MadHound Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Mar-23-11 01:46 AM
Original message
Spending like drunken sailors on war while the US is headed towards economic Armageddon
Just days after launching our latest round of war, the president of the Dallas Federal Reserve came out with this chilling statement:
"If we continue down on the path on which the fiscal authorities put us, we will become insolvent, the question is when,"
<http://www.cnbc.com/id/42209447 >
Yes, the economic path we're on has become so dangerous that members of the Fed are feeling compelled to point out the problems that became obvious to us years, even decades ago. We simply cannot continue to engage in reckless spending, year in, year out, and not expect there to be consequences.
The vast bulk of that spending goes towards our military adventures, like those in Iraq, Afghanistan, and now Libya. Questions of the morality of engaging in Libya aside, the simple, brutal truth of the matter is we simply cannot afford our wars in Iraq or Afghanistan, much less opening another war in Libya.
Look around you, your friends, neighbors, communities. We are hurting. The persistently high rate of unemployment and underemployment continues unabated, and will continue until we put a true job creation program in place. Our infrastructure is crumbling due to years and decades of neglect, and it won't be fixed until we start paying for it. Public education is being ravaged, and will continue to disintegrate until we start investing in schools, teachers and students, rather than trying to do public education on the cheap.
The list of ills caused by lack of money goes on and on, and it will continue to grow as long as we keep spending our money on war. The time has come for us to stop transferring wealth from the poor, working and middle classes into the pockets of the wealthy elite in the MIC.
For if we don't, we will take the Soviet option of ending empire, spending our treasure on war while the rest of our country crumbles away beneath us.
"
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x721746Now wait a second, I could have sworn the primitives kept saying there is no economic crisis, that all the spending was good for us, and on and on.
Now that we are spending money on a war effort all of a sudden the economy is in crisis?
I'm not saying that spending more on yet another war effort right now, doesn't have the potential to make things worse, I'm pointing out how they changed their tune and all of a sudden spending is a problem.
Quantess Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Mar-23-11 01:55 AM
Response to Original message
2. We simply cannot afford it.
The drain is circlinmg ever faster, as america swirls down the toilet.
I'm sure if the same exact amount money was going towards some socialist pie in the sky program that spending would not be your concern.
quaker bill (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Mar-23-11 05:50 AM
Response to Original message
6. I am no fan of war
but I grow really tired of the "we can't afford this" meme. We are still the richest country on the planet. We can afford Social Security, universal healthcare, good roads, good schools, and this action in Libya. We simply need to start collecting revenue from those who have all the money.
Some consistency here, we can tax the hell out of everyone, especially the rich and have all our socialism and wars too.
quaker bill (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Mar-23-11 08:04 PM
Response to Reply #9
31. Right, you just collect taxes
We are not deep in a hole. We aren't collecting taxes from the people who have all the money. The economy thrived far better than anything we have witnessed since Nixon at vastly higher tax rates on wealth. The top 2 percent have more wealth than the bottom 50 combined.
It is really quite simple, collect taxes. It is actually the thought out approach. Yelling that we are going broke is the current unthought nonsense and a product of much republican propoganda.
What happens when the people you want to tax, run out of money?
Quantess Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Mar-23-11 07:14 AM
Response to Reply #11
14. Fine, but we still can't afford it.
Wars are very expensive. Where is that money going to come from, if we don't collect more in taxes? We are already heavily in debt.
You have a point about the politics, but, this will just drive the USA even deeper into debt.
Yep we all know how concerned DUmmies are with not spending.
Octafish Donating Member (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Mar-23-11 11:41 AM
Response to Original message
25. Don't worry. Be happy. Updated at 11:15 PM
*picture of Obama on the golf course*
OUCH!!
It just amuses, amazes, and baffles me that now all of a sudden, the goons worry about spending.
