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It Is Mathematically Impossible To Pay Off All Of Our Debt
Zero Hedge ^ | 5/22/15 | Michael Snyder/Tyler Durden

Posted on 05/22/2015 5:14:38 PM PDT by fhayek

click here to read article


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To: fhayek

The original of the original article is here:

http://theeconomiccollapseblog.com/archives/it-is-mathematically-impossible-to-pay-off-all-of-our-debt


61 posted on 05/22/2015 6:16:20 PM PDT by upchuck (The current Federal Government is what the Founding Fathers tried to prevent. WAKE UP!! Amendment V)
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To: fhayek

Obamacare will lower premiums by $2500 which will stimulate the economy and swell tax receipts which will result in a budget surplus and pay off the deficit.

And I will win American Idol next year!


62 posted on 05/22/2015 6:19:29 PM PDT by Kenny500c
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To: fhayek

you are thinking of robots AI gone mad.

I am talking about drones that do exactly what they are ordered to do without question, unlike a real solider.


63 posted on 05/22/2015 6:21:14 PM PDT by TexasFreeper2009 (You can't spell Hillary without using the letters L, I, A, & R)
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To: fhayek

Some people are so good at chess they can count down from 10 the number of moves they will take to reach checkmate.

Some people are so bad at chess, that they don’t even know when their king is in danger.

The US is a horrible chess player.

The enemy started counting down 6 years ago.


64 posted on 05/22/2015 6:23:44 PM PDT by Safrguns
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To: B-Cause


65 posted on 05/22/2015 6:24:10 PM PDT by kabar
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To: Safrguns
No question. What Obama doesn't seem to realize, is that letting the 'JV' eat your lunch only emboldens the really powerful countries of the world to press their territorial claims. Next thing you know, you have three theatres of battle going on.
66 posted on 05/22/2015 6:27:36 PM PDT by fhayek
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To: Iron Munro

Inflation also increases the debt servicing costs of the now $18 trillion national debt. We will be carrying our money around in wheelbarrows like the Weimar Republic. And the dollar will surely lose its place as the world’s reserve currency.


67 posted on 05/22/2015 6:29:26 PM PDT by kabar
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To: fhayek

>>> No question. What Obama doesn’t seem to realize...

You must not play chess.


68 posted on 05/22/2015 6:30:39 PM PDT by Safrguns
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To: fhayek

Quick! The Kardashians! Bruce Jenner!!!

More idiotic tabloid news to distract the sheeple!!!


69 posted on 05/22/2015 6:34:09 PM PDT by SaveFerris (Be a blessing to a stranger today for some have entertained angels unaware)
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To: Zeneta

And if pigs had wings, they could fly. What you propose has no support from the people. There is a lack of political will to make the painful decisions necessary to get back on track. The welfare state is firmly embedded in our culture. Politicians and the voters will support any solution that keeps it going.


70 posted on 05/22/2015 6:34:34 PM PDT by kabar
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To: Safrguns
I play chess alright. But you can only see ten moves ahead if you are in a mating sequence. In other words, if the moves are forced and limited. Otherwise, ten moves (that is, ten moves for you and ten moves for him) yields something on the order of 2.2 x 10^29 positions. I cannot fault Obama for not seeing that far ahead. On the other hand, losing to ISIS, is a flipping bonehead move of biblical proportions.
71 posted on 05/22/2015 6:42:59 PM PDT by fhayek
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To: The Antiyuppie

The $ has ALREADY been devalued 90%+...since the inception of the Federal Reserve.

It costs more to mint a penny and nickel than they are currently worth in raw materials...

The problem is a fiat currency and an unconstitutional Congress. Kill the entitlements (no one has the authority, let alone moral authority, to make another their economic slave...all for a vote)


72 posted on 05/22/2015 6:44:17 PM PDT by i_robot73 ("A man chooses. A slave obeys." - Andrew Ryan)
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To: St_Thomas_Aquinas

“Anyway, we all know that SS will come to an end. And in practice it will mean most parents will have to move in with their children, which will probably be a good thing. It’s the way it was done for generations before the government stepped in.”
LOL.
Old people were rare.
People died in their 30’s on average up until the 19th century. Life expectancy in 1900 was only 47. Retirement was set at 65 for SS because the vast majority of people wouldn’t make it.


73 posted on 05/22/2015 6:45:40 PM PDT by Kozak (Walker / Cruz 2016 or Cruz/ Walker 2016 Either one is good...)
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To: fhayek

The debt is really just a cover for selling assets to cronies at fire sale prices “to pay our debts” while sticking the midfle class with the bill.


74 posted on 05/22/2015 6:48:00 PM PDT by RKBA Democrat (The ballot is a suggestion box for slaves.)
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To: The Ghost of FReepers Past

Nothing happening that our Lord and saviour Hillary can’t fix.

#marxistheanswer lol.


75 posted on 05/22/2015 6:49:27 PM PDT by corlorde (Oath Keeper)
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To: TexasFreeper2009

“The real question is not will we default....”

The real question that communities across the country should be pondering is how do they manage to take care of those that truly need help without any assistance from outside the community. No medicaid, no Social security, no food stamps, no disability, no unemployment....

THAT is a the real question. Many communities won’t have a good answer.


76 posted on 05/22/2015 6:51:54 PM PDT by RFEngineer
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To: kabar

Both our politicians and the electorate are very very shortsighted.

As I posted earlier, Ryan has a plan that would transition us away from the welfare state.

The electorate doesn’t really give a crap about some rule change that wouldn’t affect them for 5 or 10 years.

But the power of their money would affect them now.

As I said before, our Government is nothing more than a “Middle Man”, a pass through entity that happens to have the ability to make rules and collect the money with massive overhead.

Remove/limit their ability to make rules/regulations.

Freeze their budgets.

States need to reject Federal funds.

Flood the Feds with money.

At this point we can tell the feds that any and all excess funds are to be allocated to the current budget (which will be easily paid for) then towards future commitments.


77 posted on 05/22/2015 6:53:11 PM PDT by Zeneta (Thoughts in time and out of season.)
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To: Zeneta

We have a very recent example of what happens when the money runs out, and that is the USSR.

The satellite countries began to ignore the central govt sending less revenue and retaining more power.

they couldn’t borrow anymore internationally.


78 posted on 05/22/2015 6:53:26 PM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: PeterPrinciple

I guess what is being suggested, is that, come the SHTF, the nation will fragment. Outsiders will be looked on with suspicion, and, perhaps new countries will emerge.


79 posted on 05/22/2015 6:55:52 PM PDT by fhayek
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To: RFEngineer

-—— No medicaid, no Social security, no food stamps, no disability, no unemployment....-——

These things aren’t going away....the democrats in Congress will never give up their sacred cows to keep their base voting for them....

These programs will still issue checks or transfers... They will simply be almost worthless....


80 posted on 05/22/2015 6:57:43 PM PDT by Popman (Christ Alone: My Cornerstone...)
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