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5 Things That Will Happen To You When America Goes Bankrupt
Townhall.com ^ | April 12, 2011 | John Hawkins

Posted on 04/12/2011 9:10:41 AM PDT by Kaslin

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To: Kaslin
Americans can choose the path of "socialism" or "constitutionalism," as defined by America's Founding Principles, articulated in the Declaration of Independence and incorporated into the Constitution.

The choice is between what someone has described as a "socialist" budget versus what might be described as a "constitutional" budget.

The very concept which was described presents a novel new opportunity for reframing the deficit/debt/budget debate!!

The so-called "progressives" will own the Obama "socialist" budget he proposes and they approve.

Going forward, real "conservatives" (those citizens who are dedicated to preserving America's Founding principles), should distinguish themselves by advocating for a constitutional budget. Such a debate would place the focus on the Constitution's limits, and how those limits were put in place to preserve individual liberty.

Let the argument for liberty and against coercive rule by self-appointed political elites begin.

Sir Winston Churchill, upon leaving office as Prime Minister in 1945, described what he believed to be the state of his country at that time:

"I do not believe in the power of the State to plan and enforce. No matter how numerous are the committees they set up or the ever-growing hordes of officials they employ or the severity of the punishments they inflict or threaten, they can't approach the high level of internal economic production achieved under free enterprise. Personal initiative, competitive selection, and profit motive corrected by failure and the infinite processes of good housekeeping and personal ingenuity, these constitute the life of a free society. It is this vital creative impulse that I deeply fear the doctrines and policies of the socialist government has destroyed. Nothing that they can plan and order and rush around enforcing will take its place. They have broken the main spring and until we get a new one, the watch wil not go. Set the people free. Get out of the way and let them make the best of themselves. I am sure that this policy of equalizing misery and organizing society--instead of allowing diligence, self-interest and ingenuity to produce abundance--has only to be prolonged to kill this British Island stone dead."

America needs to rediscover the formula for a "benign" government, if it is to recover its greatness among the nations. That formula is contained in the Founders' Constitution, as written and interpreted by them. Let today's so-called conservative members of the "tea party movement" frame an argument for liberty and against a malignant government power which eats up "the People's" labor and liberty.

Nobody describes our current predicament better than Thomas Jefferson, who warned Americans:

"To preserve [the] independence [of the people,] we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. If we run into such debts as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, give the earnings of fifteen of these to the government for their debts and daily expenses, and the sixteenth being insufficient to afford us bread, we must live, as they now do, on oatmeal and potatoes, have no time to think, no means of calling the mismanagers to account, but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers." --Thomas Jefferson to Samuel Kercheval, 1816. ME 15:39

If you agree, please pass this post on to your favorite "tea party" person.

21 posted on 04/12/2011 9:29:37 AM PDT by loveliberty2
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To: taillightchaser

Indeed


22 posted on 04/12/2011 9:29:53 AM PDT by Kaslin (Acronym for OBAMA: One Big Ass Mistake America)
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To: Kaslin

This is what the leftists want, they hope it brings communism


23 posted on 04/12/2011 9:33:14 AM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: US Navy Vet
Two words “Adolph Hitler”.

Cloward-Piven.....

24 posted on 04/12/2011 9:33:55 AM PDT by Thermalseeker (The theft being perpetrated by Congress and the Fed makes Bernie Maddoff look like a pickpocket.)
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To: Kaslin
And the GOP fears even closing National Parks, cutting PBS and Planned Parenthood so much that they won't even insist on cuts that don't even come to 1%...that don't even equal a couple of days of new debt.

And we wonder why Trump is getting so much attention?

25 posted on 04/12/2011 9:34:31 AM PDT by Scott from the Left Coast
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To: Biggirl; loveliberty2

The problem is that it is not clear who would win such a battle.


26 posted on 04/12/2011 9:36:20 AM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: Thermalseeker

Two words Smith and Wesson


27 posted on 04/12/2011 9:37:37 AM PDT by al baby (Hi Mom!!! <sarc>)
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To: al baby

Target acquired


28 posted on 04/12/2011 9:38:53 AM PDT by Thermalseeker (The theft being perpetrated by Congress and the Fed makes Bernie Maddoff look like a pickpocket.)
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To: GeronL

We will the ones that cling to our Bible and guns


29 posted on 04/12/2011 9:38:57 AM PDT by al baby (Hi Mom!!! <sarc>)
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To: ClearCase_guy
Your mortgage shouldn’t be a problem.

Don't think for a second that you'll get a "free house" out of this mess!

In 1923 Germany, most of the damage to owned real estate was caused by property taxes. The appraised values were raised mercilessly billions of times, causing people to abandon their homes and landlords to hand tenants the keys to their rented property. The increases and confiscations were tolerated because governments had to have something to pay police and firemen, who understandably refused to work without compensation.

30 posted on 04/12/2011 9:40:36 AM PDT by Zakeet (If Obama had half a brain, his butt would be lopsided)
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To: GeronL
The problem is that it is not clear who would win such a battle.

My guess is it will be the side with the 88 million gun owners.....

31 posted on 04/12/2011 9:40:39 AM PDT by Thermalseeker (The theft being perpetrated by Congress and the Fed makes Bernie Maddoff look like a pickpocket.)
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To: Scott from the Left Coast
I've seen a lot of talk lately (because its the 150th anniversary) about Ft Sumter. Some folks say that the South need not have fired, and that secession might have gone more smoothly if no violence had been initiated. I take no position on that myself -- but the feeling is that firing on Ft Sumter was a tactical mistake.

Easy to say in hindsight.

Today, the GOP is faced with a tough choice -- hold on to political capital and just cut $38B here or there, or go for the big event (debt ceiling) and force the whole issue of runaway government spending to be faced head-on.

I suppose risking a crash might be a tactical mistake and might be like firing on Ft Sumter. But I sure don't see how we get free from tyranny by cutting $38B here or there.

32 posted on 04/12/2011 9:41:05 AM PDT by ClearCase_guy
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To: Biggirl

33 posted on 04/12/2011 9:42:54 AM PDT by Hoodat (Yet in all these things we are more than conquerors through Him who loved us. - (Rom 8:37))
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To: All

Given the looming/ongoing precipitous drop in the value of the dollar, I’m strongly considering cashing in a large portion of my investments and paying off my mortgage.

I’m not sure if trading paper for real estate is even wise given what we are facing.

Thoughts?


34 posted on 04/12/2011 9:43:12 AM PDT by EyeGuy (Gimme Shelter)
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To: Kaslin

****4) Your payments from the government will dramatically decrease or stop altogether.****

I have this strange feeling I will see my worthless brother-in-law (If you know him he probably owes you money) show up on my porch.
He has been on the government dole since 1980.


35 posted on 04/12/2011 9:43:18 AM PDT by Ruy Dias de Bivar (Click my name. See my home page, if you dare!)
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To: Kaslin

A country’s bankruptcy can also be solved in blood. Eliminate the politicians, bureaucrats and bankers stealing the wealth and stop the thieves from receiving it. America will look like Detroit unless the thievery is stopped.

Right now we’re trying to remove the thieves via the ballot box, but time is short.

The one advantage we have is that we’re not Weimer Germany due to the vast amount of resources we sit on.


36 posted on 04/12/2011 9:44:35 AM PDT by sergeantdave (The democrat party is a seditious organization and must be outlawed)
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To: umgud
I’ll need two wheel-barrows. One to haul the cash to pay off my debt and mortgage and the other to buy a loaf of bread.

The "good" news, if you can call it "good" is your debt won't increase, i.e. already existing debt like your mortgage. If you have a fixed rate, it shouldn't be affected, you can pay for it in deflated dollars and the bank has to accept those deflated dollars in payment.

Of course because of hyperinflation on other things, you'll have less cash on hand to pay your mortgage.

37 posted on 04/12/2011 9:44:54 AM PDT by dawn53
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To: ClearCase_guy
But I sure don't see how we get free from tyranny by cutting $38B here or there.

It's becoming clear this morning as folks have had a chance to analyze the agreement that the real "cut" is closer to $2 billion than $38 billion. A lot of the "cuts" that are counted have appeared in previous CR's and have already been counted, $22 billion roughly of the $38 billion. The rest of the non-cuts are baseline budgeting gimmicks.

38 posted on 04/12/2011 9:45:25 AM PDT by Thermalseeker (The theft being perpetrated by Congress and the Fed makes Bernie Maddoff look like a pickpocket.)
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To: Kaslin
I believe that the only salvation is for the republicans to refuse to raise the debt ceiling and force the Fed and everyone else into living within their means. There is no other path since the dims are never going to give up and the republicans lack a will to fight it out as required.

LLS

39 posted on 04/12/2011 9:45:41 AM PDT by LibLieSlayer (WOLVERINES!!!)
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To: Biggirl

I’d argue it will be a civil war, left vs. right, as opposed to overturning our system, the US Constitution.


40 posted on 04/12/2011 9:46:10 AM PDT by east1234 (Cut, Kill, Dig and Drill!)
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