quote:

ORIGINAL: MarkfromHouston

Oh, just one more thought...since we were taken off the gold standard here in the USA back in the 70's what do you think our currency is currently backed by? Dirty secret, it is backed by oil. That is correct, the US Dollar is the only currency currently accepted in the world markets to buy and sell oil as a commodity. If we do not start drilling soon other nations will change that for us, without our approval. If the Chinese Yuan is the curreny that is accepted world wide to buy and sell oil and gas, how much do you think our dollars will be worth? We owe so much money now that we cannot possibly pay off the national debt and our government officials are bickering over infinitessimal cuts.

Imagine that you have a monthly budget of $3,830.00 USD and you are currently having to borrow $1,750.00 USD each month from friends and neighbors. If you go to your household and tell the members of the house that the economy is tough and you have to make some drastic cuts and you have to get spending under control and you have decided to stop buying pay per view movies on cable so that you can balance the budget by saving $38.30 a month, how long do you think your friends and neighbors will continue to loan you money?

That is what our brilliant leaders have done, our budget for the fiscal year 2011 which runs from October 2010 to September 2011 is $3,830,000,000,000.00 and they cut $38,300,000,000.00 that leaves us borrowing still at an anual rate of $1,750,000,000,000.00 per year and the interest is over $4,000,000,000.00 per DAY! We cannot do this any longer. Give up the idea of government health care, welfare, food stamps, medicare and medicaid and social security and anything else that is not directly related to national defense, (we are going to definitely need national defense when the world realizes we are broke and comes to collect the debt) and start selling off all federal real estate that is not a necessary office building. No more yellowstone park unless the siera club wants to buy it. No more endless tracts of millions of acres in every state in the western USA, sell it off and pay the debt.

quote:

ORIGINAL: pahunkboy

Europeans tho-= do not exchange the tire air- summer air- and winter air.  Hence the US is more efficient.

quote:

ORIGINAL: slvemike4u

quote:

ORIGINAL: pahunkboy

Europeans tho-= do not exchange the tire air- summer air- and winter air.  Hence the US is more efficient.

I can not recall the last time I changed my "summer air" or my "winter-air"...perhaps that is just something they do up round your way 

quote:

ORIGINAL: Lucylastic

quote:

ORIGINAL: MarkfromHouston

Oh, just one more thought...since we were taken off the gold standard here in the USA back in the 70's what do you think our currency is currently backed by? Dirty secret, it is backed by oil. That is correct, the US Dollar is the only currency currently accepted in the world markets to buy and sell oil as a commodity. If we do not start drilling soon other nations will change that for us, without our approval. If the Chinese Yuan is the curreny that is accepted world wide to buy and sell oil and gas, how much do you think our dollars will be worth? We owe so much money now that we cannot possibly pay off the national debt and our government officials are bickering over infinitessimal cuts.

Imagine that you have a monthly budget of $3,830.00 USD and you are currently having to borrow $1,750.00 USD each month from friends and neighbors. If you go to your household and tell the members of the house that the economy is tough and you have to make some drastic cuts and you have to get spending under control and you have decided to stop buying pay per view movies on cable so that you can balance the budget by saving $38.30 a month, how long do you think your friends and neighbors will continue to loan you money?

That is what our brilliant leaders have done, our budget for the fiscal year 2011 which runs from October 2010 to September 2011 is $3,830,000,000,000.00 and they cut $38,300,000,000.00 that leaves us borrowing still at an anual rate of $1,750,000,000,000.00 per year and the interest is over $4,000,000,000.00 per DAY! We cannot do this any longer. Give up the idea of government health care, welfare, food stamps, medicare and medicaid and social security and anything else that is not directly related to national defense, (we are going to definitely need national defense when the world realizes we are broke and comes to collect the debt) and start selling off all federal real estate that is not a necessary office building. No more yellowstone park unless the siera club wants to buy it. No more endless tracts of millions of acres in every state in the western USA, sell it off and pay the debt.

You forgot cutting the NEA and PP oh and NPR

quote:

ORIGINAL: MarkfromHouston

Oh, just one more thought...since we were taken off the gold standard here in the USA back in the 70's what do you think our currency is currently backed by? Dirty secret, it is backed by oil. That is correct, the US Dollar is the only currency currently accepted in the world markets to buy and sell oil as a commodity. If we do not start drilling soon other nations will change that for us, without our approval. If the Chinese Yuan is the curreny that is accepted world wide to buy and sell oil and gas, how much do you think our dollars will be worth? We owe so much money now that we cannot possibly pay off the national debt and our government officials are bickering over infinitessimal cuts.

Imagine that you have a monthly budget of $3,830.00 USD and you are currently having to borrow $1,750.00 USD each month from friends and neighbors. If you go to your household and tell the members of the house that the economy is tough and you have to make some drastic cuts and you have to get spending under control and you have decided to stop buying pay per view movies on cable so that you can balance the budget by saving $38.30 a month, how long do you think your friends and neighbors will continue to loan you money?

That is what our brilliant leaders have done, our budget for the fiscal year 2011 which runs from October 2010 to September 2011 is $3,830,000,000,000.00 and they cut $38,300,000,000.00 that leaves us borrowing still at an anual rate of $1,750,000,000,000.00 per year and the interest is over $4,000,000,000.00 per DAY! We cannot do this any longer. Give up the idea of government health care, welfare, food stamps, medicare and medicaid and social security and anything else that is not directly related to national defense, (we are going to definitely need national defense when the world realizes we are broke and comes to collect the debt) and start selling off all federal real estate that is not a necessary office building. No more yellowstone park unless the siera club wants to buy it. No more endless tracts of millions of acres in every state in the western USA, sell it off and pay the debt.

quote:

ORIGINAL: slvemike4u

quote:

ORIGINAL: pahunkboy

Europeans tho-= do not exchange the tire air- summer air- and winter air.  Hence the US is more efficient.

I can not recall the last time I changed my "summer air" or my "winter-air"...perhaps that is just something they do up round your way 

quote:

ORIGINAL: slvemike4u

quote:

ORIGINAL: MarkfromHouston

I see comments on how there need to be incentives on electric cars...where does electricity come from? It is generated by gas, oil, coal, and nuclear energy for over 97% of the energy generated in the USA. If you want to see lower fuel prices which are directly linked to a healthy economy, then you must open up ANWAR and the Gulf of Mexico to drilling. You must lift the EPA restrictions on building new oil refineries in the USA and you must not take the incentive for investment in oil and gas exploration (profit) away from the oil companies by taxing the soup out of them.

You want your stupid little electric car? Fine, do not expect the rest of us to want this assinine piece of crap.

This would be comical,if it weren't so sad.Your answer is to double down on what we know is a failed strategy?
Why ? Why tie the future to an energy source we know is finite...and we know that as a finite material the price will just continue to rise as the demand(Emerging economies) rises.
Than to top it off you suggest we should further enrich the oil companies in the form of more or continued tax incentives.Tell me something once we have decided that GE doesn't have to pay taxes,Oil Co's, need not pay taxes.....the rich should not be burdened too harshly.....who,do you figure is left?
The middle class is rapidly evaporating....and the poor....well they simply have no means to do so.
So who will,in your scenario actually pay taxes ?

quote:

ORIGINAL: pahunkboy

quote:

ORIGINAL: MarkfromHouston

Oh, just one more thought...since we were taken off the gold standard here in the USA back in the 70's what do you think our currency is currently backed by? Dirty secret, it is backed by oil. That is correct, the US Dollar is the only currency currently accepted in the world markets to buy and sell oil as a commodity. If we do not start drilling soon other nations will change that for us, without our approval. If the Chinese Yuan is the curreny that is accepted world wide to buy and sell oil and gas, how much do you think our dollars will be worth? We owe so much money now that we cannot possibly pay off the national debt and our government officials are bickering over infinitessimal cuts.

Imagine that you have a monthly budget of $3,830.00 USD and you are currently having to borrow $1,750.00 USD each month from friends and neighbors. If you go to your household and tell the members of the house that the economy is tough and you have to make some drastic cuts and you have to get spending under control and you have decided to stop buying pay per view movies on cable so that you can balance the budget by saving $38.30 a month, how long do you think your friends and neighbors will continue to loan you money?

That is what our brilliant leaders have done, our budget for the fiscal year 2011 which runs from October 2010 to September 2011 is $3,830,000,000,000.00 and they cut $38,300,000,000.00 that leaves us borrowing still at an anual rate of $1,750,000,000,000.00 per year and the interest is over $4,000,000,000.00 per DAY! We cannot do this any longer. Give up the idea of government health care, welfare, food stamps, medicare and medicaid and social security and anything else that is not directly related to national defense, (we are going to definitely need national defense when the world realizes we are broke and comes to collect the debt) and start selling off all federal real estate that is not a necessary office building. No more yellowstone park unless the siera club wants to buy it. No more endless tracts of millions of acres in every state in the western USA, sell it off and pay the debt.

...ok- lets suppose I can pay one of my bills with an ounce of silver.  Would I give them the silver or federal reserve notes?    I would give them FRNS for as long as I could get away with it.

Same deal on how these broke countries all buy each others bonds.   Japan is both rich and poor-  broke countries own our debt - why?

They could keep the scheme going maybe 10 more years....   or maybe 10 more days.. pick one-  the markets will.

quote:

ORIGINAL: pahunkboy

...the same amount of silver will buy the same gas it did 40 years ago...  maybe more. 

quote:

ORIGINAL: MarkfromHouston


We have over 150 years of known reserves in the USA, there are well over 500 years of suspected oil reserves in lightly explored areas. If you give me 150 years of oil to power the economy I can guarantee that we will find better ways of transportation and energy production as time goes by, if you do not do this then what I can also guarantee you with 100% certainty is that there will be no USA in 100 years.

If you hate big companies so much that you want to break the economy, there is little that can be done to show you where you are wrong. I will say this, if I have to make a choice on doing work for a rich person or doing work for a poor person, I will choose the rich one every time because I like to be paid for my labors. I have been a succesful business owner for more than 20 years, I have been in the transportation industry as well as oil and gas for almost all of my adult life and I can tell you that w rich oil company is much better than a broke oil company.

While we are at it let me give you this little hint on our economic situation. If we taxed every single penny of our GDP ( the entire earnings of every company in the USA) we could not balance the budget, we are spending over 100% of our GDP now for these idiotic give away programs. People need to be responsible for themselves, or starve to death, life is hard and cold in the big city people, buck up and make your own way and see how great it feels to be independent and self sufficient and not in debt.

I know most people think that taxing the rich and the big corporations is what is needed to fix the problem, but most people simply do not understand that if we took every single penny that every business and every individual earned ( and that means your money too, and no one wants that) we would still have to borrow over a trillion a year.

You tell me what will work. Cut everything or steal every penny earned? I know when you come to get mine you will need to be very well armed and I would think there are a lot more like me than you want to think. I own a business, I pay more taxes than you can imagine, My business operates almost 8 months out of the year to pay all the tax burden that is on it now, would you have me work nine? Ten? When is it too much? I know. When it is your money they take it will be too much.

quote:

ORIGINAL: slvemike4u

quote:

ORIGINAL: MarkfromHouston

quote:

ORIGINAL: slvemike4u

quote:

ORIGINAL: MarkfromHouston

I see comments on how there need to be incentives on electric cars...where does electricity come from? It is generated by gas, oil, coal, and nuclear energy for over 97% of the energy generated in the USA. If you want to see lower fuel prices which are directly linked to a healthy economy, then you must open up ANWAR and the Gulf of Mexico to drilling. You must lift the EPA restrictions on building new oil refineries in the USA and you must not take the incentive for investment in oil and gas exploration (profit) away from the oil companies by taxing the soup out of them.

You want your stupid little electric car? Fine, do not expect the rest of us to want this assinine piece of crap.

This would be comical,if it weren't so sad.Your answer is to double down on what we know is a failed strategy?
Why ? Why tie the future to an energy source we know is finite...and we know that as a finite material the price will just continue to rise as the demand(Emerging economies) rises.
Than to top it off you suggest we should further enrich the oil companies in the form of more or continued tax incentives.Tell me something once we have decided that GE doesn't have to pay taxes,Oil Co's, need not pay taxes.....the rich should not be burdened too harshly.....who,do you figure is left?
The middle class is rapidly evaporating....and the poor....well they simply have no means to do so.
So who will,in your scenario actually pay taxes ?

We have over 150 years of known reserves in the USA, there are well over 500 years of suspected oil reserves in lightly explored areas. If you give me 150 years of oil to power the economy I can guarantee that we will find better ways of transportation and energy production as time goes by, if you do not do this then what I can also guarantee you with 100% certainty is that there will be no USA in 100 years.

If you hate big companies so much that you want to break the economy, there is little that can be done to show you where you are wrong. I will say this, if I have to make a choice on doing work for a rich person or doing work for a poor person, I will choose the rich one every time because I like to be paid for my labors. I have been a succesful business owner for more than 20 years, I have been in the transportation industry as well as oil and gas for almost all of my adult life and I can tell you that w rich oil company is much better than a broke oil company.

While we are at it let me give you this little hint on our economic situation. If we taxed every single penny of our GDP ( the entire earnings of every company in the USA) we could not balance the budget, we are spending over 100% of our GDP now for these idiotic give away programs. People need to be responsible for themselves, or starve to death, life is hard and cold in the big city people, buck up and make your own way and see how great it feels to be independent and self sufficient and not in debt.

I know most people think that taxing the rich and the big corporations is what is needed to fix the problem, but most people simply do not understand that if we took every single penny that every business and every individual earned ( and that means your money too, and no one wants that) we would still have to borrow over a trillion a year.

You tell me what will work. Cut everything or steal every penny earned? I know when you come to get mine you will need to be very well armed and I would think there are a lot more like me than you want to think. I own a business, I pay more taxes than you can imagine, My business operates almost 8 months out of the year to pay all the tax burden that is on it now, would you have me work nine? Ten? When is it too much? I know. When it is your money they take it will be too much.

My best advice to all involved would be to pay no attention at all to nit-wits whose grasp on reality would seem shaky at best.
Now I'm not suggesting that this is you....all I'm going to say is that if your business need operate for 8 months just to cover your tax bill......you are a)in the wrong business b) not a very good businessman c) completely full of shit...or d) a little bit of all of the above.
Other than that.....have a nice night.

quote:

ORIGINAL: rulemylife

quote:

ORIGINAL: MarkfromHouston


We have over 150 years of known reserves in the USA, there are well over 500 years of suspected oil reserves in lightly explored areas. If you give me 150 years of oil to power the economy I can guarantee that we will find better ways of transportation and energy production as time goes by, if you do not do this then what I can also guarantee you with 100% certainty is that there will be no USA in 100 years.

If you hate big companies so much that you want to break the economy, there is little that can be done to show you where you are wrong. I will say this, if I have to make a choice on doing work for a rich person or doing work for a poor person, I will choose the rich one every time because I like to be paid for my labors. I have been a succesful business owner for more than 20 years, I have been in the transportation industry as well as oil and gas for almost all of my adult life and I can tell you that w rich oil company is much better than a broke oil company.

While we are at it let me give you this little hint on our economic situation. If we taxed every single penny of our GDP ( the entire earnings of every company in the USA) we could not balance the budget, we are spending over 100% of our GDP now for these idiotic give away programs. People need to be responsible for themselves, or starve to death, life is hard and cold in the big city people, buck up and make your own way and see how great it feels to be independent and self sufficient and not in debt.

I know most people think that taxing the rich and the big corporations is what is needed to fix the problem, but most people simply do not understand that if we took every single penny that every business and every individual earned ( and that means your money too, and no one wants that) we would still have to borrow over a trillion a year.

You tell me what will work. Cut everything or steal every penny earned? I know when you come to get mine you will need to be very well armed and I would think there are a lot more like me than you want to think. I own a business, I pay more taxes than you can imagine, My business operates almost 8 months out of the year to pay all the tax burden that is on it now, would you have me work nine? Ten? When is it too much? I know. When it is your money they take it will be too much.

Do you think it might be possible for you to back up what you are saying in your bullshit rant with some facts?

And I mean real sources.

quote:

ORIGINAL: MarkfromHouston

OK. HERE YOU GO BUCKO.