Free Talk Live - debt

How the US public was defrauded by the hidden cost of the Iraq war

davidfordhere — Tue, 12 Mar 2013 00:37:27 +0000

"When the US invaded Iraq in March 2003, the Bush administration estimated that it would cost $50-60bn to overthrow Saddam Hussein and establish a functioning government. This estimate was catastrophically wrong: the war in Iraq has cost $823.2bn between 2003 and 2011. Some estimates suggesting that it may eventually cost as much as $3.7tn when factoring in the long-term costs of caring for the wounded and the families of those killed."

A brilliant market solution to the student debt crisis

James D. — Mon, 17 Sep 2012 18:46:31 +0000

A brilliant market solution to the "student debt crisis." People volunteer time and others donate money to pay down their debts. A solution that doesn't involve the government just giving people money after they were fiscally irresponsible.

A visualization of US debt stacked in 100 dollar bills

XD45 — Sun, 24 Jul 2011 12:28:57 +0000

A visualization of US debt stacked in 100 dollar bills

IMF bombshell: Age of America nears end

sovereignbeing — Mon, 25 Apr 2011 19:46:49 +0000

BOSTON (MarketWatch) — The International Monetary Fund has just dropped a bombshell, and nobody noticed.

For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China.

EU chief warns 'democracy could disappear' in Greece, Spain & Portugal

Deslock Darkstar — Wed, 16 Jun 2010 12:30:30 +0000

Countries in debt may fall to dictators, EC chief warns -- 'Apocalyptic' vision as some states run out of money --- Democracy could ‘collapse’ in Greece, Spain and Portugal unless urgent action is taken to tackle the debt crisis, the head of the European Commission has warned.

Treasury Department sets up Voluntary Tax Website to pay Debt!

Renniks — Fri, 23 Apr 2010 16:53:29 +0000

Want a big federal Government? Have TOO much money? Love taxes? Wish you could pay more? Well now you can via the pay.gov website. The wonderful bureaucrats over at the treasury department are allowing anyone to voluntarily contribute more of their money to help pay for public debt. Now you and all the other blind nationalist sheep can go on bah bah-ing with each other knowing you did all you could to help YOUR government!

Federal Debt to be 90% of US' GDP by 2020

Renniks — Fri, 26 Mar 2010 16:25:56 +0000

President Obama's fiscal 2011 budget will generate nearly $10 trillion in cumulative budget deficits over the next 10 years, $1.2 trillion more than the administration projected, and raise the federal debt to 90 percent of the nation's economic output by 2020, the Congressional Budget Office reported Thursday.

There Is No Keynesian Miracle

RottingNation — Wed, 24 Mar 2010 17:14:15 +0000

Article in Forbes bashes Keynesianism for the fraud that it is: During 2009 there was a lot of smug talk among academic and political liberals of Keynesianism enjoying a triumphant revival. But in the real world of jobs, wages and production--as opposed to the imaginary one of the chattering classes--the evidence shows that John Keynes' notion of being able to spend your way out of recession has not worked this time, if it ever did. It's important to note that ordinary voters are more sharply aware of this idea's failure than are the Western governments that have put their trust in Keynes.