View Single Post
Old 11-06-2005, 07:13 PM   #9 (permalink)
host
Banned
 
Quote:
Originally Posted by cellophanedeity
.......But, I refuse to give any of my money to rebuilding after Katrina.

It seems to me that the U.S. government shouldn't be asking for money. They have so much as it is, and should really be able to deal with stuff like this on their own.

Is this an unfair view? I know many people are suffering, but... I can't help but think that the U.S. is powerful and rich enough to deal with it on their own.
The U.S. government is in the midst of a fiscal and a currency crisis. The government has accrued about $2 trillion in additional debt in less than five years. The official debt total was less than $5.5 trillion USD, at the end of 2000.
The national debt has increased more than 35 percent since then, to about $7.500 trillion. There is no consensus in government as to a plan to slow new debt accumulation down, let alone reverse the trend.

The U.S. trade deficit will exceed $700 billion this year, up from zero just 12 years ago, in 1993. The U.S. has the lowest per capita savings rate among industrialized nations. There are an estimated 45 million Americans without health insurance coverage, and U.S. residents living in poverty increased by one million in just the past year, with the poverty rate now above 13 percent of Americans.

U.S. currency is "talked" up by the same politicians who have irresponsibly decreased the growth of national tax revenue by passing changes in tax law that benefit primarily the wealthiest 5 percent of Americans, and embarked on spending increases that have pushed the national budget up 35 percent in just five years, during a time span when federal agencies have declared less than a 13 percent increase in inflation.

Since the spring of 2001, the price of gold, a constant measure of the purchasing power of fiat currencies, such as the U.S. dollar, has increased from a low of $250 per ounce, to a recent high of $475. The price of a barrel of crude oil has doubled to an average $60 in the same time span.

According to http://www.cia.gov/cia/publications/...k/geos/ca.html , your country enjoys a nearly $60 billion annual trade surplus, ($315 billion of annual exports, vs. $256 billion of imports.) Your country is not dependent on 13 million barrels of oil imports per day, at an unpredictable an recently dramatically escalated price, as Your country exports 1.37 million barrels of surplus oil per day.

Canada is burdened with a higher per capita national debt than the U.S. is, and 15.9 percent of Canadians live in poverty, but Canada has already budgeted and managed the costs of healthcare for it's poor, and it's currency is on a sound fiscal footing. U.S. currency could drop like a rock in value, compared to the current value of other currencies, and the value of commodities, like oil, and precious metals, like gold, with no warning....as soon as when we wake up tomorrow morning.

Did I mention that the U.S. economy is entirely dependent on it's residents selling their homes to each other, at ever escalating prices?

There are no reference links in this post, but it is all accurate and current information. Canada is a fiscal rock, and America is an overmilitarized, paranoid, fiscal wreck of a country.

Please give to hurricane relief until it hurts. You Canadians may soon experience a simulation of what it has been like to have an impoverished country with a huge, desperate population living just south of you, as the U.S. has experienced, unitl recently, as it is located north of Mexico. Now, on paper, we share a future of similar poverty and lack of opportunity.
host is offline  
 

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360