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To: pepsionice
Regardless of the gloom and doom portrait that you paint, it is exactly what has to happen. The Federal government spends 40% MORE than they take in. That is allot of lay offs and department closures.

An expendable government department and employee is just that, expendable. Even those that are not expendable, become expendable when the hatchet falls. By all means, FIRE many of them. DC will have to suffer. Start with every one in the EPA. Leave one guy to answer the phone, or not.

All those left, 30% pay cut, 10 personal days, No pension, 3% 401K/403B match, THEY pay 50% of their health care insurance. All retirees 30% pension hair cut, They pay their own Medicare Supplements. That is what happens in Bankruptcies and the U.S. Government is bankrupt.

Better yet, DO NOT increase the debt ceiling. Simply live on the monthly revenue and start to SELL government lands on the open market. The U.S. Government owns trillions of dollars and hundreds of millions of hectares of land, and a vast majority is NOT parks. They own hundreds of billions of dollars worth of buildings, Sell them all, lease back what is absolutely necessary.

United States government has direct ownership of almost 650 million acres of land (2.63 million square kilometers) – nearly 30% of its total territory. Sell some of it, Hell sell most of it. What you can not sell LEASE for the mineral rights.

Also formulate a plan for the unavoidable default that is destined to happen when no one wants our worthless paper. Remember the Federal Reserve is buying around 70% of the debt issued RIGHT NOW! We are going to have to decide what portion of the debt can be paid and reduce the payment made to that amount. Once again that is what happens during a bankruptcy. And the U.S. Government is Bankrupt. They live high on the hog, way above their means.

Desperate times call for desperate measures. a band aid removed quickly is painful for the least period of time.

19 posted on 11/08/2012 4:42:39 PM PST by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: Jim from C-Town

I like the way you think! Awesome post!


21 posted on 11/08/2012 4:56:13 PM PST by yellowhammer
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