reply to post by memarf1
Certainly. It would be quite effective if the millions on unemployment decided to camp out in front of the Capitol!
I think the bad economy limits the ability of people to actively protest. Nobody can afford to lose their job, so they can't be too vocal, they
can't take any time off work, and they can't risk offending any coworkers or their boss. It is going to take the unemployed people to push the
envelope, but of course they are surviving on government checks as well!
A recent study showed 1 in 6 people are dependent on some sort of government benefit! The other 5 of 6 are desperatelly clinging to under-paying jobs
and trying to comply with all of the overbearing licensing and registering authorities to stay legal to work and live!
We are thoroughly trapped, and it is getting worse.
Terrible Development! Ridiculous Compromise yet again!, page 6
reply posted on 1-8-2011 @ 04:31 PM by romanmel
Originally posted by getreadyalready
reply to post by memarf1
...A recent study showed 1 in 6 people are dependent on some sort of government benefit! The other 5 of 6 are desperatelly clinging to under-paying jobs and trying to comply with all of the overbearing licensing and registering authorities to stay legal to work and live!
We are thoroughly trapped, and it is getting worse.
Good analysis. When you count those who are in debt for government backed student loans, FHA and VA loans just about everyone is beholding to BigGov. The debtor is a slave to the lender
reply posted on 1-8-2011 @ 04:45 PM by getreadyalready
Apparently the protestors in the House's visitors gallery were real!
Capitol Police arrest 22 Protestors
Also, apparently on C-Span right now the speakers are all taking more than their allotted time, and most are speaking out against this plan! Maybe it won't pass afterall.
Other thread discussing what is going on in the House at the moment, and on C-span.
Capitol Police arrest 22 Protestors
Also, apparently on C-Span right now the speakers are all taking more than their allotted time, and most are speaking out against this plan! Maybe it won't pass afterall.
Other thread discussing what is going on in the House at the moment, and on C-span.
edit on 1-8-2011 by getreadyalready because: (no reason given)
reply posted on 1-8-2011 @ 05:27 PM by getreadyalready
reply to post by Erno86
The only solution to this problem is a ruthless one. I agree that the Republicans are not without blame, but it isn't their stubbornness that should be criticized, it is their lack of stubbornness and eagerness to compromise yet again.
The economy needs to be held hostage until a viable solution is reached, or the natural consequences are upon us. Either way, we have to fix it in the here and now, we can't compromise and delay to eternity.
The only solution to this problem is a ruthless one. I agree that the Republicans are not without blame, but it isn't their stubbornness that should be criticized, it is their lack of stubbornness and eagerness to compromise yet again.
The economy needs to be held hostage until a viable solution is reached, or the natural consequences are upon us. Either way, we have to fix it in the here and now, we can't compromise and delay to eternity.
reply posted on 1-8-2011 @ 05:46 PM by mossme89
We might not be out of the woods yet. This scenario would apply in a default, but could also occur with a downgrade (which still might be likely).
source
If America defaults on those payments, or even misses them by just one day, the domino effect would be brutal…
•Domino #1: The country would lose its AAA credit rating and those bonds, bills and notes would no longer enjoy their status as the safest investments on the planet.
•Domino #2: In turn, a lower credit rating would mean that the United States would pay higher interest on its bonds in order to attract investors. Result?
•Domino #3: A tidal wave of selling through fixed income markets, driving interest rates higher still.
•Domino #4: Social Security would be hit hard, as its funds are invested in Treasuries. Suddenly, Social Security would have far less resources than just a day or two earlier.
•Domino #5: If money is pouring out of so-called “safe” investments, you can bet that in that kind of environment, the demand for riskier investments would be next to nil. Stocks and financial markets around the globe would plummet.
source
reply posted on 1-8-2011 @ 06:22 PM by UndesirableN1
reply to post by getreadyalready
As I'm a very recent member of ATS, I am also well aware of the situation you guys have with you're Government as well as the great deal of debt you Americans have overcome. While I feel deeply for you as well as many of my other Canadian friends and family I'm yet left wondering why no action is being taken? In my recent years I've come across many Americans who know little to next to nothing about you're own respective Government or politicians, which is mind boggling to me because my friends and I are more the well aware of the situation you have been given. When we recently heard the news that Obama, republicans and Democrats had come to a conclusion I thought it would reduce or eliminate any possible chance of you're Country being in further debt. But instead, the debt will continue to rise and most likely more individuals like you will lose you're homes. So If I may ask, at what point to you revolt? Pull an Egypt on you're own Government? At what point do you take a stand? I'm not asking you to go guns and all, but to question, when do you fight back? When nothings left to take?
Yes Ron Paul sounds like a good candidate, but who's to say that he doesn't pull the whole Obama "Hope" thing again. I believe thoroughly that the Reserve needs to be eliminated, and that it takes more than one to make a difference sometimes, especially in the circumstances that has been handed down to the American people, you need to work together and not focus on one because that's the only way you guys can stand back on you're feet.
That was the dumbest deal, and will only prolong and provoke the debt in the American Society. I do hope one day soon the citizens of your country will stand up and take action because from my view bystanders go by unnoticed.
As I'm a very recent member of ATS, I am also well aware of the situation you guys have with you're Government as well as the great deal of debt you Americans have overcome. While I feel deeply for you as well as many of my other Canadian friends and family I'm yet left wondering why no action is being taken? In my recent years I've come across many Americans who know little to next to nothing about you're own respective Government or politicians, which is mind boggling to me because my friends and I are more the well aware of the situation you have been given. When we recently heard the news that Obama, republicans and Democrats had come to a conclusion I thought it would reduce or eliminate any possible chance of you're Country being in further debt. But instead, the debt will continue to rise and most likely more individuals like you will lose you're homes. So If I may ask, at what point to you revolt? Pull an Egypt on you're own Government? At what point do you take a stand? I'm not asking you to go guns and all, but to question, when do you fight back? When nothings left to take?
Yes Ron Paul sounds like a good candidate, but who's to say that he doesn't pull the whole Obama "Hope" thing again. I believe thoroughly that the Reserve needs to be eliminated, and that it takes more than one to make a difference sometimes, especially in the circumstances that has been handed down to the American people, you need to work together and not focus on one because that's the only way you guys can stand back on you're feet.
That was the dumbest deal, and will only prolong and provoke the debt in the American Society. I do hope one day soon the citizens of your country will stand up and take action because from my view bystanders go by unnoticed.
reply posted on 1-8-2011 @ 06:23 PM by inforeal
reply to post by Freenrgy2
What are you talking about. Taxes are the lowest they have been in half a century.
What are you talking about. Taxes are the lowest they have been in half a century.
reply posted on 1-8-2011 @ 06:28 PM by getreadyalready
reply to post by UndesirableN1
Great Question.
The ugly answer is that our standard of living is still very good. Even with all of this turmoil, the majority are still extremely comfortable, and they still have too much to sacrifice to make it worthwhile.
This is the boiling frog scenario. We have lost more than we realize, and our kids are growing up thinking this is normal, and they will never know how much they lost before they were ever born. It isn't just economics, it is the whole enchilada. Our liberties are evaporating, and the majority are thankful for it.
Check out this thread for my take on the whole situation: How Close Are We?
Great Question.
The ugly answer is that our standard of living is still very good. Even with all of this turmoil, the majority are still extremely comfortable, and they still have too much to sacrifice to make it worthwhile.
This is the boiling frog scenario. We have lost more than we realize, and our kids are growing up thinking this is normal, and they will never know how much they lost before they were ever born. It isn't just economics, it is the whole enchilada. Our liberties are evaporating, and the majority are thankful for it.
Check out this thread for my take on the whole situation: How Close Are We?
reply posted on 1-8-2011 @ 06:29 PM by Section31
Link: Debt Deal Doesn't Lift Threat of Credit
Downgrade
Talk about a headline filled with irony.
Even though the bill has just passed the house, the threat of a credit score downgrade still lingers.
Our national debt is too big.
Talk about irony. Its going to happen anyway.
Talk about a headline filled with irony.
Even though the bill has just passed the house, the threat of a credit score downgrade still lingers.
Our national debt is too big.
Talk about irony. Its going to happen anyway.
edit on 8/1/2011 by Section31 because: (no reason given)
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