Ricko wrote:
Jerry A.-there is enough blame to go around. Our government has been spending too much money for a long time. What is done is done but the question remains, when does our National Debt become unmanageable ? Why are we unable to trim the fat from government and stop all non-essential spending ? So far, I am aware of only one person in all of government who has had the courage to submit a budget what would have balanced in 10 years (Paul Ryan). Needless to say, his proposal was dead on arrival in the Senate and Harry Reid would not even allow the bill to be debated. We are now printing 65 billion in new dollars every month just to keep the monstrous government and its programs going. We are allowed to do that because the dollar is still recognized as the currency of choice around the world. Until recently, all trade was conducted in dollars but some countries are now forming alliances with each other to trade goods in their own currencies. Should the dollar lose its reserve status around the world we would be in dire straights as our lenders could back away and we would have to shut down the printing presses. Our leaders in Washington,D.C. are well aware of this but they sit on their butts and do nothing. It is important for us start living within our means instead of waiting until the interest on our debts eats up most of GDP. Good Luck America !!!
Jerry A.-there is enough blame to go around. Our ... (
show quote)
Ricko,
There is a huge difference between Republican and Democrat Party agendas. Republicans are pro prosperity for Americans, business creation and job creation, and Democrats are for redistributing our prosperity to global dictatorships to guarantee we are equally poor.
Take a look at this history of Progressive/Democrat Party since President Woodrow Wilson's creation of the Federal Reserve Board and tell us what you think? What was the hidden agenda of creating this giant INFLATION MACHINE and the devaluing of the buying power of our dollar to 3 Cents since the inception of the Feds 100 years ago?
http://www.heritage.org/research/reports/2014/10/federal-reserve-performance-have-business-cycles-really-been-tamed
Federal Reserve Performance: Have Business Cycles Really Been Tamed? By Norbert J. Michel, Ph.D.
"Despite this conventional view, surprisingly few comprehensive academic studies exist that assess the Federal Reserves overall performance since its founding in 1913. A close look at the evidence suggests that the conventional view should be re-evaluated. Several studies suggest that data deficiencies caused key pre-Fed-era data to appear more volatile than their Fed-era counterparts. There is, in fact, evidence that the Fed has not been as effective as once thought in accomplishing its stabilization goals, and even some evidence that the Fed era has had more economic instability than before the Feds creation..."
Norbert Michel speaks of the Feds limiting "economic contractions" and "taming business cycles" but does not speak to the ramifications of the Feds inflation machine ripping off the life savings of retired seniors and the banks lending capital for small businesses.
Instead, the Feds have decreased the value of the dollar to that of a peso or yen to prop up international dictatorships for a century under "Détente."
In fact, Michel quotes studies citing 'Although the time separating [market] contractions has become longer between the pre-World War I and post war eras, recessions themselves have not on average become shorter, less severe, or less persistent over time.' [12] Romer, Remeasuring Business Cycles, p. 606."
This whole concept that the Federal Reserve Board and Banks are here to level the "volatility of the market" is an ongoing hoax since its inception, whereas its real intent has been to use American labor to subsidize every communist and fascist dictatorship around the globe, prolong mass slavery, and mass murder.
How many American jobs vanished overseas since we opened the doors of Detente with the "peaceful rise of China" which now has the second largest military power on earth intimidating its neighbors while their citizens still harvest their crops with a plow strapped to their backs? We did all of this to build a business partner while destroying our business base at home? Guess what? The business partner and new market across the Pacific is not there.
Even after NAFTA, we have an influx of illegal aliens like never before, some estimate 34 million demanding amnesty while we house 92 million American citizens unemployed or under-employed that have fallen off the radar?
We can only conclude that the Democrat-Progressive Party is deliberately at war with America.