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An attitudinal change is underway in the USA. Resentment is now a virtue. Remember "Vote vote vote for revenge". I am afraid this is going to have unintended consequences for the economy. If hard work, plus ingenuity, is to be mocked and the proles slobber over making him or her hand it over for re-distribution, the country is going into uncharted waters. Marx would love it. Perhaps he and Stalin are cheering from hell. Resentment already is holding back educational achievements for the most vulnerable. Not a month goes by that some poor urban teenager is bullied or worse by envious people who dislike him because he "acted" ambitious in school If succeeders are villains, America is finished, soon to be another bankrupt state.
Where's the Beach Boys when YOU need them? Brian Wilson, will you please write new lyrics to your American classic: "SERFIN USA"!
If you are a Democratic voter and you have W-2 income, listen very carefully. YOU CAN'T HIDE IT. Can Warren Buffet protect his income from IRS standard taxation? Yes. Can you? No. Plus none of Mr. Buffett's wealth will help the Treasury after his death - his "trust' will get it all. All the billionaires and multi-multi millionaires do this. This is not a party issue. Mr. Buffett, Mr. Bloomberg, Mr. Corzine & fellow MF Global destroyers, - big Democratic donors. If your W-2 job gives you a good pension, your sacrifice will be rewarded. However, if your job isn't secure, is this just serfdom? Millions of disgusted Greeks, Italians, and Spanish report "some" income, then hide Euros outside the country in secret. Why?
Question: Will Japan "re-structure" their debt on the backs of their old people? That's what Greece did earlier this year when bonds came due and the Treasury was empty.. INDIVIDUAL BONDHOLDERS got 17 cents on the dollar plus 13 cents in "new" Greek bonds which are probably worthless. A 72-yr old pharmacist "offed" himself in the square in front of the Parliament building in Athens and left a note behind that he refused to scrounge in garbage dumps for food. BANK BONDHOLDERS got 100% or the EU banks would have collapsed. Once, again, banks get bailed out, little people got kicked to the curb. When politicians spend spend spend, little people are going to cry cry cry. Legacy media was mum on this. Wonder why?
Japan has the same governing problems as everywhere. Cronyism, special interests, are pervasive in the government. An embedded "ruling class" with secure salaries and pensions, following the leadership of a complicated network of "friends". Have you heard of Japan's "roads to nowhere"? Unnecessary "infrastructure"? It was nice for well-connected Japanese construction companies who got big fat government contracts to pay workers. This produced beautifully engineered roads criss-crossing interior mountain ranges, but nobody uses them, unless it is the young practitioners of "drifting" , with souped up cars. Imagine bankrupting your country to build roads that really are a scenic race track.
In response to:

Hair Today, Gone Tomorrow

Boopboopadoo Wrote: Nov 16, 2012 7:08 AM
Charles, do you assume that every US graduate with a STEM degree finds a job? Not true. Alas, companies like IBM, GE, and others have shifted and continue to shift development work to locations outside the United States. I believe 70% of GE and IBM employees live outside the US. Perhaps some of them were born in America, but obviously not the majority. I view the wild creativity of the United States into a before and after "iron curtain". Before - the fruits of the creators stayed in the United States, and Americans developed and built the products created here. Today we are obviously on the other side of this "iron curtain". For example, in 2006 Cessna shifted an airplane parts production factory to Mexico, now 10x. the space.
Obama's abortion policy is "Any Reason, Any Trimester". ANY REASON: Obama is absolute on the "right to choose". "Don't ask" is his motto. In the UK, immigrant communities have unlikely male to female ratios in new babies. Why? Mothers abort the girls. Male births increase family status & decrease dowry costs. ANY TRIMESTER: This gives a "Josef Mengele"-right to terminate even if the baby's weight indicates it can live after birth. Think of the octo-babies. Obama compares himself to Lincoln. This is ironic since he is: "Anti-Recognition" of the humanity of the unborn up to full gestation "Pro-Limit" on the Constitution.
In response to:

How Much Do We Owe?

Boopboopadoo Wrote: Sep 29, 2012 8:21 PM
A retired accountant made a 5-minute video asking the question: "Why Can't Washington Balance the Budget". This video uses Treasury and White House URLs. I checked. All accurate. American's enemies must be salivating. Most of my neighbors & friends are clueless because they get their information from 24/7 cable news,. Did Kruschev envision this type of ignorance when he banged his shoe at the UN and shouted "We will destroy you?". He was wrong. We will destroy ourselves. For an easy to understand video explaining our debt predicament, look at Mr. Mason's video. Google Hal Mason Youtube debt
In response to:

How Much Do We Owe?

Boopboopadoo Wrote: Sep 29, 2012 8:14 PM
Thank you for the excellent article. There's another Treasury site, US Debt to the Penny, operated by the Bureau of the Public Debt. It provides US debt since Yankee Doodle. Here is what I discovered, after downloading debt added over the past 12 years. Here is how fast Washington is adding NEW US debt. **** NEW DEBT **** $103 Billion - Average PER MONTH, 112th Congress $143 Billion - Average PER MONTH, 111th Congress $63 Billion - Average PER MONTH, 110th Congress $45 Billion - Average PER MONTH, 109th Congress $48 Billion - Average PER MONTH, 108th Congress $23 Billion - Average PER MONTH, 107th Congress The US debt just passed $16 trillion. It was $8 trillion 6 years ago.
In response to:

Obama’s Phony Economic Patriotism

Boopboopadoo Wrote: Sep 29, 2012 7:56 PM
Isn't it also phony patriotism if borrowing bankrupts the country? Debt-wise, The United States is headed for: a) train wreck b) train wreck c) train wreck d) one of the above I am a retired accountant. NO country on earth has ever borrowed an amount so massive as America ($16 trillion). Washington continues to borrow (or print) money an Average of $100 billion per month. The White House Budget anticipates debt of $21 trillion in 2017. Right now the enemies of the United States are salivating. *** Average New Debt *** 112th Congress - $103 billion per month 111th Congress - $143 billion per month Google Hal Mason Youtube debt Mr. Mason cites URLs from the Treasury & White House. All true
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