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Canuck57[_9_]

On 24/03/2011 5:42 PM, wrote:
On Thu, 24 Mar 2011 16:55:40 -0600,
wrote:

On 24/03/2011 4:04 PM, wrote:
On Thu, 24 Mar 2011 17:01:02 -0400, wrote:

On Thu, 24 Mar 2011 10:47:35 -0700, wrote:

According to you, Mr. Expert. In fact, it's just a fear-based rant
that is getting old and worn out. Why don't you go back to the birth
certificate rant, at least that's entertaining on some level.

I suppose you should read a bit more dear. No credible economist
right now thinks our entitlements are sustainable. It is particularly
true when Obama signed on to the formerly "bush tax cuts" and then cut
an additional 2% from the payroll taxes. Reagan would be proud ...
except he actually raised the payroll taxes along with Tip O'neil to
prop up social security. Obama hastened it's failure.

Don't call me dear. It's demeaning and you're not qualified.

You started the name calling

By calling you Mr. Expert? Well, ok.

Just because something is unsustainable doesn't mean it's an imminent
problem. Nobody disputes that both need to be fixed.

When are they going to start? Obama just made the problem worse by
lowering taxes when they really should be going up. The only real fix
will be adjusting eligibility age to reflect life expectancy and
nobody will even talk about that.

"They" already have. Changes are being discussed (rationally) on both
sides of the isle. Even the lunatics who want to gut the safety net
have a voice, albeit a hysterical one. Sometimes, and I know this is
non-intuitive, but it's a long term problem not a short term problem.

If your google is broken, I suppose I can find you the projections of
what the debt will cost us at various increasing interest rates but I
am sure you saw those projections and rejected them as fear mongering.
It is just the math that makes me worry.

Math shouldn't make you worry. It's just math.

When the math shows us bankrupting the government and devaluing the
dollar, it is a reason to worry. This is not a long term problem
anymore. We are already upside down, borrowing money to cover the
short fall.

Nope. It's a long term problem. A short term problem is something like
the nuclear plants in Japan. A middle term problem is something like
job growth. A long term problem is something like SS/MC.

Actually, US economic problems are near, mid and long term. USD is
loosing value pretty fast and accelerating. Faster she goes, the harder
it is to stop. Widmark? Zimbabwe? 1948 German currency reform.

Hey, USD might be revalued at 10 cents on the dollar tomorrow. If you
own gold or oil, who cares. If you own USD, you got wiped out.

Paranoia is obviously your forte.

The value of the dollar fluctuates quite a bit. A strong dollar
doesn't necessarily mean good things for the US economy. It's a
tradeoff when it's strong and when it's weak.

Generally down. In the last few years lost 20% against the Yuan. Lost
against the CAD too -- bad since the CAD value is mush too.