I can't take credit for it. it was sent to me by a great friend that moved up from Mexifornica. He was there for all his life and watched it go from a beautiful city to an extension of Mexico. One thing I noticed, that there were no quotes as to the amount of billion of dollars that are sent back to Mexico from the illegals that work here tax free. Anyhow....only one of the major financial fuck ups our country is involved in. They are going to continue to IDB us until we say no! to them. We, as taxpayers, need to start our own "JUST SAY NO!" campaigne.
It's the same over here misawiskas, we don't have Mexicans, but we have every other Countries people, mostly Pakistanis and Polish people. To quote from a newspaper "The figures show that in a total of 1,338 primary and secondary schools - more than one in 20 of all schools in England - children with English as their first language are in the minority." The main difference is it's all legal here, if you live in the EU you can move anywhere you like within the EU legally and work there.
So the mods are editing people's posts for no reason? Also all of you are crying about illegal immigration AGAIN need to reread the O.P. Our current state of affairs aren't because of illegal immigrants but rather from the lack of ability to save and not just spend spend spend.
I'm still leaning towards it being a fucking economic cycle. The gov't has always spent stupid amounts of money on shit at times (think proportionally, remember inflation). That paper seems really sensational to me. Here's to me being right hopefully.
i think all mexican babies shoudl be killed what do u guys think that way we dont spend that much money. or u can have all illegals be legalized by paying a fine and you can bet your ass off all that money starts coming back
Added up, the illegal immigrant spending is a drop in the bucket, costing no more than a few B-2 bombers, and less than we spend in a few months in Iraq and Afghanistan. And all of that is dwarfed by our National Debt, which is over NINE TRILLION DOLLARS! That's NINE THOUSAND BILLION dollars! Just paying the interest on this debt consumes 8% of the entire Federal Budget for 2007 (Fed Budget is about 2.8 trillion dollars, or 2 thousand 800 billion) Our total receipts for 2007 are about 2.4 trillion. A gap of about 400 billion dollars there. Financing the interest on the debt is 200 billion, and accounts for HALF of this deficit. At the moment I type this, it is currently: Who are the creditors? Strangely enough, each person's share of the National Debt, isn't much different from the average person's total personal debt, if you include mortgages and car/major appliance loans, as well as credit card debt.
QFT, its not like this is the first time anyone claimed the sky is falling... it’s not like its 100th.... It’s been a good 6 years or so since anything really shook the markets. Corrections happen; it’s a fact of life. The longer markets go well, the greedier investors and companies get. The greedier they get, the stupider the risks they take in the name of profits. Like when banks start giving mortgages to people who quiet clearly shouldn’t have mortgages, the using them as assets backed debt securities to lend even further stretching themselves way to thin… buy hey, it’s been 5-6 years since the last market tumble, and its only happened every 5 or 6 years for the last 60 years or so, Nothing could happen this time! As always, things will recover. Everyone thought the tech bubble was the end of the world as we knew it to, and life went on. The prospects of everyone in America, a country with some the wealthiest population in the world simply collapsing doesn’t happen, not in this day and age. Are we in the a rough year, possibly a rough couple of years? Yes. But the world isn’t ending. The US Gov certainly does need to adjust their spending habits and focus a lot more on internal problems rather than worry about waging war on everything from terror to drugs, but its not like this is the first time they have been caught with their pants down financially.
Did you even read the article? It is not about the stock market or the crumbling business market. It is about the astronomical debt that our government has taken on and the fact that there is no end in sight. When the bill collectors come to collect, we will be pulling out our pockets (the government will) and trying to hand them monopoly money, since thats what it will be worth. This isn't a doomsday scenario, this is something that has happened time and time again for any country that disconnected a precious metal standard from their printed money. There is a reason our forefathers who created the country didn't want printed money, not because they wanted us to lug around a lot of precious metal, but because they have seen economies collapse and its all due to the banking system and credit/debt. All we can do is slow the inevitable, hopefully we will be lucky and it wont hit while we are alive.
Actually, for most voters, it's a case of we(taxpayers) require this to be done to us. We pillory anyone who tries seriously to take on either side of the equation (spending on entitlements or raising taxes on someone or other). Old folks are a huge voter block, so Social Security Payments shall NOT BE TOUCHED, ditto for Medicare. Nobody is going to be seen as "soft on Defence", but rather compete with each other over how hawkish their spending can be. Earmarks/lobbyist-payola and corporate welfare are sacred to contributors, and as such are immune to voter wrath with politicians. Nobody likes paying higher taxes to pay for any of it, and calling for such is like putting your neck in the noose and pointing helpfully to the lever on the platform. Every candidate who has ever talked the depressing sensible truth about this, has been run over in primaries/caucuses, by the "this isn't that bad" people. As with most bubbles, voters have an irrational... if not exuberance... lack of abhorrence to the problem. In fact, once the NeoCons took office (or NeoImperialists, as I like to call them) all fiscal restraint that we had so painfully developed went out the window, as DeLay bought Abramov favors with earmarks for everybody, while taxes were cut, and several "off-budget" supplementals were passed for the Iraq war, which don't show up in the official budget. Bush has only discovered fiscal responsibility since the "other side" took over Congress... Oh, and if you look at the graph of how the deficit is increasing over time, it's an almost classic geometric progression. I'm reminded of the old story about the King of a Country, who was grateful to someone who saved his life, and asked him what he wanted in return. The man pointed to a Chess board and said, just put one grain of wheat on the first square, and double the amount for the next square. Keep doing this to the last square. The King agreed, seeing no problem with this. However, after calculating that the entire wheat stores of the Country would not be enough to fill the last square, the King had this man executed. We are in a Ponzi scheme, with all the Financial Institutions shuffling around debts of ever increasing amounts. As long as they can shuffle fast enough to keep ahead of any payment crunch, things go along fine. It's when you see what happened with the Mortgage meltdown, that you see what happens when the institutions can't shuffle fast enough to avoid massive payment failures. For my final fun fact, the National Debt of 2007 is THREE TIMES that of the National Budget, which itself is spending more than the Federal Government's National Income for 2007. Paying interest payments on this huge debt load is consuming close to 10% of said budget. Social Security Checks are being paid by loans from the Federal Reserve Banks quite literally.
My point exactly. social welfare programs aren't cheap. look at these dates and imaging what it is today: Social Welfare Expenditures Under Public Programs as Percent of GDP and Total Government Outlays statistics - USA Census numbers well, the illegals can be an example in this case. There may be benefits to going off the grid. other than that voting is almost worthless imo, but we can try.
I think legalizing the illegals could help the economy, think about it, theres 12 millions immigrants, charge em 5 grand to legalize, 12,000,000 X 5,000 = 60,000,000,000 .
Well with all this terrible financial news, we can at least be thankful that Hillary's universal health care plan is a gift.
well you gotta do something, its just gonna get worse, put a big ass fence and take care of the problem inside. simple
At any rate, I've been in financial ruin since the dotcom bullshit. Havent recovered, never will. I have alot less distance to fall than those trying to finance homes and raise a family, or pay back huge assed colledge loans. If anything is going to change, we'll have to pull back from helping other countries and fix our own problems before always attempting to manipulte others in the name of "helping them. I do not see that happening. Russia took a hit at the so-called end of the cold war, look at them now. They're still there and economy is growing. Does anyone realize why they reitterated their right to pre-emptive (preventative) nuclear strikes and the fact that they still have nuclear capability lately? They're not stating anything new, just reminding the west. Personally, I see the futility in 'giving a fuck'.
