Very Scary

[Sinatra]

So Bush sent us to war over lies, Obama keeps us there, and China pockets the money from our dead soldiers? This just keeps getting better

Your ideology is getting in the way of facts.The wars are a drop in the US fiscal $3.10 trillion bucket) 2009 United States federal budget - Wikipedia, the free encyclopedia

The Iraq war cost us about $2b/month
Financial cost of the Iraq War - Wikipedia, the free encyclopedia

The AFG cost is about $3.5b/month
Data: Afghan War Costs US $3.6 Billion Per Month

Its not the cost of the wars, its the fact that the DC whores moved too many of our factories to China meaning that they now create wealth, and we with our "service economy" are a "debtor nation" forced to borrow from those who create wealth. We now live by borrowing from others.

____

And that is very very dangerous...

 

[Samson]

Meh.....

Nothing wrong with "being under the Chinese."

 

[CrusaderFrank]

You don't suppose this has anything to do with our Muslim Marxist President saying "we're bankrupt" now do ya?

 

[garyd]

Bull shit we could have financed the war in Iraq without borrowing a dime. What killed us was a huge bush increase in social spending that was at a minimum ten times what we have spent for the entire war on Terror per year.

 

[Sinatra]

Bull shit we could have financed the war in Iraq without borrowing a dime. What killed us was a huge bush increase in social spending that was at a minimum ten times what we have spent for the entire war on Terror per year.

True enough.

And now we are doubling down on that idiotic socialized spending spree...

 

[garyd]

MOre like tripling but you get the idea...

 

[Mike458877]

China is now aggressively influencing other foreign investors and thus, greatly increasing the pressures on the American economy.

If the current crop of DC leaders and the Obama White House misstep, the resulting impacts on our economy will be enormous.

Do we really have faith these Democrats have the understanding and resolve to navigate us through these troubled economic waters?

___

Harder to buy US Treasuries
Created: 2009-12-18 0:13:35
Author:Zhou Xin and Jason Subler

IT is getting harder for governments to buy United States Treasuries because the US's shrinking current-account gap is reducing supply of dollars overseas, a Chinese central bank official said yesterday.

...In a discussion on the global role of the dollar, Zhu told an academic audience that it was inevitable that the dollar would continue to fall in value because Washington continued to issue more Treasuries to finance its deficit spending.

He then addressed where demand for that debt would come from.

"The United States cannot force foreign governments to increase their holdings of Treasuries," Zhu said, according to an audio recording of his remarks. "Double the holdings? It is definitely impossible."

"The US current account deficit is falling as residents' savings increase, so its trade turnover is falling, which means the US is supplying fewer dollars to the rest of the world," he added. "The world does not have so much money to buy more US Treasuries."


Full article here:


Shanghai Daily | 上海日报 -- English Window to China News

You know what really sucks? We financed the war in Iraq, which I am willing to venture you supported, with loans from China.

We empowered our future rival for military adventurism.

But this is all Obama's fault, right?

China Reaps Benefits From Our 5-Year War in Iraq - Council on Foreign Relations

oh for God's sake, the blame game can go on through president after president.

Grow a backbone and address the outrageous spending your boy is doing right now!

Fiscally this man Obama is being more damning to us in one year than most have been in 4 years! At this rate we will be sunk before anyone can cast a vote for real change!

Mike

 

[Dr Grump]

oh for God's sake, the blame game can go on through president after president.

Grow a backbone and address the outrageous spending your boy is doing right now!

Fiscally this man Obama is being more damning to us in one year than most have been in 4 years! At this rate we will be sunk before anyone can cast a vote for real change!

Mike

How about growing a pair yourself. Blaming Obama for this mess is like blaming Roosevelt for Pearl Harbour. Until you look at the cause, there will never be a fix..

...the ONLY reason Obama is spending is to try and get your country out of the shit because you had a monkey and his fucktard side kicks running your country for eight years. You have to look at the cause..

Is Obama doing the right thing? Only time will tell..

Squawking around like a chook with its head cut off going "Obama is gonna make us bankrupt" without looking as to why he is doing it, and whether he will be successful is just a load of chicken littling....

And your alternative would be....?

 

[CrusaderFrank]

oh for God's sake, the blame game can go on through president after president.

Grow a backbone and address the outrageous spending your boy is doing right now!

Fiscally this man Obama is being more damning to us in one year than most have been in 4 years! At this rate we will be sunk before anyone can cast a vote for real change!

Mike

How about growing a pair yourself. Blaming Obama for this mess is like blaming Roosevelt for Pearl Harbour. Until you look at the cause, there will never be a fix..

...the ONLY reason Obama is spending is to try and get your country out of the shit because you had a monkey and his fucktard side kicks running your country for eight years. You have to look at the cause..

Is Obama doing the right thing? Only time will tell..

Squawking around like a chook with its head cut off going "Obama is gonna make us bankrupt" without looking as to why he is doing it, and whether he will be successful is just a load of chicken littling....

And your alternative would be....?

Obama is spending like he's a junkie

 

[kyzr]

How about growing a pair yourself. Blaming Obama for this mess is like blaming Roosevelt for Pearl Harbour. Until you look at the cause, there will never be a fix..

...the ONLY reason Obama is spending is to try and get your country out of the shit because you had a monkey and his fucktard side kicks running your country for eight years. You have to look at the cause..Is Obama doing the right thing? Only time will tell..

Squawking around like a chook with its head cut off going "Obama is gonna make us bankrupt" without looking as to why he is doing it, and whether he will be successful is just a load of chicken littling....And your alternative would be....?

Glad you mentioned FDR. Obama is borrowing more than the sum total every president borrowed since FDR. The national debt is projected to $20Trillion by 2015. Look at where it was when he took office
United States public debt - Wikipedia, the free encyclopedia

Then if you read down to the "unfunded liabilities" section you'll find
The present value of these deficits or unfunded obligations is an estimated $41 trillion. This is the amount that would have to be set aside during 2008 such that the principal and interest would pay for the unfunded commitments through 2082. Approximately $7 trillion relates to Social Security, while $34 trillion relates to Medicare and Medicaid. In other words, health care programs are nearly five times as serious a funding challenge as Social Security. Adding this to the national debt during September 2008 of nearly $10 trillion and other federal commitments brings the total obligations to nearly $53 trillion.

My "alternative" would be cutting costs (new entitlements like UHC) and making SS and Medicare solvent. Ignoring the concrete wall that you are speeding toward is only going to make the outcome worse.

 

[Douger]

so, basically... China wins?

Exactamente !
Those little fellas kicked Amurkaz ass in a "war" and never fired a single round.
You didn't even notice as everyone was strolling through Walmart voting with their hard earned dollars. Voting for their own demise, as usual.

OMG!!! OMG !!! Britney got a clit ring !!! Wheeeeeeeeeeeee !!
Idiots.

 

[garyd]

Obama helped stonewall a fix for a lot of the problem along with Ole Barn and Christopher I-owe-my-soul-to-coutry-wide-fannie-and-Freddie Dodd.

 

[Mr.Fitnah]

How about growing a pair yourself. Blaming Obama for this mess is like blaming Roosevelt for Pearl Harbour. Until you look at the cause, there will never be a fix..

...the ONLY reason Obama is spending is to try and get your country out of the shit because you had a monkey and his fucktard side kicks running your country for eight years. You have to look at the cause..Is Obama doing the right thing? Only time will tell..

Squawking around like a chook with its head cut off going "Obama is gonna make us bankrupt" without looking as to why he is doing it, and whether he will be successful is just a load of chicken littling....And your alternative would be....?

Glad you mentioned FDR. Obama is borrowing more than the sum total every president borrowed since FDR. The national debt is projected to $20Trillion by 2015. Look at where it was when he took office
United States public debt - Wikipedia, the free encyclopedia

Then if you read down to the "unfunded liabilities" section you'll find
The present value of these deficits or unfunded obligations is an estimated $41 trillion. This is the amount that would have to be set aside during 2008 such that the principal and interest would pay for the unfunded commitments through 2082. Approximately $7 trillion relates to Social Security, while $34 trillion relates to Medicare and Medicaid. In other words, health care programs are nearly five times as serious a funding challenge as Social Security. Adding this to the national debt during September 2008 of nearly $10 trillion and other federal commitments brings the total obligations to nearly $53 trillion.

My "alternative" would be cutting costs (new entitlements like UHC) and making SS and Medicare solvent. Ignoring the concrete wall that you are speeding toward is only going to make the outcome worse.

Unfunded liabilities are over 100 trillion
U.S. National Debt Clock : Real Time

 

[mudwhistle]

So Bush sent us to war over lies, Obama keeps us there, and China pockets the money from our dead soldiers?

This just keeps getting better

Who's lies...the Dem's?

How can it be a lie if you felt they were there and couldn't find them.

The only ones lying are those claiming he lied.

But I suppose you have to lie about it to make it seem plausible that he lied.

Obama emits bold-faced lies in every single speech, lies that are immediately obvious, and you have the nerve to accuse Bush of lying. If Obama's talking he's lying...because the truth would ruin him.


Fucken Pathetic.

 

[Mr.Fitnah]

so, basically... China wins?

Exactamente !
Those little fellas kicked Amurkaz ass in a "war" and never fired a single round.
You didn't even notice as everyone was strolling through Walmart voting with their hard earned dollars. Voting for their own demise, as usual.

OMG!!! OMG !!! Britney got a clit ring !!! Wheeeeeeeeeeeee !!
Idiots.

Which Britney the one in garden or the one in fabrics and crafts?

 

[kyzr]

She'd make the tough choices that Obama kicks down the road. When he loses in 2012 the next guy/gal gets to hold the bag as the US financial system collapses and Medicare and Social Security go bankrupt. I wonder if Obama will mind if the next prez keeps saying that the Obama admin sunk the US....the Obama admin sunk the US....the Obama admin sunk the US....

 

[ba1614]

China is now aggressively influencing other foreign investors and thus, greatly increasing the pressures on the American economy.

If the current crop of DC leaders and the Obama White House misstep, the resulting impacts on our economy will be enormous.

Do we really have faith these Democrats have the understanding and resolve to navigate us through these troubled economic waters?

___

Harder to buy US Treasuries
Created: 2009-12-18 0:13:35
Author:Zhou Xin and Jason Subler

IT is getting harder for governments to buy United States Treasuries because the US's shrinking current-account gap is reducing supply of dollars overseas, a Chinese central bank official said yesterday.

...In a discussion on the global role of the dollar, Zhu told an academic audience that it was inevitable that the dollar would continue to fall in value because Washington continued to issue more Treasuries to finance its deficit spending.

He then addressed where demand for that debt would come from.

"The United States cannot force foreign governments to increase their holdings of Treasuries," Zhu said, according to an audio recording of his remarks. "Double the holdings? It is definitely impossible."

"The US current account deficit is falling as residents' savings increase, so its trade turnover is falling, which means the US is supplying fewer dollars to the rest of the world," he added. "The world does not have so much money to buy more US Treasuries."


Full article here:


Shanghai Daily | 上海日报 -- English Window to China News

You know what really sucks? We financed the war in Iraq, which I am willing to venture you supported, with loans from China.

We empowered our future rival for military adventurism.

But this is all Obama's fault, right?

China Reaps Benefits From Our 5-Year War in Iraq - Council on Foreign Relations

oh for God's sake, the blame game can go on through president after president.

Grow a backbone and address the outrageous spending your boy is doing right now!

Fiscally this man Obama is being more damning to us in one year than most have been in 4 years! At this rate we will be sunk before anyone can cast a vote for real change!

Mike

Nah, fuck it, we'll just keep playing the blame game forever, round and round, while escalating our spending.
The level of spending is only a concern to politicians until they get into position to do something about it.

 

[SFC Ollie]

oh for God's sake, the blame game can go on through president after president.

Grow a backbone and address the outrageous spending your boy is doing right now!

Fiscally this man Obama is being more damning to us in one year than most have been in 4 years! At this rate we will be sunk before anyone can cast a vote for real change!

Mike

How about growing a pair yourself. Blaming Obama for this mess is like blaming Roosevelt for Pearl Harbour. Until you look at the cause, there will never be a fix..

...the ONLY reason Obama is spending is to try and get your country out of the shit because you had a monkey and his fucktard side kicks running your country for eight years. You have to look at the cause..

Is Obama doing the right thing? Only time will tell..

Squawking around like a chook with its head cut off going "Obama is gonna make us bankrupt" without looking as to why he is doing it, and whether he will be successful is just a load of chicken littling....

And your alternative would be....?

Point is we are already too far in debt and Mr Obama is sinking us further into debt at (dare I say it) Free fall speeds. You do not fix a debt problem by doubling that debt. Regardless what was done in the past we do not have the means to go back in time to fix it. We can only fix the here and now. And spending is not the answer.

 

[Mr.Fitnah]

Published on ShanghaiDaily.com (Shanghai Daily | 上海日报 -- English Window to China News)
Harder to buy US Treasuries -- Shanghai Daily | 上海日报 -- English Window to China New


Harder to buy US Treasuries
Created: 2009-12-18 0:13:35
Author:Zhou Xin and Jason Subler


IT is getting harder for governments to buy United States Treasuries because the US's shrinking current-account gap is reducing supply of dollars overseas, a Chinese central bank official said yesterday.

The comments by Zhu Min, deputy governor of the People's Bank of China, referred to the overall situation globally, not specifically to China, the biggest foreign holder of US government bonds.

Chinese officials generally are very careful about commenting on the dollar and Treasuries, given that so much of its US$2.3 trillion reserves are tied to their value, and markets always watch any such comments closely for signs of any shift in how it manages its assets.

China's State Administration of Foreign Exchange reaffirmed this month that the dollar stands secure as the anchor of the currency reserves it manages, even as the country seeks to diversify its investments.

In a discussion on the global role of the dollar, Zhu told an academic audience that it was inevitable that the dollar would continue to fall in value because Washington continued to issue more Treasuries to finance its deficit spending.

He then addressed where demand for that debt would come from.

"The United States cannot force foreign governments to increase their holdings of Treasuries," Zhu said, according to an audio recording of his remarks. "Double the holdings? It is definitely impossible."

"The US current account deficit is falling as residents' savings increase, so its trade turnover is falling, which means the US is supplying fewer dollars to the rest of the world," he added. "The world does not have so much money to buy more US Treasuries."

China continues to see its foreign exchange reserves grow, albeit at a slower pace than in past years, due to a large trade surplus and inflows of foreign investment. They stood at US$2.3 trillion at the end of September.

 

[Mr.Fitnah]

Lets spends some more!