The address

Where CNN gets their information
-PC-Taishar
Elite Member
Elite Member
 
Posts: 2724
Joined: Wed Dec 31, 1969 8:00 pm
Location: Camp Pendleton, CA

The address

Postby -PC-Taishar on Mon Feb 09, 2009 10:15 pm

Well I must say, I watched or listened to the entire presidential address, and I was not completely nauseated. I suppose that sounded harsh but I still heard some stuff that got me riled up.

Anyone else watch it and have comments?

HangOver
Elite Member
Elite Member
 
Posts: 6594
Joined: Wed Dec 31, 1969 8:00 pm
Location: Delray Beach

Re: The address

Postby HangOver on Tue Feb 10, 2009 9:23 am

i thought obama already looked older. lol.

i'm just curious why no one (that i've heard) is calling obama a fear monger. it's really no different than what bush did to justify the war on terror except that what obama is talking about will actually affect us.

-wicked-toon-X
Site Admin
Site Admin
 
Posts: 8201
Joined: Wed Dec 31, 1969 8:00 pm
Location: Miami, FL

Re: The address

Postby -wicked-toon-X on Tue Feb 10, 2009 12:13 pm

i think the difference is that unlike the war on terror people feel this on a regular basis. i mean shit i'm pretty
optimistic on the situation and even still people are being let go at our job.

everyone here knows someone that got let go recently. i don't know anyone that got attacked by terrorists.

i know this opens it up to hey what about military families and all that but i just mean like at a "fear of terrorism vs.
fear of losing ones job" level not everything else that went along with the war on terror just like we won't discuss the
thousands of wives that are gonna get beaten by a drunk husband after he loses his job or the family's that will
be torn apart by this much like the war.

yay finally something cheerful!

HangOver
Elite Member
Elite Member
 
Posts: 6594
Joined: Wed Dec 31, 1969 8:00 pm
Location: Delray Beach

Re: The address

Postby HangOver on Tue Feb 10, 2009 2:45 pm

well that's sort of my point. obamas fear mongering has a much higher probability of coming true. bush tried to scare us with the "terrist" threat. obama is trying to scare us with the economic "catastrophe".

are you saying that because the threat of an economic catastrophe is more likely that it's ok to use the fear of it for political gain? *snicker*

MaDSpartus
Elite Member
Elite Member
 
Posts: 2457
Joined: Wed Dec 31, 1969 8:00 pm
Location: Toronto Canada

Re: The address

Postby MaDSpartus on Tue Feb 10, 2009 3:46 pm

well obama keeps says its the worst recession since the great depression, when its by far not

personally i dont really care what he says, you cant buy yourself out of a depression. Heh especially with debt.

They are running the govt too much like a charity, not enough like a business

-wicked-toon-X
Site Admin
Site Admin
 
Posts: 8201
Joined: Wed Dec 31, 1969 8:00 pm
Location: Miami, FL

Re: The address

Postby -wicked-toon-X on Tue Feb 10, 2009 4:32 pm

i don't know if it's ok but it works better.

and theres something about debt being the way you fix a problem with debt that just doesn't seem right at it's core.

i think they just know they won't have to pay that money back ever. that it's just fictional.

MaDSpartus
Elite Member
Elite Member
 
Posts: 2457
Joined: Wed Dec 31, 1969 8:00 pm
Location: Toronto Canada

Re: The address

Postby MaDSpartus on Tue Feb 10, 2009 5:16 pm

see thats the thing, your paying it every day, cause over 30% of the taxes you pay go to paying the intrest on that debt. sure you never pay the principal, but you are always paying the intrest. that debt isnt intrest free.

10 year us treasury bonds, the commonly quoted standard, give an average rate of about 3%
http://finance.yahoo.com/bonds/composite_bond_rates

That means 3% of the total us debt is spent in intrest every year.

thats what, 300 billion dollars...every year

thats not a one time thing, like the bailout, thats every year, and every year it grows to more as well. Dont say "its not like you ever have to pay it off", cause your paying the intrest every day. In fact your lenders DONT want you to pay it off, cause then they wouldnt make their sweet 300 billion in intrest off the govt every year. they dont want you to pay off the principal, they want you to pay the intrest. The reason they dont want you to pay off the principal is they dont need you to, every 10 years the bond comes due and you pay it in full. If they every want their money back they just wait for the bond to come due then dont rebuy, someone else will. Its not like their money is trapped right. is not like your taking someones money and never paying it back, your paying it back all the time and taking someone elses. and the more unlikely it becomes that you can carry the burden, the higher the intrest you have to offer.

its just so stupid when fiscal responsibility really isnt that hard. it just doesnt earn votes like handouts do.

-PC-Taishar
Elite Member
Elite Member
 
Posts: 2724
Joined: Wed Dec 31, 1969 8:00 pm
Location: Camp Pendleton, CA

Re: The address

Postby -PC-Taishar on Wed Feb 11, 2009 11:11 pm

MaDSpartus wrote:its just so stupid when fiscal responsibility really isnt that hard. it just doesnt earn votes like handouts do.

Funny how that works eh?
hangover wrote:i'm just curious why no one (that i've heard) is calling obama a fear monger. it's really no different than what bush did to justify the war on terror except that what obama is talking about will actually affect us.

Funny how that works eh?

It's CERTAINLY not because the media has a decidedly leftist slant. Actually though if you listen to the retarded extreme righties on the radio you get the same bit. FEAR FEAR FEAR. It's just that most people don't listen to the radio, they watch tv, and TV wins.

It's like you said you can't get out of debt by making more debt. That's like me taking out a loan to pay off a loan. How in any crazy world does that make sense!@W#!@#!@#

buzz
Site Admin
Site Admin
 
Posts: 6307
Joined: Fri Nov 08, 2002 2:01 am
Location: Omicron Percei 8 .gif

Re: The address

Postby buzz on Thu Feb 12, 2009 11:08 am

-PC-Taishar wrote:That's like me taking out a loan to pay off a loan. How in any crazy world does that make sense!@W#!@#!@#


Lower interest rate?

MaDSpartus
Elite Member
Elite Member
 
Posts: 2457
Joined: Wed Dec 31, 1969 8:00 pm
Location: Toronto Canada

Re: The address

Postby MaDSpartus on Thu Feb 12, 2009 11:36 am

ok what if you take out a 20% bigger loan every year to pay off your old loan, at the same intrest, and blow the differce on hookers?

Cane
 
Posts: 326
Joined: Wed Dec 31, 1969 8:00 pm

Re: The address

Postby Cane on Thu Feb 12, 2009 2:29 pm

War isn't something that everyone can understand. Losing a job because of a shitty economy is something that everyone can understand. That's the major difference between Bush's fear mongering to Obama's.

-PC-Taishar
Elite Member
Elite Member
 
Posts: 2724
Joined: Wed Dec 31, 1969 8:00 pm
Location: Camp Pendleton, CA

Re: The address

Postby -PC-Taishar on Thu Feb 12, 2009 11:48 pm

Buzz you're right that would work....except unfortunately we continue to borrow, and never pay down the principle. And since the gov regulates interest rates, and the prime rate has been hanging around .5% for the past 6 months(after steadily declining over the past decade) we can't borrow at a lower rate anymore. The idea of borrowing to fix debt is not going to work, it's what the gov has been doing for the past 50 or so years. Interestingly enough, you will notice a decided downward trend in the prime rate over the same time period.

The gov borrows and borrows and keeps trying to do so at a lower rate as you suggest dan and it worked up until now. The prime rate can't go any lower so what do we do from here?

Here's a thought for you. Even if you do think that this massive debt acquisition will help ease the burden of the American people, do you TRULY think it is the place of the government to fix it? Where did the concept of personal responsibility go? Are we not a strong republic of strong individuals who expect to earn a living according to our merit? I don't want a government handout. I want entrepreneurial individuals to jump start our nation, I want individuals to rise up from turmoil and revolutionize. Individuals like Rockerfeller, Ford, and Carnegie from America's past. THESE are the kind of people that made America prosperous. These are the type of people who led the industrial revolution in America at the turn of the century (last century that is), and these are the kind of people that will take the US into a NEW generation of prosperity...but only if an environment is provided for them to do so. Unfortunately, it may be that our gov has gone so far down the road of corruption and socialism that we CAN'T regain individual powers. That even if innovation were to pop up somwhere it would only be quashed by corporations, and a government trying to capitalize on the ingenuity of the individual, rather than letting that individual prosper from his/her own merit.

Honestly, it's time Americans grow some backbone and stop taking this shit. It's nobody's business but your own to take care of you and your family and the minute you start looking to the government for regulation is the minute you hand over your freedom. Because whether you like it or not, depending on a government to fix a problem in and of itself IS a problem.

HangOver
Elite Member
Elite Member
 
Posts: 6594
Joined: Wed Dec 31, 1969 8:00 pm
Location: Delray Beach

Re: The address

Postby HangOver on Fri Feb 13, 2009 9:19 am

sadly, our society has become dependent on the government. we coddle the people that can't take care of themselves and it's bred a society of weakness. we EXPECT our government to take care of us. for fucks sake we PAY crackwhores to have babies. it's absurd.

we need to let failures fail. bailing them out serves no purpose except to keep failures in a position to fail again.

-wicked-toon-X
Site Admin
Site Admin
 
Posts: 8201
Joined: Wed Dec 31, 1969 8:00 pm
Location: Miami, FL

Re: The address

Postby -wicked-toon-X on Fri Feb 13, 2009 12:28 pm

i think theres way too much money involved to ever think that the people in the government aren't doing what
they are doing just to help the same people that have all the money. this idea that the government is socialist
now is bs, they'll give some money to people (chump change) and they'll keep the majority. the fact of the matter
is that i don't believe the people in power are truly patriotic, they want to make their money and be ready to get
the fuck out if the money making machine falls apart. i don't believe for a second that if it ever got hot down
here that all the people in power would stick around, they'd all be living in "exile" in Europe just like has happened
in the "banana republics" of the world.

i say this because i think people believe that the people in government here really do care for AMERICA!!!! rar
we love this country! That what has happened in other countries could never happen here.

so to sum it all up

they do what they do to make money, the money all just gets recycled by the same people who in turn give a little
to government and they give a little to people, just enough so they don't go ape shit and everyone chills the fuck out
and watches the super bowl. and if it ever falls appart it'll be like Germany after world war 2, all the big money makers
quietly left and moved to other countries where they could enjoy all the money they made.

awp-killer
Elite Member
Elite Member
 
Posts: 3846
Joined: Wed Dec 31, 1969 8:00 pm
Location: Silver Spring, MD

Re: The address

Postby awp-killer on Sat Feb 14, 2009 7:37 pm

HangOver wrote:i'm just curious why no one (that i've heard) is calling obama a fear monger. it's really no different than what bush did to justify the war on terror except that what obama is talking about will actually affect us.



I think you answered your own question.

Next

Return to Politics

Who is online

Users browsing this forum: No registered users and 1 guest

cron