"Fact is, it doesn’t matter. Not one bit. And I’ll show you mathematically"

Sovereign Man ^ | 11/7/2012 | Simon Black

[cherry]

but Congress and all govt in this country anyway will not want to “violate” another congress’s work...but what they really mean is they really don’t want to change anything...they’ll look glum and talk a good game but most politicians really love the govt to own and run everything..

[JLS]

Alas you have bought into the DIm language that some program passed by one Congress can not be undone by another Congress. What you along with the DIms and MSMediots call mandatory spending or entitlements are in fact promises.

Some promises are kept and some are not. One Congress can not bind another Congress to keep its promises. So far with the more popular of these promises Congresses have gone along with past Congresses.

If the economy does not start growing and generating more revenue, that will not necessarily continue forever. When two workers are supporting one retiree, the retiree necessarily will get only some fraction of what the workers produce, no matter what the retiree was promised.

[Lancey Howard]

Obama can balance the budget by killing off the elderly and the welfare recipients.

Welfare recipients? Ubama isn't going to kill off the Democrat party base.

[null and void]

Like being dead will stop them from voting???

[Lancey Howard]

When two workers are supporting one retiree, the retiree necessarily will get only some fraction of what the workers produce, no matter what the retiree was promised.

[Lancey Howard]

Good point.

[Hieronymus]

Very good post.

[JLS]

Your picture is irrelevant to my point.

[Vermont Lt]

Mind if I copy that and keep on hand for my friends.

People do not realize that we have spent and taxed ourselves into oblivion. Literally. The country cannot stay on this course. People will end up dying in the streets. Either from homelessness and neglect...or from civil war.

When the unemployment of our under 25 year old male population continues to climb, added to reductions in benefits and an weakening America abroad...it is a bad, bad mix.

The best thing now is to not anticpate any entitlements, save all of your money. Screw paying down debt..you can pay it off in a year with money worth a lot less. Buy hard assets, Gold, Silver, Guns, stuff that will work a long time and that can be mobile. Because if you do not own your home....you will be moving.

[Prospero]

Hyperinflation? Well, debasing the currency is an old standard for getting out of sovereign debt holes. But, just as with the Weimar, the over-wrought machinery of democracy can quickly morph into the lower life form known as mob rule, even if economic times become relatively better.

Hitler was born of a plurality.

[Tired of Taxes]

That is all I was hoping for with Romney. Maybe a few months of real growth before the collapse.

I think that's what we all were hoping for. Now it looks like we're headed into the abyss. This journey should be interesting, to say the least. I noticed the president, in his victory speech, said something like, "Now we can continue with the work of perfecting our union..." Whoa. Frightening.