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	<title>Comments on: National Debt?  What National Debt?</title>
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	<link>http://joeduck.com/2009/07/10/national-debt-what-national-debt/</link>
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		<title>By: glenn</title>
		<link>http://joeduck.com/2009/07/10/national-debt-what-national-debt/#comment-99448</link>
		<dc:creator><![CDATA[glenn]]></dc:creator>
		<pubDate>Tue, 28 Jul 2009 13:07:52 +0000</pubDate>
		<guid isPermaLink="false">http://joeduck.com/?p=3252#comment-99448</guid>
		<description><![CDATA[Hypocrisy defined...

[youtube=http://www.youtube.com/watch?v=eOnYnIDX0Eg&amp;hl=en&amp;fs=1&amp;]]]></description>
		<content:encoded><![CDATA[<p>Hypocrisy defined&#8230;</p>
<p><span style="text-align:center; display: block;"><a href="http://joeduck.com/2009/07/10/national-debt-what-national-debt/"><img src="http://img.youtube.com/vi/eOnYnIDX0Eg/2.jpg" alt="" /></a></span></p>
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		<title>By: FoolsGold</title>
		<link>http://joeduck.com/2009/07/10/national-debt-what-national-debt/#comment-99223</link>
		<dc:creator><![CDATA[FoolsGold]]></dc:creator>
		<pubDate>Mon, 20 Jul 2009 12:07:26 +0000</pubDate>
		<guid isPermaLink="false">http://joeduck.com/?p=3252#comment-99223</guid>
		<description><![CDATA[The national debt is some vague amorphous issue that in theory will eventually have to be paid by our grand children but as with everything else we tend to put such far away events out of our mind and think of it as something that will have to be paid by someone else&#039;s grandchildren anyway.

A bridge to nowhere now is more of an issue than repaying the bonds on it forty years from now.]]></description>
		<content:encoded><![CDATA[<p>The national debt is some vague amorphous issue that in theory will eventually have to be paid by our grand children but as with everything else we tend to put such far away events out of our mind and think of it as something that will have to be paid by someone else&#8217;s grandchildren anyway.</p>
<p>A bridge to nowhere now is more of an issue than repaying the bonds on it forty years from now.</p>
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		<title>By: glenn</title>
		<link>http://joeduck.com/2009/07/10/national-debt-what-national-debt/#comment-98889</link>
		<dc:creator><![CDATA[glenn]]></dc:creator>
		<pubDate>Wed, 15 Jul 2009 17:00:25 +0000</pubDate>
		<guid isPermaLink="false">http://joeduck.com/?p=3252#comment-98889</guid>
		<description><![CDATA[Not ok for bailout execs who received tarp or stimulus...but ok for SSA who has received the largest amount of bail-out money and has for almost 100 years running.

Absurd...this is just criminal...

http://abcnews.go.com/Blotter/story?id=8084663&amp;page=1]]></description>
		<content:encoded><![CDATA[<p>Not ok for bailout execs who received tarp or stimulus&#8230;but ok for SSA who has received the largest amount of bail-out money and has for almost 100 years running.</p>
<p>Absurd&#8230;this is just criminal&#8230;</p>
<p><a href="http://abcnews.go.com/Blotter/story?id=8084663&#038;page=1" rel="nofollow">http://abcnews.go.com/Blotter/story?id=8084663&#038;page=1</a></p>
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		<title>By: glenn</title>
		<link>http://joeduck.com/2009/07/10/national-debt-what-national-debt/#comment-98876</link>
		<dc:creator><![CDATA[glenn]]></dc:creator>
		<pubDate>Tue, 14 Jul 2009 16:58:20 +0000</pubDate>
		<guid isPermaLink="false">http://joeduck.com/?p=3252#comment-98876</guid>
		<description><![CDATA[Gee now Obama finally admits unemployment will keep rising for several months.

http://www.breitbart.com/article.php?id=D99EB86O3&amp;show_article=1

Shocker...like most of us didn&#039;t know this to begin with.  Unemployment is tracking pretty closely to what was expected for the depth of our economic situation and we are no where near the bottom as they like to suggest.

In regard to Feb when Obama warned the Congress to sign the stimulus bill or we would face increasing unemployment, etc...

Well now we know 

A) Obama doesn&#039;t know what he is doing in regard to the economy
B) The stimulus was just a scam

Either way it sucks for America and we are long way away from ending the increasing government tyranny threatening our personal freedoms!!!]]></description>
		<content:encoded><![CDATA[<p>Gee now Obama finally admits unemployment will keep rising for several months.</p>
<p><a href="http://www.breitbart.com/article.php?id=D99EB86O3&#038;show_article=1" rel="nofollow">http://www.breitbart.com/article.php?id=D99EB86O3&#038;show_article=1</a></p>
<p>Shocker&#8230;like most of us didn&#8217;t know this to begin with.  Unemployment is tracking pretty closely to what was expected for the depth of our economic situation and we are no where near the bottom as they like to suggest.</p>
<p>In regard to Feb when Obama warned the Congress to sign the stimulus bill or we would face increasing unemployment, etc&#8230;</p>
<p>Well now we know </p>
<p>A) Obama doesn&#8217;t know what he is doing in regard to the economy<br />
B) The stimulus was just a scam</p>
<p>Either way it sucks for America and we are long way away from ending the increasing government tyranny threatening our personal freedoms!!!</p>
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		<title>By: horatiox</title>
		<link>http://joeduck.com/2009/07/10/national-debt-what-national-debt/#comment-98538</link>
		<dc:creator><![CDATA[horatiox]]></dc:creator>
		<pubDate>Sun, 12 Jul 2009 02:42:44 +0000</pubDate>
		<guid isPermaLink="false">http://joeduck.com/?p=3252#comment-98538</guid>
		<description><![CDATA[I&#039;m not totally down with the Cap &amp; Trade, but the bill does push for alternative energy, and will knock the oil and coal  companies down a bit.  The Illuminati are probably not behind it, G: though some conspiracy-buffs have suggested Al Gore himself is a........&lt;i&gt;Shapeshifter.&lt;/i&gt;]]></description>
		<content:encoded><![CDATA[<p>I&#8217;m not totally down with the Cap &amp; Trade, but the bill does push for alternative energy, and will knock the oil and coal  companies down a bit.  The Illuminati are probably not behind it, G: though some conspiracy-buffs have suggested Al Gore himself is a&#8230;&#8230;..<i>Shapeshifter.</i></p>
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		<title>By: glenn</title>
		<link>http://joeduck.com/2009/07/10/national-debt-what-national-debt/#comment-98537</link>
		<dc:creator><![CDATA[glenn]]></dc:creator>
		<pubDate>Sun, 12 Jul 2009 02:30:38 +0000</pubDate>
		<guid isPermaLink="false">http://joeduck.com/?p=3252#comment-98537</guid>
		<description><![CDATA[Horatiox this isn&#039;t about Democrat or Republican...that is the WHOLE point.  Our government is out of control and has completely lost touch with the people and reality especially in the area of fiscal responsibility.

Wait until inflation hits...don&#039;t think a Zimbabwe type scenario can&#039;t happen here...there is no such thing as TOO BIG TO FAIL.

Take a deep look at Cap &amp; Trade...it is absolutely the biggest tax increase in the history of the world, also it is the biggest scam ever attempted.

Also 85% of ALL the Cap &amp; Trade revenue will be spent back to special interests.  That was the deal they had to cut with all the lobbyists to get the support so far.  It is the most inefficient tax ever attempted.]]></description>
		<content:encoded><![CDATA[<p>Horatiox this isn&#8217;t about Democrat or Republican&#8230;that is the WHOLE point.  Our government is out of control and has completely lost touch with the people and reality especially in the area of fiscal responsibility.</p>
<p>Wait until inflation hits&#8230;don&#8217;t think a Zimbabwe type scenario can&#8217;t happen here&#8230;there is no such thing as TOO BIG TO FAIL.</p>
<p>Take a deep look at Cap &amp; Trade&#8230;it is absolutely the biggest tax increase in the history of the world, also it is the biggest scam ever attempted.</p>
<p>Also 85% of ALL the Cap &amp; Trade revenue will be spent back to special interests.  That was the deal they had to cut with all the lobbyists to get the support so far.  It is the most inefficient tax ever attempted.</p>
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		<title>By: horatiox</title>
		<link>http://joeduck.com/2009/07/10/national-debt-what-national-debt/#comment-98535</link>
		<dc:creator><![CDATA[horatiox]]></dc:creator>
		<pubDate>Sun, 12 Jul 2009 00:49:28 +0000</pubDate>
		<guid isPermaLink="false">http://joeduck.com/?p=3252#comment-98535</guid>
		<description><![CDATA[Interesting reference to Rockefeller, though, Glennster.  The Fed Reserve plan that was finally approved by Demos and Wilson (over objections from most GOPers) had little relation to the earlier plans favored by the wall street fat cats such as Aldrich, JP Morgan, and the Rockefellers. Wilson had no love for the tycoons (and Wilson a more effective president than many realize, until the Kaiser and WWI disrupted things) .  

Anyway, as time goes by, many out in the Heartland began to believe  Rockefeller had organized some Rothschilds-like swindle--when really the Fed has reduced the power of the private banks.  Now Ron Paul-bots view Rockefeller (and his children), the Fed, and any govt. banking as part of the Illuminati--along with CBS, viacom, etc.  According to more eccentric, tin-foil hat forms of conspiracy-theories, the Rockefellers are taken to be  high priests of Lucifer--though I&#039;ve also seen claims that Rockefeller and high-ranking Illuminati are not really humans at all, but aliens (perhaps from Sirius) who can assume human form, and deceive the masses, and are responsible for like nazis, stalinism, Fed reserve, JFK&#039;s death, 9-11, etc. Holy Shapeshifter Batman.]]></description>
		<content:encoded><![CDATA[<p>Interesting reference to Rockefeller, though, Glennster.  The Fed Reserve plan that was finally approved by Demos and Wilson (over objections from most GOPers) had little relation to the earlier plans favored by the wall street fat cats such as Aldrich, JP Morgan, and the Rockefellers. Wilson had no love for the tycoons (and Wilson a more effective president than many realize, until the Kaiser and WWI disrupted things) .  </p>
<p>Anyway, as time goes by, many out in the Heartland began to believe  Rockefeller had organized some Rothschilds-like swindle&#8211;when really the Fed has reduced the power of the private banks.  Now Ron Paul-bots view Rockefeller (and his children), the Fed, and any govt. banking as part of the Illuminati&#8211;along with CBS, viacom, etc.  According to more eccentric, tin-foil hat forms of conspiracy-theories, the Rockefellers are taken to be  high priests of Lucifer&#8211;though I&#8217;ve also seen claims that Rockefeller and high-ranking Illuminati are not really humans at all, but aliens (perhaps from Sirius) who can assume human form, and deceive the masses, and are responsible for like nazis, stalinism, Fed reserve, JFK&#8217;s death, 9-11, etc. Holy Shapeshifter Batman.</p>
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		<title>By: horatiox</title>
		<link>http://joeduck.com/2009/07/10/national-debt-what-national-debt/#comment-98534</link>
		<dc:creator><![CDATA[horatiox]]></dc:creator>
		<pubDate>Sat, 11 Jul 2009 22:35:53 +0000</pubDate>
		<guid isPermaLink="false">http://joeduck.com/?p=3252#comment-98534</guid>
		<description><![CDATA[Non sequiturs, at least in terms of the deficit and lending crisis, Glennster (and defense spending).  The big finance/mortgage companies  wanted the Regs dismantled, and Gramm went to work for &#039;em. Finally Clinton signed off, like &#039;98 or so.  That may not be the entire story--we could blame the lenders and underwriters themselves---but key component, which led to the mortgage crisis, and then bailout. JP Morgan/AIG/Gsachs are not exactly liberal bureaucrats. The Demo congress may have neglected the problem, but the GOP controlled the House until what, 2006--so they failed as well.  The Fed was created under Woody Wilson&#039;s admin., anyway.]]></description>
		<content:encoded><![CDATA[<p>Non sequiturs, at least in terms of the deficit and lending crisis, Glennster (and defense spending).  The big finance/mortgage companies  wanted the Regs dismantled, and Gramm went to work for &#8216;em. Finally Clinton signed off, like &#8217;98 or so.  That may not be the entire story&#8211;we could blame the lenders and underwriters themselves&#8212;but key component, which led to the mortgage crisis, and then bailout. JP Morgan/AIG/Gsachs are not exactly liberal bureaucrats. The Demo congress may have neglected the problem, but the GOP controlled the House until what, 2006&#8211;so they failed as well.  The Fed was created under Woody Wilson&#8217;s admin., anyway.</p>
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		<title>By: glenn</title>
		<link>http://joeduck.com/2009/07/10/national-debt-what-national-debt/#comment-98533</link>
		<dc:creator><![CDATA[glenn]]></dc:creator>
		<pubDate>Sat, 11 Jul 2009 21:36:55 +0000</pubDate>
		<guid isPermaLink="false">http://joeduck.com/?p=3252#comment-98533</guid>
		<description><![CDATA[(7) Horatiox...the detractors love to say oh it isn&#039;t that relevant...or pork isn&#039;t that big of a deal when you look at the total budget...

Heck we didn&#039;t start having bubbles and bursts really until the Fed was put in place by Rockefeller and crew.

Look at how the AG goes after the Sheriff in Arizona but not the Black Panthers...this is just a complete political circus.

The overall point is the government really doesn&#039;t very much well all because our system actually encourages political corruption and alas it is that very same thing that keeps getting us into trouble.

Political corruption is killing this country.

Remember they are elected to serve us...not the other way around.]]></description>
		<content:encoded><![CDATA[<p>(7) Horatiox&#8230;the detractors love to say oh it isn&#8217;t that relevant&#8230;or pork isn&#8217;t that big of a deal when you look at the total budget&#8230;</p>
<p>Heck we didn&#8217;t start having bubbles and bursts really until the Fed was put in place by Rockefeller and crew.</p>
<p>Look at how the AG goes after the Sheriff in Arizona but not the Black Panthers&#8230;this is just a complete political circus.</p>
<p>The overall point is the government really doesn&#8217;t very much well all because our system actually encourages political corruption and alas it is that very same thing that keeps getting us into trouble.</p>
<p>Political corruption is killing this country.</p>
<p>Remember they are elected to serve us&#8230;not the other way around.</p>
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		<title>By: horatiox</title>
		<link>http://joeduck.com/2009/07/10/national-debt-what-national-debt/#comment-98532</link>
		<dc:creator><![CDATA[horatiox]]></dc:creator>
		<pubDate>Sat, 11 Jul 2009 16:17:34 +0000</pubDate>
		<guid isPermaLink="false">http://joeduck.com/?p=3252#comment-98532</guid>
		<description><![CDATA[&lt;i&gt;... I have looked at history very carefully and The New Deal was nothing about protecting people it was about ensuring massive control by the government and to ensure future elections by buying votes.&lt;/i&gt;

Not entirely correct. The New Deal was brought about by the Depression. FDR and his economic advisers (mostly Keynesians) were reacting to decades of greed and speculation. It&#039;s not perfect (actually probably too pro-business), but an attempt to prevent financiers from looting the public (and the treasury), mainly from buying--or lending-- on margin with credit they did not have (not that different than what AIG/JPMorgan/Sachs have done over last 10 years). There may have been some bureaucracy and moves towards govt. intervention, but that&#039;s what the situation demanded. 

You continually suggest that laissez-faire will result in economic justice or balance of some sort, but the historical record--including depression-- does not justify that assumption. In a mercantile society, OK--Jeffersonville--Smithian econ. may suffice. With a global financial economy the market is about as just and ordered as vegas casinos are.  

Maybe google the Glass-Steagall act, which was specifically concerned with protecting individuals&#039; mortgage funds. Gramm managed to ex that reg, which had been on the books for over 50 years, tho&#039; Nixon had started with FHLMC (and Reagan helped).   ACORN, HUD,  all the rest are political moves.  ACORN may tamper with votes (then so has GOP, most likely), but that&#039;s not really that relevant.]]></description>
		<content:encoded><![CDATA[<p><i>&#8230; I have looked at history very carefully and The New Deal was nothing about protecting people it was about ensuring massive control by the government and to ensure future elections by buying votes.</i></p>
<p>Not entirely correct. The New Deal was brought about by the Depression. FDR and his economic advisers (mostly Keynesians) were reacting to decades of greed and speculation. It&#8217;s not perfect (actually probably too pro-business), but an attempt to prevent financiers from looting the public (and the treasury), mainly from buying&#8211;or lending&#8211; on margin with credit they did not have (not that different than what AIG/JPMorgan/Sachs have done over last 10 years). There may have been some bureaucracy and moves towards govt. intervention, but that&#8217;s what the situation demanded. </p>
<p>You continually suggest that laissez-faire will result in economic justice or balance of some sort, but the historical record&#8211;including depression&#8211; does not justify that assumption. In a mercantile society, OK&#8211;Jeffersonville&#8211;Smithian econ. may suffice. With a global financial economy the market is about as just and ordered as vegas casinos are.  </p>
<p>Maybe google the Glass-Steagall act, which was specifically concerned with protecting individuals&#8217; mortgage funds. Gramm managed to ex that reg, which had been on the books for over 50 years, tho&#8217; Nixon had started with FHLMC (and Reagan helped).   ACORN, HUD,  all the rest are political moves.  ACORN may tamper with votes (then so has GOP, most likely), but that&#8217;s not really that relevant.</p>
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