Bush Wants Another $80 Billion for the Crusades - Dallas Dance Music - Dallas nightlife, music, tickets, and more

Ryan · 01-24-05, 11:11 PM

Fuck it, let's give him a trillion. What's a trillion dollars when you consider all the new freedoms and safety we have because of this masterfully planned and executed war? Bravo, Bushies, Bravo!

http://apnews.myway.com/article/20050125/D87QR1K00.html

/ still think that only war-supporters should pay for this fucking mess.

transparentaura · 01-25-05, 12:04 AM

This as his administration continues to rack up record deficits. It pisses me off that they think they can saddle us and our children with all this debt by pretending that we can pursue this reckless course without giving up something in return. If he was honest enough to maintain some semblence of a responsible budget by offsetting these costs by vetoing spending bills for other programs, it might wake up the public to what the priorities of this administration really are, and the lack of regard they have for our future.

prince vlad · 01-25-05, 12:34 AM

Quote:

Originally Posted by Ryan

Fuck it, let's give him a trillion. What's a trillion dollars when you consider all the new freedoms and safety we have because of this masterfully planned and executed war? Bravo, Bushies, Bravo!

http://apnews.myway.com/article/20050125/D87QR1K00.html

/ still think that only war-supporters should pay for this fucking mess.

i smell sarcasm...

Leo · 01-25-05, 01:17 AM

The aides said the package Bush eventually submits to Congress will also include money to help Indian Ocean countries hit by the devastating December tsunami.

hahaha, fantastic...slip that in there, then, if you go against the military spending package you're branded as un-humanitarian and don't want to help the tsunami victims. Goddamn, why can't that fucker drink himself into a coma?

tricky · 01-25-05, 01:28 AM

Quote:

The request would push the total provided so far for those wars and for U.S. efforts against terrorism elsewhere in the world to more than $280 billion since the first money was provided shortly after the Sept. 11, 2001, airliner attacks on New York's World Trade Center and the Pentagon (news - web sites).

That would be nearly half the $613 billion the United States spent for World War I or the $623 billion it expended for the Vietnam War, when the costs of those conflicts are translated into 2005 dollars.

wow...good to see this money is being used wisely

bfp · 01-25-05, 10:01 AM

I don't mind, so long as he cuts the budget somewhere else.

Ryan · 01-25-05, 10:09 AM

Quote:

Originally Posted by bfp

I don't mind, so long as he cuts the budget somewhere else.

Nah, we'll just print more fiat currency and let our grandchildren deal with it.

01-25-05, 10:18 AM

Quote:

Originally Posted by Ryan

Nah, we'll just print more fiat currency and let our grandchildren deal with it.

but it doesn't work that way Ryan....

debt is not paid for by simply printing money - debt is financed through bonds etc

I am sure some one with better understanding of government finance could explain.... dfwtrader?

shaggy · 01-25-05, 10:27 AM

Xian, I will all respect for you if you try to argue that this money is a good idea and slipping the tsunami fund on the bill is not an attempt to brand those that vote against. You can't have all good things to say about this admin. Can you? (I know you have argued one way or the other yet but I feel it comin.)

01-25-05, 10:31 AM

Quote:

Originally Posted by shaggy

Xian, I will all respect for you if you try to argue that this money is a good idea and slipping the tsunami fund on the bill is not an attempt to brand those that vote against. You can't have all good things to say about this admin. Can you? (I know you have argued one way or the other yet but I feel it comin.)

I'm not too familiar with the bill to comment...

But, as a political tool, slipping popular funding with unpopular is a common technique... its a bit tacky regardless of the side doing it

IrishRaver · 01-25-05, 10:37 AM

Quote:

Originally Posted by Leo

The aides said the package Bush eventually submits to Congress will also include money to help Indian Ocean countries hit by the devastating December tsunami.

hahaha, fantastic...slip that in there, then, if you go against the military spending package you're branded as un-humanitarian and don't want to help the tsunami victims. Goddamn, why can't that fucker drink himself into a coma?

thats the first politically smart thing that the entire admin has done...
its underhanded bullshit, and quite manipulative...but smart none-the-less

dfwtrader · 01-25-05, 11:01 AM

yeah you are right, the government can, but probably will not actually print money to cover debt.

this will be financed through the fed open mkt committe issuing debts at expirations that will coincide with needed funding. for example if it is needed for a short term 90 days or less t bills are used. so the funding actually comes from third parties buying assets from the us govt.....therefore it is actually a reduction in the money supply. and can help offset dollar declines in the short/intermediate term.....the majority of these are purchased by institutional investors here in the states. a substantial portion was purchased by foreign governments when the dollar was stronger over its 7 year run prior to 03. so with the weakening dollar a concern is that foreign investors will liquidate due to currency depreciation risk v. their home currency.

this is an oversimplification of the process and their are a multitude of effects which all depends on the issues terms and who purchases the issue. so many in fact it cant be explained in a paragraph or two.

i dont think there is a big issue with running some defecit spending as long as it is for productive means, and can be paid back within a reasonable amount of time. this is where the true argument lies...whats important, what to keep, what to cutback and is the defecit we are running too big for the production.

my theory and sense of playing the odds .....is yes the defecit is large but the overall GDP is substantial enough to handle it. they will sell short term debt to foreign govts, intermediate and long term debt to domestic investors which will balance the dollar with the trade defecit, and maintain the longer term optimism of foreign investors. finally with the stabilization of the dollar and the favorable foreign exchange there will be less importing and more domestic purchasing......one facet that has more looming implications than govt debt is the individual debt spending, which i think is a lifestyle issue.

Satchel · 01-25-05, 01:27 PM

productive means = conservative agenda I assume?

I'm confused on how deficit spending was bad a few years ago when it was on a far smaller percentage of the GDP?

Actually I'm not confused at all being that I know it's all a matter of twisting the argument to fit your agenda.

Ash · 01-25-05, 01:54 PM

$80billion should fix everything. Iraq and Afghanistan will be perfect after this. In fact I will move there it will be so awesome.

tricky · 01-25-05, 02:02 PM

Quote:

Originally Posted by Ash

$80billion should fix everything. Iraq and Afghanistan will be perfect after this. In fact I will move there it will be so awesome.

its gonna be so nice there...people will have enough money to buy their own house...EVERYONE

01-24-05, 11:11 PM	#1 (permalink)
Ryan Join Date: Aug 2002 Location: Austin, TX Posts: 3,783	Bush Wants Another $80 Billion for the Crusades Fuck it, let's give him a trillion. What's a trillion dollars when you consider all the new freedoms and safety we have because of this masterfully planned and executed war? Bravo, Bushies, Bravo! http://apnews.myway.com/article/20050125/D87QR1K00.html / still think that only war-supporters should pay for this fucking mess.

01-25-05, 12:04 AM	#2 (permalink)
transparentaura Join Date: May 2004 Posts: 494	This as his administration continues to rack up record deficits. It pisses me off that they think they can saddle us and our children with all this debt by pretending that we can pursue this reckless course without giving up something in return. If he was honest enough to maintain some semblence of a responsible budget by offsetting these costs by vetoing spending bills for other programs, it might wake up the public to what the priorities of this administration really are, and the lack of regard they have for our future. __________________ Those who can make you believe absurdities, can make you commit atrocities. -Voltaire

01-25-05, 10:27 AM	#9 (permalink)
shaggy Join Date: Aug 2003 Location: dallas Posts: 661	Xian, I will all respect for you if you try to argue that this money is a good idea and slipping the tsunami fund on the bill is not an attempt to brand those that vote against. You can't have all good things to say about this admin. Can you? (I know you have argued one way or the other yet but I feel it comin.) __________________ I would rather live my life as if there is not a god, then find out he exists, rather than live my life as if there is a God, and find out he does not exist. -Shaggy's Tillich Inversion

01-25-05, 01:54 PM	#14 (permalink)
Ash Was up above it. Join Date: Aug 2001 Location: L.A., New York, Chicago, Boston, Seattle, Forney Posts: 27,034	$80billion should fix everything. Iraq and Afghanistan will be perfect after this. In fact I will move there it will be so awesome. __________________ My milk snake brings all the girls to the yard.

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01-25-05, 10:01 AM	#6 (permalink)
bfp Join Date: Nov 2001 Location: McKidney Posts: 4,278	I don't mind, so long as he cuts the budget somewhere else.

01-25-05, 11:01 AM	#12 (permalink)
dfwtrader Join Date: Aug 2004 Location: Dallas Posts: 529	yeah you are right, the government can, but probably will not actually print money to cover debt. this will be financed through the fed open mkt committe issuing debts at expirations that will coincide with needed funding. for example if it is needed for a short term 90 days or less t bills are used. so the funding actually comes from third parties buying assets from the us govt.....therefore it is actually a reduction in the money supply. and can help offset dollar declines in the short/intermediate term.....the majority of these are purchased by institutional investors here in the states. a substantial portion was purchased by foreign governments when the dollar was stronger over its 7 year run prior to 03. so with the weakening dollar a concern is that foreign investors will liquidate due to currency depreciation risk v. their home currency. this is an oversimplification of the process and their are a multitude of effects which all depends on the issues terms and who purchases the issue. so many in fact it cant be explained in a paragraph or two. i dont think there is a big issue with running some defecit spending as long as it is for productive means, and can be paid back within a reasonable amount of time. this is where the true argument lies...whats important, what to keep, what to cutback and is the defecit we are running too big for the production. my theory and sense of playing the odds .....is yes the defecit is large but the overall GDP is substantial enough to handle it. they will sell short term debt to foreign govts, intermediate and long term debt to domestic investors which will balance the dollar with the trade defecit, and maintain the longer term optimism of foreign investors. finally with the stabilization of the dollar and the favorable foreign exchange there will be less importing and more domestic purchasing......one facet that has more looming implications than govt debt is the individual debt spending, which i think is a lifestyle issue.

01-25-05, 01:27 PM	#13 (permalink)
Satchel Join Date: Jul 2002 Location: Plaino Posts: 2,973	productive means = conservative agenda I assume? I'm confused on how deficit spending was bad a few years ago when it was on a far smaller percentage of the GDP? Actually I'm not confused at all being that I know it's all a matter of twisting the argument to fit your agenda.