On 02-Dec-04, Frank Reichert wrote: s>> You're both right, but I believe Robert sees the raising of the debt s>> limit as syptomatic rather than causitive.
FR> Now, how could THAT be possible? Reckless, unconstitutional spending is FR> the causitive effect for raising the debt limit repeatedly.... Exactly. FR> ... Without the spending, there would be no need to raise the debt FR> limit.... Exactly. FR> ... Debt limits increase in proportion with deficit spending increases. Exactly. Ergo, excessive spending is the cause of raising the debt limit. FR> Travis is absolutely correct in laying the blame on the FR> GOP-controlled Congress and Executive Branch, both of which have FR> been in GOP power for the last four years. Do you believe a Democratic Congress under President Gore would have spent less after 9/11? s>> Failure to raise that limit would have caused serious problems with govt s>> bonds and the falling dollar would plummet. FR> The dollar has been plummeting anyway against the Euro and other FR> strong currencies,... Not exactly - it's been drifting downward for quite a while, losing about 17% this year (I believe). FR> ... largely as a result of reckless deficit spending (in which both the FR> GOP and the Democrats are to blame, and the Shrub Regime<tm> FR> administration which signs on to all of this spending. Don't forget the trade imbalance, too. FR> You leave out the most important factor of all in your above accessment, FR> that is the spending.... Tell that to Travis... I agree with you. FR> ... The dollar would not be in free fall today had Congress responsibly FR> addressed the deficit disorder a couple of years ago. The dollar is not in free fall ... yet. Buying some gold and silver is not a bad idea, though. s>> They WERE the only two choices for people who insist upon voting for a s>> candidate with a chance to win. FR> So, in effect, these people lose anyway, right? It would have FR> been much better to simply lose while voting for principle, than FR> to lose anyway by voting for the lesser of two evils. Agreed. FR> Not trying to be gloom and doom exactly. But answer me then, if FR> we continue as a society to vote for the 'lesser of two evils', FR> how long would you suppose it might take for evil to prevail in FR> every aspect of our civilization from economics to social and FR> foreign policy failure? Anno domini 2012. FR> We're probably getting at that point much faster today than you FR> might care to admit. Still think so? p.s. Add some brass, lead, and blued steel to your precious metals. _______________________________________________ Libnw mailing list [EMAIL PROTECTED] List info and subscriber options: http://immosys.com/mailman/listinfo/libnw Archives: http://immosys.com/mailman//pipermail/libnw
