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HomeOff Topics News & Politics › This is reality, we need to do something about it!
05-12-2018 04:52 PM  5 months agoPost 1
InvertedDude

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USA

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https://www.cnsnews.com/news/articl...n-3854b-deficit

Record taxes and still running deficits? Repubs/Dems/Libs, this needs to be fixed! Failure to do anything about it will ensure automatic cuts to everything to where we will all feel the pain.

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05-12-2018 08:28 PM  5 months agoPost 2
spaceman spiff

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Tucson

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Even with record treasury income, that is about 20% overdraft. Most governments have been doing that for a while, but it can't end well.

The tarrifs might help quite a bit, but still think they spend too much on giveaways and international meddling.

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05-12-2018 11:52 PM  5 months agoPost 3
RM3

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Killeen, Texas - USA

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the entitlement programs and military spending are out of control... government fraud, waste and abuse have reached biblical proportions on top of all that.

it ends in one of two ways, collapse or gradual reduction and re accounting of everything to trim all the fat and theft and separating the needs from the wants... but I dont see the later every happening.

showing a preference will only get you into trouble, 90% of everything is crap...

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05-12-2018 11:56 PM  5 months agoPost 4
InvertedDude

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USA

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RM3
I remember our annual USA military budget during Reagan's first year as POTUS was $230 billion....fast forward it is $700 billion.

$230 billion supported all our bad ass weaponry and nuke defense at the peak of the cold war.

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05-13-2018 03:10 AM  5 months agoPost 5
RM3

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Killeen, Texas - USA

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oh yeah I remember... but today we have way too much waste... the F35 being a prime example. God only knows what other pet projects are nothing more than paid hobbies for alot of these generals (retired and active). Military contractors have gotten out of hand as well... I saw it first hand. Everything they buy is way way over priced and often junk compared to what is available commercially.... and we have way too many contractors... why? we have 105 different occupation specialties in the Army alone... 105! of those 105, only 5 are combat... Infantry, Artillery, Scout, Tanker, Special forces. the rest are all support, from band members to doctors, from mechanics to electrical/electronic techs... but we STILL have contractors doing those jobs...

showing a preference will only get you into trouble, 90% of everything is crap...

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05-13-2018 11:36 AM  5 months agoPost 6
2low

rrApprentice

elkview,WV

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We got screwed the moment we were taken off the Gold standard in 1971. Now all we have is worthless paper money that is backed up by crap.

Got to have my cup of heli in the morning.

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05-14-2018 07:46 PM  5 months agoPost 7
RM3

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Killeen, Texas - USA

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yes and no... keep in mind gold as a resource is actually quite worthless... it has very limited industrial use, we cant eat/drink it, cant use it as fuel of any kind, it has little to no medical uses... It really has no value other than intrinsic, simply cause of it rarity, its primary use has always been adornment and an exchange medium for other goods and services... but gold itself has no life sustaining use.

As technology advances, value in physical things that have no application tied to the advancement of the society connected to that technology becomes worthless.

the things that have the greatest value today is information and the means to access and exploit it.

and the government and the greedy have made out like bandits because of it.

showing a preference will only get you into trouble, 90% of everything is crap...

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05-29-2018 09:03 PM  4 months agoPost 8
spaceman spiff

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Tucson

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Markets are down today because of the Italy crisis. Aside from the political uncertainties, they are having trouble selling their debt. Currently they are at 130% of GDP. They may be able to stretch it out a bit longer, but the math always wins in the end.

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05-30-2018 12:24 AM  4 months agoPost 9
RM3

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Killeen, Texas - USA

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spaceman spiff
Markets are down today because of the Italy crisis.
well if they drop the prices on some of those exotic cars... maybe it will be a win win...

showing a preference will only get you into trouble, 90% of everything is crap...

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05-30-2018 06:00 PM  4 months agoPost 10
InvertedDude

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USA

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spaceman spiff
Markets are down today because of the Italy crisis. Aside from the political uncertainties, they are having trouble selling their debt. Currently they are at 130% of GDP. They may be able to stretch it out a bit longer, but the math always wins in the end.
It is your fault!

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05-30-2018 06:04 PM  4 months agoPost 11
spaceman spiff

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Tucson

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You might be right!

I mended my evil ways this morning, and the market is back up!

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05-30-2018 06:06 PM  4 months agoPost 12
InvertedDude

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USA

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spaceman spiff
Did you see George Soros confession that helping Nazis in terms of funding/business was the best time of his life?

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05-30-2018 06:19 PM  4 months agoPost 13
spaceman spiff

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Tucson

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Very unlikely. He was 8 years old when WW 2 started.

... and his family is Jewish.

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