• Study suggests the US debt ceiling could bind by the middle of February
    46 replies, posted
China fucks with American over debt, they'll collapse near instantly. The U.S is probably the only thing that is currently "too big to fail." Mostly because it's such a huge global power that it would fuck the entire world over if it failed. The U.S is spending it's own money and owes the money to it's citizens, it simply has to cut spending and raise taxes on people that make 200k a year or more, not really too hard.
[QUOTE=AmericanInfantry;39135693]I'd be out of an education, out of a future job. Sweden sure does look nice right now...[/QUOTE] That gives you all the reason to party..
[QUOTE=BreenIsALie;39135917]Don't worry man, You are welcome over here. Bring umbrellas[/QUOTE] I heard you guys don't like foreigners! (I looked at Expat'ing there awhile ago, but a nice Swedish lady I know talked me out of it because no jobs 4 foreigners :( )
[QUOTE=King Tiger;39135781]Oh yeah, I'm sure the crisis will come this time! Yep, just like the last two times. Don't get worked up about this shit. They don't let it happen.[/QUOTE] For how long have we shoved this bullshit to the side now?
Just fucking cut some shit already. Get rid of Social Security* and reduce the defense budget to 1% of the GDP. That doesn't mean we save any money though. It just means we won't have to borrow as much. We would have cut even more just to have some extra cash to pay off the debt. *Yeah, like that's gonna happen. Every old fart will vote against the candidate who wants to end social security, even if it means America is in the red.
oh you poor american bastards, I want to feel as sorry for the general population of america as i do for the more progressive of you that i come in contact with. But its like the entire culture is centered around abolishment of common sense, and fighting tooth and nail against learning from your mistakes, and then taking a missionary style approach to peddling it all to the rest of the world at gunpoint. Honestly, What the fuck are you good for anymore?
[QUOTE=Ltp0wer;39138020]Damn right! And these subsidies create JOBS! It would also help to make sure we bailout any company that is failing in the free-market, to ensure the preservation of JOBS. I mean, it's not the company's fault. Nor is it the fault of the labor unions who drive the wages up to levels that are unsustainable, so we better bail them out as well.[/QUOTE] I disagree. We should cut everything, including education and any services poor people use, because who cares about them, right? Everything besides military spending, we have to keep those durn terrorists on the ropes. Hell, just gut the entirety of the "entitlements" budget. Anything is preferable to raising taxes on the rich and corporations, which are the lowest they've been in fucking forever. On another note, I hope if we do come close to default, Obama starts using the executive privilege and other powers he doesn't usually use because they might be seen as an "abuse of power". A default would be terrible for EVERYONE. Especially the rich, who own a lot of their money in bonds (which would become completely worthless)
If a normal person goes bankrupt, they just sell away their house and car to pay off their debts. If a company goes bankrupt, they liquidate their asset or and auction off their franchises and close shop for good but if an entire nation goes broke, what do they do?
[QUOTE=BCell;39140460]If a normal person goes bankrupt, they just sell away their house and car to pay off their debts. If a company goes bankrupt, they liquidate their asset or and auction off their franchises and close shop for good but if an entire nation goes broke, what do they do?[/QUOTE] Well you could always do what Russia did....
[QUOTE=cqbcat;39139854]Just fucking cut some shit already. Get rid of Social Security* and reduce the defense budget to 1% of the GDP. That doesn't mean we save any money though. It just means we won't have to borrow as much. We would have cut even more just to have some extra cash to pay off the debt. *Yeah, like that's gonna happen. Every old fart will vote against the candidate who wants to end social security, even if it means America is in the red.[/QUOTE] Social Security doesn't drive the deficit you fucking nonce, and austerity is fucking stupid. [editline]8th January 2013[/editline] [QUOTE=BCell;39140460]If a normal person goes bankrupt, they just sell away their house and car to pay off their debts. If a company goes bankrupt, they liquidate their asset or and auction off their franchises and close shop for good but if an entire nation goes broke, what do they do?[/QUOTE] i dunno, but comparing government finances to personal finances is fucking dumb.
[QUOTE=BCell;39140460]If a normal person goes bankrupt, they just sell away their house and car to pay off their debts. If a company goes bankrupt, they liquidate their asset or and auction off their franchises and close shop for good but if an entire nation goes broke, what do they do?[/QUOTE] Sell off New Mexico.
No one wants New Mexico except maybe Mexico and they don't have enough Money to solve our problems. A lot of the US agencies have begun purchasing ammunition stockpiles, which has raised a lot of eyebrows. I believe the gov't is secretly preparing for a lot of civil unrest. The SSA (Social Security) was the one that tipped me off. Buying hundreds of thousands of rounds to distribute across the country. If SSA runs out, there are going to be a LOT of people upset with the government and looking for retribution. [QUOTE=Lazor;39141302]i dunno, but comparing government finances to personal finances is fucking dumb.[/quote] I disagree. There is little difference between the U.S. taking out loans and a person taking out loans. The exceptions being the amount that can be withdrawn and the rate of acceptance (the Gov't is never denied). The only reason the U.S. gets away with taking out more and more money without having to truly pay it off, is not because government finances are special in some way or different from an individuals.. Technically they're held by the same standards as the U.S. citizen. The difference? There are corrupt politicians and bankers helping the U.S. gov't and screwing over the populous in the process. Allowing them to take more and more because if they didn't, many of the figures who play a key role would end up bankrupt and on the streets with the rest of us if the Gov't suddenly had to pay up for its crimes. So they perpetuate the system to keep themselves in power. Imagine that. [b]Edit:[/b] FUCK I cannot type or cohesively put together a post right now. Quoted the wrong shit, can't type, and keep making dumb as fuck typoes.
[QUOTE=Keys;39143655]No one wants New Mexico except maybe Mexico and they don't have enough Money to solve our problems.[/quote] Well sell the left kidney of everybody in the country then. [quote]A lot of the US agencies have begun purchasing ammunition stockpiles, which has raised a lot of eyebrows. I believe the gov't is secretly preparing for a lot of civil unrest. The SSA (Social Security) was the one that tipped me off. Buying hundreds of thousands of rounds to distribute across the country. If SSA runs out, there are going to be a LOT of people upset with the government and looking for retribution.[/quote] Where the fuck did you get this information, and do you think the federal reserve is owned by the Rothschilds? [quote]I disagree. There is little difference between the U.S. taking out loans and a person taking out loans. The exceptions being the amount that can be withdrawn and the rate of acceptance (the Gov't is never denied). The only reason the U.S. gets away with taking out more and more money without having to truly pay it off, is not because government finances are special in some way or different from an individuals.[/quote] Um, if a country doesn't pay off their debts, then other countries won't be very happy. When the USSR was formed, they really pissed off the French by declaring their debts null and void. [quote]Technically they're held by the same standards as the U.S. citizen. The difference? There are corrupt politicians and bankers helping the U.S. gov't and screwing over the populous in the process. Allowing them to take more and more because if they didn't, many of the figures who play a key role would end up bankrupt and on the streets with the rest of us if the Gov't suddenly had to pay up for its crimes. So they perpetuate the system to keep themselves in power.[/quote] This isn't how politics works.
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