2013년 11월 28일 목요일

About 'china debt clock'|Why I don't worry about the debt - View Inc. and Will Milne







About 'china debt clock'|Why I don't worry about the debt - View Inc. and Will Milne








(1/25/2011)               President               Obama               made               his               annual               State               of               the               Union               Address               tonight.

Unlike               last               year,               in               a               show               of               unity               some               democrats               and               republicans               actually               sat               together               and               I               saw               none               of               the               snickering               and               juvenile               behavior               form               last               year.
               The               President               seemed               to               be               in               high               spirits               as               he               shook               hands               with               the               U.S.

congress               on               the               floor               at               Capitol               Hill.

Rep.

Boehner               introduced               the               President               with               little               fanfare.

Obama               welcomed               in               the               new               House               speaker.

He               made               a               note               of               the               empty               chair               in               the               chamber               for               colleague,               and               friend,               Gabby               Gifford's               who               was               a               victim               of               a               shooting               in               Tucson,               AZ               earlier               this               month.
               I               will               paraphrase               in               some               cases               because               I               couldn't               type               fast               enough               as               to               what               President               Obama               said:
               It               is               no               secret               that               there               have               been               contentious               debates               and               that               is               a               good               thing.

That               is               what               a               good               democracy               demands.

Amid               the               noise,               passion,               and               rancor               of               our               public               debate,               Tucson               reminded               us               that               no               matter               whom               we               are,               or               where               we               come               from,               there               is               something               greater               than               our               differences.

We               are               part               of               the               America               family,               in               a               country               where               every               person               shares               a               common               dream.

That               sets               us               apart               as               a               nation.
               What               comes               of               this               moment               is               up               to               us.

It               will               not               be               determined               by               whether               we               can               sit               together               tonight               but               whether               we               can               work               together               tomorrow.

(Congress               stood               and               clapped               for               this               comment.)
               Obama               said               we               can               and               we               must.

That               is               what               our               people               have               sent               us               here               for.

We               will               move               forward               together               or               not               at               all.

At               stake               right               now               is               not               who               wins               the               next               election;               at               stake               right               now               is               whether               new               jobs               take               root               here               in               this               country               or               somewhere               else.

We               are               poised               for               progress.

Two               years               after               the               worst               recession               we               have               ever               known,               the               stock               market               has               come               roaring               back.

We               cannot               just               measure               ourselves               on               our               profitability.
               We               measure               our               success               by               whether               we               are               passing               on               a               better               life               to               our               children.

The               American               people               want               us               to               work               on               these               problems               together.

Thanks               to               the               tax               cuts               we               passed               in               December,               the               steps               we               took               by               Democrats               and               Republicans               will               help               but               we               have               to               do               more.
               The               steps               we               took               in               the               last               few               years               may               have               broken               the               back               of               recession,               but               we               need               to               do               more               about               our               spending               that               has               been               evolving               for               decades.

Back               in               the               day,               if               you               worked               hard,               you               could               show               up               at               the               factory,               get               benefits,               get               a               decent               paycheck,               and               maybe               be               proud               to               see               your               kids               follow               in               your               footsteps.
               Now               we               see               vacant               storefronts,               shuttered               factories               and               frustrated               men               and               women.

All               feeling               like               the               rules               changed               in               the               middle               of               the               game.

Revolutions               in               technology               have               transformed               the               way               we               work,               travel,               and               do               business.
               Today               just               about               any               company               can               hire               employees               and               set               up               shop               anywhere               there               is               an               internet               connection.

China               started               educating               their               children               earlier               and               longer.

They               are               investing               in               new               technologies               and               research.

The               world               has               changed.

The               competition               for               jobs               is               real,               but               it               should               not               discourage               us-               it               should               challenge               us.

America               still               has               the               largest               and               most               prosperous               economy               in               the               world.
               No               workers               are               more               productive               than               ours               are.

No               nation               issues               more               grants,               more               patents...

We               are               the               home               to               the               best               colleges,               and               the               first               nation               to               be               founded               for               the               sake               of               an               idea.

We               each               deserve               the               chance               to               shape               our               own               destinies.

That               is               why               our               student's               do               not               just               answer               problems,               they               answer               questions;               they               think               about               solutions.

We               cannot               just               stand               still.

The               future               is               not               a               gift,               it               is               an               achievement.
               Sustaining               the               American               dream               has               never               been               about               standing               pat.

It               is               about               each               generation               struggling               to               meet               the               demands               of               a               new               age.

We               know               we               have               to               out-innovate,               out-educate,               and               out-               build               the               rest               of               the               world.

We               have               to               make               America               the               best               place               in               the               world               to               do               business.
               Tonight,               I               want               to               talk               about               how               we               get               there:
               #               1:               Innovation
               -               Thirty-years               ago,               we               did               not               know               the               internet               would               change               the               playing               field.

We               are               the               nation               that               put               cars               in               driveways               and               computers               in               offices.

In               America,               innovation               does               not               just               change               our               lives               it               is               how               we               make               our               living.

Our               free               enterprise               is               what               drives               innovation,               because               it               is               not               always               profitable               to               drive               R&D.

At               times,               the               government               has               helped               to               offset               these               costs               to               help               encourage               these               breakthroughs.

We               had               no               idea               how               we               would               beat               Russia               to               the               moon               but               we               made               the               commitment               to               do               it.

(The               president               referred               to               Sputnik).
               We               unleashed               a               wave               of               innovation               that               generated               millions               of               new               jobs               and               revenue.

We               need               to               invest               in               environmental               research,               information               technology               and               clean               energy               technology.

We               have               to               re-invent               ourselves.

Our               energy               policy               is               changing;               we               are               telling               America's               scientists               and               engineers,               if               they               can               find               a               way               to               reduce               our               energy               costs,               we               will               help               fund               them.
               We               can               have               a               million               electric               vehicles               on               our               roads               by               2015               and               we               need               to               get               behind               the               innovation.

We               need               to               eliminate               the               tax               dollars               that               we               are               currently               giving               to               oil               companies.

They               are               doing               just               fine               on               their               won.

We               do               not               want               to               invest               in               yesterday's               energy;               we               want               to               invest               in               tomorrow.

Businesses               need               to               know               that               there               is               a               market               that               they               are               selling.

By               2035,               80%               of               energy               should               come               from               clean               energy               sources               (I               notedCongress               was               not               very               jubilant               over               President               Obama's               idea.)
               #2:               Education:
               Over               the               next               ten               years,               nearly               half               of               all               jobs               will               require               more               than               a               high               school               education.

America               has               fallen               to               ninth               in               terms               of               proportion               of               those               that               have               a               college               education               and               over               ¼               of               our               kids               do               not               even               graduate               high               school.

Family               instills               the               love               of               learning               in               a               child.

Only               parents               can               make               sure               the               T.V.

is               turned               off               and               that               homework               is               done.

Our               parents               need               to               stress               the               Super               bowl               winners               and               Science               Fair               winners               alike.

(That               got               a               rise               out               of               Congress)
               Our               children               need               to               know               that               success               is               not               a               function               of               PR               and               fame               but               of               hard               work               and               discipline.

Our               schools               share               this               responsibility               .A               classroom               should               be               a               place               of               high               expectations               and               high               performance.

Instead               of               pouring               money               into               a               system               that               is               not               working,               we               have               launched               a               campaign               to               have               schools               become               innovative.

We               want               to               leave               the               No               Child               Left               Behind               Act,               and               instead               focus               on               a               program               that               works               best               for               each               kid.

We               know               that               it               is               possible               when               reform               is               not               a               top               down               mandate;               when               applied               locally,               can               be               transformational.

We               want               good               schools               all               across               the               country.
               In               South               Korea,               teachers               are               known               as               nation               builders.

In               America,               we               should               show               our               teachers               who               teach               our               children               the               same               level               of               respect.

(That               got               a               standing               applause).

With               our               baby               boomers               retiring               from               our               classrooms,               we               want               to               make               sure               we               have               100,000               teachers               ready.
               Young               people,               if               you               want               to               make               a               difference               in               the               life               of               a               child,               and               our               nation,               become               a               teacher.

Our               country               needs               you.

(Another               full               out               applause)
               To               compete,               higher               education               must               be               within               the               reach               of               every               child.

We               modified               the               program,               and               took               out               the               middlemen.

I               also               want               Congress               to               make               a               permanent               tax               credit               of               $10,000               to               help               fund               education               over               a               four-year               period.

We               are               revitalizing               our               community               colleges               too.

If               we               follow               this               plan,               by               the               end               of               the               decade,               America               will               once               again               have               the               highest               proportion               of               graduates               in               the               world.
               Today,               there               are               over               100,000               students               in               our               schools               that               are               not               American               citizens.

Some               are               undocumented               workers,               who               grew               up               as               children               to               their               parents               who               came               here               years               ago.

Others               come               here               from               abroad               to               get               advanced               degrees.

Then               we               send               them               home               to               compete               against               us.

It               makes               no               sense.

I               am               prepared               to               work               with               congress               to               address               the               millions               of               undocumented               workers               who               are               now               living               in               the               shadows.

I               know               that               debate               will               be               difficult.

Let               us               stop               expelling               responsible               young               people,               who               could               be               enriching               this               nation.
               #3:               Rebuilding               America
               In               order               to               attract               new               businesses               to               our               shores,               we               need               high-speed               internet               and               high-speed               rail.

Our               infrastructure               used               to               be               the               best               but               South               Korean               homes               now               have               greater               internet               connections               than               we               do.

China               is               building               faster               rails               and               airports.

We               have               to               do               better.

America               is               the               nation               that               brought               about               electricity,               constructed               interstate               high               way               systems,               and               built               the               railroads.

We               must               re-double               our               efforts.
               We               need               to               repair               crumbling               roads,               and               pick               projects               based               upon               what               is               best               for               the               economy,               not               for               our               congressmen.

With               our               plan,               eighty               percent               of               America               can               have               access               to               rail.

You               could               go               places               in               half               the               time,               and               in               some               cases,               faster               than               flying,               without               the               pat               down.

(Major               chuckle               from               the               crowd               on               that               one.)
               With               my               plan               we               will               offer               ninety-eight               percent               of               our               population,               high-speed               internet               access,               connecting               America               to               the               digital               age.

Imagine               rural               community               farmers               and               small               business               owners               selling               their               products               all               throughout               the               world.

Think               about               a               student               that               can               take               classes               online               or               a               patient               that               can               have               video               chats               with               their               doctor.

All               these               ideas               will               help               America               compete.
               We               need               to               knock               down               the               barriers               of               economy.

We               have               accountants               and               lawyers               that               know               how               to               work               the               system               that               end               up               paying               no               taxes               and               yet               those               that               are               struggling               are               paying               more               than               they               can               afford.

It               makes               no               sense,               and               it               has               to               change.

We               must               simplify               the               system;               and               lower               the               corporate               tax               rate               without               adding               to               our               deficit.

(Another               standing               applause)
               To               help               businesses               sell               more               products               abroad               we               must               examine               ways               to               be               more               efficient.

How               do               we               double               our               exports               by               2014?

Our               exports               are               already               up.

We               set               up               agreements               with               India               and               China               that               will               support               250K               jobs.
               During               my               election               campaign,               I               said               I               would               only               promote               American               jobs.

When               we               find               rules               that               put               an               unnecessary               burden               on               businesses,               we               will               fix               them,               but               at               the               same               time,               we               need               to               enforce               protection               and               make               sure               we               have               fair               business               practices.

Regulation               helps               with               speed               limits,               child               labor               laws,               and               new               rules               to               prevent               a               financial               crisis,               reforms               to               stop               the               health               insurance               industry               from               exploiting               patients.
               Now               I               have               heard               rumors               that               some               of               you               still               have               concerns               over               our               new               health               care               law.

Let               me               be               the               first               to               say               that               anything               can               be               improved.

If               you               have               ideas               on               how               we               can               make               this               better,               more               affordable,               I               am               more               than               happy               to               entertain               them.

We               can               start               right               now               by               working               on               the               tax               loophole               that               makes               it               difficult               for               small               businesses               to               afford               care.

However,               what               I               am               not               willing               to               do               is               to               allow               insurance               companies               stop               treatments               .

This               law               is               helping               students               stay               on               their               parents'               coverage.

Let               us               fix               what               needs               fixing               and               let               us               move               forward.

(I               stood               up               for               Obama               on               this               one.

The               rest               of               the               congress               did               too)
               #4:               Reduce               our               debt
               We               are               living               with               a               deficit               spending               that               began               almost               a               decade               ago.

Some               of               the               spending               was               necessary               to               keep               jobs               going,               to               keep               our               economy               going.

We               have               to               accept               the               fact               that               our               government               is               spending               more               than               it               brings               in               and               we               have               to               do               something               to               fix               this.
               So               tonight,               I               am               proposing               that               starting               this               year               we               freeze               annual               domestic               spending               for               the               next               five               years.

This               would               reduce               the               deficit               down               by               400               billion               dollars.

The               freeze               will               require               painful               cuts.

We               have               already               frozen               government               worker's               pay               for               the               next               two               years.

The               Secretary               of               Defense               and               his               Generals               have               agreed               to               cut               millions               of               dollars.

Some               have               proposed               deeper               cuts               and               I               am               willing               to               eliminate               what               we               can               honestly               do               without               but               let               us               make               sure               we               are               not               doing               it               on               the               backs               of               our               most               vulnerable               people.

(Another               mild               roar)
               Twelve               percent               of               our               budget               is               tied               to               our               domestic               budget,               but               we               need               to               do               more.

The               bipartisan               fiscal               commission               made               this               crystal               clear               with               their               conclusion               to               cut               back               everywhere               including               but               not               limited               to               tax               breaks,               defense               spending               and               social               security.

This               means               further               reducing               Medicare/Medicaid.
               The               health               care               program               we               passed               last               year               will               help               a               little               but               it               is               not               enough.

I               am               willing               to               look               at               other               ideas               to               bring               down               costs.

Let               us               look               at               reigning               in               frivolous               medical               malpractice               lawsuits.

Let               us               find               a               bipartisan               solution               to               strengthen               social               security               for               future               generations.

We               cannot               put               those               current               retirees               at               risk               and               we               cannot               afford               to               slash               future               retirement               income.

We               cannot               afford               to               risk               our               seniors'               livelihood               and               have               it               tied               to               the               risk               of               the               stock               market.
               Before               we               take               money               away               from               our               children               or               our               schools,               we               need               to               ask               the               rich               to               give               up               their               tax               break               so               we               can               promote               success.

The               best               we               can               do               is               to               simplify               the               individual               tax               code.

Members               of               both               parties               have               expressed               interest               in               doing               this               and               I               am               prepared               to               join               them.

Now               is               the               time               to               act,               for               both               sides,               both               houses               of               Congress,               the               Democrats,               and               the               Republicans               to               compromise               and               get               the               job               done.

We               should               not               just               give               our               people               a               more               affordable               government,               we               need               to               give               them               a               more               efficient,               more               capable               and               more               responsible               government.
               For               that               reason,               I               will               put               forth               a               plan               to               reorganize               the               government.

There               are               twelve               different               agencies               that               deal               with               exports;               five               alone               that               deal               with               Salmon.

The               president               then               talked               about               the               way               salmon               was               regulated               by               different               agencies               based               upon               fresh               water,               salt               water,               or               whether               they               were               smoked.

(That               got               a               chuckle,               but               he               made               his               point.t)               We               need               to               cut               through               the               red               tape               but               we               also               need               to               think               bigger,               better,               more               efficiently.
               My               proposal               is               to               merge,               consolidate,               and               re-organize               the               government               to               be               more               efficient.

In               the               coming               year,               we               will               also               work               to               rebuild               people's               faith               in               the               institute               of               the               government.

For               example,               you               will               be               able               to               go               to               a               website,               and               get               the               details               on               government               spending.

Never               in               the               history               of               the               United               States               has               this               been               possible.

I               have               also               asked               Congress               to               do               what               the               White               House               has               already               done.

No               more               earmarks,               period;               if               a               bill               comes               to               my               desk               with               earmarks,               I               will               veto               it.
               We               need               a               21st               century               government               that               is               transparent,               driven               by               new               skills               and               ideas.

We               can               do               it               with               Reform,               Responsibility               and               Innovation.

It               will               also               require               us               to               approach               our               world               with               a               new               level               of               engagement               with               other               nations.

No               single               wall               separates               east               or               west.

No               one               superpower               is               aligned               against               us.

We               must               build               coalitions               that               cut               across               race,               religion,               and               region.
               Tonight               we               can               say               that               American               leadership               has               been               restored.

In               Iraq,               we               have               had               brave               men               and               women               who               have               left               with               their               heads               held               high.

American               combat               patrols               have               ended,               a               new               government               has               been               formed,               and               violence               is               down.

When               we               finish               the               job               of               bringing               our               troops               out               of               Iraq,               the               war               is               ending.
               As               we               speak,               Al-Qaida               and               their               affiliations               continue               to               plan               their               attacks               against               us               but               we               are               disrupting               plots               and               securing               our               skies.

We               have               respect               for               the               rule               of               the               law               and               the               understanding               that               American               Muslims               are               a               part               of               our               American               family.

We               have               taken               our               fight               to               Afghanistan               and               we               have               trained               troops               there.

We               are               denying               Al-Qaida               a               safe               haven.

We               are               strengthening               the               capacity               of               the               Afghan               people.

This               July               we               will               begin               to               bring               our               troops               home.
               In               Pakistan,               our               leadership               is               under               pressure.

We               have               sent               a               message               to               all               parts               of               the               globe,               we               will               not               relent,               we               will               not               waiver,               and               we               will               defeat               you.

(A               fierce               standing               applause               from               all)
               American               leadership               is               seen               in               the               worst               weapons               of               war.

The               Iranian               government               faces               tighter               sanctions               and               we               ask               North               Korea               to               keep               its               commitment               to               abandon               nuclear               weapons.

We               are               trying               to               shape               the               world               with               peace               and               prosperity.
               Around               the               globe,               we               are               supporting               those               that               take               responsibility.

Recent               events               have               shown               us               that               what               sets               us               apart,               it               is               not               just               our               power,               but               also               the               purpose               behind               it.

The               United               States               supports               the               citizens               of               Tunisia.
               I               thank               the               men               and               women               of               our               armed               services.

The               men               and               women               who               have               bravely               served               our               great               nation.

Our               troops               come               from               every               part               of               our               country;               they               are               Christian               and               Hindu,               Jewish               and               Muslim.

Starting               this               year               no               American               will               be               forbidden               to               serve               because               of               who               they               love.

With               that               change,               I               call               on               our               colleges               to               open               their               doors               to               our               ROTC.

It               is               time               to               move               forward               and               forget               about               the               past.
               We               are               reforming               our               schools,               reducing               our               debt               and               changing               the               way               we               form               energy.

Know               this.

We               will               argue               about               everything;               the               costs,               the               details,               the               letter               of               every               offer.

Of               course,               some               countries               don't               have               this               problem.

If               the               central               government               wants               a               railroad,               they               just               level               the               houses               that               are               in               the               way.

If               they               do               not               want               a               bad               story               in               the               newspaper               in               the               newspaper,               it               is               not               written.
               As               frustrating               and               contentious               as               our               system               can               be,               I               know               there               is               not               one               person               here               who               would               trade               places               with               any               other               person               in               any               other               nation               on               earth.

We               may               have               differences               in               policies               but               we               all               believe               in               the               rights               enshrined               in               our               constitution.

We               may               have               different               backgrounds,               but               we               all               know               that               anything               is               possible,               no               matter               where               you               come               from,               no               matter               who               you               are.

We               all               believe               in               that               dream.
               That               is               why               a               working               class               kid               from               Scranton               Ohio               can               sit               behind               me               (referring               to               Biden)               as               our               Vice               President.

That               is               why               a               guy               who               grew               up               sweeping               the               floors               of               his               dad's               bowery               can               become               the               Speaker               of               the               House.

That               dream.

That               American               dream               is               what               drives               small               business,               it               is               what               drives               students,               and               that               dream               is               the               story               for               every               one               of               us.
               Plan               B               was               formulated               and               designed               by               a               small               business.

A               firm               whose               employees               were               working               around               the               clock               trying               to               find               a               way               to               dig               men               out               of               a               hole               in               the               ground.

Thirty-seven               days               later,               after               Plan               B               was               conceived,               the               Chilean               miners               were               rescued.

The               owner               of               the               business               did               not               want               all               the               attention.

Instead,               he               left               and               went               home,               back               to               his               next               project.

When               one               of               his               employees               was               interviewed               by               the               press               he               told               the               reporter,               we               proved               that               Center               Rock               is               a               little               company               but               we               do               big               things.
               We               do               big               things.

From               the               earliest               days,               America               has               been               a               land               of               innovators               and               dreamers.

We               might               say               I               may               not               come               from               a               family               of               graduates,               but               I               will               be               the               first.

Or               we               might               say               I               might               be               able               to               help               those               people               in               trouble.

I               am               not               sure               how               we               can               reach               that               place               in               our               future               but               I               know               we               can.

We               need               to               do               big               things.
               America               endures.

Our               destiny               remains               our               choice,               and               for               more               than               two               centuries;               it               is               because               of               our               people               that               our               future               is               hopeful.
               Thank               you               Goodnight               and               May               God               Bless               the               United               States               of               America.
               My               commentary               on               President               Obama's               speech:
               It               was               one               of               the               best               speeches               I               have               ever               heard,               from               anyone.

It               reminded               me               of               Bill               Clinton               in               his               delivery               and               Martin               Luther               King               in               his               doctrine.

Here               are               the               highlights               from               my               perspective.
               Wow!

A               major               government               re-organization.

I               would               love               to               see               that.

That               has               been               my               contention               all               along.

It               is               too               big               to               be               effective               and               too               disconnected               to               be               affordable.
               Education:               I               am               a               recent               graduate,               having               gone               back               to               school               at               age               35.

After               10               years               of               almost               continuous               schooling,               I               went               from               a               high               school               degree               to               obtaining               my               MBA.

When               I               was               in               high               school,               I               struggled               with               math.

In               college,               after               a               very               difficult               learning               curve,               I               finally               got               "it."               I               told               an               instructor               that               I               was               having               trouble               with               the               symbols               and               she               converted               the               symbols               to               words               and               I               instantly               understood               the               equations.

It               turned               out               I               had               a               mental               block               with               the               symbols               but               I               certainly               understood               the               concepts               and               could               apply               the               math               easily               once               I               could               read               the               words.

Within               a               few               years,               I               noticed               all               of               our               books               had               been               updated               to               include               the               words               along               with               the               symbols               and               I               did               really               well               after               that               with               math.
               Additionally,               when               I               attended               college               online,               I               was               able               to               balance               my               work,               education               and               personal               life.

Kids               are               doing               so               much.

There               is               not               enough               down               time               to               relax,               think,               and               just               be.

No               wonder               so               many               of               them               are               depressed               and               struggling.

They               need               to               enjoy               life               at               that               age               too.

With               access               to               people               from               all               over               the               world,               a               person's               environment               is               affected.
               The               boundaries               that               were               once               obvious               based               upon               class,               religion,               race,               location,               language,               are               easily               scaled.

Diversity               can               make               us               even               stronger               if               we               do               not               allow               our               fear               of               the               unknown               to               put               us               on               the               defensive.

I               wholeheartedly               support               a               stronger               infrastructure               focusing               on               improving               education,               and               our               health               care               system,               as               well               as               creating               new               jobs,               small               businesses,               and               strengthening               larger               businesses               by               keeping               jobs               at               home.
               I               want               our               troops               to               come               home               too.

I               am               afraid               they               will               come               and               find               a               depressed               nation.

People               afraid               to               spend               money,               people               afraid               and               losing               their               homes,               few               jobs               and               fewer               benefits.
               We               must               reverse               this               trend,               and               I               think               President               Obama               painted               a               pretty               clear               vision               not               only               of               how               we               are               going               to               do               it               but               as               a               strong               leader,               one               capable               of               adapting               and               continuing               to               do               the               right               things               for               our               nation.
               Source:
               CNBC,               1/25/2011               -               President               Obama's               State               of               Union               Address,               9               pm               -               10:13               pm






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