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Cox and Archer: Why $16 Trillion Only Hints at the True U.S. Debt
Wall Street Journal ^
| November 26, 2012, 6:41 p.m. ET
| By CHRIS COX AND BILL ARCHER
Posted on 11/27/2012 7:08:58 AM PST by SeekAndFind
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To: Terry Mross
A large part is that the investment is still perceived to be “safe,” whether you are a foreigner, or not. Another part might be the “it won’t happen to me, it will happen to them”-syndrome.
41
posted on
11/27/2012 12:21:42 PM PST
by
1rudeboy
To: Terry Mross
Barry says “if I have checks, I have money”.
42
posted on
11/27/2012 12:42:08 PM PST
by
TurboZamboni
(Looting the future to bribe the present)
To: SeekAndFind; Cringing Negativism Network
Cringing Negativism Network wrote:
"RE: Bring back US jobs to America."
SeekAndFind replied:
"Easy to make slogans. HOW do you do it?"
Truth or consequences. We should turn toward what is moral and good (respect for and legalization of whole families, kids and all). Toss the environmentalism and animal-worship. Stop promoting and legalizing vices. Then, we should dump the local regulations against men at work (including tall, strong, young men), first (owner-building, small manufacturing starts). Otherwise, the economic consequences continue. Old business doesn't want to start manufacturing here again, regulates against new, small manufacturing, fears overpopulation, and fears the mythical, environmental end of the world, etc.
43
posted on
11/27/2012 2:30:32 PM PST
by
familyop
(We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
To: Cringing Negativism Network
Lets pause for a second over “imports”.
When was the last time that you could buy a TV made in America? When was the last time that you could find a pair of tennis shoes made in the US? When was the last time that you could find a microwave made in the US?
Our entire economy is now based on imports. We can’t manufacture much of anything...even cellphones.
It’d be nice to reopen the door...but frankly, when you figure up the cost of manufacturing a TV in the US or Taiwan....and there’s a $700 difference between the two same versions, there’s not much to talk about. We priced ourselves out of the mess.
Yeah, our trade dealing is part of the problem but this is a untouchable item. Just like pumping oil out of Texas and thinking it’ll be used in the US, when there’s tankers sitting in the Gulf and ready to transport Texas oil over to Italy.
To: Cringing Negativism Network
Bring back US jobs to America. Excellent! The first step is to double the cost of oil.
45
posted on
11/27/2012 3:05:36 PM PST
by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
To: Toddsterpatriot
Don’t be obtuse. You don’t pay the tariff on oil unless you buy oil.
46
posted on
11/27/2012 4:10:41 PM PST
by
1rudeboy
To: 1rudeboy
Making America more lucrative and inviting to foreign investment, heck for our own companies too, is the only way to grow the economy and jobs.
Government jobs ain’t going to do it
47
posted on
11/27/2012 4:16:33 PM PST
by
GeronL
(http://asspos.blogspot.com)
To: SeekAndFind
SS and Medicare are not contractual debts.
They are political promises.
Made by a couple of generations of politicians who ignored the Enumerated Powers, stole the money, and spent it on their own political self-aggrandizement. Every red cent.
48
posted on
11/27/2012 4:35:51 PM PST
by
EternalVigilance
(America's creed: Our rights come from God, not men. Governments exist to secure those rights.)
To: 1rudeboy
Unemployed people draw unemployment which adds to the debt/deficit, should I start talking to you like first grader. Do you really know basic math and economics?
49
posted on
11/27/2012 5:10:35 PM PST
by
central_va
( I won't be reconstructed and I do not give a damn.)
To: 1rudeboy
Don’t forget, we can double the cost of imported oil and the price of domestic oil will remain unchanged.
50
posted on
11/27/2012 5:14:57 PM PST
by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
To: central_va
Sure, let's talk basic math, genius. Let's eliminate ALL unemployment compensation tomorrow. What have we done to the budget deficit?
You didn't even read the friggin' article before coming here. You are part of the problem. Get out of the way and let the adults fix it.
51
posted on
11/27/2012 5:18:12 PM PST
by
1rudeboy
To: 1rudeboy
52
posted on
11/27/2012 5:24:20 PM PST
by
central_va
( I won't be reconstructed and I do not give a damn.)
To: Toddsterpatriot
According to this column, the U.S. is $87 trillion in debt. And the "answer" is, "bring jobs back." It would be funny if these numbskulls actually knew what they were talking about.
For the sake of argument (since you are better at scientific notation), how many $100,000.00/year jobs do we need to "bring back?" Assuming that 50% of that 100K goes to the feds. What's 87 trillion divided by 50K? Heck, what is 16 trillion divided by 50K?
53
posted on
11/27/2012 5:27:47 PM PST
by
1rudeboy
To: central_va
You just took $100B out of a $1.2T budget deficit, and did nothing about the national debt. Congrats.
54
posted on
11/27/2012 5:30:29 PM PST
by
1rudeboy
To: 1rudeboy
The debt will melt away when the dollar collapses. I am heavily invested in gold so creeps like you are doing me a favor. Free Trade is hastening the fall. Some tariffs and sane trade policies might help but it will never happen. One day I will be rich but not very proud.
55
posted on
11/27/2012 5:35:42 PM PST
by
central_va
( I won't be reconstructed and I do not give a damn.)
To: central_va
When the dollar collapses, you can join the rest of your Democrat friends in blaming everything but the actual cause.
56
posted on
11/27/2012 5:39:44 PM PST
by
1rudeboy
To: central_va
...so creeps like you are doing me a favor. Can't let that one slip past, either. What's next, calling me a "teabagger?"
57
posted on
11/27/2012 5:43:07 PM PST
by
1rudeboy
To: 1rudeboy
We agree the dollar is toast. Well lets leave it at that.
58
posted on
11/27/2012 5:44:23 PM PST
by
central_va
( I won't be reconstructed and I do not give a damn.)
To: central_va
Leave what at what? Like, you don’t know what the hell you are talking about? We can stop there, sure.
59
posted on
11/27/2012 5:48:32 PM PST
by
1rudeboy
To: 1rudeboy
Ok, so the dollar survives? How so? The only way out is inflation, anyone can see the Govt will take the easy way out. Only an idiot would see it any other way.
60
posted on
11/27/2012 5:52:24 PM PST
by
central_va
( I won't be reconstructed and I do not give a damn.)
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