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To: infocats
Where the heck did I write that nuclear technology hasn't evolved since '45. What I meant to imply, however inartfully, was that we have accumulated enough new knowledge in both the technology and delivery that we shouldn't be undertaking massive new expenditures with those that are yet unproven, and at exhorbitant cost.

You have said many conflicting things on this thread. You also have admitted to having no expertise on nuclear weapon technology yet you don't believe the people in charge of our nuclear arsenal. $100 billion is not "massive" in a 2 and one half trillion dollar annual budget and on what do you base your statement about "exhorbitant" costs? We spend billions just maintaining our current aresenal and the costs go up as the stockpile continues to age.

Technical considerations aside, what you fail to appreciate is that our National Debt is such that foreign countries, a prime source of U.S. investment, are starting to dump their U.S. currency in favor of the Euro which will ultimately lead to a collapse in the value of the dollar, regardless of whether or not we can get deficit spending under control as promised.

Foreign investment isn't bad and it is a two-edge sword. Almost half of our nearly $9 trillion national debt is in the form of "intragovernmental holdings," i.e., the SS Trust Fund and other similar trust funds, which are really unfunded liabilities. I would be far more concerned about the reform of our entitlement programs like SS, which has an unfunded liability of $13 trillion and Medicare, which is in worse shape, than the fall of the dollar. The SS "surplus" starts decllining in 2008 and we will be paying out more than we are taking in in 2017.

Surely, if the Republicans learned nothing from the results of the last election, they should have learned that this should be an integral part of the calculus before taking on new debt.

Taking on what new debt? The $100 million to maintain our nuclear arsenal?

66 posted on 01/07/2007 10:36:40 AM PST by kabar
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To: kabar
I am concerned about all national debt, regardless of flavor.

"Taking on what new debt? The $100 million to maintain our nuclear arsenal?"

No, taking on a new 100 billion dollar debt for an unproven program.

As to perceived inconsistencies in my statements, it is because you have either misrepresented them or taken them out of context.

Look, I am an unrepentent populist. The problems in this country are so massive and largely ignored because of inadequate funding, that taking on massive new expenditures is really a concern to me as it should be to any thinking person.

Mercifully, we have a robust economy, yet the problems worsen. Why? Because we tend to piss the money away on B.S. programs that benefit a few oligarchs, or paying interest on a bloated debt, as opposed to using the money wisely like guarding our borders or improving the educational system.

68 posted on 01/07/2007 10:53:23 AM PST by infocats
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