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War on Poverty : $1 Trillion/Year Failure
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To
10/07/2012 11:56:49
General information
Forum:
Politics
Category:
Economics
Miscellaneous
Thread ID:
01546865
Message ID:
01548070
Views:
45
>>
>>As much as I hate to agree even partially with Marcia, it was about state's rights as well as slavery. Along with a healthy dose of the economic disparity between north and south.
>>
>>Maybe we need another 9/11 to bring us back together because IMO this country has not been this divided since the Civil War.
>
>Jeez Mike... Since 9/11 whole world got messed up. US itself spent 6T$ on consecutive (ill conceived) wars and it is on a verge of
>economic collapse ever since. (Hence 6T$ being spent on infrastructure, investments, schools, hospitals etc)
>Another 9/11 (blamed possibly on Iran Russia or China) would probably spell the end to all of us.
>
>Funny part about this tea party movement that in general their 'program' is good. They want fiscal responsability (no less then repaying entire US national debt!), less government, LESS taxes etc which is all good, but (as most of US/EU public discourse) do NOT see 6T$ spent on unecesssary wars as a problem at all. No problems with 90T$ (more?) in derivatives black hole in global banking sector either. In other words, not a single really important issue is part of anybody's aggenda.
>When it comes to indebtedness, Europe is not much better (if not worse!) either. So Euro smarty-panty 'teabags' came up with something 'completely different' {g} to remedy the situation, and it is called 'austerity measures'. What is the big deal; It will all get fixed if we just managed to spend little bit less! (On social programs rather then military/security budgets)
>
>However, problem at this point (on both sides of the pond) is way to big and simply impossible to fix.
>All together, almost foolish for anybody to believe it is possible.
>
>http://en.wikipedia.org/wiki/United_States_public_debt
>http://en.wikipedia.org/wiki/European_sovereign-debt_crisis
>
>That exactly as if I owed 10.000.000EUR to you, and pledged to return it all back to you in X years by saving on cigarettes, newspapers and coffee.
>Is that realistic enough for you to believe ? ( Ok, I drink quiet a bit of coffe but still ... {g} )
>
>Truth is that today debts will NEVER be repaid. Only way out of this is some sort of global fiscal 'reset'.
>Something like Global Financial System Version. 2.00 ; Where all (or most of) previous debts are written off and we
>all start dealing in some new currency, gold, food, oil, or whatever. (How about Chinese 'renminbi' backed by rice !! {g} )
>Which unfortunately brings us back to your idea of burying hatchets with Marcia. (new 9/11 ??)
>Be careful what you wish for!
>
>How about you simply send her some flowers instead :)

I don't think Marcia has to sit by the front door waiting for a floral delivery ;-) At least unless they're from Andy.
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