May 30, 2007

Pigs Fly Alert: USAToday front page story exposes $59 Trillion US Debt ($516,000 per household)


Man, the MSM is going HP it looks like. We've been screaming about this issue forever, and I do believe this is the very first MSM article that I've seen.

Meanwhile, do Americans even care? I think when you say "$59 Trillion" people's eyes gloss over. What's on America's Top Model?

It's sickening that our government so blatantly deceives us, and the MSM goes along for the ride. Bravo to Dennis Cauchon at the USAToday for doing his job. Too bad it's too late, and too bad his MSM peers are so pathetically incompetent.

Folks, we're either going to have to go insolvent, cancel entitlement programs, or print dollars like Wiemar Germany to get out of this mess.


Taxpayers on the hook for $59 trillion
By Dennis Cauchon, USA TODAY


The federal government recorded a $1.3 trillion loss last year — far more than the official $248 billion deficit — when corporate-style accounting standards are used, a USA TODAY analysis shows.

The loss reflects a continued deterioration in the finances of Social Security and government retirement programs for civil servants and military personnel. The loss — equal to $11,434 per household — is more than Americans paid in income taxes in 2006.

"We're on an unsustainable path and doing a great disservice to future generations," says Chris Chocola, a former Republican member of Congress from Indiana and corporate chief executive who is pushing for more accurate federal accounting.

Modern accounting requires that corporations, state governments and local governments count expenses immediately when a transaction occurs, even if the payment will be made later.

The federal government does not follow the rule, so promises for Social Security and Medicare don't show up when the government reports its financial condition.


Bottom line: Taxpayers are now on the hook for a record $59.1 trillion in liabilities, a 2.3% increase from 2006. That amount is equal to $516,348 for every U.S. household. By comparison, U.S. households owe an average of $112,043 for mortgages, car loans, credit cards and all other debt combined.


BALANCE DUE
The cost per U.S. household of unfunded promises made by federal, state and local government:


Medicare
$255,280


Social Security
$144,251


Federal debt
$43,380

Military benefits
$25,863

State and local debt
$17,537

Federal civil- servant benefits
$14,374

State and local retiree benefits
$13,114

Other federal obligations
$2,548

Total
$516,348

84 comments:

Anonymous said...

x
x
x

How easy is it to renounce your US citizenship?

John M said...

"How easy is it to renounce US citizenship?"

It became extremely difficult some years ago. When I became a Canadian in 1978, it was nearly impossible to keep your US citizenship if you pledged allegiance to a non-US person (e.g. Queen Elizabeth II). I don't know when they did the 180 degrees.

Metroplexual said...

Good picture Keith,

Must be my brother.

Anonymous said...

john m you missed the question pal, it is very easy to renounce citizenship. what's hard is keeping dual citizenship. what you communists want is the cake and the eating. you want to flee the country but keep the US passport, just in case. sorry communists, that's not how it works.

Anonymous said...

By comparison, U.S. households owe an average of $112,043 for mortgages, car loans, credit cards and all other debt combined.


HUH? But I thought everyone owed $500,000 in mortgages alone, alog with $100,000 in Hummer/Escalade debt.

You mean to tell me on $112K in debt per household, while the value of a median house is $220,000? Sounds pretty good to me.

Anonymous said...

Shhh... this wasn't supposed to get out

China may stop buying our bonds if they find out

Anonymous said...

Yeah but but but

Geo Butch & his Yale edumacation say "deficits don't matter"

Guy Daley said...

Whats somewhat funny/sad are the Bush war supporters that say we can't leave Iraq until we win, like it was a football game or something.

WIN ONE FOR THE GIPPER!!!

If it was coming directly out of there pocket I doubt very much they'd be saying that. But every dollar spent over there is a dollar borrowed from somewhere else.

This position where we have to be the world's policemen is ONE of the most shortsighted, moronic, concepts imaginable.

But hey, make money out of thin air or borrow it what do Americans care just so long as they can drive a tank and have lots of toys to play with? Oh yes and live in a giant shitbox 50 miles from work.

Anonymous said...

My proposal:

Raise retirement age in 2015 by 1 year. Raise retirement age in 2016 by 1 year.

Roll back bush tax cuts on the wealthy.

Leave Iraq.

National tax on junk food, fuel ineffiecient vehicles.

Do other things.

Anonymous said...

And the really ironic thing - these numbers (of the USA) look GREAT when compared to the numbers of socialist Europe...

Marky Mark

Stephen said...

"And the really ironic thing - these numbers (of the USA) look GREAT when compared to the numbers of socialist Europe..."

Marky Mark

--------------------------

Our birthrates look a lot better too. Dhimmi Europe is dying.

bickerer said...

Funny to see a Dem pointing this out when they're the ones that caused it.

Repubs only recently learned to buy votes (under GW) cause they were sick of getting their asses kicked.


.

Anonymous said...

the numbers are skewed because it assumes that those obligations can be paid for because other things in the budget, like outsized defense, must continue.

Anonymous said...

And the various wars we're fighting around the world cost us how much per household?

Anonymous said...

Roll back bush tax cuts on the wealthy.

--------------------------------

Could you elaborate on who this "wealthy" creature is? Only the top 50% pay income tax to begin with so by definition anyone who pays tax is in the top 1/2 of the income chart. Of that 50%, the top 10% pays 67% of all taxes meaning slobs like you making $12 an hour pay $0 taxes, get all the benefits of taxes and yet have the balls to complain about the "wealthy" paying too little in tax.

Go fuck yourself.

Anonymous said...

So the answer to this "crisis" according to Keith and his fellow socialists is......vote for Democrats who will spend even more.

Great plan guys.

Bitter Renter said...

But the republicans say that the tax cuts worked. They say we have even more revenue, not less.

Keep voting republican out there. Selfishness is the key to a first rate society.

Anonymous said...

Actually not that bad.

Wipe off those democrat wet dreams social security and medicare and the remainder is under $100K.

Very manageable.

Anonymous said...

get rid of medicare and social security, simple as it gets those programs are scams and should never have been started in the first place

old people who will complain can go to hell as far as i'm concerned.

Bitter Renter said...

Wrong Marky Mark.

http://tinyurl.com/32fkj7

Check out the external debt figures. The two most capitalist countries have far and away larger debt. Coincidence? Doubt it.

Europe is better than America in so many ways it's hard to count them.

Anonymous said...

National debt is overblown. GDP is growing faster than the national debt. Get over it.

Anonymous said...

Guy Daley what do you suggest?

Diplomacy?

Yawn, America's demise forecasted again, and again.. and again..

Charles Lindbergh in the 1930's suggested that Nazi Germany can not be oppossed. They were not beatable.

dude said...

bitter renter:
you have to divide the total external debt by the number of peple living in that country. so germany is far worste off than the US....

Anonymous said...

Bitter Renter said...
But the republicans say that the tax cuts worked. They say we have even more revenue, not less.

--------------

We do have more revenue moron. Tax receipts have been higher every year since the tax cuts were implemented in 2003.

Unfortuntaley spending increased more.

Try thinking for a change instead of listening to the dailykos/moveon.org marching orders.

Anonymous said...

Bitter Renter said...
Wrong Marky Mark.

http://tinyurl.com/32fkj7

Check out the external debt figures. The two most capitalist countries have far and away larger debt. Coincidence? Doubt it.

Europe is better than America in so many ways it's hard to count them.

May 30, 2007 2:46 PM

----------------------------
What are you waiting for, go live there. One less idiot Democrat voter to worry about here. Hell I'll buy you a 1-way ticket myself and pay for any legal costs associated with renouncing your citizenship.

Anonymous said...

Wrong Marky Mark.

http://tinyurl.com/32fkj7

Check out the external debt figures. The two most capitalist countries have far and away larger debt. Coincidence? Doubt it.

Europe is better than America in so many ways it's hard to count them.


Dude - you are comparing the absolute numbers of debt of one country vs another. You have to take in account things like population and GDP. Absolute numbers are meaningless for comparing countries or anything else financially. It is like saying I am richer/poorer than Donald Trump based on debt - without any knowledge of assets or cash flow. Or that Bob’s Computer Fix it Store is much better than Apple Computer.

Now look where that has been done for as debt/GDP here:

http://en.wikipedia.org/wiki/List_of_countries_by_public_debt

You will notice the USA is well below Japan, Germany and France based on debt/GDP. When you add in that the average American household income is nearly double that of the Europeans, that we have less than half of the unemployment, that we have much less generous socialistic programs and that we a much greater fertility rate - we are also in a much better position to service that debt.

And as for “Europe is better than America in so many ways it's hard to count them” – I am assuming you are talking of the remaining Christian areas of Europe. Before long in Europe, some like you (infidel) will be prohibited from buying alcohol, prohibited from buying/eating pork, prohibited looking/talking to any women, prohibited from eating at all during the day at Ramadan, etc. It will be lovely though, going to mosque and praying 5 times a day (and if you don’t – you will be beaten or killed).

Marky Mark

Bitter Renter said...

Sure, revenue increased. The economy grows every year. But when Clinton raised taxes, revenues increased even faster. The latest recovery is the shallowest we've ever seen.

You republicans have never been able to make economic alchemy work, meaning creating revenue from tax cuts. That's why the deficits and debt climb exponentially when republicans are in control.

Anonymous said...

Cut spending and raise taxes.

Bitter Renter said...

Isn't it funny that we had our strongest period of WIDESPREAD growth and prosperity when the top tax rate was 90% (post WW2 to the 70s)? Seems like we've been on a downward spiral ever since Raygun (may he burn in Hell) cut the taxes so dramatically.

Care to explain that republican'ts?

Anonymous said...

bitter renter you really are a moron. compare GDP growth for the first 6 years of Clinton vs the first 6 years of Bush. Results will suprise you. Hint: Clinton comes in second.

Again stop believing every lie on dailykos/moveon.org and think for yourself for once. You may learn something.

Anonymous said...

Bitter Renter said...
Sure, revenue increased.
--------

First it decreased, not it incrased. Make up your mind. Nah never mind, you are so misguided and uninformed it doesn't matter.

Anonymous said...

Marky Mark, save the effort dude, arguing with this retard is pointless. He is fed the dailykos propaganda daily and is a lost casuse. All he knows is Republican bad, Democrat good. No thinking skills, no analytical skills, a liberal's dream drone.

Anonymous said...

Bitter Renter can't be for real. Nobody is that stupid.

Anonymous said...

I think it's pretty easy to renounce your US citizenship, but I believe the IRS will often keep after you to continue to pay US income taxes even after you do this! At least, this was sometimes the case in the past. Of course, the huge promises made to the American people for future benefits will have to be defaulted on in some manner, but the politicians will continue to purchase votes from the stupid and ignorant with more promised benefits. It is nice to finally see some information about this problem in a major paper. And, the Comptroller of the Currency, whatever his name is I don't remember and don't feel like looking up just now, has been talking about this problem and was on "60 Minutes" a few weeks ago. Future benefits can and will be modified or defaulted, as there aren't enough people on earth to provide all the promises that Americans have promised to themselves. The honest way to do this would be to lower the stars and strips and replace it with the "don't tread on me" flag and just admit the the United States is done and gone...just start over with a new country. I'd suggest going back to the Articles of Confederation and patching it up a little...like the constitutional convention was supposed to do before they got carried away and wrote the far inferior constituion of the US. A little patching and the Articles of Confederation would make for a much freer federal government.

Anonymous said...

The debt became meaningless when the $ became no longer tied to gold. Does the US owe China $1 billion? No problem, crank up the currency printing presses. Here's your $1 billion $. Thanks for playing.

Do we owe Japan some cash too? Oh, no problem, crank up the printing presses. There ya go.

See how it works now?

Gotta send the retirees their social security? No problem, crank up the printng presses. There's your check.

and so forth and so on.

Are you going to say that the US $ is no good? I didn't think so.

Bitter Renter said...

For you visual learners out there:

http://tinyurl.com/36j9tx

or:

http://tinyurl.com/3x3ur3

But, but the republicans said we could have a first rate society and not have to pay for it!

I guess you republicans think a country and its misguided wars run on AIR.

Bitter Renter said...

Conservatism: Selfishness in search of a justification. Except when they need something then they become socialists.

Conservatives are like the guy who eats out with a group, orders all the most expensive things and then hides in the bathroom until the check gets paid.

Bitter Renter said...

By the way, GDP is not a good measure of a countries economic health. It only measures activity no matter how insignificant. I hand you a dollar, you hand it back, I hand it back, you hand it back. There, lots of activity.

But nothing was really done. Europeans don't live to spend money, in fact, the savings rate in Europe approaches 15% whereas here it is nearly in the minus territory. That's why their GDPs are smaller. Oh, and I read that in the Wall Street Journal. Have they been taken over by Moveon.org?

Anonymous said...

The problem remains that the supply side republi-scheittstains think they can create endless amounts of money by easing debt standards and lending standards endlessly. Its called a credit bubble...

Its what happened in the twenties that manifested in 1929,

and its what is happenening today;

Same republi-sheitstained 'supplyside' voodoo all over again. To think that 59 million want this all over again is telling exactly the intelligence of the country they inhabit.

And yes when the big one hits, I will bail after collecting on all my puts and taking my gold with... Can anyone say hello Costa Rica.

yuccatree3 said...

Whats somewhat funny/sad are the Bush war supporters that say we can't leave Iraq until we win, like it was a football game or something. WIN ONE FOR THE GIPPER!!! If it was coming directly out of there pocket I doubt very much they'd be saying that. But every dollar spent over there is a dollar borrowed from somewhere else.
____________________

+++And the "somewhere else" is future Social Security and Medicare payments to the retired Boomers....

Frank@NeverColdCall.com said...

Let's cancel the entitlement programs. They have no place in a free capitalist society.

All they do is punish those who produce and reward those who don't produce.

Anonymous said...

Yeah, Keith, that's it!

We'll throw people out in the street. Never a thought over the TRILLIONS of $ given to super rich people and CORPORATIONS through ZERO taxes and PORK BARREL!!!!!

SO compassionate and smart.

Anonymous said...

You communists are right. Low taxes and growth are no good. I prefered the days of Jimmah Cahtah, boy those were the good old days, 70% marginal tax rate, double digit inflation, price controls, gas rations....can we please, please please elect more Deocunts and go back to those fabulous times?

Anonymous said...

If we reduce or eliminate medicare that will help reduce social security too!

Anonymous said...

Could you elaborate on who this "wealthy" creature is? Only the top 50% pay income tax to begin with so by definition anyone who pays tax is in the top 1/2 of the income chart. Of that 50%, the top 10% pays 67% of all taxes meaning slobs like you making $12 an hour pay $0 taxes, get all the benefits of taxes and yet have the balls to complain about the "wealthy" paying too little in tax.
-----------------------------

and it gets better with the earned income credit. pay zero taxes and still get a refund.

Anonymous said...

bitter renter:

total debt is interesting but per capita is what really matters.

Per capita-wise Canada leads the world.

Anonymous said...

ZERO taxes? Geez another idiot who thinks the poor pay taxes at the expense of the rich. Doofus, I pay more in taxes than you make. You are part of the 50% of American slobs who pay ZERO income tax.

If it weren't for me paying taxes you'd have nothing, no social security, no medicare, no food stamps, no free education for you bastard children, nothing.

You should get down on your knees and thank me instead you insult me.
You ungreatfull piece of grabage.

Lost Cause said...

The Democrats are better with the economy. Anybody who was around in the 1990s can testify to that. Look at the moribund economy ever since. Do you think Old Money is going to give a break to the new and the young? HA!! What they want is high interest US Treasury Bonds! Oil, Old Economy/Commodities dominate this decade. Is it any surprise that the first thing Bush/Cheney did was turn out the lights in California???

Lost Cause said...

You can call it Lost Cause's law -- it will take about a dozen posts on HP before someone is called a socialist or a communist.

Bitter Renter said...

Frank the capitalist shyster thinks a country should be every man for himself. But I'll bet he supports spending a trillion to fail at creating an Iraqi Utopia.

I see guys like Frank all the time who bitch and moan about "socialists" but when they need something they use every government program they can get their filthy, money-grubbing hands on.

I know LOTS of republican types who have hid their aged relatives' wealth and then put them in nursing homes courtesy of Medicaid. Then they complain about welfare n*ggers. And I never met a republican who wasn't the firt in line when the government hands out the goodies.

Anonymous said...

What are you waiting for, go live there. One less idiot Democrat voter to worry about here. Hell I'll buy you a 1-way ticket myself and pay for any legal costs associated with renouncing your citizenship.

------------

And what shall I do with your wife...?..and my kids.

Anonymous said...

Guy Daley you forgot one important 'need'.

Required: Consuming enough food that they cant remember the last time saw their feet without a mirror.

Bitter Renter said...

Hey anonymous jerkoff, the first gas lines were in 1973 when NIXON was president. Nixon also instituted wage and price controls. Inflation was running double digit BEFORE Carter took office. Don't you remember that idiot Ford's WIN buttons? Stood for Whip Inflation Now. WHat a republican rube!

Here's a question for all you dumb-as-rocks conservatives: a) What was the unemployment rate when Reagan took office? b) What was it two years into his first term?





Answers: a)7% b)12%

Anonymous said...

"WASHINGTON (Dow Jones) -- Fed chairman Alan Greenspan told his colleagues back in 2001 that he had " cringed" every time Treasury Secretary Robert Rubin repeated his " mantra" during the Clinton administration that the White House supported a strong dollar.

" Bob Rubin used the mantra about the strong dollar to a point where all of us who had to sit and listen invariably cringed more and more as the weeks and months went on," Greenspan said in a conference call with other Fed officials."


Hey, the dollar is much better now, right sheeple, Republican idiots, and Greenspuke? Then you still have the audacity to complain about Clinton and Rubin. Monica Lewinsky was more important than keeping the dollar strong...you guys are geniuses!

No wonder ONLY 16% of Americans have a bachelor's degree and the entire planet hate us.

That's right, hamsters, keep on spinning that wheel hard and while watching Faux News to support the asses of Halliburton, Blackwater, China, Saudi Arabia, Exxon, and Mexico. But wait, there's more...India wants a big chunk of your paycheck, too, and they are here to collect. Work harder, sheeple!

Your life and future is much better now after 6 years of Bush and Republicans in power, right? I tell you what, vote those freak Republican candidates into office again because they are done yet with your wallet. I'll be watching from overseas, living in a stable economy with a strong currency, eating popcorn.

Anonymous said...

"what's hard is keeping dual citizenship."

Not hard at all. I happen to have three citizenships, with three different passports.

However, I suggest that you get a citizenship from a tax haven, like Switzerland. But you need a minimum of $2 million in LIQUID (no useless house paper) assets to get a citizenship from that country. You don't have to pay a dime in taxes there.

Anonymous said...

"look GREAT when compared to the numbers of socialist Europe..."

Marky Mark "

But Europe is not becoming Mexico. Sooner or later all your congressmen and senators will be Mexicans. Enjoy!

BTW, transferring taxpayer money to illegals sucking welfare sounds socialism to me.

So keep on working hard Marky Mark to support Halliburton, Bush cronies, Blackwater, China, Saudi Arabia...and not getting any decent healthcare insurance. Don't get sick!

Anonymous said...

"the top 10% pays 67% of all taxes meaning slobs like you making $12 an hour pay $0 taxes, get all the benefits of taxes and yet have the balls to complain about the "wealthy" paying too little in tax."

The billionaire Ross Perot had only 6% of effective tax rate in an income of about $360 million, a few years back. If you think that the wealthy pay their fair share of taxes, you must be a sheeple or very stupid. Go get a finance or accounting class at college. If you don't know what "effective tax rate" is, google it.
Man, this American education system is in big big trouble...

Anonymous said...

I gotta tell ya, at least when president carter spoke, you knew he was telling the truth. As opposed to this jackass we have today, and all his yes men sheeple, irregardless, of truth, honor, or integraty. Scheitt, the whole damn bunch doesn't have the integraty that jimmy has in his tiny finger.

As far as entitlments, once this country cuts off the 'entitled' military, and all the looting that goes with it, perhaps we can balance the books.

You see, even an idiot would know that if a country such as ours can incinerate this planet 10 times over, there is no need for much of an expensive military, is there, especially when healthcare is in shambles.

Anonymous said...

Throw out military, civil, and federal benefits entirely, and make them pay for their bennies just like the private sector does; and I'll bet they all would cry just like little bitches. ROTFLMFAO

Anonymous said...

"What are you waiting for, go live there. One less idiot Democrat voter to worry about here. Hell I'll buy you a 1-way ticket myself and pay for any legal costs associated with renouncing your citizenship."

Yeah, let Marky Mark live with all the Mexicans, working his butt to support Bush cronies, China, Saudi Arabia, and Mexico. No wonder ONLY 16% of Americans have a bachelor's degree...
Marky Mark loves to be a Bush crony bitch. Karl Rove loves you, little brainless bitch.

Anonymous said...

The billionaire Ross Perot had only 6% of effective tax rate in an income of about $360 million, a few years back. If you think that the wealthy pay their fair share of taxes, you must be a sheeple or very stupid. Go get a finance or accounting class at college. If you don't know what "effective tax rate" is, google it.
Man, this American education system is in big big trouble...

------------------------------

Idiot, Ross Perot pays more in taxes in one year than your entire family will have paid in their lifetime. If you think he's not paying his fair share you are truly an imbecile.

And of course your 6% is complete bullshit, yet more talking points from dailykos/moveon.org

Anonymous said...

a) What was the unemployment rate when Reagan took office? b) What was it two years into his first term?
Answers: a)7% b)12%


bitter renter is beyond delusional now, just making shit up as he goes along. 12% in 1982....um yeah Ok whatever dude. Try more like 9.7.

How about inflation in 1980 Carter's last year: 13.6%

1981: 10.35%
1982: 6.16%
1983: 3.22%

Learn something then come back here.

Anonymous said...

there are two kinds of people in this country

a) those that work hard, pay taxes

b) liberal Democrats who pay no taxes yet complain that those who do pay taxes don't pay enough, AKA the typical HPer

Anonymous said...

Repugs blame Dems. Dems blame repugs.

What a stupid joke. The people do not control the government. It's been sold to the highest bidder. Can you say military / industrial complex?

How can we call ourselves a democracy when we are still in Iraq and the majority wants us out?

If it were a true democracy Bush would be impeached and in prison for treason and crimes against humanity.

The government should fear the people, not the other way around. What do you think our founding fathers would do?

The boat is sinking folks. Who is going to bail it out?

I know, lets open our borders to unlimited immigration, get them on the tax roles!

That and inflate it all away, just like they always do.

Anonymous said...

"I think it's pretty easy to renounce your US citizenship, but I believe the IRS will often keep after you to continue to pay US income taxes even after you do this!"

Not at all. I give you an example: the billionaire Sir John Templeton was born in Winchester, Tennessee, but later renounced his American citizenship to live tax-free, as a Bahamian citizen. Bahamas doesn't have income tax or investment tax. He also has a British citizenship. He just flies back and forward from the Bahamas to the US. And yes, he's the same guy who owns the Templeton investment company, and has a degree from Yale.

Anonymous said...

Dean Baker over at the American Prospect has a good post on this.

http://www.prospect.org/csnc/blogs/beat_the_press_archive?month=05&year=2007&base_name=horror_flick_at_usa_todayretur_1

From his post:

"The article not only fails to put the trillions in any context that would make it meaningful to readers (e.g. express it as a share of future income @ 7 percent), it goes out of its way to use a context that further misleads readers. It tells readers that the debt comes to $516,348 per household. That number would sound somewhat less scary if the article pointed out that by the same methodology, future income comes to more than $6 million per household."

Anonymous said...

"Idiot, Ross Perot pays more in taxes in one year than your entire family will have paid in their lifetime. If you think he's not paying his fair share you are truly an imbecile."

Let it go, another dumb who doesn't know that what's important is the "effective tax rate", not the amount paid.

Wow, the amount of financially challenged Republican morons in this country is mind boggling. Seriously, you guys need to start studying more because it's even embarrassing the stupidity that comes out of your heads. Karl Rove loves people like you.

Anonymous said...

The same ignorant Republicans who don't know or pay attention to "effective tax rates", are the same ones who buy real estate without knowing or paying attention to CAP RATE, IRR, Positive Cash Flows, etc.

No big surprise here!

Anonymous said...

No wonder so many people work for cash, they already see the theft of the future by the government....
NEWS FLASH ... " Everyone, except gov't officals, must now be 100 years old to recieve Social Security and Medicare benifits .. AHHHH, the system is solvent again." Were screwed again!!!

Anonymous said...

"How about inflation in 1980 Carter's last year: 13.6%

1981: 10.35%
1982: 6.16%
1983: 3.22%

Learn something then come back here."

haha...another sheeple who thinks that the current inflation is low. He believes the current gov data. What a moron! Man, this country is screwed with people like that and the idiot Giuliani will be the next president, no doubt...thanks to millions of stupid and uneducated voters like this guy above. Yep, the US is going down fast. Viva la America!

Anonymous said...

There are two kinds of people in this country:

a) Those uneducated and stupid Republicans who work hard and pay taxes, so Bush cronies, Halliburton, Blackwater, China, Saudi Arabia, Mexico, and India, can live out of their backs.

b) And those educated Democrats, Republicans, and Independents, who refuse to become bitches of special interest. Those usually live in Blue States and carry the entire country on their backs by creating Silicone Valley, the movie industry, etc, while the red necks create Wal-Mart, which is destroying the country.

Bitter Renter said...

You're right. From the BLS website:

1979 5.8
1980 7.1
1981 7.6
1982 9.7

At the time the numbers being thrown around were 7% and 12%. But I'll go along with 5.8 and 9.7. Reagan also changed the way the number was calculated by including those serving in the military in the rate.

Like I said, inflation was bad way before Carter. All reagan did to slow it was to throw 11 million people out of work.

Nothing you said refutes the idea that republicans are bad for the masses.

Anonymous said...

"b) And those educated Democrats, Republicans, and Independents, who refuse to become bitches of special interest. Those usually live in Blue States and carry the entire country on their backs by creating Silicone Valley, the movie industry, etc, while the red necks create Wal-Mart, which is destroying the country."


Silicone!?!

Stop it, you're killing me. ha ha ha.

Where is this Silicone valley? Near LA I bet.

Anonymous said...

Here's a question for all you dumb-as-rocks conservatives: a) What was the unemployment rate when Reagan took office? b) What was it two years into his first term?





Answers: a)7% b)12%

---------------------------------

and what was it when he left office?


Answer: 5.3%

Heck of a job Ron.

Anonymous said...

But Europe is not becoming Mexico. Sooner or later all your congressmen and senators will be Mexicans. Enjoy!
------------------------

yea, Europe is becoming Eurislam.

Anonymous said...

As far as entitlments, once this country cuts off the 'entitled' military, and all the looting that goes with it, perhaps we can balance the books.

---------------------------------

uh huh, cutting the military budget to zero wouldn't get us out of this hole we are in, though that dollar amount is a good start.

Anonymous said...

Anybody who was around in the 1990s can testify to that.

-------------------------------

ironic I keep seeing this same dribble posted on a "bubble" website.

Guess what, the "good time" 90s was a unsustainable bubble, you idiots. Stop talking about it as if it was the way things should be.

I knew a guy at the peak of the 90s that had just a GED who was making 100k working in an IS dept. He let go as soon as it was apparent that the bubble had burst, now he works in a local mom/pop computer store.

Anonymous said...

Hell I'll buy you a 1-way ticket myself and pay for any legal costs associated with renouncing your citizenship.

I want to take you up on your offer. How do I contact you? I'm serious. I'm ready to go.

readsitall said...

Wow! Great battle of words going on. I quiver to think of "President Guiliani." Is this where we are heading folks? This script is a mirror image of NAZI Germany in the 30's. I don't care if you are a Republican or Democrat. The United States of America is heading over a cliff in real time.

Anonymous said...

The only person who can be so stupid as to think that the Carter presidency was better than Reagan's is someone who was not alive then or was in a hash den.

All spending bills are approved by Congress, and who was in charge of the House for most of Clinton's term- Newt Gingrich. There is no way Clinton could have spent as much as he wanted to, or his constituencies would have wanted him to.

I think you are always going to be a bitter renter. And make sure you dont leave any holes in the walls or paint, or you'll lose your deposit.

gt said...

renouncing our US citi-zen-ship i think is the way to go. forget dual citizenship. they can have my US passport.
if i want to come back, i just fly into mexico and have the right to cross the border with my spanish speaking friends.

Bitter Renter said...

All spending bills are approved by Congress, and who was in charge of the House for most of Clinton's term- Newt Gingrich. There is no way Clinton could have spent as much as he wanted to, or his constituencies would have wanted him to.

So what expelains the out of control spending in the last 6 years that the republicans had total control? You know, the period that exploded the deficits and the debt?

Dumb f*cking republicans. Always looking to blame others. The truth is that the reason republicans are more often in the minority is because their policies guided by selfishness, greed and ignorance gave us bad times like when they gave us the Great Depression. That was the last time they ruled for a long time, 30 years prior to the Depression which resulted in them dropping to 20% of Congress. We should have gassed them to hell then as a warning to future generations of conservatives.

Anonymous said...

But the cardboard box they have residential permitings to live in has an assessed value of 800,000 so if they can pay the tax, associations, insurances and upkeep and maintence and all the min imums of utilities they have a net untaxed net worth of about 300,000

Anonymous said...

gassed them to hell, yet how much gold is 2 million worth, to buy swiss passport? ala nazi germany??????????, sheet im brokee againee