Who's side ya on?

How do you vote?

  • Republican

    Votes: 15 53.6%
  • Democrat

    Votes: 7 25.0%
  • Libertarian

    Votes: 3 10.7%
  • Socialist

    Votes: 3 10.7%

  • Total voters
    28

rickyb

Well-Known Member
I read your attacks on Reagan. A great man that you totally denigrate. Put up or shut up. What you can't seem to grasp is that along with having 330 million people the U.S. is extremely expensive. We are in deficit spending now, have been for decades, taking care of our own, policing the world, and yes donating more aid than anyone else. You want to see suffering and misery? Our economy moves the world economy. If we collapse so does everyone else. You want to see what that looks like look at Argentina. A country rich in natural resources. They are one of the few countries that have everything they need to support themselves. But they are going through severe economic times. Was happening before Covid-19. They just reneged on their national debt for the 9th time in their history. Why? They have a socialist government that spends more than it takes in, extremely strong labor unions, and a heavy tax burden on their businesses. When they shut down for the pandemic they ordered businesses to still pay their workers' salaries. They are an economic basketcase. It's difficult getting something shipped to you there because the government will hold it until you pay a high fee. And jump through hoops to do that. You want maturity? You should learn more about how capitalism really works and how it has fed, clothed, and housed more people than any other system. It's exploitive, but ultimately you have more abundance under it.
reagan was another politician. a US collapse will affect hte world but not equally. is argentine pursuing austerity?
 

vantexan

Well-Known Member
reagan was another politician. a US collapse will affect hte world but not equally. is argentine pursuing austerity?
They don't have much choice. They got the largest loan the IMF has ever given a country last year then just refused to pay it. They're working on a repayment plan now. Problem is what they did makes it difficult for them to issue bonds because people don't trust them. Without bonds(new debt), they don't have the money to spend on the needy, etc. Makes life more austere for everyone.
 

vantexan

Well-Known Member
reagan was another politician. a US collapse will affect hte world but not equally. is argentine pursuing austerity?
The U.S. Dollar is the world's reserve currency. Untold billions of Dollars are in the world's banking system. If the Dollar collapses in value so does the world financial system. You say good but that means retirees lose their savings in 401k's etc. Everything collapses. It's why there was such a huge bailout in 2008. You call it corporate welfare, but everyone would have suffered. Miserably. And most likely very large wars would have broken out.
 

rickyb

Well-Known Member
The U.S. Dollar is the world's reserve currency. Untold billions of Dollars are in the world's banking system. If the Dollar collapses in value so does the world financial system. You say good but that means retirees lose their savings in 401k's etc. Everything collapses. It's why there was such a huge bailout in 2008. You call it corporate welfare, but everyone would have suffered. Miserably. And most likely very large wars would have broken out.
they could and should have let the banks fail and created regional banks with what they spent in bailouts. its not capitalism and it shouldnt be if theyre dependent on govt.
 

rickyb

Well-Known Member
They don't have much choice. They got the largest loan the IMF has ever given a country last year then just refused to pay it. They're working on a repayment plan now. Problem is what they did makes it difficult for them to issue bonds because people don't trust them. Without bonds(new debt), they don't have the money to spend on the needy, etc. Makes life more austere for everyone.
yea they do. austerity makes paying back loans harder. look at greece. they shrunk the economy with that policy. they took money out of circulation. debts that cant be repaid wont.
 

rickyb

Well-Known Member
So... Bezos, Soros, Gates need to step it up!
its actually probably very dangerous to let a few rich :censored2:s have that decision where they are going to "donate". their wealth should probably be taxed. alot of their wealth was from govt in the case of computers, or exploiting workers in the case of bezos.
 

El Correcto

god is dead
its actually probably very dangerous to let a few rich :censored2:s have that decision where they are going to "donate". their wealth should probably be taxed. alot of their wealth was from govt in the case of computers, or exploiting workers in the case of bezos.
Yes it’s very dangerous for citizens to control their wealth. We need the infallible US government corruption free to do it for them.
 
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