Today is the Day We Hit the Debt Ceiling

Ernst

Ernst

Well-Known Member
Today is the day we hit the debt ceiling.

NPR has been hosting the topic of the count down to august 2011 when the USA would go into default.
From now until then there will be accounting tricks to cover the expense of running the country.


One point that was made is we have no ability to pay our debt down in any reasonable way. Not even if we sold all the Gold in Fort Knox.
 
Dan Kone

Dan Kone

Well-Known Member
undertheice said:
don't you think we should have rethought our strategy the first time or the second or even the fiftieth?
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I think we should have rethought it sometime in the late 80's when it started to become a serious problem.

Not trying to trivialize the debt problem, just the idea that hitting the debt ceiling is something that should cause panic. It's not.

The problem is this country seems to be long term plan for anything. No plans for debt, no plans for modernizing commerce infrastructure, no plans for energy, no plans for building up the type of industry or markets for the future.
 
J

JoeCa1i

Well-Known Member
RON PAUL FOR PRESIDENT.Hes seems to be the only NON-PUPPET,that doesn't want to see this country collapse..Every one else is a puppet,that wants to see all economies collapse,to bring in the nwo,and the MARK of the BEAST.I don't think russias in the bandwagon yet,telling by this video....[YOUTUBE]aHfZBQyr2Fs[/YOUTUBE] no this guy ain't BS'n ,I'm sure the US has th same weapons,and thats how worlds end...
 
Dan Kone

Dan Kone

Well-Known Member
JoeCa1i said:
RON PAUL FOR PRESIDENT.Hes seems to be the only NON-PUPPET,that doesn't want to see this country collapse..
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Ron Paul advocated letting all the banks fail and letting the free market sort itself out. If that would have happened all commerce in this country would have immediately stopped. All lending would stop. Corporate stocks would become worthless. Companies wouldn't be able to make payrolls or open for business. We'd be living in a mad max world at that point.

So no, you're wrong. Ron Paul actively pushed for letting the country fail.
 
budlover13

budlover13

King Tut
Dan Kone said:
Ron Paul advocated letting all the banks fail and letting the free market sort itself out. If that would have happened all commerce in this country would have immediately stopped. All lending would stop. Corporate stocks would become worthless. Companies wouldn't be able to make payrolls or open for business. We'd be living in a mad max world at that point.

So no, you're wrong. Ron Paul actively pushed for letting the country fail.
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When one gets too deep in a hole, it is sometimes painful to get out imho.
 
toastycookies

toastycookies

Active Member
Dan Kone said:
Ron Paul advocated letting all the banks fail and letting the free market sort itself out. If that would have happened all commerce in this country would have immediately stopped. All lending would stop. Corporate stocks would become worthless. Companies wouldn't be able to make payrolls or open for business. We'd be living in a mad max world at that point.

So no, you're wrong. Ron Paul actively pushed for letting the country fail.
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but mad max was awesome!

 
budlover13

budlover13

King Tut
i look at Yugoslavia, Greece, etc. and see it as inevitable. The longer we wait, the more it'll hurt. Captialism can work, but only until the slaves get tired of it.
 
deprave

deprave

New Member
dan kone said:
ron paul advocated letting all the banks fail and letting the free market sort itself out. If that would have happened all commerce in this country would have immediately stopped. All lending would stop. Corporate stocks would become worthless. Companies wouldn't be able to make payrolls or open for business. We'd be living in a mad max world at that point.

So no, you're wrong. Ron paul actively pushed for letting the country fail.
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wrong - SO WHATS YOUR SOLUTION BAILOUTS? LOL



ron paul revolution or tyranny!

RON PAUL OR UNITED WE FALL!


RON PAUL Today talks on soros media about the debt ceiling - here is one of those interviews:

[video=youtube;ZqxJgf9eeUM]http://www.youtube.com/watch?v=ZqxJgf9eeUM[/video]
 
bryon209

bryon209

Active Member
Dan Kone said:
Ron Paul advocated letting all the banks fail and letting the free market sort itself out. If that would have happened all commerce in this country would have immediately stopped. All lending would stop. Corporate stocks would become worthless. Companies wouldn't be able to make payrolls or open for business. We'd be living in a mad max world at that point.

So no, you're wrong. Ron Paul actively pushed for letting the country fail.
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Ron Paul is a gentleman and a scholar sir
 
Ernst

Ernst

Well-Known Member
We all die and capitalism will be the rule so free the weed for future people!

Let us unite and make sure then next 100 years start to get mellow.

Money screws it all up.. All we have is life and we make it about money.
 
Dan Kone

Dan Kone

Well-Known Member
deprave said:
wrong - SO WHATS YOUR SOLUTION BAILOUTS? LOL



ron paul revolution or tyranny!

RON PAUL OR UNITED WE FALL!
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Proclaiming me wrong without an explanation of why isn't really saying much.

They may have been unpopular, but the bailouts did prevent an even worse disaster from happening. I would have preferred the government taken over the too big to fail companies, but the bailouts did what they were supposed to.

Letting the banks all fail and the economy collapse is not a solution.
 
N

NoDrama

Well-Known Member
Dan Kone said:
Proclaiming me wrong without an explanation of why isn't really saying much.

They may have been unpopular, but the bailouts did prevent an even worse disaster from happening. I would have preferred the government taken over the too big to fail companies, but the bailouts did what they were supposed to.

Letting the banks all fail and the economy collapse is not a solution.
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It didn't solve anything, it only kicked the can down the road a few years. The big economic bust is still coming and it is unstoppable.
 
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