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		<title>Vitter shows strong numbers going into general election</title>
		<description>Comments for Vitter shows strong numbers going into general election at http://www.theind.com , comment 1 to 29 out of 20 comments</description>
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			<description>citizen--

Money market funds are required by law to invest in low-risk securities with very short maturity dates--almost always short term treasury notes.  A money market fund investing in mortgage securities would be highly irregular, and probably illegal. 

Inflation hurts everyone.  For example, fuel prices would soar, and everything you buy is trucked in from somewhere.  18 wheelers must be bought, almost always on credit by the trucking company, so the price of the truck goes up and gets passed on to you when you buy your groceries.  Like I said, if you lose your job and have to move, you're affected.  When you make repairs to your home, you're affected.  When your vehicle breaks down and you buy another one, inflation will affect you.  You must have a great boss, because my boss sure wouldn't give ME a 10% a year raise just for &quot;cost of living increases&quot;.  Your utility bills go up with inflation.  Your phone bills will go up, because telecom companies use alot of debt to finance and maintain phone and data networks. Price of everything will rise, even if your house note doesn't.   

US can either make debt service payments, or default.  That's the choices.  If Republicans, and the Tea Party, won't raise taxes, then that means cut spending or default.  I don't know why no one ever thinks of that. Just cut the budget!  95% of Americans wouldn't even notice a 25% cut in the federal budget.


Paying down the debt is more than just a nice idea, it is absolutely critical!  If we don't, we'll have high inflation that will further erode the real buying power of every one of us.  I really think that the Washington Political Class fully intends to keep putting right along, and just inflate when it gets really bad.  What do they care?  They figure government payrolls will be safe to the end anyway.
   - ragin_cajun</description>
			<pubDate>Thu, 02 Sep 2010 17:50:14 +0100</pubDate>
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			<description>Thanks, The Original Northsidian,

GEE, I can't wait until GLEN BECK OPEN HIS CHURCH.

Can you imagine that clown trying to tell somebody about God.  I tell you, these nutbags on the right is off their rocker.

BECK,HANNITY, OREILLY AND THE REST OF THESE RICH CLOWNS IS MAKING A KILLING OFF THESE TEA PARTY FOOLS AND THOSE RIGHT WING NUTBAG CLOWNS. - LAF NATIVE RESIDING IN CA</description>
			<pubDate>Thu, 02 Sep 2010 09:26:35 +0100</pubDate>
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			<description>BRAVO citizen,

Obama will fix these things.  These banks and other financial institutions must be regulated.  Here is a universal rule of thumb:

WHENEVER THERE IS MONEY INVOLVED-IT MUST BE REGULATED-PERIOD. - LAF NATIVE RESIDING IN CA</description>
			<pubDate>Thu, 02 Sep 2010 09:22:17 +0100</pubDate>
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			<description>Cali man I may start to like you!!  I fear the religious zealots more than gang members!!  No difference from Islamic radicals. Now say your prayers and go to sleep.  Maybe when you wake up poor Chris will have only one job!! - The Original Northsidian</description>
			<pubDate>Wed, 01 Sep 2010 20:48:26 +0100</pubDate>
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			<description>Ragin Cajun,

 A money market account is a bank account that is invested in government and corporate securities which is a big way of saying we invested your money in something else, like, oh say, bundles of mortgages.  Oh and by the way, those mortgages are really risky because nobody cared whether or not the homeowners could actually pay them back when they were written.

Now sure if one of these banks go belly up, someone will buy them out and things will be ok, but if they all start going belly up... well we saw what happened in the Great Depression.
Suddenly we see the banking industry for the house of cards it really is.

Now according to what you are saying, our payments to the debt are going to skyrocket. But the problem is, for that to happen we will have to raise taxes.  Who is going to do that? The republicans? The Tea Party?  Well we all know it's the responsible thing to do, pay off your debts, but then that's exactly what everyone bashes the Democrats for. And if they try to do it, well they get voted out of office. So what exactly do you think will convince Americans to pay higher taxes (and not replace those who hiked the taxes with those who wont) Yea, Nothing. Not going to happen. Ever. So what? China nukes us for unpaid debt. Yea I don't think that's going to happen either because they'd get a few of their own.
So where does that leave us? With a ridiculous balance sheet that means nothing because it's all fiat money anyhow. And I don't see risking disrupting the whole world to try and pay this pretend debt off. 

Oh and by the way, in case you haven't heard, the majority of Americans are in debt. Most people I know have a house payment and car payments. Many many Americans are heavily in debt now. 

But I have a secret for you about inflation. It only hurts the people who are in the black. Those with lots of money and a nice fat retirement. 

As for me, I have a nice house payment, not more than I can afford, yet if inflation goes up, so does my salary. But guess what stays the same? My mortgage payment. So the percentage of my income going to mortgage gets smaller and smaller the higher inflation goes. Oh and I wasn't stupid enough to get an ARM loan. My loan (at a credit union) is locked in at 5% and I might refinance soon since they are even lower now) 

As far as the health care bill goes, I'm not for it as it exists, I wouldn't vote for it either. But health insurance is getting as expensive as my mortgage payment, and unlike my mortgage payment is not locked in. The price has gone up 0 in the last 10 years and it continues to go up faster and faster. I don't know what will stop that runaway train, and I know it's not the current bill. But I also know it's not the status quo.  At least they're trying. At least they are even acknowledging the problem which is more than I can say for the Bush Administration.




 - citizen</description>
			<pubDate>Wed, 01 Sep 2010 20:18:48 +0100</pubDate>
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			<description>citizen--

&quot;Should we really just let everything fall apart just to keep the debt down?&quot;

You propose a false choice--ancient logical fallacy.  I do not accept that we were presented with either TARP or Armageddon.  There were many alternatives pushed by many economists and politicians at the time, both right and left.  You can go back and find some. 

I think we should have done nothing, let insolvent banks fail, slashed federal spending, and put a leash on Paulson and Bernanke.  We could cut the military budget in half, means test social security, raise the retirement age, slash medicaid, medicare and S-CHIP.  Had we done that, the economy would be growing at 6% a year right now, full employment, and strong currency.  That's what I think.



 - ragin_cajun</description>
			<pubDate>Wed, 01 Sep 2010 17:42:07 +0100</pubDate>
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			<description> ragin_cajun,

You are wrong on so many levels.

Apparently deficits don't matter.  Just look at the Bush years.  He took a 300 billion surplus from Clinton and turned it into a 1.3 trillion deficit.  He started the war in Iraq, and added another 750 billion. Then he did TARP.  ETC;ETC.

Now, look at what Bohner, Mconnell, Vitter, Newt, etc; look at what they want to do.  They want to extend Bush tax cut for the wealthy, close down social services, etc.

Now you got the tea party clown who go off spouting off crazy ideas like take our country back, etc.

Listen you, BUSH AND CHENEY BROKE THE COUNTRY, SHATTERED THE CONSTITUTION, BANKRUPT THE COUNTRY, AND NOW Obama has the thankless job of fixing this mess.

A mess. - LAF NATIVE RESIDING IN CA</description>
			<pubDate>Wed, 01 Sep 2010 15:58:21 +0100</pubDate>
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			<description>citizen--

Thank you for YOUR reply, too.  Dialog like ours is constructive, and it encourages me to know that people can still have thoughtful discussions about politics without, well, you know.......

I see the TARP differently than you.  You think it bailed out banks and helped us--I don't believe that.  What would have happened without TARP?  Well, exactly what DID happen, but without all the debt.
 
TARP went to bail out GM, and Chrysler, alot of it went to overseas banks, too.  Then they bought out AIG with it, too.  And they bought Citi stock, and Bank of America, etc.  Very little of it went to shore up the bank accounts of people like us.  But we're all still here, working, checks clearing, banking system still works fine, deficit's just higher.  

Most Americans' retirement is not in a &quot;bank account&quot;, but in a Money Market fund or some other investment account.  Much of it was lost, and now with the rip that the stock market went on from 7500 to 10,100, much of that value is back.  For example, my IRA and 401K are a little bit higher since all this started.  So what did TARP really do for you and me?  Not much.

The amount of zeroes does matter because that determines how much of the Federal Budget goes to service the debt.  That is paid annually to the holder of the securities, right?  Well,  that percentage is skyrocketing over the next 1-5 years.  The more they borrow, the more of the federal budget goes to make interest payments--just like with a credit card.  The zeroes matter, and the piper WILL be paid. 

Then there's the whole concept of inflation, how that decreases the wealth of the wage earner unless his income is tied to inflation.  If inflation goes to 10%, like it did in the Carter years, think your boss will give you a 10% raise every year to keep up?  No?  Think you'll get a 25% return on your retirement account so it'll outrun inflation AND capital gains taxes?  No?   What if you get relocated and you have to buy a new house?  Your new house will be half the size of your old one because mortgage rates will be 18%-20%, like in the Carter years.  Rent will go up accordingly, so moving to an apartment won't help you, either.  

That's why the size of the national debt matters.  It's alot more than just some zeroes on paper somewhere.  - ragin_cajun</description>
			<pubDate>Wed, 01 Sep 2010 15:18:09 +0100</pubDate>
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			<description>Ragin Cajun -

You forgot to answer my question:

So I'll ask again. Should we really just let everything fall apart just to keep the debt down? Is that really worth it? 

I'd like to point out that over 800 banks have FAILED so far.
How many failures do you think the FDIC can handle? - citizen</description>
			<pubDate>Wed, 01 Sep 2010 14:33:35 +0100</pubDate>
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			<description>Still looking for an answer: So I'll ask again. Should we really just let everything fall apart just to keep the debt down? Is that really worth it? 

 - citizen</description>
			<pubDate>Wed, 01 Sep 2010 13:54:03 +0100</pubDate>
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			<description>ragin_cajun, you're a real clown!

Here we go again:

BUSH/CHENEY-WAR-DEFICIT-CIVIL LIBERTIES-SURPLUS INTO DEFICIT-4400 DEAD IN IRAQ &amp; STILL COUNTING--ECONOMY ON BRINK OF COLLAPSE-OIL DEPENDENCE-WALL STREET RIPPING US OFF-401K LOST BY MILLIONS-SOC SEC PRIVATIZING-STOPPING MEDICARE-TOO BIG TO FAIL-1 TRILLION TAX BREAK FOR THE RICH-HALIBURTON-KBR-ABUGRAEB-LIED US INTO IRAQ WAR-


MILLIONAIRES, LIMBAUGH, HANNITY, INGRAM, OREILLY, ROGER AILS, KOCH BROTHERS,BECK, FOX NEWS, 9-11, KATRINA, GULF SPILL Sister SARAH, NEWT,SHARON ANGLE, DAN QUALE SON, RON PAUL SON

After all that that VITTER HELP CREATE-THATS WHO YOU THINK CAN FIX AMERICA.

All of these people listed above is making a killing and laughing all the way to the bank on suckers like you, ragin_cajun.

These people are always talking about revolution, second amendment remedies, making rape/incest victims have their rapist/incest baby.

LISTEN CLOWN, IF A REVOLUTION DID START, ALL OF THE PEOPLE LISTED ABOVE WOULD HITAIL IT OUT OF THIS COUNTRY LIKE THE COWARDS THEY ARE, WHILE YOU AND ME KILL EACH OTHER-

Furthermore, these people don't need social security or medicare.  These people don't need health insurance.  These people don't have a problem getting a loan from the bank. These people are not worried about where their next meal will come from.

YOU'RE A CLOWN IF YOU BELIEVE THE CRAP THAT THESE PEOPLE ARE TALKING. - LAF NATIVE RESIDING IN CA</description>
			<pubDate>Wed, 01 Sep 2010 13:20:44 +0100</pubDate>
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			<description>And since so many have expressed dissatisfaction with the two party system, is anyone voting Libertarian?  That's a third choice.  What do you think about Randall Hayes as a Senate candidate?  I think he proposes cutting the federal budget by 40%!   - ragin_cajun</description>
			<pubDate>Wed, 01 Sep 2010 13:16:15 +0100</pubDate>
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			<description>citizen--

NATIVE has actually added something to the conversaion!  According to him/her, &quot;Melancon, like most right thinking white people wanted the public option.&quot;

So that's a 6th plus mark on Vitter's record--I'm sure that Vitter would vote yes to repeal the healthcare bill.  Melancon would vote with the Democrats to expand it.   - ragin_cajun</description>
			<pubDate>Wed, 01 Sep 2010 13:11:05 +0100</pubDate>
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			<description>Rajun Cajun, thanks for your reply. I'll agree with auditing the Fed, I think that should be done. 

But regarding the bail outs,  which would you prefer:

1) add a few more trillion to the ridiculous amount of debt that the federal gov continues to accrue.  

or
2) let thousands of banks fail, which would mean unemployment for the people who work at all of those banks, perhaps even leading to a total collapse of the monetary system - not to mention all the people who would completely loose their retirement funds.

#1 is just a BS number, anyone who actually believes we will ever pay that back is just a fool. Including China.

#2 is a reality for many people.  If #2 went through and you lost your retirement because it was stuck in one of those banks, would you feel the same way?

I just can't understand why people would prefer to loose their own money and jobs to letting the government accrue more debt.

  Do you really think it matters how many zeros are at the end of that number anymore?  Billions, Trillions, decillion,  it's just a freaking BS number. No politician will EVER be able to collect that in taxes without getting voted out of office. EVER. The mistake was made when Nixon took us off the gold standard, after that it's all paper.

So I'll ask again.  Should we really just let everything fall apart just to keep the debt down?  Is that really worth it?

If a person looses their job what's a better solution, pay your bills with a credit card until you get a new job, or commit suicide?  Because allowing thousands of banks to fail is economic suicide.

That said, I think the heads of those banks (ever single one of the failed banks) should be shot. Seriously, no jail, killed like they would be in China and hung from the lamposts on wall street till they rot as a reminder to the other scumbag bankers. 

  But yea, let's just blame the president who had the balls to try and do something, anything, to fix it.
 - citizen</description>
			<pubDate>Wed, 01 Sep 2010 13:05:01 +0100</pubDate>
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			<description>citizen,

What BITTER BITTER DAVID VITTER has done in office is order him up a whore or two.  He works hard at misusing women and treating them like whores.

ragin_cajun,

Melancon, like most right thinking white people wanted the public option.  Don't vote for your daughter to be one of VITTERS WHORES.  Unless, of course your so twisted that you would put your daughter at risk like that.  Be assured, if you give him your daughter or grand daughter, he make them one of his prostitutes.

Again, BITTER BITTER DAVID VITTER IS AND WILL ALWAYS BE A WOMAN HATER AND WHORE MONGORER!! - LAF NATIVE RESIDING IN CA</description>
			<pubDate>Wed, 01 Sep 2010 11:05:26 +0100</pubDate>
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			<description>Citizen--

I will respond to that since I just challenged NATIVE to do the same thing for Melancon.  Before I do, let me be clear--I have real problems with Vitter because he has proposed using federal power to influence state law, and that is certainly NOT what the ratifiers of the Constitution intended.  I could care less how many whores he sleeps with.  

I searched for some articles on Google about Vitter, and I found the following positive things that Vitter has done.

1--Vitter’s amendment to the so-called “Restoring American Financial Stability Act”  is explained at http://biggovernment.com/jberlau/2010/05/21/dodd-bank-bill-brown-folds-but-vitters-not-everythings-a-bank-amendment-passes/  That limits the scope of this ridiculous act.  Without that amendment, every retailer and manufacturer wouuld have had to prove to the Federal Reserve that they were &quot;solvent&quot;.  Ridiculous.

2--Vitter piled on to a couple of failed efforts to audit the Federal Reserve.  I think that's good, don't you?  Certainly took nerve to side with Bernie Sanders on this.
http://www.huffingtonpost.com/2010/05/10/huffpost-hill---may-10-20_n_570895.html

3--He voted AGAINST Healthcare reform, while Landrieu voted for it.  None of us is really sure where Melancon stands on the legislation.
4--Vitter voted against the 700 Billion bailout, something that Boustany did not have the nerve to do.  boustany voted with Melancon and Jefferson on this taxpayer ripoff.  Nobody knows where all this money went.  
5--Vitter voted against the 787 Billion Stimulus bill of 2009.  Landrieu voted yea.  So did Melancon.  

I think that's 5 VERY positive marks on Vitter's record.  Don't you?  You may not like him, I don't.  But he's right on alot of issues.  And if my choice is him or Melancon, I'd choose him.

So--does that explain why Vitter's going to be re-elected to be your Senator?  At least admit that I'm not a zombie :)  - ragin_cajun</description>
			<pubDate>Wed, 01 Sep 2010 11:02:56 +0100</pubDate>
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			<description>Seriously,  can ANYONE tell me something that Vitter has done while in office that was worthwhile?  I am surrounded by people in this town who will vote for Vitter.  I want to believe that I am not surrounded by mindless zombies who will vote for whatever idiot puts a R in front of their name.  PLEASE tell me I'm not living in zombie land. - citizen</description>
			<pubDate>Wed, 01 Sep 2010 08:01:54 +0100</pubDate>
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			<description>So you can't answer the question.  Name 3 or 4 votes that Melancon has cast as a Congressman that demonstrate his honor.   He's gonna help Obama fix our country?  How exactly?  He voted no on healthcare reform bill in the house.  So he was against it if he voted no.  Did that help Obama fix the country? 

But then he says he won't back repeal of healthcare reform, either.  So now he's not against it?  

That passes for &quot;honor&quot; with you?  The biggest domestic legislation in this country in 50 years, and still no one can say what Charlie Melancon's position is on it.  And Charlie won't say, either.  Way to take a stand--real honorable.  

    - ragin_cajun</description>
			<pubDate>Tue, 31 Aug 2010 22:03:17 +0100</pubDate>
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			<description>ragin_cajun,

The question is what has he not done that speaks to honor/

Melancon does not treat women as whores for his own sexual pleasure.

Melancon does not hire and promote men who beat up and damm near kill women.

Melancon don't have &quot;DA CRAZY&quot; going on with tha nutbag saying &quot;take our country back.&quot;

Melancon will help the President fix our country. - LAF NATIVE RESIDING IN CA</description>
			<pubDate>Tue, 31 Aug 2010 16:33:57 +0100</pubDate>
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			<description>LAF NATIVE RESIDING IN CA--

&quot;If Vitter, Bohner, Mcconell, Jindal, and the rest of those clowns are all that the conservatives have to offer-then one party system-sign me up.&quot;

I am not the least bit surprised to hear that you would willingly submit yourself and your countrymen to despotism.

&quot;Honorable Charlie Melancon&quot;

So what exactly has Charlie Melancon done that is so honorable?    

 - ragin_cajun</description>
			<pubDate>Tue, 31 Aug 2010 16:20:16 +0100</pubDate>
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