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Bruce Bartlett: Why I'm Not a Democrat

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    Dutch Wrote:
    Dockadams Wrote: Interesting article. I was banned from a R & L blog/forum for my views of Reagan and Bush 41 & 43, among other things. I wrote that none of these so called republicans were not conservatives at all, and that they were really liberal-lights, like lite beer (if you can imagine).
    Dock, it is time someone opens his mouth about what is happening in this country. keeping the blinders on and paint it over does not work, ask Hitler.

    Not that I do not like America, I do, it's great to be free, but, I never have liked those two words, America first.

    My wife buys a Powerball ticket for nearly every drawing, and before the drawing, we're on the internet browsing countries we could go to escape from America, Australia and Canada sound like nice places to live, I mentioned Mexico to my wife, and she thinks I'm nuts for wanting to live there too.

    In this small town we live in, the walls are closing in. I found out today that "Latin" gangs are having turf wars a few blocks from our apartment. I think I'd like to move somewhere where it's mostly gun free.

    America is far from the greatest, but it works for now, until things start going south. America is a troubled land.

    I read that article that Smitty posted, and it sounds like that person who would never vote for a democrat is a person lost and looking for a party that suits him, since the republicans dissed him.

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    Chet Ruminski Wrote:

    "with keystrokes on a computer at the Department of the U.S. Treasury."

    I hear that a lot. But what are the actual mechanics??

    #1 Congress tells the Executive Branch to spend X amount of dollars on Y activity, transfer, and/or purchase.

    #2 If Uncle Sam then sends, for example, a direct deposit check to your bank account, in the first instance, your bank will credit your account, your bank's account at the Fed will be credited, and the Treasury's account at the Fed will be debited. Your bank's assets and liabilities have increased by equal amounts. Your bank acquired additional funds in its account at the Fed and it owes you more by that amount. You gain a deposit and the Treasury loses funds in its account at the Fed.

    #3 Treasury and Fed are on phone all day coordinating activities to make sure simultaneously that 1.) the redemption and issuance of government securities run smoothly 2.) interest rate policy targets by the Fed are achieved 3.) government checks clear.

    #4 Technical human error, subversive actions by government, military defeat, civil war, or act of God are the only parts of the government default probability that really matter. While the U.S. Treasury is prohibited by Congressional law from over-drafting on its account at the Fed or borrowing directly from the Fed; the Fed's ability to buy/sell/repo government securities assures the continuous flow of redemption and issuance of government securities and the Fed's ability to achieve interest rate targets.

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    Dockadams Wrote:
    Dutch Wrote:
    Dockadams Wrote: Interesting article. I was banned from a R & L blog/forum for my views of Reagan and Bush 41 & 43, among other things. I wrote that none of these so called republicans were not conservatives at all, and that they were really liberal-lights, like lite beer (if you can imagine).
    Dock, it is time someone opens his mouth about what is happening in this country. keeping the blinders on and paint it over does not work, ask Hitler.

    Not that I do not like America, I do, it's great to be free, but, I never have liked those two words, America first.

    My wife buys a Powerball ticket for nearly every drawing, and before the drawing, we're on the internet browsing countries we could go to escape from America, Australia and Canada sound like nice places to live, I mentioned Mexico to my wife, and she thinks I'm nuts for wanting to live there too.

    In this small town we live in, the walls are closing in. I found out today that "Latin" gangs are having turf wars a few blocks from our apartment. I think I'd like to move somewhere where it's mostly gun free.

    America is far from the greatest, but it works for now, until things start going south. America is a troubled land.

    I read that article that Smitty posted, and it sounds like that person who would never vote for a democrat is a person lost and looking for a party that suits him, since the republicans dissed him.

    Dock, since I lived and worked all over the world then you can compare. Actually there is not one place in the world you can call paradise; everywhere there is something which you may not like. We've got friends on the Bahama's; they've got everything including an huge yacht; but they are not happy; feel isolated and have to fly to do shopping to Miami which is not the fun place either because they got robbed there. I like Indonesia, like Obama does , but again tropics with lots of humidity and bugs. So either adapt or depart. I won't stay long here; it is not the US anymore as I knew it way back.