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Originally posted by Labrynth2012
Very well written and I commend you for it. I do want to point out a couple of things though that might help you to better cover this subject matter.
1. The Cost of the War on Drugs since the 1950's.
2. Don't use Wikipedia as a source because it is public in nature and full of wrong information.
I don't think anyone has ever calculated the total cost of the War on Drugs.....
The other thing to take into consideration is the money spent on BLACK PROJECTS, which is where most of our advanced technology and weapons come from. It is horrendous spending.
Thanks for your article.
Originally posted by CosmicCitizen
"The love of (war) is the beginning of evil."
- apologies to Timothy.
Originally posted by maxzen2004
reply to post by queenannie38
As for the blame, all of us, Dems and Republicans. We all got greedy, We have to get the jobs back in the U.S. or we are all screwed. How can we create jobs if there are no benefit to businesses here? Can you beat .25 cents an hour? U.S. corps are doing great but the future for the normal laborer in the U.S. is dim. The future is scary, I see more and more people and families falling apart from the economic situation. None of these politicians have a plan, our political system needs to be repaired because it is broke. Do you trust the CIA, FDA, Homeland security, GSA, police, military and your politicians? If you are not a big wig attorney you are screwed
So, how does the US borrow money? Treasury bonds are how the US - and all governments for that matter - borrow hard cash: they issue government securities, which other countries and institutions buy. So, the US national debt is owned mostly in the US - and the $4tn foreign-owned debt is owned predominantly by Asian economies.
(....)
The key findings are:
• As of April this year, US Treasury bonds owned overseas accounted for $4.7tn of the national debt - up 8% on last year. That's not everything - the US now owes over $14tn.
• China is the biggest owner of US Treasury bonds - over $1.14tn by September this year - down -0.3% on last year
• Bonds bought in the UK (mainly private investors and pension funds) are third on the list at $421.6bn - up 120.7%, which is the biggest increase
• Russia saw the biggest decrease, down 45.3% since last year to $94.6bn
The main differences from the chart we previously featured are that China’s holdings are much greater, while the United Kingdom’s holdings are much smaller, which is a result of a number of Chinese institutions using banks in the United Kingdom as intermediaries for purchasing and holding U.S. government-issued debt. As a result, China’s real U.S. debt holdings now account for 9.5% of the entire U.S. national debt outstanding (nearly 1 out of every 10 dollars the U.S. government has borrowed), instead of the 7.5% that was previously recorded.
Meanwhile, the U.K.’s recorded holdings have shrunk by a corresponding 2.0% of the entire U.S. national debt as a result of this accounting adjustment.
Finally, one question that came up after our original post was “How much of the national debt held by U.S. individuals and institutions is being held by the U.S. Federal Reserve?”
We found that as of September 29, 2010, the Federal Reserve held 966 billion dollars of the U.S. national debt in the form of U.S. Treasury Securities or Federal Agency Debt Securities, which represents 16.9% of all U.S. individual or institutional debt holdings, or approximately 7.1% of the total national debt.
Originally posted by seabag
I don’t think military spending is a waste of money. If it is then explain why China and other countries continue to expand theirs?
To blame all of the nation’s problems on wars is a stretch. The numbers simply don’t support that theory. I would agree that spending needs to be cut in MANY areas including defense, but liberals always cut defense and it never helps curb their spending habits or fix the economy; the money just goes other places.
Originally posted by seabag
I don’t think military spending is a waste of money. If it is then explain why China and other countries continue to expand theirs?
"Missile defenses, however benign they appear to the side building them, always force others nations to improve and increase their offensive weapons," Cirincione, who heads the Ploughshares Fund, stated by e-mail
The United States' continued missile defense activities might force China to update its nuclear armaments, Reuters quoted a high-level Chinese military official as saying on Wednesday (see GSN, June 4). "It undermines the strategic stability," Maj. Gen. Zhu Chenghu, with the National Defense University in Beijing, said while attending an event in Vienna, Austria. "We have to maintain the credibility of deterrence."
Originally posted by ctdannyd
Sounds utopian I guess, but it would be cool.
Originally posted by maxzen2004
As for the blame, all of us, Dems and Republicans. We all got greedy, We have to get the jobs back in the U.S. or we are all screwed. How can we create jobs if there are no benefit to businesses here? Can you beat .25 cents an hour? U.S. corps are doing great but the future for the normal laborer in the U.S. is dim. The future is scary, I see more and more people and families falling apart from the economic situation. None of these politicians have a plan, our political system needs to be repaired because it is broke. Do you trust the CIA, FDA, Homeland security, GSA, police, military and your politicians? If you are not a big wig attorney you are screwed