Posted on 10/11/2013 5:25:16 PM PDT by Twotone
“There is precedent for a government shutdown,” Lloyd Blankfein, the chief executive officer of Goldman Sachs, remarked last week. “There’s no precedent for default.”
How wrong he is.
(Excerpt) Read more at washingtonpost.com ...
The Bernak and the Goldman Sack are going to ruin us eventually.
You can party all night long but eventually you have to pay the bar tab and the band. America is heading for default no matter what those buffoons on Capitol Hill decide at Barry’s expensive dinners paid for by the taxpayers. I think it’s too late already. America is going under. Amnesty will be the final nail in the coffin.
I think we default on our debt every time we raise the debt limit actually.
Paul Krugman has been editorializing for years in favor of 5 to 6% inflation, and
the new fed chief Yellen is pro-inflation.
If you really want to get depressed, read Dave Stockman’s book “The Great Deformation”.
730 page rant and pretty much on the spot.
Right. Inflation is the only way out but it depends on the US getting its budget under control. Meanwhile, retirees and middle class hardest hit.
Which is happening now. What good is it, if a crappy economy depresses your investment income more than the full amount of your Social Security? (Which has happened to retirees I know in the past 5 years.)
America needs to return to American production.
Build things in America, for export.
Not the other way around. For an entire generation now we have been selling out the way America became great to begin with. We need to stop selling out America, and begin PRODUCING THINGS. Manufacturing things.
Exporting things.
Start by protecting American goods with tariffs. Just like our competitors.
It works for everyone else.
It will work for the United States.
Bring jobs back to America.
Drill baby drill.
And drill baby drill.
:D
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