Kirkland what do you think about China's call for an International Reserve Currency?
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Re: Today in the economy
Kirkland what do you think about China's call for an International Reserve Currency?
For every story told that divides us, I believe there are a thousand untold that unite us.
International Man of Myst
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Re: Today in the economy
Thats pretty interesting about SS. I did some research and it seems your pretty much right on. Odd that politicians from both parties and the media give the idea that its failing.
Most bad government has grown out of too much government. Thomas Jefferson
Re: Today in the economy
http://www.youtube.com/watch?v=ZqzMziGop-w
The next PM right there...I wish we had someone like that in the GOP
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Re: Today in the economy
Well since the pork barrel spending thing has come up how about we name names in the senate, we could do well to write a letter to them and tell them to stop.
2008 Pork Barrel (by McCain's definition) spending.
1. Thad Cochran (R-MS) $892.2 Million
U.S. Senator Thad Cochran of Mississippi
2. Stevens (R-AK) $469.4 Million (No longer serving)
3. Richard Shelby (R-AL) $464.5 Million
http://shelby.senate.gov/public/inde...lSenatorShelby
4. Mary Landrieu (D-LA) $458.5 Million
U.S. Senator Mary L. Landrieu (D-La.) | Contact Me
5. Robert Byrd (D-WV) $386 Million
Robert C. Byrd
6. Daniel Inouye (D-HI) $385.5 Million
Send your comments to Senator Daniel K. Inouye
7. Patty Murray (D-WA) $327.8 Million
E-Mail Senator Murray - U.S. Senator Patty Murray - Washington State
8. Chuck Grassley (R-IA) $321.4 Million
Contact Grassley
9. Chris Bond (R-MO) $309.8 Million
.: United States Senator Kit Bond :: Contact :.
10. Tom Harkin (D-IA) $302.8 Million
Contact Senator Harkin's Office
The following Senators spent zero:
John McCain (R-AZ)
Tom Coburn (R-OK)
Jim DeMint (R-SC)
Russell Feingold (D-WI)
Claire McCaskill (D-MO)
Source: Citizens Against Government Waste: Homepage
Last edited by killersheep; 03-27-2009 at 05:48 PM.
For every story told that divides us, I believe there are a thousand untold that unite us.
Re: Today in the economy
Holy shit the guy ran for President and told us all the truth about HIS Pork Barrel spending....but I guess we couldn't "afford" another 4 years of the "same old party"...even thought McCain is a moderate republican and is really nothing like Bush.Originally Posted by killersheep
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Re: Today in the economy
Get over it.Holy shit the guy ran for President and told us all the truth about HIS Pork Barrel spending....but I guess we couldn't "afford" another 4 years of the "same old party"...even thought McCain is a moderate republican and is really nothing like Bush.
For every story told that divides us, I believe there are a thousand untold that unite us.
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Re: Today in the economy
3/26/09
USA - GDP
Actual-6.30%|Forecast
The gross domestic product measures the total market value of all final goods, thus serving as an indicator for national income and output.
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New Zealand - GDP
Actual
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3/27/09
UK - GDP
Actual
For every story told that divides us, I believe there are a thousand untold that unite us.
FGE
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Re: Today in the economy
He's another free market deregulationist nutter. You'd think these people would slink off to obscurity after recent events proved them to be dangerous loonies at best and crooks at worst but they don't seem to be able to deal with recent events and are pretending they didn't happen. Here's this particular economic genius on the glories of free market deregulated Iceland before the crisis started and their economy melted into a puddle and left half the country destitute and begging for an IMF bailout :
In the ten years that I have been travelling to Iceland, I have watched an economic miracle unfold there ... Today, Icelanders are absolutely rolling in it. A people two generations away from subsistence farming have become international tycoons.
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Look at the City of London, for heaven’s sake, which Brussels is doing its best to asphyxiate with its financial regulations.
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Icelanders understand that there is a connection between living in an independent state and living independently from the state. They have no more desire to submit to international than to national regulation. That attitude has made them the happiest, freest and wealthiest people on earth.
Blue-eyed sheikhs
FGE
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Re: Today in the economy
I'm Kirkland Laing. I'm always right about everything.
Both parties have people who get paid big contributions by Wall Street who are desperate to get their hands on social security. Huge profits for everybody apart from the people the money belongs to.
After Jimmy Hoffa died the US government took the running of th Teamsters' pension fund away from the Teamsters' union and gave it to Wall Street to run. Over the years it's been run by seven different firms and none of them managed to make as much returns on it as Hoffa did when he was using it as a slush fund for the Mafia. Some even lost lots of money. Funny that.
In my last post, the median family income is $50 000, that's the 150 millionth household total income. The US median wage is $35 000. And flat taxes as espoused by Republicans like Steve Forbes are all bs, they're just yet another tactic of the Republican party to shift the burden of taxation from inherited income to earned income as they wouldn't tax investment income at all, the tax would all be on consumption. Since low/median/above median people consume as much (more the last few years) than they earn, they'd be paying taxes on 100% of their earnings. Guts like Forbes make almost all their income from investments and dividends which are never actually included in these bs flat tax schemes. A bunch of elites who want current earners to pay all the tax and leave people with billions in investments to pay nothing. America should be a country that does the opposite, when it has been it's grown much much faster economy-wise.
Healthcare to follow.
FGE
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Re: Today in the economy
Economic sabre-rattling. They're terrified that the Fed is going to print their way out of this mess and leave the trillion plus they own in dollar securities worth less than half what they paid for it. But both sides need each other here. Expect them to spend future billions and trillions buying actual productive US assets over the next couple of years rather than treasuries.
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