Obamas $$$- 398,879,561 Years To Pay Off The US Government's Debt

[Rotagilla]

And likely the US will dissolve to a more tyrannical form of government like national socialism, theocracy, or fascism.

Also a western brain drain would result with the entrepreneurs and well educated middle class fleeing the US for Asia and never coming back.

There's no evidence of any of that.

The several smaller nations that would form would manage to make do without oppressive fed gvmt central planning.
That's how this nation was formed in the first place. secession from an oppressive central gvmt.

Don't see how that could happen, as other countries would still hold the individual states responsible for their state debt, and all the new countries responsible for the former US national debt as successor states.

They can "hold" whatever they like...When this nation goes through the inevitable default/collapse/partitioning/rebuilding, old debts won't matter very much.
No one is going to do anything about it...

 

[hipeter924]

Once you're in the trillion dollar range it can't be paid off. 1 trillion or 20 doesn't matter.

You may be correct. This could indicate that the US government will ultimately default on its debt, since no great empire in history ever survived massive debt and currency devaluation. The harm to the people will be great, but the elites in government and business will do well...assuming we do not have a revolution akin to the French one. If that were to occur, they just might lose their heads.

And likely the US will dissolve to a more tyrannical form of government like national socialism, theocracy, or fascism.

Also a western brain drain would result with the entrepreneurs and well educated middle class fleeing the US for Asia and never coming back.

Wont be a government if we default.

Perhaps, but there can always be new governments in successor states.

 

[Rotagilla]

Once you're in the trillion dollar range it can't be paid off. 1 trillion or 20 doesn't matter.

You may be correct. This could indicate that the US government will ultimately default on its debt, since no great empire in history ever survived massive debt and currency devaluation. The harm to the people will be great, but the elites in government and business will do well...assuming we do not have a revolution akin to the French one. If that were to occur, they just might lose their heads.

And likely the US will dissolve to a more tyrannical form of government like national socialism, theocracy, or fascism.

Also a western brain drain would result with the entrepreneurs and well educated middle class fleeing the US for Asia and never coming back.

Wont be a government if we default.

Perhaps, but there can always be new governments in successor states.

I don't understand your terms?
In this scenario, what is a "successor state"? Do you mean the smaller nations that will form when this one collapses?

 

[hipeter924]

And likely the US will dissolve to a more tyrannical form of government like national socialism, theocracy, or fascism.

Also a western brain drain would result with the entrepreneurs and well educated middle class fleeing the US for Asia and never coming back.

There's no evidence of any of that.

The several smaller nations that would form would manage to make do without oppressive fed gvmt central planning.
That's how this nation was formed in the first place. secession from an oppressive central gvmt.

Don't see how that could happen, as other countries would still hold the individual states responsible for their state debt, and all the new countries responsible for the former US national debt as successor states.

They can "hold" whatever they like...When this nation goes through the inevitable default/collapse/partitioning/rebuilding, old debts won't matter very much.
No one is going to do anything about it...

Depends how determined or desperate other countries are, and the global economic situation. If the US defaults and collapses, the economic shock would cause a global depression - and possibly another world war.

 

[hipeter924]

Once you're in the trillion dollar range it can't be paid off. 1 trillion or 20 doesn't matter.

You may be correct. This could indicate that the US government will ultimately default on its debt, since no great empire in history ever survived massive debt and currency devaluation. The harm to the people will be great, but the elites in government and business will do well...assuming we do not have a revolution akin to the French one. If that were to occur, they just might lose their heads.

And likely the US will dissolve to a more tyrannical form of government like national socialism, theocracy, or fascism.

Also a western brain drain would result with the entrepreneurs and well educated middle class fleeing the US for Asia and never coming back.

Wont be a government if we default.

Perhaps, but there can always be new governments in successor states.

I don't understand your terms?
In this scenario, what is a "successor state"? Do you mean the smaller nations that will form when this one collapses?

Well, lets say that Texas became its own country, it would still be a successor state of the US. However, if a new country was formed with no continuation of government, like a country made up of parts of different states, then it could probably pass itself off as a new country and not a successor state.

 

[Rotagilla]

And likely the US will dissolve to a more tyrannical form of government like national socialism, theocracy, or fascism.

Also a western brain drain would result with the entrepreneurs and well educated middle class fleeing the US for Asia and never coming back.

There's no evidence of any of that.

The several smaller nations that would form would manage to make do without oppressive fed gvmt central planning.
That's how this nation was formed in the first place. secession from an oppressive central gvmt.

Don't see how that could happen, as other countries would still hold the individual states responsible for their state debt, and all the new countries responsible for the former US national debt as successor states.

They can "hold" whatever they like...When this nation goes through the inevitable default/collapse/partitioning/rebuilding, old debts won't matter very much.
No one is going to do anything about it...

Depends how determined or desperate other countries are, and the global economic situation. If the US defaults and collapses, the economic shock would cause a global depression - and possibly another world war.

yeah...and sea monsters might attack and meteors might impact and volcanoes might erupt....
When nations collapse or are over run or destroyed in revolution, the effect on the "world economy" isn't a factor.
Patriots fighting oppressive governments don't care about the "world economy".

 

[Rotagilla]

You may be correct. This could indicate that the US government will ultimately default on its debt, since no great empire in history ever survived massive debt and currency devaluation. The harm to the people will be great, but the elites in government and business will do well...assuming we do not have a revolution akin to the French one. If that were to occur, they just might lose their heads.

And likely the US will dissolve to a more tyrannical form of government like national socialism, theocracy, or fascism.

Also a western brain drain would result with the entrepreneurs and well educated middle class fleeing the US for Asia and never coming back.

Wont be a government if we default.

Perhaps, but there can always be new governments in successor states.

I don't understand your terms?
In this scenario, what is a "successor state"? Do you mean the smaller nations that will form when this one collapses?

Well, lets say that Texas became its own country, it would still be a successor state of the US. However, if a new country was formed with no continuation of government, like a country made up of parts of different states, then it could probably pass itself off as a new country and not a successor state.

Ok. Make it as convoluted as you want to. When states do break away it probably won't be individually, one at a time... Either way, they will be their own sovereign nation and the debts of their predecessors (the u.s.) won't be valid is how I see it..

EDIT:
for example, France, Germany, etc..etc.. didn't hold the newly formed united states responsible for debts incurred by britain prior to the revolution.

 

[hipeter924]

And likely the US will dissolve to a more tyrannical form of government like national socialism, theocracy, or fascism.

Also a western brain drain would result with the entrepreneurs and well educated middle class fleeing the US for Asia and never coming back.

There's no evidence of any of that.

The several smaller nations that would form would manage to make do without oppressive fed gvmt central planning.
That's how this nation was formed in the first place. secession from an oppressive central gvmt.

Don't see how that could happen, as other countries would still hold the individual states responsible for their state debt, and all the new countries responsible for the former US national debt as successor states.

They can "hold" whatever they like...When this nation goes through the inevitable default/collapse/partitioning/rebuilding, old debts won't matter very much.
No one is going to do anything about it...

Depends how determined or desperate other countries are, and the global economic situation. If the US defaults and collapses, the economic shock would cause a global depression - and possibly another world war.

yeah...and sea monsters might attack and meteors might impact and volcanoes might erupt....
When nations collapse or are over run or destroyed in revolution, the effect on the "world economy" isn't a factor.
Patriots fighting oppressive governments don't care about the "world economy".

It is a major factor, the same would be the case if Russia, China, or the European Union collapsed right now. When America had a revolution, and France had a revolution, the world economy hadn't been in a global recession to the scale as the one that occurred in 2008 onwards. I doubt the world economy could stay afloat, if there was another dramatic shock to the world economy.

 

[hipeter924]

And likely the US will dissolve to a more tyrannical form of government like national socialism, theocracy, or fascism.

Also a western brain drain would result with the entrepreneurs and well educated middle class fleeing the US for Asia and never coming back.

Wont be a government if we default.

Perhaps, but there can always be new governments in successor states.

I don't understand your terms?
In this scenario, what is a "successor state"? Do you mean the smaller nations that will form when this one collapses?

Well, lets say that Texas became its own country, it would still be a successor state of the US. However, if a new country was formed with no continuation of government, like a country made up of parts of different states, then it could probably pass itself off as a new country and not a successor state.

Ok. Make it as convoluted as you want to. When states do break away it probably won't be individually, one at a time... Either way, they will be their own sovereign nation and the debts of their predecessors (the u.s.) won't be valid is how I see it..

Their creditors won't see it that way, and will still go after them, probably with a foreign army in tow.

 

[BluesLegend]

All major corporations in the US run on the concept of short-term profits and gains, and the CEOs are paid for doing that. As a result, even if a company or country goes bust, they walk away with vast profits before it does. That's what happened in '08, as those that wrecked the economy own the government.

No they are not, its epic how ill informed you are on this subject.

Actually plenty of CEO's admit their companies are structured on short term profit creation. If you think I am ill informed you must be really out of touch with economic reality.

Did you already forget what you wrote? You are categorically wrong.

 

[Rotagilla]

Wont be a government if we default.

Perhaps, but there can always be new governments in successor states.

I don't understand your terms?
In this scenario, what is a "successor state"? Do you mean the smaller nations that will form when this one collapses?

Well, lets say that Texas became its own country, it would still be a successor state of the US. However, if a new country was formed with no continuation of government, like a country made up of parts of different states, then it could probably pass itself off as a new country and not a successor state.

Ok. Make it as convoluted as you want to. When states do break away it probably won't be individually, one at a time... Either way, they will be their own sovereign nation and the debts of their predecessors (the u.s.) won't be valid is how I see it..

Their creditors won't see it that way, and will still go after them, probably with a foreign army in tow.

..and they will naturally defend themselves with their armies and the armies of their allies.
Foreign invaders would have a very hard time.

 

[hipeter924]

All major corporations in the US run on the concept of short-term profits and gains, and the CEOs are paid for doing that. As a result, even if a company or country goes bust, they walk away with vast profits before it does. That's what happened in '08, as those that wrecked the economy own the government.

No they are not, its epic how ill informed you are on this subject.

Actually plenty of CEO's admit their companies are structured on short term profit creation. If you think I am ill informed you must be really out of touch with economic reality.

Did you already forget what you wrote? You are categorically wrong.

I didn't forget anything, and I am completely correct, did some quick searching and found this: http://www.aspeninstitute.org/sites/default/files/content/images/Compelling Case for Change_August2010.pdf

 

[Rotagilla]

There's no evidence of any of that.

The several smaller nations that would form would manage to make do without oppressive fed gvmt central planning.
That's how this nation was formed in the first place. secession from an oppressive central gvmt.

Don't see how that could happen, as other countries would still hold the individual states responsible for their state debt, and all the new countries responsible for the former US national debt as successor states.

They can "hold" whatever they like...When this nation goes through the inevitable default/collapse/partitioning/rebuilding, old debts won't matter very much.
No one is going to do anything about it...

Depends how determined or desperate other countries are, and the global economic situation. If the US defaults and collapses, the economic shock would cause a global depression - and possibly another world war.

yeah...and sea monsters might attack and meteors might impact and volcanoes might erupt....
When nations collapse or are over run or destroyed in revolution, the effect on the "world economy" isn't a factor.
Patriots fighting oppressive governments don't care about the "world economy".

It is a major factor, the same would be the case if Russia, China, or the European Union collapsed right now. When America had a revolution, and France had a revolution, the world economy hadn't been in a global recession to the scale as the one that occurred in 2008 onwards. I doubt the world economy could stay afloat, if there was another dramatic shock to the world economy.

Like I said before regarding collapse or revolution;

Patriots fighting for their freedom from oppressive governments don't care about the "world economy".

 

[hipeter924]

Perhaps, but there can always be new governments in successor states.

I don't understand your terms?
In this scenario, what is a "successor state"? Do you mean the smaller nations that will form when this one collapses?

Well, lets say that Texas became its own country, it would still be a successor state of the US. However, if a new country was formed with no continuation of government, like a country made up of parts of different states, then it could probably pass itself off as a new country and not a successor state.

Ok. Make it as convoluted as you want to. When states do break away it probably won't be individually, one at a time... Either way, they will be their own sovereign nation and the debts of their predecessors (the u.s.) won't be valid is how I see it..

Their creditors won't see it that way, and will still go after them, probably with a foreign army in tow.

..and they will naturally defend themselves with their armies and the armies of their allies.
Foreign invaders would have a very hard time.

Maybe, maybe not. Depends on whether their 'allies' are broke too, and whether they can afford to maintain their own military.

 

[Rotagilla]

I don't understand your terms?
In this scenario, what is a "successor state"? Do you mean the smaller nations that will form when this one collapses?

Well, lets say that Texas became its own country, it would still be a successor state of the US. However, if a new country was formed with no continuation of government, like a country made up of parts of different states, then it could probably pass itself off as a new country and not a successor state.

Ok. Make it as convoluted as you want to. When states do break away it probably won't be individually, one at a time... Either way, they will be their own sovereign nation and the debts of their predecessors (the u.s.) won't be valid is how I see it..

Their creditors won't see it that way, and will still go after them, probably with a foreign army in tow.

..and they will naturally defend themselves with their armies and the armies of their allies.
Foreign invaders would have a very hard time.

Maybe, maybe not. Depends on whether their 'allies' are broke too, and whether they can afford to maintain their own military.

since we're speaking about collapse/partitioning and reconstruction of smaller nations inside what used to be the u.s., no ally of ours would allow an enemy to directly invade our shores without opposition...and neither would we...we might have separated but I'm not going to allow mutual enemies to overrun your country just because we have different political views.

 

[Geaux4it]

So much for being the richest person in the grave yard

-Geaux

 

[Judicial review]

Let me put it this way.... Everything that we need done Gingrich and kasich have done before with bipartisan support. Big time things and reforms. Elect them again and you are likely to get the same. Better odds than any other candidate.

We bring in plenty of revenue, but need to cut spending and spending by the federal reserve, and pay down the debt and reform entitlements so they cost less, but are more efficient. This is very doable with the right President and after the GOP takes control of the senate.

Imagine how much revenue we'd be bringing in if the unemployment rate was actually where it should be and way more people were working? Revenue is at 3 trillion this year.