On 23/04/2010 7:15 PM, bpuharic wrote:
On Fri, 23 Apr 2010 18:54:00 -0600,
wrote:

On 23/04/2010 6:03 PM, bpuharic wrote:
On Fri, 23 Apr 2010 17:22:08 -0600,
wrote:

CDO's went from $1 billion in 96 to $62 TRILLION in 2006.

but the right wing ignores this 'cuz it involved rich people

How does it not involve rich people?

Basically USA is bankrupt and the only thing saving it is "US is too big
to fail...". Or is perceived that way. Anyone who looks at the numbers
in a rational way knows it will never be payed off and is a ticking time
bomb.

Don't worry, they will tax the hell out of your grandchildren for the
retirement obligations, like they do in UK and Canada.

and if the middle class today was homeless, how would that work out
for their kids?

Might be better to say fewer middle class exist today. If you are
homeless and used to have one, then you dropped out of middle class.

and, yes, this involves the rich. the right, however, just ignores
that and blames it all on the middle class

You just like blaming others. The rich didn't make the stupid take out
loans they could not afford. Debt losers can try to shirk their
responsibility but a welsher is a dime a dozen.

As China grows, the US will shrink economicially, that is in fact what
we are seeing. I figure it will be less than 10 years and the Chinese
economy will be larger, and could happen sooner.

for 1000 years china's econmy was the largest in the world. it would
be unusal if they didn't regain that position, with 1.5 Billion
people...5X what we have

Yep. But will make many Americans like you sour as your wealth diminishes.

Bankruptcy laws shoudl be tight. Letting liberals easily welsh and
create defunct uncontrolled debt is what got us into this depression.

?? first you say congress decided debt was good then when it's
pointed out this is wrong you say congress was good for tightenin
rules....

do you read what you write?

I have always said congress controls the money supply. President does
not operate in a vaccum here.

once again the right wing wants to blame the middle class

They voted for cheap easy liberal debt and sold America cheap

well, no they didn't. they didnt vote for CDO's of 62 TRILLION
dollars. they didnt vote for economic collapse.

once again teh right blames the middle class instead of wall street.

Yes they did. Their representatives tehy sent to DC did just that.
Most people pre-depression were middle class. Not sure what the current
numbers are, but bet the majority still is.

. True
conservatives have been screeming for decades to stop the madness. But
no one wants to believe Ron Paul circa 2003 when he said the big debt
depression is coming. Evey liberal pansi pandering idiot just wanted
cheap easy debt.

and in 2003 congress and the white house were controlled by the
conservative free market fanatics

how's that work out?

It started with the peanut farmer Carter and later Clinton that didn't
want a repeat of 1981 interest rates. Cheap easy debt.

Congress wanted cheap easy debt and created the debt bubble. Blame Bush
all you want, but debt is congress and it has been democriters ball game.

nope. the biggest spender in history: george bush and ronald reagan.
they increased the debt more than any other presidents in US history.

Nope, wrong. Only took Reagan one trillion in his terms. That didn't
last 8 months with Obama.

and reagan didnt face the prospect of economic collapse. you simply
are unaware of current economic issues.

Yes he did. But he stopped it from going into a depression by leaving
more money in working taxpayers wallets. It worked too as it addressed
the issue head on.

Look at Greece, might be small potatoes but when sovern debt goes bad
the economic system will unravel and eventually we be looking at 25%
mortgage rates, if you qualify. This is the time to get out of debt as
fast as you bloody can.

well no. sometimes debt is needed. ever hear of ww2?

you're an economic cripple

Tell that to my accountant. He say I should retire but I don't think I
am old enough.

Think since 2007 and the end of 2010 the US national debt will go from
$9 to 14.5 trillion. $5.5 trillion increase in just 3 years. And no
abatement in sight because Obama and democriters haven't done **** to
stop it.

which is lower, as a % of our GDP, than we faced in ww2.

Going to issue war bonds now? LOL. The current debt is ponzi debt, US
government lending to itself on the currency account. Inflationary.
Can't last, something is going to give.

Sorry, I am not buying. Slight problems with the rates, credit risk and
inflation futures. I leave such crappy investments for others.

Debt to GDP maters little, it is your ability to pay the debt. And
right now the USA has no functional ability to pay its debt as it is in
big time structural deficit. And to back the currency, interest rates
will be going up shortly, and DC is so screwed. Raise rates or eat
hyper stagflation. Not pretty either way. I hear Greece needs to pay
9% on May futures and going up.

you're an economic crippse.

I would put you in touch with my tax accountant but I don't think 1) you
could afford him and 2) you don't need one.

In 15 years 80% of the USA will have no health care beyond bone setting
and birth. Social Security will likely be so low or discontinued. Get
used to Debt America in this century.

you're an economic cripple

LMAO.

--
Socialism and statism are great as long as someone else pays for it.

On Fri, 23 Apr 2010 20:08:43 -0600, Canuck57
wrote:

On 23/04/2010 7:15 PM, bpuharic wrote:
On Fri, 23 Apr 2010 18:54:00 -0600,
wrote:


Don't worry, they will tax the hell out of your grandchildren for the
retirement obligations, like they do in UK and Canada.

and if the middle class today was homeless, how would that work out
for their kids?

Might be better to say fewer middle class exist today. If you are
homeless and used to have one, then you dropped out of middle class.

ROFLMAO!!! so now he engages in wordplay...if you impoverish 25% of
americans...throw them and their kids in the street we have no problem
because they're no longer middle class

HAHAHAHAAHAHAH!!!


and, yes, this involves the rich. the right, however, just ignores
that and blames it all on the middle class

You just like blaming others. The rich didn't make the stupid take out
loans they could not afford

the rich created 62 TRILLION DOLLARS in collateralized debt
oblgiations they KNEW were toxic and sold them to each other...THEN
when the bill came due they ran to the middle class and told US to pay
the bill

but you? they're rich so it's OUR FAULT

typical right wing HATRED of the middle class.


As China grows, the US will shrink economicially, that is in fact what
we are seeing. I figure it will be less than 10 years and the Chinese
economy will be larger, and could happen sooner.

for 1000 years china's econmy was the largest in the world. it would
be unusal if they didn't regain that position, with 1.5 Billion
people...5X what we have

Yep. But will make many Americans like you sour as your wealth diminishes.

you're an economic cripple. if productivity increases we can ALL grow
in income. if we have responsible economic polices, instead of giving
ALL our money to the rich we can ALL have a better life

but you? you want 25% unemployment. toss the middle class into the
street AFTER they pay the bills of the rich

because the rich are gods.


Bankruptcy laws shoudl be tight. Letting liberals easily welsh and
create defunct uncontrolled debt is what got us into this depression.

?? first you say congress decided debt was good then when it's
pointed out this is wrong you say congress was good for tightenin
rules....

do you read what you write?

I have always said congress controls the money supply. President does
not operate in a vaccum here.

actually the fed controls the money supply. that's it's job

you're an economic cripple


once again the right wing wants to blame the middle class

They voted for cheap easy liberal debt and sold America cheap

well, no they didn't. they didnt vote for CDO's of 62 TRILLION
dollars. they didnt vote for economic collapse.

once again teh right blames the middle class instead of wall street.

Yes they did. Their representatives tehy sent to DC did just that.

well no. since the right preached the religion of unregulated
capitalism, the rich folks, after they PAID for the politicians to
deregulate them, took advantage of the situation

you keep ignoring 62 TRILLION in CDO's. you just ignore that. why?
because the RICH did that. but the middle class, you say, is to blame
for EVERYTHING.

Most people pre-depression were middle class. Not sure what the current
numbers are, but bet the majority still is.

that's correct because obama's spending stabilized the economy.

you're an economic cripple


and in 2003 congress and the white house were controlled by the
conservative free market fanatics

how's that work out?

It started with the peanut farmer Carter and later Clinton that didn't
want a repeat of 1981 interest rates. Cheap easy debt.

and deregulatd financial markets. 30 y ears of right wing free market
religoius dogma


and reagan didnt face the prospect of economic collapse. you simply
are unaware of current economic issues.

Yes he did. But he stopped it from going into a depression by leaving
more money in working taxpayers wallets. It worked too as it addressed
the issue head on.

actually he didn't. he turned economic policy over to paul
volker...the guy who obama uses today...and volker stalibilzed the
economy

reagan left money in the wallets of the rich. he broke labor unions,
and gutted worker protection. he did NOTHING for the middle class.



well no. sometimes debt is needed. ever hear of ww2?

you're an economic cripple

Tell that to my accountant. He say I should retire but I don't think I
am old enough.

ROFLMAO!!! what does this have to do with debt??

you're an economic cripple.


Think since 2007 and the end of 2010 the US national debt will go from
$9 to 14.5 trillion. $5.5 trillion increase in just 3 years. And no
abatement in sight because Obama and democriters haven't done **** to
stop it.

which is lower, as a % of our GDP, than we faced in ww2.

Going to issue war bonds now? LOL. The current debt is ponzi debt, US
government lending to itself on the currency account. Inflationary.
Can't last, something is going to give.


tell it to roosevelt.


Debt to GDP maters little, it is your ability to pay the debt.

ability to pay debt? measured by GDP

you're an economic cripple

And
right now the USA has no functional ability to pay its debt as it is in
big time structural deficit

sure it does. once people go back to work we can pay down debt

you? you'd toss 25% of people into the streets to protect the rich.



you're an economic crippse.

I would put you in touch with my tax accountant but I don't think 1) you
could afford him and 2) you don't need one.

yeah. i, like 100,000,000 others in my position, got raped by the rich

On 24/04/2010 4:38 AM, bpuharic wrote:
On Fri, 23 Apr 2010 20:08:43 -0600,
wrote:

On 23/04/2010 7:15 PM, bpuharic wrote:
On Fri, 23 Apr 2010 18:54:00 -0600,
wrote:


Don't worry, they will tax the hell out of your grandchildren for the
retirement obligations, like they do in UK and Canada.

and if the middle class today was homeless, how would that work out
for their kids?

Might be better to say fewer middle class exist today. If you are
homeless and used to have one, then you dropped out of middle class.

ROFLMAO!!! so now he engages in wordplay...if you impoverish 25% of
americans...throw them and their kids in the street we have no problem
because they're no longer middle class

HAHAHAHAAHAHAH!!!


and, yes, this involves the rich. the right, however, just ignores
that and blames it all on the middle class

You just like blaming others. The rich didn't make the stupid take out
loans they could not afford

the rich created 62 TRILLION DOLLARS in collateralized debt
oblgiations they KNEW were toxic and sold them to each other...THEN
when the bill came due they ran to the middle class and told US to pay
the bill

but you? they're rich so it's OUR FAULT

typical right wing HATRED of the middle class.


As China grows, the US will shrink economicially, that is in fact what
we are seeing. I figure it will be less than 10 years and the Chinese
economy will be larger, and could happen sooner.

for 1000 years china's econmy was the largest in the world. it would
be unusal if they didn't regain that position, with 1.5 Billion
people...5X what we have

Yep. But will make many Americans like you sour as your wealth diminishes.

you're an economic cripple. if productivity increases we can ALL grow
in income. if we have responsible economic polices, instead of giving
ALL our money to the rich we can ALL have a better life

but you? you want 25% unemployment. toss the middle class into the
street AFTER they pay the bills of the rich

because the rich are gods.


Bankruptcy laws shoudl be tight. Letting liberals easily welsh and
create defunct uncontrolled debt is what got us into this depression.

?? first you say congress decided debt was good then when it's
pointed out this is wrong you say congress was good for tightenin
rules....

do you read what you write?

I have always said congress controls the money supply. President does
not operate in a vaccum here.

actually the fed controls the money supply. that's it's job

you're an economic cripple


once again the right wing wants to blame the middle class

They voted for cheap easy liberal debt and sold America cheap

well, no they didn't. they didnt vote for CDO's of 62 TRILLION
dollars. they didnt vote for economic collapse.

once again teh right blames the middle class instead of wall street.

Yes they did. Their representatives tehy sent to DC did just that.

well no. since the right preached the religion of unregulated
capitalism, the rich folks, after they PAID for the politicians to
deregulate them, took advantage of the situation

you keep ignoring 62 TRILLION in CDO's. you just ignore that. why?
because the RICH did that. but the middle class, you say, is to blame
for EVERYTHING.

Most people pre-depression were middle class. Not sure what the current
numbers are, but bet the majority still is.

that's correct because obama's spending stabilized the economy.

you're an economic cripple


and in 2003 congress and the white house were controlled by the
conservative free market fanatics

how's that work out?

It started with the peanut farmer Carter and later Clinton that didn't
want a repeat of 1981 interest rates. Cheap easy debt.

and deregulatd financial markets. 30 y ears of right wing free market
religoius dogma


and reagan didnt face the prospect of economic collapse. you simply
are unaware of current economic issues.

Yes he did. But he stopped it from going into a depression by leaving
more money in working taxpayers wallets. It worked too as it addressed
the issue head on.

actually he didn't. he turned economic policy over to paul
volker...the guy who obama uses today...and volker stalibilzed the
economy

reagan left money in the wallets of the rich. he broke labor unions,
and gutted worker protection. he did NOTHING for the middle class.



well no. sometimes debt is needed. ever hear of ww2?

you're an economic cripple

Tell that to my accountant. He say I should retire but I don't think I
am old enough.

ROFLMAO!!! what does this have to do with debt??

you're an economic cripple.


Think since 2007 and the end of 2010 the US national debt will go from
$9 to 14.5 trillion. $5.5 trillion increase in just 3 years. And no
abatement in sight because Obama and democriters haven't done **** to
stop it.

which is lower, as a % of our GDP, than we faced in ww2.

Going to issue war bonds now? LOL. The current debt is ponzi debt, US
government lending to itself on the currency account. Inflationary.
Can't last, something is going to give.


tell it to roosevelt.


Debt to GDP maters little, it is your ability to pay the debt.

ability to pay debt? measured by GDP

you're an economic cripple

And
right now the USA has no functional ability to pay its debt as it is in
big time structural deficit

sure it does. once people go back to work we can pay down debt

you? you'd toss 25% of people into the streets to protect the rich.

Nope, I didn't. They did it to themselves. I didn't force them to ride
the debt to a point they could not afford what they did.

you're an economic crippse.

I would put you in touch with my tax accountant but I don't think 1) you
could afford him and 2) you don't need one.

yeah. i, like 100,000,000 others in my position, got raped by the rich

Ah, so the truth sneaks out. Loose your home to debt? Get a car
repo'ed? Didn't pay your bills? Got the axe at work? Divorced over money?

No need to be embarased, many a people did and most of the rest are
struggling. The liberalism debt trap. Where you don't *conserve cash
in good times* for the bad times. And debt is viewed as a right not a
tool. The old conservative money management philosophy, never live on
debt beyond your means, maintain a positive cash flow with low debt
means nothing to many.

Hey, Obama only bails out his insider buddies, not even Obama has enough
money to bail out every dysfunctional debtors in the land. Not any
different with Canadian politicians either.

And everyone elses fault but yours.

Funny how many today we are getting the same leasons as people did in
1929-1939. History repeats. Liberalized banking in 1914 gets 1929.
Liberalized banking by Carter and Clinton gets us 2008-20xx.

--
Socialism and statism are great as long as someone else pays for it.