On 22/07/2011 6:08 PM, TopBassDog wrote:
... that FDR's New Deal solved the Great Depression? Actually, it
didn't. It's uncertainty, big spending, and regulation that prolonged
the Depression. FDR's Treasury Secretary, Henry Morgenthau, admitted:
"We have tried spending money. We are spending more than we have ever
spent before and it does not work."

Did you know that Herbert Hoover made the Depression worse because as
president...he did nothing? The Washington Post believes that. In
2008, the paper claimed GW Bush was "today's Herbert Hoover" because
of his "dogged resistance to assisting anybody." Actually, Hoover
increased spending by 53.5% during his presidency. He signed bad big-
government bills like the Davis-Bacon Act and the Smoot-Hawley Tariff.
He started huge public works projects like the Hoover Dam. Hoover was
a big spender -- like Obama.

It isn't just the debt it is the whole fraud way it is being handled
since 2007 with the democrat congress and Bernanke fraud. Low interest
rates has a lot to do with this.

Presidents before 2007 borrowed real money for the most part.
treasuries issued, people bought them as you would get a return just
above inflation.

Yet interest rates were slammed to zero because Bernanke creates
trillions of fraud no-value money....faster than Americans consume
toilet paper. So the money the treasure gets isn't even real money.
Hover and others borrowed real money, even for WW II they used war
bonds...but real money.

So with low rates, business can earn less and pay less taxes. People
buy less for the inflation eats up the income. Less products, less
jobs, even less taxes. Businesses need to stay a little profitable so
they lay off even more and the vicious cycle continues as more wealth is
consumed by government than is produced by the economy.

Materially not much has changed with he rate of taxation since 2006.
Bit today in real dollars the revenue from income is 2/3rd of what it
was in 2006. Yep, a 1/3rd decrease in earnings and tax generating
taxable wealth. Heck, government doesn't even get to tax interest and
dividends as much.

Add in Obama on a spending binge, well, fast road to Bankrupt USA.

What a better way to destroy the USA....

Some just needs to say no more debt fraud.

Obama, Bernake, democrats are either the dumbest ****s on earth not to
see this, or they need to be hung as traitors to America.

--
Obama, enslaving Americans with debt-tax slavery for a spending binge.
Doesn't even borrow real money, Bernanke just creates it like a
counterfeiter. .