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Reply #25: I think we have the beginning of actual dialog here. I'm shocked. [View All]

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Greyhound Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-12-09 06:51 AM
Response to Reply #20
25. I think we have the beginning of actual dialog here. I'm shocked.
I think I may be "the post(er) that said we have to spend like crazy now and worry about it later (not really what I said, but close enough for bar talk), that would be fine if spending was the answer. It's not.", and I'd like to clarify that statement. I would add (should have included in the first place, but longer posts are rarely read), as long as we refuse to look at how our economic and political systems are fundamentally, and fatally, flawed.

As for our creditors, I think that identification is misleading. They are creditors only insofar we have expended vast amounts of our own real wealth to put them, almost without exception, into the positions they now hold enabling them to loan anything to anyone.

Who are our creditors? I'm not up to the minute, but for decades the largest have generally been Saudi Arabia, Japan, Great Britain, and China. Britain created Saudi Arabia, but we made it. Great Britain of course owes it's modern existence to us. We destroyed and rebuilt Japan and most Japanese, certainly their government, have grown to appreciate it. And finally, 21st century China should be required to display the "Made in America" label on their national flag.

All of these nations have one thing in common, none of their economies exist without our market to sell into. This will not be true forever, Great Britain and Japan could probably survive, if not today, soon, without us, but Saudi Arabia would not last 24 hours without our military support (a diplomatic and tactical blunder of epic proportion, on our part, which causes us so much more trouble than it is worth) and China would collapse in a couple of months without sending their crap here. Creditors number one and two.

There is no avoiding this crisis, it has happened. All we can do now, in the context of being stuck in the system we've built and refusing to acknowledge it's un-sustainability, is to spend wildly to keep people working and to turn back toward producing things which are both required to maintain the structure of an economy. It is a poor solution to an untenable position, but it is all we have at this time.

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  -If the U.S. government's spending isn't fiscal lunacy, I don't know what is. No DUplicitous DUpe  Mar-11-09 01:03 PM   #0 
  - The GOP loves to spend on their pet projects and their lobbyists!  Rosa Luxemburg   Mar-11-09 01:06 PM   #1 
  - No offense to this anonymous blogger,  babylonsister   Mar-11-09 01:08 PM   #2 
  - I wouldn't call someone who has been writing under his own name for years, anonymous..  No DUplicitous DUpe   Mar-11-09 01:23 PM   #8 
  - Sorry, anonymous to me.  babylonsister   Mar-11-09 01:31 PM   #13 
     - He's got the causes of the Great Depression wrong.  SemiCharmedQuark   Mar-11-09 01:33 PM   #15 
  - Hey BabSis, The author responds to your comments....  No DUplicitous DUpe   Mar-11-09 01:55 PM   #18 
     - Mr. Kazan, thank you for your courtesy. And thanks,  babylonsister   Mar-11-09 01:58 PM   #19 
  - I have raised my voice..  stillcool   Mar-11-09 01:08 PM   #3 
  - I heard this was basically Bush's budget, or something to that effect.  AndyA   Mar-11-09 01:09 PM   #4 
  - Less than 2% is not "packed" with earmarks.  Nicholas D Wolfwood   Mar-11-09 01:10 PM   #5 
  - Especially when the majority of that less than 2% budget dust was put in there by the Republicans.  4lbs   Mar-11-09 01:22 PM   #7 
     - Even without that, it's hypocrisy  Nicholas D Wolfwood   Mar-11-09 01:29 PM   #11 
  - There is no other option at this point. What he says would be true in normal circumstances  Greyhound   Mar-11-09 01:15 PM   #6 
  - Thank you for your comments, Greyhound...  No DUplicitous DUpe   Mar-11-09 01:30 PM   #12 
     - You're welcome, and this is another issue we agree on.  Greyhound   Mar-11-09 01:55 PM   #17 
        - Excellent points! Your remarks should be posted as its own thread...  No DUplicitous DUpe   Mar-11-09 03:17 PM   #22 
  - Sorry, he lost me before the 1st sentence was done.  Terran   Mar-11-09 01:25 PM   #9 
  - It's not the earmarks, it's the wars and military budget, that is the real problem..  No DUplicitous DUpe   Mar-11-09 01:44 PM   #16 
     - That's all well and good.  Terran   Mar-11-09 03:23 PM   #23 
  - This guy believes the New Deal did not help ease the Great Depression.  SemiCharmedQuark   Mar-11-09 01:28 PM   #10 
  - The author, Mr. Kazan of responds....  No DUplicitous DUpe   Mar-11-09 02:02 PM   #20 
     - What does he belive solved the Great Depression?  SemiCharmedQuark   Mar-11-09 02:08 PM   #21 
     - I think we have the beginning of actual dialog here. I'm shocked.  Greyhound   Mar-12-09 06:51 AM   #25 
  - They're like a bunch of drunk doctors applying band-aids willy-nilly to stop a heart attack.  Tierra_y_Libertad   Mar-11-09 01:32 PM   #14 
  - 4lbs. Gets It  Bobcat   Mar-11-09 03:27 PM   #24 

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