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If SS is the root of all the gubmits problems, then why is it that state gubmits, along with those of cities and towns, are broke too?
The problem isn't SS. A theory that explains everything, explains nothing. SS is merely a piece of the ***** pie we've been served for the last 60 years. The bottom line is that gubmit is incredibly inept, and inefficient. As gubmit grows in size and scope, so do it's obligations, and liabilities. Some people still refuse to concede to this simple fact. Look at the bottom line of gubmit over the last 60 years, and you will see that there is not a single annum where it's fallen in the black. It's course is unsustainable, and until this fact is dealt with honestly, it's collapse will be ugly.
I love the "raise revenues" crowd. You can only squeeze so much juice from an orange. When you spend too much as an individual, amassing unsustainable, and unneeded debt, is the answer to ask your boss for a raise, so you can "raise revenues", or is it to spend less?
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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him." Leo Tolstoy, 1897
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If SS is the root of all the gubmits problems, then why is it that state gubmits, along with those of cities and towns, are broke too?
The problem isn't SS. A theory that explains everything, explains nothing. SS is merely a piece of the ***** pie we've been served for the last 60 years. The bottom line is that gubmit is incredibly inept, and inefficient. As gubmit grows in size and scope, so do it's obligations, and liabilities. Some people still refuse to concede to this simple fact. Look at the bottom line of gubmit over the last 60 years, and you will see that there is not a single annum where it's fallen in the black. It's course is unsustainable, and until this fact is dealt with honestly, it's collapse will be ugly.
I love the "raise revenues" crowd. You can only squeeze so much juice from an orange. When you spend too much as an individual, amassing unsustainable, and unneeded debt, is the answer to ask your boss for a raise, so you can "raise revenues", or is it to spend less?
AMEN!
Now here comes the next piece of the ***** pie, TARP2
The United States declared bankruptcy @1930 I believe ... we have been defunct since then. We're like the spoiled rich kids whose parents keep supporting them fearing anything less would lead to their demise.
i'd say hope for the very best, and plan for the very worst...
if you have any semblance of savings, the best thing you can do right now is diversify 1/2 of it (including in various metals), and spend the rest of it on **** you'll need in a post industrial age.... period... that's gear, tools, perishables, wood burning stove, ... etc. ... maybe a mastiff or two... ... get friendly with your neighbors.... get local...
That's about the 15th time you've given this advice PC.
Very enlightening article. What is scary is that this article reflects 2008 figures and does not yet take into account the giant stimulus bill that just passed.
Who is going to bail out our ravenous government?
That's really a silly article because it's acting as if everything is due at once, when in fact, the annual amount due is far smaller. Consider that 80% of debt is held by businesses and individuals in any given year, the federal government does not appear to be especially ravenous, despite the doom the gloom perspective and the hopes for Obama's failure of the defeated right-wing. Yes, we have to get our economic house in order, and I for think we ought to tax the wealthy far more than Obama proposes since they stand to gain the most from a recovery.
Rather than worry about government, let's worry about all the business and private debt that is bringing our economy down. Blaming government is just a conservative form of whining about Obama's victory. Had conservatives spoken up earlier, such as in the age of Reagan when he was engaged in massive deficit spending, they might have some credibility, but now it's pretty obvious they're just sore losers. They apparently only support deficit spending to help foreigners, such as the Iraqis, not to help unemployed and suffering Americans. It's sick.
If SS is the root of all the gubmits problems, then why is it that state gubmits, along with those of cities and towns, are broke too?
The problem isn't SS. A theory that explains everything, explains nothing. SS is merely a piece of the ***** pie we've been served for the last 60 years. The bottom line is that gubmit is incredibly inept, and inefficient. As gubmit grows in size and scope, so do it's obligations, and liabilities. Some people still refuse to concede to this simple fact. Look at the bottom line of gubmit over the last 60 years, and you will see that there is not a single annum where it's fallen in the black. It's course is unsustainable, and until this fact is dealt with honestly, it's collapse will be ugly.
I love the "raise revenues" crowd. You can only squeeze so much juice from an orange. When you spend too much as an individual, amassing unsustainable, and unneeded debt, is the answer to ask your boss for a raise, so you can "raise revenues", or is it to spend less?
Why are so much more worried about government debt than private and business debt, which is vastly larger than that of government? I'm curious to hear your explanation, but honestly doubt you have one, and hope you're not simply caught up in partisan politics and simply regurgitating a conservative mantra.
That's really a silly article because it's acting as if everything is due at once, when in fact, the annual amount due is far smaller. Consider that 80% of debt is held by businesses and individuals in any given year, the federal government does not appear to be especially ravenous, despite the doom the gloom perspective and the hopes for Obama's failure of the defeated right-wing. Yes, we have to get our economic house in order, and I for think we ought to tax the wealthy far more than Obama proposes since they stand to gain the most from a recovery.
Rather than worry about government, let's worry about all the business and private debt that is bringing our economy down. Blaming government is just a conservative form of whining about Obama's victory. Had conservatives spoken up earlier, such as in the age of Reagan when he was engaged in massive deficit spending, they might have some credibility, but now it's pretty obvious they're just sore losers. They apparently only support deficit spending to help foreigners, such as the Iraqis, not to help unemployed and suffering Americans. It's sick.
Because its not just the outstanding debt its the way that its growing as well. No individual could take on debt at the pace that article is projecting and still stay solvent. Thats the point. Now of course, all the debt isn't going to come due at once but its still one hell of a big obligation that is hanging out there. Its clear that spending is going to need to decrease one way or another.
Because its not just the outstanding debt its the way that its growing as well. No individual could take on debt at the pace that article is projecting and still stay solvent. Thats the point. Now of course, all the debt isn't going to come due at once but its still one hell of a big obligation that is hanging out there. Its clear that spending is going to need to decrease one way or another.
I'm still convinced the retirement age will be bumped to at least 68. Claiming disability will become harder also as the middle class will come to fear having to live off SSI. I still wish Obama would drastically reduce foreign aid also. We need to be one of the world leaders as opposed to being the world leader ... anything less is suicide.
Because its not just the outstanding debt its the way that its growing as well. No individual could take on debt at the pace that article is projecting and still stay solvent. Thats the point. Now of course, all the debt isn't going to come due at once but its still one hell of a big obligation that is hanging out there. Its clear that spending is going to need to decrease one way or another.
It is a big obligation, but tax rates can be set by the free market. Tax those with the greatest disposable income at the highest rates. If it makes our economy strong, those same people will be the ones who benefit most from a resurgent stock market.
Re: The USA Is Bankrupt
... get friendly with your neighbors.... get local... 
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