The so called "debt crisis." The so called "debt crisis." - Page 4 - Talk of The Villages Florida

The so called "debt crisis."

 
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  #46  
Old 07-27-2011, 10:23 AM
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This was just sent by same retired 10th Mountain Division fellow....
It was uploaded by a doctor............we just watched entire video. Food for thought.
Little comment by Milton Friedman at the end.....but basically about where social security monies are going..............


If this doesn't **** you off nothing will

https://www.youtube.com/watch?featur...&v=fu6ok5ykyuQ
  #47  
Old 07-27-2011, 10:28 AM
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Quote:
Originally Posted by senior citizen View Post
Dear President Obama,

My name is Harold Estes, approaching 95 on December 13 of this year. People meeting me for the first time don't believe my age because I remain wrinkle free and pretty much mentally alert.

I enlisted in the U.S. Navy in 1934 and served proudly before, during and after WW II retiring as a Master Chief Bos'n Mate. Now I live in a "rest home" located on the western end of Pearl Harbor , allowing me to keep alive the memories of 23 years of service to my country.

One of the benefits of my age, perhaps the only one, is to speak my mind, blunt and direct even to the head man. So here goes.

I am amazed, angry and determined not to see my country die before I do, but you seem hell bent not to grant me that wish.

I can't figure out what country you are the president of.
You fly around the world telling our friends and enemies despicable lies like:
" We're no longer a Christian nation"
" America is arrogant" - (Your wife even announced to the world," America is mean- spirited. " Please tell her to try preaching that nonsense to 23 generations of our war dead buried all over the globe who died for no other reason than to free a whole lot of strangers from tyranny and hopelessness.)

I'd say shame on the both of you, but I don't think you like America, nor do I see an ounce of gratefulness in anything you do, for the obvious gifts this country has given you. To be without shame or gratefulness is a dangerous thing for a man sitting in the White House.

After 9/11 you said," America hasn't lived up to her ideals."

Which ones did you mean? Was it the notion of personal liberty that 11,000 farmers and shopkeepers died for to win independence from the British? Or maybe the ideal that no man should be a slave to another man, that 500,000 men died for in the Civil War? I hope you didn't mean the ideal 470,000 fathers, brothers, husbands, and a lot of fellas I knew personally died for in WWII, because we felt real strongly about not letting any nation push us around, because we stand for freedom.

I don't think you mean the ideal that says equality is better than discrimination. You know the one that a whole lot of white people understood when they helped to get you elected.

Take a little advice from a very old geezer, young man. Shape up and start acting like an American. If you don't, I'll do what I can to see you get shipped out of that fancy rental on Pennsylvania Avenue . You were elected to lead not to bow, apologize and kiss the hands of murderers and corrupt leaders who still treat their people like slaves.

And just who do you think you are telling the American people not to jump to conclusions and condemn that Muslim major who killed 13 of his fellow soldiers and wounded dozens more. You mean you don't want us to do what you did when that white cop used force to subdue that black college professor in Massachusetts , who was putting up a fight? You don't mind offending the police calling them stupid but you don't want us to offend Muslim fanatics by calling them what they are, terrorists.

One more thing. I realize you never served in the military and never had to defend your country with your life, but you're the Commander-in-Chief now, son. Do your job. When your battle-hardened field General asks you for 40,000 more troops to complete the mission, give them to him. But if you're not in this fight to win, then get out. The life of one American soldier is not worth the best political strategy you're thinking of.

You could be our greatest president because you face the greatest challenge ever presented to any president. You're not going to restore American greatness by bringing back our bloated economy. That's not our greatest threat. Losing the heart and soul of who we are as Americans is our big fight now.
And I sure as h ell don't want to think my president is the enemy in this final battle...

Sincerely,
Harold B. Estes
Snopes confirms as true:
http://www.snopes.com/politics/soapbox/haroldestes.asp


When a 95 year old hero of the "the Greatest Generation" stands up and speaks out like this, I think we owe it to him to send his words to as many Americans as we can.
The message that this gentleman wrote is right on and it does underlie, though not directly the problem behind the current debt crisis. Some may try to spin it to avoid the truth, but the truth will prevail dispite those that would strive to convince you otherwise, and do so to try and gain political or idealogical advantages... at the expense of us all.

At the same time I have to admit that blame for the problem is not just one sided. The right needs to accept some responsibility too! We can change them all, but I doubt that much would change in the long run. All in all, this message does unfortunately remind me of the old time TV show, "Mission Impossible!" Where's Mr. Phelps and his team when we need him?
  #48  
Old 07-27-2011, 11:28 AM
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Originally Posted by jackz View Post
The senators and congressmen make up less than 1% or government workers, let's not penalize the other 99% for the incompetence of the less than 1%.
I agree. I know military and city and state workers fall under "gov't workers".
  #49  
Old 07-27-2011, 01:50 PM
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After reading the letter above and yes I will suffer to maybe this is a good time for America or rather our leaders to burn us maybe then all this BS with the governing body will stop. I hate to see it happen but we have weathered worse.
  #50  
Old 07-27-2011, 03:13 PM
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Quote:
Originally Posted by senior citizen View Post
I was asked to pass this letter, written by a 95 year old veteran, around to all who might read it. Please keep scrolling to bottom as there are some gaps between paragraphs.
He is highly respected in Hawaii. This was sent to me by a retired Army Colonel. Thanks.
p.s. There is a photo of him along many young servicemen of all colors, races, units but I don't think it will copy and paste..........








This venerable and much honored WW II vet is well known in Hawaii
for his seventy-plus years of service to patriotic organizations and causes all over the country. A humble man without a political bone in his body, he has never spoken out before about a government official, until now. He dictated this letter to a friend, signed it and mailed it to the president.




Dear President Obama,

My name is Harold Estes, approaching 95 on December 13 of this year. People meeting me for the first time don't believe my age because I remain wrinkle free and pretty much mentally alert.

I enlisted in the U.S. Navy in 1934 and served proudly before, during and after WW II retiring as a Master Chief Bos'n Mate. Now I live in a "rest home" located on the western end of Pearl Harbor , allowing me to keep alive the memories of 23 years of service to my country.

One of the benefits of my age, perhaps the only one, is to speak my mind, blunt and direct even to the head man.

So here goes.

I am amazed, angry and determined not to see my country die before I do, but you seem hell bent not to grant me that wish.

I can't figure out what country you are the president of.
You fly around the world telling our friends and enemies despicable lies like:
" We're no longer a Christian nation"
" America is arrogant" - (Your wife even announced to the world," America is mean- spirited. " Please tell her to try preaching
that nonsense to 23 generations of our war dead buried all over the globe who died for no other reason than to free a whole lot of strangers from tyranny and hopelessness.)





I'd say shame on the both of you, but I don't think you like America, nor do I see an ounce of gratefulness in anything you do, for the obvious gifts this country has given you. To be without shame or gratefulness is a dangerous thing for a man sitting in the White House.

After 9/11 you said," America hasn't lived up to her ideals."

Which ones did you mean? Was it the notion of personal liberty that 11,000 farmers and shopkeepers died for to win independence from the British? Or maybe the ideal that no man should be a slave to another man, that 500,000 men died for in the Civil War? I hope you didn't mean the ideal 470,000 fathers, brothers, husbands, and a lot of fellas I knew personally died for in WWII, because we felt real strongly about not letting any nation push us around, because we stand for freedom.

I don't think you mean the ideal that says equality is better than discrimination. You know the one that a whole lot of white people understood when they helped to get you elected.

Take a little advice from a very old geezer, young man.

Shape up and start acting like an American. If you don't, I'll do what I can to see you get shipped out of that fancy rental on Pennsylvania Avenue . You were elected to lead not to bow, apologize and kiss the hands of murderers and corrupt leaders who still treat their people like slaves.

And just who do you think you are telling the American people not to jump to conclusions and condemn that Muslim major who killed 13 of his fellow soldiers and wounded dozens more. You mean you don't want us to do what you did when that white cop used force to subdue that black college professor in Massachusetts , who was putting up a fight? You don't mind offending the police calling them stupid but you don't want us to offend Muslim fanatics by calling them what they are, terrorists.

One more thing. I realize you never served in the military and never had to defend your country with your life, but you're the Commander-in-Chief now, son. Do your job. When your battle-hardened field General asks you for 40,000 more troops to complete the mission, give them to him. But if you're not in this fight to win, then get out. The life of one American soldier is not worth the best political strategy you're thinking of.

You could be our greatest president because you face the greatest challenge ever presented to any president.
You're not going to restore American greatness by bringing back our bloated economy. That's not our greatest threat. Losing the heart and soul of who we are as Americans is our big fight now.
And I sure as h ell don't want to think my president is the enemy in this final battle...

Sincerely,
Harold B. Estes
Snopes confirms as true:
http://www.snopes.com/politics/soapbox/haroldestes.asp


When a 95 year old hero of the "the Greatest Generation" stands up and speaks out like this, I think we owe it to him to send his words to as many Americans as we can.
A very interesting letter from one of our veterans. I read a little further about some of the references he makes to the President and the first lady. You can find the discussion on page 2 of http://urbanlegends.about.com/od/bar...rold_estes.htm

It does confirm the authenticity of the letter and provides you with the full text from which Mr Estes quoted.
  #51  
Old 07-27-2011, 04:10 PM
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Wow, this thread touched a nerve. I have a question. But it took awhile to get to this page so I made it a new thread.
Fed Debt Components
  #52  
Old 07-27-2011, 04:10 PM
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Default Back to the Debt Crisis

1. The debt ceiling has been raised 3 times under this administration without a problem. It is only a problem now because the House wants to use it as leverage to address broader budget issues. This "manufactured crisis" is a stupid game that places the entire world economy at risk. We have already done serious damage to our economy as well as our leverage in the world with this silly partisan debate.

2. We actually have a very real budget crisis involving the nation's debt as a percentage of GDP was well as an potentially explosive problem involving the concentration of wealth and capital in fewer hands.

First, the debt. No party has the high ground on this issue. We were spent into a hole by the last administration and the bursting of the real estate bubble with the resulting Wall Street crisis made a bad situation worse. This is not Obama's debt or Bush's debt - this is our debt and we are all going to have to accept pain to resolve it.

That will mean higher taxes. Hopefully, this will be in the form of simplifying the tax code and curtailing deductions/subsidies - plus, lowering rates for small business as well as encouraging business investment in this country (no more PO box overseas tax shelters). Still, if you insist on 1950's tax rates, you better insist on 1950's government programs -- otherwise, you need to accept the hypocrisy in your belief system.

And -- of course, lowering the debt will require significant reductions in spending. And - those who think that entitlements and the military will not be touched have spent a day too long in Fantasyland. That is where most money is spent.

My own belief system leans me to look for discretionary spending cuts that weigh more heavily on those who can afford it. I think it is a mistake to cut spending in education (unless you like living in the third world) and in those government programs that protect our health plus those programs that root out fraud and abuse.

Those value judgment choices need to be made by folks who take governance seriously and who know the fine art of compromise and horse-trading. Ideologs need not apply. They will not help us get out of this royal mess we are in.

Lastly, the increasing gap between rich and poor needs to be addressed and soon. It is a social powder keg. Moreover, ours is a consumer-based economy. Want to get the economy moving again, shift some money to folks who will spend it instead of those who want to move more of their portfolio to gold. I'm not talking about handouts to the poor - I am talking incentives to move capital back into the system and into the hands of folks who will spread it around.

I am not a left-wing fanatic (well, not all of the time) - but, if you value your freedom and liberty you need to understand that you can't always keep what you want (Rollings Stones reference here). It is a lesson learned the hard way in France, Russia, and over and over in poorer countries.

Lesson over - class dismissed. Sorry for any hurt feelings.

Cheers!
Harbor
  #53  
Old 07-27-2011, 04:17 PM
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Quote:
Originally Posted by harbor53 View Post
1. The debt ceiling has been raised 3 times under this administration without a problem. It is only a problem now because the House wants to use it as leverage to address broader budget issues. This "manufactured crisis" is a stupid game that places the entire world economy at risk. We have already done serious damage to our economy as well as our leverage in the world with this silly partisan debate.

2. We actually have a very real budget crisis involving the nation's debt as a percentage of GDP was well as an potentially explosive problem involving the concentration of wealth and capital in fewer hands.

First, the debt. No party has the high ground on this issue. We were spent into a hole by the last administration and the bursting of the real estate bubble with the resulting Wall Street crisis made a bad situation worse. This is not Obama's debt or Bush's debt - this is our debt and we are all going to have to accept pain to resolve it.

That will mean higher taxes. Hopefully, this will be in the form of simplifying the tax code and curtailing deductions/subsidies - plus, lowering rates for small business as well as encouraging business investment in this country (no more PO box overseas tax shelters). Still, if you insist on 1950's tax rates, you better insist on 1950's government programs -- otherwise, you need to accept the hypocrisy in your belief system.

And -- of course, lowering the debt will require significant reductions in spending. And - those who think that entitlements and the military will not be touched have spent a day too long in Fantasyland. That is where most money is spent.

My own belief system leans me to look for discretionary spending cuts that weigh more heavily on those who can afford it. I think it is a mistake to cut spending in education (unless you like living in the third world) and in those government programs that protect our health plus those programs that root out fraud and abuse.

Those value judgment choices need to be made by folks who take governance seriously and who know the fine art of compromise and horse-trading. Ideologs need not apply. They will not help us get out of this royal mess we are in.

Lastly, the increasing gap between rich and poor needs to be addressed and soon. It is a social powder keg. Moreover, ours is a consumer-based economy. Want to get the economy moving again, shift some money to folks who will spend it instead of those who want to move more of their portfolio to gold. I'm not talking about handouts to the poor - I am talking incentives to move capital back into the system and into the hands of folks who will spread it around.

I am not a left-wing fanatic (well, not all of the time) - but, if you value your freedom and liberty you need to understand that you can't always keep what you want (Rollings Stones reference here). It is a lesson learned the hard way in France, Russia, and over and over in poorer countries.

Lesson over - class dismissed. Sorry for any hurt feelings.

Cheers!
Harbor
well said!
Suzanne
  #54  
Old 07-27-2011, 04:21 PM
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Quote:
Originally Posted by Talk Host View Post
I don't know about you guys, but I'd like to send a letter to all of my representatives saying, "unless you guys get this resolved, you will all be out of office."
If you think the current Debt Crisis is idiotic check out the following video to confirm just how stupid the jerks we have sent to Congress really are:

http://abcnews.go.com/WNT/video/coin...ayers-14076274
  #55  
Old 07-27-2011, 05:34 PM
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We agree with you completely. What are the phone numbers?
  #56  
Old 07-27-2011, 05:36 PM
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At least he isn't trying to take our Social Security checks and putting us on welfare.
  #57  
Old 07-27-2011, 06:51 PM
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I personally am amused that anybody is even impressed with the current round of "government shutdown" malarky.
It is an annual political event. Same arm waving. Same brinksmanship.
Same stupid players in Washington.
Same silent majority that stands idly by an let it happen each year.

It should be renamed the groundhog budget process.

btk
  #58  
Old 07-27-2011, 07:07 PM
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Originally Posted by billethkid View Post
I personally am amused that anybody is even impressed with the current round of "government shutdown" malarky.
It is an annual political event. Same arm waving. Same brinksmanship.
Same stupid players in Washington.
Same silent majority that stands idly by an let it happen each year.

It should be renamed the groundhog budget process.

btk
If we default - I hope you have your nest-egg in fed bonds or gold. Oh, and be well armed as who knows the chaos that will result. This is not a government shutdown -- this is really scary stuff.
  #59  
Old 07-27-2011, 07:20 PM
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Quote:
Originally Posted by harbor53 View Post
1. The debt ceiling has been raised 3 times under this administration without a problem. It is only a problem now because the House wants to use it as leverage to address broader budget issues. This "manufactured crisis" is a stupid game that places the entire world economy at risk. We have already done serious damage to our economy as well as our leverage in the world with this silly partisan debate.

2. We actually have a very real budget crisis involving the nation's debt as a percentage of GDP was well as an potentially explosive problem involving the concentration of wealth and capital in fewer hands.

First, the debt. No party has the high ground on this issue. We were spent into a hole by the last administration and the bursting of the real estate bubble with the resulting Wall Street crisis made a bad situation worse. This is not Obama's debt or Bush's debt - this is our debt and we are all going to have to accept pain to resolve it.

That will mean higher taxes. Hopefully, this will be in the form of simplifying the tax code and curtailing deductions/subsidies - plus, lowering rates for small business as well as encouraging business investment in this country (no more PO box overseas tax shelters). Still, if you insist on 1950's tax rates, you better insist on 1950's government programs -- otherwise, you need to accept the hypocrisy in your belief system.

And -- of course, lowering the debt will require significant reductions in spending. And - those who think that entitlements and the military will not be touched have spent a day too long in Fantasyland. That is where most money is spent.

My own belief system leans me to look for discretionary spending cuts that weigh more heavily on those who can afford it. I think it is a mistake to cut spending in education (unless you like living in the third world) and in those government programs that protect our health plus those programs that root out fraud and abuse.

Those value judgment choices need to be made by folks who take governance seriously and who know the fine art of compromise and horse-trading. Ideologs need not apply. They will not help us get out of this royal mess we are in.

Lastly, the increasing gap between rich and poor needs to be addressed and soon. It is a social powder keg. Moreover, ours is a consumer-based economy. Want to get the economy moving again, shift some money to folks who will spend it instead of those who want to move more of their portfolio to gold. I'm not talking about handouts to the poor - I am talking incentives to move capital back into the system and into the hands of folks who will spread it around.

I am not a left-wing fanatic (well, not all of the time) - but, if you value your freedom and liberty you need to understand that you can't always keep what you want (Rollings Stones reference here). It is a lesson learned the hard way in France, Russia, and over and over in poorer countries.

Lesson over - class dismissed. Sorry for any hurt feelings.

Cheers!
Harbor
Such a total lack of understand of our free market system and the root cause of our problems. We have the highest standard of living in the world, only 50% of our people pay taxes and we need more wealth distribution. Very sad thinking. It actually scares me that you vote.
  #60  
Old 07-27-2011, 08:18 PM
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Originally Posted by l2ridehd View Post
Such a total lack of understand of our free market system and the root cause of our problems. We have the highest standard of living in the world, only 50% of our people pay taxes and we need more wealth distribution. Very sad thinking. It actually scares me that you vote.
Amen!!!
 


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