Would you? Could you?

[Centrism'sVoice]

We're on a collision course with government insolvency, and Obama has his foot on the gas pedal, like all of his predecessors.

Government insolvency will never happen. Period. I would happily stake my own or anyone else's life on that statement. The world's financiers are well aware that such a scenario would be too destabilizing, and they will change as many rules of the system as needed to prevent it.

 

[eagleseven]

We're on a collision course with government insolvency, and Obama has his foot on the gas pedal, like all of his predecessors.

Government insolvency will never happen. Period. I would happily stake my own or anyone else's life on that statement. The world's financiers are well aware that such a scenario would be too destabilizing, and they will change as many rules of the system as needed to prevent it.

You are erroneously assuming that the world has an unlimited supply of wealth.

World GDP: $55 trillion

US Unfunded Liability: $70 trillion


Let that sink in.


Now, there IS a way our government can solve this problem without government collapse.

How?

Pull a Wiemar Republic and induce hyperinflation. A $70 trillion liability is nothing when a hamburger costs $100 and the minimum wage is $250 an hour. Of course, hyperinflation comes with its own set of risks any student of economics and/or history could tell you. Not to mention it would wreck the world economy, as the US dollar is the international monetary standard.

Ideally, you would induce hyperinflation, use the worthless dollars to pay off the debt, and then have a "currency reset" where you burn all current dollars and re-print new ones. Oh, and pray that the combination of angry creditors and global depression doesn't induce World War Three.

The Chinese government is deathly afraid of American inflation for this very reason...

 

[Centrism'sVoice]

We're on a collision course with government insolvency, and Obama has his foot on the gas pedal, like all of his predecessors.

Government insolvency will never happen. Period. I would happily stake my own or anyone else's life on that statement. The world's financiers are well aware that such a scenario would be too destabilizing, and they will change as many rules of the system as needed to prevent it.

You are assuming that the world has an unlimited supply of wealth.

World GDP: $55 trillion

US Unfunded Liability: $70 trillion


Let that sink in.


Now, there IS a way our government can solve this problem without government collapse.

How?

Pull a Wiemar Republic and induce hyperinflation. A $70 trillion liability is nothing when a hamburger costs $100 and the minimum wage is $250 an hour. Of course, hyperinflation comes with its own set of risks any student of economics and/or history could tell you.

And you are oversimplifying. Grossly. You seem to think that GDPs never grow and that debts get completely called in all at once.

There are hundreds, if not thousands, of tools that the global financial crowd has at its disposal, the simplest of which is that debts get forgiven all the time.

 

[eagleseven]

Now, you can deny all these realities, throw up your hands, and declare "We are Americans! We are invincible!"

But if you learned anything since last September, I hope it would be that there is nothing sacred about our existence. We are not immune to the problems plaguing the rest of the world simply because "We are America! We are the biggest, baddest, and richest!"

Remember how McCain's advisors were saying this was a "Mental Recession" last summer and that everything was just peachy? Denial isn't healthy.

 

[eagleseven]

Government insolvency will never happen. Period. I would happily stake my own or anyone else's life on that statement. The world's financiers are well aware that such a scenario would be too destabilizing, and they will change as many rules of the system as needed to prevent it.

You are assuming that the world has an unlimited supply of wealth.

World GDP: $55 trillion

US Unfunded Liability: $70 trillion


Let that sink in.


Now, there IS a way our government can solve this problem without government collapse.

How?

Pull a Wiemar Republic and induce hyperinflation. A $70 trillion liability is nothing when a hamburger costs $100 and the minimum wage is $250 an hour. Of course, hyperinflation comes with its own set of risks any student of economics and/or history could tell you.

And you are oversimplifying. Grossly. You seem to think that GDPs never grow and that debts get completely called in all at once.

There are hundreds, if not thousands, of tools that the global financial crowd has at its disposal, the simplest of which is that debts get forgiven all the time.

GDPs grow. US Government liabilities grow faster than GDP. Until this stops, all the tools in the world will not rectify the situation.

And you don't seem to understand the nature of these liabilities. For our "unfunded liabilities" to be "forgiven," it would require every senior citizen on Social Security to give back their checks. It would require every person on Medicare to reject all treatment. It would require that federal employees give up their pensions.

That's not going to happen without a fight.

And it would require entire economies to collapse. We're not some 3rd world country who's debt is a drop in the bucket, easily forgotten. The growth of our liabilities dwarf the growth in world GDP.

This has to stop.

 

[Centrism'sVoice]

Now, you can deny all these realities, throw up your hands, and declare "We are Americans! We are invincible!"

But if you learned anything since last September, I hope it would be that there is nothing sacred about our existence. We are not immune to the problems plaguing the rest of the world simply because "We are America! We are the biggest, baddest, and richest!"

I've denied nothing, eagle. We are indeed not immune to the problems plaguing the rest of the world, nor have we ever been or ever will be. Nor am I claiming that a $70T debt isn't going to be a major issue for a long time, or without social impact. Nevertheless, the US as we know it is not at the brink of extinction or anarchy, so you can put away the potassium cyanide.

 

[chanel]

The "poor" are the most generous givers? I guess its easy to give other people's money away.

We give thousands to charity every year. But ten fold in taxes for the "poor"

If Obama takes away the charitable contribution deduction for the "rich" it will destroy those organizations.

 

[chanel]

Oh and I didn't vote for Obama and all O supporters I know have been scratched from my Christmas list next year.

 

[eagleseven]

Now, you can deny all these realities, throw up your hands, and declare "We are Americans! We are invincible!"

But if you learned anything since last September, I hope it would be that there is nothing sacred about our existence. We are not immune to the problems plaguing the rest of the world simply because "We are America! We are the biggest, baddest, and richest!"

I've denied nothing, eagle. We are indeed not immune to the problems plaguing the rest of the world, nor have we ever been or ever will be. Nor am I claiming that a $70T debt isn't going to be a major issue for a long time, or without social impact. Nevertheless, the US as we know it is not at the brink of extinction or anarchy, so you can put away the potassium cyanide.

If you understand this, how can you be in favor of the massive expansion of federal deficits into the foreseeable future? Why aren't you outraged that Obama is not only ignoring the problem, but growing it?

And if you don't believe Civil Unrest could ever occur here, look to the Minority riots in France over the past few years. Even with all of France's safety nets, economic hardship combined with ethnic tensions erupted into mass violence. Imagine what would happen here if all our safety nets vanished overnight?

Remember? This is no joke, nor am I a shock jock. These are all possible consequences of our current action and inaction.

 

[007]

i voted for him and i would vote for him again, it takes a massive effort to clean up the mess left by the prior administration, our healthcare is messed up and we finally have somebody who is trying to do something about it.

Yeah, it takes a massive effort to destroy a capitalist economy and turn it into a socialist one in under a year, so you lazy, give me something for nothing, welfare, hand out loving, commies can survive.

If you love the government taking care of every aspect of your life from womb to tomb, why don't you move to China, or North Korea? I hear that's what they do there. I'm sure you'd love it. You'd never have to think or work again.

 

[Lonestar_logic]

You know, Navy, I've heard this statement a great many times, and the question I now come back with is: all right, you're a citizen who is fortunate enough to have met all his needs and satisfied many of his wants. Are you willing to allow another citizen who's down on his luck to stay in your home until he gets back on his feet?

If not, the only way to avoid hypocrisy is to have an organization that makes sure it happens. Churches and such may try, but even they can't make sure (they have no authority to pool resources the way government does).

And you're full of shit, as usual. The American private citizens gave 1.78 billion dollars in relief when a terrible tsunami hit Asia. This giving was above and beyond what the United States Government gave in aid.

In a few short months after the devastating Asian tsunami a major earthquake hit Pakistan causing great devastation there. The American people stepped up and gave 78 million dollars to aid the suffering there.

When America's own coastal areas got hit with hurricanes our people began sending in needed funds for rebuilding and relief. When hurricane's Katrina and Rita hit our shores, Americans responded and gave 3.12 billion dollars and relief efforts are still underway today.

The generosity of Americans shines through year after year in their willingness to give in big needs and in little needs. Americans donate an estimated one-quarter of a trillion dollars to charities such as the American Red Cross, The Salvation Army and The American Cancer Society. This is in addition to what they give through their places of worship.

Americans are the most charitable people in the world. And the poor are the most generous givers.

None of which has anything to do with the point I made.

You're saying the govt. can better manage our money. And I say your full of shit!!

 

[Big Black Dog]

Yeah, it takes a massive effort to destroy a capitalist economy and turn it into a socialist one in under a year, so you lazy, give me something for nothing, welfare, hand out loving, commies can survive.

If you love the government taking care of every aspect of your life from womb to tomb, why don't you move to China, or North Korea? I hear that's what they do there. I'm sure you'd love it. You'd never have to think or work again.

Careful, Pale Rider. You'll get these liberal assholes angry and they will start batting their eyes like a toad in a hail storm. Next thing you know, they'll say it was all Bush's fault that Obama has to spend trillions and trillions of dollars within 7 months of taking office. Let's all hold hands and sing Kumbya.

 

[Centrism'sVoice]

If you understand this, how can you be in favor of the massive expansion of federal deficits into the foreseeable future?

Simple answer: I'm not.

Why aren't you outraged that Obama is not only ignoring the problem, but growing it?

That particular problem is not the one to be worrying about when the economy's in the toilet. Ask me again when the market picks up.

And if you don't believe Civil Unrest could ever occur here, look to the Minority riots in France over the past few years. Even with all of France's safety nets, economic hardship combined with ethnic tensions erupted into mass violence. Imagine what would happen here if all our safety nets vanished overnight?

They won't vanish overnight; they'll continue to erode slowly over many years as they've been doing. It's the "frog in boiling water" prinicple.

 

[Centrism'sVoice]

You're saying the govt. can better manage our money. And I say your full of shit!!

Strike two.

 

[Centrism'sVoice]

Oh and I didn't vote for Obama and all O supporters I know have been scratched from my Christmas list next year.

What will I ever do without a Christmas card from Chanel?

 

[Annie]

Obviously missing: I didn't vote for Obama.

Agreed: people who didn't vote for him are obviously missing something.

Indeed, the naive factor.

 

[Centrism'sVoice]

Obviously missing: I didn't vote for Obama.

Agreed: people who didn't vote for him are obviously missing something.

I see I'm going to have to clarify for the partisans what I meant by "something."

Ever heard the phrase "a few bricks short of a load?" That's what they're missing.

 

[chanel]

Oh and I didn't vote for Obama and all O supporters I know have been scratched from my Christmas list next year.

What will I ever do without a Christmas card from Chanel?

It won't matter Centrism. I heard he's outlawing Christmas. Something about Kwanzaa or Ramadan.

 

[Centrism'sVoice]

Oh and I didn't vote for Obama and all O supporters I know have been scratched from my Christmas list next year.

What will I ever do without a Christmas card from Chanel?

It won't matter Centrism. I heard he's outlawing Christmas. Something about Kwanzaa or Ramadan.

Fine with me, as long as I still get my beach house on Kauai.

 

[PLYMCO_PILGRIM]

Obviously missing: I didn't vote for Obama.

Agreed: people who didn't vote for him are obviously missing something.

I see I'm going to have to clarify for the partisans what I meant by "something."

Ever heard the phrase "a few bricks short of a load?" That's what they're missing.

You dont sound very centrist with these posts your making. .

A centrist would say that voting for obama or mccain were both bad decisions as both are typical lying politicians who have their own self interests at heart.

Centrists support non-party canidates as centrists know that both parties politicians are a bunch of non-representing representative windbags.

Just saying