Bankruptcy of U.S. is ‘Mathematical Certainty,’ Says Professor & Former CEO of Nation

Discussion in 'Economy' started by Bones, Jan 19, 2011.

  1. Bones
    Offline

    Bones VIP Member

    Joined:
    Dec 27, 2010
    Messages:
    344
    Thanks Received:
    81
    Trophy Points:
    78
    Ratings:
    +81
  2. R.C. Christian
    Offline

    R.C. Christian Gold Member

    Joined:
    Jun 30, 2010
    Messages:
    9,955
    Thanks Received:
    1,074
    Trophy Points:
    190
    Location:
    Ghetto
    Ratings:
    +1,195
    Ragnarock? That sounds familiar. What is that from?

    We're already bankrupt so I guess the prof means our ability to pay back our debt is unsustainable. Well no kidding.
     
  3. drube
    Offline

    drube BANNED

    Joined:
    Jan 19, 2011
    Messages:
    2
    Thanks Received:
    1
    Trophy Points:
    0
    Ratings:
    +1
    These guys are economic terrorists.Bankers. The gov needs to cease the banks and cut the debt to zero by book keeping entry and start all over.
     
    • Thank You! Thank You! x 1
    Last edited: Jan 19, 2011
  4. Quantum Windbag
    Offline

    Quantum Windbag Gold Member

    Joined:
    May 9, 2010
    Messages:
    58,308
    Thanks Received:
    5,014
    Trophy Points:
    245
    Ratings:
    +5,221
    Not only is your grammar atrocious, so is your logic.
     
    • Thank You! Thank You! x 1
  5. william the wie
    Offline

    william the wie Gold Member

    Joined:
    Nov 18, 2009
    Messages:
    7,281
    Thanks Received:
    674
    Trophy Points:
    175
    Ratings:
    +1,605
    Most nations are belly up from housing bubbles and the ones that aren't are headed that way. China, Australia and Canada will probably blow up this year. In the last 7 years China has had zero non-construction GDP growth. And the construction sector was 33% of GDP in 2003 more than double what was seen in the US during the 2004-6 boom now at 60% of GDP it is four times as big. When that baby pops it will make the meltdown look like a tea party.
     
    • Thank You! Thank You! x 1
  6. KissMy
    Offline

    KissMy Free Breast Exam

    Joined:
    Oct 10, 2009
    Messages:
    12,063
    Thanks Received:
    2,144
    Trophy Points:
    255
    Location:
    In your head
    Ratings:
    +2,922
    New York Times - Plans being drawn up to let states declare bankruptcy
    So much for the "Great Society"
     
  7. Care4all
    Offline

    Care4all Warrior Princess Supporting Member

    Joined:
    Mar 24, 2007
    Messages:
    32,761
    Thanks Received:
    6,621
    Trophy Points:
    1,170
    Location:
    Maine
    Ratings:
    +11,089
    gotta cut spending big time and raise taxes to pay for the last decade of debt accrued....
     
  8. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    Yep Care, but the republican led congress only wants to do half of that.

    And that is part of what got us into that issue. Cut taxes and increase spending.
     
  9. Care4all
    Offline

    Care4all Warrior Princess Supporting Member

    Joined:
    Mar 24, 2007
    Messages:
    32,761
    Thanks Received:
    6,621
    Trophy Points:
    1,170
    Location:
    Maine
    Ratings:
    +11,089
    yep and this will bankrupt us....

    first with crappy credit rating when we show no effort to raise taxes to pay for our accrued debt incurred, then with higher interest rates cuz of the crappy rating, then the bankruptcy....
     
    • Thank You! Thank You! x 1
  10. KissMy
    Offline

    KissMy Free Breast Exam

    Joined:
    Oct 10, 2009
    Messages:
    12,063
    Thanks Received:
    2,144
    Trophy Points:
    255
    Location:
    In your head
    Ratings:
    +2,922
    Greedy Bankers will love those higher interest rates though. Big Debts + High Interest Rates = Big Win for Big Bankers & Big Taxes for the rest of US Slaves.
     
    • Thank You! Thank You! x 1

Share This Page