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  1. K

    IMF Chief Economist Calls for U.S. Debt Reduction Plan

    You ignored the rest of the post... And no, if the people we "pay to live overseas" lived here instead, you wouldn't necessarily see a rise in GDP. Firstly, they'd be unemployed veterans. Good luck finding a job in this market. Secondly, costs for soldiers based domestically and foreign aren't...
  2. K

    IMF Chief Economist Calls for U.S. Debt Reduction Plan

    Debt should rise faster, as per argument above. Mandatory spending programs making US debt increase faster is also a good thing. Since the federal reserve basically controls the real rate we pay on our debt, we are a borrower who gets to choose the interest rate that we pay, and so we can...
  3. K

    The ridiculousness of the Tea Party attacks.

    That's not because of conservatives or liberals, that's because there's nearly another 5 trillion dollars injected into the US money supply. Hell, there wouldn't be anything left to buy if people weren't buying stock with it. I suggest you look at some inflation-hedging portfolios for down the...
  4. K

    The ridiculousness of the Tea Party attacks.

    Regarding the Tea Party: Tea Party Contract from Wikipedia: 1. Identify constitutionality of every new law: Require each bill to identify the specific provision of the U.S. Constitution that gives Congress the power to do what the bill does. (82.03%) Sure. Doesn't stop anyone from...
  5. K

    IMF Chief Economist Calls for U.S. Debt Reduction Plan

    The argument that the US federal debt is causing economic problems is the most ridiculous argument I've ever heard. Clearly no one in this god-forsaken country other than the "private banking system only in it for itself" is well versed in finance and economics. Firstly, what would you cut...
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