What will happen when the US goes completely bankrupt??

Strang to me too. I don't get it. Is he posting or is Cloud City?

Justin and me both post here- like last night but , I'm not sure what to make of the posts from Obama Santa.

Doesn't matter. All off topic anyway.
Dead thread.
 

Big P

Well-Known Member
Strang to me too. I don't get it. Is he posting or is Cloud City?

Justin and me both post here- like last night but , I'm not sure what to make of the posts from Obama Santa.

Doesn't matter. All off topic anyway.
Dead thread.

off topic or not your nuts heaven:bigjoint: you and your "other" personality:shock:

j/k

so riddle me this how can you believe in the story of christ and yet still be so aware of your governments lies & propeganda at the same time, all the while you belive in a childish story about jesus, god, heavan & earth?:-P

you say you studied everything and thats how you know about our horrbile government

but did you bother studing the facts behind christianity and its falshoods / myths?




 

Dfunk

Well-Known Member
The corporation known as The United States is, has been, & will continue to be bankrupt...so the question is null & void.
 

Big P

Well-Known Member
next november children the dollar becomes a powerhouse again


get rid of the cancer and all we need to do is recover,



cancer will be removed next year, vote out every single liberal and put in any other party that is not a traiter to thier bosses who are us


these fucking emplyees of ours are totally beyond 2000


they will pay for thier insolence


i wish i could back hand every single one of them except for the president

as a true patriot I will wait until his last day in office to bitch slap him and send him back to chi town with a whistle when he speaks cuz he gonna be missin teeth:bigjoint:


send his toothless communist ass back to the sewer where he must have come from:bigjoint:


big ups to the first daughters tho, they are cute little kids.

when obama aint preso anymore we can kick it together. but until then, im paciently waiting for him to become a toothless bitch.:bigjoint:
 

CrackerJax

New Member
Yes, I am in hover mode right now...as are alot of folks. One of the problems for liberals...lots of us with $$$$ aren't playing along. We don't have to yah know.....
 

Big P

Well-Known Member
Yes, I am in hover mode right now...as are alot of folks. One of the problems for liberals...lots of us with $$$$ aren't playing along. We don't have to yah know.....


man o man they really need to make these guys firable at anytime if you can get enough signatures to have a vote in your state,


those fucks,


remeber what barbra boxer said to that general, she was like excuse me!!! its senater boxer!!! all bitchy like

i cant wait till that bitch is nothing more than a washed up old hag of a tramp civillian, we must make sure we toss her filthy ass out too

i didnt see her giving 2 shits when everyone and thier momma was calling our president Mr. Bush instead of his title.

what a stuck up whore.


im bringing an army with me to the ballot box next year at least 20 people with me to help me shovel this shit outa our government


then we are going to need to disinfect the whole place every 4 min to get anything good done around here



id like to see who will come out to vote in thier favour after they have been getting plugged in the ass all this time by these caniving vultures.

only gimps will vote democrate next year, gimps and people who are against america. whether they know it or not, we cant make you unstupid


although we try oh do we try:wall:
 

True Stoner

Active Member
The Luminatti will take over and the New World Order will come into play and people will be sent to the FEMa camps!! This all will unfold on Dec. 21 2012 as thats when they say the world will come to an end!! I dont believe it but hey it is what it is!!!
 

First Time Growin

Active Member
You can never pay off the Federal Debt, they never created the interest so it can never be paid back in full, all you can do is pay off the principal, but if you did that there would not be a single dollar for anyone to use anywhere in the world.

For the most part money is just a symbol on a piece of paper, unless you spend it on some asset its not worth anything.
No one said it better then you.

Here is an excellent video which explains how 80% of the worlds money is actually DEBT and does NOT EXIST!

It is a 5 part video.

http://www.youtube.com/watch?v=mIIAvdJvCes

P.S.

For all you lazy stoners, the first 2 minutes is reading but after that it's all narrated.

sit back and enjoy :)
 

laughingduck

Well-Known Member
we are in debt equal to one years income. If the goverment liberal controlled everything, could set their grand ideas aside we could pay it back painlessly in about ten years. It would require lowering taxes and getting off of this nanny state shit. just my two cents.
 

CrackerJax

New Member
I believe the figure is closer to 250k per person. That's every person now.... Every man woman child.

Every family of four is 1 million $$$
 

CrackerJax

New Member
The Coming Deficit Disaster

The president says he understands the urgency of our fiscal crisis, but his policies are the equivalent of steering the economy toward an iceberg.

By DOUGLAS HOLTZ-EAKIN

President Barack Obama took office promising to lead from the center and solve big problems. He has exerted enormous political energy attempting to reform the nation's health-care system. But the biggest economic problem facing the nation is not health care. It's the deficit. Recently, the White House signaled that it will get serious about reducing the deficit next year—after it locks into place massive new health-care entitlements. This is a recipe for disaster, as it will create a new appetite for increased spending and yet another powerful interest group to oppose deficit-reduction measures.
Our fiscal situation has deteriorated rapidly in just the past few years. The federal government ran a 2009 deficit of $1.4 trillion—the highest since World War II—as spending reached nearly 25% of GDP and total revenues fell below 15% of GDP. Shortfalls like these have not been seen in more than 50 years.
Going forward, there is no relief in sight, as spending far outpaces revenues and the federal budget is projected to be in enormous deficit every year. Our national debt is projected to stand at $17.1 trillion 10 years from now, or over $50,000 per American. By 2019, according to the Congressional Budget Office's (CBO) analysis of the president's budget, the budget deficit will still be roughly $1 trillion, even though the economic situation will have improved and revenues will be above historical norms.
The planned deficits will have destructive consequences for both fairness and economic growth. They will force upon our children and grandchildren the bill for our overconsumption. Federal deficits will crowd out domestic investment in physical capital, human capital, and technologies that increase potential GDP and the standard of living. Financing deficits could crowd out exports and harm our international competitiveness, as we can already see happening with the large borrowing we are doing from competitors like China.
At what point, some financial analysts ask, do rating agencies downgrade the United States? When do lenders price additional risk to federal borrowing, leading to a damaging spike in interest rates? How quickly will international investors flee the dollar for a new reserve currency? And how will the resulting higher interest rates, diminished dollar, higher inflation, and economic distress manifest itself? Given the president's recent reception in China—friendly but fruitless—these answers may come sooner than any of us would like.
Mr. Obama and his advisers say they understand these concerns, but the administration's policy choices are the equivalent of steering the economy toward an iceberg. Perhaps the most vivid example of sending the wrong message to international capital markets are the health-care reform bills—one that passed the House earlier this month and another under consideration in the Senate. Whatever their good intentions, they have too many flaws to be defensible.
First and foremost, neither bends the health-cost curve downward. The CBO found that the House bill fails to reduce the pace of health-care spending growth. An audit of the bill by Richard Foster, chief actuary for the Centers for Medicare and Medicaid Services, found that the pace of national health-care spending will increase by 2.1% over 10 years, or by about $750 billion. Senate Majority Leader Harry Reid's bill grows just as fast as the House version. In this way, the bills betray the basic promise of health-care reform: providing quality care at lower cost.
Second, each bill sets up a new entitlement program that grows at 8% annually as far as the eye can see—faster than the economy will grow, faster than tax revenues will grow, and just as fast as the already-broken Medicare and Medicaid programs. They also create a second new entitlement program, a federally run, long-term-care insurance plan.
Finally, the bills are fiscally dishonest, using every budget gimmick and trick in the book: Leave out inconvenient spending, back-load spending to disguise the true scale, front-load tax revenues, let inflation push up tax revenues, promise spending cuts to doctors and hospitals that have no record of materializing, and so on.
If there really are savings to be found in Medicare, those savings should be directed toward deficit reduction and preserving Medicare, not to financing huge new entitlement programs. Getting long-term budgets under control is hard enough today. The job will be nearly impossible with a slew of new entitlements in place.
In short, any combination of what is moving through Congress is economically dangerous and invites the rapid acceleration of a debt crisis. It is a dramatic statement to financial markets that the federal government does not understand that it must get its fiscal house in order.
What to do? The best option would be for the president to halt Congress's rush to fiscal suicide, and refocus on slowing the dangerous growth in Social Security, Medicare and Medicaid. He should call on Congress to pass a comprehensive reform of our income and payroll tax systems that would generate revenue sufficient to fund its spending desires in a pro-growth and fair fashion.
Reducing entitlement spending and closing tax loopholes to create a fairer tax system with more balanced revenues is politically difficult and requires sacrifice. But we will avert a potentially devastating credit crisis, increase national savings, drive productivity and wage growth, and enhance our international competitiveness.
The time to worry about the deficit is not next year, but now. There is no time to waste.



===================================================================


It's the economy stupid .. isn't that what they told GB?


Well Mr. Obama ... it's the economy stupid. Not another entitlement program. DUH.....


Spending when we should be reducing our debt load.



Mr. Obama must certainly be a super genius.
 
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