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henkcobra Royal Member of BonBon

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Aaron_Thom Royal Member of BonBon

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Eechironin Rank: Senior Member
Joined: 14 Jun 2010 Posts: 262
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Posted: Tue Apr 17, 2012 7:58 pm Post subject: |
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It is a cost cutting move, that is all. _________________
"That which is denied becomes that which is most desired, and that which is hidden becomes that which is most interesting. Consequently, a great deal of time and energy is spent trying to get at what is being kept from you."-John Denver |
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Rune174 Royal Member of BonBon

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Posted: Wed Apr 18, 2012 1:03 am Post subject: |
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The EAF, now where have I heard that before? _________________
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Artyom Derison Rank: Super Veteran

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kommy Royal Member of BonBon

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Posted: Wed Apr 18, 2012 4:58 pm Post subject: |
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Huh. Thought they already had that and called it NATO. _________________ "Doktor! Are you sure this will work?!" "HAHA! I HAVE NO IDEA!" |
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henkcobra Royal Member of BonBon

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Tearlach Royal Member of BonBon

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Eechironin Rank: Senior Member
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Posted: Mon Apr 30, 2012 8:46 pm Post subject: |
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Combination of high expenses including yearly debts because for years no one could believe the USA (and other countries) would ever experience a depression like the 1930's.
Then the politicians remove the only defense against banks running amok, "Glass-Stegal", thanks due to the massive lobbying efforts of, you guessed it, the banks.
10 years later banks crash the world economy all in the name of greed.
So now the USA (and much of the world) does not get the tax income to pay the bills (yes, very simplified statement, but accurate).
Choice is: Balance the budget by shutting down the US govt and create a second depression.
-or-
Try and reduce spending while increasing taxes, only delaying the eventual bankruptcy of the US, or for that matter similar fate for most of Europe.
One thing for sure, the political will to do extremely painful actions does not exist.
Sort of like the repeat of events in the 1930's, and we all know what happened then..l. _________________
"That which is denied becomes that which is most desired, and that which is hidden becomes that which is most interesting. Consequently, a great deal of time and energy is spent trying to get at what is being kept from you."-John Denver |
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henkcobra Royal Member of BonBon

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