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Thread: Democrats threaten violence on Michigan House floor

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    Re: Democrats threaten violence on Michigan House floor

    Quote Originally Posted by Conservative View Post
    Half of the budget had a surplus the other half had a deficit and there was more deficit than surplus thus the U.S. Debt and debt service rose.
    Okay Ill bite. What in the world are you talking about?

    BTW debt service is lowest it has been in a long time over the past four years.

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    Re: Democrats threaten violence on Michigan House floor

    Quote Originally Posted by winston53660 View Post
    Okay Ill bite. What in the world are you talking about?

    BTW debt service is lowest it has been in a long time over the past four years.
    You ought to do some better research to find out what makes up the debt and then you will find out what I am talking about.

    Debt service is based upon the interest rates and record low interest rates have kept debt service lower but it is still the fourth largest expense to the Federal Govt. and is money that serves no purpose other than to fund borrowing for needless spending.

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    Re: Democrats threaten violence on Michigan House floor

    Quote Originally Posted by Fenton View Post
    Awe, Whipsnade misses me ?

    Well whip in your simplistic description of the Fed dumping let me add that yes the Fed is buying Treasuries and Toxic mortgage backed securities to try and take the load off the baks so they'll loan and keep interest rates low to inecentivize lendies. Bernake's a student of the depression and understands that a credit freeze essentially prolonged its destruction.

    Problem is its not working, not even a little as Fed programs like paying banks interest on reserves AND low interest rates give banks little motivation to lend.

    Banks are currently holding on to a record amount of reserves as they sit back and get paid interest to horde money and the Fed policy of high capital requitements makes tallying up those reserves and keeping them actually a lawful condition of running a bank.

    Savy ? Bernake's between a rock and a hard place appointed by a President who's put a bullseye on the private sector.

    No demand, no loans, no growth, higher unemployment and more spending to counter Obamas disastrous economic policies.

    Here's the kicker. Treasuries have leveled off and as soon as they start dropping the Feds gonna bow out as interest rates climb.

    Just a few upticks in interest on short term bond yields and you can add another 500 billion or more to our yearly defecit with the Fed out of the picture.

    Hell, interest rates will go up eventually anyway. Who's going to buy our debt then ?
    The Fed owns 70% of it now ?

    We were supposed to have growth with Obama care . Remember ? GDP @4% ?

    But with a president who so fundamentally defined by a bankrupt agenda NO growth is coming our way.

    And 60mill voted for the guy.....

    It shows that our destiny is being engineered by the least knowledgable of our electorate.
    See con,like i told you ,if we used the right bait we could revive this sorry ass thread.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Democrats threaten violence on Michigan House floor

    Quote Originally Posted by Conservative View Post
    You ought to do some better research to find out what makes up the debt and then you will find out what I am talking about.

    Debt service is based upon the interest rates and record low interest rates have kept debt service lower but it is still the fourth largest expense to the Federal Govt. and is money that serves no purpose other than to fund borrowing for needless spending.

    So basically you are just going to bull**** here. And if this is a big concern of yours you should be happy since it is going down under '06 levels:

    2012 $359,796,008,919.49
    2011 $454,393,280,417.03
    2010 $413,954,825,362.17
    2009 $383,071,060,815.42
    2008 $451,154,049,950.63
    2007 $429,977,998,108.20
    2006 $405,872,109,315.83

    Government - Interest Expense on the Debt Outstanding

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    Re: Democrats threaten violence on Michigan House floor

    Quote Originally Posted by winston53660 View Post
    So basically you are just going to bull**** here. And if this is a big concern of yours you should be happy since it is going down under '06 levels:

    2012 $359,796,008,919.49
    2011 $454,393,280,417.03
    2010 $413,954,825,362.17
    2009 $383,071,060,815.42
    2008 $451,154,049,950.63
    2007 $429,977,998,108.20
    2006 $405,872,109,315.83

    Government - Interest Expense on the Debt Outstanding
    So tell me benefit does that interest expense do for the American people? The fourth largest expense to the taxpayer and because it is lower now due to record low, almost zero interest rates, that is ok with you. You are part of the problem not part of the solution.

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    Re: Democrats threaten violence on Michigan House floor

    Quote Originally Posted by Conservative View Post
    So tell me benefit does that interest expense do for the American people? The fourth largest expense to the taxpayer and because it is lower now due to record low, almost zero interest rates, that is ok with you. You are part of the problem not part of the solution.
    You where just bitching about how high it was. And I showed it is now lower. So you tell me.

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    Re: Democrats threaten violence on Michigan House floor

    Quote Originally Posted by Conservative View Post
    So tell me benefit does that interest expense do for the American people? The fourth largest expense to the taxpayer and because it is lower now due to record low, almost zero interest rates, that is ok with you. You are part of the problem not part of the solution.
    Now would be the prime time for another GIANT STIMULUS to fix our ageing infrastructure while the interest rate is essentially zero.Sadly we have the donothings in the house blocking anything the Prez wants to do.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Democrats threaten violence on Michigan House floor

    Quote Originally Posted by winston53660 View Post
    You where just bitching about how high it was. And I showed it is now lower. So you tell me.
    I am bitching that it exists at all and how little it serves the American people. I have already said that Bush spent too much money but that doesn't justify Obama putting Bush spending on steroids

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    Re: Democrats threaten violence on Michigan House floor

    Quote Originally Posted by Whipsnade View Post
    Now would be the prime time for another GIANT STIMULUS to fix our ageing infrastructure while the interest rate is essentially zero.Sadly we have the donothings in the house blocking anything the Prez wants to do.
    Still waiting for those shovels to arrive for the shovel ready jobs to rebuild our infrastructure from the last stimulus.

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    Re: Democrats threaten violence on Michigan House floor

    Quote Originally Posted by Conservative View Post
    Still waiting for those shovels to arrive for the shovel ready jobs to rebuild our infrastructure from the last stimulus.
    Here is a shovel ready job

    2009:
    • SRS began The American Reinvestment and Recovery Act (ARRA) project representing a $1.6 billion investment in SRS. This project, expected to run through fiscal year 2011, will result in the accelerated cleanup of nuclear waste at SRS and a significant reduction in the site footprint. In 2009 alone, more than 1,500 new workers were hired and over 800 jobs retained, thanks to ARRA funding.
    • SRS construction employees reached 23 million

    SRS - History Highlights

    I already showed that once

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