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khrath
Guest
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 Posted: 11/19/04 - 11:35 Post subject: The good stuff happenin already
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GO REPUBLICAN MAJORITY GO!
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WASHINGTON (AP) -- Congress sent President Bush an $800 billion boost in the federal borrowing limit on Thursday, spotlighting how the budget has lurched out of control in recent years and how hard it will be to afford future initiatives.
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http://www.cnn.com/2004/ALLPOLITICS/11/19/congress.spending.debt.ap/index.html
The most valuable trade good in the world, the debt of the united states.
Flood the economy like crazy with billions of dollars, then pay it off by letting a democrat in to tax the f**k outa the wealthy. I love my country.
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Starks
Toomuchtimeonhands
Joined: 17 Oct 2002
Posts: 865
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Posted: 11/19/04 - 12:24 Post subject:
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How else are you supposed to pay debts? The wealthy are wealthy because of the country, not in spite of it.
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sinrakin
RealPoor Master of Posts
Joined: 11 Oct 2002
Posts: 7044
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Posted: 11/19/04 - 13:18 Post subject:
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Meanwhile:
| Quote: | Nov 19, 2004 — FRANKFURT (Reuters) - Insatiable foreign demand for dollar holdings will eventually fall and help reduce the massive shortfall in the U.S. current account as investors diversify, U.S. Federal Reserve Chairman Alan Greenspan said on Friday in remarks that landed hard on the dollar.
Greenspan told a banking conference the United States should help correct trade imbalances by cutting its record budget deficit or face painful consequences.
"Current account deficits, even large ones, have been defused without significant consequences, (but) we cannot become complacent," the Fed chairman warned.
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Xion
RealPoor Guru
Joined: 11 Oct 2002
Posts: 2117
Location: Los Angeles, CA
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Posted: 11/19/04 - 18:05 Post subject:
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| sinrakin wrote: | Meanwhile:
| Quote: | Nov 19, 2004 — FRANKFURT (Reuters) - Insatiable foreign demand for dollar holdings will eventually fall and help reduce the massive shortfall in the U.S. current account as investors diversify, U.S. Federal Reserve Chairman Alan Greenspan said on Friday in remarks that landed hard on the dollar.
Greenspan told a banking conference the United States should help correct trade imbalances by cutting its record budget deficit or face painful consequences.
"Current account deficits, even large ones, have been defused without significant consequences, (but) we cannot become complacent," the Fed chairman warned.
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The "current account" is different from the federal deficit you twit.
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