tag:blogger.com,1999:blog-27697009.post4353434485157482106..comments2024-02-29T03:21:35.007-08:00Comments on The Great Depression of 2006 : Military Spending Cuts—Why?Jim in San Marcoshttp://www.blogger.com/profile/09435296419912935381noreply@blogger.comBlogger34125tag:blogger.com,1999:blog-27697009.post-84768488053526956992011-06-30T21:44:24.993-07:002011-06-30T21:44:24.993-07:00Hi Anon 5:52
I read that today also. Kind of stra...Hi Anon 5:52<br /><br />I read that today also. Kind of strange, I didn't hear anyone yell "abandon ship." Must be a silent drill.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-72145163781848929872011-06-30T17:52:35.896-07:002011-06-30T17:52:35.896-07:00"If you look at who has the biggest Ponzi sch..."If you look at who has the biggest Ponzi scheme going"<br /><br />Is that why Geithner wants out?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-29643374781104657752011-06-28T19:52:29.310-07:002011-06-28T19:52:29.310-07:00Hi Anon 6:53
With the collapse of the PIIGS, it w...Hi Anon 6:53<br /><br />With the collapse of the PIIGS, it will be like taking one leg off of a three legged stool. I believe that it will collapse the banking structure globally.<br /><br />The Euro is a strange animal, it is destined to fail only because politicians can't fiddle with it. It's short coming is its greatest asset, they can't print Euros (as of yet). In the end, the PIIGS will abandon the Euro and every country will go back to a national currency.<br /><br />If you look at who has the biggest Ponzi scheme going, then,what Bernanke and Geithner are doing starts to makes sense.<br /><br />We are probably looking at a global credit meltdown. I don't look for the dollar to be any sort of world back-up currency, nobody is going to want to hold it.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-66254120326853568792011-06-28T18:53:27.199-07:002011-06-28T18:53:27.199-07:00Jim in SM,
The EU/single currency experiment is a...Jim in SM,<br /><br />The EU/single currency experiment is a failure and will probably start falling apart in the next few years.<br /><br />Don't you think that when Greece and the rest of PIIGS crash and burn that the euro will be trash and the USD will regain some of its position and be stronger?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-65130840263426756892011-06-28T14:14:25.941-07:002011-06-28T14:14:25.941-07:00Nice post. We're kind of screwed which ever w...Nice post. We're kind of screwed which ever way you look at this.Polyhttps://www.blogger.com/profile/01101104361466256156noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-43951492907214149972011-06-28T13:22:00.783-07:002011-06-28T13:22:00.783-07:00....MKahnhttps://www.blogger.com/profile/03388143043596995316noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-17554236665410079482011-06-27T21:06:18.209-07:002011-06-27T21:06:18.209-07:00how can you have writer's block jim? this is h...how can you have writer's block jim? this is history in the making.<br />we're being hammered by debt, deficits and demographics. despite all of the threats of disaster somehow i believe everything will fall into a new balance after we burn off all of these wild and crazy errors.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-85467450968095922212011-06-26T19:46:06.056-07:002011-06-26T19:46:06.056-07:00"revolution, french style."
I think you..."revolution, french style."<br /><br />I think you posted to the wrong blog! <br /><br />If you want a revolution, start at home. Stop buying Chinese products. Start growing your own food. Get out of debt. Then teach others how to do the same. That should keep you busy for a while, and keep you from making guillotines in your home workshop.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-2898945077851315352011-06-26T06:56:02.833-07:002011-06-26T06:56:02.833-07:00Once they (the government) excise all they can fro...Once they (the government) excise all they can from government spending modes one and two, spending mode three will be doubled to keep the recipients of cut backs in modes one and two from taking over the asylum!<br />They (the government) may need as much "bang for their buck" to control the great unwashed (and undernourished)! Who is your biggest small arms and riot gear manufacturer? I may put them on my short list for my share portfolio :)frakrakhttps://www.blogger.com/profile/10110027067402980842noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-54598072418484046772011-06-25T13:05:32.660-07:002011-06-25T13:05:32.660-07:00as far as i'm concerned it is time for a revol...as far as i'm concerned it is time for a revolution, french style.<br /><br />we need to clean out all the rats out of our government, reduce the size and struture of this government behemoth, abolish the fed, move off of the warfare/welfare mindset, and get back to basics, or...<br /><br />we will be dead in the water and our grandchildren will be living in a country that was once the world power and is now a crippled casualty.<br /><br />people think of empires collapsing as long past occurences recorded in history books. they don't understand that they are making history right now and are in collapsing empire.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-83333525469804150892011-06-23T20:27:06.393-07:002011-06-23T20:27:06.393-07:00Hi Anon 8:58
Thank you for the compliment.
Your ...Hi Anon 8:58<br /><br />Thank you for the compliment.<br /><br />Your comment "As for slashing entitlements, I'm a little worried about the crime rate if (we) start cutting benefits." I can put your mind at ease. <br /><br />Crime is pretty much a function of young people. LA last year claimed that violent crime went down 20 percent. We didn't have a drop in crime or better law enforcement, there's been a large drop in the number of young people between 15 and 30. Declining school attendance figures support it.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-36259084129511796972011-06-22T22:57:08.402-07:002011-06-22T22:57:08.402-07:00OK ANON 8:37 HERE IS THE LINK
http://www.cnbc.com...OK ANON 8:37 HERE IS THE LINK<br /><br />http://www.cnbc.com/id/43484679<br /><br />LOVE ANON 2:31<br /><br />The 55% that want him reappointed are dead in the head and probably don't understand anything about what the FR is and how it impacts our economy and has been destroying it for the last 100 years.<br /><br />If the population was educated on the FR they would all want Greenspans and Bernankes heads on a platter.<br /><br />BTW: military is just one of many spending cuts needed to save our asses.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-45099781869694430912011-06-22T21:05:59.135-07:002011-06-22T21:05:59.135-07:002:31's link is a question "do you have co...2:31's link is a question "do you have confidence in the way that Bernanke is handling the economy" and it was a resounding no<br /><br />8:37's link asks the question "Should Bernanke be reappointed." 55% said yesJim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-6628287253869170922011-06-22T20:51:44.438-07:002011-06-22T20:51:44.438-07:00Hi Anon 2:31
Thanks for the link.
I don't th...Hi Anon 2:31<br /><br />Thanks for the link.<br /><br />I don't think we can chalk it up to intelligence. I think everyone is good at spotting a very successful used car salesman--he knows how to spend your money.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-36264913043828838932011-06-22T20:37:27.157-07:002011-06-22T20:37:27.157-07:002:31:00 PM,
That is not cnbc, that is a blog pict...2:31:00 PM,<br /><br />That is not cnbc, that is a blog picture. Please use a direct source?<br /><br />http://www.cnbc.com/id/35012606/Poll_Should_Bernanke_be_ReappointedAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-34239791211012272752011-06-22T20:20:20.608-07:002011-06-22T20:20:20.608-07:00Hi Goodrich4bk
The amount of military spending an...Hi Goodrich4bk<br /><br />The amount of military spending and the deployment of troops, I have no control over. I do believe that the size of our present military is too small to support all of the deployed troops. There aren't many troops left for homeland defense.<br /><br />What I was trying to show was the stupidity of present cuts being made. Mandatory spending of 20 percent for Social Security, 23 percent for Medicare and 18 percent for interest on the debt. The 400 billion for interest on the national debt is ridiculously absurd. <br /><br />As for discretionary spending we have 20 percent left for defense, and about 20 percent for everything else. And then we have to borrow another trillion dollars to balance the budget.<br /><br />As for taxing big business 60 percent, go right ahead. General Motors just adds the taxes on to the price of your car. Business's pay no taxes, they pass it on to the consumer.<br /><br />Big business is taxed to hell in this country and most are moving overseas where they can make a real profit. To a business, there is no difference between wages, health care, Social Security paid and income taxes. It's money they have to pay before they make a dollar.<br /><br />We just had the biggest tax increase in our history with Obama care. Figure about $4,500 per worker per year. And it will be spent just like Social Security. So its a tax on young people, who by the way don't get sick very much.<br /><br />You can't use the past as a measuring stick for the present. Eisenhower was a Republican, a 5 star general. We had silver money back then. A home cost 25K a car was 3K, your dad made 5K a year, your mom didn't work and the family had one car. Do you get the feeling that something has changed over the last 50 years?<br /><br />We could get rid of our entire military budget and it wouldn't solve our budget problem.<br /><br />So let me simplify "Military Spending Cuts-Why," to a very basic question: "Do we want to tax the hell out of the young or go after all of us old farts that are responsible the mess?"<br /><br />Do you see what's going on now? It's not about me and my views, I'm just the messenger.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-66954698306829255422011-06-22T18:04:26.537-07:002011-06-22T18:04:26.537-07:00Jim, for an avowed conservative/libertarian who is...Jim, for an avowed conservative/libertarian who is against government waste, your unqualified support for our grossly excessive military budget is certainly puzzling. Just today we learned that the cash lost in Iraq is probably closer to $18 billion than the $6 billion originally thought. See here: http://www.zerohedge.com/<br /><br />And why don't you tell us why we have more troops in South Korea than we do protecting our borders and American lives? Why do we still have 50,000 in Japan 60 years after the war ended? If we had the money I wouldn't mind being "extra" safe. There is no money for "extras" anymore, Jim, or haven't you been paying attention?<br /><br />I'm a Blue Dog Democrat that wants to push hard for entitlement reform so my kids have a fighting chance in this great country. But when conservatives like you won't even consider reducing military, oil and Big Ag subsidies, when you can't bear the thought of raising tax rates to only a third of what they were under Eisenhower, when you demand that corporations pay no more than 6% of the government's costs (today's rate) vs. the 60% they paid under Eisenhower, I want to puke. Indeed, if your idea of deficit reduction is a one-sided destruction of every program you don't like and the preservation of every program you do like, I'd rather see the whole system collapse in one final entitlement orgy.goodrich4bkhttps://www.blogger.com/profile/16027023122138421992noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-25563578436712161552011-06-22T14:31:38.710-07:002011-06-22T14:31:38.710-07:00look at this cnbc poll on bernanke.
are americans ...look at this cnbc poll on bernanke.<br />are americans actually this intelligent?<br /><br />http://3.bp.blogspot.com/-KaRP0KGKsLI/TgJLxVXtpWI/AAAAAAAALpU/QO7KRqWxtIk/s1600/bernanke%2Bconfidence.pngAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-36961910867426091322011-06-22T11:46:33.227-07:002011-06-22T11:46:33.227-07:00We spend more on defense than the rest of the worl...We spend more on defense than the rest of the world combined. I can think of better uses.<br /><br />Pure Science R&D Programs for Alternative Energy: Gains in the basic science of solar energy conversion, battery storage, wind, tides, etc. The private sector does not have the stomach for multi-year or basic science R&D.<br />Roads, Bridges, Tunnels: Why does the US love big construction projects, but dislike basic maintenance? Much of the transportation grid in the US is falling apart, in need of a massive repair. Repave everything, and turn our roads into showcases.<br />Electrical Grid Refurbishment: This is both an economic and national security issue: The electrical grid is an unreliable mishmash of public and private ownership, vulnerable to both blackouts and cyber-attacks. It needs to be upgraded yesterday.<br />Airports, Ports: Many of the older US airports are simply awful compared with European and Asian facilities — some US airports look like they are from 3rd world countries. Issue bonds, split the costs with the Airline industry, and make US airports globally competitive.<br />Welfare money goes back into the economy to. The only things we produce are weapons and toxic financial derivatives. <br />A million dead since we first intervened in Iraq, Three million displaced. Infrastructure destroyed. Their resulting civil war will start shortly. Iraq, Afganiscam, Libya...its always been about oil.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-8733121280548130912011-06-21T22:23:52.282-07:002011-06-21T22:23:52.282-07:00Social Security isn't exactly a 'transfer&...Social Security isn't exactly a 'transfer' payment system as for example welfare. You're being disingenuous by framing it as such.<br /><br />True, the money I get deducted from my wages gets spent almost immediately by the Gov, however that's just one more injustice in a long string by a Government that's grown into a monster. No politician will speak the truth that SS funds essentially get spent in order to buy votes for their reelection <br /><br />As for Military spending, cut it to the bone. The US is broke and shouldn't be in the business of confiscating income (thereby staving business investment) in order to build/maintain an Empire.<br /><br />The justification for the Iraq invasion was a LIE. As was the Gulf of Tolken false flag decades earlier. There's no reason to maintain troops in Germany and Japan 70 years after WW2.<br /><br />The US is Broke and the Federal Government needs to shrink in size by 2/3s.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-54322878142830985532011-06-21T21:28:59.777-07:002011-06-21T21:28:59.777-07:00Hi Anon 7:44
Methinks you exaggerate too much.
...Hi Anon 7:44<br /><br />Methinks you exaggerate too much. <br />40,000 people die on our highways each year.<br /><br />War sucks, but there are a lot of people out there that "Want it their way," if provided the chance. Death is the only argument they understand--yours or theirs.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-12049233818898249692011-06-21T21:06:11.031-07:002011-06-21T21:06:11.031-07:00Hi Anon 12:33
I flew in Vietnam and I don't b...Hi Anon 12:33<br /><br />I flew in Vietnam and I don't believe that there was any use it or lose it issue. We burned it as fast as they could deliver it. If you had anything "extra," you sold it to the people in town.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-11462943851932537352011-06-21T19:44:01.700-07:002011-06-21T19:44:01.700-07:00Granted military spending stays in the States and ...Granted military spending stays in the States and stimulates the economy. But at what cost? Hundreds of thousands slain, millions of lives turned into poverty and chaos, all in the quest to hunt down imaginary boogie men. Surely we can find better use of our resource's at home.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-41114925777031650562011-06-21T12:33:36.467-07:002011-06-21T12:33:36.467-07:00I have a friend in the Air Force,who flew in Nam.
...I have a friend in the Air Force,who flew in Nam.<br />They were alloted a given amount of fuel,per month. <br />On the last day of the month, if any was fuel left, they would fly around,aimlessly, until the fuel was used up.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-62169660938388723342011-06-20T20:58:33.927-07:002011-06-20T20:58:33.927-07:00Thought provoking article, thanks Jim.
"All...Thought provoking article, thanks Jim. <br /><br />"All moneys must be spent at the end of the FY, or next year your budget is lowered"<br />Similar at DOE. Spend it all, or you lose it.<br /><br />As for slashing entitlements, I'm a little worried about the crime rate if start cutting benefits.Anonymousnoreply@blogger.com