Maybe Barry can tell us what happens when America goes broke (Note the book Title)
Posted on 11/10/2009 7:36:35 AM PST by 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...
(Excerpt) Read more at pajamasmedia.com ...
Don't be silly...we live in the richest country on the planet with enough oil, natural gas & coal to satisfy our energy needs for at least the next 300 years...and I won't even get into the nuclear energy possibilities where we could be building nuclear cogeneration electrical/desalination plants on all three coasts which would provide us with more than enough potable water and electricity ad infinitum...
All this Socialist nonsense in D.C. will come to a screeching halt 11/2010 when the GOP begins to retake the Majority in the House and/or Senate and continues into 11/2012 when we send Hussein back to Chicago.
Four years of Obama will likely be the death knell of the Democrats as a national party.
Semper Fi,
Kelly
I'm no expert on this, but a few weeks ago Glenn Beck did an interesting segment on this same topic.
We already ARE broke.
Why is the word “if” even in the title. What’s the national debt again?
I suppose though if there were ever a perfect example of Too Big to Fail it would be us (plus we’d take the ChiComs down with us once we quit going to WalMart)
Barack Hussein Obama (mmm, mmm, mmmmmm) is far and away the most incompetent President this country has ever elected. I know middle-managers who could run circles around him.
Studies in national bankrupcy: Wiemar Germany, Argentina, Iceland, Zimbabwe.
Four years of Jimmah weren't enough for that; even eight years of Slick & Hill didn't do it.
Ignorance is curable, but stupid is permanent.
Maybe Barry can tell us what happens when America goes broke (Note the book Title)
Well, Iceland went broke - and look what happened to them!"
OMG NO! They lost all their McDonalds. America won't stand for that.
hmmm... tinfoil hat firmly in place, but...
Could this be why the leftist politicians refuse to USE our own resources? That they see a future need to surrender them for the debts they’re running up?
(FOTFL) Well, I've been thinking of marketing a new roleplaying game based on the emergent principles of TE-OT-WAW-KI, with a few twists. I figure the younger generation needs some educational material to help avert TFOC.
(FOTFL) Well, I've been thinking of marketing a new roleplaying game based on the emergent principles of TE-OT-WAW-KI, with a few twists. I figure the younger generation needs some educational material to help avert TFOC.
We are not only broke buy we are so far in the hole that each one of has a debt of over $120,000.
Not Chinese, Spanish. Then you can read all the survival blogs the Argentinians wrote when their country went broke. There was some very good advice (get all your teeth fixed and other optional surgery done, stock up on weapons and ammo, get a trade skill even if you are a professional, etc).
Its will not be easy, but America can dig itself out of the debt hole by:
1. Laying off 80-90% of government employees. Hire civilian contractors to take over routine functions.
2. Immediately return to policies that promote ECONOMIC GROWTH. Cut regulations and taxes expecially for startup businesses.
3. Aggressively license government-owned inventions and technologies out to the private sector. Faced with layoff, your typical government employed scientist or engineer can figure out how to commercialize the technologies they have been working on.
4. Increase the population of working age people immediately by creating a guest worker program. For example, in some sectors of manufacturing there are NO skilled workers available now. The way to FIX Social Security and Medicare is to INCREASE the number of workers immediately. The imported workers could be on a “guest” program. We can keep the best ones and send the others home after a few years.
5. Let inflation cut the entitlement programs. They are already doing this.
6. Fix the structural problem of our schools turning out lazy illiterates. As an employer, that’s what I see as the biggest problem we face. The Chinese out-compete us in areas such as manufacturing because they are skilled, intelligent, work harder, and cheaper.
7. Open up our resources by drilling, mining, and selling off government owned land. Hell, you could pay down a lot of the debt by selling off the BLM land.
8. Create abundant, clean energy with NUCLEAR plants that reprocess their own fuel. France and Japan do this with no problems.
He learned well from Stalin.
Well, Iceland went broke - and look what happened to them!
Regards,
You are delusional. Have you seen what can happen when politicians offer free things to people who vote for them? Get ready for twice as much giving away at election time.
Probably some variant of "We've got twelve carrier battle groups...who you callin' broke?"
Which will only work for a while. Eventually, China will be the big beneficiary, as the center of financial gravity moves Eastward.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.