Ok, I am going to try to take a different strategy with you, Srinath. I am giving you the benefit of the doubt that you are not really this immune to reason and are just yanking our chains just for the fun of getting people all riled up, which I understand can be fun. I also hope to learn something from these conversations with people who share an interest in the Savage as I do and to exercise and test my reasoning. I want to be sure I am still grounded in reality and not stuck in group think.
So, you have criticized me for making opinions even though I have tried to provide the link and backup documentation upon which my statements are founded. To avoid being hypocritical I will challenge you to do the same.
Quote:Costs of war hit several years after a war. The biggest claims from WW2 were in the mid/late 70's. Certainly that would be a cue to you to blame Carter then huh.
Under what accounting system? Approximately how much was paid in the 70's, to whom and why? Was it just because politicians kicked the can down the road or is it just because the bonds came due then?
Quote:Anyway we are seeing a huge number of people coming back alive, but greivously hurt (when they'd have died on the field in the past) and its costing us $$$.
What about survivor benefits paid in the past? People still got paid, regardless of whether someone died or not. I read an article recently about an old lady whose father died in the Civil War and is still receiving benefits.
Quote:Plus Baby boomers have started retiring. We pay them when they do as we are obligated to, In fact its shot up form 0% under bush (the oldest was 62) to like 5% in the 5 years of Obama - cos they are now 67.
No one retired or received Social Security under Bush? What is the point here?
Quote:Baby boomers also are not dying,
The new death panels will fix that little descrepancy...
Quote: but needing treatment - ergo we pay them too. Again 0% under Bush, 5% under Obama - what is that as a percentage increase Dane ? yes infinite % increase.
What percent of the budget is this? How much annually? How much is being set aside to account for this? Why cut 700 billion from Medicare then?
Quote:Then we have a crumbling infrastructure which Obama is starting to fix. Bush ignored this. Again an infinite percentage rise.
What is Obama starting to fix? What projects that don't involve heavy kickbacks to supporters are being worked? Please link supporting information. What did Bush ignore? What project did Bush kill or defer that added to the "crumbling" of infrastructure? Please cite sources and there is no rush, please take your time.
Quote:I could go on and on.
Along with detailed sources I hope.
Quote:Basically Obama is spending $$$ on good things.
Examples with supporting information, please. And if you say one word about High-Speed rail then you and I are done forever. FYI, high speed rail is a $100 billion liberal boondoggle in California that starts nowhere and goes nowhere, but really fast, to help clear up traffic on the freeways. It's like 1,000 bridges to nowhere all lined up.
Quote: Like repair, rebuild, retirement and treatment when true interest rates are near negative. Bush spent it on unfunded Wars based on his prejudice with bad intel as cover, and by inflating a financial bubble with the primary idea of deflecting the attention from a failing economy and bailing out his friends when the bubble deflated when interest rates were though not big, they were definitely positive.
Do you have any supporting information for any of this? And not from the Matthews, Maddow, Olberman, crowd, I mean real, unbias facts. Btw, wasn't WW1 and WW2 unfunded when they began? Who did Bush bail out? How did Bush inflate the financial bubble? Please provide documentation or retract.
Quote:You can spend trillions when interest rates are near 0 and inflation is 3-5% and if you spend 100 trillion, you need to return 97-95 trillion.
At this point I question your basic understanding of factoring interest. What happens when the rates go up to 15-20% and it's time to refi 10 of 20 trillion in deft. Sure the last 10 trillion has a few more years at a swet rate but the new interest rate on the first 10 trillion is gonna sting a little...If you are advocating sabotaging the value of the dollar in an effot to screw the creditors then I refer you to Bing.com and search Robert Mugabe of Zimbabwe.
Quote:You can borrow from foreigners as much as we want as long as it is in USD and print it and hand it to the when they decide they want it back.
You can borrow $$ as long as you pay it back--nothing controvercial here.
Quote:Yes printing $$$ hurts ... not the people who spend most of their income every month - it hurts those who got a huge stash of cash.
Please return to Bing.com and search "inflation" with regard to the effects it has on retirement accouts and the elderly on fixed incomes.
Quote: We dont care, we can print, except the super rich, dont want us to do that.
Neither do the lower class, the middle class or the upper class. Pretty much anyone who doesn't want to pay $2,500 for a can of beans doesn't want unlimited printing of money.
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