Re: What would you do if crazed fundamentalist republicans took over the country
Enjoy this
http://www.theguardian.com/commentis...animated-video
Quote:
Originally Posted by
Shelf
Keeping on the point of wealth inequality, this vid covers it nicely. The discrepancies between the perceived, actual and ideal scenarios are quite alarming. However, I suspect a survey in the UK would produce similar results ...
Wealth Inequality in America - YouTube
Re: What would you do if crazed fundamentalist republicans took over the country
The last recession, which did explode during the Bush administration, had it's roots in the Clinton administration when the lackey of Wall St. and the big banks, then Treasury secretary Robert Rudin, talked Clinton into signing legislation to de-regulate the banks.
This allowed the banks, for the first time since the Great Depression, to trade financial instruments with their own money and the instruments most frequently traded were the mortgage bonds which ultimately brought the global economy to it's knees.
Please note that Rudin, after leaving his post as Treasury Secretary, went to work for Citi (the worst of the offenders and the bank which required the largest taxpayer bailout) for an annual salary of $20M/yr.
Re: What would you do if crazed fundamentalist republicans took over the country
Sarah Palin ugh man everytime I hear her speak I loose brain cells. But she is a pretty hot bitch to look at as Michelle Bachman is too.
Re: What would you do if crazed fundamentalist republicans took over the country
Quote:
Originally Posted by
trish
The problem is whiny little assholes who selfishly refuse to acknowledge the legitimacy of the legislative process and threaten to ruin our credit and our economy if they can’t get their way by ordinary democratic means.
It is truly ironic that you think going ever deeper into debt is not going to effect the USA's credit rating. At some not very distant point creditors are going to see that they won't ever be paid back.
Take a look at the City of Detroit to see our future.
Re: What would you do if crazed fundamentalist republicans took over the country
What's ironic is that you're blind to the evidence. Our credit rating was triple A even as the debt doubled under Bush. Our credit was lowered the minute it looked like we were going to default on a payment.
I never said we should go deeper into debt. If you can read, you'll find I said we should balance the budget and pay on the debt. But the debt is a long term problem, not an emergency. If you can achieve zero deficits, the debt won't grow. But at the moment recovering from the banking collapse and getting money flowing through the economy is much more important than the debt per se.
Re: What would you do if crazed fundamentalist republicans took over the country
Based on the Fiscal year end of the US Government while President Clinton was in office, the US debt increased every year that he was in office, so he never actually reduced the debt on a fiscal year basis,but he came oh so close. His second term increase in debt on a percentage basis is what almost all Americans could live with.
Re: What would you do if crazed fundamentalist republicans took over the country
Quote:
Originally Posted by
mildcigar_2001
It is truly ironic that you think going ever deeper into debt is not going to effect the USA's credit rating. At some not very distant point creditors are going to see that they won't ever be paid back.
Take a look at the City of Detroit to see our future.
Did you ever stop to ask yourself why it is that the U.S. has unlimited credit?
Quote:
Originally Posted by
Jonny29
Based on the Fiscal year end of the US Government while President Clinton was in office, the US debt increased every year that he was in office, so he never actually reduced the debt on a fiscal year basis,but he came oh so close. His second term increase in debt on a percentage basis is what almost all Americans could live with.
The national debt does not increase simply because the U.S. spends more than it takes in:
First, think of issuing new debt as injecting more money into the system, which essentially it is. Next, the dollar is the world's reserve currency, which means other central banks around the world need to hold a percentage of their reserves in dollars. So, every time a foreign central bank withdraws a dollar from the system (i.e. holds it in their reserve accounts) the U.S. must issue another dollar of debt, otherwise the money supply (and hence, the global economy) would shrink.
Re: What would you do if crazed fundamentalist republicans took over the country
Quote:
Originally Posted by
Silcc69
Sarah Palin ugh man everytime I hear her speak I loose brain cells. But she is a pretty hot bitch to look at as Michelle Bachman is too.
You seriously think Bachmann is attractive? Yikes.
Re: What would you do if crazed fundamentalist republicans took over the country
Quote:
Originally Posted by
Silcc69
Sarah Palin ugh man everytime I hear her speak I loose brain cells. But she is a pretty hot bitch to look at as Michelle Bachman is too.
I, actually, like listening to her. I mean, it's understood that she's telegenic. I, for the most part, don't agree with her. But she's right with respect to President Obama....
Sarah Palin: "How's That Hopey-Changey Stuff Working Out For Ya?" - YouTube
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Re: What would you do if crazed fundamentalist republicans took over the country
Quote:
Originally Posted by
maxpower
You seriously think Bachmann is attractive? Yikes.
Not a fan of hers. But she is physically attractive. Much like Sarah Palin.
