| Topic: |
Politics > Politics-USA |
| User: |
"Roedy Green" |
| Date: |
03 Jan 2004 10:28:16 PM |
| Object: |
When the Fit hits the Shan |
"We must create a <economic> crisis in order to ensure that there is
no alternative to a smaller government."
~ George W. Bush Jr. - Imprimus Magazine 1995.
If you read the neocon website at http://www.newamericancentury.org/
You will discover what Cheney and friends have in store for the USA.
They want to reduce the power of the federal government and increase
the power of the corporations by starving the federal government of
money.
They are doing this very effectively with record deficits.
You can check the public debt at the official government website
http://www.publicdebt.treas.gov/opd/opdpenny.htm
$7,001,312,247,818.28
It just kicked over the $7 trillion mark.
That is equivalent to an individual debt of $23,913.56
or family of 4 debt of $95,654.26
Just to pay the interest on this debt will require:
individual $239.14 per month
family of 4 $956.5 per month
These are averages. Some people are too poor to pay any taxes which
means others will pay even more.
I don't know many families that can afford to pay almost $1000 a month
just for interest on the debt. This leaves NOTHING for government
services like defense, education, health, welfare, disease control,
highways, FAA etc.
What is going to happen? The government will have to slash services
and raise taxes. Basically everything the government does now will be
taken over by private enterprise. If you can't afford a private
school, you kids won't get an education. If you can't afford a
private hospital you won't be allowed in the door. If you can't
afford rent or those whacking huge taxes you will be out on the
streets. There won't be any police or full time fire protection. You
need to rely on your private guards at your gated community.
What else is going to happen? The US will not be able to pay the
interest on the mounting debt. Bush handles it now by borrowing still
more. At some point the US will "max out its credit cards". What are
its options then?
1. use the Kennedy emergency measure to seize all bank accounts,
(under the pretext of terrorism), and seize sufficient funds, mostly
from foreigners, to pay off the debt. This of course will destroy
foreign investment in the USA. This will be the most politically
popular device, especially if the countries stolen from can be
propagandised first into surrendering cheese monkeys, e.g. France.
2. start some wars to steal resources. We have seen this does not
work as well as you might hope. A decent war costs $100 billion, and
it might be a decade before it starts to pay back.
3. hyperinflate, in other words print tons of money. (This is
happening naturally as money flees the US dollar for more stable
currencies.) This dilutes the debt, but on the other hand leaves
people living on savings high and dry without government help or their
savings. It also makes imports ever more expensive.
4. default on some debt. Perhaps by choosing randomly chosen "evil"
lenders to default on the domestic population can be kept calm, but
internationally, money would flee the USA. No one internationally is
going to lend the US more money. The USA needs to borrow huge amounts
to finance its massive trade deficit. Without being able to do that,
Americans are going to have to sharply curtail imports of everything.
America traditionally imports, processes then exports. It will be in
deep trouble if it can't afford the raw materials needed for import.
5. Become self reliant. The US might try to detach itself from the
world global economy and declare itself bankrupt, and try to make do
producing only for itself. Unfortunately, in the last few decades it
has exported its manufacturing and many other jobs overseas. She
would need to rebuild all that infrastructure. America has grown fat
and lazy. She is only 6% of the world's population, but consumes over
half the planet's resources. Without imports, life would become
extremely spartan by American standards.
With Bush at the helm, you can't go wrong selling short on America.
Of course some pesky Democrat could come in and try desperately to
turn this ship around. It would take long time to undo the damage Bush
has done with his record deficits. It may not even be possible now
even with politically suicidally high taxes and massive spending cuts.
One estimate is that the USA has a staggering $44 trillion in
outstanding commitments, e.g. social security benefits promised.
There is no bloody way it will be able to honour those. The baby
boomers who in any way depended on government to support them in their
old age are in for a very unpleasant shock.
Just to rub it in, Canada has been running surpluses every year for
many years now. You can't blame Bush's record deficits on the world
economy. The Bush deficits are a deliberate neocon designed attack on
the US federal government designed to destroy it. Bush said it in his
own words:
"We must create a <economic> crisis in order to ensure that there is
no alternative to a smaller government."
~ George W. Bush Jr. - Imprimus Magazine 1995.
--
Canadian Mind Products, Roedy Green.
Coaching, problem solving, economical contract programming.
See http://mindprod.com/jgloss/jgloss.html for The Java Glossary.
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| User: "Mamamia" |
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| Title: Re: When the Fit hits the Shan |
04 Jan 2004 06:48:45 AM |
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In article <362fvvkf7toutd84mjppao20s0dfuaube0@4ax.com>,
Roedy Green <look-at-the-website-for-actual-Roedy@mindprod.com> wrote:
"We must create a <economic> crisis in order to ensure that there is
no alternative to a smaller government."
~ George W. Bush Jr. - Imprimus Magazine 1995.
Roedy, which article did you get your G.W. quote from? I found the
quote, however it was by JEB Bush:
http://www.libertyhaven.com/politicsandcurrentevents/politicalpartiesorac
tivism/deinventinggov.shtml
--
Mamamia
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| User: "Patrick Keenan" |
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| Title: Re: When the Fit hits the Shan |
04 Jan 2004 10:46:33 PM |
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"Mamamia" <none@none.none> wrote in message
news:566ca84b7e1de29d217b0ebecbb59ccf@news.teranews.com...
In article <362fvvkf7toutd84mjppao20s0dfuaube0@4ax.com>,
Roedy Green <look-at-the-website-for-actual-Roedy@mindprod.com> wrote:
"We must create a <economic> crisis in order to ensure that there is
no alternative to a smaller government."
~ George W. Bush Jr. - Imprimus Magazine 1995.
Roedy, which article did you get your G.W. quote from? I found the
quote, however it was by JEB Bush:
http://www.libertyhaven.com/politicsandcurrentevents/politicalpartiesorac
tivism/deinventinggov.shtml
--
Mamamia
It's not really that unusual a sentiment, for politicians at least. If the
*population* finds out about it, the story changes. We had a very similar
situation when in 1995 the new Education Minister described creating a
crisis to gut the school system (which itself created a much larger crisis).
http://www.adm.uwaterloo.ca/bulletin/1995/sept95/95se14th.html
"Minister's in hot water
News reports this morning say that John Snobelen, the Ontario minister of
education, has been "ordered" by the premier to apologize for remarks he
made to a meeting of senior education ministry staff in July. The comments,
which were videotaped, became public yesterday. Snobelen is seen on the tape
telling his staff that "creating a useful crisis" will be an important step
in making changes to the education system. "We need to invent a crisis" to
draw public support, the minister said. Yesterday, Snobelen admitted that
what he had said was "dumb", and apparently told premier Mike Harris that he
didn't mean his statements literally. "
HTH
-pk
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| User: "The Frog." |
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| Title: Re: When the Fit hits the Shan |
04 Jan 2004 08:18:40 AM |
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On Sun, 04 Jan 2004 12:48:45 GMT, Mamamia <none@none.none> wrote:
In article <362fvvkf7toutd84mjppao20s0dfuaube0@4ax.com>,
Roedy Green <look-at-the-website-for-actual-Roedy@mindprod.com> wrote:
"We must create a <economic> crisis in order to ensure that there is
no alternative to a smaller government."
~ George W. Bush Jr. - Imprimus Magazine 1995.
Roedy, which article did you get your G.W. quote from? I found the
quote, however it was by JEB Bush:
http://www.libertyhaven.com/politicsandcurrentevents/politicalpartiesorac
tivism/deinventinggov.shtml
He got it from the Canadian Queer Digest
Liberalism is Communism one drink at a time. - P.J. O'Rourke
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| User: "Jeremy Adelson" |
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| Title: Re: When the Fit hits the Shan |
04 Jan 2004 03:58:10 PM |
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"The Frog." <jmattNOSPAM@ticnet.com> wrote in message
news:458gvv419g1a420vl3lu39doe14haeof49@4ax.com...
On Sun, 04 Jan 2004 12:48:45 GMT, Mamamia <none@none.none> wrote:
In article <362fvvkf7toutd84mjppao20s0dfuaube0@4ax.com>,
Roedy Green <look-at-the-website-for-actual-Roedy@mindprod.com> wrote:
"We must create a <economic> crisis in order to ensure that there is
no alternative to a smaller government."
~ George W. Bush Jr. - Imprimus Magazine 1995.
Roedy, which article did you get your G.W. quote from? I found the
quote, however it was by JEB Bush:
http://www.libertyhaven.com/politicsandcurrentevents/politicalpartiesorac
tivism/deinventinggov.shtml
He got it from the Canadian Queer Digest
You're debating skills are pretty poor. Now do the world a favour and slit
your wrists.
Liberalism is Communism one drink at a time. - P.J. O'Rourke
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