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Silver Wheaton Corp. Message Board

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  • ilap2004 ilap2004 Jan 7, 2013 10:09 AM Flag

    A Trillion Dollar Platinum coin?-Some are serious


    The jackasses had the House and Senate for four years 2007-2010. That was when we started having regular deficits in excess of a trillion dollars. We didn't have anything approaching trillion dollar deficits prior to that even with Iraq going full bore and Iraq is now over with to boot, which would have pretty much been the case by now no matter who won US elections.

    It's necessary to set the record straight because jackasses keep trying to rewrite history in Orwellian 1984 fashion and make it seem like the enormous deficits are a legacy of the Bush years that Obama is manfully struggling to overcome, but so far failing for reasons which are never explained. All the spending ADDED by Obama magically disappears from this story in Ministry of Truth fashion.

    per Wikipedia:

    "In George Orwell's novel Nineteen Eighty-Four, the Ministry of Truth is Oceania's propaganda ministry. It is responsible for any necessary falsification of historical events. The word truth in the title Ministry of Truth should warn, by definition, that the "minister" will self-serve its own "truth"; the title implies the willful fooling of posterity using "historical" archives to show "in fact" what "really" happened. As well as administering truth, the administration deploys a new tongue-in-cheek language amongst administrators called Newspeak, in which, for example, truth is understood to mean statements like 2 + 2 = 5 when the situation warrants.

    It is one of the four ministries that govern Oceania. However, as with the other Ministries in the novel, the Ministry of Truth is a misnomer and in reality serves the opposite of its purported namesake.

    The Ministry of Truth is involved with news media, entertainment, the fine arts and educational books. Its purpose is to rewrite history and change the facts to fit Party doctrine for propaganda effect. For example, if Big Brother makes a prediction that turns out to be wrong, the employees of the Ministry of Truth go back and rewrite the prediction so that any prediction Big Brother previously made is accurate."

    The poster I responded to is pretty Orwellian.

    It is true that the recession and bank bailouts both ballooned the 2009 deficit. However the recession officially ended 3-1/2 years ago and the bailouts ended around the same time. They have nothing to do with current enormous deficits. Outlays were $2.7 trillion in the 2007 fiscal year and are projected at $3.8 trillion this year, A FREAKING 40% INCREASE! And note that Obamacare spending doesn't kick in until 2014.

    This doesn't mean the pachyderms were tightwads when they controlled both chambers for four years from 2003-2006. However, everything's relative, and relative to what's happened since then is like comparing a child playing with matches to a professional arsonist.

    Now we're getting tax rates on "the rich" reverting to pre-2003 levels. That's another part of the Orwellian story - that some enormous revenue shortfall occurred after "the Bush tax cuts" because of all these huge tax breaks that went to "millionaires and billionaires". That was my tongue in cheek point about how all our budget problems are solved now.

    This topic is deleted.
23.05-0.51(-2.16%)Jan 23 4:02 PMEST

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