“The primary reason is that pension funds and social security must invest their funds in bonds and without US government bonds, they would be forced to invest in corporate paper that is less attractive. That was a valid reason for Reagan's original expansion of the national debt. Unfortunately, like a kid with a credit card, Congress has become addicted to debt.”
“Clearly it makes sense to borrow money at near zero versus paying taxes that will range from 15-35% but the following statement is completely moronic: "But instead of grumbling about Apple, maybe the government could learn something from it: Namely, that it's not always a bad idea to borrow money. And when interest rates are being held near record lows by the Federal Reserve, there may never be a better time to borrow."
The US government is borrowing $1 trillion a year and the only way to pay that debt is to print money or raise taxes. A decision made by a corporation to avoid expense is not the same as a decision by a government to impoverish a nation. This debt does have to be paid back when the population growth stabilizes and technology no longer provides enough productivity to overcome the reduction in population. You need only look at Japan to see our future.
It is unconscionable for economists to promote the Weimar and Zimbabwe economic systems on America. We know what the end result is, presenting it as sage advice is criminal.”
456098405602600590456012 on Apr 24, 2013 at 12:08:20
“"The US government is borrowing $1 trillion a year and the only way to pay that debt is to print money or raise taxes."
Or we could just institute that war tax we should have 11 years ago. Also, we could close the loopholes that allow corps to pay no tax. And if only the government printed the money. Banks print it and lend it to the government with debt attached. I could go on, but it will never change the fact that we have become a plutocracy, which you seem not to care at all.”
Gurus4You on Apr 24, 2013 at 11:44:30
“Well said - It's always nice to read informed postings and not the raving lunacy from the uninformed”
Ken from KY on Apr 24, 2013 at 11:41:41
“Do you think it may be okay to borrow a few dollars to help the folks in West, TX?”
“It's a White House White Wash, not an investigation. Does anyone seriously believe that major political campaign donors will get punished? During the S & L crisis, nearly 1,000 bankers went to jail and in a crisis that saw 10 million families lose their homes, almost no one has gone to jail. It's clear give big money to a Presidential campaign and you get a "get out of jail free card." These people represent the new ruling class in America where we have two laws, one for the serfs and one for wealthy. Electing new Republicans or Democrats will not change this, only by replacing the corporate shills in Washington can we bring real reform.”
“I am sure they are using Chromium as well as other minerals from Africa but rare Earth's come from China and they are used in the batteries as well as other components. Almost all cell phones are made in China now because China restricts the export of rare Earths.”
“We were discussing rare Earth minerals. They come from China.”
Polar Shift on Apr 22, 2013 at 15:17:04
“Michael, What's the mineral that comes from Africa? I read about it a few years ago, and can't remember the name. I am off to go googling, but I am sure it is used in cellphones. I thought they were assembled in China, not that they were composed of minerals mined there.”
“Seriously? We need 2 tons of rare earth metals per wind turbine to make them efficient. We have them in California but if we take them out of the ground we will cause massive environmental damage. At least do a little reading.”
Polar Shift on Apr 19, 2013 at 23:49:16
“Michael, I shall. However, I still see wind as viable, as do many others. WHAT specific metals, BTW? We use more of these bad elements in I phones!”
“We don't make wind turbines because we do not have rare earth metals. Further, wind cannot be produced everywhere and we do not have a DC grid. Just look up Harlingen, T where 200 windmills sit idle because there is no grid.”
Polar Shift on Apr 19, 2013 at 22:57:54
“Michael, ALL surmountable as Europe has proven. We built windmills out of WOOD for goodness sake! Wind and wave are BOTH viable, and even in this country has proven useful. We have them in Ca. for the last 20 years or more. Meanwhile, we allow the oil companies to pump our oil without a tax!”
“Much of it has to do with the installed infrastructure. Societies are very slow to abandon built things, we just have to wait for the cost numbers to get better, or change the government. :-)”
Polar Shift on Apr 19, 2013 at 17:59:56
“Michael, Wind energy hooks up easily to our current grid, and solar as well. Currently, green tech is still more expensive in buildings, but is dropping every day. As for infrastructure, ours needs updating anyway. Hasn't been touched in over 50 years, as proven by all the old sewer pipes, water mains, etc. We need to bury our power lines as well, to protect them from the coming larger storms we will face. We need to rebuild the levee systems, and start building sea wall in major port areas as well. The seas ARE rising, and will continue for another 75 years AT LEAST.”
“The alternative is to build a refinery in Canada and ship the finished products by pipeline to the ports. This is obviously more expensive and instead of having one pipeline, you have many. Ships sink, trucks crash, and pipelines burst; there will never be a riskless system for fuel transportation. We have to make compromises because we do not have cheap rare earths in America, nobody wants to deal with the pollution generated when processing rare earths and solar cells, and nuclear waste is worse. It's easy to say let's stop using fossil fuels but unless we end capitalism, it will cost the poor an outrageous sum further impoverishing them. They won't care about the climate, only their empty bellies.”
Polar Shift on Apr 19, 2013 at 17:09:48
“Michael, I don't disagree with your analysis. Profit-mentality is at the root of why solar isn't more prevalent, or wind energy . A virtually FREE energy system has always been possible, but the oil and gas industries as well as coal have gotten in the way of that total transition. We already have all the technology we need to do this, not to mention saving petroleum for things that other forms of energy cannot replace. Even THAT is disappearing as an excuse. Total recycling of current plastics could make THAT use of petroleum obsolete as well. Monsanto should be using their GM for biofuels instead of food. It isn't good to eat, but it would make good fuel. GM food is poison, which is why they don't want to label it. They've lost their markets in Europe. But then, Europe is ahead of us that way and don't let greed control EVERYTHING.”
“And, they were not military targets, they were civilian targets designed to destroy the will of the Japanese people. Yes, we were at war but we used terror against a civilian population. Did the Japanese do it as well, of course but we are not the Japanese.”
“Then based on your definition, the nuclear bombing of Nagasaki and Hiroshima were terrorism.”
KurtinSC on Apr 18, 2013 at 21:05:02
“That's a borderline true statement.
Using a nuclear weapon is by nature a broad strok that while it might hit military targets is guaranteed to cause civilian devastation. Large scale carpet bombing (like Dresden) that were very... loosely... targeted are also in the same gray area.
We were actually doing "incendiary" raids against japan that were very loosely targeted with the hopes of destroying industry. They caused a lot of civilian devastation... but the argument COULD be made that we were trying to hit military targets.
The city choiced were in fact based on military use. The 4 targets chosen were Kokura (site of munitions manufacturing), Hiroshima (Industrial site and military headquarters), Niiganata (main port and industrial site) and Kyoto (industrial). Nagasaki (sea port) replaced Kyoto on the list due to the cultural significance of Kyoto later.
But they did know the civilian devastation that would go with it. It's borderline.”
Richard Donovan on Apr 18, 2013 at 17:19:18
greatlakes1 on Apr 18, 2013 at 17:14:40
“As well as all the fire bombing raids that were carried out on Japanese cities before the nukes were even dropped.”
“The Catholic Church is entitled to its own opinions but not its own laws. As a lay employee her contract is subject to the same laws as everyone else. The church will lose on this one an if it refuses to allow gay employees, it should lose its tax-exempt status.”
nohpiano on Apr 18, 2013 at 16:00:44
“Yes, I am sorry to say that the law will not apply because it is a "religious organization" and therefore not subject to laws that have common human decency at their foundation. IT sure is a nice thought , though, that the Diocese could lose this, even if they can't because of the separation clause.......My partner was fired from a religious college after 16 years of teaching, when he got divorced and came out. He was gone in 20 minutes flat. There was no recourse.”
Jason N on Apr 18, 2013 at 15:47:48
“The SCOUTS just ruled on this less than 2 years ago. The school is well within their rights to fire her. I don't agree, but that's what the law says.”
EscherEnigma on Apr 18, 2013 at 15:18:31
“Doubt they'll lose. I haven't heard about any cases of a Catholic School firing someone go all the way to the Supreme Court, but I have heard about them going to State Supreme Courts and every time the answer is "well, yeah, they're Catholic. They can totally fire you for that."”
“That's a crock. Why not point to the obvious. We gave $2 trillion to banks to buy up bad mortgages instead of giving $2 trillion to home owners to pay off their mortgages and repay the banks. That would have created a huge boon to the economy and mild inflation. The other problem is that free-trade has eviscerated the manufacturing sector at the same time we began to automate the service sector. The rest is just noise.”
devondx on Apr 17, 2013 at 19:39:15
“pay homeowners?....i thought the same thing,,,but the GOP line is the governmentforced those poor banks to make bad loans and crafty home buyers took advantage of naive bankers...”