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The Debt Ceiling Debate Really Doesn’t Matter – Either Way U.S. Government Finances Are Going To

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posted on Jan, 5 2011 @ 08:53 AM
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Congratulations America, you are now 14 trillion dollars in debt. The U.S. national debt is now more than 14 times larger than it was just 30 short years ago. The federal government is literally drowning in debt.


Link to article:www.endoftheamericandream.com

According to this article, the U.S. debt ceiling has been raised 10 times since 2001! Every time they get close to hitting it,they simply vote to keep raising it. By continually raising,they simply prolong the agony and also make the coming 'hurtin' even worse.

America is caught in a death-trap of it's own devising from which there is apparently no escape. It doesn't matter if they raise the ceiling or not,the system will crash. Talk about a Catch-22.

To make matters worse,pretty soon probably no one will want to loan money to America anymore and then it's 'curtains' on the whole mess.

Be sure to check out the U.S. National Debt Chart just to help give you clear idea of just how far the whole contraption has sped away of out control.

Look guys,this is serious stuff going on here. We can try to wish and rationalize this stuff away all we like but the fact of the matter is that if you've got a Plan B,you'd better get working on and fast. Although with all of the other things happening such as the climate changes and environmental disasters,I'm giving the future much hope.




posted on Jan, 5 2011 @ 09:37 AM
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As with any economical structure, when the government tampers with it to much, the bottom will fall out. Case in point, the housing bubble.

I honestly think its only a matter of time before everything crashes and we go into " survival mode".



posted on Jan, 5 2011 @ 10:52 AM
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There is a cornucopia of resources where I live. Hope you folks in the concrete jungles are prepared.

You cannot eat blacktop.



posted on Jan, 5 2011 @ 10:59 AM
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reply to post by FlyingJadeDragon
 



Great post. Be sure to stock up on gold, silver, Swiss cheese, water and weapons.



posted on Jan, 5 2011 @ 04:52 PM
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Yup,like Gerald Celente said concerning what's coming,'A lot of people aren't going to make it. A lot of people are going to fall by the wayside'. This is a nice of way of saying 'perish',of course.

It's true,most of us have no clue how to survive if and when it all hits the fan. It's not a pretty scenario. Gone are the days when people had family farms or homesteads out in the mountains or countryside where they could retreat to and survive when life in the cities failed.

Most people live in a state of normalcy bias to one degree or another,even here on ATS. They refuse to or cannot acknowledge the very changes which are happening around them even though the evidence screams right in their faces. There are some things which aren't conspiracy theories,no matter how much you'd like to believe they are.

There's no 'magic wand' coming to fix all of this and get things back to 'normal'. I just wish more people understood this.



posted on Jan, 6 2011 @ 02:55 PM
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It was the bankers and lack of regulation on wall street that caused the housing bubble. The government helped by accepting the wall street bribes to remove the checks and balances for things to go nuts. I still find it very strange that most of this debt is getting paid to the private company that prints the money for the nation. Bring the fed back under government control then the government has to pay the interest to its self.
This might upset a few obscenely wealthy entities as they lose there cut.



posted on Jan, 7 2011 @ 04:12 PM
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Found a nice Video that pretty much explains everything

Source

Pretty long,but very interesting.




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