Why are prices dropping?

Originally Posted by PistoneScrapProcessing

I don't really think china has that big of a part in it. Its more or less our own fault seeing how we have had years of ballooning deficits. Its pretty much **** or get off the pot time in america right now. That fiscal cliff is coming up fast. We either make big cuts to spending or raise the debt ceiling AGAIN. Politics in the this country has come to a stand still and no one wants to do anything about it. I am not a democrat or republican I am for common sense. Common sense would tell you that we can't keep spending money we don't have on things we can't afford. Its time to cut back the fat and trim everything. We can't keep handing out money for nothing. We can't keep fighting wars we can't afford. We can't keep expecting different results by electing the same people. There the ones that got the USA into the is mess to begin with. My grandparents are rolling over in there graves right now seeing how we are dismantling america and scrapping it or shipping the jobs overseas. Makes me want to puke every time i see a politician on TV.

Remember we also export tons of scrap to japan, greece, turkey, brazil, and a bunch of other countries.

We export scrap because we junk more stuff then we build here in the US. Before people made money scrapping most of that junk just went into a landfill.

The debt ceiling doesn't matter, its a made up line.

As far as cuts go, unless you have a surplus to pay back principle cutting spending doesn't mean anything. Over the last 30 years the tax on those making the most money has dropped like a rock, while the middle class has evaporated so we have less income from taxes then we should. The reason most political types don't care about the debt is because they know it is not getting paid back anyway. Our major problem is that our banking system is insolvent, meaning our money (once the general population figures out the banks are broke) is also worthless.

Originally Posted by unknownk

We export scrap because we junk more stuff then we build here in the US. Before people made money scrapping most of that junk just went into a landfill.

The debt ceiling doesn't matter, its a made up line.

As far as cuts go, unless you have a surplus to pay back principle cutting spending doesn't mean anything. Over the last 30 years the tax on those making the most money has dropped like a rock, while the middle class has evaporated so we have less income from taxes then we should. The reason most political types don't care about the debt is because they know it is not getting paid back anyway. Our major problem is that our banking system is insolvent, meaning our money (once the general population figures out the banks are broke) is also worthless.

We don't have a revenue problem we have a spending problem!!!! We can't stop thinking of new ways to spend any extra dollar we might make. Sorry I just got out of the bathroom.