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01-15-2011, 04:27 PM
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Senior Member
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Join Date: May 2009
Posts: 10,348
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Live rich and die poor.
As much as I'd like to see spending brought under control, I'm afraid at this point we have no alternative but to go all in.
And unless the international monetary system is somehow reformed, it probably doesn't matter.
After all, it was designed by the rich to not only screw, but control the poor.
Chas
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01-15-2011, 05:56 PM
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Abby Normal
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Join Date: May 2009
Posts: 11,245
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Quote:
Originally Posted by Charles
Live rich and die poor.
As much as I'd like to see spending brought under control, I'm afraid at this point we have no alternative but to go all in.
And unless the international monetary system is somehow reformed, it probably doesn't matter.
After all, it was designed by the rich to not only screw, but control the poor.
Chas
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completely correct IMHO
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01-15-2011, 05:59 PM
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Abby Normal
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Join Date: May 2009
Posts: 11,245
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Quote:
Originally Posted by BlueStreak
The real controversy behind it all is; What do you cut?
Dave
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Cut??? I think the real controvery behind trhis is when do we get serious with taxes?
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01-15-2011, 06:20 PM
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Senior Member
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Join Date: May 2009
Location: SF east bay
Posts: 4,455
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I don't see spending out of control near as much as we keep decreasing tax revenue to the point of even being so f**king stupid as to borrow tax relief for those who do not need it nor will spend it to improve the economy. Tip of the iceberg there. We will have no future by not educating our young on a level with the rest of the developed world but budget cuts aren't going to make us more competitive in the job market that way too.
But at least our rich are richer than they have ever been and we fall all over ourselves worshipping them and sacrificing our future for them.
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01-15-2011, 06:55 PM
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Loyal Opposition
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Join Date: Oct 2009
Location: Johnson County, Kansas
Posts: 14,401
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Quote:
Originally Posted by CarlV
I don't see spending out of control near as much as we keep decreasing tax revenue to the point of even being so f**king stupid as to borrow tax relief for those who do not need it nor will spend it to improve the economy. Tip of the iceberg there. We will have no future by not educating our young on a level with the rest of the developed world but budget cuts aren't going to make us more competitive in the job market that way too.
But at least our rich are richer than they have ever been and we fall all over ourselves worshipping them and sacrificing our future for them.
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QFT
Regards,
D-Ray
__________________
Then I'll get on my knees and pray,
We won't get fooled again; Don't get fooled again
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01-15-2011, 07:49 PM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Quote:
Originally Posted by finnbow
But it's our debt and by borrowing it we, as a nation, promised to pay it back.
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A proposition that seems more tenuous every day, as our creditors every so often try to remind us. With a budget in 2010 of $3.5 trillion, only about 4.5% went to paying interest on the debt. We're not making any effort to pay down principal. How much longer do you suspect this scenario is sustainable? Maintaining the debt ceiling is not symbolic. It is a step towards forcing some tough choices that will need to be made to get our fiscal house in order.
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01-15-2011, 07:54 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,897
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Are you suggesting that it's a good thing if we go into default?
__________________
As long as the roots are not severed, all will be well in the garden.
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01-15-2011, 08:27 PM
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Abby Normal
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Join Date: May 2009
Posts: 11,245
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Quote:
Originally Posted by finnbow
Are you suggesting that it's a good thing if we go into default?
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His position on this is ludicrous and juvenile, like a kid that hurts himself when he can't get his way.
Nothing of substance, just an emotionally immature response.
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01-15-2011, 09:01 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,897
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It would be interesting to hear this issue discussed on its merits (if there are any). I admit a strong bias against it in that it is supported by the Teabaggers and those who insisted upon extending the Bush tax cuts (itself a significant factor in our accrued debt).
__________________
As long as the roots are not severed, all will be well in the garden.
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01-15-2011, 09:06 PM
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Area Man
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Join Date: Oct 2009
Location: The Swamp
Posts: 27,407
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Quote:
Originally Posted by finnbow
Are you suggesting that it's a good thing if we go into default?
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"Let it Fail!", Finn. It struck me as interesting when I first heard this mantra being espoused by right-wing pundits so wealthy that they would never miss a meal in a failed America. To me it demonstrated the depth of their concern for the common American. Which is about as thick as the paper this is printed on.
Funny thing is that so many still think that there could be a painless solution..........
Raise taxes, cut programs such as SS or Medicare, or just let the system collapse.......Massive pain to be felt, but little of it to be felt by the Plutocracy. You could strip a billionaire of 99.9% of his wealth and he will still not go hungry. Far from it. Ponder that for a while.
One thing is for sure, no matter how you slice it, none of the bleeding will be blue blood, it will be ours.
Dave
__________________
"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
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