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Satisfying America's Creditors: Issuing More TIPS to Soothe China's Concerns

Back to Colonial Status Again

Fed Peasant
DOD
Fri Aug 7, 2009 9:15 AM

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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
Retired
Sat Aug 8, 2009 8:33 AM
Cheer up. It isn't as bad as you think. After health care "reform" kicks in you won't be able to get treatment for what ails you and you may be happy to have the Chinese come in and end your suffering. Better to die at the hands of your enemies than at the hands of your friends.

Federal Government Loans

Administrative Assistant
SSA
Fri Aug 7, 2009 9:51 AM

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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

Fed who doesnt fit in
IRS
Fri Aug 7, 2009 10:05 AM

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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

worker
fed
Mon Aug 10, 2009 9:29 AM
You make some good points are some that are not so good.
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

Analyst
DOD
Mon Aug 10, 2009 10:36 AM
For worker fed; the answer to your question , because those acting responsibly have always been the group to take it. These are the ants, bees, squirrels or other groups of animals that work, put aside, save for a rainy day and live within their means. These are the people that support the grasshoppers, those that just want to sing and dance all summer then when winter is knocking at their back door cry because the responsible people are warm and clothed and fed and they have nothing. So the federal government comes up with all these special programs (take from those responsible citizens) so the happy dancer doesn’t have to work or be responsible but those that are continue to pay and continue to lose, little by little.

Re: TIPS will tip us

Programmer
TSO
Mon Aug 10, 2009 6:21 PM
worker: You do make some good points. However, you are wrong when you say George Bush caused the depression. There are many politicians on both sides of the aisle who had a hand in the economic downturn. Telling us that GWB caused it is a catchy partisan sound byte but falls far short of a real world explanation of what really happened.

Re: TIPS will tip us

worker
fed
Tue Aug 11, 2009 11:06 AM
To analyst DOD
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

Analyst
DOD
Tue Aug 11, 2009 1:31 PM
Fed worker, I wasn't talking about people that actually worked and got laid off I was talking about those, and there are a bunch, that stand there doing nothing for themselves except holding their hands out feeling they are owed just cause. These are the dancing grasshoppers. Those that got laid off through no fault of their own I feel for them. Two of my children are now unemployed (through no fault of their own) and I, being fortunate enough to have a stable job am doing my level best to help them because that is what families are for.

Re: TIPS will tip us

Programmer
TSO
Tue Aug 11, 2009 5:57 PM
worker - Regarding the mortage loan situation you're right about them being a major cause of the downturn, they were actually the catalyst that started the dominos tumbling. You're wrong telling us GW ignored the issue though. When Fannie and Freddie (which are under congressional oversight) blew up, the slide started. GWs administration warned congress multiple times over the years that congress needed to get control over them, warned that if they didn't they would blow up and start a financial chain reaction. Congress ignored the Administrations warnings, Fannie and Freddie blew up and the chain reation started. Could GW have pushed harder? Probably so but he did not ignore the issue as you say. Congress did the ignoring.

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.

GEO
FED
Fri Aug 7, 2009 11:22 AM

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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.

Retired Fed
None
Mon Aug 10, 2009 9:12 PM
Perhaps during your trip to China you noticed portraits of a certain Communist despot. He may be gone, and the Communists taking on the face of entrepreneurs, but there are certain rights the Chinese do not share with you. One is freedom of speech. Of course, they get crackerjack health care, much like the Cubans. Ready to trade your inalienable rights for acupuncture?

Re: we have met the enemy and they are us.

Geo
Fed
Wed Aug 12, 2009 10:07 PM
Retired Fed - I made no comparison to their rights as citizens, just what is obvious - that they are out running us as capitalists and are willing to invest heavily into their own infrastructure to improve their productivity and therefore their return on investment. Their investment in our debt is small potatoes in their economy. Marxist Communism as you and I were taught it in school is totally dead. They have a one-party government, but its based on capitalism. Gee, our founding fathers never foresaw multi-party democracy and thought it would doom America. The title of my comment is two edged - like their ying and yang, We have met the enemy and they are us. We are our own worst enemy and they have become more like us than we or they care to admit.

Re: we have met the enemy and they are us.

Geo
Fed
Wed Aug 12, 2009 10:26 PM
REtired FED - on freedom of speech and the despot you mention - There was no reluctance on the part of any Chinese guides (and they are govt. employees) and individuals I asked about the Chairman and how he was viewed now. Their view was that he had good points and bad points. That he pulled a weak China together after WWII is viewed as positive, the cultural revolution as a very bad black period in their history. In viewing Chinese tv for a number of nights, the channels are full of documentaries and history movies that explore both the good and bad. One inflight movie was a movie set at the end of the cultural revolution and how students were reacting to their return to universities, free to get an education. Deng Shou Peng (sp?) who opened China up to capitalism is viewed as the great reformer and leader. Real freedoms are developing if slowly due to rising economic conditions. They are not 'contained' by the govt., and very aware how those in the U.S. live and view the world

Above article

HR Specialist
OPM
Fri Aug 7, 2009 12:09 PM

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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

Patient Business Assistant
VA
Fri Aug 7, 2009 1:17 PM

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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

IT Specialist
DOD
Sat Aug 8, 2009 7:11 PM

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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

HR ER
DOI
Tue Aug 11, 2009 1:33 PM
This is why, as a relatively young worker, I took almost all of my retirement out of the G Fund and put it into stocks, which at least act as somewhat of a hedge against inflation.
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