Posted on 01/02/2010 12:10:30 PM PST by radioone
That's why federal spending above its revenues should be illegal, punishable by crucifixion (or perhaps something even more painful).
(Excerpt) Read more at directorblue.blogspot.com ...
1.Stop spending
2.stop printing money
3.cut taxes
4.cut useless government programs
5.stop bail out programs
5.cut big government
6.
No, not crucifixion, because then they would see themselves as Christ-figures....
6. FIRE CONGRESS!!!
7. Outlaw state & gov’t employee unions
Thanks
Sould have put that one first.
If not crucifixion, how about drawing and quartering?
Four horses are used, one hitched up to each of the limbs of the miscreant. The horses are whipped up to go off in four different directions, then when the strain is starting to tear the miscreant’s body apart, slash the body with one sword across the midsection, separating top and bottom, then two more sword slashes, one separating the legs, and the other cleaving the top part of the torso, head and backbone on one side, the remainder of the rib cage on the other.
God then settles the question of guilt or innocence. From there, no option remains of further appeals.
Excessive debt of ALL types is going to make 2010 a nightmare. Until we understand the scope of this debt crisis, we are not going to be able to deal with it... assuming there is any way to deal with it at all... it is exponentially bigger than people realize.
This crisis is NOT a crisis caused by one particular type of loan/debt... it was caused by a TSUNAMI of ALL types of debt... IE: mortgage debt, home equity debt, consumer credit debt, credit card debt, auto loan debt, commercial real estate debt, municipal debt, corporate debt and on and on... whether they were prime, subprime, alt-a or XYZ-type loans, they ALL contributed to the tsunami of debt.
In the U.S., consumers owe over 11 TRILLION dollars in 1 - 4 family home mortgage debt and 2.6 Trillion in other consumer credit debt... for a total of around 14 Trillion.
One Trillion (ONE) is $1 per second for 32,000 years... without interest! Noodle that one for a minute.
People are screaming about the Fed Gov’t owing 12 Trillion... at least the gov’t can tax and they have a printing press... consumers owe MORE than the Fed Gov’t and many consumers have lost their only source of income... a job!
Home prices are going to continue to decline until supply meets demand, meets a price that the average person can afford, meets a consumer who can qualify for a loan under much stricter mortgage guidelines.
There is not a mortgage modification scheme known to man that can stop millions and millions of additional foreclosures from happening.
Subprime was simply the first link to break in an extraordinarily over-stretched chain of debt. Alt-A Option ARM loans are now defaulting at the same rate or at an even higher rate than subprime.
Prime loans are not far behind... we’ve only seen the tip of the iceberg in prime foreclosures. Commercial real estate loans are expected to implode in 2010... so are municipal bonds due to collapsing tax revenues.
ANY loan that was taken out when the market was grossly over-valued was a bad loan. If a “prime” borrower with perfect credit, full income documentation and a 20% down payment bought a house or a commercial building that was 40% over-priced, then that TOO was a bad loan.
Americans took out and spent HUNDREDS OF BILLIONS of dollars in home equity loans from 2000 - 2007. They spent it on clothes, cars, boats, RV’s, 2nd homes, nannies, private schools, fine wine, fabulous vacations, etc.
That home-ATM has been cut off... which is playing a huge part in unemployment, because those debt-fueled jobs are not coming back any time soon. Tragically, higher taxes, Obamacare, Cap and Trade and Card Check will only make unemployment worse!!
Individuals are broke, cities are broke, states are broke, the Federal Gov’t is broke!
If the gov’t would step back and let the free market work (IE: allow bad investments to be purged from the system and stop encouraging even MORE debt!), then we could start the process of healing... but what are the odds of the gov’t stepping back from anything??... zero! They will only meddle in the markets more and more and make it worse and worse.
“Americans took out and spent HUNDREDS OF BILLIONS of dollars in home equity loans from 2000 - 2007. They spent it on clothes, cars, boats, RV’s, 2nd homes, nannies, private schools, fine wine, fabulous vacations, etc.
That home-ATM has been cut off... which is playing a huge part in unemployment, because those debt-fueled jobs are not coming back any time soon.
“
Totally agree. Once the Mortgage-ATM stopped the spending stopped. This economy was dead in late 2000 with the DotBomb era of spending from the 90’s. Only the mortgage-ATM era kept it from a total collapse. Now that the ATM has stopped spewing debt riddled money, there is nothing else providing grease to the skids.
No income redistribution.
No welfare.
Wind down Social Security
Euthanize Medicare/Medicaid
Reduce the number of Federal employees by 3% per year until the number per capita is half the current level
It’s like I told my congressman, trying to fix an economy crippled by debt by encouraging banks to make more loans is like trying to save a drowning man by throwing him a cinder block. Like it or not, we need to balance the GD budgets.
I don’t see anyone in charge who is doing anything other than exacerbating the problem. If you can see hard times coming, do whatever you can to brace yourself. Counting on this government is lunacy.
In a fractional reserve banking system the amount of outstanding loans determines how many $’s are in circulation right?
If the debts go into default isn’t that deflationary as money supply decreases?
Still a nightmare.
In a fractional reserve banking system the amount of outstanding loans determines how many $’s are in circulation right?
If the debts go into default isn’t that deflationary as money supply decreases?
Still a nightmare.
Remove the criminals who are doing the damage!
Simple solution.
It will increase revenue to the treasury.
It will cause the economy to take off like a runaway freight train.
It’s a tax increase.
On lawyers.
Tax the lawyers. The easiest way to do this is to put a surtax on legal fees and a progressive tax on contingency fees from civil awards.
I’d go for something like a good old tar & feathering. Mildly painful, not fatal, and totally humiliating.
'The U.S. has no way of avoiding a financial Armageddon'
And..., to be followed shortly, by the Armageddon spoken about, by the God of Abraha, Isaac and Jacob, in the Middle East... everything is on schedule with God... :-)
When thinking about Jesus and His return -- a lot of people think about a cute little baby Jesus or a very nice man who said nice things to people, was uplifting, and healed a bunch of people...
What people really need to remember is that there's this "big bad Jewish fellow" out there, who's showing up soon, sorta unexpected, and he's "looking for bear" and is gonna open up "the biggest can of whoop-ass" you've ever seen in your life, on a bunch of people here on earth. LOL...
However, many fail to understand -- but they will "understand" when the Messiah of Israel returns to this earth, sets His feet on the soil of this globe, and sets up the ruling authority -- the one-world government -- that He puts into place over all nations, including the United States.
He's the Messiah of Israel, that He is coming back to earth, to set up a one-world government, with His headquarters in Jerusalem, ruling over all the nations of the world, including the United States and will rule over all who are still alive (from who are living right now today) -- and that He will definitely scrap the Constitution of the United States and make Himself the supreme ruler over all that we do.
The "day of reckoning" is coming for all of those who are trying to take over the world and put it totally under their control in an evil one-world empire. And they do admit that they want a one-world government -- their government, not God's...
When the Messiah of Israel comes back to this earth to set up His one-world government and subject all the nations of the world to His authority and rule -- He'll be making real short work of any of those yahoos...
And you can be sure that He will be utterly destroying anything to do with any of these yahoos, since whatever they say and do is a total perversion of anything to do with the Messiah of Israel.
And for sure -- we all, in this world, need the Messiah of Israel back, here on earth -- to destroy this coming one-world government and to install His own one-world government in its place.
I'm looking forward to the coming Kingdom on earth and the one-world government that the Messiah of Israel will be setting up, after He destroys, by His own hand, the present and evil one-world government that we see forming right now.
Isaiah 9:6-7
For unto us a Child is born.
Unto us a Son is given;
And the government will be upon His shoulder.
And His name will be called
Wonderful, Counselor, Mighty God,
Everlasting Father, Prince of Peace.
Of the increase of His government and peace
There will be no end,
Upon the throne of David and over His kingdom,
To order it and establish it with judgment and justice
From that time forward, even forever.
The zeal of the Lord of hosts will perform this.
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