So what does a country do once its bankrupt?

Discussion in 'Politics' started by Mr.Fitnah, Mar 18, 2010.

  1. Mr.Fitnah
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    Mr.Fitnah Dreamcrusher

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  2. Mr.Fitnah
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    Mr.Fitnah Dreamcrusher

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  3. Mr.Fitnah
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    Mr.Fitnah Dreamcrusher

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  4. saveliberty
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    saveliberty Diamond Member

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    1. Have the media ignore it.
    2. Allow the government to expand programs as long as they can.
    3. Make budget adjustments to show reductions in future budgets.
    4. Print money faster.
    5. Keep the public blissfully ignorant by keeping things business as usual.
    6. Consider it part of the general welfare clause that all Americans have a right to money.
     
  5. VaYank5150
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    VaYank5150 Gold Member

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    Borrow money from Communist China so it can invade two separate countries that posed no threat to the US?
     
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    Last edited: Mar 18, 2010
  6. VaYank5150
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    VaYank5150 Gold Member

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    Hey, Fitnah...why did you neg rep me for this post???
     
  7. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Pass more entitlements of course!!!!!!!
     
  8. California Girl
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    California Girl BANNED

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    Perhaps because it was a moronic statement and an attempt to derail the topic so you can whine about Iraq and Afghanistan. It is a typical leftist response.... put your hands over your ears and say 'lalalalalalalalala' really loud so you don't let any facts seep into your head.
     
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  9. Dr.Traveler
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    Dr.Traveler Mathematician

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    When (not if) we go financially bankrupt, its going to be because Republicans and Democrats failed to control spending from Reagan's era forward. Bush/DeLay/Frist's era of Borrow and Spend will have as much to do with it as Pelosi/Reid/Obama's spending did.

    Should the US go financially bankrupt, you can bend over and kiss your sweet behind goodbye. The default on Federal Bonds would absolutely destory investment and industry. Military personnel wouldn't be paid. Entitlements would dry up as would VA benefits. Federal law enforcement would sputter out.....

    Its a nightmare scenario. I'm hoping that it won't happen, but history shows that at some point every form of government will fail.
     
  10. Murf76
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    Murf76 Senior Member

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    We're fucked. In ten year's time, just the interest on our national debt will be 900 Billion per year. And that's without Obamacare. we've already got 700 Billion going overseas for foreign oil. The asshole won't let us drill. And nothing's been done about the entitlement spending we already have which is breaking us. We've got two-thirds of the federal budget out in non-discretionary spending.

    We're in danger of losing our AAA rating, and if we do... interest rates are going to have to go up, which means paying even MORE interest out each year. And when we can no longer keep up, there's nothing left but printing money and hyperinflation.

    Obama and his Loony Tunes in Congress have dicked around for an entire year on healthcare... meanwhile back at the ranch, the house is on fire.
     

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