Readers' Comments
Total Comments: 21
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Satisfying America's Creditors: Issuing More TIPS to Soothe China's Concerns
Total Comments: 21
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Back to Colonial Status Again
DOD
Fri Aug 7, 2009 9:15 AM
Post Reply
Forget the US flag waving from the flag pole, forget the pretention of super power status gestures that our national leaders make, we are already entering back into a colonial status to a foreign power. Watch closely & you will see them calling the shots more & more. They fund a great deal of our government, with Chinese money. They have raided our economy for years, by taking from productive companies & workers. Our government, & corporate leaders, were often guilty of complicity & betrayal. They already impede some of our foreign policy. Look at the Sudan genocide & who has thousands of troops there for safe guarding the extration & export of Sudanese commodities. The USA & the rest do nothing!! YES, give them TIPS!! Keep your hands high in the air & say "YES SIR", as it is done. Maybe we can soon apply for dual US/China citizenship. Maybe they will just invade us, & get it over with.
Re: Back to Colonial Status Again
Retired
Sat Aug 8, 2009 8:33 AM
Federal Government Loans
SSA
Fri Aug 7, 2009 9:51 AM
Post Reply
The more the Government borrows, the better the Stock Market looks! I really think maybe that is a better "bet".
Not nearly so much a gamble. If the US defaults, then what is left?
TIPS will tip us
IRS
Fri Aug 7, 2009 10:05 AM
Post Reply
The federal reserve and the legislative branch are bankrupting our country. The real problem isn't really them but it is every one of us!
-Shame on you who needlessly take food stamps
-"" cash in on the cash for clunkers
-"" welfare
-"" 1st time home buyer credit
-"" use Social Security and are not down and out
-"" use Medicare/Medicaid and are not down and out
-"" WIC
-"" Buy housing that you cannot afford
-"" live outside of your means
What ever happened to your self respect? Many of those programs were designed only for those who couldn't care for themselves or were too stupid to do so in their prime.
You are creating the demand for our government to turn socialist and therefore bring in the most socialistic president we have ever had.
Where in our consitution does it give our government the right to initiate a cash for clunkers program? or have Zars appointed by the president without Senate oversight?
Wonder if we should bring back Senator McCarthy?
Re: TIPS will tip us
fed
Mon Aug 10, 2009 9:29 AM
If you are eligible for food stamps you need them. They are for low income people. Same with welfare. Unless you are committing fraud.
Cash for clunkers is necessary to get rid of the gas slobs. However, someone made a good point. If they bought gas sippers in the past, why should they be penalized (not entitled to the $4500) for acting responsibly, while the gas slobs get rewarded? He makes a good point and I have no answer for that.
First time home buyer credit is to help the housing industry.
Do not combine medicare and medicaid. Almost everyone pays for medicare with taxes. It is insurance. medicaid is for low/no income people.
Good point for living beyond your means and buying a house you cannot afford.
Your socialism nonsense is just that. His policies are necessaqry to get us out of the depression caused by George Bush. Otherwise we will have a great depression.
Re: TIPS will tip us
DOD
Mon Aug 10, 2009 10:36 AM
Re: TIPS will tip us
TSO
Mon Aug 10, 2009 6:21 PM
Re: TIPS will tip us
fed
Tue Aug 11, 2009 11:06 AM
Your analogy isn't so bad. It is just not totally accurate. I live within my means (sometimes too much so). But, since I work for the government, I have never been laid off. I have a health insurance plan that is decent. I will have a CSRS pension plan plus the TSP. I have neither prospered or gone belly up.
What about those who get laid off and cannot get a decent paying job? What about those working for a company that does not provide health insurance, or provides a lousy policy? They need health insurance. That is why good workers get screwed also.
To Programmer TSO,
I believe his policies were a major factor in causing the depression. A major cause was the undocumented and falsely documented loans done by banks. Although the Fed is involved in this area, George could have become involved also. Instead he ignored the issue. Also, do not forget his wasteful spending in Iraq. Do not forget his tax cuts for the wealthy. That is deficit spending.
Re: TIPS will tip us
DOD
Tue Aug 11, 2009 1:31 PM
Re: TIPS will tip us
TSO
Tue Aug 11, 2009 5:57 PM
Taxwise - the top 10% of wage earners pay over half of all income tax (after the tax cuts). That's not much of a break. The tax cuts for the rich line is another partisan sound byte that doesn't adequately address reality.
we have met the enemy and they are us.
FED
Fri Aug 7, 2009 11:22 AM
Post Reply
Having just returned from a trip to China, here are some 'first impressions'. The Chinese english language paper we read headlined another purchase of American debt in mid July. Their concern for US debt was expressed but not strongly. China is transforming itself rapidly into the 21st century. China is a wall to wall infrastructure construction site. New highways, roads, apartment buildings, high rise offices everywhere. Uncontrolled air pollution is rampant -we now appreciate our pollution control laws in US even more, we missed blue skies. But solar hot water heaters are on every roof top. Electric 'mopeds' and electric assist bikes are rampant, as are small cars. They are not shouting down debate about health care for everyone, they are too busy building and making a buck (or Yuan). Their investments in their country is huge and makes our 'bailouts' look cheap. http://money.cnn.com/galleries/2009/fortune/0908/gallery.china_high_speed_train.fortune/index.html
Re: we have met the enemy and they are us.
None
Mon Aug 10, 2009 9:12 PM
Re: we have met the enemy and they are us.
Fed
Wed Aug 12, 2009 10:07 PM
Re: we have met the enemy and they are us.
Fed
Wed Aug 12, 2009 10:26 PM
Above article
OPM
Fri Aug 7, 2009 12:09 PM
Post Reply
Your article made me think of the traditional picture of a street beggar holding out a tin cup and saying "Buddy, can you lend me a dime." Just substitute "a trillion dollars or so" for "a dime" and you describe our current situation to a "t." Sheesh!!
We have met the enemy and they are us
VA
Fri Aug 7, 2009 1:17 PM
Post Reply
We should call in our markers. Then double tax major corporations for sending jobs and money out of the country. They save three times the money anyway. Make it so they're not making that much money to send those jobs over there. I know, I know, this is a capitalist country, but we can't make it easy for greedy CEO's to take their business to other countries just because they only have to pay the workers $2.00 a day (if that). It's all about greed and power, and we are handing over our power to China for the sake of corporate greed. Lord knows CEO's save money 3 times over, because countries like China don't care about starving and bullying their people for corporation and military sake. Looks like we're headed in that direction our darn selves. Make it not worth the while to manufacture overseas tax wise. Maybe that would help...... well just maybe. We're not taking care of each other rather the rich are selling out the poor, all over a buck.
Debt
DOD
Sat Aug 8, 2009 7:11 PM
Post Reply
Unbeknown to most of us, the Treasury is beginning to monetize the debt because we are not selling it with the Treasury Auctions. In other words, we are printing more money to buy our debt which will eventually lead to inflation if it keeps up. China and the rest of the world is telling us to quit spending money we don't have and they are not buying our debt because they see the devalueing of the dollar coming with inflation. Obama's new motto " Obummer Says, You keep the change, I will take the taxes" :-)) Saw that on a billboard in IOWA. Couldn't resist.
Re: Debt
DOI
Tue Aug 11, 2009 1:33 PM