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Originally posted by xuenchen
So, perhaps this is just business as usual ?
And the debt will be paid for by printed money from new loans (bond issues) as needed.
(assuming the debt can be continuously sold to new buyers week by week, month by month, etc.)
Does this long time low interest rates indicate a:
"the longer the water boils, the higher the lid blows" scenario.
(as in: inflation will quickly skyrocket eventually ?)
Originally posted by MissPoovey
So...what happens if we don't pay?
What we owe the Federal Reserve, how much of the debt is their's?
What we owe China?
Just wondering about this...because it really is so large as to be "unpayable".
Most companies and individuals would declare bankruptcy.. or in the housing market, do a short sale.
So, what happens if the citizens of the United States of America decide we do not owe this money?
Or simply and honestly cannot pay this?
Originally posted by LErickson
The CBO announced that HCR will lower the deficit and I come to ATS and see a thread saying exactly the opposite. Now the same team of folks that push the birther crap, that crap, now give us this. Yes, the US is completely doomed and will be destroyed unless you elect a Republican or something.
This chicken little BS is getting very tiresome.
Originally posted by Erongaricuaro
Originally posted by beezzer
Once upon a time, America was the standard bearer, the example to set. We were the model of a free society.
Sure, we have our faults, but with time, those were being corrected.
Now?
The radicals, the progressives, the socialists, communists, haters of freedom are in charge.
They will do everything they can to see America beaten and defeated. Whether from the outside or from within.
The radicals, the reactionaries, the progressives, the conservatives, the socialists, the fascists, the communists, the politicians, the corporatists, the bureaucrats, the profiteers, the banksters, the haters of freedoms, the loathers of liberties, they're all running their part of the show for their benefit and most of America is behind at least some of them with their full support.
If you're going to point the finger and lay blame might as well include all the perps. Can you think of a few more to add to the list?
edit on 15-3-2012 by Erongaricuaro because: (no reason given)
Originally posted by tooo many pills
reply to post by xuenchen
Originally posted by xuenchen
So, perhaps this is just business as usual ?
And the debt will be paid for by printed money from new loans (bond issues) as needed.
(assuming the debt can be continuously sold to new buyers week by week, month by month, etc.)
Does this long time low interest rates indicate a:
"the longer the water boils, the higher the lid blows" scenario.
(as in: inflation will quickly skyrocket eventually ?)
I really wish I knew the answer. I know they want to carry on as business as usual for as long as they can to keep their status quo. But I seriously can't imagine how we will be talking about this in 8 years when our total national debt is nearing $25 trillion dollars (assuming we continue pushing a trillion dollar deficit every year), and the FED has finally raised interest rates.
I keep thinking they must have something up their sleeve to raise our total revenue to balance the budget, or even save money to pay it down, because they are obviously against cutting spending to balance the budget. But I have no idea how because they won't raise taxes that drastically or we would revolt, or at least I hope we would. Maybe, the U.S. has some new revolutionary invention that will create an entire new industry and the technology will be so closely guarded and advanced that the rest of the world will have to buy and borrow from us and only us to acquire it?
edit on 16-3-2012 by tooo many pills because: (no reason given)