'WE'RE OUT OF MONEY' (Breaking on Drudge)

Drudge Report ^ | 05/23/2009 | Matt Drudge

[Safrguns]

You are probably right that SS will be used for general funds as our currency collapses.

Actually, this is already occurring on a large scale. The SS fund has been raided by congress for a lot of things. The difference is that at some point, the SS checks will cease, because servicing the debt will become a higher priority, and their value individually will not be worth the cost of printing and distributing them to those who are due them.

[frposty]

This the best news yet because it’s the only excuse that will stop the spending: “we’re out of money”. It’s not really true since we can print it. Think of the spending that can be stopped in its tracks just by saying “we’re out of money”. Now that Obama has said it, politicians can rally around the slogan. The public’s ready to believe it. Our economic problems are solved!

[Gondring]

Does a President really have this much power? I thought there was a check and balance system to safeguard this kind of tyrannical power.

Ain't it funny how the tone has changed around here from back when those of us warning about this were being flamed?

I'll admit that my line of "wait until President Hillary Clinton has that power and see if you like it" wasn't an exact fit, but the point's the same.

[Gondring]

The "GDP" scam is a great one.

If you wastefully spend, your GDP goes up. It's not very strongly linked to "production," despite that "P" in the initials.

Import a cheap trinket from China and unload it at the port, ship it to a warehouse, distribute it to local areas and get to retail market and sell it for a markup at the local store, and each and every cost along the way becomes "Product" that's boosting our GDP. But does it provide a single iota of "Product" for us to trade back to China or to anyone else external? No.

We can't keep getting things from others without sending anything back but IOUs. That's only one difference from WWII GDP ratios.

[Gondring]

Don’t forget medications.

[Gondring]

ping

[CottShop]

you mean spending trillions of dollars with no money to back it up hasn’t pulled us out of debt? I’m shocked- Everytime I personally run out of money, I borrow 1000’s of dollars I can never hope to pay back, spend it on crappy ideas I have, and I get out of debt- I can’t understand how the president has failed to get us out of debt by spednign like a drunken sailor- Shocked I say! I was so sure his moronic spednign ideology was goign to save us all. (Woops- I used the words ‘obama’ and ‘moronic’ in the same post- now big brother is goign to put me on a ‘to watch’ list)

[SeattleBruce]

Right, we're outta money, y'all but let's do THIS anyhow. Anyone else think bammy's a lying sack?:

[SeattleBruce]

bammy: “Well, you know – look we are trying to help an auto industry that is going through a combination of bad decision making over many years and an unprecedented crisis or at least a crisis we haven’t seen since the 1930’s. And you know the economy is going to bounce back and we want to get out of the business of helping auto companies as quickly as we can. I have got more enough to do without that. In the same way that I want to get out of the business of helping banks, but we have to make some strategic decisions about strategic industries...”

‘we want to get out of the business of helping auto companies as quickly as we can.’
+++++++++++++++++

Uh huh, but the unions bammy, but for the unions...all those votes...that’s what really matters bammy, isn’t it? The country be sacrificed.

[SeattleBruce]

Here's a couple more man kisses for ya:

[SeattleBruce]

“The difference is that at some point, the SS checks will cease, because servicing the debt will become a higher priority, and their value individually will not be worth the cost of printing and distributing them to those who are due them.”
++++++++++++++

More of this irresponsible mortgaging of our kids and grandkids futures...and the demonRATS are all for it...yeah, thumbs up </sarc>...

[egannacht]

WE HAVE IDIOT AS PRESIDENT!!!

[egannacht]

Idiocracy is upon us!!!

[autumnraine]

You only get that if you are married. I took care of my dad for six years and when he died they said I didn’t get the $250 because I wasn’t his wife. He was not married.

[free_life]

We were out of money trillions of dollars ago, yet you yoyo’s continue to borrow and spend money we don’t have!

[autumnraine]

I traded a jar of pickled peppers (my recipe is apparently gaining reputation around here) for 2 dozen farm eggs.

Practicing too. I want to be known as the cook and I figured in this fast food world, I’ll be the one people can come to learn how to cook from scratch with little ingredients. That’s what happens when you have a paranoid Grandmother who lived through the Depression who made her daughter paranoid and then taught HER daughter (me). The paranoia is heriditary (haha). Then you marry the same lineage in paranoid “it can happen again” farmers and have a mother in law who makes SURE I know how to cook, can vegetables and make jams to keep fruit from spoiling and keep my collection of cast iron skillets and dutch ovens because the aluminum ones don’t last...

You see where I’m going with this?

[autumnraine]

Please let me know when you go. My husband’s a farmer and I’m a cook/canner. I promise we’ll be valuable LOL!

(Seriously, can we look into this? I never thought I’d live on a commune, but I’d live on a Freeper commune)

[autumnraine]

Hitler was a genius in his own way too. Didn’t make him a good person.

Hopefully Obama won’t have a pesky cocaine problem that Hitler had.

Oh wait... oh dear, let’s hope not.

[autumnraine]

and tobacco.