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US Debt And The Presidents Responsible
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That was a joke.
I didn't forget. I watched a video on LiveLeak yesterday that was a collection of all the live reports as the 2nd plane hit. It was startling.
That being said, smoking kills more people each year than the 9/11 attacks. Hell, more pedestrians are killed every year than died on 9/11. That's not to discount the threat of terrorism, but to put into perspective exactly what we've gone and destroyed our own country for.
Terrorism really is nothing more than politically motivated organized crime. It poses a more grave threat than what we normally associate with organized crime, but that's what it is. You can't fight a war against a group of people who aren't a nation. It has to be pursued as a matter of law enforcement, and that doesn't mean we need to trample our Constitution to do it.
http://www.liveleak.com/view?i=1da_1305721647
ouch, that has to hurt........
Terrorism is nothing like organized crime. I don't remember the Mafia trying to blow up any buildings in NYC. I don't remember the Crips hijacking any airplanes. The purpose of organized crime exists is to make money. The purpose of terrorism is to change government policies and public behavior through murder and intimidation.
Bill is that you? How's Hill?
Meet ya at the Sip'n Soda?
a day that will live in infamy..
It looks like after Nixon shut the gold window then unchecked debt creation was the result.
When the bills get passed and when the bills come due are often different
Don't get me started on that open borders, socialist Bush II. This waste of a body and Gimpspan did everything possible to create many bubbles....
Never trust an Ivy Leaguer. Even if they do lie and claim to be a conservative.
*heads back to the ranch to clear some brush*
blame it all on Bush
While I strongly believe the Federal Reserve and Alan Greenspan are directly responsible for the economic situation we find ourselves in, the fiscal situation is largely out of control because of Bush.
One most definitely unnecessary war.
Deficit spending and a steadfast refusal to rescind the tax cuts to pay for the wars.
Refusal to cut any other kind of spending in a meaningful way.
Creation of a new boondoggle entitlement by the name of Medicare Part D, also unfunded.
TARP and other lovely bailout programs.
I'm not a big Obama fan, but he hasn't really increased spending all that much. The reason his deficits are so high is because tax revenues are falling.
His budget deficits are triple Bush's worst, and we don't hit Obamacare hard until 2014.
Stand by. Things are not going improve...ever.
I don't disagree. Things are going to go badly. I just don't like disinformation.
By what percentage did Obama increase spending over Bush's last budget? Don't forget that Bush didn't put the cost of the wars into his budgets. ;)
I don't think the Rodent understands the distinction between "budget deficit" and "deficit spending."
One President could have a lower budget deficit and yet do more deficit spending than another.
It has become a scam. I hate that, but there it is.
U.S. war funding bill brims with unrelated extras
http://www.reuters.com/article/2009/06/08/us-obama-wars-budget-idUSTRE5575ZG20090608 snipBut then he too sought more -- $4 billion extra to combat H1N1 swine flu and $5 billion to back credit lines to the International Monetary Fund, which is trying to help developing countries weather the global economic downturn.
I will stand by your side. You make mistakes, but you are driven! Good Stuff.
I have 3 Terminals. Live feeds. It's expensive. People like you make the trade. Smart people on the ground, that care about other people make the trade.
Man. I can not believe the Obam bam suck asses on this board. As bad as Bush was... And he was bad... Obummer is a thousand times worse. Look at how many wars he is getting tied up in. Look at how arrogantly he tells congress that he doesn't need their permission to go to war. Look at how much more invasive into your privacy his government has become. You oslummer dick suckers need to take the blinders off and open your eyes to what this cock sucker is doing.
You are an asshole. DSK is coming for you.
Kneel is there perfect pseudo name for you. Kneel down and slop all over you king/ hero/ demigod .. Obummer.
I defended one point and you rant. The only thing you didn't do was rebut my point.
I'm not an Obama fan. Still, the truth is that his deficits are mostly a result of sagging revenues, not out of control spending increases.
Dislike him all you want. You have valid reasons. Just be honest about it.
NATO strikes Libyan warships (footage)
The playbook has been drafted.
http://www.jcs.mil//content/files/2011-02/020811084800_2011_NMS_-_08_FEB_2011.pdf
The double talk of liberation continues. Bankers need to feed the masses with fear. The only real fear is the collapse of the ponzi banking system.
Tool - Lateralus
Looks like Al Qaeda won. Al Qaeda spends $1,000 to America's $1,000,000,000. Talk about being STUPID!
I doubt it, but when Bush II took office the debt was actually being paid off. Everyone thought we actually might defeat the Baby Boom Retirement problem...and then 911.
The Germans and Japanese were defeated by the great resources of old USA. Al Qaeda bankrupted America.
I am American and losing pisses me off. Our republican and democratic leaders took us over the cliff!
The greatest achievement of Al-Qaeda is that they destroyed America through its social fabric. People ( American) don't trust other people. American are now unable to freely travel to any country and proudly declare their American nationality. whole society is scared. A thing called friendship has vanished through this society. The population is consists of individuals who are unable to do any thing collectively. People have lost American dream. People are degraded through TSA check points. Their Dignity is in the dust. I think Al-Qaeda could not even imagine that they can destroy a super-power through its core by simply flying few plans in to the buildings.
The greatest achievement is that you believe that al-Qaeda ("the terrorists") exist.
http://www.youtube.com/watch?v=ek7ZHenQnu4
http://www.youtube.com/watch?v=mztfFdpd1Rk
And btw: the superpower is not being brought down at all.
Only the fat, dumb, and formerly happy peasants that it subsidized during times of relatively easy prosperity are about to be brought down.
The technology and control mechanisms of the superpower superstate are here to stay.
LOL "al-Qaeda" ROFL they are a made up enemy while the human power elite keep doing business as usual.
Yes we are now in all Western countries split in two groups:
a) The Oligarchy that runs the world.
b) The 99% others, who are docile sheep in a so called republican constitution (USA) run by surrogates of the ruling class who are global players. The nation state is now for all real purposes a meaningless concept.
So your americano-american debate is totally off the point. You will do as the Oligarchy says for reasons that will be theirs, but presented as ones to defend the republic or its population for 'reasons of state', like the ongoing 'terrorist war', yesterday the cold war; as then the Oligarchy was NOT in place. Since that Peking ping pong game and the Berlin wall collapse it is now in place WORLDWIDE.
The current debt crisis in the west, an offshoot of the Oligarchy rip-off during the last thirty years, is to create the NEW normalcy bias that 'international labor arbitrage', the REAL work engine that 'Reaganomics' started and which heralded in the NWO of feudal Oligarchs.
The USA is now just an Oligarchical satrapy in the process of establishing the new normalcy bias. Like the EU and Japan. We will be there when labour rates flatten out world wide... and in the meantime drink the debt burden 'main street'...and do shut up. I'm sure your debate makes them smile over their coffee and croissants, the Oligarchs.
Disclaimer : I just present this historical perspective from "their" angle. I am not one of them; on the contrary. And, its NOT the end of history, as Oligarchs are by definition "cannibalistic" and there is always hope; the entropy effect!
(If you don't believe me about their inherent cannibalism, just look at what is happening to DSK...in Gotham, city of Oligarchs!)
The debt was being paid off? That was from the tax revenues resulting from the stock market bubble and accoutning gimmicks where they included the surplus form SS. There was alot of accounting tricks during the Clinton era. That was when they changed the CPI to substitute products on their inflation list.
Oddly the lift off occurred just about the time Greenspan took up residence as the Chair of the Federal Reserve.
Although correlation is not causation.
Obama 2 years vs Bush II 8 years
Obama is doing pretty good job spending. In 760 days, he's already added 30% to the total national debt accumulated over the entire previous 234 years, or, about 6 billion per day added to debt. And he's still shy as a butterfly having only been at it for 2 years.
He's only just now getting the hang of how to start wars and kill people. At the bottom of Obama's segment it should read: "USA Occupation" because it's clear the TSA and the rest of the jackbooted army being assembled by our Dear DC Leaders love Hamas and the MB, and could care less about Islamic terrorism. Everything from the TSA granny gropes, mobile body scanners, secret cell phone tracking, domestic drones, midnight executive orders, FCC internet control, hyperpropagandavision, tracking your financial transactions in real time, presidential texts to your cell phone, and those new spy cameras at Wal-Mart are all being assembled and ramped up for you.
When the SHTF the domestic machinary will be in place to confiscate assets and property needed to service the debt in the name of social justice. Venezuela on steroids.
Bush II got voted out for starting wars and spending to much money. Now it's way worse.
No, Bush II could no longer run for office since he had served two terms, and way worse is subject to interpretation. The last 3 years of Junior were worse than the first three of Obama, but they both served the banksters and the war racketeers well. The last honest president was Jimmy Carter and you see what that honesty did for his presidential career. Both parties lie; it's just a matter of which lie you prefer to believe when you go to the voting booth.
That's the dumbest thing I've ever heard....."Carter an honest president". He is a liar and a bafoon.
His major funding is Sunni money, strangely enough.
Go figure.
He is a Saudi whore.
Good point, you're right, Bush was limited out.
Much better said that we voted out the GOP and got a Nightmare-in-Chief from the party of Marx.
But recall Obama has only been there for two years, not three. I know it seems like three years since he hasn't stop his mouth or the Mussolini posing since November 5th 2008 when he rolled out the Flava Flav inspired lectern seal that said, "Office of the President-Elect" when, in fact, there was no office, no authority, and no reason to pretend to be POTUS until 2009 since we already still had a nonhyphenated president.
Carter.... was so honest he insisted on carrying his own suitcase to prove he was just a common man. Of course, the suitcase was totally empty and an ongoing lie. Shah of Iran didn't think he was honest when he said he'd support him and didn't. 1 million died from his folly in the Iran-Iraq war which followed and we now face Iranian nukes.
But agree Carter's mushy incompetence was far better than if he had been a malignant narcissist.
ron paul 2012
Ron Paul should wait until after the USSA blows up to run. That way he can help rebuild it the right way.,
I think that he's too old for that. It's either now or never.
Isn't this just the inherent nature of (P < P + I)?
(New money lent as Principal is less than money owed as Principal plus Interest.)
http://www.youtube.com/watch?v=BGTBkNJ8ZWI
http://www.youtube.com/watch?v=kM7rITeNW6U (can skip to 4:00 if you want)
Yep but people don't even know to look at how rediculous the constructs of it are.
Could you please show the chart adjusted for inflation, first based on the CPI, and second based on the price of gold?
can we see that in logo rather than linear.
I think it would be more telling..
Wait a minute - "Debt data from Encarta" - that cheesy "encyclopedia" that MS used to sell on CDs?
I failed the math question to post a comment three times, but my eyes are good and I don't see a dip in that chart whatsoever, just a gradual rise ending in a sharp trajectory towards the Heavens and tomorrow is doomsday they tell me which will probably cause the first dip, for everyone knows what goes up comes down unless you are in outer space, and this chart is on the planet earth.
You don't need to know a damn thing about derivatives, equities, shorts, longs, puts or math, as I haven't got a clue, but I sure can tell where this thing is going to go. :)
Welfare states lead to debts and deficits. The rest follows like night follows day.
Socialism is the great destroyer.
If you squint you will see that after ww2 and before Korea there was a breif time of debt contraction. It doesn't matter anymore because they have no intention of ever paying the debt, but our children will be obligated to make payments on it by virtue of being born. I blame the fucking baby boomers.
9 of the 13.5 trillion or so we have added to the debt was added under "small government" conservatives....You know the kind...the ones who claim they are going to get government "off your back" and going to shrink the size....the kind that PROMISE to both cut taxes AND cut the debt....
IT'S A SECRET MAGIC FORMULA THAT ONLY THEY HAVE. . .It's called the "two Santa Claus' policy". See, they got it figured out...it is a winning strategy to be the party that runs up huge deficits while in power....which is popular....and then bitch, scream and complain about how we have to cut the budget and our spending when the other side is in power.
Pretty neat trick really...genius really!
If we are being honest though....we are in this situation becase we (all of us) have allowed our representation in government to spend so much because no one has had to pay for it....I guarantee you that if Americans had been taxed at the rate it would require to spend as much money as we have in the last 30 years (without putting it on "the card")....we would have DEMANDED full accountability for every fucking cent decades ago. It is when taxes are low and we can put it on the credit card that no one ever asks what we got for our money. It is easy to spend money you have not sacrificed for.
Honestly...who among you has really had to make any sacrifices for all the spending that has taken place over the last 30 years (living in an ustable economy now does not count...that is a symptom of the bullshit spending) ? If you look at it...taxes are at all-time lows in this nation (esp. for corporations and the wealthy) It is not like during WWII...when everything was rationed AND taxes were super high (and we fought a REAL war...and managed to get out of it with a realatively small amount of debt - which was mostly held by citizens who made MAJOR sacrifices to win that war)
Nope...today, we expect that we can have our wars AND our tax cuts! I don't think we will see people demanding accountability of spending until either taxes go back to the rates they were at before Reagan (72% top rate) or unitl the day comes when we are forced to decide between having things like navigable/reliable roads to drive on ...or having "our war" in Iraq / Afghanistan.
That day is coming....soon.
These numbers are cooked. Let's see the TOTAL liabilities and obligations graphed.
It obviously began to get airborn when Nixon junked the gold standard.
Duh. Its a chart, for fuck sake. How much interpretation can there be.
Pilots force the airplane to stay close to the ground on take off til they get up to flying speed and then rotate and climb.
Nixon.
Oh, and the parabolic nature of the end of the climb can only result in a stall. Hopefully a well maneouvered Lumshovak will follow, otherwise bailing out is advised, if possible.
Depends on the thrust to weight ratio. Some can go vertical.
Just sayin'.
And exhaust all creative fuel. Have you looked at what is happening. They are simply hunkered down trying to get someone to come up with some sort of followable idea. All the banks want to buy something to make them money. All the corporations are buying up each others dead husk corpses.
All the game changer weapons don't really change the game any.
Plus we're like completely blanketed in a thick shit cover of radioactivity. Good luck using satelites to track nuke movements. Those nasty little fuckers are probably everywhere by now. Since you can't even see them being loaded into lead lined shipping containers.
Seems like a good argument to step up the anti-proliferation efforts.
Otherwise you are back to a MAD strategy.
I don't look forward to living under MAD again.
When did we stop living under MAD? In fact I would say there are more kinds of MAD now than ever before
The only way we can not live under MAD is if the jew bomb is only controlled by jews. I just researched verizon wireless and their ceo is a jew they've had over 300 million in fines in 8 years of operation and a monster list of pissed of customers. They keep pestering me for something I don't owe them.
Oppenheimer was a jew. This jewish nuclear shit is destorying the world with fukishima. I swear to god I don't know how i spent 42 some years not seeing just what the hell jews were in the world. I can't have one fucking service in my town that isn't lorded over by a jew.
My fucking power company I went on a conserve energy kick and kept doing things to lower electricity usage in my condo. I kept getting bigger and bigger bills. I complained to corporation commission they come out to test meter after figuring out I know exactly how that thing works. They come in late at night and CHANGE to a real meter that reads true and do the stupid test. After they leave I figure out they changed meters. The guy who ceo's that shit just shakes barak obama's hand in a pic.
Even worse I run into a guy who is son of lady who lived across the street from mom. He moves into place close to me and we start becoming friends. He's lying to his family and not working and I end up loaning him 500 bucks before he finally self destructs and runs out of options. His FUCKING DAD is rich from working at my power company that steals from my ass and he borrows 500 bucks from me and never pays it back. I swear I never paid any attention to this shit and now that I finally see I live in jew earth with jew bombs and jew torture and jew poision and jew confetti and jew trolls and jew lawyers and the bible is true. Jesus is above the law and he's offering sweet deals to the best fucking liars and murders and mass mudering bomb makers and financial terrorist to be above the law with him.
convert to judaism and your troubles are over! Brother.
We do not really live under MAD. Putin is too smart to truly dick with us while we are self-destructing.
If you are talking gene splicers + crazies, well, yeah. Such is the future.
On the up side, probably at least 10% would survive a really nasty weaponized bug.
Money buys different things. It can buy a Navy Seal who will do what it takes to kill a mortal enemy of the country or it can buy a fat negro woman willing to eat in a school cafeteria and pose as a 'teacher's aide'.
It can buy a microbiologist at the CDC who will compare, analyze and create a vaccine against a new influenza epidemic or it can pay for immigration judges, border control agents and transportation for illegal immigrants seeking to invade the nation.
It can pay for Mars Orbiters and 'Spirit' and 'Discovery' or it can pay for pseudo science to keep women's studies programs alive at state universities.
We control the horizontal, We control the vertical. We either let the clowns, buffoons and parasites control the purse strings or we fashion laws that keep their nitwit hands off the controls.
All you really need to know is that in 1972 the trend starts upwards and doesnt look back.
I dont think the readers of this site need any further clarification...
nominal debt increase doesn't even matter does it? the exponential nature of the whole ordeal seems to point to a conclusion where it doesn't matter who's in charge, because to stop the momentum of the debt increase would be to "have america fall on your watch"..
i can't believe any liberal who thinks clinton or obama served their interest, just like i can't believe any conservative who thinks nixon, reagan or the bushes served their inerest.. it's all such a sad sad game federal politics.
this was meant to be a reply to another poster, but i opted to just let it stand on it's own. I could go for either system, if it was consistant, the tragedy is that they aren't.
Reagan had a cold war to win, and Bush the Elder made a deal with the Dem congress to cut spending by $2 for every $1 of tax increases. The Dems lied and then crucified him for breaking his promise of no new taxes.
There will never be another deal like that because the Dems have no honor.
The rest is history.
Eisenhower fought the real cold war, not the spoof version of the 1980s. And as both a top general and a true conservative, he warned in his farewell speech that the Military-Industrial Complex was getting out of control. What he meant was that they were sucking the marrow out of the country, profiteering from scare-mongering. As they did in the 1980s. Keep in mind Reagan supported the economy of his home state of California, the state where defense contractors are concentrated and the state with the most military bases by far
He also advocated the More Bang For The Buck strategy, or in simple terms, nuking the shit out of anyone who threatens us, rather than fighting a conventional war.
If you like Ike, like all of him.
TO make the spoof complete, the Cold Warrior President of the 1980s had spies running every US intelligence agency for the Russians: Aldrich Ames (CIA), Robert Hansenn (FBI), John Walker (DIA)....
Aldrich Hazen Ames is a former Central Intelligence Agency counter-intelligence officer and analyst
Robert Philip Hanssen is a former American FBI agent who spied for Soviet and Russian intelligence services against the United States for 22 years from 1979 to 2001
John Anthony Walker, Jr. is a former United States Navy Chief Warrant Officer and communications specialist convicted of spying for the Soviet Union
Which one of those ran a damn thing?
Where the slope is steepest at the end of Bush Jr's term is the period where Obama and McCain supported Bush's spending.
Slipped into a spending bill is a change of the constitution that congress no longer needs to vote on individual wars but votes yes on all future wars by voting for the spending bill.
http://www.infowars.com/congress-to-authorize-perpetual-war-with-no-enem...
Interesting correlation as well with a Dem/Rep Congress and you may have something. But seriously, how many didn't know/figure out Bush II was a disaster? anyone?
Since Congress is in charge of the budget(s), wouldn't it be equally or more instructive to to look at deficit spending by who controls Congress over the same period?
Every President has a different set of conditions to deal with. I think it is difficult to draw any meaningful comparisons as far as national debt is concerned, particularly over the past 30 or so years. The president of the country does not have the same degree of control as the president of a corporation has. I think the chart is useful to see how the debt has skyrocketed but trying to say this or that president was more, or less, responsible is fruitless. I think a lot of what has happened can be blamed on Congress more than any particular president.
Congress could stop, or change, a lot of things right now but they won't.
Reading all of these wanna be conservatives "Republicants" back peddling for their choosen fag.. Oops, Flag! LMFAO!
here is how it works.. if its going up in a straight(ish) line.. A Republican was in Office! Controling Debt! Before the Rapture got here!
If a Democrat was in Office.. it tails off..
Just the "FACTS"!! You bunch of Blind, Faith Based, Fucking Idiots! Just the FACTS!
I want you idiots to admit it!
"I dont care what I see, I know in my heart that it was less, I can just feel it!"
Say it! SAY!! IT!!!
Bunch of secret cock lickers. go get your meth and you male hooker and live it up becuase you fat wife is more manly that some lil gay dude!
You FUCKERS!!! are whyt he Country is FUCKED UP NOW!!! dont forget to vote! some more!!
Hey you have good points, leave politics out of it.
Yen.. you are in time out for cock blocking me and my fun.. do I mess with you? noooooooo.. I let you have your fun.. alomost uninterrupted! but, yet here you are!
No Rapture for you!! and all the truth and hard work you put in.. that is a shame.. You, Tyler, CD, George Washigton as of Late is on FIRE! (in a good way).. all of ya'll should have been gone.. but your cock blocking.. just pushed you over the edge that lil bit.. you were so close Bro! sorry, no rapture for you..
I am the rapture nazi! like a soup nazi.. but different!
I never have C. Blocked you JW! Matter of factly, I have a lot of respect for your posts. If you feel that way, I'm sorry. Good on ya!
it was a joke you fruit.. soup nazi? come on bro.. seriously?
Obama is president now.
How does that make you feel?
No Rapture for you! just becuase you said that! you were soooooo close, that one lil last comment fucked it up for you Bro! I wanted to see you go! I am no cock blocker!
JW we lean on different sides. Yes? We both care about the well being of our families and Country. I give you kudos all the time.
If you cross my value system we will talk. I'm a very generous person.
I dont like everyone Yen.. and to be clear some of the work product that you have put forth for the benefit of the community here is spotless! beautiful..
You care enough for your fellow man to share.. which speaks volumes of who you are as an individual.
You should also know I give people I like a hard time.. you will notice with you, becuase of you work product, I have always maintained a certain amount of respect for you.. so dont let my jokes with you get you thinking the wrong thoughts.. What you share is to important to ignore. Kind of like CD..
Un-Like Rodent who is a lil gay, on sundays..
but forgive my jokes and please keep sharing..
Only for you, sweety.
Now assume the position.
Is Rodent gonna have to choke a bitch?
http://www.youtube.com/watch?v=8pklq_ShnbA
It is not my destiny to get out early.
The Dems are better at lying and cooking the books..
thats it.. the CBO cooked the books just for Dumbocrats..
get your ass back to fucking huffington post you loser, fuck wad, poser!
CBO = garbage in garbage out, just like your posts
Event? honey? sweety? do you fucking grasp the concept of "Fight Club" you are smart enough to get it.. or I would not have kicked you in the nuttz!
So stop being a Fag Slapper and fight! Facts not Feelings..
Here Turkey.. is a clip from Fight Club the Movie to get you in the spirit! http://www.youtube.com/watch?v=SQ8imPmQ0js
It is like the good people forget they are here? and why we are here.. duhhhh?
that / those scene(s) were good but.. didnt really cover the whole why we fight here in fight club..
Fight Club Ideals, which makes us not just another chat room are!
1. its the internet.. you can be honest.. with me and yourself...
2. no one knows its you! so you can! if you choose! be honest! with me and yourself!
3. you can learn a LOT about yourself when you dont have to hide behind pretense.. you dont have to act kool.. you dont have to have the right answer.. your beliefs mixxed with what you know are what you will share.. if you are honest.. at which point we can figure out what kind of education you need most and first to be a better human fucking being!
4. once you get 1 thru 3.. pay it fucking forward and try.. TRY! to un-dumb the World.. if you talk to 5 people and those 5 people can get it.. then they talk to 5 people.. do you see..
5. so the better you fight here.. the better you will be with sharing out there! you have to make your point in less than 2 minutes.. people have ADD.. and it has to be sourced and sited.. and you have to strike a chord with whomever you are engaging.. you have to find what interests or offends them the most and then.. share with them what will move them! so that they can be reached.
6. once you save a soul it is your burden to ensure that soul stays safe, educated and LOVED! just because I will fight with everyone here.. doesnt mean that I dont really, honestly have hopes that ALL of you will be Blessed! I am leaving God out for the Brothers who dont go that way.
7. there is nothing but the truth.. if you are spreading feelings.. you are part of the problem.. be part of the solution for mankind.. maybe what we start here goes a 100 fucking years before Man has evolved enough to use the knowledge.. maybe its sooner than that? I Hope so!
Much Love for my Brothers and Sisters of Fight Club!
If anyone would like to add or delete or a lil of both.. speak up! Lets get our shit together.. enough tongue wagging..
Well done JW, but too late...Only slightly over 8 hours before the end of the World, I am coming Elizabeth!
Not You Hulky! not the big one!! come on Bro!
fuck it! I will see you at the after party! no worries!
omg not the puppet show routine again.
MY SIDE IS BETTER THAN YOUR SIDE!!!
too bad both 'sides' have zero difference when it comes to corruption.
Jo.. you are scaring the children with all that Lobby Talk.. try to keep it PG please!
All those trillions...where did they go?....follow the money:
Straight into very predictable pockets: arms manufacturers, financiers, oil companies.
And to think : all along we were told this was capitalism! Lol. In our country, the state picks winners and losers.
Yep. Much like how we all payed to bail out the corrupt UAW. The beat goes on.
Peanuts, and a one time deal. You and your kids will be bailing the financiers for many enjoyable years to come
Peanuts? Those were made in the USA by UAW union peanuts.
Now if that money had gone for some non union enterprise would you have seen the elephant?
So for 15years I've been studying statical charts...intraday, charting looks different then 100 and 200 year charts..lemme tell you..I'm not sure it is completely fair...and i aint no supporter of this shit, but I've seen 100 year dow charts, in 52week ohlc format...printed on a 6 foot long sheet of paper...this condensed version of that info could be somewhat misleading without the full gravity of time being displayed. overlay this chart this say the price of gold, oil, djia, wheat,corn,chicken,beef,beans,..add in a few foreign exchange averages, and some currencies (just add in a bunch of other parameters, dating back that 100 or 200 years....make that chart like 6 foot long. and you will see a much different picture then what is displayed here, especially at a glance.
i'm not trying to say this chart isn't true..just that without several other comparatives on overlayed spanning A LONG TIME..looks much different.
an example:
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&instty...
and that's only like 30 years or so....you really think thats a safe looking chart..for investing into?
Jee who would have guessed this would have turned into a (D) vs. (R) argument. You are all sorely misled if you believe there is a difference between the two. You get what you vote for.
Congress controls the purse strings. The problem is that they are wimps who have sold out. There will not be any meaningful improvement in the deficit.
would have been more useful if plotted on a log scale -- or as a % of GDP.
a 10-second google search found this:
http://www.usgovernmentspending.com/downchart_gs.php?year=1792_2016&view=1&expand=&units=p&log=linear&fy=fy12&chart=H0-fed&bar=0&stack=1&size=l&title=&state=US&color=c&local=s
I'd like to see the data for party controlling House and Senate included on the chart. They're just as culpable in this fiasco. I do note that things went parabolic after Nixon's decision to default by leaving the gold standard.
tax and spend vs borrow and spend has
given way
to print and spend.
btfd.
.
the federal reserve is killing the federal reserve
note.
.
why?
because it has a fatal flaw.
people love fatal flaws, these quicken the heart
of youth.
like, today, i saw half dozen frozen and skinned
lamb carcass thrown to the tailgate of a delivery truck,
delivery to the butcher, eyes frozen dead.
the butcher will know what to do with this sight
and meat.
you go for your corporate freedom, corporate freedom, and see.
you are just meat to be frozen and delivered to the
butcher, directed by those disembodied, floating entities
that have no heart, just an empty stomach for your meat
and fiat currency that they themselves command. this is
the government, corporate government, with corporate law,
judges and legislatures. now, corporate citizens that sing
the popular corporate songs of surrender and love. love
that has no direction or purpose but to bleed to feed the nameless,
almighty, rapist behind the curtain.
i can't wait for the rapture, ongoing
.
only hours from now ...
Don't you feel like you are getting raped by looking at that chart?
Seeing the word rape is being increasingly associated with IMF these days I wonder what the end will look like.
Maybe not a bad idea for the world to end tomorrow.
Putting the y-axis on a linear instead of log scale makes the chart disingenuous, just as eBuddha mentioned.
Since the Nixon administration it's been roughly doubling every 8 years. This averaging glosses over the fact that Clinton and Gingrich had a momentary lapse of sanity and actually balanced the budget for a moment.
Face it, a $28T debt by 2019 isn't any scarier today than the idea of a $14T debt was in 2004.
Yawn.
Personally, I support locking the debt ceiling and running a balanced budget. But this idea that the debt is suddenly ballooning is nonsense unless 'suddenly ballooning' means 'increasing at a generally even, steady pace for the last 110 years'.
It's a non-partisan spending spree. And why blame the president anyway, Congress controls the purse?
Oh, and here's a more useful chart. Gee, look at that. The Gross National Debt is a nice, neat line since 1900, with a spike each for WWI and WWII. How singularly boring and unalarming.
http://www.usgovernmentspending.com/downchart_gs.php?year=1900_2016&view...
Thanks eBuddha for the link! A chart that *I* can manipulate.
The president most responsible for our current debt situation is John F Kennedy. If he wouldn't have been so naive and got himself shot, he might have had a chance to send the usury crowd back over the Atlantic, and avoid our "debt problem" we so stress over today.
He thought he was safe.. he should have been.. and for the last 2 - 3 decades the evengelicals.. who all just left on the rapture train.. have smeared his name..
But the only guy to end the Fed and put us back on a PM money supply and Fuck Marilyn Monroe! he was a pimp!
He was shot because he wanted to stop the FED. The U.S. mafia style banking cartel. Enough said.
Amen to that. That's the truth.
After JFK was clipped no President will ever try to gut the Mafia FED.
JW - I forgot to add Marilyn to his list of achievements!
He was a true leader, unlike the "errand boys" that have been in his post since.
Should be interesting to see how the Economics101 text books will be rewritten over the next few years. They all assume the 10 year treasury is a good proxy for the "risk free" rate of interest whereas the govt is doing everything to disprove this. It has some similarities to taking the US off the gold standard in the first depression. A race to the bottom.
I still get a chuckle looking at my CFA text from 2005 which gave CDO's a grand total of 1/2 page of mention.
The problem with denegrating your own currency of course is that you are abdicating responsibility to others. This eventually means you must issue debt in someone elses currency and then it is game over with respect to controlling all the cards in the game.
we are going to a 2 Tier Monetary System.. or we are already there.. really..
Tier One Capital could, would be Asset Backed.. pick any asset.
Tier Two Capital would be what people have direct deposited, it would be backed by nothing but debt, it would be an electronic signal from one account with no backing to another account with no backing.
People dont own anything except a Mortgage or Debt.
Hard Assets or even better.. performing assets with cash flow.. are currency that trades. People would like the stock market to be that way, it is not. 1,000 times earnings? or 100? or 10? fuck that I want 100% yoy AND! I want it to be a tangible! that is under my control. The Markets are dead or are on Government Life support now..
it will not be to, too much longer before people open their eyes to the reality of their lives.
Two Tiers! of Money.. which are you?
i was under the impression that this is how central monetary systems have always worked. since, i dunno, roman times. state sanctioned currency is created, then consistently devalued and indebted generation after generation until it becomes obsolete. then something new crops up. ooooh what will it be??? i'm rooting for the Real...that way i can get some legit feijoada up in here
Looks like Mt Hermon, perfect vista for Chairsatan. http://www.youtube.com/watch?v=tbPqOE--D1Y
http://www.prophecyinthenews.com/mount-hermon-gate-of-the-fallen-angels/
http://www.prophecyinthenews.com/daily-news-update-may-20-2011/
Cut with the Hegelian dialect.
They spend too fucking much money.
You missed a syllable. Doesn't matter. The left FONT gives it all away.
Nice Grammatical Educate.
President's are not responsible for debt.
Citizen's who want their standard of living to increase despite net energy per capita peaking and declining are responsible for debt.
ZH, you really need to dig into and understand this. Blaming politicians is dangerously misleading and does nothing to educate the ignorant majority.
Hey, after you finnish bleeding, think about throwing a punch in the Fight Club that does not impact your own face.
P.S. That bruise on your heel is from kicking your own ass. Frogive us, we thought you knew. http://www.youtube.com/watch?v=ToceoE9DHWY
So what I hear you saying is, destroy causation before judgement comes.
China vs ZH I love it! Chineeze scum bags!
lol... you are on fire my man! on fucking fire!!! burn it up!
So Korea and Chinese leaders tour Fukushima area and our leaders do not even acknowledge there is anything wrong.
http://www.newser.com/article/d9nblnng0/chinese-skorean-leaders-in-japan...
So like, Japan was an ally like Pakistan was right? And now they are all gathering against the US. One wonders why?
War...and what more of it means. Are you personally ready for that?
And you the new Nazi America, do you remember what happened to the last Nazi country that went around attacking and killing all over the world for Empire, profit, and the greedy gains of a few?
Lets see the corruption.
Why don't people learn to use log charts?
They're too heavy. ha ha
The natural log is more portable, it's what the bear shits in the woods and I'm not sure how it's related to the ideal gas but it is.
A log chart would turn an exponential curve into a straight line and would make the rise look less obvious.
In a linear chart the multiplying, n-folding growth of the function per standard unit of time, i.e. the exponential nature, is more clearly displayed.
No it's not. Over very long time frames, linear charts are highly misleading as they weight more recent data more heavily than earlier data.
That's why displaying debt data (or equity indices, or world population etc.) over very long time frames on anything but log charts is foolish and misleading. Clueless people go into cardiac arrest when they see parabolic charts.
Clueful people go into cardiac arrest when they see exponential charts, and rightly so. Complacent fuckwits who really believe in infinite exponential growth on the other hand need log charts so they can exclaim "Who could possibly have forseen!".
You are the other side of the coin of the ignorant "citizen" above who doesn't know the difference between deficit and total debt.
Show me any exponential function in nature, anywhere, that doesn't have a catastropic end?
With stocks, it ends with a crash. With oxidation you end up with a bomb. With nuclear fission you end up with a critical mass reaction which is a big bomb. With a population of any organism (yeast in beer, deer, human beings) you end up with a depletion of resources and a starvation.
And with a debt you end up with a default, and with inflation, you end up with hyperinflation.
Every single time in every society that has ever existed, this is the end result of a fiat currency, in all of recorded history, no fiat currency lasted that long. Our experiement with fiat currency is the longest running one in all of history right now. This too will pass.
Because the money supply is compounding just as the debt is. In real terms, it only takes 8 years to double the national debt.
How long until: $1 million for an undergraduate degree. $2 million in medical bills for one stroke patient. $5 million for open heart surgury. $250,000 for a Ford Focus. $50 for a Happy Meal.
Your prediction?
1 oz. of gold:____________
1 oz. of silver:___________
It's quite easy to predict, plug the values into a spreadsheet, fit an exponential curve.
IIRC, it's about 14% per year.
To be fair, you got to count the 2006 to 2008 for the DemOcrats. It was the Pelosi congress that started the hyperbolic increases.
You mean when Hank Paulson went to congress and said the world would come to an end unless there was immediate bailout money to keep Goldman Sachs alive, with Bush's full 100% support?
Left and right are a false paradigm. Stop blaming the Democrats because it doesn't really matter who is in power.
http://mises.dyndns.info/~rwicks/theEnd/DebtAndEstimatedDebt.jpg
See? You put it on a log scale and you can see it more clearly. The national debt grows at 9.4% a year and will continue to do so, until the US dollar collapses. If doesn't collapse before 2020, we'll have a 33 trillion dollar debt by then, give or take a few trillion.
We won't make it to that point:
http://mises.dyndns.info/~rwicks/theEnd/DebtAndRevenue.jpg
http://mises.dyndns.info/~rwicks/theEnd/RevenueAsDebt.jpg
I have better data myself than this website does. The last one is the government's federal revunue from taxes as a percentage of the national debt. I.E. - it's the maximum Federal Reserve prime interest rate that can exist to consume 100% of US tax revenue.
It's a little be under 16% now - which means there will never ever be double digit interest rates again. The US government simply can't afford it. We'll default either through massive inflation or outright default - probably inflation.
Clinton left office with a surplus. Where is that on the chart?
It's where the slope of the curve approaches zero.
Do you know the difference between deficit and debt?
The slope or "velocity of the rise" is also called the first order derivative: f '(t) = dy / dt,
since time t is the independent variable here, measured on the horizontal x-axis.
If Clinton had a surplus, the curve somehow would have to show a local maximum with a small dent downwards, but I only see a plateau there.
Probably they didn't use the surplus of the late 1990s to pay back debt but rather spent it on something else, like cigars for example.
That'll probably be the explanation.
LOL!
This, is exactly why the world is so fucked up.
Clinton never had a "cash" surplus, he very briefly had a budget surplus. I think he was still deficit-spending at the time, too.
The chart is of debt, not of deficit. If you owe a million dollars, the fact that you might earn a few bucks more than you spend one week doesn't have any real effect on "debt."
I'd like to see the same thing by democrat or Republican controlled congress.
Wrong Wrong Wrong
Reagan was a fiscal conservative, Clinton ran surpluses. I know because some guys on TV with $200 haircuts told me.
Draw the graph on a logarithmic scale.
The national debt has grown on average at 9.4% a year for the last 40 years. Doesn't matter really who the president is - that's just noise. Our national debt will be over 20 trillion before the end of 2016.
Since I got junked by some moron - let me explain where I get this crazy idea that our national debt will be 20 trillion before the end of 2016:
http://mises.dyndns.info/~rwicks/theEnd/DebtAndEstimatedDebt.jpg
Since it's hard to see the values on that graph for the estimated debt (red line) they are:
And guess what is at 2020? 33 trillion. 2030 is over 80 trillion. I'm giving conservative numbers for 2016 though unlike 2020 and 2030 - those are just the numbers at the trendlines. I actually bet that we'll be over 20 trillion before the end of 2014. Less than 3 years away - barring a catastrophic collapse which is obviously inevitable in any exponential growth system which we clearly have in our debt.
Hey, it's only 40 years of history. Keep pretending that a 40 year trend is just suddenly going to be broken. I don't care if you're boiling your leather jacket so you can eat it in 5 years. The country is clearly headed for insolvency.
What do I base that on?
http://mises.dyndns.info/~rwicks/theEnd
Public data. It's easy to see we're done as a nation. You can stick your head back in the ground if you like now. I am tired of throwing pearls to swine - I really am. All the facts are sitting in front of you, and you're all like "it won't happen here".
You can frustrate the law of economics but you can't repeal it. Economics isn't a system setup by some jerkoff named Keynes. It's how human beings interact, and when you have rampant corruption and theft, which is what money creation is, that money becomes worthless pretty quickly. 40 years is pretty quick.
Exponential processes in the real world, increase... until they can't any more. Then there is catastrophic change.
Look at the year 1971. The graph starts to go up there. What happened in 1971 kids?
Chart also accurately measures the declining value of the dollar inversely. Which will win? Will the dollar loose all it's value or will debt become unpayable or both? I predict both since this country is now a complete joke.
Ask yourself these questions: as US debt has steadily increased from 1-14 trillion have our leaders been able to stop it? Does anyone believe they will be able to stop it? Has the country shut down yet? Is there really a ceiling? And finally, since no president or congress or amount or theatrics has changed this trend, could it not simply be the elite's plan to continue this sociopathic experiment for world control thru debt enslavement?
could it not simply be the elite's plan to continue this sociopathic experiment for world control thru debt enslavement?...
I don't believe this is Brain's plan to take over the world. He'll probably do it as Speilberg disclosed, dressing up as a country western singer and mesmerizing the populace.
The more practical solution will continue to be the simplest and the one gifted to us by our our ancestors a couple hundred years ago. Have the US treasury start printing US notes to supplant ben's bucks, back them with intrinsically valuable coinage issued by US mints in whatever weights and measures the grown ups in Congress agree on, pay back all previously issued frn denominated debt back in depreciating, (think confederate "dollars"), frns and move on.
What's a bit amusing is the end of the world, i.e. ben's threats of catastrophe in the event Congress takes the reins of monetary creation back, will be about as earth shaking as today's expected rapture. imho.
Obama and the disaster he reigns over doesn't even count the fact that Freddie and Fannie are bankrupt and are counted as "off balance sheet".
Agree with a previous poster who simply noted that after 1972 things really got rocking after Nixon closed the gold window. Not even counterintuitive.
The chart is in nominal USD. Would be interesting to have an inflation adjusted debt line.
that debt is just the private money supply.
what? you want no currency? no "money" to
pay the p + I due? it is all about the
"rightful" and "legal" distribution system
of the debt for and the legal holding of the
bill / bond with zero duration.
aka .....
scam. inside of a scam inside of a fraud that
is your economic life. oh rapture !
systemic importance means fortifying the fraud
of usury and debt enslavement as the monetary
system by means of bailout and welfare for the
userer.
blah aba abab ba blahh a a a ...
oh rapture !
oh painful rapture
two suggestions:
1. use log scale
2. use gold standard
and see what happen