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10-07-2012, 06:39 PM
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Senior Member
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Join Date: May 2009
Posts: 10,348
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Quote:
Originally Posted by wgrr
This country has only been "flush" one time in our history. That was in 1835 and 6 under President Andrew Jackson. A country being debt free is not a good thing. It was a topic of much economic discussions in 2000 when, if we followed the 1990's economic model set by Clinton and the Republicans who controlled Congress, we would be 100% out of debt now and, actually have a huge revenue surplus. There were major concerns amongst the Fed and economist in the world that a "flush" US would cause major world economic problems around the world. Educate yourself.
I don't fault people that think running a budget for a nation is the same as running a budget for your household. It absolutely is not the same. Your household can create wealth if you borrow money to buy it. If you pay cash no wealth is created. Once again educate yourself.
The economics of the US and the world are complex. In order to improve our economic outlook, we need steep tariffs on imported goods, tax increases that are fairly distributed, and investment in infrastructure instead of investing in endless wars that accomplish nothing. Eisenhower did warn us, but what does a five star general know about the military industrial complex?
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For the sake of argument, I will concede that Jackson's policies of ending the 2nd BUS and attempting to return to hard currency was the direct result of the Panic of 1837.
And since the one time the elimination of the Federal debt caused a financial crisis, why is it we've suffered so many other financial meltdowns before and since the implementation, and consequent abandonment, of Jackson's policies?
Chas
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10-08-2012, 01:22 AM
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Senior Member
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Join Date: Jun 2011
Posts: 1,252
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Quote:
Originally Posted by Charles
For the sake of argument, I will concede that Jackson's policies of ending the 2nd BUS and attempting to return to hard currency was the direct result of the Panic of 1837.
And since the one time the elimination of the Federal debt caused a financial crisis, why is it we've suffered so many other financial meltdowns before and since the implementation, and consequent abandonment, of Jackson's policies?
Chas
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Good point. Greed comes to mind.
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10-08-2012, 02:09 AM
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Senior Member
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Join Date: Jun 2011
Posts: 1,252
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You know, cutting off PBS and killing Big Bird was the only cuts, in spending I heard Romney utter in the debate. The gubmint could cut off the oil subsidy's and fund PBS and NPR for years to come.
Their is a reason why it is called public. We pay for it , even though we don't. Ever hear of the Pew Trust or the Annenberg Foundation. Not to mention Chukee Cheese and Chic-fil-A.
Have you driven a Ford lately?
Someone said they liked Antiques Roadshow. You can thank me, Liberty Mutual Insurance, and Subaru Motors for funding that program.
PBS is run by a Republican Ms. Paula Kerger, and Romney pissed her off. Not a smooth move.. Ex - lax. (sorry I could not resist)
My point is PBS and NPR are funded by much more than the public. So far it is a cozy relationship between the public and corporate interest. I would like to see if stay that way.
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10-08-2012, 04:57 AM
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Admin
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Join Date: Dec 2011
Location: Behind the Orange Curtain in California
Posts: 38,333
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Quote:
Originally Posted by wgrr
You know, cutting off PBS and killing Big Bird was the only cuts, in spending I heard Romney utter in the debate. The gubmint could cut off the oil subsidy's and fund PBS and NPR for years to come.
Their is a reason why it is called public. We pay for it , even though we don't. Ever hear of the Pew Trust or the Annenberg Foundation. Not to mention Chukee Cheese and Chic-fil-A.
Have you driven a Ford lately?
Someone said they liked Antiques Roadshow. You can thank me, Liberty Mutual Insurance, and Subaru Motors for funding that program.
PBS is run by a Republican Ms. Paula Kerger, and Romney pissed her off. Not a smooth move.. Ex - lax. (sorry I could not resist)
My point is PBS and NPR are funded by much more than the public. So far it is a cozy relationship between the public and corporate interest. I would like to see if stay that way.
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 You're one of the Annenbergs? Cool... 
http://www.factcheck.org/
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10-08-2012, 08:57 AM
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What, me worry?
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Join Date: Sep 2009
Location: Land of the burning river
Posts: 21,227
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Why should the country as a whole pay for propaganda from the left?
As far as being 100% debt free if we would've followed the 90s model, there is one big flaw - it included excess revenue from Social Security, and now they need it back. Although that would only be 2.5 trillion.
Pete
__________________
"America is still a land of promise, especially during a political campaign."
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10-08-2012, 09:04 AM
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Senior Member
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Join Date: Nov 2009
Location: Sonoma County, CA
Posts: 20,496
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Quote:
Originally Posted by piece-itpete
Why should the country as a whole pay for propaganda from the left?
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I'd like to see your evidence for that, Pete.
John
__________________
Smoke me a kipper. I'll be back for breakfast.
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10-08-2012, 09:04 AM
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Senior Member
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Join Date: Aug 2012
Posts: 3,223
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Quote:
Originally Posted by piece-itpete
Why should the country as a whole pay for propaganda from the left?
As far as being 100% debt free if we would've followed the 90s model, there is one big flaw - it included excess revenue from Social Security, and now they need it back. Although that would only be 2.5 trillion.
Pete
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Pete,
You are such a robotron.
The military is biggest propoganda machine the right has. Why should the country as a whole, and its future generations if it avoids insolvency, pay for that?
And your statement about money being taken from Social Security is one giant booger of a conspiracy theory. Here is info from the SSA on internet myths:
http://www.ssa.gov/history/InternetMyths2.html
__________________
People like stories.
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10-08-2012, 09:25 AM
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What, me worry?
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Join Date: Sep 2009
Location: Land of the burning river
Posts: 21,227
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Say for the sake of argument that the Newshour is completely bias-free. Then add that many or even most of the anchors and reporters there make appearances on 'Need To Know'.
I suspect many that lean left would agree, it's a left show. As is One on One, Tavis Smiley (I still like him occasionally), Moyers, and many of their smaller shows.
Which ones lean right?
Pete
__________________
"America is still a land of promise, especially during a political campaign."
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10-08-2012, 09:29 AM
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Senior Member
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Join Date: Aug 2011
Location: Derby City U.S.A.
Posts: 8,937
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Quote:
Originally Posted by piece-itpete
Why should the country as a whole pay for propaganda from the left?
Pete
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Just because PBS does not echo FOX news's or the Republican party's points of view makes it a propaganda machine for the LEFT? Or is it when facts out of the Republican bubble are put out then they must be propaganda?
Who could argue with truthfulness that with shows like Frontline, Nova and The Newshour especially with segments like Shields and Brooks are anything but teller of unbiased facts. Leaving it up to the viewer to make their own decisions. Least not forget Washington Week and Charlie Rose shows that can do an in depth investigating interview without fear of to much outside influences.
Barney
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10-08-2012, 09:32 AM
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What, me worry?
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Join Date: Sep 2009
Location: Land of the burning river
Posts: 21,227
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There are 2.5 trillion in special treasury IOUs in a safe in WV. That is the SS trust fund, IOUs. The money is long gone.
Pete
__________________
"America is still a land of promise, especially during a political campaign."
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