"Eisboch" wrote in message
...

"Steve" wrote in message
...

On 12-Jan-2010, "nom=de=plume" wrote:

I don't care who did this, we gotta' stop it fast!! Kick 'em all out,
start over.

http://www.usdebtclock.org/

Just frekin' crazy...


It's an interesting site. Thanks. It's not as scary as it looks. We've
got

problems, big ones, but we're not in crisis mode as far as debt and
deficit
goes.

As soon as foreign succesful, functional countries like red China and
Japan
quit financing the whoreish follies of the U.S., the U.S. has no choice
but
to default, and your Walmart wages won't even keep you in cheap Asian
automobiles or junk from 3rd world countries.

Give up on the government - YOU can change it, the parasites in congress
or
any administration will not.



Last weekend I listened to an interesting discussion on a radio station
regarding the
economic condition in the USA. It was surprising and revealing because
it did not focus on
the media hype we hear everyday.

A few summary points that were made:

Roughly 85 percent of the average American's income is spent on
non-discretionary spending, meaning mortgage payments, rent, car payments,
food, utilities ... etc. This spending does not go directly to
off shore manufacturing companies or Wal-Mart. Even in these tough
recessionary times, most people are staying above water with these
spending obligations. There are those in trouble for sure and they need
assistance getting through tough times, but the majority are holding their
own.

What is down big-time is discretionary spending which accounts for the
other 15 percent of all spending. This includes entertainment, going out
to dinner, and the purchase of items not necessary, but desired. Of this
15 percent, only 25 percent of *it* is spent on items manufactured
overseas.

Gives you an idea of the size of the overall US economy.

The economy isn't in a downward free-fall. The biggest problem that
exists in this recession is
unemployment. If the government is going to help anything, it should be
focusing on the creation of jobs, not bailouts to financial institutions.
There is some evidence that the current administration has finally come
around to understanding this. The jobs can't be temporary *make work*
programs.
The way to create jobs is to stimulate and encourage businesses, primarily
small ones, to expand and hire. So far, the approach has been economic
band-aids. Things will get better when solid, beneficial initiatives are
put in place that benefit small business if they expand, grow and hire.

Now back to your regular programming ....

Eisboch

Sounds very reasonable. Who were you listening to? I've heard very similar
from someone (can't remember the name) on one of the many NPR shows.

--
Nom=de=Plume