Worst Congress ever?
#22
10-24-2006 | 12:09 PM
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#23
10-24-2006 | 02:37 PM
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Worst Congress ever?
Originally posted by: georged
I have heard that the multi-national corporations pulled together have enough wealth to pay off our national debt 7 times over.....so what was this about everybody being broke again?
Right now the New York Stock Exchange, the world's largest, is composed of companies having global capitalization of $21-trillion. Of that $14-trillion is US companies, the remainder non-US. US National debt is now $8.6-trillion.
To pay off the national debt, theoretically over one-half of the major US public companies would have to be liquidated. To do that, they'd have to be nationalized by the government. To nationalize them would essentially take them from public ownership and make them the property of the US government for purposes of liquidation. Which would destroy equity markets, making all public companies worth maybe 10% of capitalization, or $1.4-trillion in a fire sale. That won't solve US problems, the solution being more disastrous than the problem, to say nothing of the public riots and USD crash that would accompany nationalization.
The problem is the apathetic and ignorant US Public allowing its scum leadership the freedom to loot public funds for special interests while enriching themselves. I don't find that real surprising as most of the general public lives in an ocean of personal debt barely keeping their heads above water, a paycheck or two away from financial disaster.
I have heard that the multi-national corporations pulled together have enough wealth to pay off our national debt 7 times over.....so what was this about everybody being broke again?
To pay off the national debt, theoretically over one-half of the major US public companies would have to be liquidated. To do that, they'd have to be nationalized by the government. To nationalize them would essentially take them from public ownership and make them the property of the US government for purposes of liquidation. Which would destroy equity markets, making all public companies worth maybe 10% of capitalization, or $1.4-trillion in a fire sale. That won't solve US problems, the solution being more disastrous than the problem, to say nothing of the public riots and USD crash that would accompany nationalization.
The problem is the apathetic and ignorant US Public allowing its scum leadership the freedom to loot public funds for special interests while enriching themselves. I don't find that real surprising as most of the general public lives in an ocean of personal debt barely keeping their heads above water, a paycheck or two away from financial disaster.
opednews
#24
10-24-2006 | 03:33 PM
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Worst Congress ever?
Very well said.
#25
10-27-2006 | 09:46 PM
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#26
10-28-2006 | 12:33 AM
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Worst Congress ever?
Hmmm. As someone who a) has worked his entire adult life for the people of this nation, both serving 20 years in our military, and for the pst 10 as a consultant to a major cabinet agency, I think I have an insight here. First and formost I share a lot of the concerns that many have spoken here. I also have witnessed first hand much more than can be printed here.. I have been scared to death knowing the true details, then seeing the government spin on just about any subject you can name... so I think I can safely say that we may not have been lied to as some suggest, however we haven't always been given the wohole truth either. This current administration has me beside myself actually. Congressional leaders are even worse. When you think of it though, any one who would want the job should have their heads examined. Nobody in their right mind would want the jobs.
What keeps be plugging away is a basic belief in the Goodness of MAN. That somehow some where, down deep a person wants to do the right thing, and will if given the chance. Call that old fashioned... well maybe it is. I grew up in a time when a man's word was his bond. That nobody asked for handouts.. that you helped your neighbors when they needed it, and you never refused their help when you were in need. I guess you can say we were a lottle less self centered then.
I hope that with elections looming, that each of us does a little soul searching and choose candidates that share the same ideals that DO make this nation great. I don't for one minute believe there is another place on this Earth that can hold a candle to our way of life. Like it or not, there are some real s-holes out there. If you have ever been outside our great country and seen the local ways of life beneath the tourist surface... you will agree. The grass isn't greener over there... I have been there and seen that.. and it doesn't come close. A lot of countries want to see us fail. If it does come to that, it won't come from outside our borders... it will be from within. Mistrust, apathy, ignorance. they all add fuel to the fire. The solution is on the other side of that keyboard.
What keeps be plugging away is a basic belief in the Goodness of MAN. That somehow some where, down deep a person wants to do the right thing, and will if given the chance. Call that old fashioned... well maybe it is. I grew up in a time when a man's word was his bond. That nobody asked for handouts.. that you helped your neighbors when they needed it, and you never refused their help when you were in need. I guess you can say we were a lottle less self centered then.
I hope that with elections looming, that each of us does a little soul searching and choose candidates that share the same ideals that DO make this nation great. I don't for one minute believe there is another place on this Earth that can hold a candle to our way of life. Like it or not, there are some real s-holes out there. If you have ever been outside our great country and seen the local ways of life beneath the tourist surface... you will agree. The grass isn't greener over there... I have been there and seen that.. and it doesn't come close. A lot of countries want to see us fail. If it does come to that, it won't come from outside our borders... it will be from within. Mistrust, apathy, ignorance. they all add fuel to the fire. The solution is on the other side of that keyboard.
#27
10-28-2006 | 01:29 PM
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Worst Congress ever?
As an indicator of whether or not the general public is aware of the self-serving scum leading our nation, the upcoming national election and the next presidential election will be an interesting gauge. For the first time in my life as a registered Republican I'm going to vote against every Republican on the tickets. There are some independents I favor, but due to the electoral process in most cases all my vote for them would do is drain a vote against a Republican supporting current administration policies.
I'm not saying there's any difference between the two parties, that disappeared long ago when Republicans shunned fiscal responsibility and openly used special interests to buy office. I'm just ready for a change, any change that empathizes US domestic needs. I'm tired of shipping our wealth offshore to bolster margins for defense contractors and commodity traders while expanding an already bloated military and government. Especially as I watch our infrastructure crumble as state revenue sharing is extinguished by federal requirements to wage a war possibly even more stupid than Vietnam. Those posters whining about not having ATV parks should take a close look at where our tax dollars and incurred debt are being spent and here's a clue, it's not anywhere that benefits the USA.
Incidentally, where are those posters who supported current administration policies rubber stamped by congress as patriotic, good for the economy and all that blather? Now that we're wallowing in debt to the point China is dictating some of our foreign policy, our educational system is failing and the highest paying job for a high school grad is joining the volunteer military for a chance at getting killed in a country that doesn't want us there, where are those wrap it in a flag philosophers?
I'm not saying there's any difference between the two parties, that disappeared long ago when Republicans shunned fiscal responsibility and openly used special interests to buy office. I'm just ready for a change, any change that empathizes US domestic needs. I'm tired of shipping our wealth offshore to bolster margins for defense contractors and commodity traders while expanding an already bloated military and government. Especially as I watch our infrastructure crumble as state revenue sharing is extinguished by federal requirements to wage a war possibly even more stupid than Vietnam. Those posters whining about not having ATV parks should take a close look at where our tax dollars and incurred debt are being spent and here's a clue, it's not anywhere that benefits the USA.
Incidentally, where are those posters who supported current administration policies rubber stamped by congress as patriotic, good for the economy and all that blather? Now that we're wallowing in debt to the point China is dictating some of our foreign policy, our educational system is failing and the highest paying job for a high school grad is joining the volunteer military for a chance at getting killed in a country that doesn't want us there, where are those wrap it in a flag philosophers?
#28
10-28-2006 | 01:50 PM
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#29
10-28-2006 | 05:14 PM
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Worst Congress ever?
Originally posted by tshull......... al gore is lookin pretty good now!!
Hypocrisy is a curse on both sides. Algore has more than a few inconvenient truths of his own. He espouses a "carbon-neutral lifestyle" for the little folk, but fails to live up to it himself. Forget about the posse of suburbans that escort him everywhere, how about all the international and domestic flights in a private jet while promoting his ideas and movie? Not to mention he and his wife Tipper live in two properties: a 10,000-square-foot, 20-room, eight-bathroom home in Nashville, and a 4,000-square-foot home in Arlington, Va. He also has a third home in Carthage, Tenn, where there is an active zinc mine. Gore claims to be environmentally friendly, but he hasn't dumped his stock holdings in Occidental (Oxy) Petroleum.
The problem with politics today is there are only two options, and you get to choose between the lesser of two evils as dictated to you by a highly biased fourth estate. Until we have more options it will never change. Both parties are far too influenced by the extremists.
Hypocrisy is a curse on both sides. Algore has more than a few inconvenient truths of his own. He espouses a "carbon-neutral lifestyle" for the little folk, but fails to live up to it himself. Forget about the posse of suburbans that escort him everywhere, how about all the international and domestic flights in a private jet while promoting his ideas and movie? Not to mention he and his wife Tipper live in two properties: a 10,000-square-foot, 20-room, eight-bathroom home in Nashville, and a 4,000-square-foot home in Arlington, Va. He also has a third home in Carthage, Tenn, where there is an active zinc mine. Gore claims to be environmentally friendly, but he hasn't dumped his stock holdings in Occidental (Oxy) Petroleum.
The problem with politics today is there are only two options, and you get to choose between the lesser of two evils as dictated to you by a highly biased fourth estate. Until we have more options it will never change. Both parties are far too influenced by the extremists.