The bottom line is this: When you count ALL  of Washington’s obligations, the United States is in debt to the tune of over  $145 trillion. That’s a staggering amount of debt that dwarfs Europe’s  problems.
And, there’s simply no way the U.S.  mountain of debt is ever going to get paid off by conventional means â€" by  growing our way out of it, or by a combination of spending cuts (that even the  Super Committee in Washington failed to agree on) and economic growth.
Nor is it going to be paid off by raising  taxes in the U.S. either. Washington could raise personal income tax rates to  100% on everyone, and the $145 trillion debt morass would still not be paid  off, at least not in our â€" or your grandchildren’s â€" lifetime.
The terribly weak U.S. dollar is also, I’m  afraid to say, precisely what Washington wants and why ...
President Obama has been insisting that  China push up the value of its currency, a de facto dollar devaluation.
It’s also why you haven’t seen President  Obama talk much about Europe lately. In fact, while the mess in Europe has been  reaching another crisis point, where was President Obama to be found?
In Asia, actively campaigning to line up  support from other Asian countries to get China to revalue its currency higher,  and the dollar, lower!
Secretary of State Clinton was doing much  the same. She was traipsing all over that continent too, squaring up relationships  with virtually all countries in Asia, except  China.

Screw the US national debt. your NOT the US, USA corp, USA.INC USA.CO, or any other damned thing if you live on US soil your an American. its congresses debt, lets make those worthless parasites  pay it.. but first we need to take their printing machine so they no longer have the implied authority to print paper on our behalf!


im just saying. Off the soapbox now.

Quote from: Moab on November 28, 2011, 07:41:04 PM
Screw the US national debt. your NOT the US, USA corp, USA.INC USA.CO, or any other damned thing if you live on US soil your an American. its congresses debt, lets make those worthless parasites  pay it.. but first we need to take their printing machine so they no longer have the implied authority to print paper on our behalf!

im just saying. Off the soapbox now.

Okay, Moab, I see your point.   And I agree.   It's only that things are so far gone that it's probably too late.  To wit, current issues:
1)  Adjustable Rate Mortgages(ARMs) are raising the payment rates steadily to the point that only the "1%" can afford a house.   Mortgage defaults will rise unavoidably.

2)  14.5 million people lost their jobs and many, many! will lose their unemployment benefits after 1 Jan '12.   Without people spending on necessities, the economy will slow down.   Badly in time.

3)   Europe is teetering on a cliff edge as I write this.   They borrow and borrow until no one will trust their national monetary units at all.   America is doing the same thing with economic/political policy.   The worst one is Calif.   I live here!   It's just like Greece for the same reasons.   As Greece goes, Calif. goes; American goes.

4)  Circumstantial:  Egypt and Syria are vicious, drastic, dire and grave powder kegs that are going down a slippery slope toward civil war.    Yemen is a close follower.   The whole regional economy of N. Africa, Southern Europe and the Middle East are linked by trade to some extent.   Immigrant Middle Eastern populations in Europe are a potentially unknown factor.   And Europe can cause America to experience harsh side effects in an economic meltdown.



There is no good outcome as I see it.   Hence the title of this thread.   But you're right that the politicians have made poor decisions.   Some others around the world did, too.

--Lee

Heres a cute lil story. After reading, think about how they will use this to wipe us out 1 by 1. Or use it on people that have an organic garden in their back yard. etc. etc.

Really, the only thing holding them back as much as feebly possible, is the law. Because the law works in our favor "sometimes".

Well, talk about game changers...............

http://theintelhub.com/2011/11/28/indefinite-domestic-military-detention/

Mags

Researcher Kent Arnspiger recently exposed  grocery
            stores for their poor planning.   They only carry 3-4
days worth of food (that’s gone in hours during a
crisis) so you won’t be able to get your hands on things
your family needs to live  â€" unless you have it in advance.[/size]The Mayo Clinic recommends you drink about 2  liters of             water every day.  How much  water would you have if, God             forbid, terrorists poisoned our water supply or  nuclear fallout made rainwater undrinkable? (If you’ve got bonus #1 this isn’t a concern)[/size]And worst of all Fox News reports “…lack of  acreage [in the US]…             will usher in a significant food shortage.”[/size]So we need to stockpile what we can.From the stores now.I have bought extra cans today of beans ,corn, and pineapple.Extra crackers.Toilet paper is a luxury.So are diapers.What I wanted to talk about today is Belgium.Its poised to be another Ireland.Its public debt is set to reach 97.2% of its gross domestic product in 2012.triffid[/size]