Chilling Economic Report Getting Passed Around By CEOs

Discussion in 'Clean Debate Zone' started by P@triot, Dec 27, 2012.

  1. P@triot
    Offline

    P@triot Gold Member

    Joined:
    Jul 5, 2011
    Messages:
    23,272
    Thanks Received:
    2,739
    Trophy Points:
    280
    Ratings:
    +8,590
    The liberals will love this report because some of the "solutions" include not paying back debt and raising taxes. However, I'm sharing this because it really illustrates how the Democrats have driven our economy to the brink of collapse.

    Their entire strategy for the past 100 years has been trade money/entitlements for votes/power. But, the money has run out, and no amount of taxes (even 100%) can solve the problem now.

    The only way we survive at this point is if we end Social Security, Medicare, Medicaid, Obamacare, cut the federal government by 75%, lower taxes across the board, and restructure our entire tax code.

    And suggesting that we simply not pay beck debts is the most absurd suggestion I have ever heard. Why would anyone give us credit again knowing that we'll just fuck 'em royally in the end and not pay back what we borrowed?

    There’s a ‘Chilling’ Economic Report Making the Rounds Among Top Execs — And Wait Until You See What It Says About Gov’t Programs | TheBlaze.com

    https://www.bcgperspectives.com/con...omy_ending_the_era_of_ponzi_finance/#chapter1
     
    • Thank You! Thank You! x 1
  2. Katzndogz
    Offline

    Katzndogz Diamond Member

    Joined:
    Sep 27, 2011
    Messages:
    65,659
    Thanks Received:
    7,418
    Trophy Points:
    1,830
    Ratings:
    +8,337
    Workers are already following companies out of the country. It can't happen fast enough. The US needs to wallow.
     
  3. P@triot
    Offline

    P@triot Gold Member

    Joined:
    Jul 5, 2011
    Messages:
    23,272
    Thanks Received:
    2,739
    Trophy Points:
    280
    Ratings:
    +8,590
    It took Obama, Pelosi, and Reid only 2 years to completely devastate the world's premier superpower.
     
  4. Mad Scientist
    Offline

    Mad Scientist Deplorable Gold Supporting Member Supporting Member

    Joined:
    Sep 15, 2008
    Messages:
    23,938
    Thanks Received:
    5,211
    Trophy Points:
    270
    Ratings:
    +7,678
    That "plan" is what is happening in Greece right now.

    Oh and you CAN forgive debt, it's called "Debt Jubilee". Look that up.
     
  5. Staidhup
    Offline

    Staidhup Gold Member Supporting Member

    Joined:
    Jan 5, 2012
    Messages:
    2,846
    Thanks Received:
    492
    Trophy Points:
    130
    Location:
    PNW
    Ratings:
    +1,175
    It is rather a stretch to state that it only took two years to reach the financial abyss. For the past 80 years we have steadily inched closer to the edge. Let me explain, we as a country have always had a national debt, the key was and remains the percentage of national debt to GDP and ability to service the debt. During a period of expanding economy the percentage of debt to GDP decreased, during periods of economic contraction the percentage increased. The fact that during periods of expanding GDP, even with high rates of taxation, the debt was not reduced, rather congress continued to spend and increase future liabilities. It was inevitable that unless the budget was balanced and surplus was earmarked toward reducing the debt, unfunded future liabilities, that we would reach the point that we are at today. Friedman and a host of others warned the country that the time would come during a period of contraction that the percentage of debt to GDP would create a non sustainable monetary and fiscal environment resulting in a major decrease in the standard of living. In 2008 Congress chose to employ stimulus measures to jump start the economy, however, this required substantial increases in the debt at a period of contraction in GDP. The unfortunate reality is that unless government spending is reduced we will continue to remain in a period of anemic growth in GDP. As we can witness one party still subscribes to expansion of government spending and the other remains stead fast in cutting government spending. The resulting polarization will result in means testing, increased taxation, and further curtailment in private sector job growth and GDP contraction. Unless major revisions are made that enhance private sector job growth, (manufacturing) we will remain stuck in a floundering economy and period of expansion in debt to GDP percentage. Class warfare, anti business mind set, and unwillingness to address the need to curtail government spending will only kick the can down the road and further erode what remains of our economy. It took 80 years to get here now one can only hope those in Washington will someday stand up and recognize that tough unpopular decisions need to be made. Don't hold your breath, for the majority party will never compromise their political base, it would amount to political suicide for the entitlement culture it has created.
     
  6. Freemason9
    Offline

    Freemason9 Gold Member

    Joined:
    Aug 14, 2012
    Messages:
    2,477
    Thanks Received:
    279
    Trophy Points:
    130
    Ratings:
    +458
    XXXXXXX-Meister, the Ponzi schemes arise (couched in financial instruments like derivatives) to provide substitutes that "investors" pretend represent productive activity.

    Ponzi schemes MUST collapse, however. That is simply inevitable.
     
  7. Staidhup
    Offline

    Staidhup Gold Member Supporting Member

    Joined:
    Jan 5, 2012
    Messages:
    2,846
    Thanks Received:
    492
    Trophy Points:
    130
    Location:
    PNW
    Ratings:
    +1,175
    As long as people desire to retain the fruits and benefits of their labor capitalism will survive. Capitalism alone is accountable for 100% of the improvements in the worlds standard of living. To assume otherwise is naive at best. The melding of socialism and capitalism is a Ponzi scheme in it self for the concept of sustainability is lost.
     
  8. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,775
    Thanks Received:
    12,768
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,732
    We cannot afford Big Government, especially the 25% increase in size relative to GDP, which has been Obama's main accomplishment.
     
  9. Dont Taz Me Bro
    Offline

    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

    Joined:
    Nov 17, 2009
    Messages:
    31,598
    Thanks Received:
    6,683
    Trophy Points:
    1,170
    Location:
    Las Vegas, Nevada
    Ratings:
    +17,473
    This has been in the making for more than half a century.
     
  10. TakeAStepBack
    Offline

    TakeAStepBack Gold Member

    Joined:
    Mar 29, 2011
    Messages:
    13,935
    Thanks Received:
    1,723
    Trophy Points:
    245
    Ratings:
    +2,012
    Now if only we could get back to a capitalist society.....
     

Share This Page