With A Friend Like This - - - - -
Printed From: The BaitShop
Category: The CoffeeCorner
Forum Name: Military, Veterans, LEO, Fire and Rescue
Forum Description: These men and women put their lives on the line every day for us and we say THANKS! Forum dedicated to Lance Corporal Jeremy Scott Sandvick Monroe, USMC - KIA Iraq 8 OCT 2006
URL: http://www.baitshopboyz.com/forum_posts.asp?TID=19425
Printed Date: 26 March 2026 at 20:01
Software Version: Web Wiz Forums 11.10 - http://www.webwizforums.com
Topic: With A Friend Like This - - - - -
Posted By: CB900F
Subject: With A Friend Like This - - - - -
Date Posted: 07 March 2010 at 08:57
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Fella's; President Obama has proposed a 1.4% pay increase for active duty military in 2011. This would be the SMALLEST MILITARY RAISE SINCE 1973! Nice to know that during a time of rampant inflation, while war is fought in 2 theaters, our men and women in uniform get A LOWER PAY INCREASE THAN WELFARE RECIPIENTS!!! Please repost if you support our troops. 900F ------------- Birth certificate!? He don't need no steenkink birth certificate!! |
Replies:
Posted By: Guests
Date Posted: 07 March 2010 at 09:01
Actually with the proposed taxes, and benefit contributions, that might even be a cut... During a war, it speaks volumes for the bum...aka Commander in Chief. What a leader.
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Posted By: rivet
Date Posted: 07 March 2010 at 15:02
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Well....I gues you all got what you voted for. I sure didn't vote for him. -------------  FIRE IS OUR FRIEND!
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Posted By: Guests
Date Posted: 08 March 2010 at 03:18
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Rivet, that deserved a triple Roll On The Floor and Laugh My Ass Off. Was that directed to Mule |
?Posted By: stinky
Date Posted: 08 March 2010 at 08:10
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He pulled the same thing last year (at least I think that he did) as he proposed the same SORT of increase to SS recepients and gubment employees. Therefore, I assume that he pulled the same thing w/the military. Also, gubment employess got something like 2.2% this year. ------------- John 14:6 |
Posted By: Guests
Date Posted: 08 March 2010 at 08:15
| That government employee thing is tricky. so the across the board increase is 2.2%. But all of the Obama and new employees are not held to that. Als changes is grade/promoptions are not bound by that. More FAT. |
Posted By: Muleskinner
Date Posted: 08 March 2010 at 20:56
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CB, This is not a time of rampant inflation. We have very little inflation right now. This is why there was no increase for social security recipients either. ------------- Mule |
Posted By: CB900F
Date Posted: 08 March 2010 at 21:56
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Mule; I'll agree that inflation isn't rampant - yet. But there is very evident inflation inflation occuring in the U.S. economy at this time. I see it in my industry. We all see it at the gas pump. When a country spends a trillion dollars it does not have, the international financial community will devalue that country's monetary unit in comparison to those of stronger national economies. Since the U.S. now produces virtually no hard goods of it's own manufacture, there's very little domestic buffering. Hang on to yer ass, Mule, it's gonna be a helluva ride. 900F
------------- Birth certificate!? He don't need no steenkink birth certificate!! |
Posted By: Muleskinner
Date Posted: 12 March 2010 at 23:16
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I think it is inevitable. Interest rates will head up by the end of the year. They can't stay low with all this debt being issued. China and the other foreign nations that own the bulk of our debt will want more. The big question is, with all this interest we'll be paying on all this new debt, will it drive us farther into the red, or will somebody finally cut something? Of course, the easy way will be to raise taxes, and that's probably the answer that will be chosen by our wise and responsible leaders. We're running our house on credit cards, using debt to pay debt. Makes that shack in Montana look pretty appealing. EVERYBODY better get used to belt tightening, the sooner the better! No sense in complaining about the big sucking sound. We were warned. ------------- Mule |
Posted By: Guests
Date Posted: 13 March 2010 at 01:09
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Interest rates go up when businesses invest in new capital goods, building, computers, machinery, etc. But since we no longer have a manufacturing economy, there is need for much business capital investment in the USA. So the big USA debt is with the government over spending, and individuals buying house at inflated prices and buying Chinese and foreign made consumer goods (which never make money, only depreciate fast). So the government and the consumers are the debt driving forces in the USA. Once this countries fat from previous generations is eaten up, down hill all the way...give it 10-15 years.
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Posted By: Muleskinner
Date Posted: 09 June 2010 at 09:57
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America's debt is largely owned abroad. It has always been a solid investment for risk adverse countries and corporations around the world. Now, with America drowning in unprecedented debt, with significant new obligations coming down the pipe (e.g. social security, medicare) the attractiveness of America's notes and bonds is lessened, and higher rates will be required to make them attractive again compared to other alternatives. Free enterprise rules apply to government debt as well. ------------- Mule |