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Thread: Foreign demand falls for Treasuries

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    Re: Foreign demand falls for Treasuries

    Quote Originally Posted by ptif219 View Post
    Nice spin.Notice my 2 sources are not the MSM. The MSM are quiet on this.
    Uh, what?

    Your two sources are the Financial Times and the Christian Science Monitor. In what alternate universe are those not classic examples of the mainstream media?

    But if you insist:

    China cuts U.S. Treasury holdings | Reuters
    The Associated Press: Beijing's Treasury holdings fall as it diversifies
    China Loses Top Spot As Holder Of US Treasurys - WSJ.com


    Obama selling weapons to Taiwan and meeting with the Dalai Lama is not helping.
    Both of which Bush did as well, and we all know how much that caused China to cut their treasury holdings.
    Last edited by RightinNYC; 02-19-10 at 08:41 PM.
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    Re: Foreign demand falls for Treasuries

    Quote Originally Posted by donsutherland1 View Post
    Those are points on which U.S. and Chinese foreign policy diverge. Those are irritants for China, but the impact should be limited. There won't be a rupture in relations.

    Significant damage in relations or an outright rupture in relations would arise if, for example, the U.S. rescinded its "One China" policy or if it recognized Tibet as an independent state. Neither outcome is even remotely likely at this time.
    Ok you know it all. Obama is playing with fire and we may all get burned

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    Re: Foreign demand falls for Treasuries

    Quote Originally Posted by ptif219 View Post
    Ok you know it all. Obama is playing with fire and we may all get burned
    U.S. foreign policy has not changed on those two issues. President Bush met with the Dalai Lama. Under President Bush, the U.S. sold weapons to Taiwan. At this time, continuity is the theme with respect to U.S. policy on those two issues. Nothing has been done to represent a dramatic policy break to the extent that China would fundamentally reassess its relationship with the U.S.

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    Re: Foreign demand falls for Treasuries

    Quote Originally Posted by Crunch View Post
    Cutting our military by 50%, and the commitments cuts that the 50% cut would require, would decimate Europe's Public health Care system.

    They would have to spend the money on their military instead of relying on us for protection.
    Yeah Germany would have to increase its military Budget to defend against the massive Polish army accross the boarder waiting to invade when the US leaves. Or is it the Italians Germany needs to worry about?

    Russia does not have the capability to invade Europe. It's population is around double that of Germany, no more then 1/4 that of the EU. It's military budget is propably 20% that of the UK, France, Germany, and Italy (when combined). It has plenty of its military tied down in the Georgia, Chechnya region.

    Or of course Europe needs a massive military to defend against the massive muslim navy just waiting to cross the med and invade

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    Re: Foreign demand falls for Treasuries

    Quote Originally Posted by RightinNYC View Post
    How exactly will health care reform fix Medicare's unfunded liability?
    By decreasing medical care costs and increasing revenues into the system. Removing the caps placed on the wealthy would be one way to increase the revenue.

    No, you're presenting a legal argument, claiming that the Constitution doesn't authorize it. How on earth is that a moral argument?
    I presented two reasons for my perspective. One was the Constitution does not authorize it and that it is morally wrong to kill others to gain control of their possessions.

    Yes, that's exactly what I said.
    I am familiar with the popularity of the philosophy of might makes right and the ends justify the means!

    I find it highly ironic that its not what we teach our children but we find it permissible for our foreign policy.

    Some apparently do not see the double standard in our ethics.
    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
    Cutting our military by 50%, and the commitments cuts that the 50% cut would require, would decimate Europe's Public health Care system.

    They would have to spend the money on their military instead of relying on us for protection.
    That was not the case before Bush & Co doubled the military budget.
    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 donsutherland1 View Post
    A capability to maintain open shipping lanes in the Persian Gulf was one example of a vital international interest. A nation's defense posture can't be grounded solely in a single interest.

    What was the deficiency in our nation's defensive capabilities before Bush doubled our military budget?

    The U.S. has no policy that advocates the killing of innocent people. In fact, just the opposite is true. For example, the February 15, 2010 edition of The New York Times revealed efforts that U.S. is undertaking to minimize civilian casualties:
    The fact that our foreign policy knowingly inflicts civilian casualties for oil interests contrasts with that sentiment.

    They [NATO and Afghan military officials] acknowledge that the rules entail risk to its troops, but maintain that civilian casualties or destruction of property can alienate the population and lead to more insurgent recruits, more homemade bombs and a prolonged conflict.

    But troops complain that strict rules of engagement -- imposed to spare civilian casualties -- are slowing their advance into the town of Marjah in Helmand province, the focal point of the operation involving 15,000 troops.
    Which explains why al Qaeda keeps growing world wide while go deeper in debt.
    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
    By decreasing medical care costs and increasing revenues into the system.
    Got something more specific than "it would totally fix it"? Any actual evidence to show that this would fix the $89T liability?

    Removing the caps placed on the wealthy would be one way to increase the revenue.
    There is no cap on Medicare's payroll tax.

    Contribution and Benefit Base

    I presented two reasons for my perspective. One was the Constitution does not authorize it and that it is morally wrong to kill others to gain control of their possessions.
    And your first argument is simply not supported by the Constitution. As to your second, there's no point in arguing with you about this.

    I am familiar with the popularity of the philosophy of might makes right and the ends justify the means!

    I find it highly ironic that its not what we teach our children but we find it permissible for our foreign policy.

    Some apparently do not see the double standard in our ethics.
    And you don't see the irony in comparing what we teach our children to the flaw in your logic that I pointed out re: Rwanda?

    I guess I missed the day in Kindergarten where we learned that we should allow genocide to occur overseas because anything else would be an improper imposition of our values on other societies.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: Foreign demand falls for Treasuries

    Quote Originally Posted by RightinNYC View Post
    Got something more specific than "it would totally fix it"? Any actual evidence to show that this would fix the $89T liability?
    You might want to ask whoever you quoted there.


    There is no cap on Medicare's payroll tax.
    Did I say anything at all about payroll tax? No

    "FICA is also not collected on unearned income, including interest on savings deposits, stock dividends, and capital gains such as profits from the sale of stock or real estate. The proportion of total income which is exempt from FICA as "unearned income" tends to rise with higher income brackets."
    [ame=http://en.wikipedia.org/wiki/Federal_Insurance_Contributions_Act_tax]Federal Insurance Contributions Act tax - Wikipedia, the free encyclopedia[/ame]

    And you don't see the irony in comparing what we teach our children to the flaw in your logic that I pointed out re: Rwanda?
    Have you heard me complain about our conduct in Rwanda? No.

    My complaint is about a foreign policy that excuses the killing of innocent people to make the Middle East safe for big oil?
    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
    You might want to ask whoever you quoted there.
    I'm asking you for any evidence that your proposals would fix the gap.

    Did I say anything at all about payroll tax? No

    "FICA is also not collected on unearned income, including interest on savings deposits, stock dividends, and capital gains such as profits from the sale of stock or real estate. The proportion of total income which is exempt from FICA as "unearned income" tends to rise with higher income brackets."
    Federal Insurance Contributions Act tax - Wikipedia, the free encyclopedia
    Nice try.

    1) FICA is a payroll tax, so pretending that that's not what you were talking about by saying you "didn't mention payroll tax" doesn't quite work.

    2) FICA is the SS and Medicare tax, which is what I referred to.

    3) Since FICA is a payroll tax, it doesn't make sense to call a proposal to expand it to other forms of income a "lifting of the cap." There is no cap as related to Medicare - it's just not what you're trying to do.

    There's no need to dance around it, just come out and say that your plan to fix the $89T unfunded liability can be described in all its complexity as "tax the rich."

    Have you heard me complain about our conduct in Rwanda? No.
    ...which is the point.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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