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Avoiding another disaster

January 14, 2013

We avoided the Mayan-anticipated end of the world in December, and now we’ve apparently avoided the Earth being demolished by a massive asteroid in the next 20 years or s....

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(35)

muleskinner

Jan-14-13 7:46 AM

I feel so much safer here on earth.

Since all of the gold ever mined on earth is about 155,000 metric tonnes, the total value of all of that gold is about 6.7 trillion dollars and the gov debt is 16.4 trillion, how can the debt possibly be paid? You're still short 10 trillion dollars after you have spent all there is. All of the silver in the world totals about 1.2 trillion, you're still 8.8 trillion short.

How can you avoid disaster?

I suppose you can start selling nuclear bombs to Iran, but that might not be such a good idea.

Asteroids seem to be a minor problem when the entire global financial system is in default with no chance of being able to right itself.

The answer? Loan more money that can't be paid back?

The 'out of money' asteroid is right on track and it is not going to miss.

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WorriedAmerican

Jan-14-13 9:37 AM

We still have "Black Gold" we go to war for!

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JackAaah

Jan-14-13 9:45 AM

I know we can all come together in knowing which would be worse.....the U.S. going off the REAL fiscal cliff, or this asteroid....or would we?

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WorriedAmerican

Jan-14-13 2:37 PM

Still have to convince the republicons to raise the debt ceiling to pay the nation's bills and avoid another recession!

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JackAaah

Jan-14-13 3:23 PM

I feel I am willing to continue to raise the debt ceiling, as long as that debt goes towards my gifts....for an infinite amount of time.

Or until it causes an asteroid-like disaster for the nation....which ever comes first.

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locomotive

Jan-14-13 3:39 PM

Debt ceiling, my little toe.

That platinum coin thing? Y'know, the one that would have been worth a trillion dollars?

That idea, friends, made me 100% sure that 6-year-olds are running the government.

Where are the adults?

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WorriedAmerican

Jan-15-13 10:07 AM

Republicans keep saying "we can't spend our way out of this debt problem!" That is true in a way, however if we continue to spend all this gov't money on extended unemployment benefits and food stamps it isn't going to get any better either. RIGHT? Let's look at it like this then, lets create a JOBS bill that would put Americans back to work, rebuilding our roads, bridges, electrical grids, schools and help our country become energy independent, reducing the unemployemnt benefit costs and the food stamp costs, and this will increase our tax revenue stream by widening our tax base and boost our economy.

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disgusted

Jan-15-13 10:42 PM

WA, but everyone has jobs because unemployment is no longer a topic of discussion.

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WorriedAmerican

Jan-16-13 10:42 AM

disgusted Jobs should be the topic! If we are going to get out of this debt problem we need to get all of the middle class back to work to get the tax revenue flowing back into the federal gov't because we all know it is the middle class that pays the biggest share of the tax revenue in this country and not the 1% !!!

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JackAaah

Jan-16-13 10:46 AM

Thank you so much, WA - I totally agree. How can us in the bottom 50% continue to get more and more gifts if we cannot get that 51% to 99% back to work to pay taxes?

Votes For Gifts

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MJC1389

Jan-16-13 11:34 AM

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MJC1389

Jan-16-13 11:40 AM

It absolutly unbelievalble how virtually any topic can be turned into a polictical debate. Some people just love to argue no matter what the platform is.

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Russ98387

Jan-16-13 12:12 PM

It is absolutely unbelievable how barky and the "progressives" have turned every thing political and try to govern by crisis

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WorriedAmerican

Jan-17-13 1:13 PM

According to Citizens for Tax Justice, in 2010, 52.5 percent of the Bush tax cuts benefited the richest 5 percent of taxpayers. The middle 20 percent of Americans only received seven percent of the benefits. [Citizens for Tax Justice, 9/8/09]

There were three fundamental new costs: the tax cuts, the Medicare prescription-drug bill and post-9/11 security spending (including the wars in Iraq and Afghanistan). Of these the tax cuts were by far the largest, adding up to $2.3 trillion over 10 years. According to the Congressional Budget Office, nearly half the cost of all legislation enacted from 2001 to 2007 can be attributed to the tax cuts.” [Zakaria, Washington Post, 8/2/10]

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WorriedAmerican

Jan-17-13 1:14 PM

During the George W. Bush administration, the federal government spending was increased from $1789 billion to $2983 billion (70%) but the revenues were only increased from $2025 billion to $2524 billion (25%). Individual income tax revenues were increased by 14%, corporate tax revenues by 50%, customs and duties by 40%. Discretionary defense spending was increased by 107%, discretionary domestic spending by 62%, Medicare spending by 131%, social security by 51%, and income security spending by 130%. Cyclically adjusted, revenues rose by 35% and spending by 65%.

“Real income for the median American household went from $51,356 in 2001 to $52,163 six years later—an increase of just 1.6 percent. Under President Clinton’s tax rates, real median household income went from $45,839 in 1993 to $52,587 in 1999—an increase of 14.7 percent.” [Center for American Progress, 7/29/10]

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locomotive

Jan-17-13 4:25 PM

From their website...

"The Center for American Progress is an independent nonpartisan educational institute dedicated to improving the lives of Americans through progressive ideas and action. Building on the achievements of progressive pioneers such as Teddy Roosevelt and Martin Luther King, our work addresses 21st-century challenges such as energy, national security, economic growth and opportunity, immigration, education, and health care. We develop new policy ideas, critique the policy that stems from conservative values, challenge the media to cover the issues that truly matter, and shape the national debate."

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disgusted

Jan-17-13 8:52 PM

Bless you and your diligence, locomotive

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WorriedAmerican

Jan-17-13 9:26 PM

In the past 40 years Republican ideology has gone from solid principles to hype and slogans. Stockman says: "Republicans used to believe that prosperity depended upon the regular balancing of accounts -- in government, in international trade, on the ledgers of central banks and in the financial affairs of private households and businesses too."

No more. Today there's a "new catechism" that's "little more than money printing and deficit finance, vulgar Keynesianism robed in the ideological vestments of the prosperous classes" making a mockery of GOP ideals. Worse, it has resulted in "serial financial bubbles and Wall Street depredations that have crippled our economy." Yes, GOP ideals backfired, crippling our economy.

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WorriedAmerican

Jan-17-13 9:27 PM

Democracy. Capitalism. The American dream. All dying. Why? Because of the economic decisions of the GOP the past 40 years, says this leading Reagan Republican.

"If there were such a thing as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing. The nation's public debt ... will soon reach $18 trillion." It screams "out for austerity and sacrifice." But instead, the GOP insists "that the nation's wealthiest taxpayers be spared even a three-percentage-point rate increase."

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WorriedAmerican

Jan-17-13 9:27 PM

ARROYO GRANDE, Calif. (MarketWatch) -- "How my G.O.P. destroyed the U.S. economy." Yes, that is exactly what David Stockman, President Ronald Reagan's director of the Office of Management and Budget, wrote in a recent New York Times op-ed piece, "Four Deformations of the Apocalypse."

Get it? Not "destroying." The GOP has already "destroyed" the U.S. economy, setting up an "American Apocalypse."

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WorriedAmerican

Jan-18-13 9:05 AM

Their own members of the GOP admit that the republicans destroyed the American economy! So what is it do have a party of liars or incompitent financial leaders?

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WorriedAmerican

Jan-18-13 11:21 AM

h4c just pointing out a few facts that the republican party is self destructing within itself.

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WorriedAmerican

Jan-18-13 11:25 AM

h4c just what does the republican party really stand for these days besides anti-Obama?

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WorriedAmerican

Jan-18-13 12:01 PM

h4c these are people in your own party writing articles about your party that destroyed the economy! It is not my ranting! Maybe you should take your blinders off and read it with an open mind and come out of your bunker and look around and realize that yes, the republicans were the reason for this countries demise! Bush tax cuts! Two wars unpaid! led to large deficits! Paulson Sec of Treasury/Goldman Sachs dumping stocks in 2008 Country Wide Home Loan Scandal & Corrupt Congress!

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locomotive

Jan-18-13 1:37 PM

Worried, I don't support hyperpartisan rants, no matter how they originate.

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