The demise of the dollar

[JohnDeere 0]

How so?

Nothing opens like a Deere!

You ignorant fool! Checks are for workers!

[billvon 2,998]

>I understand where your coming from but it would cut down cost by alot!

I don't think it would. If you look at what the CBO claims, income from illegal aliens is pretty close to their costs. For example, from the CBO:

Iowa income from illegal aliens: $70.9 million
Iowa costs due to illegal aliens: (education, health care, legal) $107.4 million

Colorado income from illegal aliens: $194 million
Colorado costs (education, medicaid, corrections) $225 million

So it would reduce it slightly. Take away the legal costs of chasing down, arresting and incarcerating illegal aliens and it would be about a wash.

[DrewEckhardt 0]

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The problem is i think they clame more depedent's than they have since they wont be filing for a refund and there illegal. So they contribute some but not as much as they should.

They are not the total source of our problem but they are a major part of it. That is a whole other topic but my opinion is that they way they hurt our economy is by welfare/SS/ and medical. Those are the main 3 as i see it.

There are no exemptions allowed for the 15.3% SS + medicare tax, making for 8.5 billion dollars a year that can't be matched up to a valid tax ID. Claiming 1 dependant or 10 doesn't change the tax with-held.

With no valid social security number, illegal immigrants also aren't eligible for welfare, Social Security, or Medicare.

[JohnDeere 0]

I will look that up later . But i do think it makes a bigger diff. than that. That doesnt seem to include welfare, local social services etc. About the legal side, I would bet that more money is spent on charging illegal's with crimes rather than illegals being charged with just being illegal as you are suggesting. Also i dont know to many state that couldnt use 30 million right now. Also i would like to see stats that have alot more illegals (cali, texas, etc)

Nothing opens like a Deere!

You ignorant fool! Checks are for workers!

[JohnDeere 0]

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There are no exemptions allowed for the 15.3% SS + medicare tax, making for 8.5 billion dollars a year that can't be matched up to a valid tax ID. Claiming 1 dependant or 10 doesn't change the tax with-held.

I understand that. But it does reduce federal income, which last i checked help's pay for alot of thing's in this country.

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With no valid social security number, illegal immigrants also aren't eligible for welfare, Social Security, or Medicare.

By law they are not supposed to get those services. But they do!

Nothing opens like a Deere!

You ignorant fool! Checks are for workers!

[Lucky... 0]

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this is the end now...

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In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.

Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.

The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition from dollar markets within nine years.

The Americans, who are aware the meetings have taken place – although they have not discovered the details – are sure to fight this international cabal which will include hitherto loyal allies Japan and the Gulf Arabs. Against the background to these currency meetings, Sun Bigan, China's former special envoy to the Middle East, has warned there is a risk of deepening divisions between China and the US over influence and oil in the Middle East. "Bilateral quarrels and clashes are unavoidable," he told the Asia and Africa Review. "We cannot lower vigilance against hostility in the Middle East over energy interests and security."

This sounds like a dangerous prediction of a future economic war between the US and China over Middle East oil – yet again turning the region's conflicts into a battle for great power supremacy. China uses more oil incrementally than the US because its growth is less energy efficient. The transitional currency in the move away from dollars, according to Chinese banking sources, may well be gold.

http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.html

I'm surprised it took so long for somebody to post this. I predicted a long time ago (on this site) that the world has had enough of American imperialism and other countries were going to gang up on the USA, military wise and economicaly wise. This is just the beginning. It isn't going to be pretty. The USA needs to back off fucking w/ everybody and take care of their own. There isn't a damn thing we need from other countries. We have everything we need right here. Seal and guard the borders. Fuck the rest of the world. Flame away people.

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The USA needs to back off fucking w/ everybody and take care of their own.

Flame away? Why, that was brilliant.

[Lucky... 0]

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to bad the fucked up liberals in power won't do what is needed. they don't have the courage to take care of the US and forget what other countries feel. We do have all we need here and we should spend all of our money and efforts building our country and stop sending money to the middle east and other countries that don't like us. We need to seal our borders and send home the illegals, then when we get ourselves back on track we can once again help others. After a while the countries that lost our support will apreciate the help we will be able to afford.

We have sold our country to China while helping other countries that spit in our face. It is time to stop and help ouselves. If we keep on our currant path we won't have anything for ourselves much less other countries.

I agree, we out to go kill a few hundred thouand people of a foreign land, that always brings us back on our feet.

[billvon 2,998]

>About the legal side, I would bet that more money is spent on charging
>illegal's with crimes rather than illegals being charged with just being
>illegal as you are suggesting.

That may be true, but on average US citizens get arrested more often than immigrants. So while it is indeed a liability, it would seem less of a liability than our citizens present (both in percentages and in absolute numbers.)

>Also i would like to see stats that have alot more illegals (cali, texas, etc)

They are much higher; I've seen estimates between 4 and 10 billion a year. On the other hand, California gives back to the federal government far more than it takes in in taxes - so something about that system works.

To put it another way, if every state had the same 'problem' California did, your taxes would go down.

[Lucky... 0]

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I still support the war and believe it is in our best interest, but that doesn't mean we should spend billions on contries that don't like us or our way of life. they take the money but then criticize the way of life that produced it, that is being hypocritical.

We've already spent 1,000 billion on teh war and they don't like us, so you're saying to leave? I couldn't agree more.

[Lucky... 0]

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That's not a liberal/conservative issue. It's a fiscal responsibility issue, and since 1980 the USA hasn't seen any real fiscal responsibility in it's government.

I remember that Clinton guy didn't do too bad. Seems as tho he turned a deficit into a surplus and leveled off a 12-year debt increase of 250B/yr. That GHWB guy didn't do too bad either, considering he had to fight his own party that wanted 8 more years of failed Reaganomics....he refused and was outed by his own.

[Lucky... 0]

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There isn't a damn thing we need from other countries. We have everything we need right here.

Right!

Well, except chromium.

Oh, and manganese.

But other than those we have everything we need.

Except platinum. And cobalt, don't forget cobalt.

Did I mention neodymium?

Oh, and tin, and nickel, and diamonds, and gold.

Yea but we have the best god damned maccaroni and cheese that Kraft..... world reknown and desired; they can't live w/o us.

[DrewEckhardt 0]

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I understand that. But it does reduce federal income, which last i checked help's pay for alot of thing's in this country.

The vast majority of illegal immigrants are in the lowest two income quintiles which -6.6 and -1.8% average income tax rates when people file and take advantage of their refundable tax credits.

Poor people don't pay income tax.

[kallend 2,027]

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How so?

Just reading what you wrote. Of course, what you wrote may not be what you meant.

...

The only sure way to survive a canopy collision is not to have one.

[marks2065 0]

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I understand that. But it does reduce federal income, which last i checked help's pay for alot of thing's in this country.

The vast majority of illegal immigrants are in the lowest two income quintiles which -6.6 and -1.8% average income tax rates when people file and take advantage of their refundable tax credits.

Poor people don't pay income tax.

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and how many americans are umemployed or on welfare that would like to come up to the income level the illegals are at?

[Skyrad 0]

Every dog has its day.

When an author is too meticulous about his style, you may presume that his mind is frivolous and his content flimsy.
Lucius Annaeus Seneca

[Skyrad 0]

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We have everything we need right here. Seal and guard the borders. Fuck the rest of the world.

Sounds like you might like North Korea

When an author is too meticulous about his style, you may presume that his mind is frivolous and his content flimsy.
Lucius Annaeus Seneca