Let us not forget this problem is not going away, and the democrats will have to face the music also. The western world has entered the age of experimental economics. It will fail in the UK as well as US. Blaming it on "right-wingers" is pandering and demagoguery. The simple facts remain.
If the average American does not want to to tell other nations what to do then in 2008 they would all have voted for Dennis Kucinich (if Democratic) or Ron Paul (if Republican). Both candidates are called "kooks" by our media masters and both got single digit percentages of the votes.
Please reread my post. I believe the elections are completely rigged. The "politicians in charge" are controlling the elections. Even as a kid in elementary school (over 30 years ago) I was taught that "natural born citizen" meant two US citizens as parents and born on US territory. There are Supreme Court cases to back this up. The politicians and "handlers" of Odumbo KNEW THIS. Go check out what Pelosi et.al. sent out about their "certification" of Obama as the Democrat candidate...it did NOT state Odumbo was a US citizen..as is NORMALLY done. In fact Hawaii received a different notification than the other states. Do you REALLY think a Harvard trained CONSTITUTIONAL LAWYER did NOT know the US Constitution enough to know that he is not eligible to be president? Odumbo did not care that he is not eligible - Odumbo knew the powers that be would push him into office!
Haha! This is a great example of creative use of the English language. Shortie, I am looking forward to reading more of your pearls.
aren't they all doing the same thing? defaulting without trying to look like they are through monetization, at least Iceland do u in the front, the rest try to do u in the back
Yes, that's what they are doing but our highbrow blowhards (many of whom grace these forums) would never admit to such a thing.
I love your patriotic optimism but you have to remember that the US has defaulted 5 times since July 4 1776 already and you've only been in exitance for some 235 years!! In August your estimated spending is $340 billion, estimated tax revenue $180 billion. This is actually one of the most 'balanced' months. In March, you spent $1.2 Trillion and only took in $130 Billion. Where will the persistant short fall come from? Let's forget the debt ceiling issure for a moment. There just isn't enough cash in the world for you to keep borrowing!!
I suspect there will be a deal between the House and Senate once each politician has voted in a way that will allow him or her to profess to his or her constituents that they acted in their best interests so "please re-elect me!" Once that is complete they can negotiate and raise the debt ceiling and avoid a default. It's my feeling the short-term should be sacraficed for the long-term by raising the debt ceiling but can Congress and the White House be trusted to slash the budget by the advertised $2.2T? I doubt it. If the economy doesn't recover on its own -- and it's not -- the withdrawal of government spending will make things much, much worse. The depression that was averted in 2008/2009 could still lingering out there post-2012. Stay tuned....
They started the socialism by bailing out the Big banks. They were insolvent in 2008, not "illiquid" as Hanky Panky said. "Monday, 17 March 2008, 18:27 C O N F I D E N T I A L LONDON 000797 SUBJECT: BANKING CRISIS NOW ONE OF SOLVENCY NOT LIQUIDITY" http://globaleconomicanalysis.blogspot.com/2010/12/interesting-wikileaks-regarding-mervyn.html March 2008. When did Pauslon go to Congress for TARP?... So he lied to Congress to bail out his buddies, instead of doing the right thing and going Swedish-nationalization on their asses.