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Author Topic:   Social Unrest?
Phat
Member
Posts: 18350
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.0


Message 107 of 109 (639904)
11-04-2011 6:45 PM
Reply to: Message 15 by frako
10-18-2010 12:13 PM


Invest In Americans
Frako writes:
would you given only 2 possible options pay a Mexican 70$ to mow your lawn, or 100$ to an American. these are the only 2 options and you do not know anyone of them personalty.
I would pay the American, and here is why. Note this statistic:
Here's a quick and fascinating breakdown by total amount held and percentage of total U.S. debt, according to Business Insider:
Hong Kong: $121.9 billion (0.9 percent)
Caribbean banking centers: $148.3 (1 percent)
Taiwan: $153.4 billion (1.1 percent)
Brazil: $211.4 billion (1.5 percent)
Oil exporting countries: $229.8 billion (1.6 percent)
Mutual funds: $300.5 billion (2 percent)
Commercial banks: $301.8 billion (2.1 percent)
State, local and federal retirement funds: $320.9 billion (2.2 percent)
Money market mutual funds: $337.7 billion (2.4 percent)
United Kingdom: $346.5 billion (2.4 percent)
Private pension funds: $504.7 billion (3.5 percent)
State and local governments: $506.1 billion (3.5 percent)
Japan: $912.4 billion (6.4 percent)
U.S. households: $959.4 billion (6.6 percent)
China: $1.16 trillion (8 percent)
The U.S. Treasury: $1.63 trillion (11.3 percent)
Social Security trust fund: $2.67 trillion (19 percent)
So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.
In order to pay back the social security trust fund so that we can retire, we need to invest in US labor and get US citizens to be productive enough to help pay back the debt.
Edited by Phat, : fixed color

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 Message 109 by Jon, posted 11-05-2011 11:12 AM Phat has not replied

  
Phat
Member
Posts: 18350
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.0


Message 108 of 109 (639957)
11-05-2011 9:27 AM
Reply to: Message 106 by crashfrog
10-24-2011 11:22 PM


Re: The sobering reality
The problem in part, as I see it, is that Republicans are willing to create lower paying jobs even as they lay off the higher priced workers. Its almost as if there was a wage bubble...yet inflation has eaten up much of that bubble.
At the grocery store that I work at, top wage was $15.00 an hour fifteen years ago, and just $17.00 today. The corporations, however, want to pay around ten dollars an hour max...and are giving new job opportunities to desperate people scarred by the recession.

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 Message 106 by crashfrog, posted 10-24-2011 11:22 PM crashfrog has not replied

  
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