They have no intention of paying back any of the debt.
It will simply “go away” with the crash.
I just hope that ‘bammers and the rest of the elitists haven’t “secured” the debt with our land and resources.
I am under the serious belief that both parties are acting the way we “expect” them to act - but both have the same end goal...collectivism and global elites dominating the rest of us...
I do not trust any in Washington - even though they speak out against this Administration - at the end of the day, nothing is done...we expect speeches to be followed by action on the GOP side, but no action has been taken thus far...
We are beyond seriousness at this point!
It begins to seem that the problem is the resolve of the GOP. The Democrats are congenitally incapable of reason. Boner must go!
Pretty interesting to consider the various outcomes. I agree no one in DC and some states care anything about paying their debts or cutting spending. If they raise taxes significantly w/o cutting spending its just deferring the inevitable. If they cut spending a bit thats simply another deferral. If they cut spending significantly the Entitled Class will riot. If they steal everyones retirement the tar & feathers come out. No matter what they do it wont be enough, the debt is just too big. They’ve (really we’ve) painted themselves into a corner. I dont see this ending well no matter what happens. I think most in DC have figured this out and are preparing for it.
Even any talk of cutting spending is to save a million here, one hundred million there, and maybe even a wild one billion here. Doesn't anyone realize that 3 Billion in savings only cuts the deficit for ONE DAY...ONE DAY...and then what. Another 3 billion and we are up to 2 days. Big @@X! deal.
Democrats think it a meaningless abstraction, and that the government can put everyone to work at good-paying union jobs building roads, filling potholes, and repairing bridges with money taken from "the rich" or else digitized into existence by the Treasury. Republicans think we can grow our way out of it without cutting Federal entitlement spending. They continue lie to themselves and lie to us.
The coming crash will be monumental and entirely deserved.
But the media says we’re at the fastest deficit reduction since WWII, and that Obama has a blockbuster plan for the budget (/sarc)
Then again, when you look at the source, it’s Bob Cesca