#4
Posted to rec.crafts.metalworking
|
|||
|
|||
The US debt Delima
On 8/28/2012 5:38 AM, jim wrote:
Richard wrote: This was a shock! Now I understand why the budget hasn't been balanced yet. Actually, it sounds like you don't have a clue. You are right. I didn't have the first clue that this was where we were. |
#5
Posted to rec.crafts.metalworking
|
|||
|
|||
The US debt Delima
On 8/28/2012 8:33 AM, Richard wrote:
On 8/28/2012 5:38 AM, jim wrote: Richard wrote: This was a shock! Now I understand why the budget hasn't been balanced yet. Actually, it sounds like you don't have a clue. You are right. I didn't have the first clue that this was where we were. chortle Good one! But I doubt it will shut him up, even though it should. |
#6
Posted to rec.crafts.metalworking
|
|||
|
|||
The US debt Delima
On 8/28/2012 10:38 AM, George Plimpton wrote:
On 8/28/2012 8:33 AM, Richard wrote: On 8/28/2012 5:38 AM, jim wrote: Richard wrote: This was a shock! Now I understand why the budget hasn't been balanced yet. Actually, it sounds like you don't have a clue. You are right. I didn't have the first clue that this was where we were. chortle Good one! But I doubt it will shut him up, even though it should. |
#7
Posted to rec.crafts.metalworking
|
|||
|
|||
The US debt Delima
Richard wrote: On 8/28/2012 5:38 AM, jim wrote: Richard wrote: This was a shock! Now I understand why the budget hasn't been balanced yet. Actually, it sounds like you don't have a clue. You are right. I didn't have the first clue that this was where we were. That is pretty sad. It took decades of doing the same thing to get here. The US debt situation is far better than it was 4 years ago. Had things continued the way they were going the total US debt would be close to $80 trillion by now (close to 500% of GDP). Instead the total US debt is only $53 trillion. That will still take decades to climb out of that hole but at least the US has stopped digging. http://tinyurl.com/3p24jpy http://comstockfunds.com/files/NLPP00000/530.pdf |
#8
Posted to rec.crafts.metalworking
|
|||
|
|||
The US debt Delima
On 8/28/2012 12:02 PM, jim wrote:
Richard wrote: On 8/28/2012 5:38 AM, jim wrote: Richard wrote: This was a shock! Now I understand why the budget hasn't been balanced yet. Actually, it sounds like you don't have a clue. You are right. I didn't have the first clue that this was where we were. That is pretty sad. It took decades of doing the same thing to get here. The US debt situation is far better than it was 4 years ago. Had things continued the way they were going the total US debt would be close to $80 trillion by now (close to 500% of GDP). Instead the total US debt is only $53 trillion. That will still take decades to climb out of that hole but at least the US has stopped digging. You didn't look, did you. Well, I guess that's to be expected... |
#9
Posted to rec.crafts.metalworking
|
|||
|
|||
The US debt Delima
Richard wrote: On 8/28/2012 12:02 PM, jim wrote: Richard wrote: On 8/28/2012 5:38 AM, jim wrote: Richard wrote: This was a shock! Now I understand why the budget hasn't been balanced yet. Actually, it sounds like you don't have a clue. You are right. I didn't have the first clue that this was where we were. That is pretty sad. It took decades of doing the same thing to get here. The US debt situation is far better than it was 4 years ago. Had things continued the way they were going the total US debt would be close to $80 trillion by now (close to 500% of GDP). Instead the total US debt is only $53 trillion. That will still take decades to climb out of that hole but at least the US has stopped digging. You didn't look, did you. Well, I guess that's to be expected... I did look. That link has been posted before. There is nothing new in that video. Its a tragedy that you and others didn't know the facts he presented. But the conclusion he draws from the facts is baloney. The current economic problems was created by 60 years of runaway private sector debt. The govt debt isn't the problem. The problem is a technically insolvent private sector. The capital and assets of the private sector simply are not worth in real value what the private sector owes in debt. And that simple fact will be revealed to one and all when Congress tries to reduce the deficit. The current choices are simple the govt can stop borrowing the funds the private sector is devoting to repaying debt and force more than 50% of households and businesses into bankruptcy or the govt can continue to borrow what the private sector is currently under-spending and allow the private sector to continue to delever and repair their balance sheets. http://static.cdn-seekingalpha.com/u...hael-Clark.png |
#10
Posted to rec.crafts.metalworking
|
|||
|
|||
The US debt Delima
"Richard" wrote in message m... This was a shock! Now I understand why the budget hasn't been balanced yet. It has nothing to do with desire or will power. It has everything to do with simple arithmetic. You have to bring in more that goes out. And we don't. This one is going out to everybody I know... And some who may not have heard from me in a while. (including several Congressmen's offices) It's that important. Hang on. Richard http://www.youtube.com/watch?v=J6TcpfBHlbs |
#11
Posted to rec.crafts.metalworking
|
|||
|
|||
The US debt Delima
On 8/28/2012 7:44 PM, jim wrote:
The current economic problems was created by 60 years of runaway private sector debt. The govt debt isn't the problem. You are exactly right. But they are still the current problems. The ones we are trying so hard not to deal with. The current choices are simple the govt can stop borrowing the funds the private sector is devoting to repaying debt and force more than 50% of households and businesses into bankruptcy or the govt can continue to borrow what the private sector is currently under-spending and allow the private sector to continue to delever and repair their balance sheets. Either way, the government winds up bankrupt. Remember Greece? |
#12
Posted to rec.crafts.metalworking
|
|||
|
|||
The US debt Delima
Brief, but interesting video. Thanks for posting.
Christopher A. Young Learn more about Jesus www.lds.org .. "Richard" wrote in message m... This was a shock! Now I understand why the budget hasn't been balanced yet. It has nothing to do with desire or will power. It has everything to do with simple arithmetic. You have to bring in more that goes out. And we don't. This one is going out to everybody I know... And some who may not have heard from me in a while. (including several Congressmen's offices) It's that important. Hang on. Richard http://www.youtube-nocookie.com/embed/EW5IdwltaAc?rel=0 This e-mail is a short video discussing the US Budget Dilemma. I believe every voter should watch this so as to be informed on the Central Issue facing our country. It is neither pro Democrat nor pro Republican, it is simply a statement of facts. It can't be explained any better or simpler than this . http://www.youtube-nocookie.com/embed/EW5IdwltaAc?rel=0 |
#13
Posted to rec.crafts.metalworking
|
|||
|
|||
The US debt Delima
Does anyone know? How much of that social security monies goes to people who
didn't pay in, or who are border crossing criminals? Same question for Medicare. How much is spent on border crossing criminals? Christopher A. Young Learn more about Jesus www.lds.org .. "Richard" wrote in message m... This was a shock! Now I understand why the budget hasn't been balanced yet. It has nothing to do with desire or will power. It has everything to do with simple arithmetic. You have to bring in more that goes out. And we don't. http://www.youtube-nocookie.com/embed/EW5IdwltaAc?rel=0 |
#14
Posted to rec.crafts.metalworking
|
|||
|
|||
The US debt Delima
Richard wrote: On 8/28/2012 7:44 PM, jim wrote: The current economic problems was created by 60 years of runaway private sector debt. The govt debt isn't the problem. You are exactly right. But they are still the current problems. The ones we are trying so hard not to deal with. Yes you appear desperately trying to avoid looking at the real problem. The current choices are simple the govt can stop borrowing the funds the private sector is devoting to repaying debt and force more than 50% of households and businesses into bankruptcy or the govt can continue to borrow what the private sector is currently under-spending and allow the private sector to continue to delever and repair their balance sheets. Either way, the government winds up bankrupt. Remember Greece? Yes Greece is not a sovereign nation. Greece is just like the US private sector it can go bankrupt. The US govt is sovereign and can't go bankrupt by definition. Of course, the US could agree to give up its sovereignty and join the EU. Then it would be just like Greece. Reducing the deficit will make the US dollar worth more. Right now, That is not a good thing. As it makes the private debt problem much worse. In 1933 Irving Fisher described exactly what happened in 2008 and it will happen again when Congress tries to reduce the deficit. ++++++++++++++++++++++++++++++++++++++++++++++++++ ++++++++ Each dollar of debt still unpaid becomes a bigger dollar, and if the over-indebtedness with which we started was great enough, the liquidation of debts cannot keep up with the fall of prices which it causes. In that case, the liquidation defeats itself. While it diminishes the number of dollars owed, it may not do so as fast, as it increases the value of each dollar owed. Then, the very effort of individuals to lessen their burden of debts increases it, because of the mass effect of the stampede to liquidate in swelling each dollar owed. -Irving Fisher, The Debt Deflation Theory of Great Depressions, 1933. http://fraser.stlouisfed.org/docs/meltzer/fisdeb33.pdf ++++++++++++++++++++++++++++++++++++++++++++++++++ ++++++++ The US govt can bear the burden of any amount of debt. The only issue with govt borrowing is how much inflation it causes. Since WW2 the driving force of inflation has been excessive private sector borrowing. That force is now gone. When the govt stops borrowing you will see massive disinflation. That is, a a collapse in prices just as in the fall of 2008. And no the private sector cannot go back to borrowing like it was 2007. The egg has now been scrambled it cannot be unscrambled. |
#15
Posted to rec.crafts.metalworking
|
|||
|
|||
The US debt Delima
On 8/29/2012 7:46 AM, Stormin Mormon wrote:
wrote in message m... This was a shock! Now I understand why the budget hasn't been balanced yet. It has nothing to do with desire or will power. It has everything to do with simple arithmetic. You have to bring in more that goes out. And we don't. http://www.youtube-nocookie.com/embed/EW5IdwltaAc?rel=0 Does anyone know? How much of that social security monies goes to people who didn't pay in, or who are border crossing criminals? Same question for Medicare. How much is spent on border crossing criminals? Christopher A. Young Learn more about Jesus www.lds.org . I've never seen anything that breaks it down that way. If there is, it's hidden so deep it will never see the light of day. |
Reply |
Thread Tools | Search this Thread |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Forum | |||
The Mortgage Forgiveness Debt Relief Act and Debt Cancellation | Home Ownership | |||
Debt vs GDP | Electronic Schematics | |||
Dead Car Debt | Home Ownership | |||
Radiant barrier delima | Home Repair | |||
mounting delima | Woodworking |