What Happens if America Goes Broke?

Pajamas MEdia ^ | November 9 | Frank J. Fleming

[AJKauf]

I think we’ve all been broke before. Large men come and break your thumbs and threaten your family, and then you hide out in a dumpster until it all blows over. That’s all well and good for an individual, but what happens if our entire country goes broke?

Robert J. Samuelson raised this concern in the Washington Post, and it got me worried, even though I didn’t quite understand it all (which perhaps actually increases the worry). We can’t just hide America in a dumpster (and even if we could, I bet that goody-two-shoes Canada would rat us out); we need a real plan for if the U.S. were to go broke. So is this a real concern?

I believe so. Our president loves spending money. He just loves it. Now, he’s really smart — much smarter than even a border collie — but I just don’t think he understands basic economics. His solution to everything is “Let’s spend more money on a giant new government program!” And while he’s spending the money, he has this big, happy “I’m spending money!” smile on his face. It’s adorable. That’s why I don’t think anyone has the heart to tell him we don’t have any money left to spend. Think of the sad frowny face he’d make if he was told he couldn’t spend any more money; we’d all be heartbroken.

Still, with America going broke, it’s a huge problem. Just the other day, Obama heard some people don’t have health care, so he was like, “We need a giant new government program to get everyone health care!” People even told him, “But that will cost a lot of money.” But Obama said, “No, it will save us money!” And when people asked how, Obama said, “Because of these magic beans...

[bsf2009]

Enslavement by foreign powers

[sniper63]

Start learning Chinese...

[Red Badger]

DEUTERONOMY 28
NIV

43 The alien who lives among you will rise above you higher and higher, but you will sink lower and lower. 44 He will lend to you, but you will not lend to him. He will be the head, but you will be the tail.

[djsherin]

bookmark

[4rcane]

obama is brain dead. What sort of idiot think spending money equals saving money

[unkus]

ping

[CharacterCounts]

There are several outcomes all probable:

1. War - internal and or external

At least 3 generations of poverty.

Dictatorship.

[Buckeye McFrog]

apparently he and Michelle were nearly Splitsville at one point over mounting credit card debt. That may be all we need to know about his economic thinking.

[Broker]

If that's all there is my friend, we'll keep dancing.

It ain't over til it's over.

Have faith as fear is the devil's playground.

[alexander_busek]

What Happens if America Goes Broke?

Well, Iceland went broke - and look what happened to them!

Regards,

[MNDude]

Rush often states he thinks Obama’s destroying the economy on purpose. This is one area I disagree with him. I think he and the liberals are actually stupid enough to think they are doing well, and are making economic plans as if they will have a Bush like economy perpetually.

[ClearCase_guy]

If we cut back (WAY) on taxation and government spending, this country could dig itself out of its hole pretty quickly. But the cutback in government spending would probably result in some people dying in the street. Little children, mothers, old people. No one wants to see that -- although charities would probably go a long way toward minimizing this. But as a nation, we need to find the Will to let people die in the street if that is what it takes to preserve a society based on freedom and personal responsibility.

When government puts a gun to my head and hisses, "You don't want people dying in the street, do you punk?", that's an indication that our national economy is based on slavery. I reject that form of society.

[newfreep]

IF?

[TheDailyChange]

Many contend that 0bummer is an Anti-American Muslim Operative bent on destroying America from within.

[Buckeye McFrog]

There are several outcomes all probable:

1. War - internal and or external

At least 3 generations of poverty.

Dictatorship.

Dictatorship, as in the military coming in and taking over before things spin totally out of control? I was actually sort of hoping for that until Gen. Casey made his inane statement about the Ft. Hood Shooter the other day. Now I am thinking our Generals are as uselessly PC as all the rest of ‘em.

[MrB]

Everyone prepared for TEOTWAKI?

Your house isn’t going to loot itself, you know...

[mosaicwolf]

God - Guns - Gold - Guts

[hosepipe]

Not ALL go broke... some make big money on socialism..
The capitalization of socialism is a parasitic investment gambit..
Or the Socialization of capitalism..

Many work directly for the government or are General and/or Sub-contractors.. On many levels from Federal, State, County, or local governments.. Even the contractors have parasitic hangers on..

[ModelBreaker]

This article is hilarious. Last two paragraphs:

“If none of this works, though, there is one final plan — and it also involves nukes again because they’re so useful. What we do is send out a broadcast to the world that we just can’t take it anymore — that a broke country is a country not worth existing. Then we totally nuke ourselves.

“We’ll hit ourselves with nukes all over (don’t forget Hawaii and Alaska). Then all the other countries will cry over the tragedy and kick themselves for not being nicer to America. But the thing is, we’re careful to only nuke ourselves in non-vital areas. We actually fake our death. And guess what: America is insured with Lloyd’s of London for ten trillion dollars. We have America’s widow collect the money, and then we all secretly relocate to the moon. One more thing: we tell Obama we’re relocating to Mars. Yeah, it will be pretty sad with Obama all alone on Mars asking, “Where is everybody? Don’t they need someone to lead them? Hello?” But politics is a harsh business.”