Page 8 of 13 FirstFirst ... 678910 ... LastLast
Results 71 to 80 of 124

Thread: Foreign demand falls for Treasuries

  1. #71
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

    Re: Foreign demand falls for Treasuries

    Quote Originally Posted by ptif219 View Post
    Bush had to double it since Clinton gutted the military
    Clinton helped decrease our debt by cutting wasteful spending in the military without reducing our defensive capability.

    Are we no longer interested in debt reduction?
    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

  2. #72
    Banned
    Join Date
    Nov 2009
    Location
    melbourne florida
    Last Seen
    09-24-15 @ 12:15 AM
    Gender
    Lean
    Very Conservative
    Posts
    13,156

    Re: Foreign demand falls for Treasuries

    Quote Originally Posted by Catawba View Post
    Clinton helped decrease our debt by cutting wasteful spending in the military without reducing our defensive capability.

    Are we no longer interested in debt reduction?
    CNN.com - Transcripts

    KAGAN: First, I want to get to the big picture of this hearing. It's to look at the overall size of the U.S. military. Where do you think that number should be, and is the current number too large or too small?

    HUNTER: Well, we've cut -- Daryn, we've cut the military almost in half since 1991. We had -- during the first Gulf War we had 18 Army divisions. We're now down to 10. We had 24 active fighter air wings. We've now cut that down to only 13, so we've cut air power almost in half. And we had a Navy with 546 ships in 1991. That's down to just about 300 right now. So, we have a much smaller force structure.

    Now, I heard the president's statement, and we do have to give the president his due. This defense budget this year that we're about ready to pass is $90 billion more than the last Clinton defense budget. Nonetheless, we have commitments around the world, and this country has to have a military with broad capability. Obviously, we have to be able to win a conventional armored attack like we launched in Iraq. We have to be able to handle guerrilla warfare. We also have to handle an occupation, which is being undertaken right now in Iraq. That takes a lot of people. And I personally would like to see an extra couple of divisions and an extra couple of fighter air wings and more bomber strength.

  3. #73
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

    Re: Foreign demand falls for Treasuries

    Quote Originally Posted by ptif219 View Post
    CNN.com - Transcripts

    KAGAN: First, I want to get to the big picture of this hearing. It's to look at the overall size of the U.S. military. Where do you think that number should be, and is the current number too large or too small?

    HUNTER: Well, we've cut -- Daryn, we've cut the military almost in half since 1991. We had -- during the first Gulf War we had 18 Army divisions. We're now down to 10. We had 24 active fighter air wings. We've now cut that down to only 13, so we've cut air power almost in half. And we had a Navy with 546 ships in 1991. That's down to just about 300 right now. So, we have a much smaller force structure.

    Now, I heard the president's statement, and we do have to give the president his due. This defense budget this year that we're about ready to pass is $90 billion more than the last Clinton defense budget. Nonetheless, we have commitments around the world, and this country has to have a military with broad capability. Obviously, we have to be able to win a conventional armored attack like we launched in Iraq. We have to be able to handle guerrilla warfare. We also have to handle an occupation, which is being undertaken right now in Iraq. That takes a lot of people. And I personally would like to see an extra couple of divisions and an extra couple of fighter air wings and more bomber strength.
    I am talking about defensive capability not imperialistic capability. Iraq was unnecessary except to allow big oil back in Iraq for the first time since Saddam kicked them out. Let big oil pay for it!

    We now spend almost as much on our military as the rest of the world combined!!!

    "Of all the enemies to public liberty war is, perhaps, the most to be dreaded because it comprises and develops the germ of every other. War is the parent of armies; from these proceed debts and taxes known instruments for bringing the many under the domination of the few. No nation could preserve its freedom in the midst of continual warfare."

    James Madison, Political Observations, 1795

    "Summarizing some key details from chapter 5 of the Stockholm International Peace Research Institute (SIPRI)s 2009 Year Book on Armaments, Disarmament and International Security for 2008:

    * World military expenditure in 2008 is estimated to have reached $1.464 trillion in current dollars (just over $1.2 trillion in 2005 constant dollars, as per above graph);

    * This represents a 4 per cent increase in real terms since 2007 and a 45 per cent increase over the 10-year period since 1999;

    * This corresponds to 2.4 per cent of world gross domestic product (GDP), or $217 for each person in the world;

    * The USA with its massive spending budget, is the principal determinant of the current world trend, and its military expenditure now accounts for just under half of the world total, at 41.5% of the world total;"

    World Military Spending ? Global Issues
    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

  4. #74
    Banned
    Join Date
    Nov 2009
    Location
    melbourne florida
    Last Seen
    09-24-15 @ 12:15 AM
    Gender
    Lean
    Very Conservative
    Posts
    13,156

    Re: Foreign demand falls for Treasuries

    Quote Originally Posted by Catawba View Post
    I am talking about defensive capability not imperialistic capability. Iraq was unnecessary except to allow big oil back in Iraq for the first time since Saddam kicked them out. Let big oil pay for it!

    We now spend almost as much on our military as the rest of the world combined!!!

    "Of all the enemies to public liberty war is, perhaps, the most to be dreaded because it comprises and develops the germ of every other. War is the parent of armies; from these proceed debts and taxes known instruments for bringing the many under the domination of the few. No nation could preserve its freedom in the midst of continual warfare."

    James Madison, Political Observations, 1795

    "Summarizing some key details from chapter 5 of the Stockholm International Peace Research Institute (SIPRI)s 2009 Year Book on Armaments, Disarmament and International Security for 2008:

    * World military expenditure in 2008 is estimated to have reached $1.464 trillion in current dollars (just over $1.2 trillion in 2005 constant dollars, as per above graph);

    * This represents a 4 per cent increase in real terms since 2007 and a 45 per cent increase over the 10-year period since 1999;

    * This corresponds to 2.4 per cent of world gross domestic product (GDP), or $217 for each person in the world;

    * The USA with its massive spending budget, is the principal determinant of the current world trend, and its military expenditure now accounts for just under half of the world total, at 41.5% of the world total;"

    World Military Spending ? Global Issues

    Nice spin to avoid the facts. Clinton nearly cut the Military in half.

  5. #75
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

    Re: Foreign demand falls for Treasuries

    Quote Originally Posted by ptif219 View Post
    Nice spin to avoid the facts. Clinton nearly cut the Military in half.
    That is because it was twice as large as needed for defense, and reduced our debt in the process.

    Bush doubled spending to twice the amount the needed for defense, and increased our debt in the process.

    I guess when our debt is a big enough for people to become concerned about it, we will again cut the waste from our 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

  6. #76
    Banned
    Join Date
    Nov 2009
    Location
    melbourne florida
    Last Seen
    09-24-15 @ 12:15 AM
    Gender
    Lean
    Very Conservative
    Posts
    13,156

    Re: Foreign demand falls for Treasuries

    Quote Originally Posted by Catawba View Post
    That is because it was twice as large as needed for defense, and reduced our debt in the process.

    Bush doubled spending to twice the amount the needed for defense, and increased our debt in the process.

    I guess when our debt is a big enough for people to become concerned about it, we will again cut the waste from our military spending.
    Clinton gutted the Military and made us less able to do what we need. You can't cut the military in half and expect to be able to fight a war.

  7. #77
    Disappointed Evolutionist
    Catawba's Avatar
    Join Date
    Jun 2009
    Last Seen
    05-28-13 @ 08:15 PM
    Gender
    Lean
    Liberal
    Posts
    27,254

    Re: Foreign demand falls for Treasuries

    Quote Originally Posted by ptif219 View Post
    Clinton gutted the Military and made us less able to do what we need. You can't cut the military in half and expect to be able to fight a war.

    We spend almost as much on the military as the rest of the world, combined!!!


    That is not needed for defense unless the rest of the world attacks you at once. Is that what you are expecting?
    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

  8. #78
    Banned
    Join Date
    Nov 2009
    Location
    melbourne florida
    Last Seen
    09-24-15 @ 12:15 AM
    Gender
    Lean
    Very Conservative
    Posts
    13,156

    Re: Foreign demand falls for Treasuries

    Quote Originally Posted by Catawba View Post
    We spend almost as much on the military as the rest of the world, combined!!!


    That is not needed for defense unless the rest of the world attacks you at once. Is that what you are expecting?
    We have to defend much of the world.

  9. #79
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 11:36 PM
    Lean
    Other
    Posts
    19,883

    Re: Foreign demand falls for Treasuries

    Quote Originally Posted by ptif219 View Post
    Clinton gutted the Military and made us less able to do what we need. You can't cut the military in half and expect to be able to fight a war.
    Okay Genius, tell me, what is the purpose of funding a large military designed to stop an enemy that no longer exists?

    Should we spend money on wooden spikes to stop English Cavalry charges?
    Should we spend money on special armor to stop French Crossbows?
    Should we spend money on special forts to stop Italian early renaissance bombards?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  10. #80
    Banned
    Join Date
    Nov 2009
    Location
    melbourne florida
    Last Seen
    09-24-15 @ 12:15 AM
    Gender
    Lean
    Very Conservative
    Posts
    13,156

    Re: Foreign demand falls for Treasuries

    Quote Originally Posted by obvious Child View Post
    Okay Genius, tell me, what is the purpose of funding a large military designed to stop an enemy that no longer exists?

    Should we spend money on wooden spikes to stop English Cavalry charges?
    Should we spend money on special armor to stop French Crossbows?
    Should we spend money on special forts to stop Italian early renaissance bombards?
    Enemy doesn't exist? What was 911?

    We are in Iraq,Afghanistan, Pakistan, and have concerns about Iran. Then there is the Israel problems that occur every couple of years.

Page 8 of 13 FirstFirst ... 678910 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •