Shopsmith Forums

holsgo wrote:The term "printing money" (which is actually the government using bonds to create the debt it has) is not inflation but a tool to combat deflation. The problem lies everywhere not the fed necessarily. From the debt Bush inherited then increased via a war. To the collapse that Obama inherited and the Fed has tried to stimulate its way out of. All of this is the government debt including every Social Security check, medicare medicaid payment and assistance to every broke state. The Fed didn't start the problem....the american way of government spending and american expectations of govt programs did. Most cuts will hurt badly, retired, working, bankrupt etc...it will be painful.

Sorry, I was not clear. When I said printing money, I meant without being backed by bonds. I know that would be monetary suicide. Not a direction I recommend, just saying our government, the elected officials and the implementing machinery, have not left themselves many options. But you are right, all of that machinery represents us. With each election the winners are the ones promising the most. I get pretty upset by the demands for bigger and bigger government. Governments are by nature not interested in being smaller, lean efficient operations.

I have enjoyed sparing with you, but plan to give it up. We both want a stable monetary system. We differ on our views of inflation's impact. I wish I knew a solution to the many problems we face as a nation (and a ways to get them implemented). I also wish I had the knowledge to suggest/implement a change to our society's 'something for nothing' mentality when electing officials. I do not have the solutions:(

Thankfully, the Presidential debates are over. Unfortunately, they weren't too presidential. Woefully, I still do not know which one of them I want to vote for.

That is bad because I will vote. Hopefully, so will all of you. If we all vote there is some solace in that the majority will rule....I think. I'm not absolutely certain of that given the electoral college and the way it works.

Whatever you do...find a way to get out and vote. Together we have a chance of filling the offices with the right people. The Voice of the People speaks loudly.

dusty wrote:Thankfully, the Presidential debates are over. Unfortunately, they weren't too presidential. Woefully, I still do not know which one of them I want to vote for.

That is bad because I will vote. Hopefully, so will all of you. If we all vote there is some solace in that the majority will rule....I think. I'm not absolutely certain of that given the electoral college and the way it works.

Whatever you do...find a way to get out and vote. Together we have a chance of filling the offices with the right people. The Voice of the People speaks loudly.

Dusty,

If you don't know at this point who you will vote for then a little more studying may be in order. I strongly suggest you read "The Road to Surfdom" by Hayek (economist). The economic (no to say anything about the social, ie voted in favor of the murder of surviving aborted babies) principles espoused by our current President are more consistent with making us all surfs than the other guy. Just saying....

Jack

claimdude wrote:Dusty,

If you don't know at this point who you will vote for then a little more studying may be in order. I strongly suggest you read "The Road to Surfdom" by Hayek (economist). The economic (no to say anything about the social, ie voted in favor of the murder of surviving aborted babies) principles espoused by our current President are more consistent with making us all surfs than the other guy. Just saying....

Jack

I don't know how or when it happened but it seems we have become serfs. We now all work for the benefit of the Government and I don't believe it is supposed to be that way. The Government does work for the People...Right?

WRONG! Not with the current Congress. No One is working for the People.

Undecided folks should go to the two web sites for unfiltered information about the two candidates. This is possible for Romney, by looking here -- http://www.mittromney.com/issues -- Unfortunately, Obama doesn't explain his plans for the next four years on his web site -- http://www.barackobama.com/ -- so I'd guess one has to review his job as president for the past four years.

Personally, I'm convinced Obama has no clue about economics, as in how to create jobs and the pitfalls of mounting debt. Our children and grandchildren will be buried in taxes to repay his borrowing. One only has to look at the housing market to understand what happens when you can't meet your financial obligations. Or, simply look at Greece.

Obama is a one-man wrecking ball:
-- 23,000,000 out of work.
-- 47,000,000 on food stamps.
-- 1/2 of college graduates can find work in their field of education.
-- $10 trillion in debt when Obama took office, now $16 trillion in debt.
-- trillion dollar deficits expected for the next four years under Obama.
-- no energy plan except for taxpayer funding of failed green energy projects.
-- gasoline prices through the roof.
-- food prices steadily moving upward.
-- take home pay down over $4000 since Obama took office.
-- health care costs rising despite Obama's Affordable Care Act.
-- ect., etc., etc.

O.M.G. -- Obama Must Go!

If you're still undecided, then give another party a look. Don't be fooled by the "wasted vote" garbage. The only wasted votes are those that go against your conscience, and in my opinion, those cast for a failed status quo.

Some good quotes from this article:

http://www.forbes.com/sites/dougbandow/ ... mpetitors/

Today those who believe in individual liberty and limited government are essentially stuck choosing between a big-spending militaristic statist and a big-spending militaristic statist. Both are heading the same direction, even if they might reach various points more or less quickly. The differences are in degree, not kind. An alternative is desperately needed.

Despite claims of imminent Armageddon, the U.S. will survive whether Barack Obama (or Mitt Romney) is elected. Government will be bigger, people will be less free, the nation will be less prosperous, Americans will remain at war around the world. But life will go on. The only way to encourage real change is look beyond today’s political duopoly. The only way to elect someone who is not a big-spending militaristic statist is to allow someone who is not a big-spending militaristic statist on the ballot. And to vote for that someone.

Pennview, I wouldn't call Mitt Romney's own web site "unfiltered information" about him.

Dusty, you're right. We have become serfs. And all either of the two major parties is promising is more of the same.

pennview wrote:Undecided folks should go to the two web sites for unfiltered information about the two candidates. This is possible for Romney, by looking here -- http://www.mittromney.com/issues -- Unfortunately, Obama doesn't explain his plans for the next four years on his web site -- http://www.barackobama.com/ -- so I'd guess one has to review his job as president for the past four years.

Personally, I'm convinced Obama has no clue about economics, as in how to create jobs and the pitfalls of mounting debt. Our children and grandchildren will be buried in taxes to repay his borrowing. One only has to look at the housing market to understand what happens when you can't meet your financial obligations. Or, simply look at Greece.

Obama is a one-man wrecking ball:
-- 23,000,000 out of work.
-- 47,000,000 on food stamps.
-- 1/2 of college graduates can find work in their field of education.
-- $10 trillion in debt when Obama took office, now $16 trillion in debt.
-- trillion dollar deficits expected for the next four years under Obama.
-- no energy plan except for taxpayer funding of failed green energy projects.
-- gasoline prices through the roof.
-- food prices steadily moving upward.
-- take home pay down over $4000 since Obama took office.
-- health care costs rising despite Obama's Affordable Care Act.
-- ect., etc., etc.

O.M.G. -- Obama Must Go!

So, how do you know all the above wouldn't still have occured if Obama hadn't won? The stock market has doubled in 4 years which directly affects my retirement income. All else is just talking points

Obama is not the problem. He's a symptom of the problem. Romney is just another symptom.

SO, if we just wait and do nothing maybe everything will get better.

Boy am I thankful I am not sitting in a bunker somewhere waiting!

Regarding "unfiltered," I'm meaning that one can see exactly what a candidate is saying in his/her own words, instead of getting sound bites from a biased news media or from the opponent's smear campaign.

If you look at Obama's web site, you'll find an attack on Romney, but nothing about Obama's own plan for the next four years. There are 23,000,000 Americans out of work who will disagree. Obama, describes Romney as reckless and employing phony numbers regarding taxes, but if you look at Romney's page, you'll get a clear idea of what his thinking is.

If folks are happy with the economy as it stands today, then vote for Obama and get four more years just like the last four. If you're retired or nearing retirement and your retirement funds are all in the stock market, any financial adviser will tell you that you need diversification. And, what goes up will go down, but timing is everything.

Stop the war on coal -- fire Obama!