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7 Reasons Americans Are So Complacent About Our Country's Impending Bankruptcy
Townhall.com ^ | June 26, 2012 | John Hawkins

Posted on 06/26/2012 3:56:44 AM PDT by Kaslin

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To: pieceofthepuzzle

I agree with your demoralization comment. It feels as if the beast is too big to fight. Can an individual alone make any difference? The current insanity prevents logical argument and unless one has the skills to overcome the delusions, how can we make progress?

So I pray.


21 posted on 06/26/2012 4:31:59 AM PDT by PuzzledInTX
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To: pieceofthepuzzle
I think we are generally demoralized and thus don’t feel motivated to fight.

How do we fight it? Congress was swamped by people opposed to the TARP bankster bailout. It passed anyway. After that the huge porkulus passed. The Senate has not produced a budget in years. It doesn't seem to matter. What do we do?

22 posted on 06/26/2012 4:32:37 AM PDT by MulberryDraw (That which cannot be paid, won't be paid.)
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To: MulberryDraw

I’ll be curious to watch for that answer, too.


23 posted on 06/26/2012 4:36:48 AM PDT by .30Carbine (God bless you with the spirit of wisdom and understanding)
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To: Kaslin

Often I find that No. 4 is the case with a lot of the people I talk to about this issue. They simply can’t grasp it. They see things going on day after day in the same manner they always have, and think, gee, what’s all the fuss about? When I ask them about paying off tens of trillions of dollars in debt their eyes just glaze over. They can’t comprehend it. It’s like trying to understand the size of the universe. For the average voter, talking to them about trillions of dollars in debts is like talking about distances in parsecs. Yes, some, perhaps many, are truly frightened about the size of the debt, but those who don’t understand it or don’t care about it or simply want it to increase until collapse to fulfill an underlying agenda seem to control the system now, and likely will until it crashes.


24 posted on 06/26/2012 4:38:50 AM PDT by chimera
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To: Kaslin

Our economy is so complicated and confusing, people simply can’t fathom what is going on. Plus, they have to go to work, raise children and take care of their own problems.


25 posted on 06/26/2012 4:40:16 AM PDT by miss marmelstein
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To: Kaslin

Bah. I look at our military presence all over the world and I know we’re not broke.


26 posted on 06/26/2012 4:41:30 AM PDT by Wolfie
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To: Kaslin
This statement from the article leaves me puzzled:

“Barack Obama’s 10 year budget will leave Americans with “more debt than has been accumulated by all previous Presidents in American history combined.””

We have been operating without a “budget” for the 3-1/2 years Obozo has been in the White Hut. 10 year plan? Where did that come from?

Long term? 2 years is long term now if you go to the bank and talk to them about where to put money. Strange times we live in.

Life is a risky enterprise. Central Government does not reduce the risk, but obscures what the real risk is.

“Too Big to Fail?” But it already has? We are simply papering over the problem.

When the Left looses in November, will they collapse the global economy? They will certainly try.

Globalist vultures of all shades are circling. Will the result of all these lies coming to light lead to another Global Conflict?

Is this all part of the plan to force a Global Currency and Government on the World? Yes.

Are men smart enough to engineer that? No

Forces of evil are.

The Gravity of these times is amazing.

27 posted on 06/26/2012 4:42:04 AM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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To: Kaslin; stephenjohnbanker; sickoflibs; GOPsterinMA; justiceseeker93; GeronL; SunkenCiv
7) They don't see how it will affect them

This. It's always this.

28 posted on 06/26/2012 4:42:46 AM PDT by Impy (Don't call me red.)
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To: Kaslin
Its like football, team USA is stinking up the place and can't move the ball or score. But that's OK because the rest of the world sucks even more than we do. The whole league sucks.

In the 1930's Team Germany figured out fascism and the rest of the world paid a price for it's incompentence.

29 posted on 06/26/2012 4:43:36 AM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
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To: RipSawyer

——It would appear that in truth we are in FAR worse shape than during the thirties but the smoke and mirrors keep people from realizing that.——

It’s hard to know.90% of our debt is Medicare and SS IOUs written to ourselves. If this debt is repudiated, it will cause societal convulsions, not all of which would be bad.

Families would have to move in together to support the elderly, both for long term care and to pay medical bills. With charities filling the gaps, we could survive this relatively easily, in comparison to the Depression.

The remainder of the debt would require real, annual budget cuts of 5% per year, until annual spending is brought under control.

This approach to debt resolution would allow the economy to flourish, perhaps even increasing tax revenue.

None of this can possibly happen until the alternative is worse: hyperinflation, etc., which would hammer the productive sector.


30 posted on 06/26/2012 4:45:02 AM PDT by St_Thomas_Aquinas (Viva Christo Rey!)
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To: Wolfie

We have allowed China to replace us.

They keep us in place, but in every way they have replaced us.

That is a huge problem. Even WE buy our own stuff from China.


31 posted on 06/26/2012 4:46:03 AM PDT by Cringing Negativism Network (America doesn't need any new laws. America needs freedom!)
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To: sergeantdave

You’re not wrong - the solution is very simple - but the route out is fraught with difficulties. Just recall all the trouble that Scott Walker had in implementing those policies. Now imagine that over all 50 States, and for year after year after year (because this is not going to be fixed quickly). Think that’s possible? I don’t. For all the reasons that cleverer folk than me have elucidated on this thread.


32 posted on 06/26/2012 4:47:01 AM PDT by Vanders9
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To: Kaslin

I think the BIGGEST PART of the problem is that otherwise conservative people, many on this site, are more than happy to see this country go broke, as long as their precious Social Security and Medicare don’t get touched (even if all of the money they paid in was spent decades ago by the people they collectively elected).

Many, of not most, of these people have enough money to be able to live on less handouts from the government and/or live on money from their kids, but simply will not accept those options, as it means that their gold-plated Winnebego might have to be 32 feet long, rather than 40 feet long (or living in an apartment, rather than a 5-bedroom house).

Their priorities are as follows:

1) Never, ever, touch their ‘entitlements’, NEVER!!!
2) Cut spending somewhere else, anywhere else, foreign aid, food stamps, National Endowment for the Arts, etc.
3) Let the country go broke, if spending cannot be cut

These are the priorities of half of the older conservatives on THIS SITE. The priorities of the liberals are similar, except they also want to keep #2. Given that, entitlements simply will NEVER get reduced enough to matter.

So what are the options:
1) Turn into Greece (actually much worse) and watch Mexico zoom by us economically.
2) Raise taxes now on the middle and lower classes (i.e., people that cannot easily evade taxes) to pay for this garbage. If people DEMAND a $4T government, then they need to pay for it.

I prefer Option 2, since I have kids, but most conservatives seem to prefer Option 1.


33 posted on 06/26/2012 4:47:22 AM PDT by BobL
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To: sergeantdave

If by leeches you also include the military and pensions, you’re right.

How many on this forum will be willing to slash the military budget to crawl out of this hole?

We need to slash *everything*.

And if we say to ourselves “We can’t cut the military! That’s a threat to national security!”, then we need to figure out which is better....voluntary reductions now on our terms, or involuntary reductions in the future on, possibly, an enemy’s terms.


34 posted on 06/26/2012 4:47:48 AM PDT by Claud
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To: Impy

Well, people are selfish. Always have been. Sad but true.


35 posted on 06/26/2012 4:48:20 AM PDT by Vanders9
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To: Claud

If you really care about the military you would be in favor of tariffs to stop the off shoring of our manufacturing base. We can recruit and train troops in a hurry, you just can’t build and man a steel mill over night.


36 posted on 06/26/2012 4:50:05 AM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
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To: central_va

Bingo.


37 posted on 06/26/2012 4:51:32 AM PDT by Cringing Negativism Network (America doesn't need any new laws. America needs freedom!)
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To: Kaslin
They're being misled by people with bad motives...

It's easy to blame Pelosi, Reed, and Krugman on this one, but the sad fact is that Republicans haven't done much better when they have had the oppurtunity to make a real difference. Sure, the Pubs can talk tough about the deficit and debt when they only control the House and they know that any "tough-talk" budget legislation will never get past Reid and Obama, but the Pubs have done nothing meaningful when they have been in a position to make a real difference, like when we controlled the executive branch and both houses of Congress under Bush.

38 posted on 06/26/2012 4:52:07 AM PDT by Labyrinthos
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To: Kaslin
The Fed is buying 61% of our own debt.

That's one reason why I'm stocking up on toilet paper. Get it while it's still affordable. (I'm only half joking).

39 posted on 06/26/2012 4:52:17 AM PDT by MulberryDraw (That which cannot be paid, won't be paid.)
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To: MulberryDraw

I’ve never seen a real T-Bill. Do you think it would work as TP? Would it hurt my septic?


40 posted on 06/26/2012 4:55:50 AM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
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