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Thread: Foreign demand falls for Treasuries

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    Re: Foreign demand falls for Treasuries

    Quote Originally Posted by Catawba View Post
    What did they do to us when we cut military spending under Clinton?
    The point is Bush had to rebuild the military and you complain about the spending.

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    Re: Foreign demand falls for Treasuries

    Quote Originally Posted by ptif219 View Post
    The point is Bush had to rebuild the military and you complain about the spending.
    There was no defensive need. The only "need" was Bush's undertaking to make the Iraq safe for big oil. Let the oil companies pay for it!

    I am talking about defending against actual threats, not an old fat man with a shotgun standing in the way of big oil's exploitation of the oil under their sand.

    But back to somewhere close to the OP, how does the UN prevent us from reducing military spending?
    Last edited by Catawba; 02-23-10 at 04:11 AM.
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    Re: Foreign demand falls for Treasuries

    Quote Originally Posted by Catawba View Post
    There was no defensive need. The only "need" was Bush's undertaking to make the Iraq safe for big oil. Let the oil companies pay for it!

    I am talking about defending against actual threats, not an old fat man with a shotgun standing in the way of big oil's exploitation of the oil under their sand.

    But back to somewhere close to the OP, how does the UN prevent us from reducing military spending?
    You show your bias and lack of knowledge.

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    Re: Foreign demand falls for Treasuries

    Quote Originally Posted by Catawba View Post
    There was no defensive need. The only "need" was Bush's undertaking to make the Iraq safe for big oil. Let the oil companies pay for it!

    I am talking about defending against actual threats, not an old fat man with a shotgun standing in the way of big oil's exploitation of the oil under their sand.

    But back to somewhere close to the OP, how does the UN prevent us from reducing military spending?
    Hmmmmmmm........ The US attacked Iraq for the oil companies profits?

    This week, the Senate will hold hearings on rising oil and fuel prices and the subsequent record earnings recently posted by U.S. oil companies. Some lawmakers have suggested that these profits are unseemly and, thus, should be subject to a new “windfall profits” tax.

    Before rushing to create a new federal tax, lawmakers should ask two questions:

    (1) Do oil companies currently pay too little in taxes compared to profits?
    (2) What was the effect of the last windfall profits tax enacted in 1980?

    The answer to the first question is that over the past 25 years, oil companies directly paid or remitted more than $2.2 trillion in taxes, after adjusting for inflation, to federal and state governments—including excise taxes, royalty payments and state and federal corporate income taxes. That amounts to more than three times what they earned in profits during the same period, according to the latest numbers from the Bureau of Economic Analysis and U.S. Department of Energy.
    The Tax Foundation - Oil Company Profits and Tax Collections: Does the U.S. Need a New Windfall Profits Tax?

    Sounds like you have that backwards.... we attacked Iraq for our government's profits, and the oil companies paid for it. You might want to do some research next time.
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    Re: Foreign demand falls for Treasuries

    Quote Originally Posted by Hatuey View Post
    You commented on Obama's "out of control spending". I pointed out you're a partisan hack who doesn't care about how the money is being spent unless there is a Democrat is in power.
    Speaking of partisan hacks...
    ...what's your latest excuse for not criticizing The Obama for running up the debt at ~2.75x the rate the GWB did?

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    Re: Foreign demand falls for Treasuries

    Quote Originally Posted by Goobieman View Post
    Speaking of partisan hacks...
    ...what's your latest excuse for not criticizing The Obama for running up the debt at ~2.75x the rate the GWB did?
    Remember the near collapse of the financial system?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Foreign demand falls for Treasuries

    Quote Originally Posted by ptif219 View Post
    You show your bias and lack of knowledge.
    Can you not back up your claim?

    "How does the UN prevent us from reducing military spending?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Foreign demand falls for Treasuries

    Quote Originally Posted by Crunch View Post
    Hmmmmmmm........ The US attacked Iraq for the oil companies profits?
    No, the US and its partners attacked Iraq for an admittance ticket for bit oil exploitation, which was forbidden in Iraq before our invasion/occupation/new oil law.

    Big oil was kicked out of Iraq 38 years ago when Saddam Nationalized Iraqi oil. We fixed that problem for big oil for which we are dependent.

    Otherwise we have a very short shelf life for our economy which cannot function without Middle East oil into the future.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Foreign demand falls for Treasuries

    Quote Originally Posted by Catawba View Post
    Can you not back up your claim?

    "How does the UN prevent us from reducing military spending?
    Iraq was not about oil.

    Who does the UN always look to for help. When Saddam attacked Kuwait did we go there on our own or was the UN involved?

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    Re: Foreign demand falls for Treasuries

    Quote Originally Posted by ptif219 View Post
    Iraq was not about oil.

    Who does the UN always look to for help. When Saddam attacked Kuwait did we go there on our own or was the UN involved?
    Please show what requirements the UN placed on our funding for the Persian Gulf War.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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