Re: Change we can believe in, or meet the new boss, same as the old boss?

Get real. Are you suggest we stop selling government bonds to all that wish
to invest in America? LOL

"Jeff" <jeff.utz@xxxxxxxxx> wrote in message
news:a864093a-5242-450c-b2bf-ba348c6cba5f@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
On Nov 10, 11:55 am, "Mike Hunter" <mikehunt2@lycos/com> wrote:
That may be your opinion but the ANNUAL budgets are the purview of the
Congress, not the President. No Presidents proposed budget has ever been
adopted as submitted to the Congress.

Yet the annual budgets are sent to the President as bills that he must
sign. Rarely is a budget made into law by overriding a veto.

Of course Bonds are a debt, but my point is the Chinese government is not
buying bonds at the rate Chinese and other investors in and outside the
US,
like myself are buying US Bonds. The fact is the majority of the money
invested in US Bonds comes from within America.

Key word: Majority.

A portion of a trillion dollars is still lots of money.

I see you deleted the portion of my post that referenced the US
Governments
"investing" SS finds in US Bonds that account for the largest portion of
the
NATIONAL debt. If SS and Medicare are not changed soon the Medicare and SS
dept will be a larger part of the ANNUAL budget than ALL other
expenditures,
including national defense, combined.

Paying the SS and Medicare debt is not any different than paying back
the debt to China.

I guess you were not around when FDR and Jimmy Carter where President. The
highest inflation and interest rates in our history LOL

Which is relevant how?

Jeff

"Adam Corolla" <nos...@xxxxxxxxxxxxxxxxxxxxx> wrote in message

news:7eGdnWdeU88IDYrUnZ2dnUVZ_gmdnZ2d@xxxxxxxxxxxxxxx



"Mike Hunter" <mikehunt2@lycos/com> wrote in message
news:isSdnRl_AMsFqYrUnZ2dnUVZ_rPinZ2d@xxxxxxxxxx
Tell us where you got the idea we "borrow" money from China?

By selling them bonds, which are essentially IOUs. If you don't think
selling bonds is borrowing money, you couldn't pass a third-grade math
test.

Investors from around the world including those in China, and many
Americans like me, buy US government Bonds because the US is the most
stable Government and economic system in the WORLD.

Nope. Since Reagan was elected, the US can't even support itself when
under a Republican president. Check out the third graph (since you
obviously have trouble with math, it's the one in purple):

http://www.brillig.com/debt_clock/faq.html

Now, here it is colorized to make it easier to see how presidential
budgets affect the national debt:

http://i50.photobucket.com/albums/f331/qwertyuiopass/debtgraph.jpg

But that only tells part of the story. The national debt as a percentage
of the GDP is a more accurate way to look at what's happening:

http://zfacts.com/p/461.html

Skyrocketing national debt DOES NOT MAKE A STABLE ECONOMY.

The neocons, beginning with Reagan, instituted a policy of
borrowing-and-spending that's never been seen before. They told people
that cutting taxes (for the rich) magically created more money and
boosted
the economy, when in reality they stimulated the economy by borrowing
trillions and spending it all on US goods and services.

If you listen to what they say, you'll be misled. Look at the facts
instead of listening to what the Republicans are telling you.

What are the teaching our public schools today?

How should I know? I graduated high school in 1983.

"Neo-con," is a more appropriate term for the tax and spend Democrats
than
Republicans.

That's pure ignorance. "Neocon means "new conservative" but the term
should more accurately be pseudocon, because Reagan and the Bushes were
less conservative than Clinton and even Carter, for shit's sake. That
Democrats are the tax-and-spend party is a myth the Republicans have
repeated until it becomes common "knowledge." Want the facts? Look at
the graph. Look at the numbers. Clinton actually reduced the
inflation-adjusted debt and at the same time had the lowest jobless rate
in decades, because he was more fiscally conservative than the two that
came before him.

Repulsions like most Americans are CONSERVATIVES not neoconservatives.

Repulsions? Freudian typo? Yeah, SOME Republicans, like Ron Paul, are
conservatives, but the Republican party has largely been taken over by
the
neocon Reagan/Bush/Dubya Republicans, who are a lot more reckless with
the
economy than the Democrats have been. I'd say line them up and shoot
them, but why waste a bullet when you can just hang them. True
conservatives should kick the pseudocons the hell out of the Republican
party for good.


.

Relevant Pages

  • Re: Change we can believe in, or meet the new boss, same as the old boss?
    ... Congress, not the President. ... Rarely is a budget made into law by overriding a veto. ... buying bonds at the rate Chinese and other investors in and outside the US, ... but the Republican party has largely been taken over by the ...
    (alt.autos.toyota)
  • Re: Change we can believe in, or meet the new boss, same as the old boss?
    ... That may be your opinion but the ANNUAL budgets are the purview of the ... buying bonds at the rate Chinese and other investors in and outside the US, ... I guess you were not around when FDR and Jimmy Carter where President. ... Democrats are the tax-and-spend party is a myth the Republicans have ...
    (alt.autos.toyota)
  • Re: Commuter rail bond interest rates?
    ... > So the public debt is much higher than the published figures, ... The debt of the US Govt is accurate, ... Due to the tax-exempt nature of govt bonds, ... > normal budget. ...
    (sci.econ)
  • Re: {OT:} Bush did it - he bankrupted America
    ... there is a budget surplus, the Government still continues to sells bonds. ... the while telling us the Bush tax rate cuts don't help the econmy. ...
    (alt.autos.toyota)