Gulf States Help Bankroll U.S. Debt

[cfin5]

I sincerely believe... that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale." - Thomas Jefferson

[mcvet]

I don''''t think Kuwait has forgotten what we did for them. I think that is why they are happy to help out american buisness, it makes them money too. The thing that truly annoys me are the chineese products. I try to buy American but its just getting harder and harder. Do we even make anything anymore?


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Posted by cbscrash07 at 08:53 PM : Apr 02, 2008
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RIGHT!! The line for the Kool Aid forms to the right Sparky!! We went to them hat in hand because OUR economic system, a system that had a Balanced Budget and a Surplus when Republican''s came to power, is now in debt to the tune of 9.3 TRILLION Dollars, nearly double what it was when they took over. Oh and GUESS what, that debt cost the Tax Payers 430 BILLION Dollars last year... that''s the Education Budget!! That can only be described as the WORST Management Job done by ANYONE in the history of Man Kind!! Sieg Heil Bush

[mcvet]

The growing percent ownership of our public debt again rings the alarms for effective fiscal discipline.


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Posted by roach9703 at 01:44 PM : Apr 03, 2008
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No it rings bells telling you LOUD and CLEAR that Trickle Down DOES NOT work and that the Free Trade Agreements HURT MILLIONS and MILLIONS of AMERICAN''s who ONCE payed the freight! It''s absolutely NUTS to not understand that IF American''s can NOT provide for themselves and their families, EVERYTHING from there up falls apart!! Our Government negotiated trade agreements to benefit a very few in our nation while stabbing in the back a very solid base from which we had built a great standard of living. That Standard of living has been trashed and the failure of the Banks is futher evidence of that fact.

[roach9703]

The growing percent ownership of our public debt again rings the alarms for effective fiscal discipline.

[forthepeopl1]

The number of new people signing up for unemployment benefits last week shot up to the highest level in more than two years, fresh evidence of the damage to a national economy clobbered by housing, credit and financial crises.

The Labor Department reported Thursday that new applications filed for unemployment insurance jumped by a seasonally adjusted 38,000 to 407,000 for the week ending March 29. The increase left claims at their highest point since Sept. 17, 2005, following the blows of the devastating Gulf Coast hurricanes.

"This report supports the view that the jobs market is deteriorating toward recessionary conditions," said T.J. Marta, a fixed-income strategist at RBC Capital Markets.

The latest snapshot of labor activity was worse than economists had anticipated. They had predicted claims would be much lower, around 365,000.

SO LETS SELL MORE OF AMERICA-CONGRESS GREAT JOB

[skyk-2009]

I feel that if the american people as a whole group are willing to make some scrafices in their personal life then we could get this out soucing under control..As a worker I know if my company willingly put back some of their profit into the company in terms of sick days, profit sharing, 401 matching funds etc then I would be much more likely to give back 100+ in my efforts to see our products out the door in a timely fashion and made with much more pride


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Posted by mama_leisa at 08:14 AM : Apr 03, 2008
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That can''t be done, not with the trade agreements as they are negotiated. There''s no way American Workers can compete with $3.00 a day wages!!

[mama_leisa]

I feel that if the american people as a whole group are willing to make some scrafices in their personal life then we could get this out soucing under control..As a worker I know if my company willingly put back some of their profit into the company in terms of sick days, profit sharing, 401 matching funds etc then I would be much more likely to give back 100+ in my efforts to see our products out the door in a timely fashion and made with much more pride

[brianbwb-2009]

"Kuwait should invest in the US without worry of repayment. If it wasn''''t for the US, Kuwait would be part of Iraq and Sadaam would be spending their riches. I didn''t here that in the interview." Posted by tcjew1

It is not investment if recovery and profit is not expected, then it becomes nothing more than a payoff for an American mercenary action.

Also, the US chose, of Bush Sr.''s own will, to go into Kuwait. I cannot give you something of my own free will, then retroactively ask you to pay for it.

[element51]

Newsterl....I think you are right in your comments. However the sad fact is that our government is controlled by big business and big business is inter-national. The multi-national corporations have a strangle hold on us by way of the lobbiest in Washington and like it or not they call the shots. We have to get used to the idea that we have lost our status in the world and we will never get it back. The neocons who have been in control sold us out and now we don''t have the money to even run this country. We have to borrow from around the world. It''s like running up a big balance on a credit card. Unless you can pay it all off at once you will pay forever. Bush maxed us out and those who we have bailed out now just laugh at us. I never thought I would see this day and it makes me sad. But what can we do? America made its choice in 2000 and 2004 now we must live with it. To all those bush supporters out there, this is not an attack on bush. It is just the facts. You can call me what ever makes you feel better, I really don''t care.

[newsterl]

While I don''''t expect Kuwait to be in debt to us forever, it does seem a little soon for Kuwait to have forgotten about that boot Saddam had up their a$$ that we removed for them.
Posted by Rafterman1

AS USUAL, we foot the world''s wars and bills,send food, aid and all the rest out to everyone with their hands out EXCEPT our own people, and then as usual they forget this and stab us in the back in the end.

We don''t learn, time to yank the apron strings, NO MORE foreign aid to anyone period, no food, oil, nothing until *OUR* people have housing, health care, jobs, OUR roads, bridges , schools and energy problems are fixed, and OUR economy is fixed.

Our trouble is, like dumb sheep we send aid, money and everything else overseas while we do without.

[Syndicate]

I don''t think Kuwait has forgotten what we did for them. I think that is why they are happy to help out american buisness, it makes them money too. The thing that truly annoys me are the chineese products. I try to buy American but its just getting harder and harder. Do we even make anything anymore?

[thinkingmom]

Another great report CBS and Katie Couric.

[rafterman1]

===Kuwait should invest in the US without worry of repayment. If it wasn''''t for the US, Kuwait would be part of Iraq and Sadaam would be spending their riches. I didn''''t here that in the interview.===
Posted by tcjew1

While I don''t expect Kuwait to be in debt to us forever, it does seem a little soon for Kuwait to have forgotten about that boot Saddam had up their a$$ that we removed for them.

[hypnotoad72]

Kuwait should invest in the US without worry of repayment. If it wasn''''t for the US, Kuwait would be part of Iraq and Sadaam would be spending their riches. I didn''''t here that in the interview.

Posted by tcjew1
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B-I-N-G-O.

Additionally, it may have been better for Saddam to have been removed back in 1991 than 2003. There was more support back then; more consistent and larger. (My perception, take it with a grain or two of salt...)

[tcjew1]

Kuwait should invest in the US without worry of repayment. If it wasn''t for the US, Kuwait would be part of Iraq and Sadaam would be spending their riches. I didn''t here that in the interview.