What's wrong with old German's Mark? Sure seems to be doing just fine as the Euro against the Dollars!
And, the point is that there is LOTS of money in the US. . .it is just all going to the top .5%. . . So, why ask those who live on poverty or close to poverty income to pay more taxes, and to get cuts on all the programs that keep them from starving like 3rd world countries citizens while the top .5% gets wealthier on THE WORK OF THE MIDDLE CLASS every year?
I would settle to ask those people not to pay
more taxes, rather just
some federal income taxes. Afterall, we are all in this together are we not? And this notion that the "rich" just sit around and get rich because of the work of the middle class is idiotic.
Successful business people take huge risks, and build a company up that then employs these middle class people -- who are free to not work there if they so choose.
Face it. . .it is the MIDDLE CLASS and the poor that make the economy work or fail! Because they don't have the luxury to send their "extra income " oversea. . .they have to spend it right here on NECESSITIES.
This is absurd. The middle class only have money because they are able to get a job and earn it. Who is it that creates jobs? When was the last time you were offered a job by a poor person?
Please go back and look at the "velocity of money," and see what $1 of tax break (or unemployment, or food stamps) do to the economy, compared to the same $1 given to the wealthy!
The result is the same. You only have a limited set of options with your $1, regardless of who you are. The problem is that additional government spending must first take that extra money out private sector economy, and then the government distributes it. I find the private sector is much more efficient at managing capital than the government.
OBVIOUSLY the policies of the Bush era didn't work for the economy, since it is clear that the $ LOST against most currencies during that period! Now the $ is a little higher than in 2006 to 2008 against the Euro. . .but it is a combination of NEW policies by the Obama government AND the weakness created in Europe by the fiasco of the 2008 crisis provoked by Bush's policies!
This statement is a clear indication that you have no idea how dollar valuations actually work. With the caveat that you don't want the dollar in the tank as that will ultimately increase interest rates, a more competively priced dollar is hardly a bad thing. A weaker dollar gives investors better value abroad, it boosts US exporters, multinational companies, and ultimtaely makes up for lagging consumer spending.
The dollar value is largely going to be tied with long term interest rates. With our long term rates in the gutter for the foreeable future, it makes investments in other currencies more attractive.
All those figures are readily available for all to see. . .but I am tired of posting them and never getting a reply that doesn't consist at "poopooing" it, and refusing to see the reality.
Obviously those countries who loan to the US are not as worried as the Republicans about our deficits, since they continue to loan money at a very preferential rate!
Who migh those countries be? The Wall Street Journal reported earlier this year that:
"The Federal Reserve is propping up the entire U.S. economy by buying 61 percent of the government debt issued by the Treasury Department, a trend that cannot last, Lawrence Goodman, a former Treasury official and current president of the Center for Financial Stability, writes in a Wall Street Journal opinion article published Wednesday. Last year the Fed purchased a
stunning 61 percent of the total net Treasury issuance, up from negligible amounts prior to the 2008 financial crisis," Goodman writes. Goodman also warns that U.S. economy and markets are “at risk for a sharp correction” if conditions aren’t “normalized.”
This not only creates the false appearance of limitless demand for U.S. debt but also blunts any sense of urgency to reduce supersized budget deficits."
And, by the way, there is a clause in the constitution that specifically addresses debts incured even BEFORE the establishment of the constitution and forced us to repay our debts. So, by trying to refuse to raise the debt limit, which would force us to default on our debts, the GOP would throw the Constitution (which seems to be their bible) to the trash.
Keep on worrying about your "right to bear arms" in the second amendment, but ignore the clause in the Constitution that obliged us to pay EVEN the debts we had PRIOR to the establishment of this constitution!
That makes a LOT of sense!
Article VI: All Debts contracted and Engagements entered into,
before the Adoption of this Constitution, shall be as valid against the United States under this Constitution, as under the Confederation.
This is supposed to be your argument for paying debts incurred today?
m today. . . If they even vote on it!
