Posted on 06/26/2012 3:56:44 AM PDT by Kaslin
” 7) They don’t see how it will affect them
This. It’s always this. “
They will understand well enough when we have a provable 20-25% unemployment.
” We create our own currency so the term bankruptcy is not appropriate either. The USA will never declare bankruptcy. No one knows exactly when these deficits will directly hurt us because the world deflation is keeping us from seeing seriously obvious inflation. “
I do my own shopping, and I can tell you over the last 3 years, groceries I buy regularly have gone up 20% to 60%.
You watched Bill Clinton do it for eight long years -- that's all he did. All he ever did was midnight basketball and welfare reform, the latter only because Congress crammed it down his throat, so he stepped up and took credit.
Of course, Obama undid it his first day in office -- "Gittin' the FO'KES some HE'P!!!" And keeping them on the 'Rat Plantation.
You don't get it.
These people already have all the money they'll ever need, and more. It isn't about money.
It's the treading other people down, abusing people and taking things away from them, that is so sexy.
Don't believe me? Check out Genghis Khan's answer to the question, "What is best in life?" (Hint: he was quoted in Conan the Barbarian.)
I will advance my idea again of how the USA can fix the staggering debt problem:
DECLARE NATIONAL CHAPTER 11 BANKRUPTCY AND APPOINT AN ALL-POWERFUL JUDGE TO DISCHARGE IT!
1. Pass a law (simple majority in Congress) to declare national bankruptcy.
2. The Bankruptcy Judge and his Trustees make all the decisions and kill all the sacred cows. Small Biz Administration, farm price supports, County Agents, Dept. of Education, National Public Radio, National Endowment for the Arts, unneeded military bases, numerous commissions, subsidies, grants, etc. would come under the knife or be eliminated. A million leftist GS14s would have to go flip burgers for a living using their liberal arts degrees.
3. Cut entitlements. Advance the age for collecting Social Security and Medicare. Re-examine every person on SSI Disability and make them prove they are disabled. Make it a priority to send sick illegal aliens back to their country of origin for medical care (off Medicaid). Cut Congressional pensions to ZERO since they got us into this mess. Cut Presidential pensions to zero. Cut civil service pensions to what the lowest GS4 gets.
4. Eliminate contracts. No government unions will be recognized.
5. Lay off 80-90% of all federal workers. Contract out every function that can be privatized.
6. Sell assets. GM/Chrysler stock, mortgages held by Fannie & Freddie, BLM land, some national forests, federal buildiings, mineral rights including offshore. All proceeds must be used to PAY DOWN THE NATIONAL DEBT.
Note that the USA will NOT renege on our debt. We have plenty of assets to pay down most of the national debt. Thus our credit rating will once again be the best in the world.
A side benefit is that the transfer to private ownership of vast tracts in the West will lead to a development/mining/drilling boom.
Hows that for a start?
Oh, you mean by "recognizing our place in life", and learning to bow and scrape and step and fetchit. For 10 cents an hour. Like that.
Wonder if they'll bring back Pierce-Arrows and riding boots with spurs?
How about that Mexican market where the illegals, err, future Obama voters, shop in your town?? The prices can't be that bad there. I bet you love Mexican food living so close to the border.
BTW : The FBI and Homeland security are staking out that Mexican market to make sure your racist police don't harrass any of these 'new immigrants'.
Private ownership? Well, which private ownership? The NWO plutocrats, or the Chinese?
You won't object when the Chinese start bringing in (without telling you) about 200,000,000 more Chinese to help them "develop" their real estate, will you? I mean, you can't -- private property! Sovereign owner! Who you gonna call then? Ghostbusters?
For me it’s the UFO problem. Discussing random stuff with a co-worker one day we got onto UFOs and he said “of course one thing to keep in mind is that if a UFO lands on the White House lawn today I still gotta go to work tomorrow morning”, meaning there’s a whole lot of real life that still needs to get addressed no matter what. Same applies here, my votes don’t seem to effect the possibility of meltdown and whether the meltdown happens or not I still got a job to hold down to pay bills. Real life today and tomorrow type stuff has to take precedence over 5, 10, 15 years down the road stuff. I try to vote against socialists when I can, they win anyway, that’s pretty much the end of it.
” How about that Mexican market where the illegals, err, future Obama voters, shop in your town?? The prices can’t be that bad there. I bet you love Mexican food living so close to the border.”
1) There aren’t any illegal Mexicans near where I live.
2) I don’t care for Mexican food....to me it is mostly slop.
3) I lived in California for 30 years, and I have never been to Mexico : )
When I get ethnic, I like Indian food, and Thai food.
I am OK with foreign investment. I am all in favor of immigrant entrepreneurs and wealthy investors.
Everybody would object to massive immigration that amounted to an invasion.
I don’t see that as anything but a fantasy for our enemies.
In my experience, I have not seen foreign entrepreneurs trying to bring along anybody but family and skilled workers.
BTW, what is YOUR solution to the massive debt bubble? I offered mine.
IF we were to eliminate entitlements et al, there would be a resulting budget surplus of epic proportions.
We in the U.S. aren't producing anything as China manufactures what we use. The government just creates money out of thin air to give to welfare cretins who buy made in China crap. The example the article gives about the guy who lives in the mansion is exactly right. I have thought the same thing. That's us , we don't produce anything but debt.
In 1970 America was the richest country the world had ever seen, with the highest living standards , fastest rising living standards, most job opportunities , most opportunities to make money ever and far above any country in these things. Now we are just like the guy in the mansion who borrows to pay for it all and produce nothing. imagine if we had built on what we had in 1970, where we'd be now with the advances in technology etc. No instead they have grown the government, grown regulations , and allowed china to steal all our industries and technologies. We have no jobs , no opportunities, only debt. imagine if we'd built on what we had in 1970, the rising opportunities to make money, the job opportunities, the wealth etc. Instead government has done everything possible to destroy America with the EPA, and trade agreements with china etc.
Plural? Could you name them?
I know of only one: Anh "Joseph" Quang Cao, RINO-LA02.
I have worked with many businesses in bankruptcy. As long as there is cash flow, THERE IS NOT A PROBLEM.
There is only a problem when the cash flow stops, and then it is the lenders fault. Things were fine until they stopped lending me money.
I would add that very few business manage for profit, they manage cash flow. You and I do also if we admit it. Profit and cash flow are not the same.
I will also state that there is not one govt that manages for profit, only cash flow...................
THE NUMBER #1 REASON:
The MASSIVE number of Federal “employed”. AND they are looking for permanant Fall Guy servants, like they are trying to pull with Phony-Care.
My spouse has Parkinon’s Disease and receives US Treas. disability checks annually equal to the Fed Income Taxes I pay annually aside from another $15K in the income taxes I pay annually. (Those go to our valiant military and veterans, and gladly.)
Imagine the federal savings — if we cut out the middle man, the gangsta Govt in Washington. And let local voluntary charity and individuals, not federal “planning” — corrupt, cronyism entitlement systems — rip us off with Solyndra, Bridges to Nowhere, Obama phones, obscene GM union bailouts, etc etc etc.
Everyone pays for their own needs peacefully, does not steal-via-government for what they ‘need.’
Most excellent, darth.
I would add one item:
Use the Reconstruction precededent to declare left wing states like California in insurrection, dissolve the state government and send in a military governor with investigators and troops to clean out the fascists and commies.
It’s either that or CW II.
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