Posted on 01/16/2009 6:04:55 PM PST by Grut
I've thought a lot about whether this is a good idea and concluded that it isn't; it's just better than the alternatives.
It's obvious by now that responsibility goes out the door as soon as government players get a new dollar to spend. So, rather than hope in vain that the Republicans will discover both principles and spines and lead the Democrats out of error, I propose starting a popular movement to abrogate all new government debt, starting from now.
The idea is to encourage young people of every persuasion - conservative, liberal, libertarian - to push candidates for office, regardless of party, to announce that they'll support abrogating all notes issued after 1 January 09 if elected. I say "young people of every persuasion" because they're the ones who're otherwise going to spend the rest of their lives paying off the money being spent today.
It's a perfectly moral action, akin to self defense. And anyone buying government notes at this point is just loaning money to a bankrupt spendthrift - what can they expect?
I'll even suggest a slogan: "Forget the Debt!"
What will this do? The very existence of this movement, if it gets any traction at all, should scare away the lenders who're the government's willing enablers. The government will not refrain from spending tomorrow's resources today, but maybe we can get the same effect by shutting the money flow off at the pump.
ping to self for followup tomorrow
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IMHO, this will bring on hyperinflation because the idiots in charge will print money to attempt to keep the scam going ala USSR.
This will eventually fall of its own weight as tax payers realize there is no “there” there.
Bottom line?
In the next few years, be self sufficient.
If you owe, be prepared to pay the minimum as the debt eventually will become almost infinitesimally laughable. The losers will be the ones holding the bag. (China?)
That may initiate a war because they will be totally P.O.ed after USA defaults.
Oh, well...
Steve B.
Yes but being the biggest client in the world, they can’t get rid of us. Then there will truly be no one to buy all their stuff in the quantities they desire.
"Invent electricity"? Was it "invented" by the same guy who invented gravity and sound? LOL
And then what? Even if you zeroed out the national debt, idiots and Democrats (but I repeat myself) would just run up a new tab.
No, this nation needs to suffer and bleed, paying off every last dime of debt. And every time the lash descends on our backs, let us damn those of both parties who put us into debt, and all who voted for them.
After all, this isn’t the first time this has happened. It took two generations to pay off the British bankers who financed the War Between the States, but they received every penny, in gold.
If that what it takes to return America to fiscal sanity, and I believe that it is, then so be it.
Of course, that’s just my opinion. I could be wrong.
Ask that the social security age be moved up one year for every year with increased debt. Bring the retirement age down one year for every three continuous years of debt reduction or five without increase.
One way or the other...we solve a problem. When the retirement age gets to 104 years age, at least funding SS won’t be a worry.
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Are you mad? "Must" they pay for bailouts?
I rather suspect we've just been very, VERY close to the brink on that one.... I do hope someday we find out the real story behind that first bailout bill, you know, the one McCain 'suspended' his campaign to rush back to Washington and make sure passed?
It's been very clear for some time now that we're being lied to and it's a very big lie. But I suspect that SOMETHING caused all that panic we saw in the eyes of those fools in DC.
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