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Originally Posted by dc0ded
I wish they has saved some money by avoiding wars... and spent it on the people.
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I would bet money every bullet fired, bomb dropped and missile launched in all the wars were made by workers in the US. This is one industry you haven't managed to export to China yet.
Also every soldier is a US citizen who was sending his wages home, well he spent a little in Afghanistan and Iran on fly repellent.
Where do you think the$3.7-trillion was spent?
It was spent on US citizens, making it look like you had a great booming economy. When the truth was, you were living on credit.
I seriously doubt whether any of you have a clue where, how or when this deficit will be cut, if ever.
Look outside the USA for a while and see what other countries are doing to cut their debt. Yes the debt crisis isn't unique to the US, so no blame there.
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The estimated population of the United States is 311056947 so each citizen's share of this debt is $46138.90.
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Fixing the debt could actually wreck the U.S. economy.
This will give you a taste.
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Government "originates" spending and it filters outward.
You don't like farm subsidies? Eliminate them. You don't like welfare? Do away with it completely. The total spending in those programs would not come close to balancing the federal government's outgo with its income, but it's more important to consider where that money goes.
Government checks don't sit in bank accounts. Even funds stolen by thieves who send bogus bills to Medicaid spend the money. They buy fancy cars, big homes and, if caught, pay lawyers who spend all their enormous fees, too.
Is stealing from the public illegal and immoral? Yes. Good for the economy? Yes to that, too.
And what about "welfare" and other transfer funds that have been the largest income source in Mississippi for decades? These funds are used to purchase nearly half the groceries in Mississippi. Know any supermarkets that could stay in business with half the customers?
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The economists on GFY think that it's the other guys fault and that cutting spending is the solution.
It's everyones fault and the rest of the world lent the US money so they could sell it's goods. The debt was sold on the markets. Because they get paid only on sell and buy commissions. Now the shit has hit the fan. The brokers are off to sit on a beach with their money tucked away safe. The rest of us will pick up the tab.
Go read.
http://www.google.com/webhp?hl=en#hl...w=1280&bih=784