posted on Feb, 4 2014 @ 02:50 PM
reply to post by 727Sky
Looking in from the outside, it seems like a pretty dumb way to run one of the most historically respected currencies ever devised.
What I really do not understand, is why the only options being seriously discussed, are increasing the debt ceiling again, and again, or defaulting
on some payments and debts. This seems ridiculous to me. Surely reducing every thing in the defense budget, bar those monies reserved for equipment
and personnel, would help pay something off, surely finding the 2.3 trillion that the pentagon cannot account for would help?
If the US is anything like the UK, there are savings which could be made from its budgets, which have nothing to do with people being made redundant,
but to do with re-negotiating badly written contracts, to favour government, and by extension the people of the United States of America! I cannot
believe that the entire US is being left with a choice between getting ANOTHER loan, or default. It is utterly impossible that NO other options are
available, so why the hell are alternatives not on the table by now? The US benefits from having some of the foremost mathematicians, economists, and
market jockeys on the planet, working and living in it. Surely these human resources need putting to better use!
Reminds me about a bank which didn't know what to do with all the money. Buying up company's for the heck of it.
Even small ones, costing only a few milions. They had the ''smartest''/best people working on that project to make sure there where no risk.
To pay those very ''smart'' people they had to pay about 800.000 euro's while the total taking over of that company was only about 5 million (give or
That bank took over a company who didn't even earned 1 single euro in all those years (also just loans and good promise).
Later (few years later so even more money spend/debt) on the bank itself got in troubles so that company doesn't even exist anymore.
I knew it when I was in the middle of it, but who would listen to me?
But yea it seems very Obvious that spending on defense is 1 of the biggest problem if not the biggest one which even started this economical disaster
I think. But there are people with so much influence which seems to have the biggest voice and they where/are the problem then and now.
Even when proven wrong they can still keep going and going.
edit on 4-2-2014 by Plugin because: (no reason given)