The point is, that the last time we were this indebted was during and directly after a time of War...
And we are currently at War. On Oct 5, 1:48 pm, Frank <[EMAIL PROTECTED]> wrote: > What's the point Gaar? It paints a very negative picture of US debt > excluding war funding, and another 5.5 million home defaults to come. > Instead of just throwing data about, read what your own financial > experts are saying on Bloomberg's, they are convinced of a deep > prolonged recession. > > On Oct 6, 7:25 am, Gaar <[EMAIL PROTECTED]> wrote: > > > > >http://en.wikipedia.org/wiki/United_States_public_debt > > > On Oct 5, 12:06 pm, Frank <[EMAIL PROTECTED]> wrote: > > > > You should avoid paying taxes, as it the working class that support > > > the wealthy, which you see very clearly in relation to the acquisition > > > of public funds to bail out the parasites on Wall St. > > > > The fact that you are having credit cards shoved down your throat in > > > the middle of a credit crisis has its own logic based in the > > > contradictions of capitalism which you will start to notice occur on > > > all sorts of levels and you don't have to be an account to work it > > > out. > > > > No matter how bad the financial situation is, the banks must lend out > > > money, that is how they make their profits. So the fact that they are > > > in trouble makes it even more imperative to do more business to create > > > profits and generate liquidity. Of course with Americans in record > > > debt and the proliferation of job loses and housing defaults, it is a > > > practice that is bound to backfire, but they have no other choice. > > > > Markets and resources are finite, yet capitalism requires the never > > > ending expansion of capital, this is just not possible and this crisis > > > is the result. > > > > Out of interest in 1929 the US debt was 150% of GDP, now it is 300%. > > > About 1,000,000 housing defaults have occurred so far, while another > > > 5,000,000 are expected in the next 2 to 3 years. Puts things in > > > perspective a bit doesn't it? > > > > Regarding a Wall St police, the government and Big Business are > > > intertwined to a degree when it is impossible to know where one ends > > > and the other begins. Together they consciously rob the American > > > worker blind. The average congressman is worth $3.9 million, the only > > > new police force the US public will see is the Nazi brown shirts, > > > which are in training as we speak in the guise of Northcom. > > > > On Oct 6, 12:49 am, margareth <[EMAIL PROTECTED]> wrote: > > > > > Do you think tha t the IRS will pay each of us for reporting him? Fat > > > > chance. I avoid taxes the way that rich people do. I make income > > > > disappear...and hopefully into good investments. I think that all the > > > > politicians have frauded many of the taxpayers. Through thist past > > > > week, I have had three calls from credit card companies offering to > > > > lend me money, so, unless you are an accountant, it is difficult to > > > > understand what has been happening. What really needs to happen now, > > > > is that there would be a police force on Wall street. > > > > > On Oct 4, 10:17 pm, Frank <[EMAIL PROTECTED]> wrote: > > > > > > Let's see how stupid this post is. 66% of business pays little or no > > > > > tax according to the US government. > > > > > > The richest 1% of Americans own more wealth than the bottom 90% > > > > > > The poorest 40% own just 0.2% of total wealth. > > > > > > Any idiot can see, and granted Mark is not just any ordinary idiot, > > > > > that the problem within the economy is that the rich have hoarded > > > > > everything for themselves while blaming the most impovershed layers > > > > > for the economic crisis, while they live in obscene wealth. This > > > > > commonly know as blaming the victim. > > > > > > The only defense of such actions can come from the most ignorant > > > > > sections of conservative politics, who defend the "American > > > > > Nightmare", built on death and barbarism > > > > > > On Oct 5, 5:21 am, mark <[EMAIL PROTECTED]> wrote: > > > > > > > Talk radio icon Rush Limbaugh is warning Americans about the 30 > > > > > > percent of the people in the country who pay no federal income > > > > > > taxes, > > > > > > because they will forever be in favor of higher taxes on everyone > > > > > > else. > > > > > > > Limbaugh quoted extensively on his program today from an op-ed by > > > > > > Brad > > > > > > O'Leary, author of "The Audacity of Deceit: Barack Obama's War on > > > > > > American Values." > > > > > > > "The Audacity of Deceit", released by WND Books, has hit the > > > > > > nation's > > > > > > largest bookstores in a head-to-head clash with Obama's release of > > > > > > his > > > > > > campaign book, "Change We Can Believe In." > > > > > > > Eric M. Jackson, president of WND books, says it will "shed new > > > > > > light > > > > > > on a public figure who's enjoyed a meteoric rise with little > > > > > > scrutiny." > > > > > > > "The greatest find, the greatest discovery in the political world > > > > > > is a > > > > > > new voting bloc, and his book and his research here is targeted at > > > > > > proving that Obama's big voting bloc is the 30 percent-plus of > > > > > > Americans who pay no income taxes," Limbaugh said. "These people get > > > > > > polled a lot, they are played to constantly, and they are all for > > > > > > ever > > > > > > higher taxes on everybody else 'cause it means more for them, in > > > > > > their > > > > > > own version of 'trickle down.'" > > > > > > > Citing the article's title, "Forgotten Foot Soldiers In War On > > > > > > Success," Limbaugh said, "That's exactly what the Democrats are > > > > > > waging." > > > > > > > Limbaugh quoted from O'Leary: "When writing my latest book, 'The > > > > > > Audacity of Deceit: Barack Obama's War on American Values,' I > > > > > > discovered a relatively unknown constituency: the 30 percent of > > > > > > American voters who do not pay federal income taxes. These Americans > > > > > > are exempt from paying income taxes either because their income > > > > > > level > > > > > > is below the threshold that would require them to pay, or their > > > > > > total > > > > > > deductions leave them with no income-tax liability." > > > > > > > O'Leary continued, "So I set out to determine exactly who these > > > > > > people > > > > > > are and what makes them tick. In conjunction with Zogby America, I > > > > > > conducted a series of carefully orchestrated polls. > > > > > > > First, I found that 60 percent of likely voters among non-taxpaying > > > > > > Americans favor Obama for president, whereas only 31 percent favor > > > > > > John McCain. In addition, a majority of the 30 percent of Americans > > > > > > who don't pay federal income taxes agree with Obama's $65 billion > > > > > > plan > > > > > > to institute taxpayer-funded, universal health coverage. On the > > > > > > other > > > > > > side, a majority of the 70 percent of Americans who pay federal > > > > > > income > > > > > > taxes (i.e., the folks who would have to foot the bill for this > > > > > > boondoggle) are opposed to Obama's health care plan." > > > > > > > O'Leary's work found that 70 percent of Americans shoulder the > > > > > > majority of the federal budgetary burden for all Americans now, so > > > > > > Obama's claim for a plan to cut taxes for 95 percent of Americans > > > > > > is a > > > > > > logical impossibility. > > > > > > > "Is he going to give more money to nontaxpayers?" O'Leary > > > > > > questioned. > > > > > > "You can't give a tax cut to 95 percent of Americans if only 70 > > > > > > percent of them pay federal income taxes in the first place. Then > > > > > > again, math may not be Obama's strong suit." > > > > > > >http://worldnetdaily.com/index.php?fa=PAGE.view&pageId=76971-Hidequot...- > > > > > > - Show quoted text -- Hide quoted text - > > > > - Show quoted text -- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
