Posted on 05/20/2013 8:57:25 AM PDT by Sopater
The supremes actively pushed this obamacare challenge. Why would they do this?
Which case is this? I’d like to look into it. Thank you!
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http://www.lifenews.com/2013/03/03/there-is-still-hope-obamacare-can-be-stopped-in-court/
Heh. I just turned 60, so I guess I'm too young to "bail". Look. The budget is not being cut perceptibly and growth will continue to be a mirage of increased government spending which isn't economic growth at all.
I agree that the oil and gas industries are a welcome bright spot in the economy, but I don't expect widespread benefits from them as long as the investment climate is so horrible -- due to Obama's regulations, health care, and constant threats of tax hikes.
——— the budget deficit in the US is declining,-——
However, the debt is rising and Sec Lew went to war to get the ceiling raised. The status is still bad, very bad.
The falling gold price is I believe anomaly. It apparently is first degree organized anomaly
Thanks
I appreciate your insight. I think the value of gold right now is not so much a hedge against inflation but against fascism. Of course food, water and personal energy independence are even more valuable investments in that case, but physical gold will always be a useful means of value exchange given its price for size.
“plan that has any real legs to turn the deficit into a surplus”
The ‘plan’ is for the Boomer generation to die. Which, of course, is happening.
Now, my generation is a huge deficit item on the government’s books- as once it was a huge surplus. Other nations don’t have that situation to look forward to.
The fracking money is indeed a boon. Ironic that like a third-world nation we have fallen upon trading our natural resources for finished goods. Hopefully we will find our way again soon.
The fracking money is indeed a boon. Ironic that like a third-world nation we have fallen upon trading our natural resources for finished goods. Hopefully we will find our way again soon.
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The thing about oil drilling most people don’t understand is that the first 150 years of oil drilling only got less than 10% of the oil available. That oil was all located under salt dome pockets that accumulated from massive deposits further below—ie the other 90% of the oil. What’s happened is that oil drillers are just now learning to get at the next 30-40% of the oil that’s available. So the world’s real oil reserve represents hundreds of years worth of oil. That doesn’t count oil shale kerigen rocks or undersea frozen methane hydrates —each of which represent a 1000 year supply of energy. (The technology to economically extract them is still another 10-15 years away. But that will happen.)
The basic blocking and tackling of any civilization is that they have to produce their own water and energy. The five decade decapitalization of the USA is now going into reverse.
For people who don’t like carbon dioxide—this oil/gas fracking revolution will still provide the capital cushion and time to allow the USA to develop the energy sources of the future that will provide much cheaper and more abundant sources of power and water— and provide the springboard for space exploration later in the century.
Your probably correct about deficits and the effect of Oil independence.
I hope your correct about Obamacare, but I seriously doubt it. The Supremes have been bought off long ago.
I have no idea where you're getting those numbers, but you are extremely naive to believe them. Spending isn't being cut [spending growth reduced imperceptibly] and the only growth in the economy is the spending created by the new dollars Bernanke is printing.
New oil supplies are welcome, but to think they alone can save us is wrong. We're sinking like a stone, dude. Not too sure why you're so enamored of current economic policy, either.
Not too sure why you’re so enamored of current economic policy, either.
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Things are happening—ie the deficit is falling despite the best efforts of Obama to kill them. Same thing happened in the 90’s. Newt restrained the growth in government spending while the economy produced so much more revenue for the government that their books balanced. Clinton fought newt tooth and nail. and totally peed on newt for his work. And then clinton took credit for the balanced budget.
Here’s a fox news article on the fall of the US budget deficit.
CBO Says 2013 U.S. Budget Deficit Estimated at $642 Billion
http://www.foxbusiness.com/news/2013/05/14/cbo-says-2013-us-budget-deficit-estimated-at-642-billion/
Sorry, dude. I can't agree. I don't dispute that the CBO made that estimate, but the CBO's track record is absolutely horrible -- scandalously so. You just cannot predict the future and the CBO's estimates are made from simple, static analyses of expected tax revenue.
Don't forget that the CBO [which is admittedly constricted in its work] also predicted that the implementation of the Affordable Health Care Act would result in a drop in deficits. It was wrong.
I hope you turn out to have been right and that I will have been proved wrong. At the moment, I dont' expect that.
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