NationStates Jolt Archive

http://www.cnsnews.com/ViewNation.asp?Page=\Nation\archive\200511/NAT20051104b.html

Think about this. Yes, Congress passes the budget (at the administration's suggestion, which then has to be signed by the president. More and more of your tax dollars will be spent on interest, to be spent on nothing, really, but fattening the purse of a foreign nation at our expense.

Well, the chinese have been real intrested in buying American debt. They're trustworth folks, right?

Well, the chinese have been real intrested in buying American debt. They're trustworth folks, right?

I hope your not implying something...

Well, the chinese have been real intrested in buying American debt. They're trustworth folks, right?
Of course the PRC is the greatest thing for the Universe and everyone! Why else would they have Most Favoured Trading Status?

The Bush administration's central operating principle appears to be, "If it doesn't work, do more of it!"

Excessive spending isn't balancing the budget? Then spend more! Tax cuts aren't helping balance the budget either? Then obviously the solution is more tax cuts! Invading Iraq hasn't made the world a safer place? Then invade Syria! Or Iran! Or - hell, it doesn't matter, just invade someplace else until the problem is solved!

Here's an idea: If something doesn't work, try something else! But no, that's "flip-flopping" and "waffling", which are bad! So damn the interest payments, spend more! Tax less!

Here's hoping that the American people try something different for the next president. I'm not holding my breath, though.

:rolleyes:

The Bush administration's central operating principle appears to be, "If it doesn't work, do more of it!"

Excessive spending isn't balancing the budget? Then spend more! Tax cuts aren't helping balance the budget either? Then obviously the solution is more tax cuts! Invading Iraq hasn't made the world a safer place? Then invade Syria! Or Iran! Or - hell, it doesn't matter, just invade someplace else until the problem is solved!

Here's an idea: If something doesn't work, try something else! But no, that's "flip-flopping" and "waffling", which are bad! So damn the interest payments, spend more! Tax less!

Here's hoping that the American people try something different for the next president. I'm not holding my breath, though.

:rolleyes:

LOL hit the nail on the head. Personally the fact my dad *cough cough* is planning on voting democrats next year means big big problems for the Republicans. My dad is probably the most evil banker on earth who believes communism sucks because its more fun to control people's cash deposits than there mind and body. Lol I love my dad though but the fact that he's never voted democrat the last 20 years show how bad the Republican state is.

I hope your not implying something...

Tsk! Of course not. I never imply. I was inferring something.

According to the Treasury Department, from 1776-2000, the first 224 years of U.S. history, 42 U.S. presidents borrowed a combined $1.01 trillion from foreign governments and financial institutions, but in the past four years alone, the Bush administration borrowed $1.05 trillion

Thats pathetic.

Once again Bush has defied all logic. How do you borrow that much in 5 years on 2 wars when 42 other presidents couldnt borrow that much combind?

Anyone else think the entire administration needs to be replaced?

Tsk! Of course not. I never imply. I was inferring something.

Thank you :D being a Chinese/American is starting to be tough as I get bullied by the "popular kids" for being a *cough cough* communist spy. I'm starting to get overly paranoid because there are so many asses in my school.

Thats pathetic.

Once again Bush has defied all logic. How do you borrow that much in 5 years on 2 wars when 42 other presidents couldnt borrow that much combind?

Anyone else think the entire administration needs to be replaced?

Unfortunetely the person in the most important job in America can't be fired... we have to find some type of deal he's done and then use it to impeach his ass...

Tsk! Of course not. I never imply. I was inferring something.

Actually YOU were implying something, and the person responding inferred.

Common mistake.

Carry on.

Seriously, I'm not insinuating anything.

Actually YOU were implying something, and the person responding inferred.

Common mistake.

Carry on.

Seriously, I'm not insinuating anything.

LOL, yeah right someone is cheering the words "fight fight" over his keyboard :D

Unfortunetely the person in the most important job in America can't be fired... we have to find some type of deal he's done and then use it to impeach his ass...
Has anyone tried to fire him yet? I mean if we got him alone in a room without Cheney... he's likely to believe that he is fired.

And the best thing is...the next election will be won by Republicans who then have to raise taxes, take that trillion dollars from your pockets and that will destroy the "Democrats: Tax Hikes!" and "Republicans: Tax Cuts!" forever...

Actually YOU were implying something, and the person responding inferred.

Common mistake.

I see. I've always wondered what the difference was.

Thank you :D being a Chinese/American is starting to be tough as I get bullied by the "popular kids" for being a *cough cough* communist spy. I'm starting to get overly paranoid because there are so many asses in my school.

Pretend you know some form of martial art. Everybody knows that someone of asian heritage is automatically a blackbelt in some martial art.

Pretend you know some form of martial art. Everybody knows that someone of asian heritage is automatically a blackbelt in some martial art.

Either that, or pretend that you have the Avian flu.

Unfortunetely the person in the most important job in America can't be fired... we have to find some type of deal he's done and then use it to impeach his ass...

Lying to the country? Falsifying election results? General incompetence? Manslaughter of over 2,000 Americans and 30,000-35,000 Iraqis, not to mention accessory to causing severe bodily injury to 25,000 Americans and an unknown number of Iraqis? That last one's gotta count for something. Is manslaughter an impeachable offense?

If liberals are 'tax and spend,' what does that make conservatives? 'Spend and spend?' Contrary to the fond dreams of libertarians and conservatives, taxes are going to have to be raised to pay off these debts. The reason the debts have to be paid (besides national security, as we're basically entrusting our economy in the hands of Saudi Arabia and China) is that pretty much the only thing backing up the dollar is the US government's promise to pay off all debts incurred. The dollar, in turn, is the basis of the rest of the world's currency, so if the US is forced to declare bankruptcy... Well, it won't be pretty.

For the sake of the world and generations to come, get this idiot out of office. Not before Cheney is removed, though; if Bush is impeached, Cheney becomes president, and even Bush is better than him.

I found this bit near the end most interesting:

"No American political leadership has ever willfully and deliberately mortgaged our country to foreign interests in the manner we have witnessed over the past four years," said Tanner. "If this recklessness is not stopped, I truly believe our economic freedom as American citizens is in great jeopardy."

Now just what does he mean by that - '"economic freedom" as American citizens'?

Anybody?

I found this bit near the end most interesting:



Now just what does he mean by that - '"economic freedom" as American citizens'?

Anybody?

Again, the debt's going to have to be paid off eventually. If the guy is a libertarian, then to him, taxes = oppression, and increased taxes would be necessary to pay off the debt. By his thoughts, then, that may mean that our liberties are being taken away.

I'm not worried so much about American economic freedom so much as American- and worldwid- economic strength. Reckless spending like this just plain can't help.

[QUOTE=Dishonorable Scum]The Bush administration's central operating principle appears to be, "If it doesn't work, do more of it!"

.

Do you know the actual definition of insanity?

insanity: doing the same thing over and over again and expecting different results.

pretty perfect, huh?

Thats pathetic.

Once again Bush has defied all logic. How do you borrow that much in 5 years on 2 wars when 42 other presidents couldnt borrow that much combind?

Anyone else think the entire administration needs to be replaced?
I think the entire administration needs to be deported... ...to Venus.
(1000 F on a good day)

I think the entire administration needs to be deported... ...to Venus.
(1000 F on a good day)
They just missed their ride too...
http://news.bbc.co.uk/1/hi/sci/tech/4420012.stm

Actually, that's another thing - Space Exploration still depends on the US putting in money...if they need to save, guess what misses out first.

Thank you :D being a Chinese/American is starting to be tough as I get bullied by the "popular kids" for being a *cough cough* communist spy. I'm starting to get overly paranoid because there are so many asses in my school.

Yes, complain about being an asian going to school. You guys have all the bad luck.

Again, the debt's going to have to be paid off eventually. If the guy is a libertarian, then to him, taxes = oppression, and increased taxes would be necessary to pay off the debt. By his thoughts, then, that may mean that our liberties are being taken away.
I'm not worried so much about American economic freedom so much as American- and worldwid- economic strength. Reckless spending like this just plain can't help.
Nationalise it! Nationalise it!

If the Chinese own so much of our debt, why don't we just get rid of it. Oh, right, I forgot about this one part ¤explosion and gun fire ensue, Chinese kung-fu sensaies kick Islamic fundamenalists through walls, impaling many on sharp, unsanitary, warped I-Beams, followed by a ritual defiling of the terrorits corpses by the Yellow Hammer and Sickle, not allowing anyone to hear my wisdom, unfortunately, I don't notice¤, its really not that big of a deal see? The Chinese and other Asian peoples only own like a quarter or something or our national debt, the rest mainly owned by American citizens. ¤everyone goes, "Oh."¤ And on top of that, reckless American borrowing keeps the world economy bouyant, as other people don't spend enough. ¤angry squnity eyes at Germany and China¤ Someone's gotta be fiscally irresponsible to counteract all of the fiscal responsibility in this world, might as well be us, I hate paying taxes anyhow. And I like the fact that the American domestic economy is large enough to keep us afloat for so many years. ¤more angry squinty eyes at Germany and China, world biggest exporters or something like that¤ Anyhow, America is still funding foreign companies abroad, so while our government may be total idiots, at least our coporations are brutally efficient and still have profits (no debt).

Yes, complain about being an asian going to school. You guys have all the bad luck.
Oj, that's funny. Too bad all our Asain kids are N. Korean orphans. ¤realizes it still applies, goes, "YES!"¤

Nationalise it! Nationalise it!

But... the national debt is already, you know, national.

Did you mean default on it?

Inflate it away?

:confused:

But... the national debt is already, you know, national.
Did you mean default on it?
Inflate it away?
:confused:
Nationalise it, like take it over by the government, and then...yeah, default on it. Just be like, "Well, meh, it doesnt exist anymore, so we don't have to pay it!" Like Communists, only...American.

Nationalise it, like take it over by the government, and then...yeah, default on it. Just be like, "Well, meh, it doesnt exist anymore, so we don't have to pay it!" Like Communists, only...American.

Alright, but you don't have to nationalize it first, its already national.

If you did nationalize it a second time it would be like government squared. Libertarians would cease to exist and Bush would have to fight his clone for power.

If you did nationalize it a second time it would be like government squared. Libertarians would cease to exist and Bush would have to fight his clone for power.
I like your logic! :D

On the other point: Noted.

Nationalise it, like take it over by the government, and then...yeah, default on it. Just be like, "Well, meh, it doesnt exist anymore, so we don't have to pay it!" Like Communists, only...American.

Well, someone hasn't been paying attention. The only thing backing up the dollar is the US government's promise to pay off all debts it acquires. We default, and the dollar collapses. The dollar collapses, the rest of the world's currency collapses, as it's all based on the dollar. I suppose they could go to the euro or pound, but there'd still be a rather unpleasant sagging point in between, and then Europe or Britain would have the trouble of backing their currency.

And, of course, printing money to pay for it is just dumb- ask the guys running the Weimar Republic, or running Yugoslavia near the end of its days.