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The United States is not facing bankruptcy, it is bankrupt.

 
davvi

User ID: 3677166
United States
11/29/2012 08:53 AM

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The United States is not facing bankruptcy, it is bankrupt.
As of today, the nation's true indebtedness (promises that have been made for spending obligations, less all the taxes the Treasury expects to collect) exceeds $222,000 Billion. The indebtedness to Gross Domestic Product ($16,100 Billion) is a staggering 13.8 to 1. The United States is not facing bankruptcy, it is bankrupt.

Yet there is no sense of urgency or desire on the part of the governing class to level with the American people. This nation is living on the residue of the economic growth begun in the 1950's and accelerated in the 1980's. That tidal wave of prosperity has ebbed. The United States has entered into a death spiral of unrestrained spending, excessive taxation, printing near worthless money, and stagnant economic activity. Rather than be straightforward with the populace, the governing class is content to paper over the problem by the usual shell games of phony long-term spending cuts, more borrowing, and prevarications about the efficacy of raising taxes on "the rich."

The true nature of the GOP establishment's motivation has been exposed by their reaction to the Tea Party movement. This grassroots rebellion was the first manifestation of the awareness by a large portion of the American public of the nation's problems and ultimate consequences. Despite the overwhelming success of the Tea Party working within the Republican Party in the 2010 mid-term elections, nearly all of the Republican elites downplayed their success and fell-in with the mainstream media and the Democrats in their well-worn and gratuitous aspersions against these concerned and patriotic Americans. The Tea Party movement poses a threat to not only the accumulated power of the governing class but their livelihoods, thus the concerted effort to marginalize them by any vile or preposterous means possible.

The United States finds itself in a circumstance once thought unthinkable. An ill-educated and near morally bankrupt society increasingly made up of those dependent on government combined with a governing class whose primary interest is themselves. The nation cannot, therefore, make any meaningful course correction unless and until the people finally understand they have been lied to and conned by the current establishment. That will, in all likelihood, not occur until America faces imminent collapse and the citizenry turns on those who brought the nation to its knees.



Read more: [link to www.americanthinker.com]


this is the end paragraphs of a much longer article titled "The Governing Class and the Decline of America." there is nothing in this article that i can argue with. there many here who don't vote because they believe that both parties are the same.

i say there is a difference, but the difference is just personality and not outcome. i hate the people who come here and destroy this nation with their votes, but it occurs to me that those who vote for themselves do so at the behest of those who govern?
"What is your 'fair share' of what someone else has worked for?" -- Thomas Sowell

I never give RED karma, only GREEN for great posters. If you give me red or green please leave your name, I like to say thank you...

Leftist Jews create anti-Semitism.
davvi (OP)

User ID: 3677166
United States
11/29/2012 09:13 AM

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Re: The United States is not facing bankruptcy, it is bankrupt.
from the comment section at the same article:

"John Crudele of the New York Post: "I also wanted to mention a funny thing that happened yesterday: The Commerce Department made a substantial downward correction to its new home sales figure for September. That original estimate was released right before the election. (Let’s see how many more economic numbers get revised downward now that the Obama administration isn’t seeking votes.)"



Read more: [link to www.americanthinker.com]
"What is your 'fair share' of what someone else has worked for?" -- Thomas Sowell

I never give RED karma, only GREEN for great posters. If you give me red or green please leave your name, I like to say thank you...

Leftist Jews create anti-Semitism.
davvi (OP)

User ID: 3677166
United States
11/29/2012 09:20 AM

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Re: The United States is not facing bankruptcy, it is bankrupt.
bump
"What is your 'fair share' of what someone else has worked for?" -- Thomas Sowell

I never give RED karma, only GREEN for great posters. If you give me red or green please leave your name, I like to say thank you...

Leftist Jews create anti-Semitism.
stormer

User ID: 26697102
South Africa
11/29/2012 09:23 AM

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Re: The United States is not facing bankruptcy, it is bankrupt.
Yeah so...they just keep printing...into oblivion doomsol
Emancipate yourselves from mental slavery - Bob Marley
Anonymous Coward
User ID: 27901460
United States
11/29/2012 09:25 AM
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Re: The United States is not facing bankruptcy, it is bankrupt.
There are a couple of important considerations that should be mentioned. First off you are correct in that the United States corporation is in fact bankrupt. Our beloved president and his cabinet have opted to conceal this fact from the American people.

But what is important to note is that the widely publicized debt is actually between 1/4 to 1/5 of the corporation's actual debt.

Also of importance are the number of financial concessions currently owed to the American people for the crimes and infractions the United States corporation has committed against us.

The irony is that the government pretends that we the people carry this enormous debt. That we actually owe the government. In truth, it is the government that owes us.
Anonymous Coward
User ID: 1310640
United States
11/29/2012 09:27 AM
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Re: The United States is not facing bankruptcy, it is bankrupt.
anyone who demands payment for their debts from you, assumes they own you.

Everywhere else, if you didnt approve of accepting a debt, it isnt yours. You need to be properly consulted and you need to have a choice, otherwise there is in fact no legitimate debt.
davvi (OP)

User ID: 3677166
United States
11/29/2012 09:27 AM

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Re: The United States is not facing bankruptcy, it is bankrupt.
Yeah so...they just keep printing...into oblivion doomsol
 Quoting: stormer


our money is worthless, but the average welfare recipient has no clue what that means. the education system in this country is horrendously bad, and i do believe it is purposely so.

a stupid people are a compliant people.
"What is your 'fair share' of what someone else has worked for?" -- Thomas Sowell

I never give RED karma, only GREEN for great posters. If you give me red or green please leave your name, I like to say thank you...

Leftist Jews create anti-Semitism.
davvi (OP)

User ID: 3677166
United States
11/29/2012 09:29 AM

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Re: The United States is not facing bankruptcy, it is bankrupt.
There are a couple of important considerations that should be mentioned. First off you are correct in that the United States corporation is in fact bankrupt. Our beloved president and his cabinet have opted to conceal this fact from the American people.

But what is important to note is that the widely publicized debt is actually between 1/4 to 1/5 of the corporation's actual debt.

Also of importance are the number of financial concessions currently owed to the American people for the crimes and infractions the United States corporation has committed against us.

The irony is that the government pretends that we the people carry this enormous debt. That we actually owe the government. In truth, it is the government that owes us.
 Quoting: Anonymous Coward 27901460


many people think that china owns us, but in fact the american people own most of the debt. in other words it is like borrowing from your parents. you assume you don't have to pay them back and they just assume you will not either.
"What is your 'fair share' of what someone else has worked for?" -- Thomas Sowell

I never give RED karma, only GREEN for great posters. If you give me red or green please leave your name, I like to say thank you...

Leftist Jews create anti-Semitism.
vind21

User ID: 5175092
United States
11/29/2012 09:31 AM
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Re: The United States is not facing bankruptcy, it is bankrupt.
You're only bankrupt once you file the actual paper work.

It's pretty easy to convince everyone you have money still when you have a magic money machine that has an infinite supply of 100 dollar bills at your disposal and the general populace can't even comprehend the basic math involved and is being told to "move along, go buy more stuff, it'll ALL be OK"

The truth is more than half the country would happily work for no paycheck at all if they had thier cable tv, internet, and unlimited supply of weed and hot pockets.

And a free porn subscription...
vind21
Old MacDonald

User ID: 28707337
Canada
11/29/2012 09:33 AM
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Re: The United States is not facing bankruptcy, it is bankrupt.
Nothing to see here

uncleben2
In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act - George Orwell

Rachel Maddow is HOT!!! - Seriously I'd hit it.

A VOTE FOR JUSTIN TRUDEAU IN 2015, WOULD BE THE MOST COWARDLY & IRRESPONSIBLE THING A CANADIAN CITIZEN COULD DO TO THEIR OWN PEOPLE. GUN GRABBERS ARE THE COMMON ENEMY OF ALL PEOPLE.

GUN CONTROL HAS RESULTED IN THE SLAUGHTER OF 262 MILLION CITIZENS BY THEIR GOVERNMENTS OVER THE PAST 100 YEARS.

THE LIBERAL PARTY OF CANADA & THE NDP ENDORSE GUN CONTROL, AN ESSENTIAL POLICY OF HITLER, STALIN, MAO, POL POT, EDI AMIN, QADDAFI, SADDAM, ASSAD, & EVERY OTHER TYRANNICAL GOVERNMENT THIS PAST CENTURY.

CANADIANS MUST NEVER FORGET THE BETRAYAL OF BILLS C-68 & C-17. WE MUST NOT REST UNTIL THEY ARE FULLY REPEALED.

C-19 WAS A GOOD START......BUT JUST A START. GET OFF YOUR COLLECTIVE ASSES AND MAKE AN IMPACT. WE HAVE 26 MONTHS.

I, THEE BOB, SWEAR ON THE ALTER OF GOD TO FIGHT ALL FORMS OF CANADIAN TYRANNY AND SAVE MY COUNTRY FROM THE EVILS OF THE NEW WORLD ORDER. I WILL NEVER HAND IN MY GUNS. EVER. I AM A FREE MAN, I WILL NOT BE THE BITCH OF THE SOCIALIST ESTABLISHMENT. LEAVE ME ALONE.
davvi (OP)

User ID: 3677166
United States
11/29/2012 09:35 AM

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Re: The United States is not facing bankruptcy, it is bankrupt.
You're only bankrupt once you file the actual paper work.

It's pretty easy to convince everyone you have money still when you have a magic money machine that has an infinite supply of 100 dollar bills at your disposal and the general populace can't even comprehend the basic math involved and is being told to "move along, go buy more stuff, it'll ALL be OK"

The truth is more than half the country would happily work for no paycheck at all if they had thier cable tv, internet, and unlimited supply of weed and hot pockets.

And a free porn subscription...
 Quoting: vind21


what would happen if those who we owe started demanding re-payment? what would happen if the american dollar was not the world's currency? that money that they keep printing has no real value.

how many americans understand the concept?

why do we keep electing the same people to congress and expect a different outcome?
"What is your 'fair share' of what someone else has worked for?" -- Thomas Sowell

I never give RED karma, only GREEN for great posters. If you give me red or green please leave your name, I like to say thank you...

Leftist Jews create anti-Semitism.
Jacked Burton

User ID: 807883
United States
11/29/2012 09:37 AM
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Re: The United States is not facing bankruptcy, it is bankrupt.
The game workings nothing like what you are told.
It's all in the reflexes.
Old MacDonald

User ID: 28707337
Canada
11/29/2012 09:37 AM
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Re: The United States is not facing bankruptcy, it is bankrupt.
You're only bankrupt once you file the actual paper work.

It's pretty easy to convince everyone you have money still when you have a magic money machine that has an infinite supply of 100 dollar bills at your disposal and the general populace can't even comprehend the basic math involved and is being told to "move along, go buy more stuff, it'll ALL be OK"

The truth is more than half the country would happily work for no paycheck at all if they had thier cable tv, internet, and unlimited supply of weed and hot pockets.

And a free porn subscription...
 Quoting: vind21


what would happen if those who we owe started demanding re-payment? what would happen if the american dollar was not the world's currency? that money that they keep printing has no real value.

how many americans understand the concept?

why do we keep electing the same people to congress and expect a different outcome?
 Quoting: davvi


Most of the Money is Owed to these clowns

blankfein2 dimon3 uncleben4
In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act - George Orwell

Rachel Maddow is HOT!!! - Seriously I'd hit it.

A VOTE FOR JUSTIN TRUDEAU IN 2015, WOULD BE THE MOST COWARDLY & IRRESPONSIBLE THING A CANADIAN CITIZEN COULD DO TO THEIR OWN PEOPLE. GUN GRABBERS ARE THE COMMON ENEMY OF ALL PEOPLE.

GUN CONTROL HAS RESULTED IN THE SLAUGHTER OF 262 MILLION CITIZENS BY THEIR GOVERNMENTS OVER THE PAST 100 YEARS.

THE LIBERAL PARTY OF CANADA & THE NDP ENDORSE GUN CONTROL, AN ESSENTIAL POLICY OF HITLER, STALIN, MAO, POL POT, EDI AMIN, QADDAFI, SADDAM, ASSAD, & EVERY OTHER TYRANNICAL GOVERNMENT THIS PAST CENTURY.

CANADIANS MUST NEVER FORGET THE BETRAYAL OF BILLS C-68 & C-17. WE MUST NOT REST UNTIL THEY ARE FULLY REPEALED.

C-19 WAS A GOOD START......BUT JUST A START. GET OFF YOUR COLLECTIVE ASSES AND MAKE AN IMPACT. WE HAVE 26 MONTHS.

I, THEE BOB, SWEAR ON THE ALTER OF GOD TO FIGHT ALL FORMS OF CANADIAN TYRANNY AND SAVE MY COUNTRY FROM THE EVILS OF THE NEW WORLD ORDER. I WILL NEVER HAND IN MY GUNS. EVER. I AM A FREE MAN, I WILL NOT BE THE BITCH OF THE SOCIALIST ESTABLISHMENT. LEAVE ME ALONE.
Carshy McCarsh

User ID: 28710604
United States
11/29/2012 09:39 AM
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Re: The United States is not facing bankruptcy, it is bankrupt.
5stars + pin

clappa
Tell me what this tastes like...
Carshy McCarsh

User ID: 28710604
United States
11/29/2012 09:40 AM
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Re: The United States is not facing bankruptcy, it is bankrupt.
why do we keep electing the same people to congress and expect a different outcome?
 Quoting: davvi


"We" don't keep electing them. These evil retards do:


Tell me what this tastes like...
davvi (OP)

User ID: 3677166
United States
11/29/2012 09:41 AM

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Re: The United States is not facing bankruptcy, it is bankrupt.
You're only bankrupt once you file the actual paper work.

It's pretty easy to convince everyone you have money still when you have a magic money machine that has an infinite supply of 100 dollar bills at your disposal and the general populace can't even comprehend the basic math involved and is being told to "move along, go buy more stuff, it'll ALL be OK"

The truth is more than half the country would happily work for no paycheck at all if they had thier cable tv, internet, and unlimited supply of weed and hot pockets.

And a free porn subscription...
 Quoting: vind21


what would happen if those who we owe started demanding re-payment? what would happen if the american dollar was not the world's currency? that money that they keep printing has no real value.

how many americans understand the concept?

why do we keep electing the same people to congress and expect a different outcome?
 Quoting: davvi


Most of the Money is Owed to these clowns

blankfein2 dimon3 uncleben4
 Quoting: Old MacDonald


and it is the reason they have so much power.

p.s. mac, thanks to your PM for standing tall for israel. it is very appreciated.
"What is your 'fair share' of what someone else has worked for?" -- Thomas Sowell

I never give RED karma, only GREEN for great posters. If you give me red or green please leave your name, I like to say thank you...

Leftist Jews create anti-Semitism.
davvi (OP)

User ID: 3677166
United States
11/29/2012 09:43 AM

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Re: The United States is not facing bankruptcy, it is bankrupt.
why do we keep electing the same people to congress and expect a different outcome?
 Quoting: davvi


"We" don't keep electing them. These evil retards do:


 Quoting: Carshy McCarsh


yup, her and all of the unions and welfare crap, plus braindead libtards, and the white guilters.

thanks, by the way. thumbs
"What is your 'fair share' of what someone else has worked for?" -- Thomas Sowell

I never give RED karma, only GREEN for great posters. If you give me red or green please leave your name, I like to say thank you...

Leftist Jews create anti-Semitism.
Carshy McCarsh

User ID: 1531528
Germany
11/29/2012 08:13 PM
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Re: The United States is not facing bankruptcy, it is bankrupt.
why do we keep electing the same people to congress and expect a different outcome?
 Quoting: davvi


"We" don't keep electing them. These evil retards do:


 Quoting: Carshy McCarsh


yup, her and all of the unions and welfare crap, plus braindead libtards, and the white guilters.

thanks, by the way. thumbs
 Quoting: davvi


cheers
Tell me what this tastes like...
Anonymous Coward
User ID: 8213675
United States
11/29/2012 08:16 PM
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Re: The United States is not facing bankruptcy, it is bankrupt.
it was announced yesterday that the US was 86 trillion dollars in debt
Anonymous Coward
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11/29/2012 08:18 PM
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Re: The United States is not facing bankruptcy, it is bankrupt.
why do we keep electing the same people to congress and expect a different outcome?
 Quoting:


[link to www.theoccidentalobserver.net]
Anonymous Coward
User ID: 28621700
United States
11/29/2012 08:38 PM
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Re: The United States is not facing bankruptcy, it is bankrupt.
it was announced yesterday that the US was 86 trillion dollars in debt
 Quoting: Anonymous Coward 8213675


Link-ski ?
maxoman

User ID: 28411395
United States
11/29/2012 08:41 PM
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Re: The United States is not facing bankruptcy, it is bankrupt.
As of today, the nation's true indebtedness (promises that have been made for spending obligations, less all the taxes the Treasury expects to collect) exceeds $222,000 Billion. The indebtedness to Gross Domestic Product ($16,100 Billion) is a staggering 13.8 to 1. The United States is not facing bankruptcy, it is bankrupt.

Yet there is no sense of urgency or desire on the part of the governing class to level with the American people. This nation is living on the residue of the economic growth begun in the 1950's and accelerated in the 1980's. That tidal wave of prosperity has ebbed. The United States has entered into a death spiral of unrestrained spending, excessive taxation, printing near worthless money, and stagnant economic activity. Rather than be straightforward with the populace, the governing class is content to paper over the problem by the usual shell games of phony long-term spending cuts, more borrowing, and prevarications about the efficacy of raising taxes on "the rich."

The true nature of the GOP establishment's motivation has been exposed by their reaction to the Tea Party movement. This grassroots rebellion was the first manifestation of the awareness by a large portion of the American public of the nation's problems and ultimate consequences. Despite the overwhelming success of the Tea Party working within the Republican Party in the 2010 mid-term elections, nearly all of the Republican elites downplayed their success and fell-in with the mainstream media and the Democrats in their well-worn and gratuitous aspersions against these concerned and patriotic Americans. The Tea Party movement poses a threat to not only the accumulated power of the governing class but their livelihoods, thus the concerted effort to marginalize them by any vile or preposterous means possible.

The United States finds itself in a circumstance once thought unthinkable. An ill-educated and near morally bankrupt society increasingly made up of those dependent on government combined with a governing class whose primary interest is themselves. The nation cannot, therefore, make any meaningful course correction unless and until the people finally understand they have been lied to and conned by the current establishment. That will, in all likelihood, not occur until America faces imminent collapse and the citizenry turns on those who brought the nation to its knees.



Read more: [link to www.americanthinker.com]


this is the end paragraphs of a much longer article titled "The Governing Class and the Decline of America." there is nothing in this article that i can argue with. there many here who don't vote because they believe that both parties are the same.

i say there is a difference, but the difference is just personality and not outcome. i hate the people who come here and destroy this nation with their votes, but it occurs to me that those who vote for themselves do so at the behest of those who govern?
 Quoting: davvi


You just knew this?
mrmuffins69
ban all the things

User ID: 28433365
United States
11/29/2012 08:47 PM

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Re: The United States is not facing bankruptcy, it is bankrupt.
Yeah so...they just keep printing...into oblivion doomsol
 Quoting: stormer


our money is worthless, but the average welfare recipient has no clue what that means. the education system in this country is horrendously bad, and i do believe it is purposely so.

a stupid people are a compliant people.
 Quoting: davvi


educated system is shit on purpose, easier to get the votes from uneducated people that are forced to rely on the government then educated people who have more opportunities to work on their own
sodbust

User ID: 28302242
United States
11/29/2012 08:51 PM
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Re: The United States is not facing bankruptcy, it is bankrupt.
50 years ago I asked my grandfather what starts a depression.. He gazed off for some time before giving me his reply..

Its when enough people wake up on a Monday morning and say to themselves,, its not worth the battle any more and give up..

Well folks,, 47% have already and we have been peddling the bike for them this past 12 years with welfare,.. I'm tired,, I give up as its Washington's problems as I'm done feeding the beast..
Sodbust
Dream big,, its ones only chance
samanthasunflower

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United States
11/29/2012 08:53 PM

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Re: The United States is not facing bankruptcy, it is bankrupt.
clappa
Anonymous Coward
User ID: 14317225
United Kingdom
11/29/2012 09:03 PM
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Re: The United States is not facing bankruptcy, it is bankrupt.
The best thing for you Americans - and my little island - would have been to not have done QE and have done the Iceland approach,instead.
mrmuffins69
ban all the things

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11/29/2012 09:07 PM

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Re: The United States is not facing bankruptcy, it is bankrupt.
The best thing for you Americans - and my little island - would have been to not have done QE and have done the Iceland approach,instead.
 Quoting: Anonymous Coward 14317225


yea like we have a voice in washington dc 1rof1
Anonymous Coward
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United Kingdom
11/29/2012 09:09 PM
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Re: The United States is not facing bankruptcy, it is bankrupt.
The best thing for you Americans - and my little island - would have been to not have done QE and have done the Iceland approach,instead.
 Quoting: Anonymous Coward 14317225


yea like we have a voice in washington dc 1rof1
 Quoting: mrmuffins69


Time for a 2nd resist, then.
Burt Gummer

User ID: 7702124
United States
11/29/2012 09:09 PM

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Re: The United States is not facing bankruptcy, it is bankrupt.
50 years ago I asked my grandfather what starts a depression.. He gazed off for some time before giving me his reply..

Its when enough people wake up on a Monday morning and say to themselves,, its not worth the battle any more and give up..

Well folks,, 47% have already and we have been peddling the bike for them this past 12 years with welfare,.. I'm tired,, I give up as its Washington's problems as I'm done feeding the beast..
Sodbust
 Quoting: sodbust


With this last election....you have seen that begin to happen.

Last Edited by Useless Cookie Eater on 11/29/2012 09:10 PM
TTX8K82

User ID: 26400095
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11/29/2012 09:11 PM
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Re: The United States is not facing bankruptcy, it is bankrupt.
The best thing for you Americans - and my little island - would have been to not have done QE and have done the Iceland approach,instead.
 Quoting: Anonymous Coward 14317225


yea like we have a voice in washington dc 1rof1
 Quoting: mrmuffins69


lmao
Anonymous Coward
User ID: 2143478
United States
11/29/2012 09:12 PM
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Re: The United States is not facing bankruptcy, it is bankrupt.
Our country was founded on our country creating it's OWN tax free money supply with no need for taxes and borrowing.
Now America doesn't.

Zombies Americas don't even know where their money comes from.
sheep

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