Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Great news: The US fiscal gap just jumped $11 trillion . . . to $222 trillion
Hotair ^ | 08/09/2012 | Ed Morrissey

Posted on 08/09/2012 8:01:47 AM PDT by SeekAndFind

Edited on 08/09/2012 8:52:46 AM PDT by Admin Moderator. [history]

Republicans and Democrats spent last summer battling how best to save $2.1 trillion over the next decade. They are spending this summer battling how best to not save $2.1 trillion over the next decade.

In the course of that year, the U.S. government

(Excerpt) Read more at hotair.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News; News/Current Events
KEYWORDS: debt; deficit; fiscalgap; usdebt
Navigation: use the links below to view more comments.
first previous 1-2021-26 last
To: JudgemAll
In the end, there will be 10 Muslim nations. This will complete Obomas caliphate - with him in charge. Their nukes will fly toward every nation on the globe at the same time.

The 10, standing with pomp and glitter, head for their vaults.
The people, angry and in disarray, loot the shops.
Which of these knew in advance? The eagle? The bear? The crown? The sun?
No, fate was not a consideration for this race.

21 posted on 08/09/2012 2:35:16 PM PDT by concerned about politics ("Get thee behind me, Liberal")
[ Post Reply | Private Reply | To 20 | View Replies]

To: concerned about politics; All


Help End The Obama Era In 2012
Your Monthly and Quarterly Donations
Help Keep FR In the Battle!

Sponsoring FReepers are contributing
$10 Each time a New Monthly Donor signs up!
Get more bang for your FR buck!
Click Here To Sign Up Now!


22 posted on 08/09/2012 3:37:40 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
[ Post Reply | Private Reply | To 21 | View Replies]

To: SeekAndFind

When you look into theses numbers, and reflect upon our political stitutation there is really no way we can avoid the collapse senerio.

1: Even if democrats could tax 65% of our GDP there is no possible economy we could construct that would not collapse(massively contract) under such burden thus simultaneously producing a smaller output and a larger number of unemployed “welfare” dependency.

2: The Political reality is republicans are probably both incapable of seriously cutting down the massive welfare state even if they were willing. To put the matter bluntly any attempt by republicans to cut down on the welfare state will be met with resistance from both all of those currently being payed off by the same and those the democrats are able to convince.

Simply put there is not a path towards building a majority against robing what is essentially a shrinking minority of producers and the unborn.

Instead those currently invested(by government force) into the welfare system(like Social Secretary, medicaid, and medicare) will have to worry about the day when the taxes required support them & their debt grow so great that they who no longer pay the taxes(retired) will be both in the minority and on the chopping block.

We might from that perspective convince them to take a block sum of money now.


23 posted on 08/09/2012 9:43:18 PM PDT by Monorprise
[ Post Reply | Private Reply | To 1 | View Replies]

To: Stentor

I’d also see about hiding that asset, when the leftist get desperate in an inflationary economy they WILL make like FDR and try to steal everyone’s real assets, allegedly in an effort to force them go back to their devalued currency.

When the trains stop running we will be looting at an even more extremely lawless Government senereo, if you can imagine that possible in regard to the present Federal Government’s already existing lawlessness.

If our systems of resistances are not already in place by then, you can kiss what little freedom and money you have left goodbye. Leftist will take it just like FDR took everyone’s gold.


24 posted on 08/09/2012 9:52:09 PM PDT by Monorprise
[ Post Reply | Private Reply | To 3 | View Replies]

To: SeekAndFind

And one day we’ll envy the more stable economies like in, say, Zimbabwe.


25 posted on 08/10/2012 3:35:02 PM PDT by MeganC (The Cinemark theatre in Aurora, CO is a 'Gun Free Zone'. Spread the word.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MeganC
Photobucket
26 posted on 08/10/2012 9:36:08 PM PDT by fluorescence
[ Post Reply | Private Reply | To 25 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-26 last

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson