eagle1462010
Diamond Member
- May 17, 2013
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Riddle me this.......................
1 Was Free Trade good for the country..........Yes or no.............
No, it has cost us jobs, and has helped decrease money velocity since the year 2000
2 Was creating Too Big to Fail Companies and Banks good for this country...........Yes or no........
No. The Graham Leahy Act did this.........It also allowed Shadow Trading and an explosion of Derivatives in the world leading to the crash.......The Gov't created the Dodd Frank Law instead of fixing what was broken. Which should have been the repeal of the Graham Leahy Act.
3 Was the repeal of the Glass Steagall Act good for this country...........Yes or no............
No. It caused consolidation of Banks with too much power. Thousands of Banks were swallowed up over the decades, leading to a small group of bankers taking over the whole thing. They in turn jacked up a pyramid scheme which slammed the entire economy of the world.
4 Are derivatives and Shadow Trading Good for this country...............Yes or no.........
No. period.
5 Are interest payments on the debt good for the future of this country..........Yes or no........
No. In a decade they will become the largest expenditure of the Federal Gov't.
6 Does printing currency to pay unfunded liabilities deflate the value of the dollar........Yes or no.......
Yes. The value of the dollar has been in decline for decades. Not in direct relation to inflation.
7 We should have bailed out the banks after the crash, including over 16 TRILLION in discount window loans ....................Yes or no............
No........Our policy has only propped up another Pyramid without real value backing it. Setting us up for another crash............Usurpery at it's finest...............
8 Capitalism doesn't work................Yes or no..........................
No.........Today's politics and arguments do not show true EQUITABLE CAPITALISM, but Crony or false capitalism.........Capitalism works when derived by real products instead of the Stock market BS.
9 We can balance the budget with spending reductions.............Yes or no...........
No and Yes...........The enormous task of dealing with this will require major reductions in spending and Revenues generated from taxation...........Repeal of Free Trade and income through tariffs being a good place to start. Trade agreements based on an equal playing field instead of one benefiting those that leave our country to countries with virtually no EPA Standards............
10 Earmarks are good to attach to spending bills.............Yes or No..........
No. Earmarks should not be attached to bills. They are a form of a bribe for a vote even though Congress will say they are to get rid of house keeping measures......They should be voted on in their own bill, and not attached like leaches to other bills..
Questions done to see if there is any common ground here..............
Agree with all but #9. Any spending cut that does not address the national debt is cosmetic. We cannot reduce spending enough to pay down the national debt. Therefore we need to be realistic about increasing revenues so that we solve BOTH spending and debt problems.
You are correct and I agree...........should have stated the debt and not the deficit...........Balancing the budget alone will not get rid of the debt.
Point well taken.