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The US is in debt because our politicians purposely chose to put us here. In 2001 we had a budget surplus after 8 straight years of falling debt to GDP ratio, revenues were at 20% of GDP and costs were at 18%. Republicans then cut taxes for the super rich, started two un-funded wars, added Medicare D, added Homeland Se...more
The average cost of universal health care in Europe is about $3,500 per year.
Average cost of US health care $7,500 per year and were ranked #37th in the world by the WHO
The fact is un-disputable that government run health care can save American consumers about $800 billion per year and provide better coverage.
The money supply is always un-limited, the only thing that changes is the interest rate that it's loaned at. Bond buying only eases the Banks leverage and detoxifies there assets, mainly mortgage backed securities. The feds are acting like a dialysis machine, cleansing the banks of bad bonds so they will be more willin...more
The Fed buying $85 billion in bonds each month doesn't drive up stocks or add to the money supply. Bonds are loans, stock are purchasing interest in a company and people have to borrow money to increase the money supply. Three separate issues. With the weak European economies and the slowing Asian markets, the US stock...more
It's a well known fact that the Chinese Abacus only goes up to $1 Million, so all numbers beyond that are pure speculation, hence the fuzzy Chinese math. U.S. Banks are currently looking into acquiring there own Abacus's so they'll never be over leveraged again, were just waiting for SEC approval. Thus comes the ancien...more
Before property taxes, the Baron's of the 19th century owned almost all the land, William Randolph Hearst owned millions of acreages in California, leaving everyone else out of the loop and at there mercy, if wanted to buy property. Taxes are a simple necessity to provide roads, police protection etc. and prevent monop...more