I'm going to go easy on you because I believe you are speaking from ignorance, not malice.
[quote]Government is not the cancer. The rich are the cancer. Who owns the papers? Not the government. The rich.
Who are "the rich"? According to the government it's anyone earning more than $120k/yr, which is not bad, but far from rich. A few million dollars is great, but not rich.
The billionaires like Soros, the Kochs, the Walton's, the House of Saud, Buffett, Bettencort, Murdoch, Adelson, Bloomberg, Mikhelson...the vast majority have never most of these people but they own the newspapers and cable companies and control what you see and hear. If they want a story quashed..the media quashes it.
Why are these rich fuckers a cancer? Well, because they CONTROL the government. They own the banks, they own the media, and they are "above the law" and the government does anything they want it to do.
There are a few very wealthy people that have made their money honestly, but most of them use their control of the government and media to make themselves even richer and more powerful.
In that case, wouldn't it make sense to REDUCE THE POWER OF THE GOVERNMENT so that these people have less power? Make government more local, more responsive to the needs of the people in the local community, more accountable to the people?
[quote]"the overall percentage of the budget that goes to servicing the debt is also growing."
No, but that is only due to the manipulations of these powerful people, who control the central banks and Federal Reserve and are trading long term (30 year) debt for short term (3mo-2yr) debt that WAS driving interest rates lower. Now the game is falling apart, and interest rates are going MUCH higher. Look at 30yr mortgage rates- they are up 23% in just a few months. That will KILL housing, and destroy any new construction.
[quote]Interest on debt today is 6% of federal expenditure.
Yes, but (as shown above) only because they traded higher long term rates for lower short term rates.
Look at the current Federal Reserve policy of QEInfininty-
The Federal Reserve has been buying the vast majority of new USTreasury bonds, and a large fraction of USMortgages. The mere hint that they might let the "evil free market" find a natural interest rate for those Tbills and Mortgages has panicked the (bankster manipulated unfree as hell)market.
That should tell you how precarious this system really is.
Let me explain, in simple terms, QEinfinity.
Imagine you had a business and had 5,000 lines of credit---
CREDIT LINE ONE- 4,000@ 30yr @6%
CREDIT LINE TWO -800@ 10yr @4%
CREDIT LINE THREE- 200@ 2yr @2%.
You hit a rough patch, and need to refinance. That 6% rate is killing you, so you sell some of the 30yr and refinance at 2yr rates. You hope that reducing your long term borrowing costs you will be able to "grow out" of this rough patch.
After a year, your credit profile is this---
CREDIT LINE ONE- 200@ 30yr @5%
CREDIT LINE TWO- 800@ 10yr @3.5%
CREDIT LINE THREE- 4,000@ 1yr at 1.25%
You have succeeded! Your credit costs are much, much lower!!! Yahoooo, big party!
But remember, your company is the biggest in the world, and can temporarily control these rates, but exogenous shocks could cause problems. You can't fool Mother Nature.
Suddenly Muthafucking Nature (aka the free market) causes interest rates to rise and those 4,000 1yr @1.25% must be rolled over and the interest rate is 5%, or 10%.
Suddenly your payments rise, hard and fast.
That's what happening to the USGov today.
Research Austrian economics, and you will understand why the current system is doomed.
Maybe tomorrow. Maybe 10 years from now. But it will die, and the little people will suffer.
[quote]In FY91, interest was 11% of federal expenditure.
And soon they will go to 50% of expenditures.
[quote]With the government borowing at rates close to 0%, there has never been a better time to run a deficit at any time in American history.
As above, that deficit is artificial and based on being able to print trillions of dollars at zero interest. When the party ends the US will be in deep shit.
[quote]You do not hear this from the Main Stream Media because it has a right wing bias.
No, it has a GOVERNMENT bias. No left or right, just towards the government. Look at how Ron Paul was shut out- freeing black men from prison, stopping the wars, reining the banks, stopping corporate welfare- these were too much for the Republicrats to handle.
[quote]The reason the media is sinking into irrelevance today is because that is what the right wants. They are the ones who bought control of all the newspapers and television stations to squash leftist views. They are the ones who suppressed UPI so that AP would be the ONLY source of news for most Americans. They are the ones who are firing all the reporters and insisting on celebrity "news" instead of real news.
Really, no. The media is just in the pocket of the wealthy, and the bottom 99.99% get screwed. That is why the Internet has changed the game.
Maybe you should look for news on the Internet!
[quote]When the fairness doctrine was repealed, there was an organized effort to give the US a conservative media monopoly.
Eh, maybe, but the INTERNET CHANGED THAT. Jesus, look at the news online. Fuck NBCBSFoxNN.
[quote]They didn't care that they would now lose money on their newspapers because the target was to control the voters, not make money.
DINGDINGDING! That is why these billionaires control the media outlets and use the power of government regulation to A)STOP COMPETITON and B)BRAINWASH SIMPLE MINDED PEOPLE!
[quote]They were not and are not "businessmen" in any traditional sense of the word.
No, they are just government protected parasites. It makes me sad when people like you support them.