We dodged a nuke...

[Tripped1]

Originally Posted by jethead

I just don't know how long it's going to take Americans to realize that GOVERNMENT is our problem and more of it is NOT the answer.

DING DING DING

Ladies and Gentlemen we have a winner!

[Tripped1]

Originally Posted by SXSMITH

That's so yesterday...

Soros sees no bottom for world financial collapse | Reuters

Shit that reminds me I have to remember to opt back out of my 401K for the next quarter.

[BDFINALLY]

According to a Congressional Budget Office (CBO) report published in October 2007, the U.S. wars in Iraq and Afghanistan could cost taxpayers a total of $2.4 trillion dollars by 2017 when counting the huge interest costs because combat is being financed with borrowed money. The CBO estimated that of the $2.4 trillion long-term price tag for the war, about $1.9 trillion of that would be spent on Iraq.[5]

Financial cost of the Iraq War - Wikipedia, the free encyclopedia

[Tripped1]

Originally Posted by BDFINALLY

Financial cost of the Iraq War - Wikipedia, the free encyclopedia

Geithner pledged that up in one day....

[bumblebee]

Considering the ability to edit and change Wikipedia, I don't believe it is a source to be trusted any more than Fox News, MSNBC or any political media outlet, except to provide a starting point for further research.

[jethead]

Originally Posted by Tripped1

DING DING DING

Ladies and Gentlemen we have a winner!

I'm glad somebody thinks so.

[BDFINALLY]

Originally Posted by bumblebee

Considering the ability to edit and change Wikipedia, I don't believe it is a source to be trusted any more than Fox News, MSNBC or any political media outlet, except to provide a starting point for further research.

U.S. CBO estimates $2.4 trillion long-term war costs | Politics | Reuters

[BDFINALLY]

http://www.cbo.gov/ftpdocs/86xx/doc8..._Testimony.pdf

[Tripped1]

Originally Posted by BDFINALLY

http://www.cbo.gov/ftpdocs/86xx/doc8..._Testimony.pdf

I'll see you 2.4 trillion and raise you 1.87 trillion

True Cost of Stimulus: $3.27 Trillion » The Foundry

Yes, it's Heritage foundation, oddly enough their research is very easy to track back the the CBO.

[bumblebee]

Originally Posted by BDFINALLY

U.S. CBO estimates $2.4 trillion long-term war costs | Politics | Reuters

And I agree completely with the long term effects...but what about the 1.5 Trillion the Congress has spent in the last 6 months? No long term effect here?

Even discounting abuse and waste, in effect, the war effort was a stimulus package on its own. It put people to work in the military/industrial complex fields...the recession of the 1970's was in part, fueled by end of the Viet Nam conflict. You had the military shedding a million people and cutting the industrial spending on the hardware used to conduct the conflict.

Couple a million people being ushered out of the "War effort" with the drastic cuts in domestic production on military hardware, creating layoffs, the result was the recession of the 1970's

"War is good business, invest your children," has been an economic policy since 1860

The difference between the '70s and now is that in the 70's, we were still building hard goods in the US. Today, we don't have a "hard goods" industrial capacity to put people to work in...and can't for years, even if it became the #1 priority for the country tomorrow

You can't put 500 people to work at Maytag building washers and dryers, when there are no washer and dryer factories in the country and would have to be built and tooled from scratch, which would take years...just to get the environment impact studies finished to begin the permitting process before a shovel is turned

[flylooper]

Originally Posted by Gaolee

They certainly are not showing any signs of effort in solving anything. There's plenty of carping, but nothing about what we should really be doing. Except more tax cuts and balancing the budget. I never understood how Ronnie Ray-gun managed to harp on the budget while running up the tab, but I guess he's where the GOP tolerance for complete nonsense started.

Anyone catch Bobby Vindal on "Meet the Press" yesterday? He said on Friday that he's going to refuse several billion in Stimpak funds. Then he said yesterday he's going to pick and choose which Stimpak funds he would "accept."

It will be interesting to see who in the LA legislature tells the Fed, "Thanks, but no, thanks." I think Haley Barber has a similar position.

Fucking idiots.

[BDFINALLY]

Originally Posted by Tripped1

I'll see you 2.4 trillion and raise you 1.87 trillion

True Cost of Stimulus: $3.27 Trillion » The Foundry

Yes, it's Heritage foundation, oddly enough their research is very easy to track back the the CBO.

you got me there...why build a bridge in Mo or a high speed rail somewhere, when you can just....

Congress eyes lost billions sent to Iraq | csmonitor.com

[flylooper]

Originally Posted by ZQ8Dude

So printing money to fund a giant waste of time had nothing to do with our economic situation? You're nuts.

It certainly wasnt the sole cause, but it had a hand in making things worse.

Where do you get this notion that the fed is or will be, simply "printing money." Do you know anything about government finance?

(I smell The Big Lie in the making. It's being mentioned too often by the (f)right wing.)

[bumblebee]

Who is going to buy the Bonds that back the checks the government is bouncing?

[Tripped1]

Of course not. The government borrows the money in the form of Treasury Bonds.

Borrowed money to fix a credit crisis. The irony is delicious.