The entitlement programs/benefit programs - Social Security retirement (SS), Social Security Disability Insurance (SSDI), Supplemental Security Income (SSI), Medicare, Medicaid, Food Stamps, Subsidized Housing (Section 8 Housing), Temporary Assistance to Needy Families (TANF), Farm subsidies, that new federal program that gives free cell phones to welfare recipients etc
have mostly contributed to this disaster (a $14 Trillion disaster) but because these programs are sacrosanct it was impossible to get any type of reforms made. And not only did the Democrats halt reform efforts their goal has been to create even more entitlements i.e. Obamacare.
It already is, this just props the problem up a little longer.
Tax the gross assets of all ‘rats.
he’s jumping the gun that little pos
How do we “default” on our debts by raising the amount we are willing to go into debt??
One would think we’d be further from default by not taking on as much debt and cutting spending.
The financial logistics of raising the debt ceiling to avoid defaults must be balanced with real and immediate cut backs in Federal spending starting with Obamacare.
Don’t forget massive pension/retirement payments agreed to by local, state and federal officials to government workers.
The US obviously must go on a New Jersey diet x 10. But, if we actively use our resources (drill, Baby, drill) and get inexpensive energy back into the equation, America will prosper yet again.
Do all the right things and we have more than a chance; we will prevail!
o.k.... now, what can we do? he says, “we have been warned”. Yeah, we got the message after we went to the town hall meetings and were thrown out.... we got the message when we wrote and called our congress people, to no avail.... we got the message, alright.... WE DON'T MATTER!! the current obamanation regime is beating all of us down and stomping us into the ground.
so, when an article ends with “you have been warned”, it kind of makes me mad! Because, we have tried, and tried, and tried...... and been abused and beaten back.
the US is bankrupt. I saw the obamantion say those exact words during the last year on a tv interview with a snicker... yeah. he thinks it's funny... well, it is anything but funny to us who love this country...to those of us who didn't just spend weeks in Hawaii on someone elses money....
what we can do is to pray that God will once again place His hand over this country and save us from ourselves.
What would actually happen if we defaulted?
“... the past century of liberals expanding government and attempting to create a socialist utopia have caused this to happen.”
Bike trails. It was the GD bike trails.
No problem Timmy. Just repeal Obamacare and you will get your precious little debt limit increase.
Here is the US is bankrupt article mentioned
Hat Tip: http://curmudgeonlyskeptical.blogspot.com/
Wait! we have two months to slash spending below GDP. Then their would be no default.
I’m going to copy that letter and give to my brother-in-law. He can reword it and send it to VISA to up his credit limit. That way everything will be okay. Right?
The ever expanding economic pie where masses reproduce and grown the industrial er green service sector.
Strangly the only ever expending economic activity matching population expention was/is everlasting credit explosion.
It was also the received wisdom that a bankrupcy would destroy GM.
The expansion of socialism was bi-partisan plus driven by the media and that is why it happened. With the “fairness doctrine”, there was no effective opposition voice and the socialists in both parties ran roughshod over the constitution for decades.
The Rinos and Democrats want to return to those days and Obama will go for using the FCC to silence the opposition with or without a new unfairness doctrine.