Of course this is all bunk. You should know it. The USA has defaulted many, many times from the very beginning ("Continentals" weren't worth a wooden nickel, and so on). Our bankster/moneychanger system is, in effect, a running default; or at least a theft ring.
Look this stuff up. You shouldn't keep falling for their fearmongering and fibs.
Kudos to you. Finally someone else with enough intelligence to get it. Nothing but scare tactics to keep borrowing money and taking it from you and me. The current Administration game in Washington consists of instilling fear that if the debt ceiling is not raised our government will collapse and grandma will not get her social security check. Neither is true!
The Treasury Department takes in approximately $175 billion each month. This amount is sufficient to pay the interest on the national debt and fund Social Security, Medicare, and other federal pension programs and allow for "necessary" federal government functions. So where is the collapse, the impending doom?
The truth is that the United States Constitution addresses this issue and provides clear and concise instructions on how it is to be handled. The only purpose of raising the debt ceiling is to allow government to spend more money than the current debt ceiling will allow; it has absolutely nothing to do with paying obligations or interest on our debt or defaulting on our loan obligations. All the foregoing is a lie and smoke screen!
But just wait, pretty soon the comments will fill up with the mindless lemmings from both sides screaming about politics. Wake up! We need to live within our means! Tell your congressman and senators, under NO CIRCUMSTANCES should the debt limit be increased!
defaulting, or raising the limits would be totally unnecessary if they would just stop the insane spending. cut costs in all branches, and stop paying people not to work. welfare and subsidized living should be only for a very short term, not a career, at the expense of the working public.
The dems are acting like spoiled teenagers when the parents are about to take away their credit card.
Yes, it very may well hurt. It definitely will 'inconvenience' a few people. Its going to hurt a lot more in the future when the whole system collapses and government tries to step in to "help" us by making us all marxist slaves.
Its about time people get a real taste of how 'reliable' government is.
When a small business owner is squeezed, he makes a choice to either pay his employees and do w/o a salary or fire everyone and keep on hoping for a better tomorrow.
Where are the sacrifices being made by the lawmakers that are deciding how to spend the taxpayer's money? When, do the upper crust step aside and open up their pockets?
Cut-Cut-Cut seems to be the only word that a weak mind can make. Hurt the old, the disabled and the Vets and feel no shame, is preposperous. Shame on Americans for not sharing the burden and the hardship by those that can very well keep the fires lit. Shame on politicians who don't have the guts to tax on corporations and the wealthy to get the land back into producing.
Blaming one another is a magician's ploy of just hiding the nut in the shell game. Eventually, the "audience" sees all!
There is actually enough set aside that programs like SS could run for several months, maybe as much as 6 months. There would be enough coming in to pay the debt interest, so maybe some parks would be closed and some other non-essential stuff, monuments and so forth.
Clearly something does have to be done, but the deadline date is bogus.
"selling off some of its assets — gold in Fort Knox, buildings, property, even some national parklands"
I don't know how they could sell off gold. Some have said over the last few years that there is no gold in Fort Knox. At the very least it's been moved. Even if we do still have the gold, it is technically pledged against our debt. It may not be what our currency is backed by, but it is an asset of the U.S. Regan was trying to return the country to the gold standard (before he was almost killed) and later he was told it couldn't be done anyway because the gold had already pledged as collateral on our debt at that time. Yes, as far back as the 1980's.
Technically anything the U.S. owns would be. Actually, believe it or not, there is a value placed on every man, woman and child that are citizens of the U.S. as an asset against our debt. That is even a much bigger problem when we think about it. As the majority of the population ages and dies, our country starts to quickly run out of assets.
Guys...wake up. Default is nothing new for this country...look at what's actually happening here:
The investors who had enough money to invest will get their money first. All the promises politicians made to get your vote generations ago will be sacrificed because they know you'll vote for the same bozos again anyway.
Wake up. Quit dreaming. What happens next is up to you. It has always been up to you.
We have what We The People have chosen. We must choose better, or we'll go the way of the soviets...and all foolish, authoritarian nations before us.
Of course this is all bunk. You should know it. The USA has defaulted many, many times from the very beginning ("Continentals" weren't worth a wooden nickel, and so on). Our bankster/moneychanger system is, in effect, a running default; or at least a theft ring.
Look this stuff up. You shouldn't keep falling for their fearmongering and fibs.
Kudos to you. Finally someone else with enough intelligence to get it. Nothing but scare tactics to keep borrowing money and taking it from you and me. The current Administration game in Washington consists of instilling fear that if the debt ceiling is not raised our government will collapse and grandma will not get her social security check. Neither is true!
The Treasury Department takes in approximately $175 billion each month. This amount is sufficient to pay the interest on the national debt and fund Social Security, Medicare, and other federal pension programs and allow for "necessary" federal government functions. So where is the collapse, the impending doom?
The truth is that the United States Constitution addresses this issue and provides clear and concise instructions on how it is to be handled. The only purpose of raising the debt ceiling is to allow government to spend more money than the current debt ceiling will allow; it has absolutely nothing to do with paying obligations or interest on our debt or defaulting on our loan obligations. All the foregoing is a lie and smoke screen!
But just wait, pretty soon the comments will fill up with the mindless lemmings from both sides screaming about politics. Wake up! We need to live within our means! Tell your congressman and senators, under NO CIRCUMSTANCES should the debt limit be increased!
Kudos to you, J.C.! Your "United States Constitution ...clear and concise instructions" has become lost knowledge in this time and place.
Sad. So sad that we were given so much and have thrown away so much over the past hundred years...
http://wedeclare.files.wordpress.com/2011/06/the-united-states-constitution.pdf
http://wedeclare.files.wordpress.com/2011/06/indiana-constitution-book.pdf
http://wedeclare.wordpress.com/2011/03/01/713/
Just a quick web search:
http://spectator.org/archives/2009/01/21/was-there-ever-a-default-on-us/print#
http://mises.org/daily/5463/A-Short-History-of-US-Credit-Defaults
defaulting, or raising the limits would be totally unnecessary if they would just stop the insane spending. cut costs in all branches, and stop paying people not to work. welfare and subsidized living should be only for a very short term, not a career, at the expense of the working public.
The dems are acting like spoiled teenagers when the parents are about to take away their credit card.
Yes, it very may well hurt. It definitely will 'inconvenience' a few people. Its going to hurt a lot more in the future when the whole system collapses and government tries to step in to "help" us by making us all marxist slaves.
Its about time people get a real taste of how 'reliable' government is.
When a small business owner is squeezed, he makes a choice to either pay his employees and do w/o a salary or fire everyone and keep on hoping for a better tomorrow.
Where are the sacrifices being made by the lawmakers that are deciding how to spend the taxpayer's money? When, do the upper crust step aside and open up their pockets?
Cut-Cut-Cut seems to be the only word that a weak mind can make. Hurt the old, the disabled and the Vets and feel no shame, is preposperous. Shame on Americans for not sharing the burden and the hardship by those that can very well keep the fires lit. Shame on politicians who don't have the guts to tax on corporations and the wealthy to get the land back into producing.
Blaming one another is a magician's ploy of just hiding the nut in the shell game. Eventually, the "audience" sees all!
There is actually enough set aside that programs like SS could run for several months, maybe as much as 6 months. There would be enough coming in to pay the debt interest, so maybe some parks would be closed and some other non-essential stuff, monuments and so forth.
Clearly something does have to be done, but the deadline date is bogus.
"selling off some of its assets — gold in Fort Knox, buildings, property, even some national parklands"
I don't know how they could sell off gold. Some have said over the last few years that there is no gold in Fort Knox. At the very least it's been moved. Even if we do still have the gold, it is technically pledged against our debt. It may not be what our currency is backed by, but it is an asset of the U.S. Regan was trying to return the country to the gold standard (before he was almost killed) and later he was told it couldn't be done anyway because the gold had already pledged as collateral on our debt at that time. Yes, as far back as the 1980's.
Technically anything the U.S. owns would be. Actually, believe it or not, there is a value placed on every man, woman and child that are citizens of the U.S. as an asset against our debt. That is even a much bigger problem when we think about it. As the majority of the population ages and dies, our country starts to quickly run out of assets.
Guys...wake up. Default is nothing new for this country...look at what's actually happening here:
The investors who had enough money to invest will get their money first. All the promises politicians made to get your vote generations ago will be sacrificed because they know you'll vote for the same bozos again anyway.
Wake up. Quit dreaming. What happens next is up to you. It has always been up to you.
We have what We The People have chosen. We must choose better, or we'll go the way of the soviets...and all foolish, authoritarian nations before us.