Fix the Debt, End the Sequester?

[worldlymrb]

It is this kind of upside down thinking that is going to bring financial ruin to this once great country and its citizens. It is IMPOSSIBLE to fix a debt crisis with more debt. Sure, you get a quick feel good high, but always follows is a sickening pain (Aka hangover).

It boils down to one proven historical fact: Government does not and cannot produce wealth/prosperity. Govt CONSUMES IT! (especially crony democrat govts.)

 

[Bo-4]

I can't believe Rendell went on with this wack-job. When you talk about cronyism, it should be followed by a large bold (R).

Schiff and his cronies have been scaring you into buying gold for eons.

You do know his motivation right? He's CEO of Euro Pacific Precious Metals, LLC a gold and silver dealer in NYC.

 

[zzigzzag]

It is this kind of upside down thinking that is going to bring financial ruin to this once great country and its citizens. It is IMPOSSIBLE to fix a debt crisis with more debt. Sure, you get a quick feel good high, but always follows is a sickening pain (Aka hangover).

It boils down to one proven historical fact: Government does not and cannot produce wealth/prosperity. Govt CONSUMES IT! (especially crony democrat govts.)

Wish they'd consume more wealth from those who have it all. It isn't the wealthy who have been consumed for the past 30 years. It's the wage earners who have been over-taxed, underpaid and/or abandoned in trickle down world.

 

[worldlymrb]

You do know his motivation right? He's CEO of Euro Pacific Precious Metals, LLC a gold and silver dealer in NYC.

Rather than a Community Organizer from the slums of south Chicago?

 

[worldlymrb]

Wish they'd consume more wealth from those who have it all. It isn't the wealthy who have been consumed for the past 30 years. It's the wage earners who have been over-taxed, underpaid and/or abandoned in trickle down world.

Speaking of trickle down... When does that +250% for Wall Street start trickling down to Main Street? Afterall, it's been nearly 5 years!

 

[zzigzzag]

Afterall, it's been nearly 5 years!

Only to people who think life started in January of '09.

 

[worldlymrb]

Afterall, it's been nearly 5 years!

Only to people who think life started in January of '09.

Your boy is spreading the wealth THE WRONG WAY and you turn a blind eye, just like with Obama's expanding Bush's domestic spying program.

Since '09, Wall Street got their recovery and all Main Street has to show for is more Food Stamps and cheap Obama Phones.

 

[OldGaffer]

Glad you agree with Elizabeth Warren that the banksters need to be controlled.

 

[worldlymrb]

Glad you agree with Elizabeth Warren that the banksters need to be controlled.

Instead of banksters writing the laws like the Frank/Dodd Banking Reform Act.

 

[OldGaffer]

Warren should be your hero, she has taken on Wall Street and the banks for years.

 

[zzigzzag]

Your boy is spreading the wealth THE WRONG WAY and you turn a blind eye, just like with Obama's expanding Bush's domestic spying program.

Since '09, Wall Street got their recovery and all Main Street has to show for is more Food Stamps and cheap Obama Phones.

So we're still losing 750,000 jobs per month and the deficit is still getting larger? People with retirement plans are not "main street"? GM and all of their vendors are gone? Reagan/Bush/Clinton/Bush phones are now "Obamaphones"?

Pull your head out of your ass and look again.

 

[as seen on tv]

worldy - i gave this a like, but this line of reasoning is hopeless in PJ.

as long as greece, spain, italy etc continue to cling to life, "progressives" will cling to the belief that debt doesn't kill. and when they die (default), progressives will do a 180 and claim it was due to "austerity" - that if they'd only been allowed to borrow and spend infinitely things would have worked out okay.

 

[worldlymrb]

worldy - i gave this a like, but this line of reasoning is hopeless in PJ.

as long as greece, spain, italy etc continue to cling to life, "progressives" will cling to the belief that debt doesn't kill. and when they die (default), progressives will do a 180 and claim it was due to "austerity" - that if they'd only been allowed to borrow and spend infinitely things would have worked out okay.

This is why I am so negative about our country's future....

1. A very deep/long recession is going to be necessary for a REAL recovery. Something spineless/greedy politicians will never be able to confront, let alone try to sell to voters.

2. Our Economy is propped up with a QE/Stimulus Pump&Dump that officially is $85B a month (unofficially $200B a month), which is 10% of US GDP.

3. Any "Tapering" of QE leads to a downturn.

4. Any "Growth" is going to require even MORE QE.

We have painted ourselves into a corner.

Prepare now.