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 |
Image of china debt clock
china debt clock Image 1
china debt clock Image 2
china debt clock Image 3
china debt clock Image 4
china debt clock Image 5
Related blog with china debt clock
- taoofpolitics.blogspot.com/...what "honest" meant, in Europe they didn't know what "shortage" meant, in China they didn't know what "opinion" meant, in the Middle East they didn't know what...
- thewhitedsepulchre.blogspot.com/...appropriate this morning to look at the U.S. National Debt Clock . Go here. The average citizen has a...I'm uniquely qualified to go to China during vacations and holidays...
- biiwii.blogspot.com/... in the rigging of a US-China cozy vendor financing scheme and more...there on top of us? When does the debt clock stop and come due? When our kids foot...
- greenscallions.blogspot.com/... the size and weight of the new Debt Clock, Halliburton experts believe that a... by our friends in China with the 3-D option. Special Government ...
- thisjustin.wordpress.com/... around the clock to find alternatives... exploring China’s receptivity to ...should the U.S. default on its debts in coming weeks...
- aw2w.blogspot.com/...source of the new value needed to back the debt repayments you find yourself chasing from the factories in China to the murderous conditions in Bangladesh...
- jds-midknightreview.blogspot.com/...now or pay me later" with the debt. Cuts today, will not be as drastic as...we actually run out of money or when Japan and China and whoever else who lends to the US...
- theautomaticearth.blogspot.com/... investing in distressed debt was the worst performer, ...in Congress has become a race against the clock and the companies’ dwindling...
- thesimplefacts.wordpress.com/...they all were , it would have been nice to shave something off the ol’ debt block (er… Clock .) China had, at its peak, $205.4 billion in short-term T-Bonds, that’s...
- bucksstories.blogspot.com/... bills, not for new work. There was also a lot of noise about China holding our debt like a parent who might withhold your allowance. Well, they already hold the debt and...
China Debt Clock - Blog Homepage Results
...Nasdaq OMX Group NASDAQ OMX Announces Debt Refinancing Actions 20.09...21, 2011, 03:35 BHP Billiton Sales Into China Jumped To $20.3 Billion In Last Year Wednesday...
Related Video with china debt clock
china debt clock Video 1
china debt clock Video 2
china debt clock Video 3
0 개의 댓글:
댓글 쓰기