WWI Finally Over!

[bc1871]

First World War officially ends

The First World War will officially end on Sunday, 92 years after the guns fell silent, when Germany pays off the last chunk of reparations imposed on it by the Allies.



The final payment of £59.5 million, writes off the crippling debt that was the price for one world war and laid the foundations for another.

Germany was forced to pay the reparations at the Treaty of Versailles in 1919 as compensation to the war-ravaged nations of Belgium and France and to pay the Allies some of the costs of waging what was then the bloodiest conflict in history, leaving nearly ten million soldiers dead.


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The bill would have been settled much earlier had Adolf Hitler not reneged on reparations during his reign.

Hatred of the settlement agreed at Versailles, which crippled Germany as it tried to shape itself into a democracy following armistice, was of significant importance in propelling the Nazis to power.

"On Sunday the last bill is due and the First World War finally, financially at least, terminates for Germany," said Bild, the country's biggest selling newspaper.

Most of the money goes to private individuals, pension funds and corporations holding debenture bonds as agreed under the Treaty of Versailles, where Germany was made to sign the 'war guilt' clause, accepting blame for the war.

France, which had been ravaged by the war, pushed hardest for the steepest possible fiscal punishment for Germany.

The principal representative of the British Treasury at the Paris Peace Conference, John Maynard Keynes, resigned in June 1919 in protest at the scale of the demands.

"Germany will not be able to formulate correct policy if it cannot finance itself,' he warned.

When the Wall Street Crash came in 1929, the Weimar Republic spiralled into debt. Four years later, Hitler was elected Chancellor of Germany.

[Asher]

It will always live on in our hearts, right bc?

[SlowwHand]

There are very few WWII veterans left. WWI? This is strikingly similar to the debt which Obama left the next few generations of Americans.
Congrats to Germany. You can now afford to buy the house a round.

[bc1871]

The Best Old Flag on Earth

Though England’s foes may assail her, Though the war clouds hang around, Still the bright sun smiles O’er Britain’s Isles, For friends in need She’s found. From India’s Strand to Baffin’s land They have answered the Empire’s call; For we can’t turn our back On the old Union Jack, the Best old flag of all.
Chorus: Then give three cheers, Three British cheers For the old Red, White and Blue. Let the world all know That Britain’s foe Is Canada’s foe too. Across the sea In Germany, Our boys, they will prove their worth For the Maple Leaf Our emblem dear And the best old Flag on earth.

When England said men were wanted Far across the sea to go, From the east and west, They came, our best, To lay the tyrant low. So here’s good luck to Jack Canuck! For he’s ready to fight or to fall, And he’ll stick to the last, For he’s nailed to his mast The best old flag of all.

[Asher]

There are very few WWII veterans left. WWI? This is strikingly similar to the debt which Obama left the next few generations of Americans.
Congrats to Germany. You can now afford to buy the house a round.

Haven't you seen that chart going around?

Bush has added far more to the debt than Obama so far.

http://en.wikipedia.org/wiki/National_debt_by_U.S._presidential_terms

The green line shows what would have happened if Reagan and the Bushes had just kept the debt growing at the same rate as the economy. That would make their parts flat. Many conservatives claim Congress increased Reagan's budgets, but this is not the case as you can see documented here.

http://zfacts.com/p/318.html

[a.kitman]

This is strikingly similar to the debt which Obama left the next few generations of Americans.

wow... your gona have to explain that one?

[SlowwHand]

No, I don't have to explain a thing. Evidently you haven't been keeping up with all the corporate bailouts.

[DaShi]

@Slowwie trolling.

[DinoDoc]

Haven't you seen that chart going around?

Bush has added far more to the debt than Obama so far.

While I agree that the $4.9 trillion in debt run up on his watch was impressive. It took him took him over four years to rack up the first two trillion dollars in debt. It took Mr. Obama a mere 421 days to reach that milestone.

[DaShi]

Actually, Bush accumulated debt a lot faster than Obama has.

[DinoDoc]

Source?

[DaShi]

http://zfacts.com/p/318.html

[DaShi]

Oh and

[DinoDoc]

You fail.

[DaShi]

Sorry, DD. Responding to my post will require more than parroting right-wing blogs, so it's impossible for you.

[DaShi]

Still laughing.

[DinoDoc]

Your post didn't address the point.

[DaShi]

Seriously?

[DaShi]

I think the funniest part maybe that my post was almost as meaninglessly inane as yours, but it still managed to fluster you so. You really are a slave to other people's ideas.

[DinoDoc]

Seriously?

Look you can and probably will argue the reasons for the rate of debt increase since Obama took office but the facts vis-à-vis the W/Obama comparison Asher was making are what they are and will remain so unless the Admin changes course toward fiscal sanity.

Rightwing blog/Foxnews source for earlier post.

[DaShi]

What a moron. I really shouldn't be surprised that you don't get it.

[DinoDoc]

Right wing blog source detailing the skeleton from which you seem to fill in for most of your posts

[DaShi]

From the guy who's response was, "you fail."

And learn to write: "Look you can and probably will argue the reasons for the rate of debt increase since Obama took office but the facts vis-à-vis the W/Obama comparison Asher was making are what they are and will remain so unless the Admin changes course toward fiscal sanity"

[DaShi]

Who wants to bet that I'll have to spoon feed DD so he'll understand what people are talking about?

[NoodleNaught]

13"

[Cort Haus]

[NoodleNaught]

God damnit man you really know how to party.

[Theben]

And how much of the debt acquired under Obama was a result of tax cuts of the kind Repugs like so much?

[NoodleNaught]

Does it really matter what Obama does or does not do. it does not change the fact that The Uniter States is a hell hole that should be eradicated.

[Arrian]

Don't confuse Sloww with facts. He's confused enough as it is.

-Arrian