Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

When The U.S. Goes Bankrupt, Here’s Who Gets Out With The Least Pain
The Federalist ^ | 10/25/2018 | Lewis M. Andrews

Posted on 10/25/2018 12:08:14 PM PDT by SeekAndFind

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-75 next last
To: webheart

Yes I am.


21 posted on 10/25/2018 12:33:47 PM PDT by CaptainK ("no collusion, no obstruction, he's a leaker")
[ Post Reply | Private Reply | To 19 | View Replies]

To: SeekAndFind

No bailouts of states by the federal government. That is, no screwing over the taxpayers of other states to pay for one state’s irresponsible pension promises.

We need to pass a federal law to this effect now - before several blue states go belly up and start screaming for everybody else’s money.


22 posted on 10/25/2018 12:34:01 PM PDT by FLT-bird
[ Post Reply | Private Reply | To 1 | View Replies]

To: HarleyD
Correct me if wrong, but welfare was not even covered. May have been there, my eyes blurred reading all that dense text.

Multi generational welfare living is taboo to talk about or you be a racissss to bring it up.

Welfare is the reparations negros keep screaming about. How many trillions have been essentially just handed to them, no questions asked?

23 posted on 10/25/2018 12:34:34 PM PDT by doorgunner69
[ Post Reply | Private Reply | To 8 | View Replies]

To: HarleyD

That works if you acknowledge Social Security and Medicare are “Welfare,” but not if you don’t.


24 posted on 10/25/2018 12:34:43 PM PDT by babble-on
[ Post Reply | Private Reply | To 8 | View Replies]

To: SeekAndFind
As long as we possess the world's reserve currency, we can't go bankrupt. It's impossible because we merely shift our financial malfeasance overseas, and everybody else has to suck up and swallow it. The dollar is the only pool of capital deep enough to handle $4 trillion a day in foreign exchange transactions.

But if the world's reserve currency shifts to the currency of another country or group of countries, then it's game over and lights out for the empire and the welfare state.

25 posted on 10/25/2018 12:38:24 PM PDT by Publius
[ Post Reply | Private Reply | To 1 | View Replies]

To: Brilliant

Own your property outright.

Don’t be in debt.


26 posted on 10/25/2018 12:39:55 PM PDT by metmom ( ...fixing our eyes on Jesus, the Author and Perfecter of our faith......)
[ Post Reply | Private Reply | To 3 | View Replies]

To: HarleyD

Preach it, brother!

Hunger is a great motivator to work.


27 posted on 10/25/2018 12:40:50 PM PDT by metmom ( ...fixing our eyes on Jesus, the Author and Perfecter of our faith......)
[ Post Reply | Private Reply | To 8 | View Replies]

To: HombreSecreto

28 posted on 10/25/2018 12:47:07 PM PDT by Delta 21 (.....been here this long you actually expect me to read the article....)
[ Post Reply | Private Reply | To 16 | View Replies]

To: HarleyD

Any solutions...
Yeah, cut welfare.

First things first !

CONGRESSCRITTERS are forced to have same as WE HAVE for benefits !


29 posted on 10/25/2018 12:47:11 PM PDT by litehaus (A memory toooo long.............)
[ Post Reply | Private Reply | To 8 | View Replies]

To: SeekAndFind

“Medicare has no money in eight years.”

Medicare has insufficient money in eight years to pay current rates.

Hospital costs will have to come down - by converting hospitals to real estate leasing operations serving surgeons, anesthesiologist, nursing ward operators and pathologists. This will make hospital overhead far less costly.

Drugs costs will have to come down - NHS style.

Reimbursable doctor visits will be limited. Say 10/year at 80% reimbursement, 10 more/year at 70% reimbursement, etc.

Things like wheel chairs and other personal durable equipment won’t be covered at all.


30 posted on 10/25/2018 12:48:52 PM PDT by Brian Griffin
[ Post Reply | Private Reply | To 1 | View Replies]

To: HarleyD

Here is a very Democratic solution to the Public Employee Pension Crisis:

Make it needs based. No public employee needs more retirement income than the average pensioner. However, since they were so special and did work helping the peasants manager our sorry little lives, we will allow them a 10% more than average retirement income. Anything else will be withheld to share the wealth with the less fortunate peasant class like extending the life of social security and medicare.

I'll bet this alone would solve the problem overnight.

31 posted on 10/25/2018 12:51:24 PM PDT by Vigilanteman (ObaMao: Fake America, Fake Messiah, Fake Black man. How many fakes can you fit into one Zer0?)
[ Post Reply | Private Reply | To 8 | View Replies]

To: CaptainK

Gold/silver/PM. Bitcoin if you’re really ambitious. Maybe some of both.


32 posted on 10/25/2018 12:54:33 PM PDT by Methos8
[ Post Reply | Private Reply | To 12 | View Replies]

To: SeekAndFind

It would be an awful thing during the next depression if Antifa / Occupy Wall Street / BLM dindonuffins were to obtain a comprehensive address list of well off retired public employees to involuntarily donate their obscene pension wealth plunder...

Number of state retirees getting six-figure pensions grows 30 percent in one year

by Marc E. Fitch | Jan 25, 2018 | 

http://www.yankeeinstitute.org/2018/01/number-of-state-retirees-getting-six-figure-pensions-grows-30-percent-in-one-year/


33 posted on 10/25/2018 12:54:37 PM PDT by MarchonDC09122009 (When is our next march on DC? When have we had enough?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
Oh, the politicians have a solution alright, Bill Clinton even let it slip once and got royally slammed by both sides. But when push comes to shove, they will do it in a heartbeat. Know what I'm talking about? The one huge multitrillion dollar source of income that the government hasn't found a direct way to get it's grubby paws on?

Figured it out? I'm talking about private retirement accounts, 401K's and the like. Clinton once proposed a one time "tax" of approximately 10%-15% of the current value of all 401K's to permanently shore up Social Security. Some of the really far left politicians have floated the idea of seizing ALL 401K's and then putting them under government control as sort of a Social Security Plus retirement benefit.

After all it's hardly fair to those financial deadbeats that never saved that you have a huge nest egg out there.../sarcasm off

34 posted on 10/25/2018 12:56:08 PM PDT by apillar
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Pension cost of living adjustments will be abandoned or the cost base expanded to include say Baja California or all of Mexico.

Dear California Pension Recipient:

Since half of California pension recipients have Mexican citizenship, half the cost of living base will be of Mexico.

Buenas Dias,
Governor Brown III

Es sencillo.


35 posted on 10/25/2018 12:56:20 PM PDT by Brian Griffin
[ Post Reply | Private Reply | To 1 | View Replies]

To: MNJohnnie
We will be stuck working until we die cleaning up the incredible mess of every thing the Boomers created

The economic mess began in 1913, with creation of the Federal Reserve and the federal income tax (16th amendment). These allowed continual and sustained growth of the federal government.

The economic mess accelerated with the 19th amendment (women's vote) in 1920, as women vote for security over liberty.

The economic mess culminated in the early 1960s with the Civil Rights Act of 1964, the Economic Opportunity Act of 1964, the Food Stamp Act of 1964, the Elementary and Secondary Education Act of 1965, and the Social Security Amendments of 1965 which created Medicare and Medicaid. This is the so-called "Great Society" or welfare state by LBJ.

We have not even touched upon the moral mess, which (briefly) came about through the Frankfurt School at Columbia University and UC Berkeley in the 1950s (free sex, no moral absolutes), the FDA approval of the birth control pill in 1960, and the outlawing of prayer in schools in 1962 by the Supreme Court.

Finally, there is the Immigration Act of 1965 which allowed immigrants from 3rd world sh!tholes, giving foundation to identity politics and the fragmentation of the social/cultural/historical mores of the USA.

The Boomers participated in all this, but they certainly didn't vote for or create these disasters.

36 posted on 10/25/2018 1:00:24 PM PDT by bkopto
[ Post Reply | Private Reply | To 11 | View Replies]

To: SeekAndFind

Teachers and other public workers just need to be able to invest their own money in a 401k plan for retirement. Even with matching contributions, municipalities should pay much less for retirees. They need to do it very soon.


37 posted on 10/25/2018 1:00:29 PM PDT by Crucial
[ Post Reply | Private Reply | To 1 | View Replies]

To: apillar

‘Effectively, Labour has stolen £5bn a year from our pension funds. And that 1997 legislation really set the tone for things to come.’

https://www.thisismoney.co.uk/money/pensions/article-1692321/Has-Labour-really-ransacked-our-pensions.html


38 posted on 10/25/2018 1:00:52 PM PDT by Brian Griffin
[ Post Reply | Private Reply | To 34 | View Replies]

To: Vigilanteman

“Make it needs based.”

Cap it, so as not to discriminate against the thrifty.

“No public employee needs more retirement income than the average pensioner.”


39 posted on 10/25/2018 1:03:53 PM PDT by Brian Griffin
[ Post Reply | Private Reply | To 31 | View Replies]

To: CaptainK

Gold, silver, bitcoin. The first two can be confiscated. Bitcoin cannot be confiscated. Have some of each, for diversification. The only cryptocurrency with longest track record, the best developers, and the most decentralization is Bitcoin. None of the other so-called “sh!tcoins” will do.


40 posted on 10/25/2018 1:05:53 PM PDT by bkopto
[ Post Reply | Private Reply | To 12 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-75 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson