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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Hawkmoon who wrote (106260)2/22/2008 1:49:37 PM
From: Lizzie TudorRead Replies (1) | Respond to of 306849
 
this thread is probably not the place for you. It is obvious to all of us here what happens to surpluses and invested FICA money.

You are trying to divert the discussion from the key point, which is that Bush spend 4 trillion dollars on worthless wars and pork, right in front of a baby boom retirement, when he was left with a surplus. All that other stuff you post is just noise, most of which is short term. The yield curve for example.

The problems we face are long term meaning 10 year problems. Currency traders are smarter than you, and "get this".

We lost 2752 people in the WTC attacks according to wikipedia. I am not sure if they are including all related casualties so lets round it up to 2800 people. A terrible tragedy.

However, Bush used this as an excuse to spend 4 TRILLION DOLLARS on wars and pork. That means for each of those people that died, we, the US taxpayers paid:

4 thousand billions divided by 2800 individuals
-or-
4 trillion / 2 800 = 1.42857143 × 10**9

In other words each of those killed in the WTC cost the US 1.428 x 10 to the NINTH dollars, according to bushonomics.

What a great way to bankrupt a once great nation.



To: Hawkmoon who wrote (106260)2/22/2008 2:05:02 PM
From: Paul KernRead Replies (1) | Respond to of 306849
 
What happens when the national debt is eliminated (or at least minimized to the extent that the gov't stops issuing 30 year T-Bills)??

Hawk,

It happened when Clinton was president.

They later brought back very limited auctions because of demands by pension funds and the insurance industry.