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Originally posted by Wrabbit2000
North Dakota has been a boom and success story among a nation of miserable economic news and trends for a few years now. All over the state, actually. While some have been suffering actual unemployment between 12 and 30%, depending on location, North Dakota has enjoyed as little as 3%. If someone doesn't mind the weather and overall climate of North Dakota, that has been the place to go for quite awhile. Indeed... Go North! There is opportunity in those new oil and gas fields! (There is also a massive new military range complex in that area of the country.. more jobs there. )
I'm not sure what sequestration has to do with anything, either way. Sequestration isn't specifically targeted to hit the oil and gas industry as North Dakota will see any impact from it. That's the good part of how specifically Sequestration is targeted to very selective things. It means what is NOT there is pretty well untouched. I know, it's reached hard for a silver lining in a storm cloud, but we have that much.
Originally posted by mikell
Our town of under 10000 people has over 100 million in comercial construction going on and 20 million in new homes. And more to come once the ground thaws
Originally posted by H1ght3chHippie
reply to post by TauCetixeta
The day the Saudis stop selling oil for Petro Dollars is the day the American economy collapses. A set percentage of the Dollars spent for oil is directly invested into US derivatives and bonds, making up a huge part of the US fiscal budget.
The US could have been energy independent for decades already, there's as much oil in Alaska as there is in Saudi Arabia.
Originally posted by Wrabbit2000
reply to post by TauCetixeta
The Sequestration is nothing to joke about in my view. Imagine 85 Billion dollars worth of cutting targeted at the most human, low level and end user level of cutting that could be specifically planned for....to bring maximum pain?
That's what has just passed and what we're about to see or..for some..are already seeing now.
I know it's getting to be sport to make fun of 85 billion vs. many trillions in annual spending ..but if your Government salary of $50,000 a year is what you and your family lives on? A Government cut of just $50,000 could be catastrophic in your world, right? How many $50,000 employees does 85 billion represent cutting? We're going to get the answer to that, whether we wanted it or not. In a land of back breaking unemployment levels as it stands now? Any cutting of actual people and the positions they live by is too much while the true waste is untouched like sacred cows, eh?
Originally posted by marg6043
reply to post by TauCetixeta
Saudi Arabia is not our main sellers of oil, Is Canada, with Mexico following closer the scam and propaganda that Saudi is in fault for oil prices and hikes is nothing but a lie.
The prices of oil and the gouging of the American public is the results of oil barons in the US paying oil speculators to manufacture futures and boost prices.
Does all this news give me any hopes? nope, the oil barons and elite will still be making the money and we the consumer will still be screwed by them.
In America the only boom and prosperity is for those that runs the government and holds the money.
Originally posted by woodwardjnr
Why is it being called a sequester and not austerity? Is this just a game of semantics or is there are real difference?I guess austerity doesn't have the same ring to it anymore.
Originally posted by davjan4
Originally posted by woodwardjnr
Why is it being called a sequester and not austerity? Is this just a game of semantics or is there are real difference?I guess austerity doesn't have the same ring to it anymore.
Because "austerity" is what those crazy broke Europeans are doing. We of course are nowhere near as bad off as they are. Use the "A" word here and people might riot like in Europe.
We don't need austerity. Just a litte sequester. To the tune of 85 billion. The exact same amount that we are creating out of thin air each month and buying mortgage backed securities.
Coincidence?