MercoPress. South Atlantic News Agency
“Bellwether” Fed member says massive bond buying program could be tapered in October
The US Federal Reserve could still scale back its massive bond buying program at an October meeting should data point to a stronger economy, St. Louis Fed President James Bullard said on Friday. “October is a live meeting” he told Bloomberg television. Read full article
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Disclaimer & comment rulesThey're doing better than Bush, but I'd like to see them put to rest this bond-buying spree. I don't really know what it is, but let's get more fiscally stable.
Sep 21st, 2013 - 09:17 pm - Link - Report abuse 0@1 Ayayay
Sep 22nd, 2013 - 04:04 am - Link - Report abuse 0“They're doing better than Bush”, is a bit of a general statement.
According to Wikipedia, “National Debt of the U.S.”;
Under G.W. Bush the U.S. debt went from 3.4T to 6.4T in 7 years.
An increase of 3T.
Under B. Obama, the U.S. debt went from 6.4T to 12T in 4.5 years.
An increase of $5.6T.
Bush = $.4T of extra debt per year.
Obama = $1.2T of extra debt per year.
Obama is borrowing 3x more money than Bush did per year.
Under Bush federal debt averaged 65% of GDP.
Under Obama federal debt averages 90% of GDP.
When you say, “They're doing better than Bush”. Do you mean the Obama administration is being more “fiscally stable” than the Bush administration?
First I want to state that both are bad for my country in their own special ways, that is....Bush and Obama. But when you tally that national debt that I carry the burden on, there is an old saying that “figures don't lie but liars figure”. Again, not to be calling you a liar, but your assignment of debt is a overly simplistic view of the issue. When you assigned the debt to Obama, did you account for the war debt at the staggering tune of 720,000,o00 a day....A DAY!!! I thank Dubya for the lie he presented to the UN....no one else.
Sep 22nd, 2013 - 10:34 pm - Link - Report abuse 0So yes.....Obama tallied more national burden of debt the Georgie did, primarily due to previous obligations attributed to a lie.
For the sake of comparative purposes, remove the cost of the wars and recalculate the debt tally, what does that amount to?
Don;t forget the unemployed.........85% of the people that lost jobs in this recession lost them between October 2008 and March of 2009, I know I was one of them “restructured”. One can hardly attribute that and the bailouts to Obama. Obama has his own special claim of incompetence and the debt and unemployed is not it.
For the record.....US national debt 9/2001 was 5.8 trillion 9/2009-11.9 trillion. Bush budgets used the wars as ”OFF BUDGETS COSTS. National debt as 9/2012-16.06 trillion.
Compliments of the US Treasury: I prefer this over wikipedia
http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm
@3 Cap'n Poppy!! :D There you are! And great analysis, you stated it well.
Sep 23rd, 2013 - 02:01 am - Link - Report abuse 0AAlso, I have a Q. My Argentine is going to come on a tourist visa-but I myself have never had to do a visa. (Thank GOD Americans usually don't have to.) I was wondering do you know how quick they approve?
Also, if you don't mind one more Q, he's going to have his family on both sides I think (extended fam in the U.S.) vouch to cover his finances because he's on a studentish budget. Though he has --some-- savings. Think that --may-- fly?
I've been reading internet forums looking for these answers but I would super appreciate the cap'n Poppy Perspective.
Tourist visa's from the USA is not difficult to get and you don;t have to prove any finances. Any criminal records or things like that will cause problems.....any legal issues. He may be waiting a couple of months for the interview and sometimes the bureaucrats doing the interview is a dickhead. Does he speak English? It helps during the interview because questions and answers get lost in translation sometimes. Unfortunately no one else is allowed with the applicant during the visa interview. However, that being said, if he has no legal problems, it should be smooth sailing. He is from Argentina....yes? Too bad he did not apply sooner because former Ambassador Martinez ran a great embassy there and was fair to deal with as I had interactions with her and staff over my extended family issues. No new one has been choosen yet and a career diplomat is filing the spot for now, usual course with politics involved. Good luck
Sep 23rd, 2013 - 09:28 am - Link - Report abuse 04. In my experience if he is between 19-35 y/o unmarried with no property or job in Argentina he won't get a tourist visa.
Sep 23rd, 2013 - 02:12 pm - Link - Report abuse 0Ayayay, yankee is correct about employment. If he is unemployed he is highly likely to be denied unless he is a full-time student. Property ownership will not affect, but being unemployed will. Someone unemployed and traveling internationally is going to be a flag, unless of course they are financially self sufficient or a student. Even then, if you can convincing make you case that he is being financially covered by family in the US he may make it. The concern is that once he is here he will overstay his visa. But as I said it all comes down to the interview and conservative bureaucrats tend to take an approach with preconceived impressions, especially latins, unless you are Cuba then we welcome you anywhere in the USA.......We've made it a law that all tourists are assumed to be trying to immigrant.......kind of./......everyone is guilty until proven innocent. Not smart.....but it is a law. His interview is extremely importantly.
Sep 23rd, 2013 - 02:51 pm - Link - Report abuse 0True story.........Bushes crew was here when they went to Visas and my father in law applied. He is a physician. The guy doing the interview berated him him, called him names because he could not speak English, denied his visas and literally said...“now get the hell out of here”. Little did the “dickhead” realize his was related to a natural American and I filed complaints and went through my Senator over that. He got his Visa and I never saw that dickhead at the embassy.
The interview is everything.
Argentina lost visa waiver when the economy crashed and 250K overstayed their travel visa that year. They will never get the visa waiver again.
Sep 24th, 2013 - 11:57 am - Link - Report abuse 0The interview is important but again, if he is between 19-35, unmarried with no property or job he won't be getting the visa. Its an unwritten rule. I have had many friends denied travel here.
They won't officially deny it with a no entry stamp they'll just keep making you come back until you get tired of it.
They have no incentive to let people in but a lot of support to keep them out.
I am aware os the waiver suspension, that is when Argentina started the “tourist tax”. However, none of my extended family ever had tourist visa issues except for my father in law, even then he managed to get a B-2 visa. Perhaps we are referring to different visa's.
Sep 24th, 2013 - 12:05 pm - Link - Report abuse 0Maybe it is because they claimed to be visiting family. I don't know but very very few of my friends, who all came from middle class families could get a travel visa to the USA.
Sep 24th, 2013 - 06:00 pm - Link - Report abuse 0When I lived there I had to go to the Embassy a lot and saw many people break down in tears because of the rejection and even go so far as to start yelling at the guards to get their $100 back.
I'm sure some things have changed but with the coming economic collapse they are going to be clamping down even harder.
Living on food stamps in the FIRST WORLD!
Sep 25th, 2013 - 04:56 pm - Link - Report abuse 0Ayayay mentioned he has family on both sides and he is on a student budget. I am sure he will get it. They also increased visa quotas to boost tourism.
Sep 25th, 2013 - 11:36 pm - Link - Report abuse 0Commenting for this story is now closed.
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