Posted on 09/09/2011 8:18:00 PM PDT by Graewoulf
Today the US Senate approved that the US National Debt ceiling be raised from 14.6 Trillion to 15.19 Trillion dollars, in Obama's relentless " race to the bottom " of THE NATIONAL VALLEY OF DEBT.
Question 2: Is the destruction of $15,190,000,000,000.00 ENOUGH to insure that America truly is TO BIG TO FAIL ?
What say you?
The US is already too big to fail. That’s why foreign investors are still bailing us out. It may not always be that way though.
comrade obama’s betting on the u.s. failing
At this rate, why not make it 20 Trillion, at a certain point it does not matter anymore.
We all acknowledge the ballooning national debt; we have already reached the tipping point where our debt to GDP ratio now results in a contraction each time the government grows.
What has every scared out of their minds, and will result in more rounds of QE, is the derivitive bubble of $700 trillion.
Our toxic assets, guaranteed by the full faith and credit of Bernake's printing presses and the American taxpayer, were sold across the globe. Leveraging these resulted in more risky loans. It's a financial house of cards built right over a fault line.
When it comes down, it will come down hard. It will start in Europe, there will be a run on banks, and we are back in the 1930's again.
At this rate, why not make it 20 Trillion, at a certain point it does not matter anymore.
It matters to the working stiffs. Does not matter much to the grifters, banksters, and politicians.
Their whole idiotic plan would have worked better if they had simply given each American household a million dollars.
Sub-Zero has done more harm to the USA than all the other Presidents together have.
Destruction of wealth, Jack-Boot application of preditory regulations, violation of the US Constitution by signing his obamatrama”care” bill illegally into law, etc., etc.
The thirties are a walk in the park compared to what is coming.
The bigger they are, the harder they fall.
I agree. There are no known Federal programs that are not in debt.
There are no known Federal Trust Funds that are not in debt.
Regulation has replaced laws, Congress and the courts.
If we have an incompetent President such as Obama, then it will be a straight line rule of terror from the Executive to the Regulator in the field.
Debt will be equalized at the point of a regulator’s gun.
And it’s all going to sink to sink to what they are all worth.
‘Sub-Zero’ great moniker; I like it better than mine; ‘Less-than-Zero’.
People will have to be in pretty bad shape worldwide (think starving) in order to accept the world government plan that is going to get them fed again.
It would be a logical path to pure Globalism with a multitude of tyrants running the really really big show....
” - - - The US is already too big to fail. That’s why foreign investors are still bailing us out. It may not always be that way though. - - - “
I agree. The purpose of this post is to generate a dialog amongst ourselves at FR on the topic of TO BIG TO FAIL.
The Tabloid MSM bought into the idea that somehow the USA was to “ big to fail “ because the USA was “saving” others.
I say bull-pucky! The more the USA spends, the MORE likely the USA will fail.
So much for “Govspeak.”
I like to use the wisdom of Paul Harvey : WHEN YOUR OUTGO EXCEEDS YOUR INCOME, YOUR UPKEEP WILL BE YOUR DOWNFALL, when I balance my personal checkbook.
It is high time that Sheriff of Nottingham Timmy Gee does the same with Obama’s checkbook.
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