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To: Doctor 2Brains

Ultimately, no.
As has been pointed out since the 1970s, the wealth does not exist to pay all the pensions of all the people government was giving long term employment to.

Detroit and other big cities will crash first.

Then states like California and New York.

But it is all going to fall. Math has no mercy.


46 posted on 07/18/2013 2:01:28 PM PDT by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
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To: MrEdd

“Then states like California and New York. But it is all going to fall. Math has no mercy.”

Throw NJ in there, too (for the same reasons). Americans and the companies that employ them are fleeing in droves, leaving behind the permanent underclass, immigrants (legal & otherwise), and the public employees required to “administer” them (even though many of them have already lost their jobs).

My children commented on how much damage still exists along the Jersey shore from Sandy; I told them there weren’t enough people with reasons to fix it. Who wants to invest in parks/beaches just to show up and be the only taxpayer there?


68 posted on 07/18/2013 2:35:23 PM PDT by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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To: MrEdd

“Detroit and other big cities will crash first.

Then states like California and New York.

But it is all going to fall. Math has no mercy.”

Very perceptive. You just can’t “unspend” money. Cities can’t print money like FedGov. States can’t print money like FedGov. FedGov is bankrupt, just like Detroit, only much, much, much worse. It is a house of cards. Using printed money to buy your own debt is like looking for a gas leak with a match. It never has a good ending.


74 posted on 07/18/2013 2:50:43 PM PDT by Gabrial (The nightmare will continue as long as the nightmare is in the Whitehouse.)
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To: MrEdd

I don’t think CA or NY will fall.

CA has a vibrant tourism industry, Silicon Valley with Yahoo, Apple, HP, Google, Paypal, Ebay, Facebook, Stubhub, Dolby labs, Varian labs and biotech with Genetech (now a division of Roche but the company is still there), a vibrant movie industry, import export ports of Long Beach and Oakland, lots of vegetable farming in the central valley, and aerospace manufacturing.

Ny will ride the coattails of the very profitable financial industry.

CA is one of the few places that can actually afford the welfare state. Oh and CA also has conventional oil and a ton of undeveloped shale oil.


116 posted on 07/18/2013 5:21:49 PM PDT by staytrue
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To: MrEdd

Math has no mercy.


Nor does God at some point.


162 posted on 07/18/2013 9:06:10 PM PDT by volunbeer (We must embrace austerity or austerity will embrace us)
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