This is what I try to get across to people. It's just math. You can't argue with it. Or at least: you cannot win the argument.
Normally, in politics, one person could say "We should tax oil companies" while another might say "Taxing corporations is bad". There is a disagreement there. People feel differently on the topic.
The budget deficit really isn't like that. It's math. We cannot keep doing what we have been doing. We are going to stop. Doesn't matter if we want to or not. We're going to stop. It's just math.
Now, politicians can acquiesce to this sooner, or they can try to delay it. But all of the politicians will come to accept that they need to fundamentally change our vision of what government can do. Because the money is gone.
“#3 During Barack Obama’s first two years in office, the U.S. government added more to the U.S. national debt than the first 100 U.S. Congresses combined.”
And we don’t have MSM to tell the people so they will vote more intelligently next time.
Tell everyone you know, because LMSM will continue to cover Obama’s butt.
Burn the paper, eat the dogs, hang the politicians and drill for our own oil. We still do have a wealth of natural resources. We can still make drill stem and rigs. We're not really that dependent on overseas except for crap like TVs.
'Eff 'em. God will know his own. I'll bet that real Americans come out of this doing just fine. Pretenders? Meh... not so good.
/johnny
In my humble opinion we are head at best for an Argentina type economic collapse ( http://www.youtube.com/watch?v=rH6_i8zuffs ) and I have the feeling it will be soon.
For those who haven’t prepared and would like to start or for those that have and are just interested you may download my Preparedness Manual at:
http://www.tomeaker.com/kart/preparedness1i.pdf
As the LDS say “When the emergency is upon us the time for preparedness has past.”
Or as the bible says: A prudent man sees danger and takes refuge, but the simple keep going and suffer for it.
NIV Proverbs 22:3
a run on the dollar is pretty much inevitable at this point. Everyone knows the US is going that route, has no political will to even try to contain the gushing of deficit spending, and many are just waiting for the ball to really start rolling. Given the depth of the dollar fx and treasury market, it should be interesting.
marker
You'd have to go back to the time the Sphinx was created and spend a million a day to reach just this year's deficit.
You'd have to go back to the dawn of civilization to spend a million a day to reach the ~$3.82T federal budget.
bfl
Thank you, big brother/s
Wonder what all the “The government is here to help us” types will say when this happens.
"We contend that for a nation to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."-- Winston Churchill
Hmmm.
Maybe “faith” shouldn’t have been placed in the Golden Cow to begin with...
Novus? Nah.
Meet the new Boss - same as the Old Ba’al
—The Who?
Nothing “novus” about dat. Fogedaboudit. Just bidness as usual.. again.
Even if you think you are...you are not prepared.