Dismiss Notice
Join Physics Forums Today!
The friendliest, high quality science and math community on the planet! Everyone who loves science is here!

News Our Budget is a Threat to our National Security

  1. Apr 3, 2009 #1
    The past and current administration have run up record deficits, with a large portion of this coming from foreign nations - China in particular.

    Our dependence on Chinese credit means that they will have a large say in dictating our policies. Nothing is forcing them to buy our bonds, and our budget is dependent upon it. Should they not like our policies, they can elect to not purchase our bonds and hence we will have to cut spending.

    Even if they don't choose to exercise their power over our budget, at some point they are going to stop buying these bonds because the amounts we owe them will be so astronomical that they will call in question our ability to repay them (I already do). The consequences of this are potentially disastrous.
  2. jcsd
  3. Apr 3, 2009 #2

    Ivan Seeking

    User Avatar
    Staff Emeritus
    Science Advisor
    Gold Member

    China depends on our purchasing power as much as we depend on their investment.

    The working theory is that a collapse of the economy or an L-shaped recovery would likely create more debt in the long term than will spending wisely and agressively now. This conclusion is drawn from the lessons of the past.

    This also creates the opportunity to lay the foundation for a sustainable national economy designed to be compatible with a 21st century global economy.

    We came out of WWII with debt at 122% of GDP, which is more than even the worst projections now. What followed was a long period of prosperity like the world had never seen.

    Much of the WWII spending went up in smoke. Obama's plan seeks to rebuild a nation.
    Last edited: Apr 3, 2009
  4. Apr 3, 2009 #3
    Obama's plans seeks to destroy this nation. He has set us on a course for certain bankruptcy. He is a Fabian socialist and is working to plan.
  5. Apr 3, 2009 #4
    It never ceases to amaze me how people will believe that the politicians they don't like are nefarious evil doers out to destroy our country.
    I mean wow, how obvious is it that Obama hates America and wishes its destruction. So much so apparently that he chose to live here and become part of the government in hopes of one day bringing us to our knees! :rolleyes:
  6. Apr 4, 2009 #5
    Yes, people demonize the leaders that don't share their ideals... Bush?

    Obama's ideals differ from a large portion of American's. Is he evil?
  7. Apr 4, 2009 #6
    I recently stumbled across the fact that, aside from budgets, there are http://en.wikipedia.org/wiki/Cafr" [Broken] which seem to show masses of wealth controlled by our governments from federal to local. I am no accountant, but looking over the figures it seems the national debt is but a fraction of the net worth of our government, with the latter growing far quicker than the former. Does anyone here know more about this?
    Last edited by a moderator: May 4, 2017
  8. Apr 4, 2009 #7

    Ivan Seeking

    User Avatar
    Staff Emeritus
    Science Advisor
    Gold Member

    :rofl::rofl::rofl::rofl: Good whiskey, eh?


    So that makes Obama a foreign-domestic radical imperialist Christian-Muslim Communist Fabian socialist terrorist? I can hardly keep up with all of the labels!

    Of course that explains why he refused to nationalize the banks.
    Last edited: Apr 4, 2009
  9. Apr 4, 2009 #8

    Ivan Seeking

    User Avatar
    Staff Emeritus
    Science Advisor
    Gold Member

    Bush started an unnecessary war and raped the Constitution. He demonized himself.

    Obama has ~ a 70% approval rating.
  10. Apr 4, 2009 #9
    He has a majority approval rating bur, Ivan, you are exaggerating: http://www.gallup.com/Home.aspx

    Shame, Shame.
  11. Apr 4, 2009 #10
    Where better to position one's self to destroy this nation than in the government, at the top preferably? It has been pretty well demonstrated that this nation cannot be overthrown from without, but we have been warned repeatedly that we can be destroyed from within. There is nothing strange about having someone, bent on our destruction, worming his way into our government.

    I think it is safe to say that BO is the very first President to read and subscribe to Alinsky's Rules for Radicals. Most of our previous Presidents would have eschewed such ideas, but BO takes them to heart and he is acting upon them.

    You really should see a good ophthalmologist about that eye problem.
  12. Apr 4, 2009 #11
    Ivan, to compare our current situation to our post WW2 situation is fallacious. Yes, during WW2 we racked up a huge deficit and subsequently entered into a period of economic growth. However, there is nothing in common with post ww2.
    1) We don't have a large manufacturing base and are primarily a service oriented economy.
    2) following ww2, we were one of the few industrialized nations with a working economy (the euros of course had their factories and infrastructure destroyed by the Nazis)
    3) We were in a position similar to china's position today: we were able to loan out money to europe for their reconstruction and build or economic empire.

    I also argue that China does not depend on us as much as you might think. We cannot simply consider our budget deficits, we must also consider our trade deficit. The coupling of these two represents a net outflux of wealth from USA to China.

    I posit that the Chinese won't NEED us to buy their goods, because this outflux of wealth will enable them to purchase their OWN products.

    I don't think Obama / congress has done this intentionally. I think that they are missing the big picture because they are politicians. Their political survival depends on their ability to get this "crisis" under control - and as a consequence they aren't thinking 10-30 years into the future when these bonds come due. They are playing checkers, when they should be playing chess.
  13. Apr 5, 2009 #12
    I was actually including Bush in my comment.
    Even Obama states he believes that Bush was misguided and not an evil man. Perhaps he was being politique though I doubt it.

    I think we should be careful not to have a repeat of these McCarthy era sort of attitudes.
    I am not particularly familiar with Alinsky but just looked up these Rules for Radicals. I think that they are fairly coherant though the eleventh I find somewhat troubling. I think Bush&Co must have liked it.
    I might point out this one in particular though...
    By the way I saw my opthamologist and he gave me some nifty red tinted glasses. Lets see if they work.
  14. Apr 5, 2009 #13


    User Avatar
    Science Advisor
    Homework Helper

    No. Obama's plan may fail, perhaps even catastrophically, but it does not seek to destroy the nation.
  15. Apr 5, 2009 #14
    So what are you trying to say in the end? That Obama has infiltrated America's political system in order to destroy it? And no one in his administration who isn't out to destroy America (I'm sure you'll concede that there is at least one) took notice, but you did? What are you, a comedian?
Share this great discussion with others via Reddit, Google+, Twitter, or Facebook