[Politics_CurrentEvents_Group] [off_the_edge] Re: americas debt is far far higher than acknowledged

DAMN RIGHT the National debt is far higher than the budget says it is. Here is a FACT for you! THE COSTS OF THE ENTIRE NEW HEALTHCARE PACKAGE WOULD BE TOTALLY COVERED BY THE interest PAYMENTS ALONE upon all of the off budget loans secured by the Bush administtraions WARS. Sorry, the amounts, and sources of these loans is "classified" material, under a Bush executive order. walt

--- In Politics_CurrentEvents_Group@yahoogroups.com, Bruce Majors <majors.bruce@...> wrote:
>
> I don't think you understand governments
>
> You should read public choice theory
>
> Governments spend all they can because that is the source of profit and
> power for them
>
> When they cannot tax more because of political opposition or because it is
> stifling productivity, they borrow or inflate the currency
>
> The US government, more than Australia, has always had people willing to
> accept its currency and promissory notes even as it increased it debts and
> inflated its currency, because it was a military superpower and the largest
> economy. It also engineered international monetary arrangements by
> government intervention to favor itself. This government created regime is
> now collapsing as it always had to.
>
> For more information on this I suggest you go to the website of the
> Foundation for Economic Education, www.FEE.org, a libertarian group that has
> been predicting all of this in extreme detail since the 40s and 50s
>
> On Wed, Sep 22, 2010 at 9:50 AM, Julieanne <singingthesea@...> wrote:
>
> >
> >
> > Shouldn't your government have prepared for this? It's not like it's been a
> > secret over the last five decades that baby boomers are aging and they are a
> > big population.....
> >
> > Perhaps borrowing huge amounts of money for pointless wars on innocent
> > people has been a bit of a foolish choice
> >
> > You have no idea what politics i favor, if any at all, and your associating
> > me with liars is a little bit of spin, designed to discredit me Bruce, you
> > just cant help yourself with this spin habit, and are so used to employing
> > these dodgy, worthless tricks, don't even know you are doing the
> > manipulation.
> >
> >
> > --- In off_the_edge@yahoogroups.com <off_the_edge%40yahoogroups.com>,
> > Bruce Majors <majors.bruce@> wrote:
> > >
> > > Julianne, our politicians, including especially the ones you seem to
> > favor,
> > > routinely lie and say this debt does not exist. Much of the debt is from
> > > retirement and medical programs for the aged. Europe and many other
> > > countries are going to face the same crisis at the same time
> > >
> > > On Tue, Sep 21, 2010 at 4:55 PM, Julieanne <singingthesea@> wrote:
> > >
> > > >
> > > >
> > > >
> > > >
> > http://www.news.com.au/business/breaking-news/us-government-hiding-true-amount-of-debt/story-e6frfkur-1225926567256
> > > >
> > > > Inst it time you americans all pulled your heads out of the sand and
> > called
> > > > for action on this instead of carrying on about being more highly taxed
> > and
> > > > sending your youth to kill people over seas?
> > > >
> > > > your tax rates are incredible low pay higher taxes and get yourself the
> > > > hell out of debt, call for your govgernments to get rid of this debt
> > instead
> > > > of borrowing more and more money to fight stupid pointless and truly
> > fucking
> > > > evil wars
> > > >
> > > >
> > > >
> > >
> >
> >
> >
>