Personal responsibility is a playbook for politician. Obesity rate in this country has reach massive epidemic--embedded in our society is not to exercise and being cough potato. That's the truth....No offense you LAZY fat Americans, except me fitness guru myself
of course (kidding).
I don't buy the arguments that politicians often make, "don't saddle our kids with our future debt". It seems this arguments were probably in the 1930s before Social Security became law. It was the same argument made in the 60s before Medicare. Guess what? We are those "future kids" that they talked about back then, not saddling their kids with theirs. It seems logical to me, our kids will inherently be the one carrying our debt load as well in the future, much the same way we are now carrying current Social Security and Medicare recipients via tax payment transfer. It was supposed to be the end of the great society. Guess what.....our society still here and living.
The biggest problem made by this country is allowing NAFTA. If some TARIFF are imposed (a percentage of goods and services particularly China), I doubt they will dump US TREASURY. They hold roughly 900 million US debt in exchange rate with dollar. Their actions, if they do, will have far greater impact in their economy than to our but will force our dollar (free market) to be strong. The consequences, US might actually be force to STOP printing more since China will now have no surplus in reserve to invest with due to the fact that their goods and services will be higher (tariff inclusive). But then what's other investment alternative for China. It's the old playbook trick, our dollar, its safe haven.
But then we might force China to float YUAN currency in the market as it should rather than be pegged against the dollar artificially. There are far greater social benefits from all this, like reducing/eliminating child laborers, or sweat shops from China...that is if we US consumer stops buying Chinese made products. But i digress
04-22-2011, 11:21 PM
