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Controversial Social Issues Discussions concerning controversial social issues. Topics include politics, religion, culture, social and economic issues, etc. Respect required at all times.


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  #1  
Old 01-10-2008, 07:37 AM
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Bernard Bernard is offline
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USA is bankrupt

Glenn Beck interviewed Dave Walker, head of the GAO about the USA's pending bankruptcy.

Glenn Beck - The Real Story, Touching the Third Rail
 
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  #2  
Old 01-10-2008, 11:40 AM
Franc Tireur Franc Tireur is offline
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If you want my opinion a lot occidental countries are in pending bankruptcy.

When you are in business, the banks cut you off quickly if don't pay or cannot pay, but governements have power, good or bad the future will tell...
 
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Old 01-10-2008, 12:33 PM
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i'm in debt multiple thousands of dollars because of my own government, YEA!!
 
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Old 01-10-2008, 02:40 PM
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More on the story from David Walker courtesy of CNS News/60 Minutes:

U.S. Heading For Financial Trouble?
 
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Old 01-14-2008, 01:37 AM
adam123 adam123 is offline
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News USA

Yes i had also seen some news in this regard, but they are all research work
 
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Old 01-14-2008, 11:58 PM
backgammonnn123 backgammonnn123 is offline
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We need fiscal responsibility. This starts by having a man in the oval office that isnt a slave to any special interest group. As far as i know only Ron Paul fits that bill. I have never been this excited to vote for anyone in my life. I have registered to voye(republican of course) for the first time ever as i truely feel my vote counts for something finally.
 
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  #7  
Old 01-17-2008, 09:35 PM
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most americans are idiots now, they have a culture of extreme spending...its ridiculous

70% of US GDP is in debt..

ex. 95% of the population spends beyong their means at christmas!!! FOR WHAT??? cuz a made up festival???? they feel pressured to spend and shop till they drop and then get money from teh gov...USA sort of deserves this for allowing this culture to prosper
 
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Old 01-18-2008, 02:07 AM
backgammonnn123 backgammonnn123 is offline
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Ash1 very silly post. You really have to be a christian to understand christmas, not blinking into nothingness lol.
 
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  #9  
Old 01-18-2008, 06:17 AM
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Quote:
Originally Posted by ash1 View Post
most americans are idiots now, they have a culture of extreme spending...its ridiculous

70% of US GDP is in debt..

ex. 95% of the population spends beyong their means at christmas!!! FOR WHAT??? cuz a made up festival???? they feel pressured to spend and shop till they drop and then get money from teh gov...USA sort of deserves this for allowing this culture to prosper
" ... and then get money from the gov ..."?

I don't understand this part, can you elaborate a bit on this?
 
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Old 01-19-2008, 08:50 PM
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They are estimating about 1.4 million newly foreclosed homes in 2008. Apparently, we "ain't seen nothing yet," they say, 2008 will be much worse than 2007. No, you don't say. I wonder why...
 
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  #11  
Old 01-20-2008, 01:27 PM
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USA is not a country of a dreams anymore
 
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  #12  
Old 01-20-2008, 06:36 PM
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Debt

I think America can only get out of debt by selling off tangible assets.

We might have to sell some of those little islands we have in the Pacific

to the Japanese or something like that.

Just how many, what is it, Trillions of dollars is the federal government in debt?
 
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  #13  
Old 01-21-2008, 11:56 AM
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DharmaConsulting DharmaConsulting is offline
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US is just going to go downhill from now on,
 
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  #14  
Old 01-22-2008, 06:44 PM
seconnection seconnection is offline
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"US is just going to go downhill from now on" I doubt it...if that is the case it takes the whole world with it.
 
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  #15  
Old 01-25-2008, 12:26 PM
DarthMall DarthMall is offline
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The US has such a vast capability to generate goods and services. But since the industrial revolution, we have shifted away from a labor intensive society, outsourcing to other countries. Yes, it keeps prices low, but also creates a massive trade defect.

The US will not go bankrupt. It's all about CASH FLOW. Ask any financial adviser, or any business manager. A healthy balance of debt and equity is important. Cash flow determines success. However, there is always a breaking point. It sucks, but higher taxes or a smaller government is necessary to balance a budget. Sorry Republicans, but taxes are needed to save our country. Either that or cut spending, creating more poverty, a bigger health crisis, fewer grants to police/fire departments, and a smaller military force.
 
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Old 01-25-2008, 01:46 PM
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Is George Bush has the one cause of this?
 
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  #17  
Old 08-25-2008, 11:30 AM
broadcast-monitors broadcast-monitors is offline
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Well going into debt helps temporarily prop the economy up, which makes the politicians in charge look like they're doing a good job (see? the economy is doing good), which helps them get re-elected.
 
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  #18  
Old 08-25-2008, 11:43 AM
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Decreasing the cost of fuel, cutting back on bio-fuel production, the housing industry balancing out, the war in Iraq going well spending decreasing as soldiers and equipment slowly start home, keeping the taxes low for everyone will all give the economy an extreme boost in a not very long time.

Guess no one remembers the recession the Bush Administration married into in 2000? I don't guess anyone remembers how the lowering of taxes caused a surplus in the budget by increasing over all cash flow?
 
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  #19  
Old 09-11-2008, 10:04 PM
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There is nothing that will get the US out of the 53 trillion dollar debt it is in. But they do own about 1 million square miles of land (unconstitutionally) , and they better get busy switching the check printers over to DEED printers. I'll take what I've paid into Social Security back out in land.

The 53 trillion dollar asteroid hits in less than 10 years
 
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  #20  
Old 10-03-2008, 08:34 PM
susanqy susanqy is offline
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We need fiscal responsibility
 
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