View Poll Results: Is the US government fiscally retarded?

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Thread: Is the US government fiscally retarded?

  1. #1
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    Is the US government fiscally retarded?

    Do you think our government is fiscally retarded? Or is it just me that does?
    Is what you're living for today, worth dying for tomorrow?
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    Re: Is the US government fiscally retarded?

    Of course they are, they spend money like it's going out of style and never stop to consider the consequences. They don't know where the money is supposed to come from, nor do they care, they just spend, spend, spend, spend.
    There is nothing demonstrably true that religion can provide the world that cannot be achieved more rationally through entirely secular means.

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    Re: Is the US government fiscally retarded?

    They are like spoiled teenagers with money given to them to spend it wisely on things they need. They waste it on useless crap and then go back to you asking you for money to buy a pair shoes or a pair pants even though the money you gave them was enough to cover those things.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

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    Re: Is the US government fiscally retarded?

    Like today when I saw on the morning news they were coming out with new pennies to commemorate Lincoln's 200th birthday. For one we already commemorate him- with his image that is on the penny. For another it costs more to make pennies than they are worth so spending more money to make new pennies and new plates to make them is simply retarded.
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    Re: Is the US government fiscally retarded?

    Quote Originally Posted by americanwoman View Post
    Like today when I saw on the morning news they were coming out with new pennies to commemorate Lincoln's 200th birthday. For one we already commemorate him- with his image that is on the penny. For another it costs more to make pennies than they are worth so spending more money to make new pennies and new plates to make them is simply retarded.
    A penny saved is not a penny earned.

    For awahile there the copper in a penny was worth more than the penny itself

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    Re: Is the US government fiscally retarded?

    Our government is too large, has too many programs, has too many agencies, has too much bureaucracy, and has way way way too much power. There is no way in hell that the current incarnation of our government could ever behave in any fiscally responsible manner.
    You know the time is right to take control, we gotta take offense against the status quo

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    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

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    Re: Is the US government fiscally retarded?

    Quote Originally Posted by winston53660 View Post
    A penny saved is not a penny earned.

    For awahile there the copper in a penny was worth more than the penny itself
    Cent (United States coin) - Wikipedia, the free encyclopedia
    17931857 copper
    18571864 88% copper, 12% nickel (also known as NS-12)
    18641942 bronze (95% copper, 5% tin and zinc)
    1943 zinc-coated steel (also known as steel penny)
    19441946 brass (95% copper, 5% zinc)
    19461962 bronze (95% copper, 5% tin and zinc)
    19621982 brass (95% copper, 5% zinc)
    1982 present 97.5% zinc core, 2.5% copper plating



    Cent (United States coin) - Wikipedia, the free encyclopedia
    Both the US cents before 1982 and all US nickels have a metal content at market worth more than face value of the coins. As of December 16, 2008, the US nickel has $0.06013 in metal content; all circulating US nickels carry a 20.3% premium over face value in metal content metal at market prices. The intrinsic value of pre-1982 US cents, weighing 3.11 grams, are worth $0.02414, 141.4% above face value in metal content at market prices. However, post-1982 US cents, which weigh 2.5 grams, are 97.5% zinc and 2.5% copper (coated over the zinc) by weight. These have an intrinsic value of $0.00508 as of June 13, 2008, or 49.2% less than face value.

    According to the US Mint, the costs of producing and shipping one-cent (penny) and 5-cent (nickel) coins during fiscal year 2007 were $0.0167 per cent and $0.0953 per nickel.[10]
    Last edited by jamesrage; 02-12-09 at 11:19 AM.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

  8. #8
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    Re: Is the US government fiscally retarded?

    Government is fiscally retarded only if the free market is Helen Keller.

    Yes it has its limitations, but the miracles it accomplishes are unexplainable. Our elected federal officials are just "born dumb" when it comes to handling money...
    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: Is the US government fiscally retarded?

    Quote Originally Posted by americanwoman View Post
    Do you think our government is fiscally retarded? Or is it just me that does?
    It's not just you. They are worse with money than any entity or person I have ever known.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

  10. #10
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    Re: Is the US government fiscally retarded?

    Quote Originally Posted by jamesrage View Post
    According to the US Mint, the costs of producing and shipping one-cent (penny) and 5-cent (nickel) coins during fiscal year 2007 were $0.0167 per cent and $0.0953 per nickel.[10]
    [/thread]
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