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originally posted by: TruMcCarthy
a reply to: Kettu
I share Bannon's goal. "The State" is totally filled with corruption. These are the people who have led us to $20 Trillion in debt, something we will likely never be able to come back from. They have led us into disastrous wars in the ME. They have time and again acted against the American working class. What exactly about these SOBs should we be trying to save?
Planet Money has obtained a secret government report outlining what once looked like a potential crisis: The possibility that the U.S. government might pay off its entire debt.
We recently obtained the report through a Freedom of Information Act Request. You can read the whole thing here. (It's a PDF.) The report is called "Life After Debt". It was written in the year 2000, when the U.S. was running a budget surplus, taking in more than it was spending every year. Economists were projecting that the entire national debt could be paid off by 2012.
The U.S. borrows money by selling bonds. So the end of debt would mean the end of Treasury bonds.
But the U.S. has been issuing bonds for so long, and the bonds are seen as so safe, that much of the world has come to depend on them. The U.S. Treasury bond is a pillar of the global economy.
Banks buy hundreds of billions of dollars' worth, because they're a safe place to park money. Mortgage rates are tied to the interest rate on U.S. treasury bonds.
The Federal Reserve — our central bank — buys and sells Treasury bonds all the time, in an effort to keep the economy on track. If Treasury bonds disappeared, would the world unravel? Would it adjust somehow?
originally posted by: TruMcCarthy
a reply to: Kettu
We are $20 Trillion in debt and headed for financial ruin, why do you still support this corrupt system? Keeping "The State" in tact will do nothing but guarantee our destruction, what have you seen from them that gives you confidence they will do anything to improve our situation?
originally posted by: Martin75
Nancy Pelosi shows us how hypercritical she is every day. And today she is standing up once again just to make sure we don't forget.
House Minority Leader Nancy Pelosi (D-Calif.) slammed Stephen Bannon on Thursday, saying President Trump's senior adviser is a racist who has no business sitting on the National Security Council (NSC).
“It's a stunning thing that a white supremacist, Bannon, would be a permanent member of the National Security Council,” Pelosi told reporters in the Capitol.
Link to article on The Hill
“What's making America less safe is to have a white supremacist named to the National Security Council as a permanent member while the chairman of the joint chiefs and the director of national intelligence are told, 'Don't call us, we'll call you. You're no longer permanent members,’” Pelosi said.
Does the left not realize that just continuing to call someone a white supremacist doesn't make it true? If anything it will just convince the people that do feel this way to support this man. Find something real to say and then maybe someone will listen. Right now the left just sound like hysterical hens!
Of course this coming from a piece of work that got caught on a hot mic saying "Tell them your a muslim!" Because Rep Andre Carson doesn't count as much to her until you "give him his special star".
originally posted by: TruMcCarthy
a reply to: Kettu
I agree with you, which is why these SOBs need to be destroyed. You're not under the illusion that Bush and Obama are on opposite sides are you? They play for the same team. And FYI, Obama garnered as much debt as every other President combined. "The State" needs flushed down the toilet, at least Bannon is man enough to admit it.
originally posted by: Sillyolme
a reply to: Martin75
Calling someone racist doesnt make it true. You are correct.
It's his actions and editorial history that makes bannon a racist.
Oh and just so we're clear on the subject....so is trump.
originally posted by: Kettu
originally posted by: rickymouse
This kind of person makes me kind of angry, she calls someone a racist which causes a lot of people to start hating people of other colors. They can't do that kind of name calling to try to intimidate someone, that is not right. I have found that the people who call others racists the most are usually the most racist of all. They are siding with the minority, so they are racist against whites who have a different opinion then them.
originally posted by: Kettu
And what is the rest of the world going to do while this happens? What becomes of the American people? What keeps China or Russia from invading, literally?
originally posted by: muzzleflash
a reply to: TruMcCarthy
That's why I liked Ron Paul's positions on most things.
He talked about flushing most agencies down the toilet pretty consistently.
originally posted by: TruMcCarthy
originally posted by: muzzleflash
a reply to: TruMcCarthy
That's why I liked Ron Paul's positions on most things.
He talked about flushing most agencies down the toilet pretty consistently.
I am pro-Paul all the way! At this point in time they have no chance though, Trump is the best we could do.
Yet many people (not least successful business executives themselves) believe that someone who has made a personal fortune will know how to make an entire nation more prosperous. In fact, his or her advice is often disastrously misguided.
Many people have trouble grasping the difference in complexity between even the largest business and a national economy. The U.S. economy employs 120 million people, about 200 times as many as General Motors, the largest employer in the United States. Yet even this 200-to-1 ratio vastly understates the difference in complexity between the largest business organization and the national economy. A mathematician will tell us that the number of potential interactions among a large group of people is proportional to the square of their number. Without getting too mystical, it is likely that the U.S. economy is in some sense not hundreds but tens of thousands of times more complex than the biggest corporation.
Moreover, there is a sense in which even very large corporations are not all that diverse. Most corporations are built around a core competence: a particular technology or an approach to a particular type of market. As a result, even a huge corporation that seems to be in many different businesses tends to be unified by a central theme.
The U.S. economy, in contrast, is the ultimate nightmare conglomerate, with tens of thousands of utterly distinct lines of business, unified only because they happen to be within the nation’s borders. The experience of a successful wheat farmer offers little insight into what works in the computer industry, which, in turn, is probably not a very good guide to successful strategies for a chain of restaurants.
originally posted by: TruMcCarthy
originally posted by: AMPTAH
originally posted by: TruMcCarthy
Why is Bannon a bad person?
He just is. He said it himself.
Darkness is Good. Evil is Good. All Hail Evil.
Who else turns evil into a good thing?
Remember Satan in the Garden of Eden? Exactly the same philosophy.
"Oh, Eve, don't believe what the Lord tells you, you can eat the fruit, your eyes will open, you'll get wise."
That's how we all got here.
No, he didn't say he was a bad person lol, your bias just interpreted it that way.
"I'm a nationalist. I'm an economic nationalist," he said in the interview. "The globalists gutted the American working class and created a middle class in Asia. The issue now is about Americans looking to not get f---ed over."
I couldn't agree with him more. As for your fairy tales, they aren't convincing.
originally posted by: muzzleflash
originally posted by: Kettu
And what is the rest of the world going to do while this happens? What becomes of the American people? What keeps China or Russia from invading, literally?
Large oceans, our strong navy, good diplomacy, economics and logistics, strong immigration laws, etc?
Russia and China simply have no viable chance to "invade" in this current global paradigm.
Maybe in 2080 they could achieve it but that's still unlikely considering the current situation.
A lot would have to change for it to even become feasible.