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


To: Smiling Bob who wrote (227421)11/4/2009 4:06:45 PM
From: Elroy JetsonRead Replies (2) | Respond to of 306849
 
If America wants to be self-supporting we need to cut back on defense spending and farm subsidies - and we also need to raise income taxes significantly.

We're that far out of balance.

If we take both of these steps, and also expand Medicare coverage to all Americans, our economy will more closely resemble the prosperous Australian economy.

Unfortunately Reagan placed Americans on a program of debt-funded welfare narcotics to which too many have become addicted.

The withdrawal process is going to be rough for many Americans. The only thing which would be worse is to remain debt addicts for an additional period of time.
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To: Smiling Bob who wrote (227421)11/4/2009 4:59:26 PM
From: Smiling BobRead Replies (1) | Respond to of 306849
 
Found this interesting site
This debt will never be paid. There is no way to make good on it.
No matter how much they want to spin and forestall, we are bankrupt. So if the country is bankrupt, what next?

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"Today, as we stand before the dawn of a New World Order run by internationalist financiers, most of the revenue collected by the Federal government in the form of individual income taxes will go straight to paying the interest on the debt alone. At the rate the debt is increasing, eventually we'll reach a point where, even if the government takes every penny of its citizens' income via taxation, it will still not collect enough to keep up with the interest payments. The government will own nothing, the people will own nothing, and the banks will own everything. The New World Order will foreclose on America." - Taken from Sheldon Emery's "Billions for the Bankers, Debts for the People".
silverbearcafe.com