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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Sedohr Nod who wrote (124296)	2/17/2012 11:53:18 AM
From: TideGlider	2 Recommendations Respond to of 224749

I remember running (not to be late) to an old dairy farm while wearing heavy boots about a mile up and down hill. There I cleaned manure reduced to a soupy liquid with the addition of urine in the huge areas. It was a relief to actually clean the more dry stuff. Then off to the silos to clear clogs,,,etc etc I was then rewarded with a silver quarter. I saved them and my father would exchange them for silver dollars when he went to the bank.

To: Sedohr Nod who wrote (124296)	2/17/2012 11:53:29 AM
From: lorne	3 Recommendations Read Replies (1) \| Respond to of 224749

Mr. Government Fixer Goes to Greece - 17 February 2012 As in Argentina 10 years ago, the Greek middle class is being hit hard. The upper classes are protected. They own stocks. They have bank accounts in foreign countries. And the lower classes had nothing before the crisis. They haven't lost a penny. But the middle classes lose jobs, income...and benefits. That is what is happening in America too. Middle class wealth, built up between 1980 and 2007, was largely an illusion. It was money borrowed from the future... Now, it must be paid back. And there's not much Mr. Government Fixer can do about it. The problem is too much debt. Adding more debt doesn't help. "But Bill, aren't you being a little simplistic," asks a Dear Reader. "The idea is not to add debt for its own sake. The idea is just to try to mediate the social consequences of private sector de-leveraging while giving the economy time to get back on its feet. Why won't that work?" Why won't it work? We repeat the question to give us time to think... ...oh yes...it won't work because it ignores the reason the economy was knocked on its derriere in the first place. If the cause of the setback had been interest rates that were too high...or a natural disaster...the strategy might work. Just as an ancient Pharaoh made Bible fame by saving grain in the fat years and then releasing it when the harvests failed, so might a sage government today draw on its own surpluses to help soften the blow of a bad winter or an earthquake. But the government has no surpluses. Only deficits. And you can't mitigate the damage of an earthquake by setting off a nuclear explosion. Neither can you solve the problem of too much debt by adding to it. When an economy has too much debt, there's only one solution. Debt delenda est. Debt must be eliminated. It can be done in the old fashioned way — by Mr. Market. Or it can be done by Mr. Government Fixer. Mr. Market will do it quickly...efficiently...and brutally. Mr. Government Fixer will hesitate...equivocate...vacillate...prevaricate...and generally fornicate everything up. He will protect the guilty insiders...at the expense of the innocent taxpayers and general public. And in the end, he will let the debtor default, too, for he will have no other choice. Full article >>> goldnews.bullionvault.com

To: Sedohr Nod who wrote (124296)	2/17/2012 4:04:04 PM
From: chartseer	1 Recommendation Read Replies (1) \| Respond to of 224749

"I can even remember when there were actually some decent democrat politicians." I cannot remember that. You may be older than I am?

To: Sedohr Nod who wrote (124296)	2/17/2012 4:53:58 PM
From: Justin C	1 Recommendation Read Replies (2) \| Respond to of 224749

Sen. Sam Nunn (D-Ga.)? there were actually some decent democrat politicians.