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09-17-2008 #1
Someone predicted this economic collapse A year ago, who?
Originally Posted by sexyshana
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09-17-2008 #2
I agree with what he says about the military and the military budget. But I think that government does need to regulate business. There can be a point where profits from a business cross ethical boundaries and cause harm to the general public. That is why utility companies are regulated. But also in a general sense, domestic entitlement programs are often cost effective. An example would be education. I say the more education is available the better for the general public, as it helps create people who make technological advances, and more productive workers. I could take many programs, and argue that they are actually helping to prevent things which would cost the public more down the line. Or I could argue that the positive results benefit the whole society.
One thing that was not clear to me, until watching the video, is that the government is paying for the war offline, from the budget. So if the military budget is over half the official budget, (per chart linked by Peggy Gee), how much of our total resources are going into war/military related items? Are we really that afraid that another nation is going to get the jump on us? And looking at it that way, is programming that helps poor people that much of a problem? As Hippifried pointed out, the money that poor people get, goes straight back into the economy. That’s the nature of being poor. But what about aid to “The Republic of Georgia”?
So Ron Paul is right on many things, but I believe that his overall philosophy of the government backing out of many of it’s public protective functions, would leave us at the mercy of the whims of large corporations, and the wealthy.
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09-17-2008 #3Ron Paul is right on many things, but I believe that his overall philosophy of the government backing out of many of it’s public protective functions, would leave us at the mercy of the whims of large corporations, and the wealthy.
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09-17-2008 #4Originally Posted by yodajazz
Is the tech R&D money well spent? I dunno, depends on how we see the battlefield of the future, if large direct engagement has fallen out of favor (being replaced by fighting insurgency, asymmetrical warfare etc) it prolly isn't as significant if another nation "gets the jump on us" technologically. But if large direct warfare returns (like fleet actions), then it is a major concern for real reasons. There are 14,000 Russians at the bottom of the sea of Japan because in a fleet engagement their ordnance were a few years (as in literally a few years) older than what their enemies had.
And maybe its easier to withdraw from life
With all of its misery and wretched lies
If we're dead when tomorrow's gone
The Big Machine will just move on
Still we cling afraid we'll fall
Clinging like the memory which haunts us all
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10-13-2008 #5
- Join Date
- Nov 2007
- Posts
- 308
Actually.....
Roubini "predicted it" over 4 years ago.
http://www.rgemonitor.com/index.php
If anyone is seriously interested in the "why's" of this mess, it has little to do with Fannie / Freddie the Dumocrats and republicans. It's a much larger systemic problem...
You can call it "the perfect storm".
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10-13-2008 #6Originally Posted by beandip
Of course it has nothing to do with housing. The symptoms aren't the disease.
"You can pick your friends & you can pick your nose, but you can't wipe your friends off on your saddle."
~ Kinky Friedman ~