America The Bankrupt

America The Bankrupt

The ship of state is on a disastrous course, There's no way to avoid

the worst result of racking up a big deficit - the outrage of making

our children and grandchildren repay the debts of their elders

GAO Head Takes Fiscal Show On The Road To Warn Of Trouble Ahead

(AP) David M. Walker sure talks like he's running for office.

"This is about the future of our country, our kids and grandkids," the

comptroller general of the United States warns a packed hall at

Austin's historic Driskill Hotel. "We the people have to rise up to

make sure things get changed."

But Walker doesn't want, or need, your vote. He already has a job as

head of the Government Accountability Office, an investigative arm of

Congress that audits and evaluates the performance of the federal

government.

Basically, that makes Walker the nation's accountant-in-chief. And the

accountant-in-chief's professional opinion is that the American public

needs to tell Washington it's time to steer the nation off the path to

financial ruin.

>From the hustings and the airwaves this campaign season, America's

political class can be heard debating Capitol Hill sex scandals, the

wisdom of the war in Iraq and which party is tougher on terror.

Democrats and Republicans talk of cutting taxes to make life easier

for the American people.

What they don't talk about is a dirty little secret everyone in

Washington knows, or at least should. The vast majority of economists

and budget analysts agree: The ship of state is on a disastrous

course, and will founder on the reefs of economic disaster if nothing

is done to correct it.

There's a good reason politicians don't like to talk about the

nation's long-term fiscal prospects. The subject is short on political

theatrics and long on complicated economics, scary graphs and very big

numbers. It reveals serious problems and offers no easy solutions.

Anybody who wanted to deal with it seriously would have to talk about

raising taxes and cutting benefits, nasty nostrums that might doom any

candidate who prescribed them.

"There's no sexiness to it," laments Leita Hart-Fanta, an accountant

who has just heard Walker's pitch. She suggests recruiting a trusted

celebrity - maybe Oprah - to sell fiscal responsibility to the

American people.

Walker doesn't want to make balancing the federal government's books

sexy - he just wants to make it politically palatable. He has

committed to touring the nation through the 2008 elections, talking to

anybody who will listen about the fiscal black hole Washington has dug

itself, the "demographic tsunami" that will come when the baby boom

generation begins retiring and the recklessness of borrowing money

from foreign lenders to pay for the operation of the U.S. government.

He's dubbed his campaign the "Fiscal Wake-Up Tour."

To show that the looming fiscal crisis is not a partisan issue, he

brings along economists and budget analysts from across the political

spectrum. In Austin, he's accompanied by Diane Lim Rogers, a liberal

economist from the Brookings Institution, and Alison Acosta Fraser,

director of the Roe Institute for Economic Policy Studies at the

Heritage Foundation, a conservative think tank.

Their basic message is this: If the United States government conducts

business as usual over the next few decades, a national debt that is

already $8.5 trillion could reach $46 trillion or more, adjusted for

inflation.

A hole that big could paralyze the U.S. economy; according to some

projections, just the interest payments on a debt that big would be as

much as all the taxes the government collects today.

And every year that nothing is done about it, Walker says, the problem

grows by $2 trillion to $3 trillion.

People who remember Ross Perot's rants in the 1992 presidential

election may think of the federal debt as a problem of the past. But

it never really went away after Perot made it an issue, it only took a

breather. The federal government actually produced a surplus for a few

years during the 1990s, thanks to a booming economy and fiscal

restraint imposed by laws that were passed early in the decade. And

though the federal debt has grown in dollar terms since 2001, it

hasn't grown dramatically relative to the size of the economy.

But that's about to change, thanks to the country's three big

entitlement programs - Social Security, Medicaid, and especially

Medicare. Medicaid and Medicare have grown progressively more

expensive as the cost of health care has dramatically outpaced

inflation over the past 30 years, a trend that is expected to continue

for at least another decade or two.

And with the first baby boomers becoming eligible for Social Security

in 2008 and for Medicare in 2011, the expenses of those two programs

are about to increase dramatically due to demographic pressures.

People are also living longer, which makes any program that provides

benefits to retirees more expensive.

Medicare already costs four times as much as it did in 1970, measured

as a percentage of the nation's gross domestic product. It currently

comprises 13 percent of federal spending; by 2030, the Congressional

Budget Office projects it will consume nearly a quarter of the

budget.

Economists Jagadeesh Gokhale of the American Enterprise Institute and

Kent Smetters of the University of Pennsylvania estimate that by 2030

Medicare will be about $5 trillion in the hole, measured in 2004

dollars. By 2080, the fiscal imbalance will have risen to $25

trillion. And when you project the gap out to an infinite time

horizon, it reaches $60 trillion.

Medicare so dominates the nation's fiscal future that some economists

believe health care reform, rather than budget measures, is the best

way to attack the problem.

"Obviously health care is a mess," says Dean Baker, a liberal

economist at the Center for Economic and Policy Research, a Washington

think tank. "No one's been willing to touch it, but that's what I see

as front and center."

Social Security is a much less serious problem. The program currently

pays for itself with a 12.4 percent payroll tax, and even produces a

surplus that the government raids every year to pay other bills. But

Social Security will begin to run deficits during the next century,

and ultimately would need an infusion of $8 trillion if the government

planned to keep its promises to every beneficiary.

Why is America so fiscally unprepared for the next century? Like many

of its citizens, the United States has spent the last few years

racking up debt instead of saving for the future. Foreign lenders -

primarily the central banks of China, Japan and other big U.S. trading

partners - have been eager to lend the government money at low

interest rates, making the current $8.5-trillion deficit about as

painful as a big balance on a zero-percent credit card.

In her part of the fiscal wake-up tour presentation, Rogers tries to

explain why that's a bad thing. For one thing, even when rates are low

a bigger deficit means a greater portion of each tax dollar goes to

interest payments rather than useful programs. And because foreigners

now hold so much of the federal government's debt, those interest

payments increasingly go overseas rather than to U.S. investors.

More serious is the possibility that foreign lenders might lose their

enthusiasm for lending money to the United States. Because treasury

bills are sold at auction, that would mean paying higher interest

rates in the future. And it wouldn't just be the government's problem:

All interest rates would rise, making mortgages, car payments and

student loans costlier, too.

A modest rise in interest rates wouldn't necessarily be a bad thing,

Rogers said. America's consumers have as much of a borrowing problem

as their government does, so higher rates could moderate

overconsumption and encourage consumer saving. But a big jump in

interest rates could cause economic catastrophe. Some economists even

predict the government would resort to printing money to pay off its

debt, a risky strategy that could lead to runaway inflation.

Macroeconomic meltdown is probably preventable, says Anjan Thakor, a

professor of finance at Washington University in St. Louis. But to

keep it at bay, he said, the government is essentially going to have

to renegotiate some of the promises it has made to its citizens,

probably by some combination of tax increases and benefit cuts.

But there's no way to avoid what Rogers considers the worst result of

racking up a big deficit - the outrage of making our children and

grandchildren repay the debts of their elders.

In article <1186190812.172410.84350@m37g2000prh.googlegroups.com>,

Raymond <Bluerhymer@aol.com> wrote:

> America The Bankrupt

>

> The ship of state is on a disastrous course, There's no way to avoid

> the worst result of racking up a big deficit - the outrage of making

> our children .... repay the debts of their elders

It's our revenge on them for being assholes when they were teenagers.

I'm enjoying it, living the high life and letting someone else pay for

it, and you're making it sound like it's a bad thing.

Harold Burton wrote:

> In article <1186190812.172410.84350@m37g2000prh.googlegroups.com>,

> Raymond <Bluerhymer@aol.com> wrote:

>

>> America The Bankrupt

>>

>> The ship of state is on a disastrous course, There's no way to avoid

>> the worst result of racking up a big deficit - the outrage of making

>> our children .... repay the debts of their elders

>

>

>

> It's our revenge on them for being assholes when they were teenagers.

> I'm enjoying it, living the high life and letting someone else pay for

> it, and you're making it sound like it's a bad thing.

It costs money to

run a government.

Republican freeloaders

want the benefits but

wont pay the bill.

Be real careful next

time you drive over a bridge!

In article <gSQsi.1123$zp5.353@bignews6.bellsouth.net>,

"Sid9" <sid9@bellsouth.net> wrote:

> Harold Burton wrote:

> > In article <1186190812.172410.84350@m37g2000prh.googlegroups.com>,

> > Raymond <Bluerhymer@aol.com> wrote:

> >

> >> America The Bankrupt

> >>

> >> The ship of state is on a disastrous course, There's no way to avoid

> >> the worst result of racking up a big deficit - the outrage of making

> >> our children .... repay the debts of their elders

> >

> >

> >

> > It's our revenge on them for being assholes when they were teenagers.

> > I'm enjoying it, living the high life and letting someone else pay for

> > it, and you're making it sound like it's a bad thing.

>

>

> It costs money to

> run a government.

No problem, your kids and grandkids are going to pay for it and I want

to go on record right now and thank them for it. Thank you, the idiot

Sid9's kids and grandkids.

<snicker>

Harold Burton wrote:

> In article <gSQsi.1123$zp5.353@bignews6.bellsouth.net>,

> "Sid9" <sid9@bellsouth.net> wrote:

>

>> Harold Burton wrote:

>>> In article <1186190812.172410.84350@m37g2000prh.googlegroups.com>,

>>> Raymond <Bluerhymer@aol.com> wrote:

>>>

>>>> America The Bankrupt

>>>>

>>>> The ship of state is on a disastrous course, There's no way to

>>>> avoid the worst result of racking up a big deficit - the outrage

>>>> of making our children .... repay the debts of their elders

>>>

>>>

>>>

>>> It's our revenge on them for being assholes when they were

>>> teenagers. I'm enjoying it, living the high life and letting

>>> someone else pay for it, and you're making it sound like it's a bad

>>> thing.

>>

>>

>> It costs money to

>> run a government.

>

>

> No problem, your kids and grandkids are going to pay for it and I want

> to go on record right now and thank them for it. Thank you, the idiot

> Sid9's kids and grandkids.

>

>

> <snicker>

You are right.

and your's, too.

Since we are in another Presidential election cycle, a nice start would be

to demand from our political reporters to ask the various candidates, what

they are going to do about the looming problem. Because these reporters are

not going to ask the hard questions unless we demand that they do. And of

course asking the question is only one small part of the problem, it the

candidates will not answer the questions asked, which they are not likely to

do. So, there also needs to be these same reporters who ask the questions

to tell the candidates that they did not answer the question asked, and let

the chips fall where they may.....

"Raymond" <Bluerhymer@aol.com> wrote in message

news:1186190812.172410.84350@m37g2000prh.googlegroups.com...

America The Bankrupt

The ship of state is on a disastrous course, There's no way to avoid

the worst result of racking up a big deficit - the outrage of making

our children and grandchildren repay the debts of their elders

GAO Head Takes Fiscal Show On The Road To Warn Of Trouble Ahead

(AP) David M. Walker sure talks like he's running for office.

"This is about the future of our country, our kids and grandkids," the

comptroller general of the United States warns a packed hall at

Austin's historic Driskill Hotel. "We the people have to rise up to

make sure things get changed."

But Walker doesn't want, or need, your vote. He already has a job as

head of the Government Accountability Office, an investigative arm of

Congress that audits and evaluates the performance of the federal

government.

Basically, that makes Walker the nation's accountant-in-chief. And the

accountant-in-chief's professional opinion is that the American public

needs to tell Washington it's time to steer the nation off the path to

financial ruin.

>From the hustings and the airwaves this campaign season, America's

political class can be heard debating Capitol Hill sex scandals, the

wisdom of the war in Iraq and which party is tougher on terror.

Democrats and Republicans talk of cutting taxes to make life easier

for the American people.

What they don't talk about is a dirty little secret everyone in

Washington knows, or at least should. The vast majority of economists

and budget analysts agree: The ship of state is on a disastrous

course, and will founder on the reefs of economic disaster if nothing

is done to correct it.

There's a good reason politicians don't like to talk about the

nation's long-term fiscal prospects. The subject is short on political

theatrics and long on complicated economics, scary graphs and very big

numbers. It reveals serious problems and offers no easy solutions.

Anybody who wanted to deal with it seriously would have to talk about

raising taxes and cutting benefits, nasty nostrums that might doom any

candidate who prescribed them.

"There's no sexiness to it," laments Leita Hart-Fanta, an accountant

who has just heard Walker's pitch. She suggests recruiting a trusted

celebrity - maybe Oprah - to sell fiscal responsibility to the

American people.

Walker doesn't want to make balancing the federal government's books

sexy - he just wants to make it politically palatable. He has

committed to touring the nation through the 2008 elections, talking to

anybody who will listen about the fiscal black hole Washington has dug

itself, the "demographic tsunami" that will come when the baby boom

generation begins retiring and the recklessness of borrowing money

from foreign lenders to pay for the operation of the U.S. government.

He's dubbed his campaign the "Fiscal Wake-Up Tour."

To show that the looming fiscal crisis is not a partisan issue, he

brings along economists and budget analysts from across the political

spectrum. In Austin, he's accompanied by Diane Lim Rogers, a liberal

economist from the Brookings Institution, and Alison Acosta Fraser,

director of the Roe Institute for Economic Policy Studies at the

Heritage Foundation, a conservative think tank.

Their basic message is this: If the United States government conducts

business as usual over the next few decades, a national debt that is

already $8.5 trillion could reach $46 trillion or more, adjusted for

inflation.

A hole that big could paralyze the U.S. economy; according to some

projections, just the interest payments on a debt that big would be as

much as all the taxes the government collects today.

And every year that nothing is done about it, Walker says, the problem

grows by $2 trillion to $3 trillion.

People who remember Ross Perot's rants in the 1992 presidential

election may think of the federal debt as a problem of the past. But

it never really went away after Perot made it an issue, it only took a

breather. The federal government actually produced a surplus for a few

years during the 1990s, thanks to a booming economy and fiscal

restraint imposed by laws that were passed early in the decade. And

though the federal debt has grown in dollar terms since 2001, it

hasn't grown dramatically relative to the size of the economy.

But that's about to change, thanks to the country's three big

entitlement programs - Social Security, Medicaid, and especially

Medicare. Medicaid and Medicare have grown progressively more

expensive as the cost of health care has dramatically outpaced

inflation over the past 30 years, a trend that is expected to continue

for at least another decade or two.

And with the first baby boomers becoming eligible for Social Security

in 2008 and for Medicare in 2011, the expenses of those two programs

are about to increase dramatically due to demographic pressures.

People are also living longer, which makes any program that provides

benefits to retirees more expensive.

Medicare already costs four times as much as it did in 1970, measured

as a percentage of the nation's gross domestic product. It currently

comprises 13 percent of federal spending; by 2030, the Congressional

Budget Office projects it will consume nearly a quarter of the

budget.

Economists Jagadeesh Gokhale of the American Enterprise Institute and

Kent Smetters of the University of Pennsylvania estimate that by 2030

Medicare will be about $5 trillion in the hole, measured in 2004

dollars. By 2080, the fiscal imbalance will have risen to $25

trillion. And when you project the gap out to an infinite time

horizon, it reaches $60 trillion.

Medicare so dominates the nation's fiscal future that some economists

believe health care reform, rather than budget measures, is the best

way to attack the problem.

"Obviously health care is a mess," says Dean Baker, a liberal

economist at the Center for Economic and Policy Research, a Washington

think tank. "No one's been willing to touch it, but that's what I see

as front and center."

Social Security is a much less serious problem. The program currently

pays for itself with a 12.4 percent payroll tax, and even produces a

surplus that the government raids every year to pay other bills. But

Social Security will begin to run deficits during the next century,

and ultimately would need an infusion of $8 trillion if the government

planned to keep its promises to every beneficiary.

Why is America so fiscally unprepared for the next century? Like many

of its citizens, the United States has spent the last few years

racking up debt instead of saving for the future. Foreign lenders -

primarily the central banks of China, Japan and other big U.S. trading

partners - have been eager to lend the government money at low

interest rates, making the current $8.5-trillion deficit about as

painful as a big balance on a zero-percent credit card.

In her part of the fiscal wake-up tour presentation, Rogers tries to

explain why that's a bad thing. For one thing, even when rates are low

a bigger deficit means a greater portion of each tax dollar goes to

interest payments rather than useful programs. And because foreigners

now hold so much of the federal government's debt, those interest

payments increasingly go overseas rather than to U.S. investors.

More serious is the possibility that foreign lenders might lose their

enthusiasm for lending money to the United States. Because treasury

bills are sold at auction, that would mean paying higher interest

rates in the future. And it wouldn't just be the government's problem:

All interest rates would rise, making mortgages, car payments and

student loans costlier, too.

A modest rise in interest rates wouldn't necessarily be a bad thing,

Rogers said. America's consumers have as much of a borrowing problem

as their government does, so higher rates could moderate

overconsumption and encourage consumer saving. But a big jump in

interest rates could cause economic catastrophe. Some economists even

predict the government would resort to printing money to pay off its

debt, a risky strategy that could lead to runaway inflation.

Macroeconomic meltdown is probably preventable, says Anjan Thakor, a

professor of finance at Washington University in St. Louis. But to

keep it at bay, he said, the government is essentially going to have

to renegotiate some of the promises it has made to its citizens,

probably by some combination of tax increases and benefit cuts.

But there's no way to avoid what Rogers considers the worst result of

racking up a big deficit - the outrage of making our children and

grandchildren repay the debts of their elders.

On Aug 3, 7:01 pm, Harold Burton <hal.i.bur...@hotmail.com> wrote:

> In article <gSQsi.1123$zp5....@bignews6.bellsouth.net>,

>

>

>

>

>

> "Sid9" <s...@bellsouth.net> wrote:

> > Harold Burton wrote:

> > > In article <1186190812.172410.84...@m37g2000prh.googlegroups.com>,

> > > Raymond <Bluerhy...@aol.com> wrote:

>

> > >> America The Bankrupt

>

> > >> The ship of state is on a disastrous course, There's no way to avoid

> > >> the worst result of racking up a big deficit - the outrage of making

> > >> our children .... repay the debts of their elders

>

> > > It's our revenge on them for being assholes when they were teenagers.

> > > I'm enjoying it, living the high life and letting someone else pay for

> > > it, and you're making it sound like it's a bad thing.

>

> > It costs money to

> > run a government.

>

> No problem, your kids and grandkids are going to pay for it and I want

> to go on record right now and thank them for it. Thank you, the idiot

> Sid9's kids and grandkids.

Go fuck yourself you cuntlip fuckhead. I hope you die a million times

in hell with Satan stabbing you in your sorry worthless black fucked

up heart every single time that he methodically steals every inch of

your sorry dirty worthless soul. Eat that shitstain. Same to your

buttbuddy Dumbya.

BTW Fuck You and everyone you know and love.

Smooches,

REALITY

In article <1186197133.192186.305320@i38g2000prf.googlegroups.com>,

reality <realitycheck@ausi.com> wrote:

> Go fuck yourself you cuntlip fuckhead. I hope you die a million times

> in hell with Satan stabbing you in your sorry worthless black fucked

> up heart every single time that he methodically steals every inch of

> your sorry dirty worthless soul. Eat that shitstain. Same to your

> buttbuddy Dumbya.

>

> BTW Fuck You and everyone you know and love.

Ah, isn't that cute, an idiot ranting inanely. Love it.

Hey leftards, I'll bet he's one of yours, anyone want to claim him?

<snicker>

Are you saying that since the

Reagan, Bush,Sr, Republican

control cof congress, and bush,jr

that our country has been

seriously injured by their

anti-government policies?

"Jerry Okamura" <okamuraj005@hawaii.rr.com> wrote in message

news:46b3ebb5$0$16601$4c368faf@roadrunner.com...

> Since we are in another Presidential election cycle, a nice start would be

> to demand from our political reporters to ask the various candidates, what

> they are going to do about the looming problem. Because these reporters

> are not going to ask the hard questions unless we demand that they do.

> And of course asking the question is only one small part of the problem,

> it the candidates will not answer the questions asked, which they are not

> likely to do. So, there also needs to be these same reporters who ask the

> questions to tell the candidates that they did not answer the question

> asked, and let the chips fall where they may.....

>

> "Raymond" <Bluerhymer@aol.com> wrote in message

> news:1186190812.172410.84350@m37g2000prh.googlegroups.com...

> America The Bankrupt

>

> The ship of state is on a disastrous course, There's no way to avoid

> the worst result of racking up a big deficit - the outrage of making

> our children and grandchildren repay the debts of their elders

>

> GAO Head Takes Fiscal Show On The Road To Warn Of Trouble Ahead

>

> (AP) David M. Walker sure talks like he's running for office.

>

> "This is about the future of our country, our kids and grandkids," the

> comptroller general of the United States warns a packed hall at

> Austin's historic Driskill Hotel. "We the people have to rise up to

> make sure things get changed."

>

> But Walker doesn't want, or need, your vote. He already has a job as

> head of the Government Accountability Office, an investigative arm of

> Congress that audits and evaluates the performance of the federal

> government.

>

> Basically, that makes Walker the nation's accountant-in-chief. And the

> accountant-in-chief's professional opinion is that the American public

> needs to tell Washington it's time to steer the nation off the path to

> financial ruin.

>

>>From the hustings and the airwaves this campaign season, America's

> political class can be heard debating Capitol Hill sex scandals, the

> wisdom of the war in Iraq and which party is tougher on terror.

> Democrats and Republicans talk of cutting taxes to make life easier

> for the American people.

>

> What they don't talk about is a dirty little secret everyone in

> Washington knows, or at least should. The vast majority of economists

> and budget analysts agree: The ship of state is on a disastrous

> course, and will founder on the reefs of economic disaster if nothing

> is done to correct it.

>

> There's a good reason politicians don't like to talk about the

> nation's long-term fiscal prospects. The subject is short on political

> theatrics and long on complicated economics, scary graphs and very big

> numbers. It reveals serious problems and offers no easy solutions.

> Anybody who wanted to deal with it seriously would have to talk about

> raising taxes and cutting benefits, nasty nostrums that might doom any

> candidate who prescribed them.

>

> "There's no sexiness to it," laments Leita Hart-Fanta, an accountant

> who has just heard Walker's pitch. She suggests recruiting a trusted

> celebrity - maybe Oprah - to sell fiscal responsibility to the

> American people.

>

> Walker doesn't want to make balancing the federal government's books

> sexy - he just wants to make it politically palatable. He has

> committed to touring the nation through the 2008 elections, talking to

> anybody who will listen about the fiscal black hole Washington has dug

> itself, the "demographic tsunami" that will come when the baby boom

> generation begins retiring and the recklessness of borrowing money

> from foreign lenders to pay for the operation of the U.S. government.

>

> He's dubbed his campaign the "Fiscal Wake-Up Tour."

>

> To show that the looming fiscal crisis is not a partisan issue, he

> brings along economists and budget analysts from across the political

> spectrum. In Austin, he's accompanied by Diane Lim Rogers, a liberal

> economist from the Brookings Institution, and Alison Acosta Fraser,

> director of the Roe Institute for Economic Policy Studies at the

> Heritage Foundation, a conservative think tank.

>

> Their basic message is this: If the United States government conducts

> business as usual over the next few decades, a national debt that is

> already $8.5 trillion could reach $46 trillion or more, adjusted for

> inflation.

>

> A hole that big could paralyze the U.S. economy; according to some

> projections, just the interest payments on a debt that big would be as

> much as all the taxes the government collects today.

>

> And every year that nothing is done about it, Walker says, the problem

> grows by $2 trillion to $3 trillion.

>

> People who remember Ross Perot's rants in the 1992 presidential

> election may think of the federal debt as a problem of the past. But

> it never really went away after Perot made it an issue, it only took a

> breather. The federal government actually produced a surplus for a few

> years during the 1990s, thanks to a booming economy and fiscal

> restraint imposed by laws that were passed early in the decade. And

> though the federal debt has grown in dollar terms since 2001, it

> hasn't grown dramatically relative to the size of the economy.

>

> But that's about to change, thanks to the country's three big

> entitlement programs - Social Security, Medicaid, and especially

> Medicare. Medicaid and Medicare have grown progressively more

> expensive as the cost of health care has dramatically outpaced

> inflation over the past 30 years, a trend that is expected to continue

> for at least another decade or two.

>

> And with the first baby boomers becoming eligible for Social Security

> in 2008 and for Medicare in 2011, the expenses of those two programs

> are about to increase dramatically due to demographic pressures.

> People are also living longer, which makes any program that provides

> benefits to retirees more expensive.

>

> Medicare already costs four times as much as it did in 1970, measured

> as a percentage of the nation's gross domestic product. It currently

> comprises 13 percent of federal spending; by 2030, the Congressional

> Budget Office projects it will consume nearly a quarter of the

> budget.

>

> Economists Jagadeesh Gokhale of the American Enterprise Institute and

> Kent Smetters of the University of Pennsylvania estimate that by 2030

> Medicare will be about $5 trillion in the hole, measured in 2004

> dollars. By 2080, the fiscal imbalance will have risen to $25

> trillion. And when you project the gap out to an infinite time

> horizon, it reaches $60 trillion.

>

> Medicare so dominates the nation's fiscal future that some economists

> believe health care reform, rather than budget measures, is the best

> way to attack the problem.

>

> "Obviously health care is a mess," says Dean Baker, a liberal

> economist at the Center for Economic and Policy Research, a Washington

> think tank. "No one's been willing to touch it, but that's what I see

> as front and center."

>

> Social Security is a much less serious problem. The program currently

> pays for itself with a 12.4 percent payroll tax, and even produces a

> surplus that the government raids every year to pay other bills. But

> Social Security will begin to run deficits during the next century,

> and ultimately would need an infusion of $8 trillion if the government

> planned to keep its promises to every beneficiary.

>

> Why is America so fiscally unprepared for the next century? Like many

> of its citizens, the United States has spent the last few years

> racking up debt instead of saving for the future. Foreign lenders -

> primarily the central banks of China, Japan and other big U.S. trading

> partners - have been eager to lend the government money at low

> interest rates, making the current $8.5-trillion deficit about as

> painful as a big balance on a zero-percent credit card.

>

> In her part of the fiscal wake-up tour presentation, Rogers tries to

> explain why that's a bad thing. For one thing, even when rates are low

> a bigger deficit means a greater portion of each tax dollar goes to

> interest payments rather than useful programs. And because foreigners

> now hold so much of the federal government's debt, those interest

> payments increasingly go overseas rather than to U.S. investors.

>

> More serious is the possibility that foreign lenders might lose their

> enthusiasm for lending money to the United States. Because treasury

> bills are sold at auction, that would mean paying higher interest

> rates in the future. And it wouldn't just be the government's problem:

> All interest rates would rise, making mortgages, car payments and

> student loans costlier, too.

>

> A modest rise in interest rates wouldn't necessarily be a bad thing,

> Rogers said. America's consumers have as much of a borrowing problem

> as their government does, so higher rates could moderate

> overconsumption and encourage consumer saving. But a big jump in

> interest rates could cause economic catastrophe. Some economists even

> predict the government would resort to printing money to pay off its

> debt, a risky strategy that could lead to runaway inflation.

>

> Macroeconomic meltdown is probably preventable, says Anjan Thakor, a

> professor of finance at Washington University in St. Louis. But to

> keep it at bay, he said, the government is essentially going to have

> to renegotiate some of the promises it has made to its citizens,

> probably by some combination of tax increases and benefit cuts.

>

> But there's no way to avoid what Rogers considers the worst result of

> racking up a big deficit - the outrage of making our children and

> grandchildren repay the debts of their elders.

>

>

In article <1186190812.172410.84350@m37g2000prh.googlegroups.com>,

Raymond <Bluerhymer@aol.com> wrote:

> America The Bankrupt

>

> The ship of state is on a disastrous course, There's no way to avoid

> the worst result of racking up a big deficit - the outrage of making

> our children and grandchildren repay the debts of their elders

>

> GAO Head Takes Fiscal Show On The Road To Warn Of Trouble Ahead

>

> (AP) David M. Walker sure talks like he's running for office.

>

> "This is about the future of our country, our kids and grandkids," the

> comptroller general of the United States warns a packed hall at

> Austin's historic Driskill Hotel. "We the people have to rise up to

> make sure things get changed."

>

> But Walker doesn't want, or need, your vote. He already has a job as

> head of the Government Accountability Office, an investigative arm of

> Congress that audits and evaluates the performance of the federal

> government.

>

> Basically, that makes Walker the nation's accountant-in-chief. And the

> accountant-in-chief's professional opinion is that the American public

> needs to tell Washington it's time to steer the nation off the path to

> financial ruin.

>

> >From the hustings and the airwaves this campaign season, America's

> political class can be heard debating Capitol Hill sex scandals, the

> wisdom of the war in Iraq and which party is tougher on terror.

> Democrats and Republicans talk of cutting taxes to make life easier

> for the American people.

>

> What they don't talk about is a dirty little secret everyone in

> Washington knows, or at least should. The vast majority of economists

> and budget analysts agree: The ship of state is on a disastrous

> course, and will founder on the reefs of economic disaster if nothing

> is done to correct it.

>

> There's a good reason politicians don't like to talk about the

> nation's long-term fiscal prospects. The subject is short on political

> theatrics and long on complicated economics, scary graphs and very big

> numbers. It reveals serious problems and offers no easy solutions.

> Anybody who wanted to deal with it seriously would have to talk about

> raising taxes and cutting benefits, nasty nostrums that might doom any

> candidate who prescribed them.

>

> "There's no sexiness to it," laments Leita Hart-Fanta, an accountant

> who has just heard Walker's pitch. She suggests recruiting a trusted

> celebrity - maybe Oprah - to sell fiscal responsibility to the

> American people.

>

> Walker doesn't want to make balancing the federal government's books

> sexy - he just wants to make it politically palatable. He has

> committed to touring the nation through the 2008 elections, talking to

> anybody who will listen about the fiscal black hole Washington has dug

> itself, the "demographic tsunami" that will come when the baby boom

> generation begins retiring and the recklessness of borrowing money

> from foreign lenders to pay for the operation of the U.S. government.

>

> He's dubbed his campaign the "Fiscal Wake-Up Tour."

>

> To show that the looming fiscal crisis is not a partisan issue, he

> brings along economists and budget analysts from across the political

> spectrum. In Austin, he's accompanied by Diane Lim Rogers, a liberal

> economist from the Brookings Institution, and Alison Acosta Fraser,

> director of the Roe Institute for Economic Policy Studies at the

> Heritage Foundation, a conservative think tank.

>

> Their basic message is this: If the United States government conducts

> business as usual over the next few decades, a national debt that is

> already $8.5 trillion could reach $46 trillion or more, adjusted for

> inflation.

>

> A hole that big could paralyze the U.S. economy; according to some

> projections, just the interest payments on a debt that big would be as

> much as all the taxes the government collects today.

>

> And every year that nothing is done about it, Walker says, the problem

> grows by $2 trillion to $3 trillion.

>

> People who remember Ross Perot's rants in the 1992 presidential

> election may think of the federal debt as a problem of the past. But

> it never really went away after Perot made it an issue, it only took a

> breather. The federal government actually produced a surplus for a few

> years during the 1990s, thanks to a booming economy and fiscal

> restraint imposed by laws that were passed early in the decade. And

> though the federal debt has grown in dollar terms since 2001, it

> hasn't grown dramatically relative to the size of the economy.

>

> But that's about to change, thanks to the country's three big

> entitlement programs - Social Security, Medicaid, and especially

> Medicare. Medicaid and Medicare have grown progressively more

> expensive as the cost of health care has dramatically outpaced

> inflation over the past 30 years, a trend that is expected to continue

> for at least another decade or two.

>

> And with the first baby boomers becoming eligible for Social Security

> in 2008 and for Medicare in 2011, the expenses of those two programs

> are about to increase dramatically due to demographic pressures.

> People are also living longer, which makes any program that provides

> benefits to retirees more expensive.

>

> Medicare already costs four times as much as it did in 1970, measured

> as a percentage of the nation's gross domestic product. It currently

> comprises 13 percent of federal spending; by 2030, the Congressional

> Budget Office projects it will consume nearly a quarter of the

> budget.

>

> Economists Jagadeesh Gokhale of the American Enterprise Institute and

> Kent Smetters of the University of Pennsylvania estimate that by 2030

> Medicare will be about $5 trillion in the hole, measured in 2004

> dollars. By 2080, the fiscal imbalance will have risen to $25

> trillion. And when you project the gap out to an infinite time

> horizon, it reaches $60 trillion.

>

> Medicare so dominates the nation's fiscal future that some economists

> believe health care reform, rather than budget measures, is the best

> way to attack the problem.

>

> "Obviously health care is a mess," says Dean Baker, a liberal

> economist at the Center for Economic and Policy Research, a Washington

> think tank. "No one's been willing to touch it, but that's what I see

> as front and center."

>

> Social Security is a much less serious problem. The program currently

> pays for itself with a 12.4 percent payroll tax, and even produces a

> surplus that the government raids every year to pay other bills. But

> Social Security will begin to run deficits during the next century,

> and ultimately would need an infusion of $8 trillion if the government

> planned to keep its promises to every beneficiary.

>

> Why is America so fiscally unprepared for the next century? Like many

> of its citizens, the United States has spent the last few years

> racking up debt instead of saving for the future. Foreign lenders -

> primarily the central banks of China, Japan and other big U.S. trading

> partners - have been eager to lend the government money at low

> interest rates, making the current $8.5-trillion deficit about as

> painful as a big balance on a zero-percent credit card.

>

> In her part of the fiscal wake-up tour presentation, Rogers tries to

> explain why that's a bad thing. For one thing, even when rates are low

> a bigger deficit means a greater portion of each tax dollar goes to

> interest payments rather than useful programs. And because foreigners

> now hold so much of the federal government's debt, those interest

> payments increasingly go overseas rather than to U.S. investors.

>

> More serious is the possibility that foreign lenders might lose their

> enthusiasm for lending money to the United States. Because treasury

> bills are sold at auction, that would mean paying higher interest

> rates in the future. And it wouldn't just be the government's problem:

> All interest rates would rise, making mortgages, car payments and

> student loans costlier, too.

>

> A modest rise in interest rates wouldn't necessarily be a bad thing,

> Rogers said. America's consumers have as much of a borrowing problem

> as their government does, so higher rates could moderate

> overconsumption and encourage consumer saving. But a big jump in

> interest rates could cause economic catastrophe. Some economists even

> predict the government would resort to printing money to pay off its

> debt, a risky strategy that could lead to runaway inflation.

>

> Macroeconomic meltdown is probably preventable, says Anjan Thakor, a

> professor of finance at Washington University in St. Louis. But to

> keep it at bay, he said, the government is essentially going to have

> to renegotiate some of the promises it has made to its citizens,

> probably by some combination of tax increases and benefit cuts.

>

> But there's no way to avoid what Rogers considers the worst result of

> racking up a big deficit - the outrage of making our children and

> grandchildren repay the debts of their elders.

>

>

In article <1186190812.172410.84350@m37g2000prh.googlegroups.com>,

Raymond <Bluerhymer@aol.com> wrote:

> America The Bankrupt

> snip

> The ship of state is on a disastrous course, There's no way to avoid

> the worst result of racking up a big deficit - the outrage of making

> our children and grandchildren repay the debts of their elders

snip

> But there's no way to avoid what Rogers considers the worst result of

> racking up a big deficit - the outrage of making our children and

> grandchildren repay the debts of their elders.

--------------------------------------------------------------------

NOT SO. The U.S. has the goods; the Chinese, Japanese, U.K. et al,

hold the debt. In due course, Bush and Co. will simply print enough

hundred-dollar bills to pay off the "debt"; and then "buy them back"

for two cents onthe dollar; or just invalidate the currency and issue

"new" currency. So how would the creditors collect? THEY WOULDN'T.

THEY BECOME THE NEW "BANKRUPTS", SINCE THEIR EVIDENCE OF DEBT IS

WORTHLESS. "Breachof trust?" Of course. But when did that ever stop

the Bushies?

-------------------------------------------------------------------

On Sat, 04 Aug 2007 11:02:20 -0700, Poquito <netpost@pochta.ru> wrote:

>They STILL don't GET IT.

> The object of the war was, has been, and IS -- to transfer the

>contents of the U.S. Treasury to Bush's supporters, the war

>profiteers; to enhance his "Unitary" powers,

> and to dominate the oil resources of the middle east.

>Continuation of the war continues the looting of the treasury and

>confirms his "war presidency".

> Bush and his supporters have already "won" the war--- and they

>continue winning every day the war continues.

Or it could be a ploy to distribute dollars abroad to countries

demanding them. The dollar is a global currency.

Swill

--

Picture of the day

http://antwrp.gsfc.nasa.gov/apod/astropix.html

Governor Swill wrote:

> On Sat, 04 Aug 2007 11:02:20 -0700, Poquito <netpost@pochta.ru> wrote:

>

>> They STILL don't GET IT.

>> The object of the war was, has been, and IS -- to transfer the

>> contents of the U.S. Treasury to Bush's supporters, the war

>> profiteers; to enhance his "Unitary" powers,

>> and to dominate the oil resources of the middle east.

>> Continuation of the war continues the looting of the treasury and

>> confirms his "war presidency".

>> Bush and his supporters have already "won" the war--- and they

>> continue winning every day the war continues.

>

> Or it could be a ploy to distribute dollars abroad to countries

> demanding them. The dollar is a global currency.

>

> Swill

The dollar is turning to shit under

the fiscal management of bush,jr

and his Republican pals.

The Euro is stronger everyday.

On Sat, 04 Aug 2007 14:58:10 -0700, Watcher <netpost@pochta.ru> wrote:

>NOT SO. The U.S. has the goods; the Chinese, Japanese, U.K. et al,

>hold the debt. In due course, Bush and Co. will simply print enough

>hundred-dollar bills to pay off the "debt"; and then "buy them back"

>for two cents onthe dollar; or just invalidate the currency and issue

>"new" currency. So how would the creditors collect? THEY WOULDN'T.

>THEY BECOME THE NEW "BANKRUPTS", SINCE THEIR EVIDENCE OF DEBT IS

>WORTHLESS. "Breachof trust?" Of course. But when did that ever stop

>the Bushies?

The dollar is based on oil. As long as oil flows, there will be

dollars flowing. In this way a global currency can be created that

will allow global trade to ensure economic freedom for more people

than ever in the history of humanity.

This is not to say there aren't risks and dangers, but pretty much

everybody has signed onto the dollar, including Russia and China.

Nobody has any interest in seeing it fail.

Swill

--

Picture of the day

http://antwrp.gsfc.nasa.gov/apod/astropix.html

Governor Swill wrote:

> On Sat, 04 Aug 2007 14:58:10 -0700, Watcher <netpost@pochta.ru> wrote:

>

>> NOT SO. The U.S. has the goods; the Chinese, Japanese, U.K. et al,

>> hold the debt. In due course, Bush and Co. will simply print enough

>> hundred-dollar bills to pay off the "debt"; and then "buy them back"

>> for two cents onthe dollar; or just invalidate the currency and issue

>> "new" currency. So how would the creditors collect? THEY WOULDN'T.

>> THEY BECOME THE NEW "BANKRUPTS", SINCE THEIR EVIDENCE OF DEBT IS

>> WORTHLESS. "Breachof trust?" Of course. But when did that ever

>> stop the Bushies?

>

> The dollar is based on oil. As long as oil flows, there will be

> dollars flowing. In this way a global currency can be created that

> will allow global trade to ensure economic freedom for more people

> than ever in the history of humanity.

>

> This is not to say there aren't risks and dangers, but pretty much

> everybody has signed onto the dollar, including Russia and China.

>

> Nobody has any interest in seeing it fail.

>

> Swill

Ever hear of the Euro?

Coming up fast as we fade with an unfunded war.

After Much Chewing of Cud and Cogitation, "Sid9" <sid9@bellsouth.net> Spat

the Words

> Harold Burton wrote:

>> In article <gSQsi.1123$zp5.353@bignews6.bellsouth.net>,

>> "Sid9" <sid9@bellsouth.net> wrote:

>>

>>> Harold Burton wrote:

>>>> In article <1186190812.172410.84350@m37g2000prh.googlegroups.com>,

>>>> Raymond <Bluerhymer@aol.com> wrote:

>>>>

>>>>> America The Bankrupt

>>>>>

>>>>> The ship of state is on a disastrous course, There's no way to

>>>>> avoid the worst result of racking up a big deficit - the outrage

>>>>> of making our children .... repay the debts of their elders

>>>>

>>>>

>>>>

>>>> It's our revenge on them for being assholes when they were

>>>> teenagers. I'm enjoying it, living the high life and letting

>>>> someone else pay for it, and you're making it sound like it's a bad

>>>> thing.

>>>

>>>

>>> It costs money to

>>> run a government.

>>

>>

>> No problem, your kids and grandkids are going to pay for it and I want

>> to go on record right now and thank them for it. Thank you, the idiot

>> Sid9's kids and grandkids.

>>

>>

>> <snicker>

>

> You are right.

> and your's, too.

Harold Burton is proud of making life worse for our progeny.

What a moron. This is why conservatism is dead.. it's people like him.

After Much Chewing of Cud and Cogitation, Harold Burton

<hal.i.burton@hotmail.com> Spat the Words

> In article <1186197133.192186.305320@i38g2000prf.googlegroups.com>,

> reality <realitycheck@ausi.com> wrote:

>

>

>> Go fuck yourself you cuntlip fuckhead. I hope you die a million times

>> in hell with Satan stabbing you in your sorry worthless black fucked

>> up heart every single time that he methodically steals every inch of

>> your sorry dirty worthless soul. Eat that shitstain. Same to your

>> buttbuddy Dumbya.

>>

>> BTW Fuck You and everyone you know and love.

>

>

>

> Ah, isn't that cute, an idiot ranting inanely. Love it.

The idiot is you Harold.. it's just that everyone knows it

except you.

>

> Hey leftards, I'll bet he's one of yours, anyone want to claim him?

>

> <snicker>

>

After Much Chewing of Cud and Cogitation, Watcher <netpost@pochta.ru> Spat

the Words

> In article <1186190812.172410.84350@m37g2000prh.googlegroups.com>,

> Raymond <Bluerhymer@aol.com> wrote:

>

>> America The Bankrupt

>> snip

>> The ship of state is on a disastrous course, There's no way to avoid

>> the worst result of racking up a big deficit - the outrage of making

>> our children and grandchildren repay the debts of their elders

> snip

>> But there's no way to avoid what Rogers considers the worst result of

>> racking up a big deficit - the outrage of making our children and

>> grandchildren repay the debts of their elders.

> --------------------------------------------------------------------

> NOT SO. The U.S. has the goods; the Chinese, Japanese, U.K. et al,

> hold the debt. In due course, Bush and Co. will simply print enough

> hundred-dollar bills to pay off the "debt"; and then "buy them back"

> for two cents onthe dollar; or just invalidate the currency and issue

> "new" currency. So how would the creditors collect? THEY WOULDN'T.

Nobody would ever lend money to the US again. You should read more before

spouting nonsense like this. The US defaulting on it's obligations would

be the very last thing the USA as a country ever did.

> THEY BECOME THE NEW "BANKRUPTS", SINCE THEIR EVIDENCE OF DEBT IS

> WORTHLESS. "Breachof trust?" Of course. But when did that ever stop

> the Bushies?

> -------------------------------------------------------------------

On Sat, 4 Aug 2007 22:17:46 -0400, "Sid9" <sid9@bellsouth.net> wrote:

>> This is not to say there aren't risks and dangers, but pretty much

>> everybody has signed onto the dollar, including Russia and China.

>>

>> Nobody has any interest in seeing it fail.

>Ever hear of the Euro?

>

>Coming up fast as we fade with an unfunded war.

Saddam heard of the euro and switched to it from the dollar some years

ago. He's dead.

Swill

--

Picture of the day

http://antwrp.gsfc.nasa.gov/apod/astropix.html

On Sat, 4 Aug 2007 19:12:01 -0400, "Sid9" <sid9@bellsouth.net> wrote:

>> Or it could be a ploy to distribute dollars abroad to countries

>> demanding them. The dollar is a global currency.

>>

>> Swill

>

>The dollar is turning to shit under

>the fiscal management of bush,jr

>and his Republican pals.

>

>The Euro is stronger everyday.

Which is better for our economy than Europe's.

Swill

--

Picture of the day

http://antwrp.gsfc.nasa.gov/apod/astropix.html

In article <Xns9982E3B8C7192rrfkwrantispamattbic@216.196.97.136>,

Perseid <eidpers@anti-spam.comcast.net> wrote:

> After Much Chewing of Cud and Cogitation, "Sid9" <sid9@bellsouth.net> Spat

> the Words

>

> > Harold Burton wrote:

> >> In article <gSQsi.1123$zp5.353@bignews6.bellsouth.net>,

> >> "Sid9" <sid9@bellsouth.net> wrote:

> >>

> >>> Harold Burton wrote:

> >>>> In article <1186190812.172410.84350@m37g2000prh.googlegroups.com>,

> >>>> Raymond <Bluerhymer@aol.com> wrote:

> >>>>

> >>>>> America The Bankrupt

> >>>>>

> >>>>> The ship of state is on a disastrous course, There's no way to

> >>>>> avoid the worst result of racking up a big deficit - the outrage

> >>>>> of making our children .... repay the debts of their elders

> >>>>

> >>>>

> >>>>

> >>>> It's our revenge on them for being assholes when they were

> >>>> teenagers. I'm enjoying it, living the high life and letting

> >>>> someone else pay for it, and you're making it sound like it's a bad

> >>>> thing.

> >>>

> >>>

> >>> It costs money to

> >>> run a government.

> >>

> >>

> >> No problem, your kids and grandkids are going to pay for it and I want

> >> to go on record right now and thank them for it. Thank you, the idiot

> >> Sid9's kids and grandkids.

> >>

> >>

> >> <snicker>

> >

> > You are right.

> > and your's, too.

>

> Harold Burton is proud of making life worse for our progeny.

> What a moron. This is why conservatism is dead.. it's people like him.

Would you like some cheese with that whine?

Raymond wrote:

>

> More serious is the possibility that foreign lenders might lose their

> enthusiasm for lending money to the United States. Because treasury

> bills are sold at auction, that would mean paying higher interest

> rates in the future. And it wouldn't just be the government's problem:

> All interest rates would rise, making mortgages, car payments and

> student loans costlier, too.

>

That's almost certain to happen. With the money supply growing at 15% a

year, the long bond should be paying at least that much and yet it's

around 5%. Imagine it at 20% which is where it should be.

Naw, we were part of a group that got E-Bay to take gun auctions off their

cite while your fat arse sat in that computer chair and thanks!!!!

"Harold Burton" <hal.i.burton@hotmail.com> wrote in message

news:hal.i.burton-2F8A5A.12181305082007@comcast.dca.giganews.com...

> In article <Xns9982E3B8C7192rrfkwrantispamattbic@216.196.97.136>,

> Perseid <eidpers@anti-spam.comcast.net> wrote:

>

> > After Much Chewing of Cud and Cogitation, "Sid9" <sid9@bellsouth.net>

Spat

> > the Words

> >

> > > Harold Burton wrote:

> > >> In article <gSQsi.1123$zp5.353@bignews6.bellsouth.net>,

> > >> "Sid9" <sid9@bellsouth.net> wrote:

> > >>

> > >>> Harold Burton wrote:

> > >>>> In article <1186190812.172410.84350@m37g2000prh.googlegroups.com>,

> > >>>> Raymond <Bluerhymer@aol.com> wrote:

> > >>>>

> > >>>>> America The Bankrupt

> > >>>>>

> > >>>>> The ship of state is on a disastrous course, There's no way to

> > >>>>> avoid the worst result of racking up a big deficit - the outrage

> > >>>>> of making our children .... repay the debts of their elders

> > >>>>

> > >>>>

> > >>>>

> > >>>> It's our revenge on them for being assholes when they were

> > >>>> teenagers. I'm enjoying it, living the high life and letting

> > >>>> someone else pay for it, and you're making it sound like it's a bad

> > >>>> thing.

> > >>>

> > >>>

> > >>> It costs money to

> > >>> run a government.

> > >>

> > >>

> > >> No problem, your kids and grandkids are going to pay for it and I

want

> > >> to go on record right now and thank them for it. Thank you, the

idiot

> > >> Sid9's kids and grandkids.

> > >>

> > >>

> > >> <snicker>

> > >

> > > You are right.

> > > and your's, too.

> >

> > Harold Burton is proud of making life worse for our progeny.

> > What a moron. This is why conservatism is dead.. it's people like him.

>

> Would you like some cheese with that whine?

On Aug 3, 11:12 pm, reality <realitych...@ausi.com> wrote:

> On Aug 3, 7:01 pm, Harold Burton <hal.i.bur...@hotmail.com> wrote:

>

>

>

>

>

> > In article <gSQsi.1123$zp5....@bignews6.bellsouth.net>,

>

> > "Sid9" <s...@bellsouth.net> wrote:

> > > Harold Burton wrote:

> > > > In article <1186190812.172410.84...@m37g2000prh.googlegroups.com>,

> > > > Raymond <Bluerhy...@aol.com> wrote:

>

> > > >> America The Bankrupt

>

> > > >> The ship of state is on a disastrous course, There's no way to avoid

> > > >> the worst result of racking up a big deficit - the outrage of making

> > > >> our children .... repay the debts of their elders

>

> > > > It's our revenge on them for being assholes when they were teenagers.

> > > > I'm enjoying it, living the high life and letting someone else pay for

> > > > it, and you're making it sound like it's a bad thing.

>

> > > It costs money to

> > > run a government.

>

> > No problem, your kids and grandkids are going to pay for it and I want

> > to go on record right now and thank them for it. Thank you, the idiot

> > Sid9's kids and grandkids.

>

> Go fuck yourself you cuntlip fuckhead. I hope you die a million times

> in hell with Satan stabbing you in your sorry worthless black fucked

> up heart every single time that he methodically steals every inch of

> your sorry dirty worthless soul. Eat that shitstain. Same to your

> buttbuddy Dumbya.

>

> BTW Fuck You and everyone you know and love.

>

> Smooches,

> REALITY- Hide quoted text -

>

> - Show quoted text -

Nice response. Your grammar could use a bit of work though. 8'th

grade?

Foobar wrote:

> On Aug 3, 11:12 pm, reality <realitych...@ausi.com> wrote:

>> On Aug 3, 7:01 pm, Harold Burton <hal.i.bur...@hotmail.com> wrote:

>>

>>

>>

>>

>>

>>> In article <gSQsi.1123$zp5....@bignews6.bellsouth.net>,

>>> "Sid9" <s...@bellsouth.net> wrote:

>>>> Harold Burton wrote:

>>>>> In article <1186190812.172410.84...@m37g2000prh.googlegroups.com>,

>>>>> Raymond <Bluerhy...@aol.com> wrote:

>>>>>> America The Bankrupt

>>>>>> The ship of state is on a disastrous course, There's no way to avoid

>>>>>> the worst result of racking up a big deficit - the outrage of making

>>>>>> our children .... repay the debts of their elders

>>>>> It's our revenge on them for being assholes when they were teenagers.

>>>>> I'm enjoying it, living the high life and letting someone else pay for

>>>>> it, and you're making it sound like it's a bad thing.

>>>> It costs money to

>>>> run a government.

>>> No problem, your kids and grandkids are going to pay for it and I want

>>> to go on record right now and thank them for it. Thank you, the idiot

>>> Sid9's kids and grandkids.

>> Go fuck yourself you cuntlip fuckhead. I hope you die a million times

>> in hell with Satan stabbing you in your sorry worthless black fucked

>> up heart every single time that he methodically steals every inch of

>> your sorry dirty worthless soul. Eat that shitstain. Same to your

>> buttbuddy Dumbya.

>>

>> BTW Fuck You and everyone you know and love.

>>

>> Smooches,

>> REALITY- Hide quoted text -

>>

>> - Show quoted text -

>

> Nice response. Your grammar could use a bit of work though. 8'th

> grade?

>

Actually, aside from a few missing optional commas and some creative

capitalization, the grammar was faultless.