tag:blogger.com,1999:blog-6244999628674918029.post4413330153632466342..comments2024-03-28T05:04:12.280-05:00Comments on Bayou Renaissance Man: Debt rears its ugly head, yet againPeterhttp://www.blogger.com/profile/10595089829300831372noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-6244999628674918029.post-54139023641987601712018-01-06T21:22:31.324-06:002018-01-06T21:22:31.324-06:00Cutting out all foreign aid would remove between 1...Cutting out <i>all</i> foreign aid would remove between 1 and 2 percent of the federal budget. And would probably end up creating problems that would cost us more money to solve. I should also note that a lot of that money ends up going to Americans, as it is used to buy food and goods made in America and sent elsewhere.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-3878730665622138982018-01-05T15:37:40.673-06:002018-01-05T15:37:40.673-06:00OK, this is going to be insufferably pedantic, but...OK, this is going to be insufferably pedantic, but "Debt rears its ugly head, yet again" is saying it wasn't there before. <br /><br />Debt has always been there for most of the last century, always growing, its "ugly head" always "reared". It's kind of like economic cancer. <br /><br />SiGraybeardhttps://www.blogger.com/profile/00280583031339062059noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-22699828585923120252018-01-05T13:11:17.669-06:002018-01-05T13:11:17.669-06:00Steve, Dave Ramsey tells people to invest in mutua...Steve, Dave Ramsey tells people to invest in mutual funds... Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-48155986873176083692018-01-05T12:20:20.686-06:002018-01-05T12:20:20.686-06:00We've known, as a nation, that being an oil ex...We've known, as a nation, that being an oil exporter or at least self-sustaining on fossil fuels was the way out of more debt, if not the way out of much debt itself. This was known back in the 70s, but due to environmental forces, we did not become 'energy independent' at the time, and it became more apparent the farther we went.<br /><br />The quadruple whammy of lower taxes, much reduced regulation, new exploration combined with new production on old lands, and new plants (coal, gas, nuclear) will help lower the debt. Now all we have to do is keep the pols from spending the 'savings.'Andrewnoreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-63402405442319416472018-01-05T09:18:09.884-06:002018-01-05T09:18:09.884-06:00So....hm.....my inner ID is becrying the fact that...So....hm.....my inner ID is becrying the fact that I didn't get in on that massive increase in the stock market....seeesh what an idiot.....missed out making money again!!!!<br />But then the Dave Ramsey educated ID quietly says, "go the contrarian way". Yep, that's where I am folks; talking to myself. HEH<br />Actually, I'm old enough now that I've seen booms and busts enough to realize that what goes up; can go down and most likely will.<br />So, my strategy is to continue with paying off debt, sequestering savings in easily moveable financial vehicles and investing in food, lead and water.<br /><br />SteveAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-16744821833540216022018-01-05T07:50:32.074-06:002018-01-05T07:50:32.074-06:00By 2032, each of the following items will individu...By 2032, each of the following items will individually consume over half of all federal spending (assuming no major policy changes): social security, medicare/medicaid, Obummercare, welfare payments, and interest payments on existing federal debt. That's five halves. That which can not continue, must eventually stop.<br /><br />The only way we can survive the debt bubble popping is massive inflation or a debt jubilee. Those two 'solutions' both come with their own set of problems, of course.McChuckhttps://www.blogger.com/profile/10243337792601085456noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-39133184485250836632018-01-05T06:52:57.589-06:002018-01-05T06:52:57.589-06:00how about cutting out foreign aid, which never see...how about cutting out foreign aid, which never seems to go where it was meant to go, unless hidden bank accounts for politicians and their cronies was the original intent.<br />wasn't it 5 Billion to afghanistan last year? where re the hospitals, clinics, infrastructure and schools that should have brought into being?<br /><br />what about our own people and the unaffordable health care?deb harveyhttps://www.blogger.com/profile/05110992898072146282noreply@blogger.com