Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: RFEngineer
Greece is an erroneous comparison. They lost their assets to the Romans more than 2000 years ago ~ it's been just one stupid thing after another ever since then.

It was pretty obvious you needed a lesson in currency ~ so I went pretty basic. It's equally obvious you have no idea how Greece ended up where it is ~

The US Government has assets so vast you, personally, cannot imagine them. There's no excuse for them not paying their bills and backing their currency.

Any attempt to repudiate the public debt of the federal government would run afoul of the 14th amendment that says: "SECTION 4.

The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned "

189 posted on 11/12/2012 3:47:26 PM PST by muawiyah
[ Post Reply | Private Reply | To 185 | View Replies ]


To: muawiyah

Yes, yes, I needed to be schooled in financial responsibility, and who better than a retired federal employee to do this?

Perhaps you should organize all federal employees to simply go out and explain such financial responsibility and the obligations of the citizenry to pay such obligations such as federal pensions and healthcare benefits that the citizenry by and large do not possess themselves, in no small part due to the existence of such largesse.

“No, you don’t understand Mr. Taxpayer, you HAVE to give me, according to the 14th Amendment, first dibs on your earnings, because, you see, the government overspent, and well, things happen.”

I think if only you explained the federal retirement system to people, you might find taxpayers understand and empathize with you a little bit more about how you were guaranteed benefits and all. You can explain how YOU get their money for YOUR retirement and they have to find some other way to pay for THEIR retirement.

Then you could tell a few jokes, shoot the bull about football and all, and you’d probably have a few laughs.

I’m pretty sure that’s how it would go.


191 posted on 11/12/2012 4:41:53 PM PST by RFEngineer
[ Post Reply | Private Reply | To 189 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson