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In response to:

What was D-Day?

Marhefka Wrote: May 29, 2014 10:11 AM
"They eventually destroyed Japanese and German heavy industry with a costly and controversial strategic bombing campaign." Is the author referring to Dresden? Dresden was called "The Florence of the West." It was a beautiful city. It had exactly "zero" guns protecting it. It had exactly "zero" planes protecting it. The outcome of the war on Feb 13, 1945 was well known. Yet, the Allies sent several thousand planes to bomb to oblivion an unprotected city.
Darby, I'm confused on the 6 million figure. I.E., 6 million Jews were killed by Germans in WWII. Supposedly, of this number, 4 million were killed at Auschwitz. But, according to a video I watched, the Sr. Curator at Auschwitz, Dr. Franciszek Piper, admitted this number was wrong and should be about 1.1 million. So, if we reduce the Auschwitz no. by about 3 million,shouldn't we also reduce the overall no. by 3 million? This would mean that 3 million died and not 6. But the 6 million no. seems to persist. So, I'm wondering: 1. Is the video true? Did Dr. Piper say the true number was 1.1 million. 2. If it is true, has it ever been refuted? Did Dr. Piper change his mind?
I looked up the word fascism and it said it's mostly a smear word. But, if we look at it as a political system, then it means a government with policies that do good for everybody. This means, of course, no unions. I'm not advocating fascism, but it's not all bad. No unions, no lobbying, etc.
In response to:

So Janet Yellen Wants Higher Interest!

Marhefka Wrote: Mar 21, 2014 12:13 AM
No one in Congress has the slightest intention of paying off the National Debt. Their only goal is to keep spending money and get re-elected. So, it's a foolish argument to say that if interest rates rise, the interest on the debt will rise. Did anyone think about this when it came to STOP spending money.
I don't understand. Does the author mean that Obama's Teleprompter can't spell?
Can somebody help me? I couldn't spot the Teleprompter in the photo of Obama holding the phone.
In response to:

We're the Next Greece

Marhefka Wrote: Oct 28, 2013 9:18 PM
The author said: "At some point, there will no longer be any low-interest credit available to continue letting Santa Claus run the U.S.; the interest owed on existing debt will exceed tax revenues." I just don't see how that is possible. By the time Barry's term is over, the debt will be 20 trillion dollars. Today the interest rate is only 2%. Let's assume that in 2016, the interest rate will be the average rate of 5%. That would mean the interest on 20 trillion would be 1 trillion. That is about 80 billion a month. Our tax revenues are about 225 billion a month. Isn't 225 more than 80? Of course, if we have a recession and/or interest rates go up, then it is possible.
Isn't it inevitable that we will eventually have a crisis? Instead of having it now, the Republicans continue to kick the can down the road where the crisis will be much worse. Of course, the Democrats want more spending and more borrowing but why didn't enough Republicans have just a little backbone?
I was wondering the same thing. Default means not paying interest on the debt, right? Where is there any danger of that? Pay the interest and the government still has 200 billion left each month for spending. This is a balanced budget, isn't it?
I'm afraid that I don't understand the talk about "default." The way I understand it is that if the debt ceiling is not raised, then we can't borrow more money. This is the same thing as a "balanced budget," isn't it? Under such a scenario, the government would collect about 200 billion every month. They would have to select where to spend the 200 billion. But, of course, the very first thing that must be paid is the interest on the national debt. I'll make a wild guess that that amount would be in the range of 20-30 billion. What is this article saying? That the interest won't be paid? This would be like eating the seed corn. My interpretation of this article is that the interest is not a "must pay" item. I shudder to think what would happen under such a scenario. It would make Greece seem like a Sunday School Picnic.
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