tag:blogger.com,1999:blog-6399730406480392183.post2348061338876245796..comments2024-03-27T11:18:34.222-03:00Comments on Viable Opposition: Putting the Pile of United States Debt into PerspectiveA Political Junkiehttp://www.blogger.com/profile/03342345936277964422noreply@blogger.comBlogger19125tag:blogger.com,1999:blog-6399730406480392183.post-15741912494310964782010-12-26T07:37:15.460-04:002010-12-26T07:37:15.460-04:00President Obama and any other president has no pow...President Obama and any other president has no power to meaningfully change our lives, but they want us to think that. We give them power, it is time we take it back.<br /><br />What China is shooting for is Taiwan. How much do you think the US will "sell" it to China for? I say about $3 Trillion. It will seem cheap after things go bad on the Korea Peninsula, China pulls NKs leash, the US is thankful, South Korea gets NK back (wrecks the SK economy)and the average US citizen continues to get more HD channels and saves more polar bears.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-28337276214530815252010-12-21T08:52:50.823-04:002010-12-21T08:52:50.823-04:00Debt reduction is a war on the middle and lower cl...Debt reduction is a war on the middle and lower classes. They are talking about reductions to Social Security, Medicare, cutting personnel expenses like health insurance and pensions, and reducing aid for education. Our leaders need to review the functions of government and cut out the frivolously unnecessary and inappropriate like funding for the Dem and Rep national conventions, Woodstock museums, ethanol subsidies, and subsidies to industries that ship jobs overseas. You promised President Obama!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-17640691214505718852010-12-17T20:03:57.207-04:002010-12-17T20:03:57.207-04:00@skate - forget about debt for now? the debasing ...@skate - forget about debt for now? the debasing currency is taking place now, US is printing money...hyperinflation and the middle class folk gets to brunt the debt load and get squeezed, it is not sustainable to continue endless growth trend and not hit a wall... global population climbing and energy and economic viability depleting, and the 'well to do' tycoons deals the uranium, shale oil and the rest is divide and conquercrackerhttp://www.cracker.comnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-20561760340548386712010-12-11T15:36:07.446-04:002010-12-11T15:36:07.446-04:00Green basin has $80 Trillion in shcle oil, but the...Green basin has $80 Trillion in shcle oil, but the media doen't tell you.<br /> USA gov ownes most of the property, but wont release.<br /><br /> Soooooooooo, forget about any debt, for now.skatenoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-58951915314337306522010-12-10T18:47:12.621-04:002010-12-10T18:47:12.621-04:00US debt is 13.84 trillion. Intrest paid in 2010 wa...US debt is 13.84 trillion. Intrest paid in 2010 was $413. Most of the money I guess go to the Federal Reserve (FR), that is a private bank. That means that FR owns US? Do they own the world? <br />If they get 400 billion a year, what do they do with the money? Who are these peopple that owns FR, US and the world? Where do they live?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-79439799310151988252010-12-08T08:55:08.967-04:002010-12-08T08:55:08.967-04:00To think that not so long ago we forgave debt to a...To think that not so long ago we forgave debt to a load of African countries that were in trouble paying off their debts to us - glory to McBroon and co and how odiously self-congratulatory we were.<br /><br />Emilie's grandad LondonAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-73688035819329705702010-12-07T17:38:01.887-04:002010-12-07T17:38:01.887-04:00"Don't give Alaska away. They have a budg..."Don't give Alaska away. They have a budget surplus and billions worth of resources. Now California, that's worth considering."<br /><br />LOL, California is a net contributor to the federal govt. We pay waaaaay more in taxes than we receive in services. Good plan.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-5317825087424528692010-12-07T14:32:22.232-04:002010-12-07T14:32:22.232-04:00Nonsense...
No sovereign free floating exchange r...Nonsense...<br /><br />No sovereign free floating exchange rate currency issuer can ever run out of money.<br /><br />http://moslerforsenate.com/wp-content/uploads/2010/06/7DIF.pdfWillORNGhttps://www.blogger.com/profile/03759801640058517521noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-69031405818403463622010-12-07T09:21:17.554-04:002010-12-07T09:21:17.554-04:00The most likely outcomes of this situation are a d...The most likely outcomes of this situation are a devaluation of the dollar to make the debt more palatable and hyperinflation. Both are occurring before our eyes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-16226971052998085572010-12-07T09:01:28.225-04:002010-12-07T09:01:28.225-04:00In its realistic situation, the US will technicall...In its realistic situation, the US will technically have to file bankruptcy in order to get out of its debt. It is now impossible to ever pay any of this debt off. I just recommend getting prepared for the hyperinflation in 2011. Recommendations across all inflation monitoring blogs is to buy your clothes, food, etc. now in order to at least be able to live modestly for a while.Unknownhttps://www.blogger.com/profile/10227491606051491081noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-52914449976265318542010-12-07T08:47:43.616-04:002010-12-07T08:47:43.616-04:00I understand your goal, but "length of a stac...I understand your goal, but "length of a stack of one-dollar bills" is not a very good metric to use for putting things into perspective. I don't measure value or worth by how tall of a stack of money I'd need to buy something. Nor is the physical distance to the moon something that's easy to visualize in tangible terms, either. <br /><br />Why not just express the national debt in terms of what could be purchased with that amount of money? For instance, it's enough to purchase two cars for every person in the United States that's old enough to drive. It's enough to build a mere 10,000 B2 bombers, or to wage only about 10 wars in the Middle East. It's enough money for NASA to send a team of astronauts to the moon and back every single day for the next 30 years.<br /><br />$13.84 trillion is many things. But a tall stack of dollar bills is not one of them.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-19799702791544674522010-12-06T15:50:01.839-04:002010-12-06T15:50:01.839-04:00Don't give Alaska away. They have a budget sur...Don't give Alaska away. They have a budget surplus and billions worth of resources. Now California, that's worth considering.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-72363816954049722262010-12-06T13:37:09.566-04:002010-12-06T13:37:09.566-04:00Strange, we can give Alaska away but we can't ...Strange, we can give Alaska away but we can't drill for oil. Do you think the new owners won't drill. Wake up!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-77295712401571442162010-12-05T20:49:52.144-04:002010-12-05T20:49:52.144-04:00I'm not really certain what the value of our f...I'm not really certain what the value of our fiat currency is now.A Political Junkiehttps://www.blogger.com/profile/03342345936277964422noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-71591876897174995942010-12-05T20:09:28.534-04:002010-12-05T20:09:28.534-04:00A Political Junkie, once our debt is forgiven our ...A Political Junkie, once our debt is forgiven our currency will be of no value for many years to come, just like if you were to default on an auto loan. You would pay for many years to come in higher interest rates. Please get serious with your comments. What we do now will directly effect the quality of life for many generations to come......Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-74820351097188119992010-12-05T18:58:44.933-04:002010-12-05T18:58:44.933-04:00One has to wonder if there isn't going to be s...One has to wonder if there isn't going to be some debt forgiveness - i.e. take pennies on the dollar or get nothing. This is just a slight alteration of the "reset to zero" theory.A Political Junkiehttps://www.blogger.com/profile/03342345936277964422noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-37773648669187580002010-12-05T18:45:18.097-04:002010-12-05T18:45:18.097-04:00I say we offer up Alaska as payment for some of ou...I say we offer up Alaska as payment for some of our debt.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-6274473972135033962010-12-05T15:00:57.015-04:002010-12-05T15:00:57.015-04:00It certainly reinforces my theory that "the W...It certainly reinforces my theory that "the West" will eventually decide it is too big to fail, and everyone will just reset their debts to zero.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-23026012939738822042010-12-05T04:10:43.168-04:002010-12-05T04:10:43.168-04:00Any idea how USA going to settle that debt or it w...Any idea how USA going to settle that debt or it won't ?Anonymousnoreply@blogger.com