Let's see. The last year we didn't borrow money to balance the federal budget was 1999-2000. But once the Bush tax cuts were enacted through reconcilliation, we've been borrowing money every since. But you'd like us to think that on January 19, 2009 we had a balanced budget, right?
So what does a country do once its bankrupt?
- Thread starter Mr.Fitnah
- Start date
Let's see. The last year we didn't borrow money to balance the federal budget was 1999-2000. But once the Bush tax cuts were enacted through reconcilliation, we've been borrowing money every since. But you'd like us to think that on January 19, 2009 we had a balanced budget, right?
boedicca
Uppity Water Nymph from the Land of Funk
- Feb 12, 2007
- 59,734
- 24,711
- 2,290
Scuze me.
9/11 - have you heard of it?
The Dotcom Crash - have you heard of it?
The Financial-Real Estate melt down - have you heard of it?
The Aughts were a disaster of a decade in which prior decades of government malfeasance and cronyism combined with the Carter Foreign Policy legacy finally reached their logical conclusions.
9/11 - have you heard of it?
The Dotcom Crash - have you heard of it?
The Financial-Real Estate melt down - have you heard of it?
The Aughts were a disaster of a decade in which prior decades of government malfeasance and cronyism combined with the Carter Foreign Policy legacy finally reached their logical conclusions.
Charles Stucker
Senior Member
- Oct 13, 2009
- 2,071
- 226
- 48
Thank you for this communist message. We now return to reality.
NYcarbineer
Diamond Member
So what does a country do once its bankrupt?
Move in with its parents?
Move in with its parents?
- Thread starter
- #65
Moody’s Says U.S. Debt Could Test Triple-A Rating
By DAVID JOLLY and CATHERINE RAMPELL
Published: March 15, 2010
The gold-plated credit rating of the United States — an article of faith across America and, indeed, around the world — may be at risk in coming years as the nation copes with its growing debts.
That sobering assessment, issued Monday by Moody’s Investors Service, provided a reminder that even Aaa-rated United States Treasury bonds, supposedly the safest of safe investments, could be downgraded one day if Washington failed to manage the federal debt.
Moody’s said the United States and other major Western nations, particularly Britain, have moved “substantially” closer to losing their gilt-edged ratings. The ratings are “stable,” but “their ‘distance-to-downgrade’ has in all cases substantially diminished,” the credit ratings agency said.
A downgrade would affect more than American pride. The bigger risk would be to the country’s ability to keep borrowing money on extremely favorable terms, and therefore to keep spending more money than it takes in from tax revenue.
A credit rating lets lenders and investors know how likely it is that a borrower can pay back a loan. A sterling rating means there is little for lenders to worry about. A lower one typically results in bond investors demanding higher interest rates on debt.
Those higher rates, in turn, add to the country’s overall debt burden and can force the government to reduce spending, increase taxes or both. That difficulty has been well-illustrated recently in Greece and Portugal, with strikes and protests as citizens march in the streets to oppose tough austerity measures that directly reduce entitlements and state benefits.
“Growth alone will not resolve an increasingly complicated debt equation,” Moody’s said. “Preserving debt affordability” — the ratio of interest payments to government revenue — “at levels consistent with Aaa ratings will invariably require fiscal adjustments of a magnitude that, in some cases, will test social cohesion.” The United States, Britain, France and Germany have always been rated triple-A by Moody’s, with the United States first rated in 1949.
Moody?s Warns U.S. Debt Could Test Triple-A Rating - NYTimes.com
will test social cohesion
What does that look like?
By DAVID JOLLY and CATHERINE RAMPELL
Published: March 15, 2010
The gold-plated credit rating of the United States — an article of faith across America and, indeed, around the world — may be at risk in coming years as the nation copes with its growing debts.
That sobering assessment, issued Monday by Moody’s Investors Service, provided a reminder that even Aaa-rated United States Treasury bonds, supposedly the safest of safe investments, could be downgraded one day if Washington failed to manage the federal debt.
Moody’s said the United States and other major Western nations, particularly Britain, have moved “substantially” closer to losing their gilt-edged ratings. The ratings are “stable,” but “their ‘distance-to-downgrade’ has in all cases substantially diminished,” the credit ratings agency said.
A downgrade would affect more than American pride. The bigger risk would be to the country’s ability to keep borrowing money on extremely favorable terms, and therefore to keep spending more money than it takes in from tax revenue.
A credit rating lets lenders and investors know how likely it is that a borrower can pay back a loan. A sterling rating means there is little for lenders to worry about. A lower one typically results in bond investors demanding higher interest rates on debt.
Those higher rates, in turn, add to the country’s overall debt burden and can force the government to reduce spending, increase taxes or both. That difficulty has been well-illustrated recently in Greece and Portugal, with strikes and protests as citizens march in the streets to oppose tough austerity measures that directly reduce entitlements and state benefits.
“Growth alone will not resolve an increasingly complicated debt equation,” Moody’s said. “Preserving debt affordability” — the ratio of interest payments to government revenue — “at levels consistent with Aaa ratings will invariably require fiscal adjustments of a magnitude that, in some cases, will test social cohesion.” The United States, Britain, France and Germany have always been rated triple-A by Moody’s, with the United States first rated in 1949.
Moody?s Warns U.S. Debt Could Test Triple-A Rating - NYTimes.com
will test social cohesion
What does that look like?
- Thread starter
- #66
The USSR had
The Belavezha Accords (Russian: Беловежские соглашения, Belarusian: Белавежскія пагадненьні
is the agreement which declared the Soviet Union effectively dissolved and established the Commonwealth of Independent States in its place.
It was signed at the state dacha near Viskuli in Belovezhskaya Pushcha on December 8, 1991, by the leaders of Belarus, Russia (Russian SFSR), and Ukraine. Glenn Beck referred to it at 5:12 PM ET on his Fox News Channel broadcast on March 18, 2010, as a gathering of leaders who realized what was coming, and which fundamentally transformed the Soviet Union into the Russian Federation and other former Soviet Republics.
What Does the USA have?
The Belavezha Accords (Russian: Беловежские соглашения, Belarusian: Белавежскія пагадненьні
is the agreement which declared the Soviet Union effectively dissolved and established the Commonwealth of Independent States in its place.It was signed at the state dacha near Viskuli in Belovezhskaya Pushcha on December 8, 1991, by the leaders of Belarus, Russia (Russian SFSR), and Ukraine. Glenn Beck referred to it at 5:12 PM ET on his Fox News Channel broadcast on March 18, 2010, as a gathering of leaders who realized what was coming, and which fundamentally transformed the Soviet Union into the Russian Federation and other former Soviet Republics.
What Does the USA have?
oreo
Gold Member
Well, we can all make a run for the borders. If this country goes bankrupt--it will be Mexico building fences to keep Americans out--
- Thread starter
- #68
Ill be they can get one up in a week.
Well, we can all make a run for the borders. If this country goes bankrupt--it will be Mexico building fences to keep Americans out--
- Banned
- #69
Once the country becomes bankrupt nothing much changes - Dictatorship simply becomes official.
Instead of labeling people domestic terrorists for reading the constitution and shipping them to guantanamo they are simply shot in the face in broad daylight for the crime of forming a group of more than 2 persons.
The very same people will be in power after collapse as are in power now. The middle man between them and you may relocate from the white house to pentagon however.
Illegal weapon possession will be redefined from carrying a concealed gun to having a plastic butter knife in a security safe at home. The penalty will be upgraded form prison time to being burned alive in your house along with your entire family.
your neighbors and people who you talked to online will meanwhile get 20 years of hard labor.
Instead of labeling people domestic terrorists for reading the constitution and shipping them to guantanamo they are simply shot in the face in broad daylight for the crime of forming a group of more than 2 persons.
The very same people will be in power after collapse as are in power now. The middle man between them and you may relocate from the white house to pentagon however.
Illegal weapon possession will be redefined from carrying a concealed gun to having a plastic butter knife in a security safe at home. The penalty will be upgraded form prison time to being burned alive in your house along with your entire family.
your neighbors and people who you talked to online will meanwhile get 20 years of hard labor.
Last edited:
86DuDE
Here To Please
The obvious answer is to start a new war!
- Moderator
- #71
Start praying and plant a garden full of fruits and vegetables.
At least if you have hope to live.
At least if you have hope to live.
- Moderator
- #72
I agree with all but one point: We haven't seen the Conclusion yet. And it ain't going to be pretty.
Xenophon
Gone and forgotten
It either gets taken over from the outside or a new type of government takes over, after violently removing the current gov.
The debt picture will likely mean the gradual erosion of the quality of life for most of us.
Not a dramatic as I think some of you expect things to be, but in the long run just as destructive.
Now this debt problem has been growing for quite some time.
This latest bankers depression is exacerbating a problem that was already leading us down this road, anyway.
Empires and the militaries to maintain them, are expensive, folks.
Creating, and then having to maintain an UNDERCLASS of no longer needed workers, ALSO expensive (thank you free traitors)
Our empire, a creature of the corporate state, is about to end...not abruptly, I think, but inevitably.
Not a dramatic as I think some of you expect things to be, but in the long run just as destructive.
Now this debt problem has been growing for quite some time.
This latest bankers depression is exacerbating a problem that was already leading us down this road, anyway.
Empires and the militaries to maintain them, are expensive, folks.
Creating, and then having to maintain an UNDERCLASS of no longer needed workers, ALSO expensive (thank you free traitors)
Our empire, a creature of the corporate state, is about to end...not abruptly, I think, but inevitably.
Last edited:
- Thread starter
- #76
Im a normal walking around person who knows there is only so much debt any entity can carry before it implodes, this is something history teaches .
Something you will never understand.
http://www.usmessageboard.com/2045439-post10.html
VaYank5150
Gold Member
I guess it's a damn good thing that our police actions in Iraq hasn't caused us any debt then, huh?
NYcarbineer
Diamond Member
If the country goes bankrupt, it will be revived when a new charismatic leader of a new movement emerges,
who will inspire a new patriotism built around blaming all of the country's ills on minorities, foreigners, internationalists, and
the liberal media.
who will inspire a new patriotism built around blaming all of the country's ills on minorities, foreigners, internationalists, and
the liberal media.
RodISHI
Platinum Member
- Nov 29, 2008
- 25,786
- 11,302
- 940
Are you looking forward to this?
- Thread starter
- #80
She is working out the kinks of being the cause and the victim and the oppressive regime, its complicated .
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