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The US Government is Broke, It is Fact.

 
Anonymous Coward
User ID: 1179279
United States
02/05/2011 08:17 AM
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Re: The US Government is Broke, It is Fact.
i dont think they are going to raise the debt ceiling this time
Anonymous Coward
User ID: 1121444
United States
02/05/2011 08:23 AM
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Re: The US Government is Broke, It is Fact.
i dont think they are going to raise the debt ceiling this time
 Quoting: Anonymous Coward 1179279

Get Real.. You KNOW Those Assholes WILL! Gotta pay those TSA Losers.. if they don't work for the TSA Where Else they gonna go? Home Depo? Wal-Mart?
Anonymous Coward
User ID: 1256800
China
02/05/2011 08:24 AM
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Re: The US Government is Broke, It is Fact.
Of course it's broke. Not only that, this whole raising of the debt ceiling thing is meaningless. Even if the Congress don't go along with it, they'll do it anyway, as the Constitution don't mean jacksquat anymore, not to mention any sort of repayment plausibility. An Executive Order would be swiftly whipped out for an "Emergency Solvency Act" or some shit like that. The system is most definitely collapsing, and who gives a crap which direction it lurches, or whether it hangs on a stubborn beam for a few seconds longer, before it face-plants ignominiously in a confetti-storm of FRN's.

I'll wait it out over here until the American people get rocked out of their consumerist denial, and friggin' do something during the aftermath. I've finally learned and accepted that John and Jane Q. Public will totally tune out unpleasant facts until their particular train seats impact the brick wall across the tracks.
RogueA007

User ID: 1256769
United States
02/05/2011 08:25 AM
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Re: The US Government is Broke, It is Fact.
i dont think they are going to raise the debt ceiling this time
 Quoting: Anonymous Coward 1179279


If they do, our bonds rating will get kicked down a notch (by an agency that cooks books anyways), and our economy will hobble along until we get to the point of inflation making people wake up and take notice of how much crud we are in.

If we don't, SUDDENLY all these government resources will be unable to fund themselves, and will hit many sectors. Causing people to wake up NOW.

Yeah, um...which one sounds more likely for the "safety" of our nation?
Anonymous Coward
User ID: 1256796
United States
02/05/2011 08:26 AM
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Re: The US Government is Broke, It is Fact.
And yet, I continue to get my healthy government checks...Jellus Much?
 Quoting: Anonymous Coward 1213083


When they have to choose between paying the armed thugs, and paying the useless eaters, who do you think is going to get the money.
Controlled demolition
User ID: 1256708
Italy
02/05/2011 08:29 AM
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Re: The US Government is Broke, It is Fact.
Add together all the money spent on the wars to all the money printed to bail out the banks and divide it up by the number of citizens and you would have sorted out all the problems that the US has.
There never was an excuse for poverty and inequality and there is no excuse for this depression.
I do not know why they are doing this but I suspect it has something to do with years of promoting brain dead people to positions of power.
This was planned by somebody with a sick disposition.
But anyways I can not say that the yanks don't deserve a bit of their own medicine.
Anonymous Coward
User ID: 1084634
United States
02/05/2011 08:36 AM
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Re: The US Government is Broke, It is Fact.
Money is only a concept, military power is real. As long as americans are immoral enough to kill and steal what they want america won't be broke.
Anonymous Coward
User ID: 1121444
United States
02/05/2011 08:43 AM
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Re: The US Government is Broke, It is Fact.
Money is only a concept, military power is real. As long as americans are immoral enough to kill and steal what they want america won't be broke.
 Quoting: Anonymous Coward 1084634

Wrong.. China has been Kicking our Ass's for a While now.. Why do you think Obuma was Kissing that little Hu guy's Ass so Much recently?
Nailer45 (OP)

User ID: 1256729
United States
02/05/2011 08:43 AM
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Re: The US Government is Broke, It is Fact.
Add together all the money spent on the wars to all the money printed to bail out the banks and divide it up by the number of citizens and you would have sorted out all the problems that the US has.
There never was an excuse for poverty and inequality and there is no excuse for this depression.
I do not know why they are doing this but I suspect it has something to do with years of promoting brain dead people to positions of power.
This was planned by somebody with a sick disposition.
But anyways I can not say that the yanks don't deserve a bit of their own medicine.
 Quoting: Controlled demolition 1256708


[link to www.usdebtclock.org]

social security liability $14 Trillion and rising.
prescription drug libility $19 Trillion and rising.
Medicare Liability $77 Trillion and rising.
US Unfunded liabilities $112 Trillion and rising.

add up the 4 liabilties on the bottom of the page and you get a cost of $1,014,888 per TAXPAYER / not per citizen.

there are 110,777,415 working taxpayers in the USA out of a population of 312,013,161 and if you say 1/3 is children then that leaves 1/3 doing nothing.


Our Government at work spending TRILLIONS we do not have on WAR and entitlement programs and pet projects.

it only means one thing " HIGHER TAXES " for the working people.

Last Edited by Nailer45 on 02/05/2011 08:49 AM
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
Nailer45 (OP)

User ID: 1256729
United States
02/05/2011 08:53 AM
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Re: The US Government is Broke, It is Fact.
These Debts that the Government has allowed to grow so huge will never be able to be paid off .

Our great great great grandchildren will see national debt of quadrillions and think it is small if the Government spending and foreign aid programs are not halted.


If you cut off all foreign monetary aid it would save the US Trillions per yr.

How much has been spent on Haiti? Send them a $ Bill $ for it.
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
Anonymous Coward
User ID: 649932
United States
02/05/2011 09:11 AM
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Re: The US Government is Broke, It is Fact.
Not to worry - everything will be AOK when they seize all the 401k's - right?
Anonymous Coward
User ID: 1209397
United States
02/05/2011 09:23 AM
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Re: The US Government is Broke, It is Fact.
The hole they have dug is too deep to get out of so they want to keep digging? Sounds like our officials.

I say no, stop now. Let it fall into the dirt, throw them out and let's start over. If we can't we will just sit in the ruins of a country that has been destroyed by greed, corruption, etc.
Anonymous Coward
User ID: 1213083
United States
02/05/2011 09:30 AM
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Re: The US Government is Broke, It is Fact.
The hole they have dug is too deep to get out of so they want to keep digging? Sounds like our officials.

I say no, stop now. Let it fall into the dirt, throw them out and let's start over. If we can't we will just sit in the ruins of a country that has been destroyed by greed, corruption, etc.
 Quoting: Anonymous Coward 1209397


I understand what you're saying, but I believe it's too late. America can't be repaired, too much damage has been done.
reader1
User ID: 1221664
United States
02/05/2011 09:38 AM
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Re: The US Government is Broke, It is Fact.
To Print or not to Print,

RogueA007: right on the Money.

"If they do" continue to print money this will cause a
Hyperinflationary depression. I believe this is what the
government will do. They will destroy the middle class
by collapsing the dollar and wiping out the savings (401K's,
IRA's). more acceptable for the socialist, including the poor.

"If they don't" print more money this will cause a
deflationary depression, this is not going to happen, they
will have to cut the entitlements massively and would be
political suicide.

Either way your A....S is already on the line, the question

is, What are you going to do about it ?
Nam Marine
User ID: 1170522
United States
02/05/2011 10:50 AM
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Re: The US Government is Broke, It is Fact.
IT'S "MARSHALL" LAW AND DON'T WE ALL WANT TO JUST
"WALK LIKE AN EGYPTIAN"?


tomato
Nailer45 (OP)

User ID: 1256729
United States
02/05/2011 03:00 PM
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Re: The US Government is Broke, It is Fact.
IT'S "MARSHALL" LAW AND DON'T WE ALL WANT TO JUST
"WALK LIKE AN EGYPTIAN"?


tomato
 Quoting: Nam Marine 1170522



most American just bow down to their master Government and take it up the poop chute.

It is time to change that .
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
Nailer45 (OP)

User ID: 1256729
United States
02/05/2011 03:04 PM
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Re: The US Government is Broke, It is Fact.
I have the solution:

I am NOT responsible for this debt. You here reading this are probably NOT responsible for this debt. So who is responsible for this debt ?

1. Politicians
2. Banking Elite
3. WallStreet Elite

I say just default on all this debt to China and hand over all the Politicians, Bankers and Wall Street looters to China. Let China put them in prison
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
Anonymous Coward
User ID: 1187840
United States
02/05/2011 03:06 PM
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Re: The US Government is Broke, It is Fact.
Broke isn't the best word to describe it. Broke means no money. US is trillions in debt. It's beyond broke. It's a corpse long since dead. There is no way out. The elites know this. That's why they are looting everything they can can get their hands on. When they are finished they will default the government. It's a given.
Nailer45 (OP)

User ID: 1256729
United States
02/05/2011 03:19 PM
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Re: The US Government is Broke, It is Fact.
I found this as a great way to teach people about the federal reserve and the economy.



Here’s how that lie is being morphed into the apparent economic recovery and becoming amplified and broadcast to the erstwhile anesthetized American public:

1. The U.S. Federal Reserve and the United States Treasury, effectively two departments within the administration of the national fiscal management branch of the government, fabricate, out of thin air, trillions of U.S. Dollars, and then give them to the nations biggest financial institutions.

2. These institutions then take these counterfeit dollars, and inject them into commodities markets by establishing hundreds of thousands of derivative contracts both long (betting the future prices rises) and short (betting the future price falls). The losses are rolled over into new contracts, and the wins cashed in and the contracts rolled up. With no position limits, no transparency, and no rules, the recycled losses build and build and build and now sit at some $600 trillion??

3. The money fabricated from nothing becomes more money fabricated from nothing in the form of profits. The profits are reported as earnings (fabricated from nothing) generating positive numbers in the stock market (that mean nothing). All this in an effort to confuse you, the consumer, investor, and saver, into continuously working to generate real wages increasingly worth nothing thanks to this system, and abiding the law while they use your delusion to concentrate control of the world’s assets into ever narrower and centralized control.

Lets put it another way. Lets say, you work for me, and I pay you in popcorn, which you can use to trade for things like rice and corn and steak and cheerios and gas, because the popcorn has been accepted as a medium of trade, thanks to the stupendous marketing efforts of the central popcorn bank and the popcorn treasury, for over a century. Popcorn used to represent a certain amount of gold or silver or both but that system was just too dumb and didn’t make sense and so now popcorn just represents popcorn. Its easy to pop, and everybody likes it.

But suddenly, one day, I start paying you less popcorn, and at the same time, it takes more popcorn to buy the staples of life. Your family’s economy crumbles, and suddenly your son can’t go to soccer games (cause that takes popcorn and everybody knows, popcorn doesn’t just grow on trees), and little Tina can’t go to ballet, cause that takes more popcorn, and all the while, on TV and on the movies, everybody has all the popcorn in the world and they’re all dressed well and healthy and beautiful, and in the news, the popcorn economy is improving. Popcorn, it would seem, is the be-all and end-all of life. But popcorn can’t buy happiness, can it?

Suddenly, the popcorn fed and popcorn treasury announce that hey!. We’re just gonna pop more popcorn, cause that’s what we need. So the popcorn goes into the economy from the popcorn bowls at the top of the food chain, and suddenly there’s streets being paved, and new signs going up, and it starts to look and feel like things are gonna be okay, because the popcorn market, coincidentally is showing that certain sectors of the NYPE (New York Popcorn Exchange) are improving in earnings, and that’s driving the NYPE higher.

Popcorn is buying incrementally less, but there seems to be so much popcorn around…just that you can’t really seem to get your hands on any. But they keep popping popcorn, but more and more of your friends are finding they’re popcorn salaries aren’t cutting the mustard and they’re being turfed out onto the street.

Popcorn popcorn everywhere. Golly. Why then, with all this popcorn around, are things going so sideways on the real world spreadsheet groaning under the increasing weight of the national debt?

More at link

[link to www.pinnacledigest.com]
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
Anonymous Coward
User ID: 348319
Canada
02/05/2011 03:54 PM
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Re: The US Government is Broke, It is Fact.
Attack with the same weapons. Stop paying your taxes, stop paying your debt slave mortgages.

Has to be a popular boycott.
Stu

User ID: 1134640
United States
02/05/2011 04:15 PM

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Re: The US Government is Broke, It is Fact.
this years deficit is $ 1.5 trillion (and next year too)

this year $ 2 trillion in Treasury Notes,Bonds, Bills must be rolled over - re-issued



1.5 + 2.0 = $ 3.5 trillion must be auctioned / borrowed



3.5 trillion / 12 months = aprox 300 billion per month


300 billion / 4 weeks = 75 billion per week


75 bill / 5 business days = $ 15 billion per day in borrowing needs

( I forgot to add in 300-400 billion in interest that must be paid...but Ill leave out for now )


The reason for QE2 is not lower interest rates or to stimulate the economy...it is to monetize the debt because there are not enough buyers !

The Fed Reserve is lying thru its teeth....it has NO CHOICE

Yields are already ramping


When the bond market collapses, everything goes with it including the whole Ponzi Derivative Death Pyramid
_____________________________________
There is no use removing doubts one by one. If we clear one doubt another doubt will arise and there will be no end of doubts. But, if by seeking the doubter, the doubter is found to be really non-existent, then all doubts will cease. -- Ramana Maharshi


You have to keep breaking
your heart until it opens.

~ Rumi
Taurus757

User ID: 1218493
United States
02/05/2011 04:35 PM
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Re: The US Government is Broke, It is Fact.
I found this as a great way to teach people about the federal reserve and the economy.



Here’s how that lie is being morphed into the apparent economic recovery and becoming amplified and broadcast to the erstwhile anesthetized American public:

1. The U.S. Federal Reserve and the United States Treasury, effectively two departments within the administration of the national fiscal management branch of the government, fabricate, out of thin air, trillions of U.S. Dollars, and then give them to the nations biggest financial institutions.

2. These institutions then take these counterfeit dollars, and inject them into commodities markets by establishing hundreds of thousands of derivative contracts both long (betting the future prices rises) and short (betting the future price falls). The losses are rolled over into new contracts, and the wins cashed in and the contracts rolled up. With no position limits, no transparency, and no rules, the recycled losses build and build and build and now sit at some $600 trillion??

3. The money fabricated from nothing becomes more money fabricated from nothing in the form of profits. The profits are reported as earnings (fabricated from nothing) generating positive numbers in the stock market (that mean nothing). All this in an effort to confuse you, the consumer, investor, and saver, into continuously working to generate real wages increasingly worth nothing thanks to this system, and abiding the law while they use your delusion to concentrate control of the world’s assets into ever narrower and centralized control.

Lets put it another way. Lets say, you work for me, and I pay you in popcorn, which you can use to trade for things like rice and corn and steak and cheerios and gas, because the popcorn has been accepted as a medium of trade, thanks to the stupendous marketing efforts of the central popcorn bank and the popcorn treasury, for over a century. Popcorn used to represent a certain amount of gold or silver or both but that system was just too dumb and didn’t make sense and so now popcorn just represents popcorn. Its easy to pop, and everybody likes it.

But suddenly, one day, I start paying you less popcorn, and at the same time, it takes more popcorn to buy the staples of life. Your family’s economy crumbles, and suddenly your son can’t go to soccer games (cause that takes popcorn and everybody knows, popcorn doesn’t just grow on trees), and little Tina can’t go to ballet, cause that takes more popcorn, and all the while, on TV and on the movies, everybody has all the popcorn in the world and they’re all dressed well and healthy and beautiful, and in the news, the popcorn economy is improving. Popcorn, it would seem, is the be-all and end-all of life. But popcorn can’t buy happiness, can it?

Suddenly, the popcorn fed and popcorn treasury announce that hey!. We’re just gonna pop more popcorn, cause that’s what we need. So the popcorn goes into the economy from the popcorn bowls at the top of the food chain, and suddenly there’s streets being paved, and new signs going up, and it starts to look and feel like things are gonna be okay, because the popcorn market, coincidentally is showing that certain sectors of the NYPE (New York Popcorn Exchange) are improving in earnings, and that’s driving the NYPE higher.

Popcorn is buying incrementally less, but there seems to be so much popcorn around…just that you can’t really seem to get your hands on any. But they keep popping popcorn, but more and more of your friends are finding they’re popcorn salaries aren’t cutting the mustard and they’re being turfed out onto the street.

Popcorn popcorn everywhere. Golly. Why then, with all this popcorn around, are things going so sideways on the real world spreadsheet groaning under the increasing weight of the national debt?

More at link

[link to www.pinnacledigest.com]
 Quoting: Nailer45

Lame, I'm not signing up to read more.
Anonymous Coward
User ID: 876736
United States
02/05/2011 04:41 PM
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Re: The US Government is Broke, It is Fact.
Calm down nutters, nothing's going to happen.
 Quoting: Anonymous Coward 1213083


Of course not!!! cant happen here right?

[link to www.youtube.com]
Burt Gummer

User ID: 989406
United States
02/05/2011 04:42 PM

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Re: The US Government is Broke, It is Fact.
In other words they are saying the US Government is Broke/Bankrupt and need to print Trillions more Fiat dollars and bring about hyper inflation as If they do not get their way America will collapse.

Hmmm, lets see it comes down to paying 60%-70% of your income in new taxes to support a Tyrant Government or let it collapse and rebuild America from scratch?

Answer : Let it collapse so we can rebuild it.


Yes it will be rough and tough for some time but we will be able to establish a Smaller more efficient Government that works for the people instead of a Government that works against the people.
 Quoting: Nailer45



WRONG! WRONG! WRONG! naughty
That is EXACTLY what the NWO / Saul Alinsky plan is.

wtf is wrong with you???
Have you learned NOTHING over the years???

hopealin rulesforrads

soross
RogueA007

User ID: 1256769
United States
02/05/2011 04:45 PM
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Re: The US Government is Broke, It is Fact.
In other words they are saying the US Government is Broke/Bankrupt and need to print Trillions more Fiat dollars and bring about hyper inflation as If they do not get their way America will collapse.

Hmmm, lets see it comes down to paying 60%-70% of your income in new taxes to support a Tyrant Government or let it collapse and rebuild America from scratch?

Answer : Let it collapse so we can rebuild it.


Yes it will be rough and tough for some time but we will be able to establish a Smaller more efficient Government that works for the people instead of a Government that works against the people.
 Quoting: Nailer45



WRONG! WRONG! WRONG! naughty
That is EXACTLY what the NWO / Saul Alinsky plan is.

wtf is wrong with you???
Have you learned NOTHING over the years???

hopealin rulesforrads

soross
 Quoting: Burt Gummer


Doesn't really matter because collapse is the outcome either way regardless of what we do. Because like hell any significant population in this country is going to revolt and go manhunting for the corrupt.

News