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  1. #1
    xxDoLLarBiLLxx is offline Senior Member Community Builder
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    Exclamation I.O.U.S.A: The Monumental Crisis

    It’s too bad that most Americans will not view the film I.O.U.S.A. before they vote the next big spenders into office. They might understand the near-future Super Crisis looming over our heads threatening to drown our nation. It will affect our children, grandchildren and future generations.

    (Watch Trailer: www.iousathemovie.com/)

    The self-explanatory documentary is a hard and fast roller-coaster ride without pause to catch one’s breath. After the ride we left the theater numb and shaky.

    It is the Super Crisis no one in Washington wants to address. The present campaigning bunch are not even close to it. Though always present, it is the Mammoth in the Capitol — the National Debt. All other crises, past and present, are connected to the National Debt through Congress, presidential administrations and the Federal Reserve.

    You might ask what about all those crises and reforms: Health Care and Medicare, Social Security, Education, Welfare, Taxes, Illegal Immigration, Wars, Foreign Aid and the latest, Global Warming and Energy? They’re all interconnected and add up to unfunded near-future liabilities of $53 trillion-plus.

    “We the People” are the introductory words to the U.S. Constitution. Former U.S. Comptroller David Walker emphasized these three little words in his remarks to the audience during the live I.O.U.S.A. panel discussion broadcast from Omaha, Nebraska to 400 theaters nationwide.

    Peter Peterson (Peter G. Peterson Foundation) and CEO David Walker think that it is time to tell “we the people” what the future will be. If we don’t educate ourselves and discern the discrepancies and lack of spending prudence in our Congress, we will not understand when the roller coaster track is pulled out from under us.

    Our federal government’s past monetary, economic and budgetary policies have been disastrous and caused the United States’ fall from Number One to the bottom on the list of nations. The strength and greatness of our nation has taken the path of the Roman Empire — we all know what happened to that empire.

    Peterson and Walker’s “Wake Up America” message is like Cicero’s warning to Rome in 65 BC:

    “The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work,
    instead of living on public assistance.”

    I ponder that while Americans struggle and cut their budgets to the minimum to make it — what shows of faith and prudence are federal government agencies and departments exhibiting in cutbacks and lowering their expenditures?

    Facts do not lie. Yet our politicians and we the people are for the most part ignoring this mammoth in the Capitol.

    Walker also emphasized that just as the federal government has failed, we the people also have failed. To hold no spending-budget standards for our representatives in Washington has led to a debauched unconstitutional governance making a mockery of the founding fathers and America’s once upheld U.S. Constitution.

    The message is sobering. Citizens have been lured into believing that the federal government can provide everything and fix anything. Neither one has proven to be the case. We have lost not only our self reliance, but we no longer hold to any high moral standards.

    As Walker pointed out, “the government has no money of its own.” It has to collect it from you and me. If they overspend, those unpaid expenditures are added to the National Debt and it is “we the people” who will pay the Debt.

    Americans are also the lowest saving people in the world. With so much abundance, we save less than one percent, if that, of income. We have forgotten how to sacrifice for our future. “Overspending” and living with no thought about tomorrow, we have all forgotten Saving, Saving, Saving.

    There is no doubt that every American should see I.O.U.S.A. which might wake us up from our consumer-materialistic stupor. The solutions are not so obvious — except on our end of the power spectrum. A few suggestions:

    ** Set your computers up to send e-mails monthly to your representatives in Washington.
    ** Write letters to local papers.
    ** Get out of Debt and Save!

    It remains to be seen if “we the people” have the guts, not only to enter this fight to retain our freedom and liberty, but seek to live up to those higher standards of morality and values that once made America Great.
    Man O Man, what has happened to our once great Country. We consume more than we produce. We borrow 22 cents on every 1 dollar that we spend. last year around this time, the national debt was 8.7 trillion dollars, now it's 9.5 trillion dollars. And it keeps on expending by the seconds.

    Neither Candidate will help you, Obama was to spend like crazy with no restraint, few people dare mention is 850 billion dollar poverty that is soon to make its way in the senate. Not to mention Obama's numerous acquaintances who are avid supporters for Slavery reparations which would further handicap the country. who do you think will have to pay it? You the taxpayer.

    McCain wants to tax the middle class and cut taxes for rich folks. McCain wants to further expand the military whose budget is more than half that of the rest of the world combined. Not to mention that he's a warmonger who just might push for a all out war with Russia. Don't forget that his campaign adviser received 900K from Georgian Lobbyist.(who do you think will have to pay for it? You! the taxpayer).

    The more i take a closer look at both candidates the more worried i become. Both candidates are terrible for well being of the Country. And when you have to choose between the Lesser of two evils, dont forget that the one that you picked is still evil.

  2. #2
    Terasiel is offline Senior Member Community Builder
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    My biggest question is still the obvious: By the time I'm 30, should I move to Canada or not? It's not looking like living in America is such a good thing anymore.

    Quote Originally Posted by xxDoLLarBiLLxx View Post
    Not to mention Obama's numerous acquaintances who are avid supporters for Slavery reparations which would further handicap the country. who do you think will have to pay it? You the taxpayer.
    Well that's a reaction I wasn't expecting to such an act. Not that I don't agree, just usually people would never say anything against reparations.

  3. #3
    xxDoLLarBiLLxx is offline Senior Member Community Builder
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    Quote Originally Posted by Terasiel View Post
    My biggest question is still the obvious: By the time I'm 30, should I move to Canada or not? It's not looking like living in America is such a good thing anymore.



    Well that's a reaction I wasn't expecting to such an act. Not that I don't agree, just usually people would never say anything against reparations.
    Look man, I'm black and i'm against slavery reparations. Slavery Reparations will further put a strain on race relations. Slavery happened 200 years ago, and really came to an halt some 45 years ago. I hate when i hear black people blame white people for everything that goes wrong with them. The best way to avoid poverty is EDUCATION. And not continuing your education, going to work a regular 9-5, where u earn less than 30,000 a year and you go cry POVERTY and application for WELFARE.
    SO YES i'm against Slavery reparations.

    But besides that point, Wasnt the government suppose to manage the country? why are they one destroying it? Why is the executive so bent on getting more power, thus negating the Congress and Judicial department? Why is nobody mentioning that the current Executive Branch(Bush Admin) has more power than any other administration?
    Why is the debt skyrocketing? Why are we letting foreign companies buy US Road and US bridges? Why are we letting foreign companies buy Symbolic US buildings like the Chrysler Building? Why are borrowing money from China to fight a war in Iraq?

  4. #4
    Saizou is offline Senior Member Always Around
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    Quote Originally Posted by xxDoLLarBiLLxx View Post
    Look man, I'm black and i'm against slavery reparations. Slavery Reparations will further put a strain on race relations. Slavery happened 200 years ago, and really came to an halt some 45 years ago. I hate when i hear black people blame white people for everything that goes wrong with them. The best way to avoid poverty is EDUCATION. And not continuing your education, going to work a regular 9-5, where u earn less than 30,000 a year and you go cry POVERTY and application for WELFARE.
    SO YES i'm against Slavery reparations.

    But besides that point, Wasnt the government suppose to manage the country? why are they one destroying it? Why is the executive so bent on getting more power, thus negating the Congress and Judicial department? Why is nobody mentioning that the current Executive Branch(Bush Admin) has more power than any other administration?
    Why is the debt skyrocketing? Why are we letting foreign companies buy US Road and US bridges? Why are we letting foreign companies buy Symbolic US buildings like the Chrysler Building? Why are borrowing money from China to fight a war in Iraq?
    Do you have any evidence that Obama himself supports slavery reparations? Or even that he would spend like crazy?

    Obama's economic plan generally seems solid. Elementary Keynesian theory tells that you're actually supposed to lower taxes for the regular people in a recession. Obama intends to do that while hiking taxes on the really rich, and cutting spending (for example by pulling out from Iraq, one of the biggest single expenses of the US government). Which basically is what you're supposed to do in the situation the US economy is in.

  5. #5
    xxDoLLarBiLLxx is offline Senior Member Community Builder
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    Quote Originally Posted by Saizou View Post
    Do you have any evidence that Obama himself supports slavery reparations? Or even that he would spend like crazy?

    Obama's economic plan generally seems solid. Elementary Keynesian theory tells that you're actually supposed to lower taxes for the regular people in a recession. Obama intends to do that while hiking taxes on the really rich, and cutting spending (for example by pulling out from Iraq, one of the biggest single expenses of the US government). Which basically is what you're supposed to do in the situation the US economy is in.
    really? Man you should inform yourself on both McCain and Obama. I was an avid supporter of Obama until a month ago when i learned about him and also on McCain. I myself am hurrying to finish college so i can start working and save money and change it into Euros.
    Have you taken a closer look at Obama and McCain's advisors?? yes you should do because once you find out who are the people behind them, it will scare you and you'd wish that you were a old man who only had 5-10 years left to live than a 15-20 year old who still about a good 50 years old left to live and will suffer the repercussions of the actions of our "politicians".

  6. #6
    Saizou is offline Senior Member Always Around
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    Quote Originally Posted by xxDoLLarBiLLxx View Post
    really? Man you should inform yourself on both McCain and Obama. I was an avid supporter of Obama until a month ago when i learned about him and also on McCain. I myself am hurrying to finish college so i can start working and save money and change it into Euros.
    Have you taken a closer look at Obama and McCain's advisors?? yes you should do because once you find out who are the people behind them, it will scare you and you'd wish that you were a old man who only had 5-10 years left to live than a 15-20 year old who still about a good 50 years old left to live and will suffer the repercussions of the actions of our "politicians".
    Look, I asked for actual reasons why you think that Obama actually will go around spending like a drunken pirate. That means that I expect something of a little more substance than "man, get informed". That kind of reply tells me nothing. So please do furnish me with some evidence and arguments instead.

    And frankly I don't give a good goddamn what Obama's advisors think because they are not the ones who will make the calls. Why do you assume that a candidate automatically would share the opinion of some of his advisors on the issue of slavery reparations?

    And furthermore, what kind of reparations are we talking about?

  7. #7
    morten is offline Senior Member Community Builder
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    Quote Originally Posted by Terasiel View Post
    My biggest question is still the obvious: By the time I'm 30, should I move to Canada or not? It's not looking like living in America is such a good thing anymore.
    That's what actually bothers me. Will we have a lot of american refugees coming to europe in the near future, because their debts to pay are too big?

    Well, I was critical with Obama cause he didn't seem to have that much political substance. But he seems like the better alternative to some fiscal conservative making more and more debts for future generations. He should better have some good advisiors to get america out of it's very huge problems...
    And that slavery payment sounds just like the bullshit republicans would spread to make some bad rumours. They wanna build up the picture of "Obama, the irrational tax-raiser" now. Connections to the black community aren't so solid. Saw that Jesse Jackson wanna cut his nuts off...

  8. #8
    echoblaze is offline Senior Member Community Builder
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    i remember martyr saying something like if the debt becomes unmanageable, the States can just tell its lenders to screw off and isolate itself, and no one will bother the States because of its superior firepower.

    i'm not sure if this is something all conservatives believe, or if it was just martyr.

  9. #9
    xxDoLLarBiLLxx is offline Senior Member Community Builder
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    Quote Originally Posted by echoblaze View Post
    i remember martyr saying something like if the debt becomes unmanageable, the States can just tell its lenders to screw off and isolate itself, and no one will bother the States because of its superior firepower.

    i'm not sure if this is something all conservatives believe, or if it was just martyr.
    That's the thing conservatives are too easily fooled. They are more like a cult rather than people with intellectual views. Conservatives don't really care about the imminent crisis facing us, they only cared about whether their values or short sighted views will be preserved by the candidate(usually republican) or their choosing. I willing to bet that conservatives wouldn't compromise their far right views even if it would help the economy.

    @Saizou
    the thing is, Obama is still the better candidate of the two. Even if he'd like to spend more but McCain's neo-conservative ways will be more terrible for teh economy.

    Do you guys know that we are a country running on credit? and no politician wanna tackle the issue of Balancing the budget because that would mean cutting back the military budget and halt its evergrowing expansion. We have about a military base in 125 countries and who do you think is paying for the 150,000+ private mercenaries in Iraq right now?

  10. #10
    Saizou is offline Senior Member Always Around
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    Quote Originally Posted by echoblaze View Post
    i remember martyr saying something like if the debt becomes unmanageable, the States can just tell its lenders to screw off and isolate itself, and no one will bother the States because of its superior firepower.

    i'm not sure if this is something all conservatives believe, or if it was just martyr.
    Well sure, the US could default on their debts. But that would also ensure that nobody would lend them any money for a damn long time, probably coupled with massive trade sanctions from the countries that suddenly find themselves stuck with the bad debt. And despite what some people believe the US isn't economically self-sufficient, not by a long stretch.

    So yes, the US could do that, but the consequences would cripple both their economy, and also drag a large part of the world economy down with it.

    Quote Originally Posted by xxDoLLarBiLLxx
    the thing is, Obama is still the better candidate of the two. Even if he'd like to spend more but McCain's neo-conservative ways will be more terrible for teh economy.
    Yes, I already knew, which is why I didn't ask you to tell me that. I asked you what reason you have to assume that Obama's economic policies would wreck the economy. You still haven't given me any arguments or evidence, so I have to reiterate my question: What reason do you have for your assumption that Obama's economic plans would lead to, as you put it, "spending without restraint", and a net increase in the national debt?

 

 
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