Ron Paul is exactly right. We are going to have to face the reality that we are bankrupt. A lot of people don't understand that term. Bankrupt doesn't mean we don't have money coming in. Nope, we've got a lot of money coming in. It just means we don't have enough money coming in to cover all of our spending and our obligations.
At some point, someone HAS to acknowledge that the only way to fix the problem is to have a DRASTICALLY smaller government. We can always pay the interest on the debt, Social Security, Medicare, and the military. We'll need to make reforms in those to a degree and we'll need to reduce spending in all, but we can do it without too much hardship and with the revenue we have. We just can't have two million other federal government employees overseeing every other aspect of our lives.
A European style cradle to grave welfare state wouldn't be such a bad thing, if government got out of every other aspect of our lives. You want to make sure people are cared for until they die, fine, but you can't do that and have a hundred inspectors at a 100K a year each, whose sole job is to make sure that farmers in South Dakota are not harming the population of the black footed grasshopper or some nonsense like that.
Yeah, I heard The Bernank speak on the subject a couple of weeks ago, but I hadn't realized that they had started it yet. Are they using the foreign PD's to buy the auctions? That would be the easiest to hide.
If the American People allow private banks to control the issuance of their currency, first by inflation, then by deflation, the banks..., will deprive the People of all their Property,...Thomas Jefferson
Never lose sight of the strategic situation. Pass this and you back Obama up against a wall. Kill ,arguing for a better bill that will never happen and the blame will go solely on the GOP.
You will then inch closer to giving the reins completely back to the Dem's in 2012.
I think Steve's analysis is the correct one given the circumstances.
Well, there lies our difference of opinion. I think the Tea Party was sent to DC to do exactly what they are doing. I think giving in to one of these plans, in light of that, is EXACTLY what is needed to re-elect the Dems. I believe the exact opposite of you guys then. I think this "strategic" stuff you advocate is precisely what the conservatives are tired of. I agree to disagree and await our fate.
"Hey jackass, get your government off my freedom." MOLON LABE
FDR got us into this mess. Johnson made it worse. Carter, Reagan and "W" compounded it. Hussein is taking it to limits previously unimaginable.
But, BOTH parties have done nothing over the last 70 years but suck like leaches from the people, and NEITHER party has done anything to fix this problem; in fact, both have done all they could to just keep adding fuel to it.
What scares the P out of all Congressmen and pols is the reduction in GDP that will happen if they reduce the "G" part of the GDP formula enough to balance the budget. If they do that it will be an immediate 12% hit to the raw GDP number.
The job losses and gnashing of teeth that would result from that, plus the increased demand on the entitlement side makes cutting anything akin to handling Cobras to a politician.
It won't happen, so the market will end up doing it by shutting .gov out of capital markets. That's when the Fed steps in, but again, that's the other side of the "rock-hard place" dilemma. Accelerating debasement with the concurrent ramp in essential commodities, without associated increases in wages due to our "free trade" agreements that arbitrage said wages against the Mexicans and Chinese.
We're F'd.
Last edited by mike762; 07/28/11.
If the American People allow private banks to control the issuance of their currency, first by inflation, then by deflation, the banks..., will deprive the People of all their Property,...Thomas Jefferson
Yeah, yeah, the check's in the mail, and I won't *** in your mouth. Typical lying sacks of $hit, you'd have to be the stereotypical blonde to buy their BS.
If the American People allow private banks to control the issuance of their currency, first by inflation, then by deflation, the banks..., will deprive the People of all their Property,...Thomas Jefferson
Oh, and the cheerleaders (Paddler, Steve_NO, isaac, Stan_V, watch4bear, JeffO, etc.) will all show up soon, blathering about how it's ALL the OTHER team's fault, and how we have NO choice but to vote for whatever lying sack of schit THEIR team puts out, 'cause otherwise we'll all be doomed, go straight to Hell, be incapable of making love to our women, all beer will lose it's flavor and alcohol, and even our dogs won't like us anymore.
The political games being played by both sides should end when dealing with the economic health of the country. Sadly none of games being played right now look like they have any end in site.
What is missing from both sides is a sense of integrity and respect, the country will suffer for it.
"Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence". John Adams
"A dishonest man can always be trusted to be dishonest". Captain Jack Sparrow
Partisan politics, grandstanding and obstruction are making it difficult to reach an agreement to raise the national debt ceiling and begin to reduce federal spending, Sen. Ben Nelson said Wednesday.
"Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence". John Adams
"A dishonest man can always be trusted to be dishonest". Captain Jack Sparrow
I've been listening to Limbaugh talk about it today.
The Lords of High finance have spoken, the can gets kick down the road again.
Because of our debt based economy the last thing the Lords of High Finance want is for debt to be paid off, be it government, business, or personal. Paid off debt means less money in the economy, the dollar increases in value, and less profits for the Lords.
I figured the Red Team of the National Socialist Party would cave to the Blue Team and the Lords of High Finances.
Don't vote knothead, it only encourages them. Anonymous
"Never underestimate the power of stupid people in large groups." Anonymous
"Self-reliance, free thinking, and wealth is anathema to both the power of the State and the Church." Derby Dude
