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December 5, 2010 at 7:10 PM #636844December 5, 2010 at 7:52 PM #635747sreebParticipant
[quote=permabear]Defense spending needs to be cut drastically – at least back to Clinton levels. It is insane right now, and is the single item bankrupting the U.S. – not SS or Medicare or anything else. The 2009 U.S. military budget accounted for approximately 40% of global arms spending. That’s over SIX TIMES larger than the military budget of China.
Seriously, just look at this:
http://en.wikipedia.org/wiki/List_of_countries_and_federations_by_military_expenditures%5B/quote%5D
I think China gets more bang per dollar spent so it isn’t quite so lopsided as that suggest. Nevertheless, we can’t afford it so it has to go.
Eliminating our entire military would not come close to balancing the budget. Social Security, Medicaid, and Medicare along exceed our income.
December 5, 2010 at 7:52 PM #635823sreebParticipant[quote=permabear]Defense spending needs to be cut drastically – at least back to Clinton levels. It is insane right now, and is the single item bankrupting the U.S. – not SS or Medicare or anything else. The 2009 U.S. military budget accounted for approximately 40% of global arms spending. That’s over SIX TIMES larger than the military budget of China.
Seriously, just look at this:
http://en.wikipedia.org/wiki/List_of_countries_and_federations_by_military_expenditures%5B/quote%5D
I think China gets more bang per dollar spent so it isn’t quite so lopsided as that suggest. Nevertheless, we can’t afford it so it has to go.
Eliminating our entire military would not come close to balancing the budget. Social Security, Medicaid, and Medicare along exceed our income.
December 5, 2010 at 7:52 PM #636400sreebParticipant[quote=permabear]Defense spending needs to be cut drastically – at least back to Clinton levels. It is insane right now, and is the single item bankrupting the U.S. – not SS or Medicare or anything else. The 2009 U.S. military budget accounted for approximately 40% of global arms spending. That’s over SIX TIMES larger than the military budget of China.
Seriously, just look at this:
http://en.wikipedia.org/wiki/List_of_countries_and_federations_by_military_expenditures%5B/quote%5D
I think China gets more bang per dollar spent so it isn’t quite so lopsided as that suggest. Nevertheless, we can’t afford it so it has to go.
Eliminating our entire military would not come close to balancing the budget. Social Security, Medicaid, and Medicare along exceed our income.
December 5, 2010 at 7:52 PM #636533sreebParticipant[quote=permabear]Defense spending needs to be cut drastically – at least back to Clinton levels. It is insane right now, and is the single item bankrupting the U.S. – not SS or Medicare or anything else. The 2009 U.S. military budget accounted for approximately 40% of global arms spending. That’s over SIX TIMES larger than the military budget of China.
Seriously, just look at this:
http://en.wikipedia.org/wiki/List_of_countries_and_federations_by_military_expenditures%5B/quote%5D
I think China gets more bang per dollar spent so it isn’t quite so lopsided as that suggest. Nevertheless, we can’t afford it so it has to go.
Eliminating our entire military would not come close to balancing the budget. Social Security, Medicaid, and Medicare along exceed our income.
December 5, 2010 at 7:52 PM #636849sreebParticipant[quote=permabear]Defense spending needs to be cut drastically – at least back to Clinton levels. It is insane right now, and is the single item bankrupting the U.S. – not SS or Medicare or anything else. The 2009 U.S. military budget accounted for approximately 40% of global arms spending. That’s over SIX TIMES larger than the military budget of China.
Seriously, just look at this:
http://en.wikipedia.org/wiki/List_of_countries_and_federations_by_military_expenditures%5B/quote%5D
I think China gets more bang per dollar spent so it isn’t quite so lopsided as that suggest. Nevertheless, we can’t afford it so it has to go.
Eliminating our entire military would not come close to balancing the budget. Social Security, Medicaid, and Medicare along exceed our income.
December 5, 2010 at 8:02 PM #635757partypupParticipantAh…the first signs of mental stirring on this forum as the walls of the matrix sloooowly begin to dissolve. I have been waiting for people here to stop obsessing about a real estate market that is never resuscitating in our lifetime – and to instead focus on the impending crash of our currency.
It has been a 3-year wait…*sigh* I think it’s about time to re-visit this thread – that is, if you have any prayer of safeguarding whatever assets Obama has let you escape with thus far:
http://piggington.com/gold_redux_what_do_you_folks_thing_about_this
Gold was at $963 last year when this thread was started. It just breached $1400 on Friday. I think we had a few naysayers on this forum back then who were mumbling about a “gold bubble”. I very much doubt they have anything to say now.
Although I might add that ounce-per-ounce, silver is the far better investment: up nearly 100% since August of this year.
Got metals?
December 5, 2010 at 8:02 PM #635833partypupParticipantAh…the first signs of mental stirring on this forum as the walls of the matrix sloooowly begin to dissolve. I have been waiting for people here to stop obsessing about a real estate market that is never resuscitating in our lifetime – and to instead focus on the impending crash of our currency.
It has been a 3-year wait…*sigh* I think it’s about time to re-visit this thread – that is, if you have any prayer of safeguarding whatever assets Obama has let you escape with thus far:
http://piggington.com/gold_redux_what_do_you_folks_thing_about_this
Gold was at $963 last year when this thread was started. It just breached $1400 on Friday. I think we had a few naysayers on this forum back then who were mumbling about a “gold bubble”. I very much doubt they have anything to say now.
Although I might add that ounce-per-ounce, silver is the far better investment: up nearly 100% since August of this year.
Got metals?
December 5, 2010 at 8:02 PM #636410partypupParticipantAh…the first signs of mental stirring on this forum as the walls of the matrix sloooowly begin to dissolve. I have been waiting for people here to stop obsessing about a real estate market that is never resuscitating in our lifetime – and to instead focus on the impending crash of our currency.
It has been a 3-year wait…*sigh* I think it’s about time to re-visit this thread – that is, if you have any prayer of safeguarding whatever assets Obama has let you escape with thus far:
http://piggington.com/gold_redux_what_do_you_folks_thing_about_this
Gold was at $963 last year when this thread was started. It just breached $1400 on Friday. I think we had a few naysayers on this forum back then who were mumbling about a “gold bubble”. I very much doubt they have anything to say now.
Although I might add that ounce-per-ounce, silver is the far better investment: up nearly 100% since August of this year.
Got metals?
December 5, 2010 at 8:02 PM #636543partypupParticipantAh…the first signs of mental stirring on this forum as the walls of the matrix sloooowly begin to dissolve. I have been waiting for people here to stop obsessing about a real estate market that is never resuscitating in our lifetime – and to instead focus on the impending crash of our currency.
It has been a 3-year wait…*sigh* I think it’s about time to re-visit this thread – that is, if you have any prayer of safeguarding whatever assets Obama has let you escape with thus far:
http://piggington.com/gold_redux_what_do_you_folks_thing_about_this
Gold was at $963 last year when this thread was started. It just breached $1400 on Friday. I think we had a few naysayers on this forum back then who were mumbling about a “gold bubble”. I very much doubt they have anything to say now.
Although I might add that ounce-per-ounce, silver is the far better investment: up nearly 100% since August of this year.
Got metals?
December 5, 2010 at 8:02 PM #636859partypupParticipantAh…the first signs of mental stirring on this forum as the walls of the matrix sloooowly begin to dissolve. I have been waiting for people here to stop obsessing about a real estate market that is never resuscitating in our lifetime – and to instead focus on the impending crash of our currency.
It has been a 3-year wait…*sigh* I think it’s about time to re-visit this thread – that is, if you have any prayer of safeguarding whatever assets Obama has let you escape with thus far:
http://piggington.com/gold_redux_what_do_you_folks_thing_about_this
Gold was at $963 last year when this thread was started. It just breached $1400 on Friday. I think we had a few naysayers on this forum back then who were mumbling about a “gold bubble”. I very much doubt they have anything to say now.
Although I might add that ounce-per-ounce, silver is the far better investment: up nearly 100% since August of this year.
Got metals?
December 5, 2010 at 8:03 PM #635762sreebParticipant[quote=briansd1][quote=sreeb] Demographics are stacked against us as the baby boomers start to retire. [/quote]
Immigration is a great way to grow the population and the economy. Assuming we freeze spending growth, large scale immigration can provide the economic kick necessary to pay down the debt.
We could also start selling US citizenship for $1 million each. Not that rich people would want to live here, but a US passport is a good travel document and a good insurance policy againsts unrest around the world.
My bet is that baby boomers will find themselves cared for by imported immigrant nurses and health care workers. Imagine the anti-immigrant folks of today being spoon fed by new immigrants.[/quote]
Unemployment among young, low skilled, or poorly educated American citizens is very high. If you are referring to illegal immigrants, you are basically advocating importing poor people (likely more ambitious and harder working than our native poor but still poor and under educated). I don’t believe we have a shortage and I don’t think they are an economic benefit as long as we maintain a welfare state.
I favor allowing more skilled and educated immigrants.
December 5, 2010 at 8:03 PM #635838sreebParticipant[quote=briansd1][quote=sreeb] Demographics are stacked against us as the baby boomers start to retire. [/quote]
Immigration is a great way to grow the population and the economy. Assuming we freeze spending growth, large scale immigration can provide the economic kick necessary to pay down the debt.
We could also start selling US citizenship for $1 million each. Not that rich people would want to live here, but a US passport is a good travel document and a good insurance policy againsts unrest around the world.
My bet is that baby boomers will find themselves cared for by imported immigrant nurses and health care workers. Imagine the anti-immigrant folks of today being spoon fed by new immigrants.[/quote]
Unemployment among young, low skilled, or poorly educated American citizens is very high. If you are referring to illegal immigrants, you are basically advocating importing poor people (likely more ambitious and harder working than our native poor but still poor and under educated). I don’t believe we have a shortage and I don’t think they are an economic benefit as long as we maintain a welfare state.
I favor allowing more skilled and educated immigrants.
December 5, 2010 at 8:03 PM #636415sreebParticipant[quote=briansd1][quote=sreeb] Demographics are stacked against us as the baby boomers start to retire. [/quote]
Immigration is a great way to grow the population and the economy. Assuming we freeze spending growth, large scale immigration can provide the economic kick necessary to pay down the debt.
We could also start selling US citizenship for $1 million each. Not that rich people would want to live here, but a US passport is a good travel document and a good insurance policy againsts unrest around the world.
My bet is that baby boomers will find themselves cared for by imported immigrant nurses and health care workers. Imagine the anti-immigrant folks of today being spoon fed by new immigrants.[/quote]
Unemployment among young, low skilled, or poorly educated American citizens is very high. If you are referring to illegal immigrants, you are basically advocating importing poor people (likely more ambitious and harder working than our native poor but still poor and under educated). I don’t believe we have a shortage and I don’t think they are an economic benefit as long as we maintain a welfare state.
I favor allowing more skilled and educated immigrants.
December 5, 2010 at 8:03 PM #636548sreebParticipant[quote=briansd1][quote=sreeb] Demographics are stacked against us as the baby boomers start to retire. [/quote]
Immigration is a great way to grow the population and the economy. Assuming we freeze spending growth, large scale immigration can provide the economic kick necessary to pay down the debt.
We could also start selling US citizenship for $1 million each. Not that rich people would want to live here, but a US passport is a good travel document and a good insurance policy againsts unrest around the world.
My bet is that baby boomers will find themselves cared for by imported immigrant nurses and health care workers. Imagine the anti-immigrant folks of today being spoon fed by new immigrants.[/quote]
Unemployment among young, low skilled, or poorly educated American citizens is very high. If you are referring to illegal immigrants, you are basically advocating importing poor people (likely more ambitious and harder working than our native poor but still poor and under educated). I don’t believe we have a shortage and I don’t think they are an economic benefit as long as we maintain a welfare state.
I favor allowing more skilled and educated immigrants.
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